Category Archives: Private equity

Your Money and Your Life: Private Equity Blasts Ethical Boundaries of American Medicine

In a harrowing new book, Laura Katz Olson exposes how private equity is taking over health care companies – and preying on human lives.

Pennsylvania Public Pension Fund Trustee Katie Muth Has to Sue to Find Out What Fund Is Investing In

Proving how deep intransigence runs among public pension fund staff, PennPSERS trustee Katie Muth is suing to find out what the fund owns.

Eileen Appelbaum and Rosemary Batt Score Important Win Against Private Equity as Surprise Billing Laws Slam KKR Grifter Envision Healthcare

A dogged effort to curb a particularly egregious private equity abuse, hospital surprise billing, bears some fruit.

The Private Equity Industry in the New Interest Rate Environment

Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?

Financialization at Heart of Economic Malaise

Sadly, finacialization is still very much with us, even though policy-makers know better by now.

Wrong Way CalPERS: Dumping $6 Billion of Private Equity After Struggling to Put Money to Work and Then Increasing Target

CalPERS is trying to do something more obviously nonsensical than usual.

California Suit Takes Aim at Private Equity Engaging in Illegal Practice of Medicine by Owning Outsourced MD Practices

An important new suit targets a central and not even well disguised private equity abuse: illegally practicing medicine via owning MD groups.

Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation

CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.

Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing

CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.

Endowments’ Money Management Destroying Value Demonstrates Economic Drain of Asset Management Business

How endowments, the supposedly best and brightest fiduciaries, are destroying value.

Satyajit Das: Fintech’s ‘Flim-Flam’ Innovation Games

Not surprisingly, fintech looks like a variety of old scams in new bottles.

Finance Group Fails To Deliver at COP26

Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.

An Increase in Interest Rates Would Be An Act of Class Warfare

While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.

CalPERS Continues to Violate Law Via Secret Board Discussions; Upcoming Monday Illegal Secret Placement Agent Review Raises Concerns About Bribery

A previous CalPERS CEO went to prison for taking bribes. CalPERS is now illegally hiding the type of fees that generated those bribes.

SEC Chair Gary Gensler, Ever So Politely, Signals Intent to Cut Private Equity Grifting Way Back

SEC chair Gary Gensler puts private equity in his crosshairs. Will he fire?