LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades
Yet another nail in the private equity performance coffin.
Read more...Category Archives: Private equity
Sick Unicorns: America’s Broken Start-Up System
Unicorn startups are even more unprofitable than those that did not achieve unicorn status.
Read more...Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses
A Biden rescue of the sickest private pension plans goes largely under the radar.
Read more...Recent Judge Rakoff Decision May Curb Private Equity Leverage Abuses By Pinning Liability on Directors of Selling Company
Some of the worst private equity practices, like buyers pulling out more cash at closing than they put in, were targeted by a recent ruling.
Read more...More Evidence That Private Equity Kills: Estimated >20,000 Increase in Nursing Home Deaths, 160,000 Life Years Lost Due to Cuts in Care
Private equity greed knows no bounds: their nursing home acquisitions generated a “serious” rise in deaths and fall in other measures of care
Read more...Hoist on His Own Petard? Kentucky Attorney General’s Apparent Plan to Settle Landmark Pension Case Mayberry v. KKR Likely to be Undermined by Discovery
Kentucky Attorney General Daniel Cameron may have outfoxed himself by joining a landmark case against grifting private equity moneybags.
Read more...Criminal Tax Cheat Robert Smith of Private Equity Firm Vista Gets a Pass for Conduct Worse Than Apollo’s Leon Black, Now in Epstein Doghouse
Neil Weinberg and David Voreacos published an in-depth account at Bloomberg of how private equity baron Roger Smith escaped being indicted for criminal tax fraud despite having concealed over $200 million in income. The very short version is that Smith and his allies got to Attorney General William Barr, both through Barr’s former firm Kirkland […]
Read more...Goldman Is Evil But McKinsey Is Worse
Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that’s not likely to change.
Read more...Pension Bridge Presents Former CalPERS CIO Ben Meng as ESG Leader Despite California Investigation for Conflict of Interest That Led to His Exit
Pension Bridge discredits itself by inviting former CalPERS CIO Ben Meng, under investigation for ethics violations, to speak at its ESG event
Read more...Investors Not Reassured by Apollo Trying to ‘Splain Leon Black’s $188 Million in Payments to Serial Child Rapist Jeffrey Epstein
Apollo is not having much success with its claim that a $188 million paid by Leon Black to Jeffrey Epstein in fees and loans was bona fide.
Read more...Some Implications of the GameStop Short Squeeze
The seeming success of the GameStop short-slayers could in the long run come at high cost to some of them and most of us.
Read more...The Blindness of Using Venture Capital to Fight Human Trafficking
Venture capital relies on market-based solutions to maximize short-term gains. That is no way to address worker exploitation.
Read more...Why Apollo’s Palace Coup Against Leon Black and Further Disclosures on Jeffrey Epstein Are Not Reassuring
The few details that Apollo offered about Leon Black’s relationship to serial child rapist Jeffrey Epstein only make things look worse.
Read more...Schaudenfreude Alert: Bezos-Buffet-Dimon Health Care Industry Disruptor Haven Makes Faceplant, Announces Closure
Even three rich smart guys couldn’t get a half baked idea like Haven off the ground.
Read more...Mayberry v. KKR Is Back as Attorney General Intervention Approved, Beneficiaries’ Counsel Files Third Amended Complaint
The latest on the seemingly never-ending Kentucky Retirement Systems case, Mayberry v. KKR.
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