Why CalPERS’ Scheme for an “Independent” Private Equity Entity Is the Wrong Solution to the Problem of Weak Skills
Further discussion of why CalPERS’ latest Big Idea for private equity needs a Big Rethink.
Read more...Category Archives: Private equity
CalPERS Board Uncomfortable With Staff’s “Fire, Aim, Ready” Plan to Create Unaccountable Private Equity Vehicle
CalPERS’ staff is trying to railroad the board with a not-very-well-thought out idea of an “independent” private equity venture.
Read more...Bumbling Kentucky Retirement Systems Threatens Naked Capitalism With Half-Cocked Nastygram That Will Only Alienate Private Equity Fund Managers
Kentucky Retirement Systems huffs and puffs at Naked Capitalism.
Read more...CalPERS’ CIO Plays Board Like a Fiddle, Uses Trumpian Tactics on Credulous True Believers
CIO Ted Eliopoulos digs CalPERS a bigger PR hole and CalPERS’ board is so thick that it approves.
Read more...Catch Us on Harry Shearer’s Le Show Today!
We appear on Harry Shearer’s Le Show, discussing private equity and CalPERS. Be sure to tune in!
Read more...The Wheels Come Off Uber
Uber is over. But since many have money and reputations at stake, and Uber has cash to burn, it will take a while for that to be undeniable.
Read more...Can Uber Ever Deliver? Part Ten: The Uber Death Watch Begins
Why Uber is toast.
Read more...CalPERS to Game Benchmarks Yet Again to Flatter Private Equity, Understate Risk, Boost Staff Bonuses
CalPERS is lying with numbers yet again, this time with its private equity benchmarks.
Read more...CalPERS Internal News Site Ignores Unfavorable Stories, Steals Copyrighted Material
One of the reasons we’ve had insight into what CalPERS is thinking is that it has an internal news site that it curiously has not password protected, as you’d expect, particularly given how it operates.1 Historically, we found it useful not only because it gave us insight into what the Office of Public Affairs (PAOF) […]
Read more...How CalPERS General Counsel Matt Jacobs Violated California Bar Rules
In other CalPERS posts today, we discuss the legal and IT implications of the fact that Christopher Philips, a member of CalPERS’ legal department, posted comments seeking to undermine our credibility and that of board member JJ Jelincic. We explain how Phillips violated California bar rules. As a result of examining California State Bar Act […]
Read more...CalPERS Legal Department Employee Trolls Naked Capitalism Site, Putting Focus on Violations of Bar Rules
A CalPERS employee appears to have broken state bar rules in a meant-to-be anonymous comment left at Naked Capitalism.
Read more...CalPERS’ Comment on Naked Capitalism Reveals Mid-Level Network Security Deficiency; What Else Might Be Wrong?
An IT professional’s take on a CalPERS security lapse:” It looks like their network security monkey is pretty lazy.”
Read more...CalPERS Keeps Board in the Dark About How Private Equity “Subscription Line Financing” Gooses Staff and General Partner Pay and Systemic Risk
CalPERS is asleep at the switch yet again.
Read more...Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation
The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.
Read more...4 Lies in 25 Seconds: CalPERS’ Wylie Tollette, PR Staff, Keep Cooking Cost Numbers Despite Being Called Out
Another example of institutionalized lying is deeply rooted at CalPERS, even though they aren’t very good at it.
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