22 Year Study Finds Hedge Fund Managers Collect 64% of Investors’ Gross Returns
Hedge fund managers claw an awful lot in fees out of their investors but the reasons look to be different than for private equity.
Read more...Author Archives: Yves Smith
How CalPERS Staff Keeps the Board in the Dark About Compliance Problems
CalPERS has long covered up its dirty linen, including by making uninformative presentations to the board.
Read more...Are Riots Counterproductive, and Who Decides?
Riots and street violence are often blamed for producing a political backlash, but the real picture is more complex.
Read more...Links 9/2/2020
Journey into a Libertarian Future: Part IV – The Journey into a Libertarian Past
The libertarian justification of hierarchies and expropriation of land.
Read more...Fauci Says COVID Vaccine Trials Could End Early If Results Are Overwhelming
The FDA’s eagerness to launch a Covid-19 vaccine is not a way to win public trust, particularly in light of the agency’s record of bad calls.
Read more...Influential CalPERS Retiree Group Demands Resignation of Board President Henry Jones; Calendars Confirm Secret “Board Within Board” Abuse
CalPERS governance has become so visibly defective that a normally loyal retiree organization has gone into revolt.
Read more...Could Religious Exemptions Trump a COVID-19 Vaccine Mandate? Well, That Depends
How far could US authorities readily go in implemeting a vaccine requirement?
Read more...Links 9/1/2020
Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy
The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
Read more...Teachers Strike Authorization Vote Looms as Union and City Launch Last-Ditch Safety Talks
Teachers are going down to the wire with a strike threat in New York City over their assessment that planned Covid protections are inadequate.
Read more...CalPERS Misappropriates Funds, a Violation of the Criminal Code, By Laundering $40,000 Speaker Fee Through Randle Communications, a Nearly $500,000 a Year Advisor to Marcie Frost
CalPERS is not only hiring overpriced motivational speakers it can’t afford, but it is also cooking its records to do so.
Read more...Devastating Lawsuit Targets Bank of America, Credit Suisse, and Bayer Board Members and Executives Over Disastrous Monsanto Acquisition
Is the shortest road to cleaning up bad corporate governance in the EU through New York courts? Bayer is one of a set of test cases.
Read more...How Should the European Union Respond to Rising Greece-Turkey Tensions?
Can the EU de-esclate increasingly testy Greece-Turkey dealings ?
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