Category Archives: CalPERS

CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability

CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?

CalPERS Chief Investment Officer Musicco and Son in NBA Playoffs Courtside Seats Next to Billionaire Warriors Owner and Kleiner Perking Partner Joe Lacob. What Gives?

Another case of a CalPERS executive, here Chief Investment Officer Nicole Musicco, making clear they think they are above California law

How Private Equity Bribes Public Pension Fund Officials: Subsidized/Fund-Paid Lavish Travel and Entertainment

Yet more private equity corruption! And see how little it costs to buy the assent of public pension fund employees.

Public Pension Funding Average Now Below 50%, Yet Beneficiaries and Press Stay Mum

That light at the end of the public pension fund tunnel is the headlight of the underfunding train bearing down on them.

CalPERS’ Refusal to Put Clearly Insolvent Long-Term Care Insurance Plan in Bankruptcy Increases Harm to Policyholders and Makes Board and Responsible Executives Liable

CalPERS continues to behave badly.

A Big Reckoning Starting for Private Equity and Its Public Pension Fund Enthusiasts

Private equity returns are finally going pear-shaped, but for the most part, investors are re-upping their bets.

Please, Vote for Somebody in the CalPERS Board Election. Your Money Is at Stake.

If you are a CalPERS retiree, please be sure to vote in the board election now underway. You deserve to be properly represented.

Wrong Way CalPERS Increased Private Equity Allocation by Over 50% as Investors Are Dumping Holdings

The Financial Times reports that private equity investors are running for the exits as CalPERS plans to pile on.

CalPERS Cooks the Books While Taking an Unnecessary Loss to Exit $6 Billion of Private Equity Positions

CalPERS has just made an openly value-destroying sale of private equity holdings. So who at CalPERS is benefitting from this gift to buyers?

As CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance

Yet more reasons why CalPERS needs to kick its private equity bad habit.

CalPERS Continues to Endanger Employees During Extended Covid Surge Over Union Objections; Falsely Said It Was Complying With California Requirements; Appears To Be Understating Case Count

CalPERS is having employees service the egos of managers by coming to the office rather than protecting them from Covid by teleworking.

A Small Win Out of Our Post on CalPERS’ Covid Regulation-Breaking and (Yet Again) Fibbing

Our warning about a big Covid outbreak at CalPERS may not have produced any changs there, but it did lead other state agencies to shape up.

CalPERS Staff in Fury Over Covid Negligence, Regulation-Breaking Risking Staff, Seniors, and Day-Care Children; CalPERS Lies About Cases and Lack of Compliance

CalPERS has risen from being a risk to merely to the financial health of beneficiaries and taxpayers to being a bona fide health hazard.

Calling All CalPERS Long-Term Care Policyholders! Kaiser Health News/New York Times Want to Hear Your Stories

CalPERS long-term care victims, um, policyholders: the press is interested in your plight! Use the link in this post to a NYT contact form.