Category Archives: CalPERS

JJ Jelincic: CalPERS’ Plan to Create 2 New Private Equity Companies, Give Away Billions With No Control Makes No Sense….Except to Make Fund Managers Rich

CalPERS still can’t justify its new private equity business model, and has even retreated to calling it just a concept, yet it wants the board to sign a blank check at next week’s meeting.

CalPERS/Investor Alert: Award Winning Study Debunks “Warren Buffett” Fund Strategy; Buffett Does Better in Stocks Than Private Companies

Warren Bufett’s own experience calls “Warren Buffet funds” into question.

CalPERS CEO Marcie Frost Gives Contradictory, Nonsensical Justifications for Muscling the Board to Approve Private Equity Scheme in March

Frost’s justifications for CalPERS new private equity scheme becomes more incoherent as time goes on, but that is unlikely to prevent the captured board from giving it a green light.

CalPERS Surveys Employee Toilet Paper Preferences as Underfunding Worsens

CalPERS manages to outdo itself in dubious managerial practices.

Wall Street Journal Story Confirms That CalPERS Plans to Overpay Grossly in Its New Private Equity Scheme

More proof (as if you needed it) that CalPERS is clueless.

Los Angeles Times Barks Up the Wrong Tree With CalPERS/American Media Inc. (National Enquirer) Story

The Los Angeles Times tells the story of a CalPERS investment misfire to maximize the outrage factor, and does taxpayers a huge disservice by missing who the real perps were (mind you, not to say that CalPERS isn’t too easy a mark….)

CalPERS Election Vendor Votem on Verge of Failure Just as CalPERS Board About to Approve “Business as Usual” Election Notice

More proof that CalPERS CEO Marcie Frost is so busy with self-promotion that she can’t be bothered to have her staff execute adequately on important but not-that-difficult tasks.

CalPERS Chief Investment Officer Ben Meng Lied About Private Equity to State Senator Dr. Richard Pan at Joint Pension Committee Hearing

CalPERS lied to the wrong person. State Senator Dr. Richard Pan is smart enough to know he was snookered when word gets back to him.

CalPERS’ Management Continues to Lie to Its Board and Beneficiaries About Its Private Equity Scheme

CalPERS is once again up to no good on the private equity front.

Even More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”

It has taken three posts to unpack all the lies that John Cole told CalPERS’ board in December about its new private equity scheme.

More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”

More on how CalPERS will get its pockets picked in its newfangled private equity scheme.

Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?

CalPERS is at it again…this time in the form of its private equity architect John Cole showing the world that he is way over his head.

Private Equity Expert Dr. Ashby Monk Repudiates CalPERS CEO Marcie Frost’s Private Equity Scheme During and Immediately After Presentation at CalPERS

CalPERS can’t even get friendly private equity experts to back Marcie Frost’s hare-brained scheme.

CalPERS’ Story About Sudden “Resignation” of Star Hire Elisabeth Bourqui Falls Apart as Bourqui Comes to Board Meeting With Heavyweight Employment Lawyer

Pass the popcorn. It looks like CalPERS CEO Marcie Frost tangled with the wrong person in the form of Elisabeth Bourqui.

CalPERS Fiasco 2: Confidential Member Data at Risk by Letting Company With No Contract Have Access; CalPERS Apparently Still Has No Deal With Any Vendors for Upcoming Elections

How CalPERS gave access to its sensitive member database to a company it barely knew, Votem Corp., with no contractual protection whatsoever. That’s like giving the keys to your house to someone you just met.