CalPERS’ Private Equity Portfolio Continues to Earn Way Too Little for the Risk
CalPERS private equity returns are not pretty, but at least the giant pension fund seems to recognize private equity’s glory years are past.
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Los Angeles Times Calls Out CalPERS Board for “Trying to Muzzle” the One Director Who “Asks Tough Questions”
The Los Angeles Times weighs in on a story we broke. It sharply criticizes CalPERS trustees for trying to gag their most effective member.
Read more...CalPERS Tries to Hide Its Dirty Laundry, Threatens Most Effective Board Member: “Quit or Else”
CalPERS has managed to descend to a new low. Its strategy of trying to sweep fundamental problems under the rug has reached the point that the rug is not just lumpy but also starting to move. The latest shocker (and it is shocking) is that the board has launched a plan to strip JJ Jelincic, […]
Read more...Bill Black: CalPERS Seeks to Destroy Its Most Effective Director
Bill Black describes how an attack against a CalPERS trustee violates the board’s and the general counsel’s fiduciary duty.
Read more...How CalPERS’ Fiduciary Counsels Sabotage Good Board Governance and Quash Dissent
How CalPERS went from being a leader in good governance to being a train wreck, and now fixates on stymieing itsl one effective board member.
Read more...How Experts Enable Corruption: The Role of Conflicted Lawyers at CalPERS and Other Public Pension Funds
As Trump is about to be sworn in, the press and pundits are agog about his and his fellow Cabinet members’ deep and extensive conflicts of interest, and how dangerous they is for democracy.1 But the hue and cry about conflicts of interest is late in coming. They’ve been tolerated more and more over time […]
Read more...Why Has CalPERS Given Chief Investment Officer Ted Eliopoulos a $135,000 Gift Via a Bonus That Violates His Bonus Formula?
CalPERS flagrantly violated its procedures by granting its CIO, Ted Eliopoulos, a bonus greatly in excess of the level allowed.
Read more...CalPERS Considers Cutting Out Private Equity Firms, Making Direct Investments in Companies
CalPERS is considering a bold move, that of bringing private equity in house to reduce egregious fees and improve net returns.
Read more...CalPERS Reverses Itself on Its Plan to Violate California Constitution, Pave Way for Hiring Underqualified Candidate for Chief Actuary
CalPERS dodges a bullet after we prodded them.
Read more...CalPERS Plans to Violate California Constitution, Pave Way for Hiring Under-Qualified Candidate, for Critically Important Job of Chief Actuary
CalPERS is up to no good yet again.
Read more...Why Not Listening to Naked Capitalism Is a Mistake (and We Mean You, CalPERS)
How your support has helped us get CalPERS to pay attention and shape up even when most assuredly didn’t want to.
Read more...Even CalPERS Admits Private Equity Returns Are Fizzling
Like second marriages, private equity has become a triumph of hope over experience.
Read more...Hoisted From E-mail: “Shock Doctrine Against CalPERS”
Why CalPERS is becoming the target of sustained media attacks.
Read more...CalPERS General Counsel Matt Jacobs Lies to Board, and Staff Abuses Authority, to Stymie Public Input
Why general counsel Matt Jacobs’ record of misrepresentations, omissions, and slipshod advice makes him a danger to CalPERS.
Read more...New York Times Owes CalPERS a Retraction for Hatchet Job on Pension Fund Termination
The Grey Lady runs an error-filled piece on employer termination of plans with CalPERS, apparently carrying the water of pension privatizers.
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