Category Archives: CalPERS

Influential California State University Council Calls for CalPERS CEO Marcie Frost to Go on Administrative Leave During Investigation by Inspector General

A CSU group has asked Gavin Newsom to put CalPERS CEO Marcie Frost on administrative leave while an inspector general probes governane failings.

CalPERS Staff Yet Again Tries to Usurp Board’s Power by Steering Governance Reforms After CIO Ben Meng Departure

CalPERS staff is too obviously still trying to stymie Controller Betty Yee’s governance reforms.

State Controller Betty Yee Calls for Public Discussion of CalPERS Governance Reforms Following Sudden Departure of CIO Ben Meng

Controller Betty Yee forcefully slapped down CalPERS’ CEO Frost’s claim that Yee was satisfied with the burial of Yee’s governance issues.

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.

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.

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.

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.

CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng

CalPERS’ Board Vice President Theresa Taylor shoots herself and CalPERS in the foot.

Former Board Member Jelincic: CalPERS Claims It Is Protecting Confidential, as in Criminal, Informants in Hiding Details About Lending

CalPERS made damaging statements to justify withholding information about private loans. That suggestswhat it was hiding is even worse.

Has CalPERS Come Clean With Its Board Over Pending $500 Million Carlyle Deal, Tainted by Ownership of Carlyle Shares by Departed CIO Ben Meng?

CalPERS needs to come clean about its Ben Meng mess. A pending Carlyle transaction shows it’s still in cover-up mode.

CalPERS CEO Marcie Frost Moonlights? Implausibly Denies Relationship With Top Speakers’ Bureau

CalPERS CEO Marcie Frost does not appear to have a good grasp of the conflict-of-interest rules that apply to her role.

CalPERS Preliminary Returns Inconsistent with Other CalPERS Data; CalPERS Refuses to ‘Splain Even Though It Ought to be Easy

CalPERS has yet to clear up an anomaly in its reported preliminary returns.

CalPERS Digs Its Ben Meng Defenestration Hole Deeper: Claims Knowledge of Abuse Months Ago; Notice for Emergency Closed Session Legally Invalid Unless CEO Frost’s Job Is on the Line

CalPERS is bizarrely unable to control its bad impulses.

CalPERS Chief Investment Officer Ben Meng Resigns Following Our Exposing His False, Felonious Financial Disclosure Filings and Private Equity Conflicts of Interest

CalPERS Chief Investment Officer Ben Meng has left abruptly. If you’ve been paying attention, this isn’t a total surprise.