An Indictment of the “Standard Model” for Pension and Endowment Investing
A lucid and daming explanation of why public pension funds and other instutitional investors regularly fall short of popular indexes.
Read more...Category Archives: Hedge funds
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...Brawl Over Mayberry v. KKR: Big Hearing Monday Over One Contested Issue, Whether Attorney General Can Intervene in Kentucky Retirement Systems Case
The next phase of Mayberry is set to be particularly scrappy as lawyers joust for position.
Read more...Racial Disparity in COVID-19 Deaths: Seeking Economic Roots in Census Data
The higher rate of black deaths to Covid-19 appears due to higher infection rates. That suggests that work and living conditions put them much more at risk.
Read more...Mayberry v. KKR Plaintiffs File Amended Complaint, Refuting Standing Issues in Recent Kentucky Supreme Court Decision
Another front opens in the landmark public pension case, Mayberry v. KKR
Read more...Pathbreaking Public Pension Case Mayberry v. KKR Is Back From the Dead as Kentucky Attorney General Joins Case
The unexpected resurrection of the pathbreaking pension lawsuit Mayberry v. KKR is a welcome but politically extremely puzzling development.
Read more...Misunderstanding Public Pension Fund Implications of Thole v. US Bank and Mayberry v. KKR
How some commentators are misreading two recent court cases on pensions: Thole v. US Bank and Mayberry v. KKR.
Read more...New Study Slams Public Pension Funds’ Alternative Investments as Drag on Performance, Identifies CalPERS as One of the Worst “Negative Alphas”; Shows Folly of CalPERS’ Desperate Plan to Increase Private Equity and Debt and Go Bigger Using Leverage
A new paper shows that public pension fund investment in “alts” like real estate and private equity hurt returns and failed to lower risk.
Read more...US Corporations a Driving Force Behind ‘Unprecedented Wave’ of Global Land Privatization: Report
This Oakland Institute study documents how the neoliberal project proceeds, with US interests pushing to privatize land in the Global South.
Read more...Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out
A major story on the CLOs chooses not to address the key questions.
Read more...Puerto Rico: Earthquake Aftershocks and Aftermath
Thousands of the inhabitants of Puerto Rico still huddle in outdoor shelters, and FEMA has yet to approve assisted rent to relocate people.
Read more...The Financialization of Child and Elder Care: The Tax Justice Network December 2019 Podcast
Private equity is moving in a big way into elder and child care services in the UK. Patients and parents beware.
Read more...Tucker Carlson Tears into Vulture Capitalist Paul Singer for Strip Mining American Towns
Tucker Carlson takes on the feared vulture capitalist Paul Singer as an examplar of how hedge funds are destroying American communities.
Read more...CalPERS Still Owns Toxic National Enquirer Via Hedge Fund Chatham; CEO Marcie Frost Falsely Says It Was Sold; Columbia Journalism Review Depicts Pending Sale as a Sham
CalPERS is trying to pretend it is done with the National Enquirer. A pending sale would still have CalPERS subsidizing the Enquirer’s costs.
Read more...‘Destroyer of Newspapers’ Vulture Fund Buys Majority Stake at Tribune Publishing
Newspaper unions express fear that Alden Global Capital “is looking to bleed its next chain of newspapers dry.”
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