McKinsey: Doing God’s Work in Puerto Rico
McKinsey would have you believe it is covering itself in glory in Puerto Rico. A New York Magazine story suggests otherwise.
Read more...Category Archives: Hedge funds
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….)
Read more...Even Endowments Not Beating Vanguard….So What Good Are Those High Fee Private Equity and Hedge Funds?
Even endowments, the supposed best of best among diversified investors, are finding that their old alternative investment mojo isn’t working these days.
Read more...Our New York Magazine Article: “‘Alpha Wolves in the Henhouse’: California’s Multibillion-Dollar Private-Equity Boondoggle”
Putting CalPERS under the hot lights for its questionable private equity plans.
Read more...Pathbreaking Fiduciary Duty Suit Against KKR/Prisma, Blackstone, PAAMCO, and Others to Proceed
An important fiduciary duty lawsuit against some of the biggest names in the hedge fund and private equity worlds is moving forward. If the plaintiffs win, it could change the balance of power between investors and fund managers.
Read more...American Life Expectancy Continues to Fall: Rise in Suicides, Overdose Deaths the Big Culprit
America’s falling life expectancy is a symptom of rising social distress.
Read more...Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers
Another look at the ugly Sears bankruptcy.
Read more...Sears’ Terminal Slide: Bankruptcy and Likely Liquidation
Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Read more...Landmark Kentucky Pension Case Against KKR, Blackstone, and PAAMCO to Move to Trial?
An update on an important pension fund fiduciary duty case.
Read more...How Hedge Fund Activists Coopted “Shareholder Democracy”
How hedge fund activists, who largely operate as a type of corporate raider, have subverted the notion of “shareholder democracy” and what can be done to rein them in.
Read more...Michael Hudson: Argentina Gets Biggest IMF Loan in History
Leftout podcast of The Hudson Report, with Michael Hudson, discussing the award to Argentina of the biggest loan in the IMF’s history (includes transcript).
Read more...Did Small-Time City Operator Nigel Farage Trade His Way Into a Fortune in the Brexit Vote?
Hedgies made hundreds of millions speculating on the British pound the night of Brexit. Did Brexiteer Nigel Farage help them do it?
Read more...CalPERS Chief Investment Officer Ted Eliopoulos to Leave at Year End; Investment Office Adrift Due to Senior Level Vacancies
Why the departure of Ted Eliopoulos from CalPERS could wind up being the end of an era.
Read more...New Report: Most State Pension Funds, Including CalPERS, Lag 60/40 Investment Mix at Higher Cost, Resulting in Even Higher Shortfalls
Yet another stunning indictment of public pension fund management. If the biggest funds with the best staffs can’t beat a simple Vanguard portfolio, why aren’t more heads rolling?
Read more...Current Kentucky Retirement Systems Trustees Considering Throwing Predecessors Under the Bus to Get Blackstone and KKR
Is a pension fund management revolution brewing in what would seem to be the most unlikely place, that hotbed of corruption, the Kentucky Retirement Systems?
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