Category Archives: Investment management

Deceit Pays Dividends: How CEO Lies Can Boost Stock Ratings and Fool Even Respected Financial Analysts

Reaching not-necessarily-sound conclusions from turning a supposed lie-detecting AI on CEO earnings calls and analyst ratings.

The Coming Ukraine Collapse and the “Rebuilding” Headfake

The hyping of Ukraine rebuilding is at least as delusional as the earlier war talk.

CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability

CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?

The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility

Stock buybacks, aka corporate financialization, as a mode of predatory value extraction

A Russian Paper on New Currency/International Reserve Options Finds No Magic Bullets

A recent paper in a Russian economics journal confirms that there is no simple way out of the dollar hegemony box.

“Venture Capital Funds Are Mostly Just Wasting Their Time and Your Money”

Yet more evidence that venture capital is good for the fund managers, not so much for anyone else.

Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich

In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber

Hubert Horan takes another hard look at Uber financials and finds much not to like.

Wolf Richter: End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff

Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.

Central Banks, Green Finance, and the Climate Crisis

The tough policy choices ahead for confronting the climate crisis.

CalPERS Refuses to Spend $1 Million, or $1.30 Each, to Prevent Sale of Personal Data of 770,000 Beneficiaries on Dark Web

How CalPERS is inexcusably throwing nearly 800,000 beneficiaies under the bus in a massive data heist.

Mammoth RICO Lawsuit Targets Credit Suisse, Many of its Directors and Execs, and KPMG for Over a Decade of Fraudulent, Reckless Conduct

Credit Suisse, or more accurately, buyer UBS, some execs/board members, and KPMG are targets in a monster RICO suit.

Eurobanks and London Firms Insist Very Bad Things Will Happened if Euro Derivatives Clearing Moves to Continent

anks and loser clearinghouses are complaining about a (long) planned derivatives relocation to Europe. But is this mainly special pleading?

Plunder: Private Equity’s Plan to Pillage America

Brendan Ballou talks to Rob about his forthcoming book, Plunder, about the growing harmful role of private equity in the US.