European Investment Scammers Allegedly Laundered Their Money through Scotland
Investigations by European and Ukrainian prosecutors revealed an alleged investment fraud with funds laundered via UK corporate entities
Read more...Category Archives: Investment management
Smear Campaigns Work: Pro-Transparency Board Member Margaret Brown, Candidate Tiffany Emon-Moran, Both Lose CalPERS Board Election
The California public employees unions that have bizarrely made clear that they are firmly on the side of having CalPERS continue to be poorly run have gotten their way. Pro accountability, pro-transparency board member Margaret Brown, and Tiffany Emon-Moran, who was challenging incumbent and staunch staff David Miller, were both defeated in this year’s board […]
Read more...Does America Want a CHIPS for Buybacks Act?
To bring more chips-making back to the US, Congress should condition additional funds on suspending stock buybacks.
Read more...Michael Hudson on Renegade Inc.: China’s Fortune Cookie Crumbles
Michael Hudson discusses China’s campaign to limit the influence of Western investors.
Read more...Law Review Article Describes Private Equity as Bargaining Failure, Indictment of Law and Economics Fetishization of Contracts
An important new paper puts another big chink in private equity’s armor.
Read more...Behold the Watered Stock’s New Variant!
Back to the future! Welcome to the successor to a 19th century favorite, watered stock.
Read more...Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism
Soros has a hissy over China’s Xi no longer wanting to play nicely with foreign investors.
Read more...EXPOSED: How CalPERS Tried and Continues to Try to Cover Up Former Chief Investment Officer Ben Meng’s Misconduct
A CalPERS case study in “The cover up is worse than the crime,” Ben Meng edition.
Read more...Board Member David Miller Takes CalPERS-Paid Vacation by Abdicating Oversight, Obstructing Board Members Doing Their Job
Why David Miller deserves a special place in the CalPERS board member Hall of Shame.
Read more...EXPOSED: CalPERS’ Brainwashed Board in Denial that CIO Meng Caused His Own Downfall with Information He Himself Provided
CalPERS’ secret rmeeting after CIO Meng left in a huff shows how staff controls the board, here by falsely claiming internal sabotage.
Read more...EXPOSED: Transcript of CalPERS Closed Session on Ben Meng Departure Shows Clear and Extensive Violations of Transparency Laws, Builds Case for Contempt Ruling by Judge Markman (Presiding)
Oops! CalPERS released nearly all of a transcript of a board meeting after Ben Meng’s resignation that it was fighting to keep secret.
Read more...CalPERS Officially a Laughingstock Around the World: London Newsletter Sniggers Over Failed Chief Investment Officer Search Even While Omitting or Getting Worst Facts Wrong
Even commentary meant to be hard on CalPERS manages to understate how bad things are.
Read more...CalPERS Comes Dead Last of 34 Public Pension Returns Despite Having Biggest, Best Paid Investment Office
CalPERS can’t manage its way out of a paper bag.
Read more...“RLB Can Suck a Dick”: CalPERS Board VP Theresa Taylor Debases CalPERS, Sneers at Workers and Little People in Unhinged, Factually False Attack on SEIU California President
CalPERS Board VP and Investment Committee chair Theresa Taylor has yet another put foot in mouth and chew incident.
Read more...Quelle Surprise! New Study Confirms that Public Pension Funds Use Flattering Benchmarks to Hide Failure to Beat Simple Indexing; CalPERS Is a Case Study
Documenting yet another way public pensions funds lie to themselves and their many constituencies about their performance.
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