Category Archives: Investment management

The Corporate Food Takeover

Corporate ownership in many sectors of food production has risen and is set to increase further. Another rentier program well underway.

California Judiciary Committee Gives Blistering Assessment of CalPERS’ Fiduciary Duty Failings in Analysis of Fraud-Friendly Private Debt Secrecy Bill

The Judiciary Committee’s analysis of a CalPERS-sponsored bill shows that Sacramento is noticing the fund’s chicanery and incompetence.

CalPERS Employee Accused of Embezzling $685,000 from Beneficiary Bank and CalPERS Accounts Hasn’t Been Arrested, Much the Less Prosecuted. Why the Cover Up?

CalPERS has allowed an employee accused of massive embezzlement to go free for months rather than seek her arrest and prosecution. What is it hiding?

Softer Monetary Policy Increases Inequality

Quelle suprise! Asset-goosing loose monetary policy helps the rich more than the poor even in egalitarian Denmark.

Expose at Pennsylvania’s Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe

Pennsylvania pension fund PSERS is under the hot lights for pricey travel. And its explanations only confirm its capture by private equity.

FBI Investigating Reporting Fraud at $62 Billion Pennsylvania Public Pension Fund, PSERS; Returns Allegedly Falsified to Avoid Increased Worker Contributions

A major public pension fund, PSERS, looks to have been cooking its books, to the degree that the FBI is asking difficult questions.

LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades

Yet another nail in the private equity performance coffin.

CalPERS Shoots Itself in the Foot: Undermines Its Position in Insolent Letter Demanding JJ Jelincic Drop His Case Against Secrecy Abuses

Not only is CalPERS in a poor position in defending against a suit by former board member JJ Jelincic, but its attorney isn’t helping.

Sick Unicorns: America’s Broken Start-Up System

Unicorn startups are even more unprofitable than those that did not achieve unicorn status.

CalPERS Board Member Theresa Taylor Outs that a Staff Member Has Committed Fraud; When Will Giant Pension Come Clean?

Yet more misconduct at CalPERS.

Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses

A Biden rescue of the sickest private pension plans goes largely under the radar.

Mayberry v. KKR: Pitched Battle as Attorney General and Defendants Try to Block “Tier 3 Plaintiffs” Pursuing Claims Aggressively

The mudslinging! The disingenuous arguments! The clever retorts! The crafty lawyering! Welcome to Mayberry v. KKR, the Tier 3 chapter.

Former Board Member JJ Jelincic Sues CalPERS Over Illegal Secret Board Discussion After CIO Ben Meng’s Abrupt Departure and Hiding of Records Related to $583 Million Overstatement of Real Estate Assets

Former CalPERS board member JJ Jelincic is pursuing the thankless task of getting the agency to shape up. He may have found a leverage point.

Chief GameStop Tout and Registered Representative Keith Gill, Target of Class Action Suit, at Congressional Hearings Today

The leader of the GameStop short squeeze, Keith Gill, should have anticipated that he was running legal risks as a securities professional.

Yanis Varoufakis: Trumpism after Trump – NEWSWEEK Magazine, Interviewed by Basit Mahmood

Varoufakis believes Biden Administration fecklessness and love of austerity will strengthen the Trump faction.