Saudi Aramco’s Landmark IPO Is Costing The Kingdom Billions
How the Saudi Aramco IPO has become a financial millstone.
Read more...How the Saudi Aramco IPO has become a financial millstone.
Read more...The Treasury and Fed set up junk-buying SPV programs The unwind is oddly controversial given that they never should have been created.
Read more...CalPERS defied its board by staking a startup fund with a cool $1.5 billion without approval. And on top of that, the deal looks lame.
Read more...A recent book focuse on the role of the carry trade in increasing financialization and instabilty.
Read more...A recap of the recent China “Bund Summit,” which included discussion of China’s continuing need for foreign capital.
Read more...Despite the big numbers, Goldman gets the kid glove treatment relative to the severity of its 1MBD misconduct.
Read more...CalPERS’ zealous defense of private equity looks pathological. So we hazard a diagnosis.
Read more...A lucid and daming explanation of why public pension funds and other instutitional investors regularly fall short of popular indexes.
Read more...The New York City pension system provides more proof that investing in private equity hurts performance.
Read more...The more we learn about Leon Black’s relationship with sex offender Jeffrey Epstein, the less there is to like.
Read more...CalPERS violates accounting rules by hiding outside consulting costs in internal investment overheads. None of the possible reasons are good.
Read more...A remarkable series of accidents led to the CalPERS board not being told how much CEO Marcie Frost’s advisor Randle Communications costs.
Read more...CalPERS CEO Marcie Frost told the press that she’s punting on her compliance duties.
Read more...CalPERS staff is too obviously still trying to stymie Controller Betty Yee’s governance reforms.
Read more...Controller Betty Yee forcefully slapped down CalPERS’ CEO Frost’s claim that Yee was satisfied with the burial of Yee’s governance issues.
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