Mayberry v. KKR Plaintiffs File Amended Complaint, Refuting Standing Issues in Recent Kentucky Supreme Court Decision
Another front opens in the landmark public pension case, Mayberry v. KKR
Read more...Category Archives: Investment management
Pathbreaking Public Pension Case Mayberry v. KKR Is Back From the Dead as Kentucky Attorney General Joins Case
The unexpected resurrection of the pathbreaking pension lawsuit Mayberry v. KKR is a welcome but politically extremely puzzling development.
Read more...Misunderstanding Public Pension Fund Implications of Thole v. US Bank and Mayberry v. KKR
How some commentators are misreading two recent court cases on pensions: Thole v. US Bank and Mayberry v. KKR.
Read more...New Study Slams Public Pension Funds’ Alternative Investments as Drag on Performance, Identifies CalPERS as One of the Worst “Negative Alphas”; Shows Folly of CalPERS’ Desperate Plan to Increase Private Equity and Debt and Go Bigger Using Leverage
A new paper shows that public pension fund investment in “alts” like real estate and private equity hurt returns and failed to lower risk.
Read more...Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast
CalPERS latest beneficiary e-mail had misrepresentaions that even the toothless SEC would sanction.
Read more...Private Equity and the Pandemic: Brace for Impact…Investing (Part II)
Private equity profiteering in prisions and education demonstrates why their enthusiasm for socially responsible investing is a con.
Read more...New Investment Gimmickry: Covid-19 Bonds
Covid-19 has engendered investment grifting.
Read more...Wall Street Journal’s Apologia for Private Equity Letting Companies Go Bust
The Wall Street Journal unwittingy defends private equity destructiveness.
Read more...LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight
Mike Hiltzik gives the CalPERS board yet another well-warranted dressing down.
Read more...Board Member Margaret Brown Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence
Board member Margaret Brown has finally had it with CalPERS’ dirty tricks.
Read more...CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Read more...Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Read more...Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses
While the US was busy with coronavirus and George Floyd protests, private equity stormed the retail investor barricade.
Read more...Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out
A major story on the CLOs chooses not to address the key questions.
Read more...Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects
Not surprisingly, public pension fund economics look pretty sick.
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