Labor Admits Superannuation Is a Ponzi Scheme
An Australian proposal would put stressed superannuation funds in even more trouble.
Read more...Category Archives: Investment management
CalPERS Dumps Risk Hedge Right Before Coronacrash, Sacrificing $1 Billion and Confirming Doubts About Chief Investment Officer Ben Meng’s Expertise
CalPERS supposed star hire Ben Meng just cost the giant fund $1 billion, over the objections of expert adviser Wilshire Associates.
Read more...Key Official Missing in Action: North Carolina Treasurer, Sole Fiduciary of Its Pension, Has Covid-19 but State Refuses to Say More
Key public officials are abusing their position if they keep the severity of their Covid-19 illness under wraps.
Read more...CalPERS’ Dishonest Response to Representative Jim Banks Regarding Chief Investment Officer Ben Meng and CalPERS’ Chinese Investments
Rep.Jim Banks pressed CalPERS on dodgy Chnese investments. CalPERS gave Banks a free shot via flagrant lies, but will Banks catch on?
Read more...Yet More Finance Profiteering: Green Bonds
Count on Wall Street to find a profit angle in actual or pending disaster. Green bonds are becoming a hot idea.
Read more...SEC With Investment Managers: “Like the FBI Sitting Down With the Mafia”
A law firm partner discusses SEC capture as if it were perfectly normal….which sadly, it is.
Read more...Debt Has Not Been Caused by Low Interest Rates, but Higher Rates Would Topple the Whole World Economy
Yet more official hand-wringing about interest rates…when they aren’t the core economic problem.
Read more...Estuaries, Climate Change, and “Blue Carbon”
Estuaries defined, whether they are carbon sources or carbon sinks, and an excursion into the world of climate NGOs through “blue carbon.”
Read more...CalPERS Should Thank Us for Publicizing, and Therefore Undermining Their Repeated Efforts to Hand Private Equity Portfolio to BlackRock: BlackRock’s Mark Wiseman Fired for Affair With Subordinate, Leading to Suspension of New Investments from “Warren Buffett” Style Megafund
How we helped CalPERS, despite the fund’s concerted efforts, dodge a BlackRock bullet.
Read more...Private Equity’s Uninvested “Dry Powder” and Falling Returns Reflect a Bigger Problem: The End of a Long Term Disinflationary Tail Wind
The press is finally becoming skeptical of private equity’s claims that it generates superior returns, demonstrated by a Monday Wall Street Journal story, Private-Equity Cash Piles Up as Takeover Targets Get Pricier1 and a Bloomberg article yesterday, ‘Peak’ Private-Equity Fears Are Spreading Across Pension World. This follows a Mark Hulbert piece in MarketWatch, whose title […]
Read more...Private Equity Under the Hot Lights Today at House Financial Services Committee Hearing, “America for Sale?”
Private equity gets some long overdue scrutiny.
Read more...How the Fed Boosts the 1%: Even the Upper Middle Class Loses Share of Household Wealth to the 1%. Bottom Half Gets Screwed
It is bizarre to see the Fed present data showing the Gilded Age level of wealth accumulation by the 1% as if that were a badge of honor.
Read more...The Myth of Shareholder Primacy
A surprising alliance of big business, activists and left-wing politicians have condemned the shareholder value paradigm. But did it ever really exist?
Read more...CalPERS Follows Naked Capitalism Recommendation: Does 180 on Emerging Managers by Dumping Managers, Slashing Commitments, Defying Board-Authorized Plan Through 2020
CalPERS has belatedly followed our advice and is radically cutting back on its so-called emerging managers.
Read more...CalPERS Abandoning Passive Equity Investing
alPERS has made big changes to how it invests, yet the press has barely noticed.
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