Category Archives: Investment management

CalPERS Engineering Board Resignation: Underhanded, Dishonest Plans to Cut Investment Meetings of Poorly Performing Fund by More Than 50%, Shrink Investment Committee

The first of a two-part series describing the process and substance with which CalPERS staff is trying to engineer a de facto resignation of its board.

CalPERS Board President Henry Jones Exposed for Leaking Confidential “Closed Session” Information; Board Member Theresa Taylor Gives Factually-Challenged Denial of Her Closed Session Leak

The hypocrisy of CalPERS’ board is on full display yet again.

CalPERS Board Member Theresa Taylor Breached Confidentiality, Board Engaged in Apparent Criminal Violations of Open Meeting Law in Attacks on Pro-Transparency Board Membrs

CalPERS has managed to outdo itself, in a predictably bad way.

CalPERS Staff Caught Out in Yet Another Power Grab, Tries Gagging the Board With Staff’s “Board Code of Conduct”

The CalPERS board continues to waste time on tinpot tyranny rather than focusing on the challenge of the penion system’s substantial underfunding.

CalPERS in Bed With Jeffrey Epstein Client and Co-Investor, Apollo’s Leon Black Even After Apollo Pay-to-Play Scandal Led to Conviction and Jail Term for Former CalPERS CEO

CalPERS is worried about being tainted by its association with Leon Black of Apollo. CalPERS should be a lot more worried about its wallet.

Reclaiming the Commons Through State Ownership? Maybe Not

Transnational state capital can be just as harmful as its private counterparts. Local, democratic and sustainable alternatives offer better protection.

As Risky Finances Alienate Investors, Fracking Companies Look to Retirement Funds for Cash

Latest DeSmogBlog coverage of fracking follies: the still unprofitable industry turns to pension funds and private equity for capital.

Elizabeth Warren Seeks to Cut Private Equity Down to Size

Elizabeth Warren’s bill to end private equity abuses targets a wide range of bad practices.

Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up

A post-mortem of a leveraged loan bust: private equity wins, too bad for everyone holding the bag.

CalPERS’ Long-Term Care Policy Train Wreck – Is Bankruptcy the End Game?

CalPERS’ long-term care policy mess is even worse than industry norms, which is saying quite a lot.

CalPERS’ Hedge Fund With 34% Stake in National Enquirer Parent Alleged To Be “Parking” Rather Than Selling (Updated)

Some funny-looking business with CalPERS desire to be rid of National Enquirer’s parent, American Media.

Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund

Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.

Mr. Market and the Press Diss Deutsche Bank’s Turnaround Plan

A hard look at Deutsche’s restructuring plan reveals a lot not to like

Rebel Economist Breaks Through to Washington on How Shareholder Value Theory Rewards the Undeserving

How William Lazonick persuaded pols and pundits that the shareholder value theory was bad for business and society.

The Sham of Shareholder Capitalism

The mythology of shareholder capitalism does not stand up to scrutiny.