Stock Markets Do Not Create Value
A new study on stock price performance undermines conventional thinking.
Read more...Category Archives: Investment management
Panicked Market Close Wednesday, Rout Continues Overseas, With Some Stabilization in Europe; What Will Thursday Bring? Updated: Investors Want Their Fed Put
Mr. Market was very edgy yesterday. Will he recover his chipper mood today or fall into a deeper funk?
Read more...Jason Perez’s Ouster of CalPERS Board President Priya Mathur Sends Shockwaves Among Private Equity, Environmental, Social & Governance (ESG) Boosters
Jason Perez’s win over ESG advocate Priya Mathur has ESG fans deeply worried.
Read more...Earthquake in Sacramento: Insurgent CalPERS Candidate Jason Perez Trounced Board President Priya Mathur in 57% to 43% Win; Repudiation of Captured Board and Labor Leaders
Congratulate Jason Perez for his victory over Priya Mathur in the CalPERS board elections.
Read more...CalPERS’ CEO Marcie Frost’s History of Embellishment and Poor Management Goes Back to Washington
Yet more confirmation of our findings regarding CalPERS CEO Marcie Frost’s record of misrepresentations.
Read more...How the Crisis Caused a Pension Train Wreck
Why pension funds, and retirement savers generally, are big victims of the financial crisis.
Read more...CalPERS’ PR Strategy on CEO Marcie Frost’s Resume Lies Backfiring
How CalPERS CEO Marcie Frost’s media mavens are only digging a deeper hole in the scandal over her misrepresentations before and after her hiring.
Read more...More Evidence that Private Equity Funds Fail as Investment: No Outperformance v. Stocks, Higher Volatility
Yet more data confirming that private equity is not what it is cracked up to be unless you do it in house.
Read more...Why Marcie Frost’s Shoddy Resume Alone Was Reason Not to Hire Her at CalPERS
Did any member of the CalPERS Board actually read the words in Frost’s resume?
Read more...CalPERS’ CEO Marcie Frost’s Misrepresentations Regarding Her Education and Work History During and After Her Hiring
Another apparent case of employment fraud at CalPERS, this time with CEO Marcie Frost as the perp.
Read more...Landmark Kentucky Pension Case Against KKR, Blackstone, and PAAMCO to Move to Trial?
An update on an important pension fund fiduciary duty case.
Read more...Why Elizabeth Warren’s Accountable Capitalism Act Will Be Good for Shareholders
Why shareholders are getting a raw deal out of the misguided corporate fixation on “maximizing shareholder value,” and Elizabeth Warren’s new bill is therefore good for them.
Read more...CalPERS to End Direct Investments and Separately Managed Accounts, Limit Co-Investment as CIO Whinges About Difficulty of Putting Money to Work
CalPERS is about to take another great leap backwards in private equity.
Read more...Asset Prices and Wealth Inequality
How asset prices have driven the evolution of US wealth inequality over the last 70 years.
Read more...Oxford Professor Phalippou: Since 2006, Private Equity Has Produced Only S&P 500 Returns While Reaping $400+ Billion in Fees
Oxford professor Ludovic Phalippou gives a decisive debunking of the claim that private equity outperforms.
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