A panel of the United States Court of Appeals for the Fifth Circuit last week axed the fiduciary rule– which the Trump Labor Department had delayed implementing. Now what? It’s over to the SEC.
Read more...Why US energy production forecasts, specifically from shale plays, may be exaggerated in a serious way.
Read more...The Reagan Administration ushered in stock buybacks as legalized manipulation. Time to put it to an end.
Read more...More evidence that CalPERS is making a hugely important and costly decision in a cavalier, even reckless, manner.
Read more...Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?
Read more...A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.
Read more...A perverse bit of good news: PE firms don’t like Trump’s infrastructure scheme.
Read more...Why CalPERS’ private equity outsourcing scheme is likely to leave the funds’ beneficiaries and California taxpayers worse off.
Read more...Why Wilson Sonsini’s not-obvious role at CalPERS is another red flag for CalPERS’ private equity outsourcing scheme.
Read more...Shareholders step up demands for companies disclose more information about the impact of climate change; these calls extend beyond energy companies.
Read more...CalPERS continues to be lousy at market timing.
Read more...CalPERS is about to embrace yet another bad investment idea.
Read more...Yet another example of the culture of casual lying at CalPERS and the deep-seated effort to neuter its board.
Read more...SEC staff letter raises detailed concerns about offering products based on bitcoin or other cryptocurrencies to retail investors.
Read more...A case filed at the end of last year, Mayberry v. KKR, hasn’t gotten the attention it warrants. The suit, which we’ve embedded at the end of this post, was filed on behalf of the beneficiaries of Kentucky Retirement Systems (KRS), the state’s public pension fund and its taxpayers, against Blackstone, KKR/Prisma, and PAAMCO for […]
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