CalPERS’ Priya Mathur Opens, Reads, Even Answers Mail of Board Member Margaret Brown, Denies Her Access to Transcripts of Past Meetings.
Yet more lawless behavior at CalPERS.
Read more...Category Archives: Investment management
Why Charles Asubonten Is Not Qualified to Be Chief Financial Officer and What His Hiring Says About CalPERS
Further discussion of the mystery of how CalPERS CFO Charles Asubonten got hired.
Read more...Executive Summary: New CalPERS CFO Charles Asubonten’s Misrepresentations and Discrepancies in His Resume and Form 700
Why the hiring of Charles Asubonten as CFO of CalPERS is a serious governance lapse.
Read more...Misrepresentations and Inconsistencies in CalPERS CFO Charles Asubonten’s Resume
A detailed documentation of the misrepresentations and inconsistencies in the resume presented by Charles Asubonten to CalPERS when he applied for the CFO post.
Read more...Bay Hills Sues Kentucky Retirement Systems for Invoking Its Contractual Right to Dissolve Fund
Kentucky Retirement Systems is in the midst of another important alternative investments legal contest.
Read more...Current Kentucky Retirement Systems Trustees Considering Throwing Predecessors Under the Bus to Get Blackstone and KKR
Is a pension fund management revolution brewing in what would seem to be the most unlikely place, that hotbed of corruption, the Kentucky Retirement Systems?
Read more...Another CalPERS Victory: CalPERS to Publish “Court Reporter Style” Transcripts
CalPERS commits to publishing its open meeting transcripts.
Read more...CalPERS Violates Law and Board Procedure: Cuts Microphone of Board Member Margaret Brown After Letting Her See Only Redacted Board Transcripts, Lodging Bogus Charges
CalPERS has been doing everything it can to keep new board member Margaret Brown from seeing recent closed session transcripts, including cooking up completely bogus, secret charges against her.
Read more...Fifth Circuit Axes Fiduciary Rule: Over to the SEC
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...Is “US Energy Dominance” Overhyped? Top Experts Doubts Claims About Future Net Energy Exports
Why US energy production forecasts, specifically from shale plays, may be exaggerated in a serious way.
Read more...Stock Buybacks Hurt Workers and the Economy. We Should Ban Them.
The Reagan Administration ushered in stock buybacks as legalized manipulation. Time to put it to an end.
Read more...Why CalPERS Private Equity Outsourcing Beauty Show Is Arbitrary and Capricious
More evidence that CalPERS is making a hugely important and costly decision in a cavalier, even reckless, manner.
Read more...Wolf Richter: Big Reset Looms for Corporate Credit Market
Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?
Read more...Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.
A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.
Read more...Private Equity Firms Turn Up Noses at Trump’s Infrastructure Headfake
A perverse bit of good news: PE firms don’t like Trump’s infrastructure scheme.
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