Category Archives: Investment management

CalPERS Legal Department Employee Trolls Naked Capitalism Site, Putting Focus on Violations of Bar Rules

A CalPERS employee appears to have broken state bar rules in a meant-to-be anonymous comment left at Naked Capitalism.

CalPERS’ Comment on Naked Capitalism Reveals Mid-Level Network Security Deficiency; What Else Might Be Wrong?

An IT professional’s take on a CalPERS security lapse:” It looks like their network security monkey is pretty lazy.”

CalPERS Keeps Board in the Dark About How Private Equity “Subscription Line Financing” Gooses Staff and General Partner Pay and Systemic Risk

CalPERS is asleep at the switch yet again.

Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation

The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.

WSJ: JJ Jelincic to Leave CalPERS Board

JJ Jelincic is retiring from CalPERS’ board. He has made some more pointed comments about the sorry state of affairs at the pension fund.

Private Equity’s Lousy Governance

A upcoming law journal article does a fine high-level job of debunking private equity’s claims of providing better governance.

Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses

CalPERS board candidate Margaret Brown finds a lot not to like in the way CalPERS continues to play fast and loose with figures.

Some Public Pension Funds Taking on Outsized Private Equity and Hedge Fund Fees

Public pension funds might finally be getting over their unhealthy co-dependent relationships with private equity and hedge funds.

Private Equity Clutching Pearls Over Sweden Ending Carried Interest Loophole

Has Sweden become the mouse that roared at private equity?

CalPERS and Board Come Out Losers Over Kangaroo Court Against Its Most Effective Board Member (Updated)

CalPERS and its board seem incapable of understanding that when you are in a hole, you need to stop digging.

CalPERS Hides Bogus Persecution: Promised Public Hearing for Lone Effective Director Held in Secret

CalPERS doubles down on a bogus scheme to neuter its one effective board member reneging on its promise to have a public hearing of charges.

Skepticism About Private Equity Fees Going Mainstream: Pew and CalPERS Versus Yale and Industry Stalwarts

Private equity is getting defensive about its fees, and for good reason: its justifications for them are being exposed as hollow.

Corruption at CalPERS: General Counsel Matt Jacobs as Exemplar of Culture of Casual Lying

A spotlight on General Counsel Matt Jacobs as a prime example of what is wrong at CalPERS.

Goodbye Fiduciary Rule? Department of Labor Delays Implementation Until June

Implementation is now delayed until June, yet the steps many firms have taken to comply suggest the fiduciary rule will survive in some form.

Big Companies Shake Fingers at Employees for Raiding 401(k)s

401(k) “leakage” is yet another sign of the wobbly state of many Americans’ finances.