Category Archives: Investment management

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.

Why Is FTI Consulting Making It Look Like Apollo Overpaid Its Real Estate Execs $50 Million?

FTI Consulting appears awfully casual about how it handles confidential client information, and in the process has done Apollo no favors.

CalPERS, CalSTRS, Other Investors Have Indemnified Private Equity Criminal Conduct Even Though Fiduciary Counsels Say No

CalPERS board member JJ Jelincic confirms yet another major lapse by private equity investors.

Will New Required Reporting of $3 Trillion of Debt Crimp Big Cos, Private Equity?

A geeky accounting change in liability reporting may have real world consequences.

More Railroading of CalPERS Board: General Counsel Withholds That Fiduciary Counsel Candidate Is Leading Case That Undermines CalPERS and CalSTRS

Yet more abuses and derelictions of duty by CalPERS’ general counsel Matt Jacobs. Please circulate this post to CalPERS and CalSTRS members.

CalPERS’ General Counsel Railroads Board on Fiduciary Counsel Selection

CalPERS’ general counsel is upping his power grab with the board’s selection of its fiduciary counsel.