Category Archives: Investment management

Hedge Fund Shakeout Continues

The hedge fund industry has been bloodied but is far from bowed.

“Finance is Just Another Industry”

A debunkng of the claim that finance is special and should be treated accordingly.

CalPERS-TH Lee Row Over Private Equity Fee Abuses Demonstrates Failure of SEC Oversight

CalPERS’ inability to get TH Lee to disgorge ill-gotten fees shows how hopelessly one-sided private equity investing really is.

Investment Case Study: Some Oxford Dons Take Skeptical Look at Yale and Canadian Investment Fads, Um, Models

Believe it or not, a case study on major approaches to investing that is both informative and fun to read.

CalPERS Uses Unqualified “Expert” to Validate Its London-Whale-Style Deficient Risk Management

CalPERS tells its board that the very same lax risk management oversight structure that led to the London Whale fiasco is “best practice” when it clearly isn’t.

SEC Conference Features Former Official Calling for Fraudsters to be Protected from Career Harm

No matter how bad you think things are at the SEC, you routinely find out that they are worse, as a recent conference revealed.

CalPERS Invests in Toll Road Even Though Those Deals Consistently Lose Money

CalPERS ventures into the looting of local populations via investing into a famous toll road-gone-bad deal that has been restructured.

Hedge Funds Want a Pony, Um, Permanent Capital, as More Investors Exit

Hedge funds are trying to sell a (sort of) new idea, that of permanent capital. But why on earth would anyone in their right mind buy it?

Hedge Fund Comeuppance: Firms Hunker Down, Start to Cut Fees as Investors Wise Up and Withdraw Money

Years late, investors are finally waking up to the fact that hedge funds overpromise, overcharge, and underdeliver.

CalPERS’ Fiduciary Counsel Robert Klausner, Calls CalPERS’ Divestiture of Tobacco Stocks a Violation of Fiduciary Duty

CalPERS’ tainted fiduciary counsel, Robert Klaunser, effectively told the Vermont public pension fund that CalPERS is violating its fiduciary duty.

Mania in Private Equity as Investors Throw Money at Funds

Private equity investors are throwing caution to the wind as even more money chases funds.

Dan Loeb of Third Point Foresees a Hedge Fund “Killing Field”

Hedge funds are having a major comeuppance. Couldn’t happen to a nicer bunch.

Wolf Richter: Investors Dump Hedge Funds Due to Lousy Performance, High Fees

Hedge funds are finally getting a long overdue comeuppance.

Robert Reich: Why Is One of Sanders’ Most Important Proposals Being Ignored?

Sanders’ financial transactions tax plan hasn’t gotten the hearing it deserves.