Earth to Reporters: Why Is No One Asking SBF What Happened to the $3.3 Billion He Borrowed?
Journalists are ignoring an obvious and damaging line of questioning with SBF. Of course, the “damaging” part may be why they are punting.
Read more...Category Archives: Investment management
Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense
Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)
Read more...Key Institutional Crypto Player, Genesis, on Verge of Failure; Possibility of “Apocalyptic” Bitcoin Liquidation
Genesis, another key block in the crypto Jenga tower, looks like it is about to be removed from the game. What might fall down as a result?
Read more...A Quick Note About Additional FTX Sleaze
Some shady FTX behavior that hopefully won’t be lost in the shuffle of new revelations.
Read more...The Only Crypto Story You Need? A Response to Matt Levine’s The Crypto Story
A wide-ranging discussion of why defenses of crypto don’t stand up to scrutiny.
Read more...Sam Bankman-Fried and FTX Were Up to No Good, Including Their Customer Agreement
In the unlikely event you have any doubt, Sam Bankman-Fried and his merry band of FTX rogues look mighty dishonest.
Read more...Kentucky Retirement Systems Lawsuit Targets New York Fixer Regina Calcaterra for Alleged Bid Fixing
What passes for the elite in this country is normally immune from prosecution or even career harm if they follow their monetary interests: curry favor with the right people, never cross anyone important unless the potential payoff is worth it. Morals be damned. We may have the gratifying spectacle of someone who openly, as in […]
Read more...In Response to Court Order, Kentucky Retirement Systems Releases 2,256 Page, Yet Incomplete, Investigation into Hedge Fund Shenanigans
Kentucky Retirement Systems is still in the whitewash business.
Read more...Please, Vote for Somebody in the CalPERS Board Election. Your Money Is at Stake.
If you are a CalPERS retiree, please be sure to vote in the board election now underway. You deserve to be properly represented.
Read more...Kentucky Retirement Systems Ordered to Disclose Controversial $1.2 Million Report Used to Justify Inaction in Apparent Pension Looting by Hedge Funds
Kentucky Retirement Systems had a bad day in court, which is a good outcome for Kentucky citizens.
Read more...Wrong Way CalPERS Increased Private Equity Allocation by Over 50% as Investors Are Dumping Holdings
The Financial Times reports that private equity investors are running for the exits as CalPERS plans to pile on.
Read more...Now It’s Official: Financial Times Profiles Venture Capital Crash
A venture capital washout is underway. Pass the popcorn.
Read more...The Capitalist Solution to ‘Save’ the Planet: Make It an Asset Class & Sell it
John Bellamy Foster explains the plans to create assets on the back of everything nature does and expropriate it from the global commons.
Read more...CalPERS Cooks the Books While Taking an Unnecessary Loss to Exit $6 Billion of Private Equity Positions
CalPERS has just made an openly value-destroying sale of private equity holdings. So who at CalPERS is benefitting from this gift to buyers?
Read more...As CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance
Yet more reasons why CalPERS needs to kick its private equity bad habit.
Read more...