Category Archives: Private equity

Democrats’ Private Equity Hearing Fail: Abject Incompetence, Corruption, or Mere Unseriousness?

A House Financial Services Committee hearing on private equity revealed more about the party than about private equity, and in a not good way at that.

Private Equity Under the Hot Lights Today at House Financial Services Committee Hearing, “America for Sale?”

Private equity gets some long overdue scrutiny.

How the Fed Boosts the 1%: Even the Upper Middle Class Loses Share of Household Wealth to the 1%. Bottom Half Gets Screwed

It is bizarre to see the Fed present data showing the Gilded Age level of wealth accumulation by the 1% as if that were a badge of honor.

Electronic Voting Machine Debacle Continues in 2019, Setting Dangerous Precedent for 2020

Bloomberg’s recent story on electronic voting machines is good, but ignores their private equity owners, soft-pedals the role of corruption, and ignores the incursion of the intelligence community into the voting process.

CalPERS Follows Naked Capitalism Recommendation: Does 180 on Emerging Managers by Dumping Managers, Slashing Commitments, Defying Board-Authorized Plan Through 2020

CalPERS has belatedly followed our advice and is radically cutting back on its so-called emerging managers.

Public Pension Funds Criticized for Profiting From Private Equity’s “Surprise Billing” Abuse

Surprise billing is such a widespread abuse that it is managing to bring private equity chicanery and public pension funds’ tacit support of it to long-overdue public attention.

Wolf Richter: How Employees & Employers Get Bled by Health Insurance

Health insurance costs will kill you if your medical issues don’t get you first.

Who Advocates For Surprise Medical Billing? – Private Equity Hides Behind Physicians’ White Coats

Private equity is a danger to your health via its role in suprise billing. To hang onto its meal ticket, it is funding dark money group and ads to block legislation.

CalPERS Short-Changed by CIM in Pay-to-Play/Bribery Scandal; Looks Like Apollo Stiffed CalPERS Too

How CalPERS was cheated by conniving fund managers, as is pervasive among private equity investors.

Another School Leadership Disaster: Private Companies Work an Insider Game to Reap Lucrative Contracts

Firms that help place handpicked candidates in school leadership positions use those connections to sell other products and services.

Air Ambulances Woo Rural Consumers With Memberships That May Leave Them Hanging

A patient could believe his or her emergency air transport was taken care of, only to face a rude awakening when the bill came.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-One: Mike Isaac’s Book Ignores Economics and Financial Results and Gets the Uber Story Almost Entirely Wrong

Mike Isaac’s Super Pumped!, a new book on Uber, draws fundamentally false conclusions about the company.

Under Bloomberg Pressure, CalPERS Coughs Up BCG Report on Private Equity, Confirming Criminal Abuse of Open Meeting Law; Board President Henry Jones Casually Leaks Confidential Information

A peek into how CalPERS abuses confidentiality when public agencies are supposed to be public.

Private Equity and Surprise Medical Billing

Private equity has glommed onto the healthcare sector, and drives the “surprise” medical billing. phenomenon.

Hedge Fund Chatham Sends Nastygram Over NY Post Removal of “Parked Transaction” in Piece on Questionable Deals Involving American Media, Owner of National Enquirer. CalPERS Too.

Hedge fund Chatham is might upset about a phrase we picked up from a New York Post article on Chatham funds’ investment, including a CalPERS fund, in the parent of the notorious National Enquirer.