Category Archives: Private equity

CalPERS Admits It Is Nowhere on Its New Private Scheme After More Than Two Years

Why CalPERS’ private equity “new business model” dithering is looking an awful lot like Brexit.

Good Riddance to CalPERS’ Bill Slaton; Board Changes May (Finally) Lead to Staff Serving Beneficiaries, Not Its Own Interests

Why beneficiaries and California taxpayers should welcome Lisa Middleton replacing Bill Slaton on the CalPERS board.

Private Equity Investors’ Pockets Picked Even More With Increases in Carry Fees

More evidence that private equity is an exercise in separating fools from their money.

UK-Based Multinational Department Store Debenhams Collapses After 200 Years of Trading. Thank Private Equity

Debenhams follows the sad and well trodden path of retailers bought by private equity firms.

Memo to CalPERS: The Market Won’t Provide High Returns Just Because You Need Them

A professional fund manager describes why CalPERS’ private equity strategy is irrational.

Who’s Behind Trump’s Claim the Green New Deal Will Cost $100 Trillion?

President Trump’s claim that the Green New Deal would cost $100 trillion can be traced back to the Manhattan Institute, a think tank backed by fossil fuel investor Paul Singer and companies like ExxonMobil.

Prominent CalPERS Beneficiaries Send Forceful, Savvy Objections to the Proposed Private Equity Scheme; Contrast With Canned Letters CalPERS Pressed Allies to Submit

As important stakeholders sound alarms, more evidence that CalPERS can’t make an honest case for its “new” private equity scheme and is calling in chips in a big way to cover for that.

JJ Jelincic: CalPERS’ Plan to Create 2 New Private Equity Companies, Give Away Billions With No Control Makes No Sense….Except to Make Fund Managers Rich

CalPERS still can’t justify its new private equity business model, and has even retreated to calling it just a concept, yet it wants the board to sign a blank check at next week’s meeting.

CalPERS/Investor Alert: Award Winning Study Debunks “Warren Buffett” Fund Strategy; Buffett Does Better in Stocks Than Private Companies

Warren Bufett’s own experience calls “Warren Buffet funds” into question.

CalPERS CEO Marcie Frost Gives Contradictory, Nonsensical Justifications for Muscling the Board to Approve Private Equity Scheme in March

Frost’s justifications for CalPERS new private equity scheme becomes more incoherent as time goes on, but that is unlikely to prevent the captured board from giving it a green light.

Wall Street Journal Story Confirms That CalPERS Plans to Overpay Grossly in Its New Private Equity Scheme

More proof (as if you needed it) that CalPERS is clueless.

Los Angeles Times Barks Up the Wrong Tree With CalPERS/American Media Inc. (National Enquirer) Story

The Los Angeles Times tells the story of a CalPERS investment misfire to maximize the outrage factor, and does taxpayers a huge disservice by missing who the real perps were (mind you, not to say that CalPERS isn’t too easy a mark….)

CalPERS Chief Investment Officer Ben Meng Lied About Private Equity to State Senator Dr. Richard Pan at Joint Pension Committee Hearing

CalPERS lied to the wrong person. State Senator Dr. Richard Pan is smart enough to know he was snookered when word gets back to him.

CalPERS’ Management Continues to Lie to Its Board and Beneficiaries About Its Private Equity Scheme

CalPERS is once again up to no good on the private equity front.

Even More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”

It has taken three posts to unpack all the lies that John Cole told CalPERS’ board in December about its new private equity scheme.