Category Archives: Private equity

Judge Slams Apollo for Making Investors Pay for Partner’s Bogus Personal Expenses; Clueless SEC Missed the Abuse, Maybe Because Paul Weiss Misled Them

A federal judge blasts Apollo for making bogus charges to its investors and by implication, law firm Paul Weiss, for whitewashing the abuse.

Rana Foroohar and Mark Blyth on Democrats Trying to Please Too Many Money Masters at Once

The Democrats will soon decide which campaign promises will be ignored or walked back. Sandernistas, brace yourselves.

Another Blow to Private Equity: “You Can Pick Winners” Again Shown To Be a Fool’s Game

More bad news about private equity returns.

A Letter from Nanea to Yves Smith About CalPERS’ Strange $1.5 Billion Deal with LongRange Capital

CalPERS defied its board by staking a startup fund with a cool $1.5 billion without approval. And on top of that, the deal looks lame.

CalPERS: Poster Child of Private Equity Cargo Cultism

CalPERS’ zealous defense of private equity looks pathological. So we hazard a diagnosis.

An Indictment of the “Standard Model” for Pension and Endowment Investing

A lucid and daming explanation of why public pension funds and other instutitional investors regularly fall short of popular indexes.

Why Has Mayoral Candidate Scott Stringer Invested New York City Pensions in Private Equity Firms Like Blackstone?

The New York City pension system provides more proof that investing in private equity hurts performance.

What Did Billionaire Leon Black of Apollo Get for >$50 Million in Fees to Jeffrey Epstein?

The more we learn about Leon Black’s relationship with sex offender Jeffrey Epstein, the less there is to like.

Looking for the Private Equity Lending Train Wreck in All the Wrong Places?

How immient is a bust in private equity related debt?

22 Year Study Finds Hedge Fund Managers Collect 64% of Investors’ Gross Returns

Hedge fund managers claw an awful lot in fees out of their investors but the reasons look to be different than for private equity.

Tom Ferguson: Biden Blurring Almost Everything

Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal

CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng

CalPERS’ Board Vice President Theresa Taylor shoots herself and CalPERS in the foot.

Former Board Member Jelincic: CalPERS Claims It Is Protecting Confidential, as in Criminal, Informants in Hiding Details About Lending

CalPERS made damaging statements to justify withholding information about private loans. That suggestswhat it was hiding is even worse.