Some Implications of the GameStop Short Squeeze
The seeming success of the GameStop short-slayers could in the long run come at high cost to some of them and most of us.
Read more...Category Archives: Private equity
The Blindness of Using Venture Capital to Fight Human Trafficking
Venture capital relies on market-based solutions to maximize short-term gains. That is no way to address worker exploitation.
Read more...Why Apollo’s Palace Coup Against Leon Black and Further Disclosures on Jeffrey Epstein Are Not Reassuring
The few details that Apollo offered about Leon Black’s relationship to serial child rapist Jeffrey Epstein only make things look worse.
Read more...Schaudenfreude Alert: Bezos-Buffet-Dimon Health Care Industry Disruptor Haven Makes Faceplant, Announces Closure
Even three rich smart guys couldn’t get a half baked idea like Haven off the ground.
Read more...Mayberry v. KKR Is Back as Attorney General Intervention Approved, Beneficiaries’ Counsel Files Third Amended Complaint
The latest on the seemingly never-ending Kentucky Retirement Systems case, Mayberry v. KKR.
Read more...Wall Street Mega-Landlord Blackstone Prepares to Reap the Spoils of Another Crisis
Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat, albeit using a somewhat different playbook.
Read more...Authoritative Consultant Slams Private Equity in Journal Article: Cheap Index Funds and In House Buys Beat PE Funds
Yet another authoritative source slams private equity returns.
Read more...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.
Read more...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.
Read more...Another Blow to Private Equity: “You Can Pick Winners” Again Shown To Be a Fool’s Game
More bad news about private equity returns.
Read more...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.
Read more...CalPERS: Poster Child of Private Equity Cargo Cultism
CalPERS’ zealous defense of private equity looks pathological. So we hazard a diagnosis.
Read more...Profits Over Human Life? ER Doctor’s Story Is Fearful Lesson for U.S. Workers During Pandemic
Dr. Ming Lin spoke out about Covid safety and was fired. A doctor working for corporations must check his medical ethics at the door.
Read more...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.
Read more...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.
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