SEC Issues Devastating Risk Alert on Private Equity Abuses; Effectively Admits Failure of Last 5+ Years of Enforcement
The SEC’s Office of Compliance Inspections and Examinations says private equity conduct is really really bad.
Read more...Category Archives: Private equity
LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight
Mike Hiltzik gives the CalPERS board yet another well-warranted dressing down.
Read more...CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Read more...Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Read more...Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses
While the US was busy with coronavirus and George Floyd protests, private equity stormed the retail investor barricade.
Read more...Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out
A major story on the CLOs chooses not to address the key questions.
Read more...Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects
Not surprisingly, public pension fund economics look pretty sick.
Read more...Retail Bankruptcies, Bailouts Put Spotlight on Private Equity
Private equity turned a lot of retailers into tenants….and now landlords are a big impediment to the survival of many businesses.
Read more...More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?
Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.
Read more...Looking at “The Secret Group of Scientists and Billionaires Pushing a Manhattan Project for COVID-19” with a Critical Eye
Can venture capitalists, private equity, Republican fixers, biomedical serial entrepreneurs, and scientists from two medical institutes deliver a #COVID19 solution that involves mass certification via a cellphone app, and a new hybrid form of governance, an “empowered council”?
Read more...Mitch McConnell to State Pension Funds: Drop Dead
Prominent Republicans are threatening to gore the public pension fund ox.
Read more...Wolf Richter: Coronavirus Drives Barrage of New Lobbying Activity
Follow the money – Congressional lobbying activity and who wins and who loses from coronavirus relief.
Read more...What Wall Street Doesn’t Want You to Know About Hospital Emergency Rooms
A coronavirus whistleblower winds up also exposing that private equity has too much say in running emergency rooms.
Read more...Firing of Whistleblowing Emergency Room Doctor Ming Lin By Blackstone-Owned TeamHealth Demonstrates Outsized Role of Private Equity in Hospital Staffing
Blackstone’s TeamHealth, a big perp in the scam called “surprise billing,” retaliated against a doctor who criticized unsafe Covid-19 practices.
Read more...CalPERS Legacy Assets: How Much in Overvaluation Has CalPERS Been Hiding?
CalPERS apparently needs to take a bath on its legacy assets.
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