Winners and Losers as PE Firm Cerberus’s Remington “Rollup” Collapses into Bankruptcy
Who are the bagholders in the Remington bankruptcy?
Read more...Category Archives: Private equity
CalPERS Violates Law and Board Procedure: Cuts Microphone of Board Member Margaret Brown After Letting Her See Only Redacted Board Transcripts, Lodging Bogus Charges
CalPERS has been doing everything it can to keep new board member Margaret Brown from seeing recent closed session transcripts, including cooking up completely bogus, secret charges against her.
Read more...Why CalPERS Private Equity Outsourcing Beauty Show Is Arbitrary and Capricious
More evidence that CalPERS is making a hugely important and costly decision in a cavalier, even reckless, manner.
Read more...Private Equity Firms Turn Up Noses at Trump’s Infrastructure Headfake
A perverse bit of good news: PE firms don’t like Trump’s infrastructure scheme.
Read more...Why CalPERS’ Private Equity Outsourcing Scheme Is Likely to Hurt Returns
Why CalPERS’ private equity outsourcing scheme is likely to leave the funds’ beneficiaries and California taxpayers worse off.
Read more...CalPERS Let New Fox in the Private Equity Henhouse: Silicon Valley Fixer Wilson Sonsini
Why Wilson Sonsini’s not-obvious role at CalPERS is another red flag for CalPERS’ private equity outsourcing scheme.
Read more...CalPERS Chief Investment Office Ted Eliopoulos Now Touting Venture Capital Even Though It Can’t Improve Returns
CalPERS is about to embrace yet another bad investment idea.
Read more...Fiduciary Counsel Ashley Dunning Encourages CalPERS to Muscle Actuary to Change His Forecasts of Funding Needs
How CalPERS’ fiduciary counsel encouraged its board to pressure its actuary to produce more politically-convenient results.
Read more...CalPERS’ Fiduciary Counsel, Ashley Dunning, Lies to Board to Defend Private Equity Secrecy and Perpetuate Inadequate Supervision of Staff
Yet another example of the culture of casual lying at CalPERS and the deep-seated effort to neuter its board.
Read more...Why Is CalPERS Board Member/Governor Wannabe John Chiang Telling a Big Lie About CalPERS Private Equity Outsourcing Scheme?
Gubernatorial candidate John Chiang looks more loyal to private equity than he does to California voters and CalPERS beneficiaries.
Read more...CalPERS Launches Illegal, Corrupt, Unjustified and Beneficiary-Damaging Private Equity “Strategic Partner” Search Obviously Designed to Favor BlackRock
CalPERS looks to be handing the private equity keys to BlackRock in a breathtakingly crooked process.
Read more...Incoming Board Member Margaret Brown Criticizes CalPERS’ Plan to Hurt Beneficiaries by Hiring Unnecessary, High-Priced Private Equity Middlemen; CalPERS Violates Open Meeting Rules by Advancing Plan in Secret
Incoming CalPERS board member Margaret Brown dishes out some straight talk on where the giant pension fund needs to shape up.
Read more...Can Uber Ever Deliver? Part Eleven: Annual Uber Losses Now Approaching $5 Billion
Uber’s ever-widening losses confirms Hubert Horan’s thesis that Uber has no credible path to profit absent a radical downsizing.
Read more...House Members Tee Up Bipartisan Bill to Kill CFPB Payday Lending Rule
Bipartisan support emerges for overturn of CFPB’s payday lending rule; will this prove to be another Cordray fail?
Read more...New Paper Debunks Desperate Rationalization for Private Equity: Lower Volatility Based on Bogus Valuations
A new paper by Jeff Hooke and Ken Yook of John Hopkins argues that “smoothed,” as in phony, private equity valuations are misleading.
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