Category Archives: Private equity

Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses

CalPERS board candidate Margaret Brown finds a lot not to like in the way CalPERS continues to play fast and loose with figures.

Some Public Pension Funds Taking on Outsized Private Equity and Hedge Fund Fees

Public pension funds might finally be getting over their unhealthy co-dependent relationships with private equity and hedge funds.

How Financialization and the “New Economy” Hurt Science and Engineering Grads

How the “new economy” devalued science and engineering degrees.

Illinois Bill Targets Carried Interest Loophole

The Illinois, New York and Connecticut legislatures are end-running the Feds by going after the carried interest loophole.

Private Equity Clutching Pearls Over Sweden Ending Carried Interest Loophole

Has Sweden become the mouse that roared at private equity?

Wall Street Journal Reports on Appearance of Private Equity Self-Dealing at Blackstone and Other Firms Nearly Four Years After We Broke the Story

So why is the Wall Street Journal years late in reporting on private equity self-dealng, and underplays its seriousness to boot?

“Howard Marks Seems to Read Naked Capitalism” on Private Equity Fund-Level Borrowing That Juice Reported Returns While Increasing Risks

Storied investor Howard Marks penned a not-very-positive post on private equity subscription lines of credit, echoing our earlier warnings.

Wolf Richter: Private Equity in the Thick of Bricks and Mortar Retail Implosion

The distress at traditional retailers has been made much worse by private equity asset stripping rendering them fragile.

Skepticism About Private Equity Fees Going Mainstream: Pew and CalPERS Versus Yale and Industry Stalwarts

Private equity is getting defensive about its fees, and for good reason: its justifications for them are being exposed as hollow.

Why Did CalPERS Pay FTI Consulting $224,625 for a Garbage-In, Garbage-Out Private Equity Whitewash?

Why did CalPERS hire FTI Consulting to cover up for private equity firms?

“Henry VIII Clauses” in Britain’s “Great Repeal” Brexit Bill Gives Government Unprecedented Powers

The “Great Repeal Bill” repeals EU laws and gives the executive massive powers to rule by decree in the Brexit transition

Why Is FTI Consulting Making It Look Like Apollo Overpaid Its Real Estate Execs $50 Million?

FTI Consulting appears awfully casual about how it handles confidential client information, and in the process has done Apollo no favors.

CalPERS, CalSTRS, Other Investors Have Indemnified Private Equity Criminal Conduct Even Though Fiduciary Counsels Say No

CalPERS board member JJ Jelincic confirms yet another major lapse by private equity investors.

Supreme Court Decides For Workers and Against Private Equity in Important Bankruptcy Case, Jevic

The Supreme Court slaps down lower courts and gives workers a key bankruptcy court win in Czyzewski v. Jevic Holding Corp.

Will New Required Reporting of $3 Trillion of Debt Crimp Big Cos, Private Equity?

A geeky accounting change in liability reporting may have real world consequences.