Blackstone’s Tony James Touting What Looks Like Hillary’s Scheme to Gut Social Security
Hillary’s mandatory retirement savings accounts are a twofer: a way to replace Social Security over time and enrich private equity and hedgies.
Read more...Category Archives: Private equity
New York Pension Regulator Shellacks State for Overpaying for Hedge Fund Underperformance, Enabling Private Equity Fee Secrecy
This is Naked Capitalism fundraising week. 794 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]
Read more...Naked Capitalism: Getting Through the Stupids to the Important
How Naked Capitalism is the antidote to media short-termism that otherwise allows powerful interests to control information flows.
Read more...Earth to Regulators: If You’re Going to (Hopefully) Ding John Stumpf, Don’t Miss Henry Kravis, Leon Black, et al.
Now that the press is focusing on executives who oversaw stealing, people like Leon Black are even more deserving targets than John Stumpf.
Read more...Even CalPERS Admits Private Equity Returns Are Fizzling
Like second marriages, private equity has become a triumph of hope over experience.
Read more...Private Equity Double Standard: California’s John Chiang, Other State Officials Happily Ding Headline-Grabbing Wells But Look Other Way With PE
State officials like California Treasurer John Chiang eagerly sanction an easy target like Wells Fargo. But private equity? Fuddedaboudit.
Read more...After 30 Years of Investing in Private Equity, Washington Decides That It Might Help if Its Board Knew What It Was Doing
Yet more confirmation of the dirty secret of private equity: the investors are way out of their depth.
Read more...Blackstone Presents New Fee Scheme: Tricky Fees are Dead, Long Live Tricky Fees!
Blackstone’s new, improved fee scheme confirms that any supposed concession to investors need to be viewed with great skepticism.
Read more...Hoisted From E-mail: “Shock Doctrine Against CalPERS”
Why CalPERS is becoming the target of sustained media attacks.
Read more...Cerberus Uses Private Equity Looting Strategy With Scandal-Ridden Steward Health Care Hospitals
How Cerberus is using a real estate looting strategy to salvage its purchase of Steward Health Care….at the expense of the operations, natch.
Read more...Law Firm for Private Equity Fund Managers Points Out That California “Transparency” Bill AB 2833 is a Big Fail
Yet more evidence that AB 2833, a supposed private equity reform bill sponsored by California Treasurer John Chiang, was a cynical ploy.
Read more...Even Matt Levine Feels Compelled to Say Sorta Bad Things About Apollo’s Conduct in $52.8 Million SEC Settlement
Apollo gets nicked by the SEC, but par for the course, not all that badly.
Read more...CalPERS’ Tainted Fiduciary Counsel Robert Klausner Departs After NC Publicizes His Dubious History
CalPERS’ tainted fiduciary counsel, Robert Klausner, is leaving. But CalPERS’ handling of his departures says it hasn’t learned its lesson.
Read more...Hedge Funds Get More Pushback on Terms as Enthusiasm for Strategy Wanes
Investors are trimming hedge funds’ sails….finally.
Read more...Milwaukee Riots Round-up of “Systemic Causes”
Milwaukee riots and disinvestment, segregated housing, and law enforcement for profit
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