CalPERS Considers Cutting Out Private Equity Firms, Making Direct Investments in Companies
CalPERS is considering a bold move, that of bringing private equity in house to reduce egregious fees and improve net returns.
Read more...Category Archives: Private equity
Private Equity Energy Funds Did So Badly They Might Have to Do the Unthinkable – Pay Clawbacks
Clawbacks, a provision meant to protect investors, seldom work as advertised. Investors might get better terms as the defects become obvious.
Read more...How Your State and Local Tax Dollars Paid for Private Equity Firm TPG’s Elton John Appearance
Yet another example of how private equity operates by its own set of self-serving rules.
Read more...Private Equity Consultant Hamilton Lane Trots Out New Excuse, “Evil Populists,” for Already-Flagging Private Equity Performance
Funny how it’s OK for defenders of the 0.1% like Hamilton Lane to blame class warfare on their soon-to-be-fallen standing, but not the 99%.
Read more...Nomi Prins: Hillary Clinton Will Continue the Big Bank Protection Racket
Hillary Clinton has apparently never met a well-heeled banker she didn’t like….
Read more...Why Not Listening to Naked Capitalism Is a Mistake (and We Mean You, CalPERS)
How your support has helped us get CalPERS to pay attention and shape up even when most assuredly didn’t want to.
Read more...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...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.
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