Category Archives: Private equity

California Treasurer John Chiang’s Peculiar Letter to the New York Times on His Sham Private Equity Transparency Bill

Treasurer John Chiang tries to defend his bill, AB 2833, against an article by Gretchen Morgenson, but only digs his hole deeper.

Meet CalPERS Board Member Bill Slaton, Who Puts Kow-Towing to Private Equity Over Beneficiaries and California Taxpayers

CalPERS Investment Committee vice chairman Bill Slaton exemplifies many of the pathologies of the board.

After Supporting Treasurer Chiang’s Private Equity Transparency Bill in Public, CalPERS Gutted It Behind the Scenes

Yet more evidence of CalPERS’ chicanery on behalf of the private equity industry.

CalPERS Reported That It Made Less in Private Equity Than Its General Partners Did (Updated: As Did CalSTRS)

CalPERS clearly made less on its private equity investments last year than its so-called partners did.

CalPERS Announces Preliminary Returns of 0.6% When Target is 7.5% (Updated)

CalPERS posts crappy results and its disclosure isn’t too hot either.

How Finance Costs Too Much and Fails to Deliver

The costs of looting by the financial services industry are even more staggering than you probably imagined.

Warren, Sanders, Brown, Merkley, Reed, 4 Other Senators, Ask the SEC to Get Out of Bed on Private Equity

As strange as it may seem, eight Senators ganging up on the SEC over yet another private equity lapse is a sign of a change in the zeitgeist.

How Treasurer Chiang’s Designee Grant Boyken Duped CalPERS’ Board to the Detriment of Taxpayers and Beneficiaries

How California Treasurer John Chiang’s deputy, Grant Bokyen, snookered CalPERS’ board to facilitate gutting a private equity reform bill.

Private Equity Industry Offers Intelligence-Insulting Defenses for Long-Standing Grifting Due to Refusal to Register as Broker-Dealers

Private equity firms insist that they continue to violate broker-dealer requirements. Why? So they can carry on looting.

OC Register: CalPERS Expected to Show Multi-Billion Loss for Fiscal Year Ended June 30, 2016

CalPERS at best laid a big goose egg for its 2015-2016 results. It remains in denial about its return prospects, to the detriment of beneficiaries and taxpayers.

Los Angeles Times: Treasurer Chiang’s Private Equity “Transparency” Bill Fails to Deliver (Updated: LAT Misrepresents Credentials of PE Booster)

The Los Angeles Times describes how Treasurer Chiang’s private equity bill, AB 2833, has become toothless.

New York Times Series on Private Equity Misses the Mark

A New York Times series lets private equity investors off the hook.

New York Times’ Gretchen Morgenson: Private Equity Transparency Bills, Including California Treasurer Chiang’s AB 2833 “Hit a Wall”

Why California Treasurer John Chiang’s private equity transparency bill, AB 2833, would actually set back the cause of private equity reform.

Why Private Equity Does Not Outperform

A new article gives a concise and readable debunking of the myth of private equity outperformance.

Private Equity Expert/Reformer Opposes California Treasurer Chiang’s Now-Phony “Fee Transparency” Bill

A key private equity reformer weighs in against the current version of California Treasurer Chiang’s fatally weakened transparency bill.