Category Archives: Private equity

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.

California Treasurer Chiang’s Private Equity Transparency Three Card Monte

California Treasurer John Chiang promised landmark private equity transparency but instead acted as a stooge of the private equity industry and failed to stand up to captured public pension funds.

Kentucky Pension Fund: “Like a 3rd World Country with 2 Different Governments Claiming Power”

Kentucky is now practicing pension fund governance at the barrel of a gun.

North Carolina Threatens to Cancel Toll Road Project, Showing Political Risk of Infrastructure Deals

North Carolina’s House has voted to exit a toll road deal despite high expected cancellation costs.

HR 5424, “Investment Advisers Modernization Act,” a “Get Out of Madoff and Other Frauds for Free” Bill, Passes Financial Services Committee

HR 5424, intended to make life even easier for potential securities law abusers, got considerable support from Democrats on the Financial Services Committee.

CalPERS-TH Lee Row Over Private Equity Fee Abuses Demonstrates Failure of SEC Oversight

CalPERS’ inability to get TH Lee to disgorge ill-gotten fees shows how hopelessly one-sided private equity investing really is.