Hedge Fund Comeuppance: Firms Hunker Down, Start to Cut Fees as Investors Wise Up and Withdraw Money
Years late, investors are finally waking up to the fact that hedge funds overpromise, overcharge, and underdeliver.
Read more...Category Archives: Private equity
Tough Private Equity Transparency Bill in Illinois Focuses on Indefensible Contract Terms, Beats California Bill on Fee Disclosure Requirements
A new private equity transparency bill sponsored by Illinois Senator Daniel Biss is more extensive and effective than similar legislation pending in California.
Read more...Mania in Private Equity as Investors Throw Money at Funds
Private equity investors are throwing caution to the wind as even more money chases funds.
Read more...Worst Example Yet: Unconscionable Apollo Clause Illustrates Depth of Capture of Private Equity Investors
A spotlight on one of the most rancid “heads we win, tails you lose” features of private equity agreements: sweeping indemnification provisions which no fiduciary should accept.
Read more...Our Bloomberg Story: Don’t Let Private Equity Dupe California
Path-breaking private equity legislation is being weakened by insiders and the public is being shut out completely. Don’t let it happen.
Read more...Sun Capital Ruling: Private Equity Investors on the Hook for Shuttering Underfunded Pensions
A ruling against private equity general partner Sun Capital delivered a nasty surprise to investors.
Read more...Credentialism and Corruption: Neoliberalism as Lived Experience
How do these people live with themselves.
Read more...How CalPERS Was Taken By Private Equity Firm Silver Lake and Tried to Hide That (A Tale of Two Spreadsheets)
CalPERS told two very different stories about how well its investment in Silver Lake, the general partner, fared. Which should we believe?
Read more...Caesars Bankruptcy Fight Over Alleged Fraudulent Transfers Opens Window on Private Equity Looting
Creditor suits against private equity kingpins Apollo and TPG for the failed Caesars’ deal have already revealed a lot of dirt, with more sure to follow.
Read more...North Carolina Knowingly Allows Fox to Run State Pension Henhouse
North Carolina takes a big step backwards by allowing its sole state pension trustee take jobs that create glaring conflicts of interest.
Read more...A Firm Elizabeth Warren Wants Examined for Statements on Fiduciary Duty Reform is Where the SEC’s Tainted Former Exam Chief, Andrew Bowden, Landed as General Counsel
Former SEC official Andrew Bowden, who resigned over looking too cozy with the SEC, is now general counsel at a firm in Warren’s crosshairs.
Read more...Private Equity Kingpins Whine as Stock Market Values Languish
What word best describes how distasteful it is to see obscenely rich men complain that they aren’t as rich as they think they ought to be? The subhead on a new Financial Times story on private equity tell us: “PE believes investors do not grasp their long-term cash flow generation capabilities.” In other words, this […]
Read more...Is California Treasurer John Chiang Serious About His Private Equity Fee Transparency Bill?
Looking beneath the surface of the lackluster arguments e by Treasurer John Chiang and Assemblyman Ken Cooley for their private equity transparency bill.
Read more...Banks Once Burned, Now Twice Shy About Taking on More Takeover-Deal-Related Junk Debt
Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.
Read more...More Proof of CalSTRS’ Misrepresentations and Foot-Dragging in the Private Equity Carry Fee Scandal
The second biggest public pension fund in California, CalSTRS, again demonstrates it valued maintaining friction-free relationships with private equity firms over protecting its beneficiaries.
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