Category Archives: Private equity

The Twelve Days of CalPERS

Will “The Twelve Days of CalPERS ” become a new holiday classic?

CalPERS: Stockholm Syndrome and Cowardice on Private Equity Fee Disclosure

I have wanted to leave CalPERS alone. Really. Truly. But they keep asking for attention in the worst possible way.

Wolf Richter: IPO Window Suddenly Closes, “Worst Year Since 2009,” Worst December Since 2008

The IPO market shutting down does not bode well for private equity returns, and may be sending a warning about real economy prospects.

Pensions & Investment Editorial Savages Trustees for Failing to Perform Fiduciary Duty Over Private Equity Fees

Pensions & investments, in an astonishingly outspoken editorial, excoriated fund trustees for failing to perform their fiduciary duty and called for sanctions.

We Won a Fight Against CalPERS Over Its Plan to Ignore Private Equity Risk

A Los Angeles Times headline recapping a board meeting Monday says it all: “CalPERS shelves controversial private equity policy.”

Partial Tally of Hidden Private Equity Fees: 6% of Equity Invested

A new study on private equity’s hidden charges is sure to fuel demands for more transparency.

Our Bloomberg Op-Ed on CalPERS’ Plan to Get Rid of Private Equity Risk by Ignoring It

CalPERS’ plan to eliminate the measurement of private equity risk, a seismic change, is a case study in how staff manipulates the board to its own advantage.

Matthew Cunningham-Cook: How the Christie Stole New Jersey Local Government Workers’ COLA

A vignette of how pensioners are being shafted by being denied their COLA, or cost of living increase. In New Jersey, this looks to be a transfer to Wall Street.

San Diego Union-Tribune Editorial Attacks CalPERS Over Half-Baked Plan to Lower Return Targets

CalPERS comes under fire on a new front: its fight with Governor Jerry Brown over how quickly to lower return targets to realistic levels.

How CalPERS Fails to Use Its Leverage in Private Equity

CalPERS ‘ belief that it cannot change the rules of the game in private equity is a symptom of learned helplessness, not power relationships.

How CalPERS Violated California Open Meeting Laws to Stifle Private Equity Skeptics and Keep the Board in the Dark

If CalPERS breaks the law routinely and casually to silence private equity skeptics, what is it capable of doing when the stakes are higher?

Stream and Podcast for Our Chat with Harry Shearer on Le Show are Up!

Listen to the stream or download the podcast from our interview with Harry Shearer last weekend. It’s gotten high marks.

Be Sure to Catch Us on Harry Shearer’s Le Show Today!

Be sure to catch our best interview evah with Harry Shearer today, Sunday, or listen to the podcast later in the week. And let your friends and family know too!

More on How CalPERS Lies to Itself and Others to Justify Investing in Private Equity

A continued discussion of how CalPERS chooses to kid itself about private equity.

How CalPERS Lies to Itself and Others to Justify Investing in Private Equity

CalPERS really seems to have convinced itself that the likes of KKR and Blackstone are “partners” in more than just the legal sense. Oops.