Category Archives: Private equity

Public Pension Fund Study: High Fee Strategies Like Private Equity Lose Billions Compared to Cheaper Alternatives

A recent report slammed public pension funds for losing money relative to what they could have done by investing in high fee strategies like private equity. And that’s even before incorporating the fact that private equity returns are overstated.

Elizabeth Warren, Other Senators Back IRS in Cracking Down on Private Equity Tax Abuse, Management Fee Waivers

One big private equity tax abuse, management fee waivers, is on its way out. Will others follow?

Private Equity Asset-Stripping Strategy Meets Charter Schools to Produce Even Better Looting

Tax-free junk bonds. High real estate and transactions fees. High consultants’ fees. Lack of transparency. A charter school Ponzi scheme.

CalSTRS, Maryland Fund Private Equity Players Seeking Profits in the Refugee Crisis

Private-equity-backed providers undercut charities in providing refugee services. It’s not hard to imagine how the results are coming in.

Why You Should Care About CalPERS’ Staff’s and Board’s Incompetence in Private Equity and What You Can Do About It

Why you need to help CalPERS kick its bad private equity habits.

Mission Impossible Star and Sometime Political Aspirant Alec Baldwin and Retweets Yves’s Post on CalPERS Capture by Private Equity

Alec Baldwin retweets a link to “How CalPERS’ Consultant, Pension Consulting Alliance, Promotes Intellectual Capture by Private Equity”

CalPERS Board Members Defend Poor Performance by Staff, Capture by Private Equity

“It’s shocking to see how many of the CalPERS investment committee are utterly ignorant. Aren’t these people supposed to know something? “

How CalPERS’ Consultant, Pension Consulting Alliance, Promotes Intellectual Capture by Private Equity

One of the not-well-recognized channels by which private equity orthodoxy, meaning general-partner-favoring party line, is propagated and defended is via private equity consultants. CalPERS’ consultant, Pension Consulting Alliance (PCA), performed this role during the most recent Investment Committee meeting.

California Readers: Catch on KPFA This Friday at 7:30 AM PDT Discussing CalPERS and CalSTRS (Update: Or Listen to the Stream)

If you are in Northern California, I hope you’ll tune in to KPFA this Friday!

CalPERS’ Senior Investment Officer Flouts Fiduciary Duty by Refusing to Answer Private Equity Questions

In the last CalPERS Investment Committee meeting, one of the most revealing incidents took place when Investment Director Christine Gogan repeatedly refused to answer a simple, direct question about a widely-used private equity tax abuse, management fee waivers.

CalPERS’ Chief Investment Officer Invokes False “Superior Returns” Excuse to Justify Fealty to Private Equity

In the last Investment Committee meeting, CalPERS’ chief investment officer Ted Eilopoulos invoked the One Excuse That Rules Them All for investing in private equity. It happens to be bogus.

CalPERS, an Anatomy of Capture by Private Equity

One of the strongest, most consistent reactions of experts who watched the video of the last meeting of CalPERS’ Investment Committee was that the staff and the Investment Committee members, save JJ Jelincic, were completely captured by the private equity industry.

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Category Archives: Private equity

Public Pension Fund Study: High Fee Strategies Like Private Equity Lose Billions Compared to Cheaper Alternatives

Elizabeth Warren, Other Senators Back IRS in Cracking Down on Private Equity Tax Abuse, Management Fee Waivers

Private Equity Asset-Stripping Strategy Meets Charter Schools to Produce Even Better Looting

Why You Should Care About CalPERS’ Staff’s and Board’s Incompetence in Private Equity and What You Can Do About It

Mission Impossible Star and Sometime Political Aspirant Alec Baldwin and Retweets Yves’s Post on CalPERS Capture by Private Equity

CalPERS Board Members Defend Poor Performance by Staff, Capture by Private Equity

How CalPERS’ Consultant, Pension Consulting Alliance, Promotes Intellectual Capture by Private Equity

California Readers: Catch on KPFA This Friday at 7:30 AM PDT Discussing CalPERS and CalSTRS (Update: Or Listen to the Stream)

CalPERS’ Senior Investment Officer Flouts Fiduciary Duty by Refusing to Answer Private Equity Questions

CalPERS’ Chief Investment Officer Invokes False “Superior Returns” Excuse to Justify Fealty to Private Equity

CalPERS, an Anatomy of Capture by Private Equity

Financial Times Joins the Party on CalPERS (and Links to Naked Capitalism)

WSJ’s “Carried Interest” Comic Strip Mocks CalPERS

Fortune’s Dan Primack Takes Up CalPERS’ Private Equity Scandal, Calls Head of Private Equity “Factually Wrong”

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