Wrong Way CalPERS: Dumping $6 Billion of Private Equity After Struggling to Put Money to Work and Then Increasing Target
CalPERS is trying to do something more obviously nonsensical than usual.
Read more...Category Archives: Private equity
California Suit Takes Aim at Private Equity Engaging in Illegal Practice of Medicine by Owning Outsourced MD Practices
An important new suit targets a central and not even well disguised private equity abuse: illegally practicing medicine via owning MD groups.
Read more...Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation
CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.
Read more...Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing
CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.
Read more...Endowments’ Money Management Destroying Value Demonstrates Economic Drain of Asset Management Business
How endowments, the supposedly best and brightest fiduciaries, are destroying value.
Read more...Satyajit Das: Fintech’s ‘Flim-Flam’ Innovation Games
Not surprisingly, fintech looks like a variety of old scams in new bottles.
Read more...Finance Group Fails To Deliver at COP26
Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.
Read more...An Increase in Interest Rates Would Be An Act of Class Warfare
While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.
Read more...CalPERS Continues to Violate Law Via Secret Board Discussions; Upcoming Monday Illegal Secret Placement Agent Review Raises Concerns About Bribery
A previous CalPERS CEO went to prison for taking bribes. CalPERS is now illegally hiding the type of fees that generated those bribes.
Read more...SEC Chair Gary Gensler, Ever So Politely, Signals Intent to Cut Private Equity Grifting Way Back
SEC chair Gary Gensler puts private equity in his crosshairs. Will he fire?
Read more...Emergency Room Doctors’ Lobbyist Admits to Large-Scale Medicare Billing Fraud by Members, Criminal Corporate Practice of Medicine by PE Firms
Private equtiy stealing from babies…um, oldsters….um, Medicare. Who’d have thunk it?
Read more...Smear Campaigns Work: Pro-Transparency Board Member Margaret Brown, Candidate Tiffany Emon-Moran, Both Lose CalPERS Board Election
The California public employees unions that have bizarrely made clear that they are firmly on the side of having CalPERS continue to be poorly run have gotten their way. Pro accountability, pro-transparency board member Margaret Brown, and Tiffany Emon-Moran, who was challenging incumbent and staunch staff David Miller, were both defeated in this year’s board […]
Read more...Jared Holst: Rolling with the Holmies
Bad enough that Elizabeth Holmes could conceivably wriggle out of a conviction. Even if she loses. we’ll have to endure her “Holmies”.
Read more...For-Profit Charter Schools Provide an Entryway for Private Investors to Exploit Public Education
An in-depth study of how investors in charter schools loot the businesses, and students predictably lose out.
Read more...Direct Contracting Entities: The Latest Scam to Privatize Medicare
Direct Contracting Entities are another scam from the usual suspects. Please sign the petition at the end
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