Category Archives: Private equity

Law Review Article Describes Private Equity as Bargaining Failure, Indictment of Law and Economics Fetishization of Contracts

An important new paper puts another big chink in private equity’s armor.

Private Equity Now Buying Up Primary Care Practices

Private equity is doing yet more damage to heath care as it buys up primary care practices en masse.

Quelle Surprise! New Study Confirms that Public Pension Funds Use Flattering Benchmarks to Hide Failure to Beat Simple Indexing; CalPERS Is a Case Study

Documenting yet another way public pensions funds lie to themselves and their many constituencies about their performance.

California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations

CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.

Biden Administration Issues Interim Rule Barring Surprise Billing

The health care grift knows as surprise billing is about to be largely stamped out.

Australian Funds Take Aim at Private Equity by Moving to Do Deals in House

More challenges to private equity firms, now from super sized Australian “super” funds who are bringing PE in house.

Private Inequity: NYT Examines How the Private Equity Industry Avoids Taxes

Comprehensive NYT story examines how the private equity industry games the tax system, while the hapless IRS stands on the sidelines.

Decisions Finally Coming in Long-Running Battle with Hedge Fund Titans in Kentucky Pension Case, Mayberry v. KKR

Mayberry v. KKR, centering on the alleged abuse of the clueless Kentucky Retirement Systems by Wall Street titans, may finally restart.

California Bill Seeks to Prevent Hospital Administrators from Practicing Medicine Without a License

An important vehicle for doctors to take back control by keeping administrators from playing at medicine has oddly stayed under the radar.

Plaintiffs in Kentucky Retirement System Pension Case Expose Flagrant Corruption in Hiring of Tainted Attorney Regina Calcaterra, Best Known for Sabotaging New York Anti-Corruption Commission

Kentucky Retirement Systems stooped low in cooking its hiring process to pick coverup artist Regina Calceterra to run an “investigation”.

Private Equity and Hedge Fund Barons Having a Hissy Over Carried Interest Grift Because Biden Isn’t Staying Bought

The end of the carried interest loophole has been long in coming. Will the sell-by date finally arrive?

Expose at Pennsylvania’s Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe

Pennsylvania pension fund PSERS is under the hot lights for pricey travel. And its explanations only confirm its capture by private equity.

LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades

Yet another nail in the private equity performance coffin.

Sick Unicorns: America’s Broken Start-Up System

Unicorn startups are even more unprofitable than those that did not achieve unicorn status.

Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses

A Biden rescue of the sickest private pension plans goes largely under the radar.