Hedge fund managers claw an awful lot in fees out of their investors but the reasons look to be different than for private equity.
Thursday, November 6, 2025
How CalPERS Staff Keeps the Board in the Dark About Compliance Problems
CalPERS has long covered up its dirty linen, including by making uninformative presentations to the board.
2:00PM Water Cooler 9/2/2020
~ Today’s Water Cooler ~
Are Riots Counterproductive, and Who Decides?
Riots and street violence are often blamed for producing a political backlash, but the real picture is more complex.
Journey into a Libertarian Future: Part IV – The Journey into a Libertarian Past
The libertarian justification of hierarchies and expropriation of land.
Fauci Says COVID Vaccine Trials Could End Early If Results Are Overwhelming
The FDA’s eagerness to launch a Covid-19 vaccine is not a way to win public trust, particularly in light of the agency’s record of bad calls.
Influential CalPERS Retiree Group Demands Resignation of Board President Henry Jones; Calendars Confirm Secret “Board Within Board” Abuse
CalPERS governance has become so visibly defective that a normally loyal retiree organization has gone into revolt.
2:00PM Water Cooler 9/1/2020
~ Today’s Water Cooler ~
Could Religious Exemptions Trump a COVID-19 Vaccine Mandate? Well, That Depends
How far could US authorities readily go in implemeting a vaccine requirement?
Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy
The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
Teachers Strike Authorization Vote Looms as Union and City Launch Last-Ditch Safety Talks
Teachers are going down to the wire with a strike threat in New York City over their assessment that planned Covid protections are inadequate.
CalPERS Misappropriates Funds, a Violation of the Criminal Code, By Laundering $40,000 Speaker Fee Through Randle Communications, a Nearly $500,000 a Year Advisor to Marcie Frost
CalPERS is not only hiring overpriced motivational speakers it can’t afford, but it is also cooking its records to do so.
Don’t “Trust the Science,” Trust Science While You Hone Your Critical Thinking Skills
What do we mean, “the” science?
