CalPERS board members and staff have violated state conflict of interest rules to a degree that appears to be criminal.
CalPERS' new PE business model embodies major corporate government flaws-- yet another reason to question Marcie Frost’s competence as CEO.
CalPERS CEO Marcie Frost is totally out of her depth, but as drowning people often do, she'll pull other people down to save herself. In this case, it's the CalPERS board.
CalPERS CEO Marcie Frost continues to damage her already-tarnished name by flogging a hare-brained private equity "new business model" for which she cannot provide a coherent justification.
Grocery chains as yet another example of private equity looting, and what policymakers should do to stop that.
The remarkable tale of the biggest private equity fund insolvency evah, Abraaj.
Toys 'R' Us will be back, albeit in a skinnied down form.
Once again, some Uber and Lyft data that ought to generate more questions instead gets a free pass from the press.
Yet more data confirming that private equity is not what it is cracked up to be unless you do it in house.
PE firms are paying prices at the peak of the market, amid ceaseless complaints that there isn’t enough inventory of homes for sale,
CalPERS is about to take another great leap backwards in private equity.
Oxford professor Ludovic Phalippou gives a decisive debunking of the claim that private equity outperforms.
Not surprisingly, action in the wake of private equity investors Bain, KKR and Vornado stiffing Toys 'R' Us workers of their severance have generated more press than restitution. But some of the ideas bruited about would have real teeth.
Beware of the private equity "innovation," the long-lived or "permanent capital" fund. It is virtually guaranteed to short change investors on returns needed to compensate for the longer holding period.
A leaked memo written for CalPERS by Silicon Valley attorney Larry Sonsisi not only reflects poorly on him and CalPERS, but also validates concerns about corruption.
CalPERS, in a desperate-looking defense of its private equity outsourcing scheme, scores an own goal.
McKinesy and CalPERS appear to be kidding themselves at least as much as the general public on the subject of private equity.
Toys R Us stores will shutter this month: private equity firms killed the company, and its workers are left with no severance.
CalPERS gets more thumbs down on its new private equity gimmick.
CalPERS' Chief Investment Officer Ted Eliopoulos seemed unable to offer a truthful, coherent rationale for two new private equity schemes he unveiled last Friday. CalPERS beneficiaries and California taxpayers should be worried.