• Ready for the green light.


    S&P Legal Outlook Upgraded To Positive

    After writing a big ole check.

    / Feb 3, 2015 at 11:32 AM
  • Hedge Funds

    Paul Singer Finds Someone Else To Be Annoyed With

    So CalPERS thinks that hedge funds are too opaque, too complex, too expensive and just not right for it? Wrong, wrong, wrong and wrong!

    / Nov 18, 2014 at 4:29 PM
  • Hedge Funds

    If CalPERS Is Doing It, It Has To Be Good

    The California Public Employees’ Retirement System insists that it’s not firing all of its hedge funds because they aren’t worth the 2%, let alone the 20%. But its fellow pension funds, none of whom are CalPERS in terms of size or in-house capabilities, noticed a very clear nod-and-wink in their direction. And so, having followed […]

    / Oct 20, 2014 at 4:10 PM
  • Hedge Funds

    Things Still Awkward Between CalPERS, Hedge Funds

    Hedge funds might be feeling pretty down in the dumps about CalPERS’ decision to break it off with them. OK, so probably not, but the point is that CalPERS is afraid it might have hurt their feelings, and it’s been beating itself up about it. You see, hedge funds, it’s not you, it’s CalPERS. Sure, […]

    / Sep 25, 2014 at 12:52 PM
  • News

    CalPERS Not Interested In Carl Icahn’s Dinner Plans

    The giant pension fund’s corporate governance honcho, Anne Simpson doesn’t like Carl Icahn’s jerk-off plans. She doesn’t like his jerk-off Twitter account. And she doesn’t like him, jerk off. Uncle Carl had better keep his goldbrickin’ ass out of her beach community state.

    / Dec 13, 2013 at 5:26 PM
  • News

    CalPERS, Thinking Outside Of The Box Again

    The nation’s largest public-pension fund turned an investment conference into a career fair, asking attending representatives of the hedge fund industry to consider dropping it a résumé.

    / Apr 30, 2013 at 5:09 PM
  • They'll take anyone who walks in off the street, apparently.


    Chicago Hedge Fund Manager Knew He Had To Make Up Money To Make Money

    SEC enforcement orders against low-grade investment hucksters are among my favorite literary genres, full of oddball characters, devious drama, and silly names for hedge funds. Part of me wants the SEC to just issue fake enforcement orders when they don’t have any real cases – no one would know the difference, and I would read […]

    / Apr 18, 2013 at 4:31 PM
  • This is CalPERS's headquarters. Obviously we're not big fans of impersonal pictures here, so I apologize. To humanize it a bit, I'll point out that this picture is from the website of Alliance Roofing, Northern California's leading commercial roofing and waterproofing contractors, who I suppose (I hope?) put the roof on CalPERS's headquarters. (It'd be funny if they didn't though. "Here's a nice roof, let's use that one.") Contact them - their website is - for all your roofing needs.


    Don’t Do It, CalPERS!

    What is CalPERS’s job? There’s actually an answer: it’s to “Provide responsible and efficient stewardship of the System to deliver promised retirement and health benefits, while promoting wellness and retirement security for members and beneficiaries.” I suppose “the System” is defined somewhere, and blah blah blah health benefits and wellness and beneficiaries, but I prefer […]

    / Mar 26, 2013 at 3:07 PM
  • Federico Buenrostro

    Private Equity

    Former CalPERS CEO Accused Of Fraud, Definitely Innocent Of Stealing Office Supplies

    I’m just some guy, but two entities of which I have become aware in my travels are (1) Apollo Global Management and (2) CalPERS. I don’t want to endorse 100% of what either of them does – CalPERS tend to be governance-scoldy, and I’ve seen with my own eyes the withered husks of formerly personable […]

    / Mar 18, 2013 at 6:09 PM

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