Tag "CalPERS"
Back to homepageSEC charges Chicago-based investment adviser with defrauding CalPERS
April 18, 2013 By Josephine Djuhana The SEC released a statement today, charging Chicago-based investment advisory firm Simran Capital Management with lying to CalPERS regarding the amount of money managed by the firm. The president and sole owner of the
Read MoreCalifornia government as organized looting, chapter 237
April 5, 2013 By Chris Reed The longer I’ve lived in California, the more governance here seems to resemble organized looting of taxpayers. It’s not just the showy and ridiculous things, like the longtime president of the CalPERS governing board
Read MoreBankruptcy judge rejects CalPERS’ claim to protected status
April 3, 2013 By Chris Reed As John Seiler pointed out here Tuesday, Monday’s court ruling by U.S. Bankruptcy Judge Christopher Klein isn’t seen as definitive. Yes, the city of Stockton can proceed with its bankruptcy filing. No, Klein doesn’t yet
Read MoreSteve Maviglio, pension sage: Why it’s a laughable spectacle
April 2, 2013 By Chris Reed Steve Maviglio, a leading consigliere to top Sacramento Democrats for more than a decade, now regularly pretends to a new role. Even though he’s on Speaker John Perez’s payroll, Maviglio offers himself up on
Read MoreCalPERS boss: Losses on ‘cleantech’ bets are ‘noble’
March 23, 2013 By Chris Reed It’s not just President Barack Obama and Gov. Jerry Brown who have drank the green Kool-Aid and bought into the idea that “green” jobs and energy can be America’s economic salvation. It’s also that
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How to overfill prisons: Have SEC look at CA school districts
March 20, 2013 By Chris Reed The federal indictments this week of CalPERS’ former president and his alleged briber show that the federal government does occasionally notice the outrageous behavior of our state government. But what about the Securities and
Read MoreCA Dem lawmakers figuring out something rotten in CalPERS
March 19, 2013 By Chris Reed On Monday, the day that finally saw criminal charges filed over CalPERS’ brazen pay-to-play bribery scheme, there were signs that some Democratic state lawmakers finally are figuring out that believing California’s pension status quo
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Train agency ‘raids’ CalPERS for exec talent: Oy vey!
March 6, 2013 By Chris Reed When the press release came out Monday that the California High-Speed Rail Authority had recruited a top executive away from the California Public Employees’ Retirement System, a Tweet from former Los Angeles Times journo
Read MoreOutrage at CalPERS’ 85% rate hike for long-term care
Feb. 20, 2013 By Dave Roberts When tens of thousands of state employees signed up for the California Public Employees Retirement System‘s long-term care insurance plan as it was first offered in 1995, they thought they were doing the prudent
Read MoreScandal ‘boring’? Arrogant Jerry Brown drinks his own Kool-Aid
Feb. 6, 2013 By Chris Reed Sacramento is still buzzing over a bizarre and obnoxious scandal in which state parks officials hid $54 million while pressing to close 70 parks, and along comes another scandal in which Cal Fire hides
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