Posts Tagged: Buenrostro

News

CalPERS and Villalobos: The end of private equity’s ‘golden years’

The apparent suicide last week of Alfred Villalobos, who faced a bribery trial next month, is a sad end for a former CalPERS board member paid more than $50 million by firms seeking money from the big pension fund. Most of his fees came from private equity firms during the years leading up to the financial crisis in 2008. Some call the period private equity’s “golden years,” when leveraged buyouts of corporations yielded huge profits.

News

Fleshing out the CalPERS scandal

After former CalPERS chief executive officer Fred Buenrostro pleaded guilty to bribery and fraud conspiracy last week, he now must earn a reduced sentence by helping prosecutors convict the man who allegedly bribed him, Alfred Villalobos.

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