Posts Tagged: firms

News

CalPERS: Tensions rise over private equity fees

CalPERS' headquarters in Sacramento. (Photo: Coolcaesar/en.wikipedia)

Calpensions: After the CalPERS staff gave the board a correction last week for providing misinformation about private equity fees, the board member who has been grilling staff on the issue walked out of a private staff meeting because he was not allowed to record it.

News

Target: CalPERS’ private equity profits

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

Calpensions: After the board was told last April that CalPERS could not track the incentive payments, known as “carried interest,” a wave of media criticism grew with stories in the New York Times late last month and Fortune magazine last week. A pension fraud investigator, Edward Siedle of Benchmark Financial Services, launched an Internet fund-raising campaign on Kickstarter to raise $750,000 for a “forensic investigation” of the California Public Employees Retirement System.

News

Top 10 lobbying firms billed more than $40 million

The 10 lobbying firms in Sacramento brought in more than $40.4 million during 2013, including more than $11.5 million during the final quarter of the year alone. The figures were listed Monday in the Capitol Morning Report, which provides detailed scheduling, employment, campaign and job information to elected officials, government employees, trade groups and lobbyists, among others.

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