Financial Times and Stanford Business School Describe How Private Equity Investors Like CalPERs Act Like the Dumb Money They Are

In a bit of synchronicity, we have two accounts that describe different aspects by which private equity limited partners, such as public pension funds like CalPERS, private pension funds, endowments, life insurers, and sovereign wealth funds are all cheerfully fleeced by private equity fund managers, which in the trade are called “general partners”. The Financial […]

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McDonald’s to test drinks inspired by CosMc’s

Something Bold (and Delicious) is Brewing at McDonald’s: A First Sip into the Future of Beverages Courtesy: McDonald’s McDonald’s said Thursday it is planning to test new coffee drinks, refreshers and flavored sodas at more than 500 restaurants later this summer, hoping to cash in on younger consumers’ love for fun, colorful drinks. “We’re seeing

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Family office deals have fallen in 2025 as investors wait for clarity

Key Points Private investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix. Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking abroad. Family office experts told CNBC that firms have

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Adams Asks Feds to Probe Conditions at Designed-to-Evade Supervision ICE Lockup in Manhattan

Yves here. Even though a New York City story might seem a bit parochial, ICE, which has announced plans to “flood” the Big Apple, is also implementing detention conditions designed to evade oversight. Recall that per statute, Congresscritters have the right to enter ICE detention centers to see if conditions are adequate and potentially speak

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The Incredible Impact of Ozzy Osbourne, from Black Sabbath to Ozzfest to 30 Years of Retirement Tours

Yves here. It’s so out of character for a stodgy venue to run a post on a popular music artist that it seemed worth following suit by reposting it to commemorate Ozzy Osbourne’s death. I have to confess to not knowing his work, but a close colleague (like some readers) was, and even managed to

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