This Burkle guy just can't seem to stay out of the news lately.
I wonder if Pellicano ever did any work for him.
"Meanwhile, the workers whose pensions have been invested in Yucaipa are getting a terrible deal.
According to CALSTARS, California teachers have already committed $61.9 million of the $150 million that they promised Yucaipa. As of last March 31, three years after the venture started, they'd seen a grand total of $837 come back to them.
Overall, the rate of return since the funds launched have been a loss of 12.1 percent.
CALPERS has not done much better. After pouring more than $116 million into various Yucaipa ventures since 2002, it's seen a return of $55,963.
AT the same time, Yucaipa is also collecting hefty fees for managing the pension funds' investments — more than $3 million a year from CALPERS, and $3.5 million a year from the New York Common Retirement Fund."