Grove Street Advisors, a consultant firm, has committed $2.9 billion of CalPERS' money into 150 venture capital funds. CalPERS has so far resisted the release of the financial performance of those funds -- which are among the worst performing and most risky.
Many of the managers of the 150 VC funds have donated money to the campaigns of the two publicly elected officials -- state Treasurer Phil Angelides and Controller Steve Westly -- who have seats on the CalPERS board by virtue of their state positions.
Hmmmm?
3 posted on
02/16/2003 9:23:38 PM PST by
NormsRevenge
(Semper Fi)
To: NormsRevenge; *calgov2002; snopercod; Grampa Dave; Carry_Okie; SierraWasp; Gophack; RonDog; ...
Is a newspaper in California actually going to do some muckracking?
Perhaps there is hope!
calgov2002:
4 posted on
02/16/2003 9:26:36 PM PST by
Ernest_at_the_Beach
(Recall Gray Davis and then start on the other Democrats)
To: NormsRevenge
No mention of Willie Brown in this!
Hmmm!
5 posted on
02/16/2003 9:29:19 PM PST by
Ernest_at_the_Beach
(Recall Gray Davis and then start on the other Democrats)
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