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Payrolls across California rise, give whiff of hope

With state unemployment figures hitting a modern high of 12.5 percent in October, job seekers attend a career fair Friday in Long Beach. On an encouraging note, state payrolls grew last month. California's job market started to come out of hibernation ...

From DALE KASLER, Sacramento Bee,  21 Nov 2009

Related Topics: Mark Lynch,  Census Bureau,  Bureau of Labor Statistics

CalPERS chief weighs public reprimands

CalPERS' president, promising to clean up an influence-peddling scandal at the big pension fund, raised the prospect Wednesday of publicly reprimanding board members and employees who violate ethical standards. "We won't let the actions of a few stain ...

From DALE KASLER, Sacramento Bee,  19 Nov 2009

Related Topics: Andrew Cuomo

Wells Fargo to refund $1.4 billion to small investors who bought risky bonds

Wells Fargo & Co. agreed Wednesday to refund up to $1.4 billion to investors who purchased risky securities that were advertised as safe as cash. Half of the nationwide settlement, which is generally reserved for smaller investors, will go to ...

From DALE KASLER, Sacramento Bee,  19 Nov 2009

Related Topics: Wells Fargo,  Jerry Brown,  Financial Institutions, Inc.

Sacramento insurance agent accused of running Ponzi scheme

A Sacramento insurance agent Monday was accused of running a $4 million-plus Ponzi scheme, squandering the money on ludicrous investments while buying himself fancy cars and homes. Authorities said William Arthur Sassman II even invested customers' ...

From DALE KASLER, Sacramento Bee,  17 Nov 2009

Related Topics: Jerry Brown,  Ferrari

CalPERS committee tightens disclosure policy on investments

CalPERS today moved to tweak its disclosure policy on placement agents, the middlemen who pitch investment deals, but deferred taking even stronger action. The big pension fund's investment committee approved a staff proposal to tighten a disclosure ...

From DALE KASLER, Sacramento Bee,  16 Nov 2009

Obituary: Marc Blanchard taught comparative literature at UC Davis

Services: Jan. 7 from 4 to 6 p.m. at AGR Hall in the UC Davis Alumni & Visitors Center. Marc Blanchard, who fled war-torn Europe as a child and became an internationally known comparative literature scholar at the University of California, Davis, has ...

From DALE KASLER, Sacramento Bee,  16 Nov 2009

Related Topics: University of California,  US State Department

CalPERS realty deals and image take a beating

Oscar Barahona and his family, including son Jose, 7 weeks, live in an apartment complex in East Palo Alto in which CalPERS invested. He and other tenants have faced steep rent increases and are worried about losing their lodging. Stuyvesant Town and ...

From DALE KASLER, Sacramento Bee,  16 Nov 2009

Related Topics: Peter Cooper,  United Nations,  Wells Fargo,  Tishman Speyer Properties,  BlackRock, Inc.

CalPERS president endorses overhaul

Using blunt language to address a growing scandal, CalPERS' president Wednesday urged his board to support legislation designed to curb the role of placement agents marketing representatives who seek investment dollars from CalPERS and other public ...

From DALE KASLER, Sacramento Bee,  12 Nov 2009

Related Topics: John Chiang,  Bill Lockyer,  Arnold Schwarzenegger,  Jerry Brown,  Securities and Exchange Commission

Powerful clients boost ex-board member's career hawking investments to CalPERS

Placement agents are hired by investment firms to help market investment proposals to public pension funds such as CalPERS. Agents generally work on commission, usually earning 1 percent to 2 percent of the investment. THE WORLD OF ALFRED J. ...

From DALE KASLER, Sacramento Bee,  11 Nov 2009

Related Topics: Securities and Exchange Commission,  Jerry Brown,  Andrew Cuomo

Legislation would rein in pension fund 'placement agents,' sources say

Top California officials, responding to media reports about possible outside influence on CalPERS' investment decisions, are formulating legislation to tighten controls on so-called placement agents and restrict their fees. Sources said the ...

From DALE KASLER, Sacramento Bee,  7 Nov 2009

Related Topics: John Chiang,  Bill Lockyer

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