Tag: alternatives
What is the Labor Department thinking? The U.S. Department of Labor (DOL) just rescinded 2022 guidance that discouraged fiduciaries from including cryptocurrency options, such as bitcoin, in 401(k) retirement plans. DOL said that it was just taking the agency’s thumb off the scale and was “neither endorsing, nor disapproving of” fiduciaries who decide to includ…
Alternative investments do not appear to have helped state and local pension portfolios. My co-authors – JP Aubry and Anqi Chen – and I have been laughing at ourselves over a recent brief. We were concerned that our topic and findings were explosive! So we had it reviewed by everyone under the sun, and st…