Tag: private equity
Private equity is illiquid, has high fees, and hasn’t produced high returns for state/local plans The president just issued an executive order to encourage adding private equity and private credit — as well as other alternative investments — as options to 401(k) plans. The Department of Labor (DOL) is tasked with accomplishing this goal. Some suggest t…
The product is too opaque for most fiduciaries to perform robust due diligence. Having recently argued that Bitcoin does not belong in 401(k) plans, a reporter asked me my view regarding private equity. While private equity – unlike Bitcoin – passes the threshold test under ERISA of being a generally acceptable asset class to a…
