Tag: private equity

Graphs and stock market tickers laid overtop each other

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 broad group of investors – most importantly trustees of defined benefit plans –…

Business trader team doing blockchain analysis inside hedge fund office

The Department of Labor should revisit its June 3, 2020 letter. It’s always embarrassing to learn stuff about U.S. retirement policy from foreign correspondents, but that happens sometimes.  Apparently on June 3, 2020, the U.S. Department of Labor (DOL) issued an information letter opening up the opportunity for private equity investments in 401(k) plans.  T…