Things I Worry About (18): Executive Orders, Private Funds, and Fiduciary Standards (4)
Key Takeaways The Trump administration has issued an Executive Order about facilitating 401(k) investments in “alternative assets,” which includes private funds. The Order directs the Secretary of Labor to examine current guidance and decide if it is appropriate for that purpose. The Order also directs the Secretary of Labor to issue guidance to clarify fiduciary […]
Things I Worry About (12): Private Funds and 401(k) Plans
Key Takeaways The private fund industry is making inroads into 401(k) plans—attracted by the assets in those plans. The Trump administration has indicated that it will reduce the requirements for retail investors to invest in private funds (e.g., by lowering the accredited investor and qualified purchaser thresholds). It seems likely that private fund investment options […]