Trump administration takes next step to open US retirement pots to investing in private equity
Labour department rescinds Biden-era guidance that curtailed PE investment in 401K funds
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Allowing 401ks to invest in private markets is a bad move at a bad time
The move might help asset managers but hurt savers and the economy more broadly
Private credit’s game of footsie is getting riskier
Stronger guardrails are needed before these funds seep into the $9tn US retirement market
Retail investors should stay away from private funds
Individuals should be wary of the Trump administration’s plans to broaden the access to the asset class