Vedder Price Shareholder Joseph M. Mannon was recently quoted in a Citywire article on President Donald Trump’s executive order aimed at expanding access to private assets in defined contribution (DC) retirement plans. The article discusses how even with the executive order, various regulatory agencies still need to offer guidance to make alternatives in 401(k)s available to scale.
Mr. Mannon observed the complexities in offering hedge funds and private equity in 401(k)s, and discussed the necessary modifications of SEC regulations to make it work.
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