US issues draft rules on private assets in 401k plans
The U.S. Department of Labor on Monday issued long-awaited proposed new rules intended to clarify how trustees can add alternative assets ranging from private equity to cryptocurrencies to 401(k) retirement plans. The measure, which is intended to ease long-standing barriers to incorporating these less liquid assets in American retirement nest eggs, follows an executive order by President Donald Trump last summer and could clear the way for alternative asset management firms to tap a large and potentially lucrative new source of capital. Shares...
