Wall Street’s biggest sales pitch is simple: Private Equity and Private Credit reduce risk through diversification. That claim is not just misleading. It is built on an accounting distortion that systematically understates risk and overstates diversification benefits. And now, with the Department of Labor’s blessing, that same flawed model is being pushed into 401(k) Target … Continue reading The Diversification Lie: How Private Equity and Private Credit Use Corrupt Accounting to Hijack Pension and 401(k) Allocations