The campaign to push private equity into America’s 401(k) plans has largely been driven by Wall Street lobbyists, consultants, and asset managers. What has been missing has been an independent academic critique.  That gap is starting to disappear. First the outstanding analysis recently published by the NYU Stern Center for Business and Human Rights,  https://bhr.stern.nyu.edu/quick-take/part-1-the-labor-departments-proposed-401k-rule-protects-private-equity-not-retirees/    … Continue reading More Academics Oppose Private Equity in 401(k) – Clayton and de Fontenay