Famed investor, who triumphed shorting the housing market in 2008, is the latest to shift into a family office, amid hard times for hedgies.
Alert of higher fees charged comes as Department of Labor clears way for PE in 401(k)s.
Lobbyist could face 10 years in prison for alleged role in touting digital asset that was purportedly superior to Bitcoin.
Investment professionals acting in their clients’ best interest can receive compensation for advice such as rollover recommendations, the agency said.
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.