At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Tag: private equity
Alert of higher fees charged comes as Department of Labor clears way for PE in 401(k)s.
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.
Prospects for exits, money-raising, and new deals dim amid the scary economic slide.