(HedgeCo.Net) The private markets industry has spent the past decade expanding from institutional portfolios into wealth management. Now it is aiming at an even larger prize: the defined contribution retirement system.
AllianceBernstein, Brookfield, and Carlyle’s new collaboration to bring private-market exposure into 401(k)-style retirement plans is one of the clearest signs yet that alternative asset managers are preparing for a major structural shift in American retirement investing. The i...
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