Private equity firms are set to benefit from a recent executive order by Donald Trump that could open up $29 trillion in Americans’ retirement savings for investment. The order directs the Secretary of Labor to review 401(k) regulations, potentially paving the way for private asset managers to access significant assets. This move could have far-reaching implications for the financial industry and presents a new opportunity for private equity to tap into a massive pool of funds.
Source: Forbes
Author: Hank Tucker
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