Private equity assets under management are higher than they've ever been – estimated at $3.5 trillion – but their role in retirement funds is quickly coming into serious question.
These questions center on the funds' opacity, risk and the often enormous fees guaranteed to fund managers no matter how they perform.
Regulators, politicians, unions, trustees and plaintiffs' attorneys across the country all seem to have turned their attention to potential shenanigans in private equity.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
