Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Retail customers become the last resort for asset managers when investments are shunned by institutional clients. Private capital asset classes, including private equity and venture capital funds, have underperformed to the point of embarrassment. Retail investors are going to share in the institutional investors’ disappointment. President Trump will be signing an executive order that will inflict private equity funds on 401(k) plans.
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