U.S. President Donald Trump is anticipated to sign an executive order soon that aims to help make private market investments more available to U.S. retirement plans, the Wall Street Journal’s Miriam Gottfried, Dylan Tokar, and Matt Wirz report, citing people familiar with the matter. The executive action would instruct the Departmtent of Labor and SEC to provide guidance to employers and plan administrators on including investments such as private assets in 401k plans, the authors note. Publicly traded companies in private equity and wealth management include KKR (KKR), Carlyle (CG), Blackstone (BX), BlackRock (BLK), and Apollo (APO).
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