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whenever I see headlines like this, I always think: great opportunity for someone to create transparent trusts then? am I super biased or fully drank the Kool aid if I believe entrepreneurs are the solution to many of society's ills?
> The worry is that vital investor protections are being sacrificed in pursuit of lower costs and lesser oversight. Those concerns are likely to grow as CITs look set to become the go-to vehicle to add more private market exposure to retirement plans. The Trump administration is laying the groundwork for 401(k) investors to get easier access to assets that don't trade regularly, like real estate and private equity. >…
Defined benefit pensions are the perfect vehicle for corruption, and taxpayer funded ones 10x so.
How so? Defined contribution allows you to put in more than you get out. I don't contest the taxpayer-funded part.
Why would an investment manager choose a CIT over an ETF? I can't help but think there's additional fees being collected somewhere. To adapt a popular phrase to personal finance, "If you don't understand the product, you are the product."