DOL encourages use of private equity funds in retirement plans Investor advocates warn high-risk, high-fee investments could harm savers

Investment News – In a story about the Department of Labor recommending retirement plans invest in private equity, Healthy Markets Executive Director Tyler Gellasch is quoted saying “The DOL should have been more cautious about opening the door to private equity’ and “The pension and retirement community’s track record with private equity has been mixed at best, The fees and risks associated with investments in private funds compared to public funds may be very significant. It’s frankly the exact opposite direction I would hope the DOL would be taking to protect the retirement funds of millions of Americans.” (Full Story).