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But we saved everything 🙂.
Private equity has delivered annual returns of over 15 percent since 1984, surpassing about 12 percent for the S&P 500. Matt Wallace highlights that government pension funds have allocated a third of their assets to these investments.
However, Wallace points out the debate around allowing 401(k) savers access to private equity. Referencing comments from U.S. Senator Elizabeth Warren, he notes concerns that extending such access could put retirement savings at risk.
Wallace has previously questioned why 90 million Americans face limited investment choices, noting that most support broader worker access to alternatives such as private equity. In a separate instance, he accused Coinbase of working against a key crypto bill it had publicly supported in the U.S. Further debate continues around expanding ordinary investors' access to non-traditional assets.