A Message From the Editor
This week, Larry Fink, CEO of BlackRock, the world’s largest asset management firm, went all in on private assets as a way to fix the retirement crisis in America, in his annual chairman’s letter to investors: “If private assets perform so well, why aren't they in your 401(k)?” he asked investors. Pension funds, which typically outperform 401(k)s, have invested in real estate and infrastructure for years, he said. He called out asset managers, consultants and advisors to guide 401(k) providers to better wealth outcomes, so “every American can retire with confidence.".
– Lynn Cavanaugh, Senior Editor, Retirement,
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