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0 -0.0013483146067415 0.00071910112359549 0.00112359550561798 -0.000988764044943815 0.00152808988764046 0.00152808988764046 0.00152808988764046
Stock impact report

Trump admin proposes opening 401(k)s to private equity, crypto [FOX Business Network]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
The Trump administration on Monday issued a proposed rule to allow retirement plans to offer alternative assets like private equity and cryptocurrencies as part of the investment options in 401(k) accounts The Labor Department's rule aims to ease longstanding barriers to incorporating alternative assets into retirement plans and follows an executive order signed by President Donald Trump last summer on the subject. Advocates for the rule change argue that including alternative assets in 401(k) plans can help foster better long-term returns and make diversification easier. Skeptics note that alternative assets can be less liquid, more complex and have higher fees, which can limit gains while also introducing risk. Under the proposed rule, plan fiduciaries would have to objectively, thoroughly and analytically consider and make determinations about performance, fees, liquidity, valuation, performance benchmarks and complexity. Trustees who abide by those rules will be granted saf Show less Read more
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