Private Equity Firms Celebrate Trump’s Executive Order Giving Them The Keys To Retirement | NYGazet

Private asset managers have been tantalized for years about the $29 trillion in Americans’ retirement accounts. Donald Trump just made it easier for them to get a slice.

Donald Trump directed his Secretary of Labor Thursday to reevaluate past guidance on 401(k) regulation in a win for private equity that could unlock trillions in assets. Getty Images President Donald Trump signed his long-awaited executive order pavi... [6364 chars]