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401(k) Industry Pushes for DOL Rule Clarity on Collective Trusts

The Department of Labor’s lack of detail on collective investment trusts in its proposal to ease the inclusion of cryptocurrency, private equity, and other alternative assets in 401(k) plans has sparked pushback from attorneys and retirement industry groups.

NYC Focuses on Hedge Funds in Tax Audits of Carried Interest

New York City’s finance arm has stepped up audits of hedge funds and private equity firms, challenging tax arrangements that shield millions in business revenue from city coffers, according to three tax attorneys privy to these closed-door reviews.

Matt Levine’s Money Stuff: Synthetic IPO Pops

On the SpaceX IPO< All in all, this is an excellent trade; there are not a lot of trades that offer fairly reliable 20% one-day returns. And so the main problem with this trade is that nobody wants to let you do it.

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