Journal article
Should defined contribution plans include private equity investments
- Abstract:
- This paper evaluates the pros and cons of including private equity fund investments in defined contribution plans. Potential benefits include higher returns and improved diversification as well as a relatively safe method for accessing investments previously only available to institutions and the very wealthy. Despite these enticing benefits, they need to be weighed against potential challenges and costs that may arise from creating this broader access to private funds. The complicated structure and uncertainty around the mechanism to provide required liquidity backstops may bring increased fees or even disrupt the private fund model.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
Access Document
- Files:
-
-
(Preview, Accepted manuscript, pdf, 248.0KB, Terms of use)
-
- Publisher copy:
- 10.1080/0015198X.2022.2093604
Authors
- Publisher:
- Taylor and Francis
- Journal:
- Financial Analysts Journal More from this journal
- Volume:
- 78
- Issue:
- 4
- Pages:
- 5-17
- Publication date:
- 2022-07-18
- Acceptance date:
- 2022-06-17
- DOI:
- EISSN:
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1938-3312
- ISSN:
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0015-198X
- Language:
-
English
- Keywords:
- Pubs id:
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1264867
- Local pid:
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pubs:1264867
- Deposit date:
-
2022-06-22
Terms of use
- Copyright holder:
- CFA Institute
- Copyright date:
- 2022
- Rights statement:
- © 2022 CFA Institute. All rights reserved
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Taylor and Francis at: https://dx.doi.org/10.1080/0015198X.2022.2093604
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