TechFlow, July 25 — According to Bloomberg, the White House is preparing an executive order that would provide legal protections for managers of 401(k) retirement plans, allowing them to include private market funds, cryptocurrencies, and other alternative assets in investment options. Jon Gray, President of Blackstone Inc., said the leading firms in the alternative assets industry are most likely to benefit once the U.S. clears the path for 401(k) plans to expand beyond stocks and bonds. This move would bring significant changes to the U.S. retirement savings market, offering ordinary investors more diversified investment channels and potentially creating new growth opportunities for large private equity management firms.
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