Private Markets for the Masses: Private Equity Comes for Your 401(k)
Private equity fought for two years to get into 401(k)s. Its own retail funds returned half the S&P 500 in 2025 while charging 100x the fee of an index fund.
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Carried Interest: The Most Defended Loophole in American Tax
Carried interest lets fund managers pay 23.8% instead of 40.8% on their pay. Every president since Obama has promised to end it. Here’s why it never dies — and what new IRS data says it actually costs.
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Hedge Funds and Private Equity: The Other Engine of Modern Finance Wealth
How hedge funds and private equity actually make money — 2-and-20, carried interest, and how partners turn a fund into a personal fortune. Plus whether the model still works.
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Alternative Assets: Investing Beyond Stocks and Bonds
US family offices now hold 54% of their portfolios in alternatives — private equity, real estate, private credit, hedge funds, art, farmland. A clear look at how it works.
