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Rajib Chanda Quoted in FundFire on Growth of Private Alts Strategies in Defined Contribution Programs
12.16.21
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Corporate Partner Rajib Chanda was quoted in a FundFire article titled, “Real Estate Managers Target 401(K) Plans for Asset Growth.” The article addressed how real estate fund managers are continuing to see more potential to grow assets in defined contribution programs, especially as there are continuing to be more products designed for use in 401(K) plans and movement from DC plan administrators to add alts strategies to their allocation mix. When describing a recent Department of Labor guidance outlining how plan administrators can incorporate such assets into their programs, Rajib explained that while it was a helpful piece of guidance and largely confirmed advice industry lawyers have given for years, it was “…less seismic and more uncertain than people have characterized.” “The DOL didn’t grant a safe harbor,” he further explained.
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