Alex Richwine

2 weeks ago | cepr.net | Data Bytes |Eileen Appelbaum |Alex Richwine |Dean Baker

It’s no secret that the private equity industry wants to get into the personal retirement business. The investment giant BlackRock is pledging to “open up private markets to millions of everyday investors.”BlackRock president Larry Fink claims the company wants to give ordinary people access to risky assets and high returns. Risky assets? Yes. High returns? Well, let’s ask the sophisticated investors at the nation’s largest university endowment funds how that worked out.