US fund managers support 401(k) access to alternatives

Fund managers in the US are championing a proposal that would let 401(k) plan holders diversify their retirement savings by investing in alternative assets like private credit and cryptocurrencies. This move could offer retirement savers more investment options, potentially leading to better risk management and higher returns. Given the current low-interest-rate environment, this could be a significant shift in retirement planning strategies, pushing for more innovative investment opportunities beyond traditional stocks and bonds.