"The proposed regulation is responsive to [EO 14330] and, in fact, goes beyond it by describing the criteria that apply to all investments for participant-directed plans, including both alternative assets and traditional assets. That means that fiduciaries of plans that don't include alternative investments need to pay attention to this proposal as well. Also, while the EO limited itself to allocations to alternative investments as parts of asset allocation investments and strategies, the proposal is much broader -- it covers the selection of standalone alternative investments."  MORE >>