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The Essential

Private Equity Firms Could Face More Litigation as They Push into Retail 

TAMU’s William Magnuson and Oxford’s Ludovic Phalippou argue that misleading metrics and opaque fees pose “significant litigation risks when ordinary investors enter the picture.”

Beliefs, Not Empirical Evidence, Have Driven the Boom in Alternatives, According to New Academic Research

U.S. pensions put 30 percent of their portfolios in alternatives in 2021, up from 9 percent 20 years earlier.

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PBGC Says It’s Not Obligated to Guarantee Annuities After PRT. This Law Firm Disagrees.

Ivins, Phillips & Barker calls the federal government’s argument for (quietly) reversing its 1981 position a decade later “skimpy” — and worth contesting in court.

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