Opening the Gate: A Brief Review of the DOL’s Proposed Rule on Alternatives in 401(k) Plans and Revisiting CAIA’s Position
The U.S. Department of Labor has issued a proposed rule creating a safe‑harbor for fiduciaries that add private‑equity, credit, real‑estate and digital‑asset alternatives to 401(k) and other defined‑contribution plans. The rule, prompted by an August 2025 executive order, outlines six fiduciary factors—performance, fees, liquidity, valuation, benchmarks and complexity—and requires alternatives to be offered through pooled vehicles like target‑date funds. A 60‑day public comment period is open, and the CAIA Association urges sponsors to pair regulatory clarity with rigorous education, due diligence and participant‑focused communication.
A CAIA Mini Course: A Real Estate Focus on the Crypto Tokenization of Real Assets - Part Two
The article outlines the end‑to‑end process for tokenizing real‑estate assets, breaking it into six distinct stages from design and legal setup through issuance, trading, ongoing operations, corporate actions, and eventual retirement. It emphasizes that each phase requires careful technical and...
No Exit, No Problem? How Asset Owners Can Tame Illiquidity Risk
The share of private‑debt, infrastructure and other illiquid alternatives has surged among institutional and wealth‑management portfolios, driven by regulatory changes and the search for higher risk‑adjusted returns. However, the absence of deep secondary markets and stale pricing creates cash‑flow uncertainty,...
Is Quantum Technology the Next Great Alternative Asset?
The article evaluates quantum technology as an emerging alternative asset, emphasizing public‑market exposure over private‑equity deals. It notes that pure‑play quantum stocks such as D‑Wave, Rigetti, IonQ and Quantum Computing Inc. exhibit high volatility and limited near‑term cash flows, while...