Law firm Cleary Gottlieb recently advised investors to wait and see how the Department of Labor and the SEC respond. “We expect to see an increase in partnerships between private funds, investment managers and traditional 401(k) platform providers,” it says. “We may also see a greater number of plan fiduciaries willing to provide participants with access to alternative assets (including private funds) through managed accounts within 401(k) plans.”An important caveat: The executive order is designed to provi ...