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Increasingly, dynamic, high-growth firms are staying private, closing off options for 401(k) retirement savers, but PE in 401(k)s could be problematic.

But many “artisanal” PE firms are touting themselves as specialists | Special report

Private equity firms can take a “surprisingly long time” to fully exit companies they own after taking them public — costing investors in their funds billions of dollars in fees, according to finance professors at University of Oxford and American University of Sharjah.  Many private equity managers sell down their holdings slowly following an initial public offering, in extreme cases holding stakes in companies a decade after the IPO, Oxford’s Tim Jenkinson and Howard Jones and American University of Sharjah’s Christian Rauch said in a recent paper. It takes buyout firms an avera...

The surge in US technology shares has prompted many analysts to draw parallels with the technology bubble of 1998-2000. While many of today’s hot tech stocks are at least making money, which most dotcoms weren’t, there are several similarities between the two booms.  At the height of the dotcom era, for instance, many people were quitting their day jobs to trade the stockmarket full-time as day traders. Today, the rise of commission-free trading apps, most notably Robinhood, has enticed many ordinary investors into the market, causing shares in certain firms to go haywire. One big winner...