Insights & News

George Michael Gerstein and John Hamilton Address DOL’s Guidance About Private Equity in DC Plans

September 30, 2020
Firm News
NEW YORK – Stradley Ronon Attorneys George Michael Gerstein and John Hamilton joined Grant Thornton, a leading tax and advisory firm, for a joint webcast, “Are 401(k) funds an opportunity private equity funds should pursue?” on Sept. 29. The panel discussed the pros and cons of taking in 401k plan dollars, the potential competitive advantage of including private equity for plan sponsors, and Department of Labor (DOL) guidance and structural considerations.

As co-chair of the fiduciary governance group, Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. He assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. Gerstein also advises clients with respect to the fiduciary duty implications of ESG investing. He was recently interviewed for a Rolling Stone feature article on the Trump Administration’s DOL, in which he defended the agency’s recent guidance that could grant private equity funds greater access to 401(k) plans.

Hamilton focuses his practice on private fund managers, advising on the formation and structuring of investment vehicles across a variety of alternative asset classes, including hedge funds, private equity and impact investment vehicles. He also counsels clients on related transactional and compliance matters. In addition, Hamilton represents institutional investors allocating to alternative investment funds.

About Stradley Ronon
Counseling clients since 1926, Stradley Ronon has helped private and public companies – from small businesses to Fortune 500 corporations – achieve their goals by providing pragmatic, value-driven legal counsel. With offices in eight strategic locations, our responsive team of more than 200 attorneys seamlessly addresses the full spectrum of our clients’ needs, ranging from sophisticated corporate transactions to complex commercial litigation.

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