How are you? And what have you got for us

today? I'm fine, George.

Nice to be here.

Today, I've got a brief discussion about a report put out by Neuberger Berman in early 2025.

Neuberger Berman is a large investment manager based in the US with over half a trillion dollars in assets under management.

And they put out a illustrative, you could say, report in early last year that discusses the potential benefits of putting alternative investments, aka private investments, into 401k plans.

And similar to other firms that have put out similar research, they do similar things.

And very underwhelming.