Are private markets in defined contribution plans worth it? For some people, sometimes. The White House and asset managers are looking to open up private market assets in all Americans’ portfolios, not just institutional investors’. And while many advisors are cautious, citing limited liquidity, opacity and greater potential for losses, private markets could actually do some good for clients. Just don’t get too excited. Private funds may add value, albeit modest, to 401(k)s according to a Morningstar anal ...

新华财经北京11月17日电（王菁）新华财经17日从澳门金融管理局获悉，截至2025年10月底，澳门获许 可营运的金融机构数量持续增加，包括融资租赁公司、投资基金管理公司及投资银行等多种新型机构， 带动金融业务日趋多元。同时，债券市场、基金法规及金融基建等方面取得显著成效，为现代金融业注 入新动能。 债券市场互联互通投资者结构多元化 同时，金管局与中国人民银行签署备忘录，推动内地与澳门快速支付系统（FPS）实现互联互通。此 外，"数字澳门元"项目按部署稳步推进，现已完成核心系统构建工作，并在沙盒场景中开展小规模交易 测试，旨在提升数字金融基建水平。 澳门金管局还介绍称，其积极发挥澳门作为中葡金融平台的作用。今年5月，与葡萄牙保险及退休金监 管局（ASF）合办"葡语国家／地区保险监管专员协会（ASEL）监管人员高阶培训及考察活动"；10 月，赴佛得角出席"第十二届葡语国家中央银行行长会议"，并与佛得角央行签署《关于监管事务的合作 协定》，深化双边金融监管合作。 基金法规接轨国际财富管理根基夯实 为促进财富管理市场发展，澳门特区政府于今年7月颁布重新修订的《投资基金法》，该法将于2026年 起正式生效。新法旨在加强 ...

Group 1 - Perella Weinberg (NASDAQ: PWP) is a boutique advisory firm specializing in mergers & acquisitions (M&A), restructuring, capital markets, shareholder engagement, and private funds [1] - M&A is the primary revenue generator for PWP, complemented by a strong restructuring business that performs well relative to its size [1]

Core Viewpoint - Private equity funds are favored by investors for their high return potential, but the associated risks are often overlooked, highlighted by recent payment crises due to regulatory violations by several private equity firms [1] Group 1: Risk Rating of Private Equity Funds - The risk rating of private equity funds is classified into five levels (R1-R5) based on both quantitative and qualitative analyses, as per the "Guidelines for the Management of Investor Suitability in Fund Raising Institutions (Trial)" [3] - Quantitative indicators include beta coefficient, standard deviation, and Value at Risk (VaR), which measure volatility and liquidity risks [3] - Qualitative factors involve the concentration of investment targets, complexity of product structure, and special risks from related transactions, emphasizing the importance of compliance in risk rating [3] Group 2: Responding to Mismatched Risk Ratings - Investors must ensure their risk tolerance aligns with the fund's risk rating through a questionnaire that assesses their risk preference (C1-C5 levels) [6] - If the fund manager fails to conduct a substantive assessment, investors can claim a breach of suitability obligations and seek compensation [7] - Strategies for addressing mismatched products include exercising the "cooling-off period" to withdraw investments within 24 hours, negotiating adjustments to investment plans, and timely exit if there are violations such as fund misappropriation [7][8] Group 3: Legal Recourse and Investor Rights - Investors can file administrative complaints with the CSRC or the Asset Management Association of China to trigger regulatory investigations [8] - Civil lawsuits can be pursued against fund managers for breaching fiduciary duties, requiring proof of direct causation between disclosure violations and losses [8] - Effective legal actions include seeking civil compensation for breaches of suitability obligations or disclosure violations, and reporting to law enforcement for illegal fundraising or fraud [12] Group 4: Best Practices for Investors - Investors should ensure that contracts clearly stipulate disclosure obligations regarding underlying assets to avoid information blind spots [9] - Contracts should include detailed risk disclosure clauses to highlight special risks such as related transactions and reliance on single targets [9] - Maintaining a comprehensive evidence chain, including risk assessment questionnaires and recorded communications, is crucial for future legal claims [9]