Financial Firms Want Tweaks but Are Happy With DOL Alternative Assets Rule

Also, housing advocates speechless at Pulte's new intelligence gig; Tarullo and Quarles debate merits of Fed supervision; Bessent poaches chief of staff from OCC

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Asset managers have pushed the Department of Labor for years to open up 401(k) plans to hedge funds and private equity. Now that firms have digested the agency’s late March proposal, they have a few quibbles with the fine print. But the big p…