The smart money has cashed out big from these trendy funds. Now managers want the rest of us to buy in. - MarketWatch
1. Vanguard aims to enhance retail access to private equity investments. 2. Large investors often transform niche markets before retail involvement. 3. Current private equity outlook is pessimistic, according to institutional leaders. 4. Private equity ETFs have underperformed compared to broader market ETFs. 5. Investors should watch out for hidden management fees in new offerings.