But the actively managed investment
industry whose collective salaries depend on not «
getting» indexing have mounted a formidable campaign to
get a
piece of the
action of PRPPs, to the point I'm not optimistic we'll see much takeup from the thousands
of smaller employers that currently offer no pension plan at all to their workers.
As recently as a year ago, large institutional investors did not consider real estate marketplace lending as a serious
industry; now, institutions are lining up at the door to
get a
piece of the
action.