In the U.K., for example, pension funds hire specialized investment managers to invest on their behalf, with fund trustees unable to participate in the day-to-day management of the fund, Kerrin Rosenberg, CEO of U.K.-based pension management firm Cardano Investment, which is unrelated to the blockchain, told CoinDesk. Source link … [Read more...] about Pension Funds Wade Gingerly Into Crypto Investments
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South African Pension Funds to Be Banned From Crypto Investment, Draft Rules Indicate
The South African government defines a crypto asset as any digital representation of value “not issued by a central bank, but is capable of being traded, transferred or stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility; applies cryptographic techniques and uses distributed ledger technology.” Source link … [Read more...] about South African Pension Funds to Be Banned From Crypto Investment, Draft Rules Indicate
Millions of Swedish savers have exposure to Bitcoin via state pension fund
Almost 5 million Swedish savers have, largely without knowledge of it, indirect exposure to Bitcoin (BTC) via the default government alternative to private savings options on the country’s private pension market. According to local crypto site Trijo News, at least two companies in which the Swedish state pension fund AP7 Såfa owns shares have invested in Bitcoin. Firstly, 0.09% … [Read more...] about Millions of Swedish savers have exposure to Bitcoin via state pension fund
Pension funds and insurance firms alive to Bitcoin investment proposal
Life and annuity companies are increasingly dedicating part of their asset base to Bitcoin (BTC). While the top crypto has delivered the best returns over the past decade, the long-talked-about institutional herd seems to be finally making its way to the BTC market.During the bear market of 2018, Bitcoin developmental efforts from multiple stakeholders seemed to focus on … [Read more...] about Pension funds and insurance firms alive to Bitcoin investment proposal