The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool.
The fund's chairman, Brett Besselman, said in a first-quarter report that it was healthy with an overall rate of return of 33.7% in 2021. Houston Mayor Sylvester Turner said earlier this year that the 2017 overhaul is working well and, thanks to strong returns in 2021, has put his city's pension funds well ahead of schedule toward eliminating their unfunded liabilities.
Since 2018, the Fairfax County Employees’ Retirement System and Fairfax County Police Officers Retirement System have put money into venture capital funds that invest in blockchain and a hedge fund that seeks to harness some of the volatility inherent in the space, said Jeffrey Weiler, executive director of Fairfax County Retirement Systems. He said the goal was to invest in infrastructure that underlies blockchain technology, which managers continue to view as a high-growth area.
“We don’t own cryptocurrency, but if a company is big enough to be in an index, more than likely we own it,” Perry said.The Minnesota board may look at crypto-related investments someday just to learn about them, Perry said, “but it’s not a high priority. ... I would say we’re nowhere close to making an investment decision to move forward, but that doesn’t mean we never will.”known as CalPERS, took a tiny stake in 2017 in Riot Blockchain that grew to over $1.9 million by late 2020.
Other public funds that have taken smaller stakes include the Utah Retirement Systems, which once held a $13.2 million stake in Coinbase but doesn't anymore. The Pennsylvania Public School Employees’ Retirement System held as much as $2.6 million worth of Coinbase last summer but was down to $681,000 by the end of the first quarter, after selling most of its stake, while adding about $398,000 worth of Marathon starting in the second half of 2021.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Crypto plunge is cautionary tale for public pension fundsThe plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool
続きを読む »
Silver Linings: Crypto Scams Have Receded Alongside Bitcoin's PriceCrypto scams are looking less attractive during the bear market, leading to fewer stolen funds.
続きを読む »
VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzzCrypto price watchers are missing the forest for the trees. Amid the bear market, crypto startups are flourishing. Reporting via forgeforth_
続きを読む »
3 Best Crypto Lending Platforms: Alternatives to Celsius and Voyager | HackerNoonNexo and CakeDeFi provide crypto lending and earning product which allows users to earn Annual Percentage Yield (APY) by lending their crypto assets.
続きを読む »