August 2022
24Aug

Should Pension Funds ‘Invest’ in Crypto?

By John Rekenthaler My headline poses what seems to be a rhetorical query. Should pension funds risk other people’s money by buying volatile, poorly regulated assets? Obviously not. We therefore know how this column will proceed. Having erected this straw man, the author will triumphantly torch it in a blaze of self-righteousness. Such was my initial plan, after reading about pension funds with cryptocurrency-related losses. Houston Firefighters Relief and Retirement Fund invested $25 million in Bitcoin and Ethereum. The State of...

August 24, 2022
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19Aug

Canadian pension fund CDPQ explores legal options over failed crypto firm

Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) is exploring legal options over bankrupt crypto lending firm Celsius and will no longer invest in crypto firms, it said on Wednesday. CDPQ's statement came as the fund recovers from its failed investment in New Jersey-based Celsius, which filed for bankruptcy in July less than a year after it received an investment of $150 million from the fund. "We will preserve our rights and explore legal options," CDPQ Chief...

August 19, 2022
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May 2022
10May

UK. FCA needs more crypto experience, expert warns

The FCA needs more experience with crypto in order to understand the asset class fully, an expert has warned. Mark Aruliah, senior policy adviser at blockchain analysis firm Elliptic, who spent a number of years as a technical specialist at the FCA, said he doesn’t see any strong advantages in being in the UK as a crypto firm. “I’m not saying the UK regulator is in a positive or negative position, I think the jury is out for me,” he said. Speaking...

May 10, 2022
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November 2021
01Nov

South Africa Pension Funds To Exclude Non-CBDC Crypto Assets

South Africa Restricts Non-CBDC Crypto The South African government, in an effort to push its CBDCs, has introduced legislation that restricts non-CBDC crypto from being invested in pension funds. The new regulations are in sharp contrast to the older regulations that allowed portfolio managers to invest around 2.5% of funds into the category of “other assets,” which also included crypto assets. The new rules, however, exclude cryptocurrencies, citing a lack of protection. The Fairfax County Police Officers Retirement System in the...

November 1, 2021
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June 2021
08Jun

New Zealand Pension Fund Allocates 5% to Bitcoin

Fernando Alberca | bottom KiwiSaver Growth Strategy, which manages $350 million retirement plans, has allocated 5% of its portfolio to bitcoin, as reported by New Zealand’s Stuff News Agency. The pension fund started investing in crypto assets in October 2020, so This first purchase has already increased to 600% in just six months. In the opinion of James Gregor, chief investment officer at New Zealand Funds Management, operator of the KiwiSaver Growth Strategy Fund, “If investing in gold sounds right...

June 8, 2021
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08Jun

ForUsAll Debuts the ‘Alt 401(k)’ to Provide In-Plan Cryptocurrency Access

Another cryptocurrency foray into 401ks was announced today. ForUsAll, a retirement investment platform for small businesses, introduced the Alt 401(k), its turnkey retirement investment platform that allows employers to provide alternative investment options within 401k plans—what the company is calling a “first of its kind.” Read also US. Pensions Are Almost Fully Funded and Coming for Your Bonds The San Francisco-based fintech company is enabling employers to offer cryptocurrency as the plan’s first alternative investment by selecting Coinbase Institutional, a leading cryptocurrency...

June 8, 2021
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April 2021
29Apr

Is Bitcoin Prudent? Is Art Diversified?: Offering Alternative Investments to 401(k) Participants

By Edward A. Zelinsky Whether any category of alternative investments ought to be considered for the menus offered to 401(k) participants is a fact-intensive question. Central to this inquiry are ERISA’s legal tests of prudence, diversification and loyalty. These tests require such fact-driven inquiries as the acceptability of a particular category of investments to investors in general and to professional defined benefit trustees in particular and the trustee’s motivation for embracing such investments. Another important concern when making this inquiry...

April 29, 2021
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September 2019

12Sep

Should Pension Funds add Bitcoin to their Portfolio?

Pension funds are considered to be among the most conservative investors nowadays, and for relatively obvious reasons. It's still hard to present blockchain, Bitcoin BTC, 2.60%, and other investing opportunities behind arising from innovative technology to future pensioners, as they are focused on steady, guaranteed paybacks of their hard-earned fiat money. Taking a closer look to European pension plans reveals that if you, for example, decided to trust the German government, or a German pension fund manager with 20,000...

September 12, 2019
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05Sep

Hong Kong. Legacy Trust have launched a crypto pension plan

The Hong Kong based company Legacy Trust has opened a pension plan based on digital assets. In what could be a world first the company have started a voluntary pension plan open to employers and the self-employed for which contributions and the underlying portfolio can include digital assets. Vincent Chok, CEO of Legacy Trust said: "Investors are moving beyond speculation — they want to use digital assets and bring them into a diversified portfolio," he then added "We...

September 5, 2019
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