Canadian Pension Fund's Venture Arm Exploring Bitcoin Investments
The venture arm of a major Canadian pension fund is reportedly looking at making investments in bitcoin and blockchain startups. The Ontario Municipal Employees Retirement System, or OMERS, is one of Canada's largest municipal pension funds. The fund's venture arm, OMERS Ventures, recently disclosed in a recent interview with Canadian business publication TechVibes that it was exploring the use of proceeds from a recently closed $260m CAD fund to make investments in the bitcoin space. The fund has also drawn support from the Bank of Montreal and Cisco Investments. Managing director Jim....
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It looks like the Canadian pension fund either has a greater risk appetite, overtly optimistic or just doesn't care. I would prefer to think that it is the former two. Either way it is good for the crypto-industry. On a serious note - The Ontario Municipal Employees Retirement System which can be shortened into OMERS for good (to make it easier for writing purposes) is planning to invest in bitcoin and blockchain start-ups. OMERS is one of the largest municipal level pension funds in Canada which has its own venture arm called OMERS Ventures. OMERS Ventures has been active for over four....
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