US Public Pension Fund Invests In Bitcoin For The First Time
NYDIG facilitated the purchase, representing "a watershed moment for bitcoin and its place in public pensions," its global head said.A U.S. public pension fund has invested in bitcoin for the first time.The Houston Firefighters' Relief and Retirement Fund acquired an undisclosed amount of BTC through institutional bitcoin services provider NYDIG.The investment "represents a watershed moment for bitcoin and its place in public pensions," the global head of asset management at NYDIG said.The pension fund for Houston's firefighters, the Houston Firefighters' Relief and Retirement Fund....
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The $5.5 billion pension fund for the U.S. city of Houston’s firefighters has announced an investment in bitcoin and ether. “This investment marks the first announced investment in digital assets by a public pension plan in the U.S.”
‘A Watershed Moment for Bitcoin and Its Place in Public Pensions’
The Houston Firefighters’ Relief and Retirement Fund (HFRRF), the pension fund for the city of Houston’s firefighters, announced Thursday that it had purchased bitcoin and ether for the defined benefit plan’s portfolio. The....
American multinational financial services corporation, Morgan Stanley, has predicted that the U.K.’s Pension Protection Fund are likely to record their worst deficit ever. What is the Pension Protection Fund? Set up in April 2005, the Pension Protection Fund (PPF) was established to pay a pension to members of eligible defined benefit pension schemes if....
The largest public pension in the U.S. bought more RIOT shares for the first time since 2017.
Board members of the California Public Employees' Retirement System (CalPERS) recently took part in a discussion on blockchain technology as part of a broader conversation about future investment opportunities. The meeting is notable given the size of CalPERS, which manages just over $300bn in assets, making it the largest public pension fund of its kind in the US. As previously reported by journalist Brian Cohen, the meeting (which took place in late July) featured a presentation by Jesse McWaters of the World Economic Forum. McWaters provided an expansive look at the current pace of....
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