US Public Pension Fund Invests In Bitcoin For The First Time

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....

The largest public pension in the U.S. bought more RIOT shares for the first time since 2017.

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....

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....

An Australian pension fund is exploring offering Bitcoin and other digital assets to its members as investment options. Related Reading: Polymarket Just Dropped Its Toughest Insider‑Trading Rules Yet – But Can They Really Calm DC? A Rare Bitcoin Move In what Bloomberg fittingly calls a “rare move”, Hostplus, a A$150 billion+ ($105 billion) Australian pension […]