Australia’s $ 70 billion pension fund “makes a name for itself” for investing in cryptocurrencies
Queensland Investment Corporation (QIC), Australia’s fifth biggest pension fund with $ 70 billion in assets underneath management, is leaving the door open for...
Queensland Investment Corporation (QIC), Australia’s fifth biggest pension fund with $ 70 billion in assets underneath management, is leaving the door open for potential cryptocurrency investments.
Interview with the newspaper The Financial Times On October 14, QIC’s Chief Currency Officer Stuart Simmons mentioned his pension fund is prepared to invest in cryptocurrencies as the sector acquires additional regulation and infrastructure. Mr. Simmons mentioned:
“There are nevertheless several variables that are not clear at the second and the infrastructure to help substantial institutional traders like us is not nonetheless prepared. As issues evolve, substantial hedge money will reply to buyer demand by allocating assets in cryptocurrencies. “
Earlier this week, Canada’s 2nd-biggest pension fund, CDPQ, participated in a 400 million funding round of Celsius Network, a cryptocurrency lending venture, Coinlive reported.
Last month, it was also reported that two US pension money, the Fairfax County Police Officers Retirement System and the Fairfax County Employees’ Retirement System, will invest in cryptocurrencies, pending board approval.
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