169-Year-Old MassMutual Invests $100 Million in Bitcoin

[DiceAreCast]

First of all not a singe portfolio manager in the world runs a 200 billion dollar portfolio. The assets are allocated to dozens of not more portfolios that are managed by many different managers. Secondly, mutual funds and most insurance portfolio are long equities only. They are not allowed to short equities on any form at all, whether outright, through options, or inverse ETFs or synthetics. Portfolio insurance is a very different concept than going short individual stocks. In light of that and the fiduciary duty even gambling 0.000001% of assets is a violation of such fiduciary duty. And I believe long only funds, that are funded by outside capital (unless hedge funds) take a large risk to expose themselves to future lawsuits by investing in unregulated securities that their regulating country's government actually discourages. It just does not compute that the same funds hold themselves to stringent gift giving, travel, dining, and stationary policies but then turn around and gamble in crypto markets.

https://workplace.massmutual.com/solutions/fiduciary-resources

Talking one way but doing another thing begs the question how responsible such company really is.

Gamble? This guy above ^ thinks he is capable of running a 235B fund.

Can't short? Pretty sure MassMutual can still buy inverse ETFs.

 

[Pekelo]

Let's repeat, they invested/risked 1/2500th of their assets. It is like if you have a 100K trading account, you invest 40 bucks of it in crypto. Sounds about right for risk and diversity.

 

[AbbotAle]

Sure, it's a tiny fraction but it's almost certainly just a start.

Get off zero (%) allocation is the mantra.

Doesn't matter if it's just a few basis points because getting off zero proves you've started to do the necessary work to understand Bitcoin. And when everyone does that work (takes 3-6 months) it's odds on they'll increase their allocation whether they're rich or poor. $10 in Bitcoin from Coinbase costs about 3 cents in comms so there's really no excuse not to own some, if only a hedge about not being wrong (assume you don't like Bitcoin).

 

[They]

"The investment in Bitcoin will represent 0.04% of the general investment account"

Might as well be crypto...

“We see this initial investment as a first step, and like any investment, may explore future opportunities,” spokeswoman Chelsea Haraty said in a email.

Insurance companies have an estimated $40 trillion in client assets.

 

[newwurldmn]

Gamble? This guy above ^ thinks he is capable of running a 235B fund.

Can't short? Pretty sure MassMutual can still buy inverse ETFs.

massmutual does a lot of hedgfundy type stuff.

they also own many asset managers.

mom pretty sure they can and actively do short.

 

[Daal]

Most people that buy BTC, like it and then they buy more. Its a financial vortex like nothing I have ever seen. Underestimate at your own peril

 

[DiceAreCast]

I don't want my mutual fund company to buy a single lottery ticket.

Let's repeat, they invested/risked 1/2500th of their assets. It is like if you have a 100K trading account, you invest 40 bucks of it in crypto. Sounds about right for risk and diversity.

 

[AbbotAle]

With 900 new Bitcoins mined per day = roughly $16million (at $18k) imagine if more and more individuals, corporations and funds start to get off zero.

Makes you think...

(Of course that doesn't mean that's all the Bitcoin available as people who presently own Bitcoin can and do sell).

 

[DiceAreCast]

Misunderstand at your own demise.

Most people that buy BTC, like it and then they buy more. Its a financial vortex like nothing I have ever seen. Underestimate at your own peril

 

[tsznecki]

The assets are allocated to dozens of not more portfolios that are managed by many different managers.
.............
They are not allowed to short equities on any form at all, whether outright, through options, or inverse ETFs or synthetics. Portfolio insurance is a very different concept than going short individual stocks.
...........
And I believe long only funds, that are funded by outside capital (unless hedge funds) take a large risk to expose themselves to future lawsuits by investing in unregulated securities that their regulating country's government actually discourages.

So many contradictions and blathering nonsense.

"The assets are allocated to dozens of not more portfolios that are managed by many different managers."

Can you prove without a doubt that no manager/fund at MassMutual has no mandate to buy crypto? Didn't think so.

"They are not allowed to short equities on any form at all, whether outright, through options, or inverse ETFs or synthetics. Portfolio insurance is a very different concept than going short individual stocks."

Hmmm, can't buy options to hedge but can do portfolio insurance that needs options? Dunning Kruger alert.

"And I believe long only funds, that are funded by outside capital (unless hedge funds) take a large risk to expose themselves to future lawsuits by investing in unregulated securities that their regulating country's government actually discourages."

Can you prove it was their long only funds? You "believe"? LOL. In other words, you have no proof.

Next time you melt down, try it with a better argument.