US Pension Funds invest in crypto assets for the first time

M

mlawson71

Two pension funds in Virginia, US will take part in a new 40 million USD venture capital fund focused on the crypto market and managed by Morgan Creek Digital.

According to a statement by Morgan Creek Digital other investors in the fund include an insurance company, a university endowment and a private foundation.

Until now many institutional investors avoided the crypto market as a whole, because of the speculations of market manipulations and the general lack of transparency and regulation.

Let's see how this endeavour will end.
 
mlawson71 said:
Two pension funds in Virginia, US will take part in a new 40 million USD venture capital fund focused on the crypto market and managed by Morgan Creek Digital.

According to a statement by Morgan Creek Digital other investors in the fund include an insurance company, a university endowment and a private foundation.

Until now many institutional investors avoided the crypto market as a whole, because of the speculations of market manipulations and the general lack of transparency and regulation.

Let's see how this endeavour will end.
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Smacks of desperation. Monster lawsuits in the works?
 
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Can't recall which fund manager said ,, We took 1% bet on TSLA, that is 300 mil'' ( back when it was $30 ), yet, how much in assets these two have ?

Maybe it's 0.5% for them or less ?
 
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