August 2022
05Aug

Pensions, Crypto, And Trust: Digital Assets And Retirement Funds

Retirement planning is the primary objective of retail investors. Indeed, 47% of respondents in the 2022 CFA Institute Investor Trust Study indicated saving for retirement was their most important investment goal. Yet the conventional pathway to retirement savings - the traditional stock and bond portfolio - is not as effective as it used to be. Weaker diversification, declining real returns, and rising inflation all present major challenges to both defined benefit and defined contribution (DC) pension funds. As funds struggle...

August 5, 2022
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July 2022
22Jul

Caisse admits $150-million investment in bankrupt Celsius ‘raises a number of questions’

Quebec’s pension manager broke its silence about its investment in Celsius Network LLC, saying it will “take time” to resolve claims around the bankrupt cryptocurrency lender but admitted the investment didn’t pan out. Caisse de Dépôt et Placement du Québec invested $150 million in Celsius in October as part of a $400 million funding round co-led by WestCap Investment Partners LLC. Equity holders are likely to be wiped out after Celsius filed for Chapter 11 bankruptcy protection in a U.S. court,...

July 22, 2022
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June 2022
07Jun

US. Bitcoin Or Bulls For My Pension Plan?

In the long run, tokenisation is going to change everything. I suppose, like most people, the most important financial decisions that I make are with respect to retirement savings. Therefore I try to stay abreast of developments in the sector. Hence I note with interest that one of the serious players in this space, Fidelity (the largest retirement plan provider in the U.S.), are launching a 401(k) cryptocurrency product. Roughly 23,000 companies use Fidelity to administer their retirement plans, and...

June 7, 2022
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December 2021
31Dec

Pension And Sovereign Wealth Funds Eye Crypto As Regulators Focus On A Global Crypto Framework

Nothing indicates the ascendance of an asset in the financial system more than a pension fund investing in it. It is the ultimate signal of arrival. The Houston Firefighters’ Relief and Retirement Fund (HFRRF) announced in 2021 that it was investing $25 million in bitcoin, the first time a U.S. pension fund invested in cryptocurrencies. The HFRRF investment is in collaboration with NYDIG through a customized private fund managed by NYDIG, the cryptoasset manager that just completed a $1 billion...

December 31, 2021
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November 2021
24Nov

No pension. No savings. No future. No wonder we’re betting the house on crypto

By Rohit Thawani I must begin this article by stating that the information I’m providing is not financial advice. I think I legally have to say that because I heard it on a podcast or whatever, I really don’t know. But, if you’re taking crypto advice from me, that might be your first problem. It all started with a missed shot. Let’s go back to 2004, when I invested my $5,000 life savings into Apple, a company I truly believed in. It...

November 24, 2021
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October 2021
22Oct

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. Read also US. Allianz, Calpers...

October 22, 2021
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07Oct

Assembly candidate: New Jersey should mine Bitcoin to pay off its debts

New Jersey ranks 50 out of 50 when it comes to its financial state. According to Truth in Accounting, New Jersey has accumulated $189.6 billion (as of September 2020) in debt. Ballpark best guess, we each owe $57,900 — and we have Trenton insiders to thank for this ever-escalating burden. The state’s financial grade is an F and we are going to have to get creative to settle our accounts. I’ve not even mentioned the over $225 billion in retirement...

October 7, 2021
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March 2021
26Mar

New Zealand. Investment or speculation: KiwiSaver fund enters the bitcoin era

NZ Funds Management’s KiwiSaver growth fund has invested in bitcoin, and chief investment officer James Grigor​ expects that within five years it will feature in more KiwiSaver schemes. Read also Cryptocurrency called next great investing opportunity The KiwiSaver provider changed its offer documents in October to allow it to invest in cryptocurrencies for the first time. Grigor said bitcoin had become a commodity, with many of the attractive hallmarks of gold, which investors often bought as a store of value in times...

March 26, 2021
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September 2020

02Sep

Bitcoin As a Retirement Plan Investment?

The cryptocurrency is legally permissible as a 401(k) investment under ERISA, but some plan sponsors may have questions about whether it is prudent. Bitwage launched what it touted as the “world’s first Bitcoin 401(k) plan” in May. Bitwage provides cryptocurrency payroll and invoicing services. It says the 401(k) offering is a four-way strategic collaboration between Bitwage, Leading Retirement Solutions, Kingdom Trust and Gemini. Leading Retirement Solutions provides the administration and recordingkeeping for the 401(k) plan. Kingdom Trust is the custodian,...

September 2, 2020
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