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Global Equity Head at Jefferies Says the Investment Bank Will Reduce Exposure to Gold in Favor of Bitcoin

Amy Liu

Summary: Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated pension fund if and when the bitcoin price drops from ...

Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated pension fund if and when the bitcoin price drops from current levels. As a result of this decision, 5% of the fund will now consist of bitcoin.

By Amy Liu

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Link: Global Equity Head at Jefferies Says the Investment Bank Will Reduce Exposure to Gold in Favor of Bitcoin   [Copy]
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