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Australia’s Pension Fund QIC May Make Small Investments in the Cryptocurrency Sector
Summary: One of Australia’s largest pension funds has said it may make small investments in the cryptocurrency sector. Queensland Investment Corporation (QIC), which manages A$92.4bn ($69bn) of assets and is Australia’s fifth biggest pension fund, told the Financial Times that it is open to investing in cryptocurrencies in the future. Early inflows in to digital assets ...
One of Australia’s largest pension funds has said it may make small investments in the cryptocurrency sector. Queensland Investment Corporation (QIC), which manages A$92.4bn ($69bn) of assets and is Australia’s fifth biggest pension fund, told the Financial Times that it is open to investing in cryptocurrencies in the future.
Early inflows in to digital assets are likely to be “more a trickle than a flood”, according to Stuart Simmons, QIC’s head of currencies, as uncertainty persists about how far governments and watchdogs will intervene in the fast growing but largely unsupervised crypto space.
For conservative pension fund managers, a move into cryptocurrency markets would mark a big departure from their more conventional asset allocation strategies.
By Amy Liu
Tags: Australia,Cryptocurrency,Pension Funds,QIC
Link: Australia’s Pension Fund QIC May Make Small Investments in the Cryptocurrency Sector [Copy]
