
Dauntless Allocators Stick With Calamitous Cryptocurrency
Institutions keep their toeholds in bitcoin and others amid epic market slide.
Institutions keep their toeholds in bitcoin and others amid epic market slide.
Bitcoin bolster: Asset allocators seem to be fueling digital money’s recovery from its recent crash.
The digital asset is gaining more acceptance among institutional investors.
Retirement funds and other institutions are gradually warming to cryptocurrencies.
Large money managers including J.P. Morgan, Fidelity, and Allianz have lost their relationships with the biggest US pension plan as part of a massive restructuring of CalPERS’s equity program.
Selections chosen for their UK presence and global reach.
Market volatility drops average 401(K) holdings from previous quarter’s record high.
The investment made up 6.5% of the system’s approximate $3.5 billion small cap strategy.