The University of Texas System endowment’s oil and gas revenues from its 2.1 million acres of land in the West Texas Permian Basin has it competing with Harvard for biggest endowment by net assets.
Institutions keep their toeholds in bitcoin and others amid epic market slide.
The top cryptocurrency has had a fresh growth spurt, as news of the new fund spreads.
Bitcoin bolster: Asset allocators seem to be fueling digital money’s recovery from its recent crash.
Many institutions, wary of the asset class’s notorious volatility, keep their exposure low despite raw material price climbs.
The digital asset is gaining more acceptance among institutional investors.