First UK Pension Scheme Allocates 3% To Bitcoin
Posted On November 4, 2024
UK-based pension advisory firm Cartwright has announced that it has advised a pension scheme to make a 3% allocation in Bitcoin, marking the first such move in the country.
What Happened: The allocation, valued at approximately $59 million, was made in October after a comprehensive due diligence process aimed at ensuring risk management and strategic fit within the scheme’s portfolio.
The unnamed pension scheme’s decision to incorporate Bitcoin (CRYPTO: BTC) reflects an effort to diversify its investment strategy and harness Bitcoin’s asymmetric return potential.
According to Cartwright, this …
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