🚀 The First UK Pension Scheme Announced Investing in Bitcoin
posted 5 Nov 2024
Cartwright, a large pension advisor in the UK, announced allocating 3% of its assets to Bitcoin. This is a first-of-its-kind Bitcoin investment move by pension specialists in the country.
Cartwright’s Director of Investment Consulting, Sam Roberts noted:
The solution is available to different-size pension schemes to offer a low minimum investment threshold. Cartwright said Bitcoin allocation coupled with the custodial approach of the firm will help scheme members reduce reliance on employer contributions while providing long-term value.
At the end of their press release, Cartwright said they expect the Bitcoin institutional adoption curve to be similar to when pension schemes started investing in equities, high-yield bonds, and liability-driven investing.
The pension specialist believes that although it can take some time for institutional investors to adopt Bitcoin, not considering the asset as a part of their portfolio can be risky.
In a press release, Cartwright announced that the allocation took place in October after training and a comprehensive evaluation process. According to the company, the investment reflects the scheme’s relatively long-term investment plans.
Cartwright’s Director of Investment Consulting, Sam Roberts noted:
This bitcoin allocation is a strategic move that not only offers diversification, but also taps into an asset class with a unique asymmetric risk-return profile.
Cartwright’s press release announcing the first-ever pension scheme on Bitcoin Source: cartwrightbenefits.co.uk
He called the integration of Bitcoin into a pension scheme’s investment strategy a bold step that reflects trustees’ forward-thinking nature.
The solution is available to different-size pension schemes to offer a low minimum investment threshold. Cartwright said Bitcoin allocation coupled with the custodial approach of the firm will help scheme members reduce reliance on employer contributions while providing long-term value.
At the end of their press release, Cartwright said they expect the Bitcoin institutional adoption curve to be similar to when pension schemes started investing in equities, high-yield bonds, and liability-driven investing.
The pension specialist believes that although it can take some time for institutional investors to adopt Bitcoin, not considering the asset as a part of their portfolio can be risky.
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