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How will the UK pension fund's Bitcoin investment impact global pension fund strategies by the end of 2025?
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Story
UK Pension Fund Allocates £50 Million to Bitcoin in Landmark Move Advised by Cartwright
Nov 4, 2024, 08:38 PM
Cartwright, a British pension specialist, has announced a groundbreaking move by advising a multi-billion dollar UK pension fund to allocate 3% of its portfolio to Bitcoin. This decision, made in October, marks the first time a UK pension scheme has invested in Bitcoin. The allocation, valued at approximately £50 million, is aimed at offering diversification and tapping into Bitcoin's asymmetric risk-return profile. This allocation is significantly higher than similar investments by other pension funds, such as the Wisconsin Pension Fund, and is the largest allocation of any Sovereign Fund in the world so far. The UK pension fund opted for direct investment in Bitcoin rather than through an ETF, following a rigorous training and due diligence process. Cartwright's move is seen as a pioneering step toward future-proofing pension schemes in the face of economic challenges.
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