This is one of the reasons for this craziness. It's money managers playing with other peoples money. No responsibility whatsoever. Investing into magical internet money. These people should go to prison. Remember when 3 Arrow Capital used customers money to buy CryptoDickButt NFTs and then they went bust?
It’s 0.1% of the fund. Definitely not a big risk to the beneficiaries. I would argue that they have a responsibility to hold the best performing asset out there.
Most public pensions have a mandate to hold a certain percentage of fixed income usually Treasuries at least to cover the current year's pensioners. The reality is most of these pensions can't even equal the SPY let alone BTC or ETH. They always outsmart themselves by thinking they need to put money in alternative assets like Private Equity or exotic hedge funds. Really these institutions should just fire all the managers & just invest in SPY, QQQ, BTC & some fixed income to cover the current pensioners but they are addicted to "experts."
Susquehanna, now Millennium Management Fund has been outed by 13F filings... but for some reason they do not announce it on press release, wonder why Prolly nothing...
The Mooch sez pay attention to the smartest people in the world. So he obviously isn't talkin' 'bout the peeps in the prior admin he was 15 mins a part of.
I was getting a little worried. Just recently the Bank of Canada announced high interest rates will most likely go for a very long time (much more than anticipated). Also big warnings of sharp downturn happening, not to mention the banks here are in worst shape they've ever been. Sold another 10 of my BTC CALL contracts today and closed out Ethereum futures to take advantage of the day and wind down more positions at a profit. The news posts here on funds isn't anything new. It's expected stuff that was already priced in.
He despises the Orange man... but is conflicted at the moment wrt political party loyalty due to the current administration anti-crypto stance (my non-political commentary , what will be will be)
S&P/TSX Canadian Bank Index near highs of the year. Worst shape hardly. Your woke thoughts really are messing with you.