AMWatch

US pension firm buys crypto, an asset it 'could not ignore'

The pension fund for Houston's firefighters is dipping its toes into cryptocurrency investing.

Photo: FLORENCE LO/REUTERS / X06710

The Houston Firefighters' Relief and Retirement Fund, which has USD 5.5bn in assets, has invested USD 25m in Bitcoin and Ether through NYDIG, a Bitcoin-focused subsidiary of asset manager Stone Ridge. 

"I see this as another tool to manage my risk," said Ajit Singh, the chief investment officer for fund.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch