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Investment consultants say their institutional clients — mainly traditional pension funds worth tens of billions of pounds — show no sign of making a play for bitcoin or other cryptocurrencies

Crypto

Asset Management Correspondent

When Ruffer invested around $600m into bitcoin at the end of 2020, pension funds took notice and began calling their investment consultants.

The UK asset manager’s bet on the fledgling asset class coincided with a sharp rise in bitcoin’s price, fuelled in part by a growing number of retail investors piling in during Covid lockdowns.

Pension funds have gone ‘radio silent’ on crypto

David Ricketts

Coinbase

Currencies

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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