The Public Sector Pension Investment Board says it dumped a significant portion of its shares in two giant technology companies during the first half of 2021. In a report to the U.S. Securities Exchange Commission, the investment organization showed the total number of shares it held in Apple Inc. decreased by 680,541 during the first […]
When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. He was already worried about his pension after an overhaul by state and city officials cut payments as they grappled with the ability to pay out […]
More workers may soon be able to stake some of their 401(k) retirement savings to Bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity Investments Inc. has launched a way for employees to put some of their 401(k) savings and contributions — potentially up to 20 per cent — directly in Bitcoin, […]
While 84 per cent of U.S. employees believe their employer should be responsible for their financial well-being, only 55 per cent feel their company is concerned about their financial wellness, according to a new survey by SoFi at Work and Workplace Intelligence. The survey, which polled 800 full-time employees and 800 human resources leaders, found three-quarters (75 […]
The Caisse de dépôt et placement du Québec is entering the digital currency sector by joining a US$400 million investment round for a cryptocurrency earning and borrowing platform. Alberta-based WestCap Group Inc. is the other co-lead investor in the funding round for Celsius Network, a blockchain-based investment platform aimed at high-net-worth retail and institutional investors. Read: AIMCo […]
From the rise of cryptocurrency DogeCoin and non-fungible tokens to Reddit members beating hedge fund managers at their own game, 2021 has been an eventful year in the world of retail investing. And while institutional investors might not be betting big on Gamestop Corp. or Elon Musk’s latest cryptocurrency tweet, some have inched closer to […]
Canadian investors and advisors were skeptical about cryptocurrency in the second quarter of 2021, according to a new quarterly survey by Horizons ETF Management Inc. Canadian investors and investment advisors are more bearish about cryptocurrency than any other measured asset class. As part of the survey, Canadian investors and investment advisors were asked to rate […]
Whether institutional investors welcome it — or even realize it — cryptocurrency is having an impact on their portfolios. The immense size of the crypto ecosystem — about US$ 1 trillion — and its disruptive effects are being felt across capital markets. In its various forms, it’s changing the way businesses operate. Financial analysts see […]
Almost 16 months since the global coronavirus pandemic was first declared, there’s now yet another thing for institutional investors to worry about — the possibility of inflation. Lately, much has been made of the potential for inflation to emerge given sustained low interest rates and the large deficits that many governments have incurred due to […]
If you needed any evidence that cryptocurrency investments are having a mainstream moment, look no further than last weekend’s episode of Saturday Night Live. In the week leading up to Tesla co-founder and cryptocurrency enthusiast Elon Musk’s May 8 appearance as host of the long-running comedy sketch show, Dogecoin hit an all-time high of around US$0.73, […]