Record-Breaking 3% Bitcoin Investment By UK’s Cartwright Fund: Largest BTC Allocation To Date
05 Novembre 2024 - 7:00AM
NEWSBTC
Cartwright, an independent business and specialist pension scheme
advisor, urges UK institutional investors to embrace Bitcoin
following the nation’s first allocation to a defined benefit (DB)
scheme. Cartwright’s New Allocation Strategy In its
announcement, Cartwright, specializing in defined benefit and
hybrid pension schemes, emphasized the significance of
incorporating Bitcoin into retirement plans. The firm
recently advised its first scheme on a 3% Bitcoin allocation, which
aligns with its long-term investment strategy while prioritizing
“robust risk management” at both the asset and scheme levels.
Related Reading: Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass
Up’ – Top Analyst Sets $6,000 Target Sam Roberts, Cartwright’s
director of investment consulting, highlighted the growing trend
among trustees to seek new solutions that can future-proof their
pension schemes amid economic uncertainties: This Bitcoin
allocation is a strategic move that not only offers diversification
but also taps into an asset class with a unique asymmetric
risk-return profile… Integrating Bitcoin into a pension scheme’s
investment strategy is a bold step that reflects the
forward-thinking nature of the trustees involved. Roberts
underscored that while Bitcoin presents significant potential
upside, it also requires careful management of associated risks.
“Our approach ensures that schemes can benefit from the significant
potential upside while limiting the potential downside,” he
explained. Bitcoin In Pension Plans Steve Robinson,
Cartwright’s head of investment implementation, elaborated on the
operational procedures for Bitcoin investments. He noted that these
procedures have been tailored to maximize the security of the asset
while enabling swift profit-taking: Our commitment to
engaging with emerging innovative technologies ensures that
trustees remain at the cutting edge of investment solutions. By
combining a secure custodial solution with mechanisms to capitalize
on profits quickly, Cartwright aims to make Bitcoin accessible to
risk-averse pension schemes. The low minimum investment
threshold will reportedly allow a wider range of pension schemes to
participate, contrasting with traditional investment ideas that
often require substantial capital. Related Reading: Shiba Inu’s
Shibarium Sees Daily Transactions Surge To 4.68 Million, Will This
Push SHIB’s Price Toward $0.00008? The firm said it is also
optimistic that this strategic move will inspire other
institutional investors in the UK to follow suit and explore the
benefits of BTC. Robinson concluded that this approach will provide
long-term value to scheme members while reducing the reliance on
employer contributions, ultimately enhancing the sustainability of
pension funds in an evolving economic landscape. Despite these
moves by pension funds worldwide to invest in Bitcoin, the largest
cryptocurrency on the market was trading at $67,760 at the time of
writing, reflecting the volatility experienced in recent days ahead
of the anticipated US presidential election on November 5. Featured
image from DALL-E, chart from TradingView.com
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