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What I'm most curious about is what the knock-on effect this will be to crypto businesses. From what I hear, a few pension funds invested into Bitcoin. Wonderin

• deleted 4y ago
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• jpgvm 4y ago
  Most pension funds probably had an exposure somewhere on the order of 0.05% AUM or less so it should have no significant impact. It's the crypto hedge funds and other businesses that were holding huge chunks of BTC/ETH that are in trouble.
• jacquesm 4y ago
  A pension fund with significant Bitcoin exposure is not 'investing' they are recklessly endangering the funds they have been entrusted with and the fund managers ought to be held personally liable.
  • valdiorn 4y ago
    Dude, you have absolutely no idea what you're talking about. I fucking loathe crypto but to say fund managers are "recklessly endangering the funds" shows you have no knowledge of how a hedge fund works. Source: I work risk management for a large UK fund.
    • jacquesm 4y ago
      > I work risk management for a large UK fund. Oh, that's ok then, carry on, user 'valdiorn' has spoken and it's ok for funds to invest a significant amount of their holdings into BTC. Or did you miss the word 'significant'?
• czbond 4y ago
  Generally a pension would put 1% or less to such investments. So while the absolute value of the loss may be large, the percentage of portfolio loss will be little. The loss of S&P and equities at large impacts them much more greatly.