2024-3-19 12:17 |
Government Pension Investment Fund (GPIF), the world’s largest pension fund with over $1.5 trillion under management, is looking at the feasibility of adding new investment assets to its portfolio.
An announcement GPIF published on March 19 states that the pension fund is seeking information on how further to diversify its operations. Among sectors GPIF is set to explore in coming years is Bitcoin.
GPIF is also looking at business diversification via gold, forests and farmland, which the fund considers largely “illiquid” but are currently not part of its investment.
The request for information comes as the $1.5 trillion pension fund eyes traction in new sectors of the economy and society. GPIF’s current investments are concentrated in traditional assets such as stocks and bonds.
It is also heavily into real estate and infrastructure.
Growing interest in BitcoinGPIF’s move, which takes the form of a long term research, aims at integrating investments that align with technological progress. GPIF will also explore how pension funds in other countries incorporate assets such as Bitcoin in their portfolios.
Its approach will, however, emphasise sustainability and risk management, GPIF stated.
According to GPIF, it’s only requesting information and that its announcement isn’t indication that the fund is set to adopt the highlighted investment assets. Any consideration for such investments will be explored further based on the information it gathers in this request.
As GPIF sets the ball rolling on a possible future investment in Bitcoin, there’s mounting interest in the crypto from institutional investors.
Earlier this year, a CBOE report noted that the approval of spot Bitcoin ETFs in the US could attract more pension funds and other registered investment vehicles to the asset.
Spot ETFs have pulled in some crazy volumes in recent weeks and helped drive the price of Bitcoin to its all-time high above $73k last week.
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