FINANCE AND BUSINESS ECONOMICS RESEARCH STAFF
In the News: How are Pension Funds and Other Institutional Investors Approaching Investments in 2023?
February 13, 2023 ·
Contributed by: Blake Wolfe, Benefits Canada
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Amir Akbari, assistant professor of finance at McMaster University, says while most institutions are invested in the blockchain technology underlying crypto as opposed to direct exposure to cryptocurrency itself, the entire sector is coming under increasing scrutiny.
“A lot of investors, including many institutional investors, thought this was the future of investing. Most institutional investors are rebalancing their portfolios away from cryptocurrency. . . . There’s a cash flow with [blockchain] technology and, if you’re a long-term investor, you’re thinking about dividends. But the technology is also being hammered right now — people are casting doubt on it because it’s unregulated and very few people understand what they’re investing in.”
Read the full article at Benefits Canada.
