As part of its investment strategy, Queensland Investment Corporation, an Australian pension fund, is interested in cryptocurrencies.
QIC, an Australian pension fund, has recently joined the ranks of financial behemoths and institutions such as JPMorgan and Neuberger Berman in their pursuit of cryptocurrency investments.
After receiving a statement from Stuart Simmons, QIC’s head of currencies, on his thoughts on cryptocurrencies, the Financial Times confirmed the news.
To begin with, Stuart Simmons stated that cryptocurrencies were not a necessary investment for this type of fund and institution, but he did acknowledge that they were maturing as a segment.
I don’t think there’s an inevitability about super funds and the institutional market investing in crypto, but as the segment matures . . . there’s a likelihood that super funds seek out exposure, Simmons said.
Surprisingly, he added that super funds were likely to seek exposure to cryptocurrency in the future.