cryptocurrency – Benefits Canada.com

Survey finds institutional investors are gaining confidence in cryptocurrency assets

bmcgovern — Wed, 08 May 2024 19:00:02 +0000

Four in 10 (39 per cent) Canadian institutional investors say they have either direct or indirect exposure to cryptocurrency, according to a new survey by KPMG in Canada and the Canadian Association of Alternative Assets and Strategies. The survey, which 31 institutional investors and 34 financial services organizations, found three-quarters (75 per cent) of institutional […]

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Survey finds half of global investors reduced investment in digital assets in the past year

Jennifer Paterson — Thu, 27 Jul 2023 15:00:13 +0000

While nearly half (49 per cent) of global institutional investors and wealth managers have reduced their investment levels in digital assets in the past 12 months, three-quarters (74 per cent) plan to increase their allocations in the year ahead, with 18 per cent saying they’ll dramatically increase investment levels, according to a new survey by London-based […]

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U.S. public pension funding shortfall unlikely to meaningfully improve in 2023: report

bwolfe — Fri, 21 Jul 2023 19:00:47 +0000

U.S. state and municipal pension funds are on track to miss investment targets and are unlikely to see meaningful improvements in their unfunded liabilities or funded ratios in 2023, according to a new report by the Equable Institute. The report, which analyzed trends in benefits, cash flows, contributions, funding and investments at 225 of the […]

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How will crypto disclosure rules impact federally regulated pension plans?

bwolfe — Thu, 20 Apr 2023 13:00:58 +0000

In its 2023 budget, the federal government announced plans to require that federally regulated pension plan sponsors disclose their cryptocurrency asset exposure to the Office of the Superintendent of Financial Institutions. The government has yet to announce how the pension disclosure requirements will be implemented. “Just how these guidelines will affect standards of governance or regulatory […]

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Majority of institutional investors expecting recession, stagflation challenges in 2023: survey

lbailey — Mon, 12 Dec 2022 14:00:15 +0000

While the vast majority (85 per cent) of institutional investors believe the economy is in a recession or will enter a recession next year, two-thirds (65 per cent) think stagflation is the bigger risk ahead, according to a survey by Natixis Investment Managers. The survey, which polled 500 institutional investors across the globe, found more than half […]

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U.S. workers more likely to stay with employer offering financial wellness benefits: survey

bwolfe — Wed, 16 Nov 2022 20:00:07 +0000

More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial wellness benefits, according to a new survey by software platform TalentLMS. The survey, which polled 1,000 employees, found 73 per cent said their employer offers financial wellness benefits. The top […]

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Institutional investor trust in crypto declined in Q2: survey

Gideon Scanlon — Thu, 15 Sep 2022 17:00:43 +0000

The majority (51 per cent) of Canadian investors now consider cryptocurrency investments to be untrustworthy, according to a new survey by Bitstamp, a cryptocurrency exchange based in Luxembourg. The survey, which polled 1,000 retail and 2,000 institutional investors in 23 countries, found global institutional investor trust in crypto assets dropped slightly, from 70 per cent […]

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PSP ditching tech giant shares, Caisse scuttling future crypto investments after Celsius losses

Gideon Scanlon — Tue, 23 Aug 2022 16:30:14 +0000

The Public Sector Pension Investment Board says it dumped a significant portion of its shares in two giant technology companies during the first half of 2021. In a report to the U.S. Securities Exchange Commission, the investment organization showed the total number of shares it held in Apple Inc. decreased by 680,541 during the first […]

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Cryptocurrency plunge a cautionary tale for U.S. public pension funds

bwolfe — Tue, 12 Jul 2022 16:00:56 +0000

When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. He was already worried about his pension after an overhaul by state and city officials cut payments as they grappled with the ability to pay out […]

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401(k) providers offering cryptocurrency investment options to U.S. workers

bwolfe — Fri, 29 Apr 2022 19:00:04 +0000

More workers may soon be able to stake some of their 401(k) retirement savings to Bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity Investments Inc. has launched a way for employees to put some of their 401(k) savings and contributions — potentially up to 20 per cent — directly in Bitcoin, […]

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