Early inflows in to digital assets are likely to be “more a trickle than a flood”, according to Stuart Simmons, QIC’s head of currencies, as uncertainty persists about how far governments and watchdogs will intervene in the fast growing but largely unsupervised crypto space. For conservative pension fund managers, a move into cryptocurrency markets would mark a big departure from their more conventional asset allocation strategies. They have so far largely stayed away from crypto markets, with a few exceptions. Two US pension funds based in Virginia have taken the plunge, while CDPQ — Canada’s second-largest pension fund — recently co-led a $400m funding round for crypto lending platform Celsius Network.

https://www.ft.com/content/d7f1000b-1022-4bac-bb88-a112f0c1c263