New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation

The KiwiSaver Growth Strategy, a NZ$350 million (US$245 million) retirement fund operated by New Zealand Funds Management, has according to local media allocated 5% of its assets to bitcoin, citing the cryptocurrency’s similarities to gold as one of the biggest reason behind the trade. According to local news outlet Stuff, New Zealand Funds’ chief investment officerContinue reading “New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation”