By 
A county in Virginia is studying the possibility of allocating pension funds in two cryptocurrency funds that use yield farming, according to a report on Bloomberg.
Fairfax Country Police Officers Retirement System Chief Investment officer Katherine Molnar hinted at the possibility of funding two new hedge fund managers focused on cryptocurrencies in the next three weeks.
The new hedge funds are working with yield farming strategies, which boost liquidity in decentralized exchanges through staking or lending assets to generate increased returns.
Molnar said the county liked that there’s volatility in the space, and they are seeking to find a method to harness the volatility which she said would be “good for relative value type strategies.”
Molnar said Fairfax already made seven allocations to cryptocurrencies in two pension funds, covering venture capital funds and another structure that has early-stage illiquid tokens and later-stage liquid tokens. BTC is up 1.62%, while ETH is up 1.11%.
Comments