The Fairfax County Retirement Systems has invested $70 million combined in VanEck's new finance income fund and Parataxis Capital's yield farming fund. By oknightcrypto
This led to a period of market contagion that saw the likes of crypto broker Voyager Digital and hedge fund Three Arrows Capital perish, with both companies eventually filing for bankruptcy.
Canadian pension fund, Caisse de dépôt et placement du Québec , invested $150 million in Celsius Network before the lender was forced to halt operations. "A very small portion of our overall portfolio is invested in new technologies, which feature innovative, high-growth companies in riskier sectors that offer the potential for superior returns," a CDPQ spokesperson told CoinDesk last week.
But Fairfax County remains unperturbed by the market downturn, with Molnar revealing that even in light of a 50% decline in prices, the fund's original crypto investments are up by 350%, the FT report said.
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