Pensions
Pensions in Michigan, Jersey City Add Bitcoin ETFs to Portfolios
Only three public pension funds are known to have acquired these types of ETFs.
The State of Wisconsin Investment Board purchased Grayscale and BlackRock Bitcoin ETFs.
By measuring employee morale and other people-centered influences on share prices, fledgling ETFs have beaten benchmarks—and attracted a large SWIB position.
Wisconsin’s Select Equity fund, launched just four months ago, aims to use such techniques as long-short pairings.
The economist has been overseeing risk management and investing strategies at the Wisconsin organization.
Incentive payout for 2018 was lowest amount in the past five years.