Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns.
“Some of the yields that you’re able to achieve in a yield farming strategy are really attractive because some of the people have stepped back from that space,” Katherine Molnar, Chief Investment Officer (CIO) of the Fairfax County Police Officers Retirement System, told the Financial Times.
The fund’s CIO said that “for those that are still willing to provide liquidity, decent profit seekers, they’re actually able to earn more attractive yields at the moment”.
The pension fund recently injected USD 35m each with the Parataxis Capital’s digital yield fund and VanEck’s new finance income fund, which is to generate income for investors via short-term lending arrangements with crypto asset...
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