Re:El Salvador expected to default as Bitcoin plummets
by adament on Wednesday May 11, 2022 @11:40AM
(#31341570)
A pension fund might very well be allowed to buy junk bonds since it is a well-known if risky instrument whereas bitcoin ETFs are a newfangled weird instrument that is probably not covered by their guidelines.
I mean allowed in the sense that the investment guidelines set by the board allow it.
Source: I work at a pension fund where I think we are in precisely this situation.
Re:El Salvador expected to default as Bitcoin plummets
by xiphias2 on Wednesday May 11, 2022 @01:15PM
(#31342965)
I think in the next few years the pressure for junk bonds like this in pension funds will just grow as inflation rate moves farther away from bond yields.
I mean allowed in the sense that the investment guidelines set by the board allow it.
Source: I work at a pension fund where I think we are in precisely this situation.