The Fairfax County Employees’ Retirement System and the Fairfax County Police Officer’s Retirement System continue to adopt digital asset strategies, allocating an initial tranche of $35 million to the VanEck New Finance Income Fund.
The two Virginia pension systems were also among the initial investors in Morgan Creek’s digital offering and executives have maintained a high profile in the digital asset industry.
The VanEck New Finance Income Fund was launched last December to offer income opportunities via short-term lending arrangements with digital assets entities. Officials say the approach may result in ‘potentially lower volatility as compared to direct digital assets exposure.’
The $78 billion investment firm already operates European-listed digital asset exchange-traded products and in the U.S., VanEck launched the first U.S. ETF to invest in publicly listed companies involved in digital assets. The firm also offers exposure to bitcoin through a futures strategy as well as direct bitcoin access to both accredited U.S. investors and qualified offshore investors.
