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Pensions & Investments Online: $4.8 billion Fairfax County Employees’ Retirement System & $1.6 billion Fairfax County Police Officers Retirement System are first known asset owners to commit to a dedicated fund investing primarily in blockchain technology firms.

Pensions & Investments Online: $4.8 billion Fairfax County Employees’ Retirement System & $1.6 billion Fairfax County Police Officers Retirement System are first known asset owners to commit to a dedicated fund investing primarily in blockchain technology firms.



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  1. Article is in “Outline” format due to pay-wall at pionline.com. Original article [here](https://www.pionline.com/special-report/two-virginia-pension-funds-warm-blockchain-technology-investments).

    Then here’s an excerpt I think is worth mentioning:

    >”We were not trying to invest in bitcoin only, we were not even trying to invest in cryptocurrency only,” said Katherine Molnar, CIO of the Fairfax police fund. “What we liked about Morgan Creek is we thought of it as a multistrategy approach to this space — providing exposure to both venture capital direct equity investments as well as liquid cryptocurrency.”

    >But convincing her board of trustees that investing in blockchain technology and cryptocurrencies was the right decision proved challenging.

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