The landmark allocation came in October after extensive deliberations with the scheme’s trustees. These conversations saw the fund’s leadership allocate 3% of its portfolio to BTC. Cartwright said the deciding factor was the asymmetric nature of BTC’s returns and the comprehensive risk management measures the scheme had adopted.

Sam Roberts, Chief Investment Officer at Cartwright, said:

“Trustees are increasingly seeking innovative solutions to future-proof their schemes in the face of economic challenges. This Bitcoin allocation is a strategic move that not only offers diversification but also taps into an asset class with a unique asymmetric risk-return profile.”

~Sam Roberts

Roberts added that the adviser’s approach ensured the scheme would exploit BTC’s huge upside potential while protecting it from its potential downside. He also hailed the trustees’ decision to blend the flagship crypto asset into the scheme’s investment strategy as a bold step that reflects its visionary nature.

Cartwright's solution enables risk-averse pension plans to benefit from Bitcoin

Cartwright’s head of investment implementation Steve Robinson also expressed excitement about the scheme’s move. He said the investment design allowed him to profit instantly while maximising asset security.

Robinson also stated his commitment to engaging with innovative technologies, placing pension fund managers at the forefront of investment solutions. He maintained that Cartwright’s solution would encourage risk-averse retirement schemes to pursue BTC’s growth potential while managing its volatility under a safe and prudent framework.

He added that the solution suits all pension plans, regardless of size, due to its low minimum investment requirement. This, and his company’s secure custody approach, convinced him that they would provide plan members with long-term value.

Pension funds are diversifying into Bitcoin

There is an emerging trend where pension plans are adopting BTC to hedge against global currency inflation and diversify their portfolios.

Other retirement funds that have recently made headlines for embracing cryptocurrencies include the State of Wisconsin Investment Board and the Michigan Retirement System. While the former has committed $160 million to BTC Exchange Traded Funds (ETFs), the latter has invested around $6.6 million in $BTC ETFs and another $10 million in Ethereum-linked ETFs.

Cartwright compares his foray into the UK to the early days of adopting stocks and high-yield bonds in the 1970s and 1980s, and so he remains optimistic that the country’s pension plans will embrace the shift.


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