94% of Surveyed Endowment Funds are Allocating to Crypto Investments: Study
Marie Huillett's orignal article for cointelegraph.com reduced by 44%
94% of endowments have been allocating to crypto-related investments throughout 2018, a new survey published on April 12 reveals. The survey indicated that despite widely-reported concerns around regulation, custody and liquidity, endowments will continue to allocate investments to the new asset class - with only 7% of respondents saying they anticipated any decrease in their allocations over the next year. The survey reportedly revealed that 54% of respondents were directly investing in crypto assets, with 46% investing via various kinds of funds.
According to the survey, the top three characteristics that endowments are seeking when they select crypto funds are that they comply with robust regulation, have sufficient capital flow and liquidity and offer account security. The Trade suggests cautious optimism is an apt overall summary of endowment sentiment in regard to the nascent asset class, citing one respondent's belief that crypto "Is the future of investing," and others' characterizations of the process as "a very wild ride" and "Hair-raising." As reported, this February, the University of Michigan's $12 billion endowment unveiled plans to bolster its investment in a crypto fund managed by U.S. venture capital firm Andreessen Horowitz.
Details of reported crypto fund investments from Ivy League titans Yale and Harvard surfaced in fall 2018 - the latter of whose ~$39.2 billion endowment for the 2018 fiscal year was the largest of any university endowment globally.
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