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Chicago, Illinois pension funds say they have no crypto exposure

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Chicago Local News — Chicago, Illinois pension funds say they have no crypto exposure that we obtained from news agencies. opinions and stunning details about the Chicago, Illinois pension funds say they have no crypto exposure that you have never heard before.

Chicago, Illinois pension funds say they have no crypto exposure

The $64 billion Illinois Teachers Retirement System “has no direct or indirect exposure to cryptocurrency,” said Dave Urbanek, spokesman for the fund, which has 172,000 active members.

Similarly, Michelle Holleman, spokeswoman for the Chicago Teachers Pension Fund, said fund executives have checked with their financial managers and determined that it “does not have any direct or indirect investments in crypto account.” It had $13.4 billion in assets and 65,000 members as of June 30, 2021, according to its most recent annual financial report.

The city of Chicago also checked after news accounts began to emerge that some large investment funds were involved in crypto, if not directly then via pooled accounts such as…

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Posted by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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