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Virginia Pension Funds Mull Investing in Crypto ‘Yield Farming’

May 3, 2022, 7:28 PM

Fairfax County, Virginia, is considering putting pension fund money in two crypto funds that use the investment strategy known as yield farming.

The funds, if approved in the coming days, will be used to provide liquidity on decentralized cryptocurrency exchanges, according to Katherine Molnar, chief investment officer at the Fairfax County Police Officers Retirement System. She made the comments at the Milken Institute Global Conference in Los Angeles on Tuesday.

Fairfax County was one of the first U.S. counties to put pension money into crypto-linked investments in 2019. Molnar expects the investments being considered to offer a yield of ...