In the News: How are Pension Funds and Other Institutional Investors Approaching Investments in 2023?

February 13, 2023 | Hamilton, ON
Contributed by Blake Wolfe, Benefits Canada

Businessman working and using Digital Tablet new business project finance investment at coffee cafe.

Amir Akbari, assistant professor of finance at McMaster University, says while most institutions are invested in the blockchain technology underlying crypto as opposed to direct exposure to cryptocurrency itself, the entire sector is coming under increasing scrutiny.

“A lot of investors, including many institutional investors, thought this was the future of investing. Most institutional investors are rebalancing their portfolios away from cryptocurrency. . . . There’s a cash flow with [blockchain] technology and, if you’re a long-term investor, you’re thinking about dividends. But the technology is also being hammered right now — people are casting doubt on it because it’s unregulated and very few people understand what they’re investing in.”

Read the full article at Benefits Canada.

Amir Akbari

Assistant Professor
Finance & Business Economics

Dr. Amir Akbari received his Ph.D. in Finance from McGill University. His main research interests include Empirical Asset Pricing, International Finance, Institutional Investing, and Financial Econometrics. His work has been published in leading peer-reviewed journals such as The Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Empirical Finance.

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