AMP Super shielded from crypto rout by early Bitcoin trim
AMP Super cut its Bitcoin exposure ahead of the abrupt crypto sell-off last week, attributing the timely pivot to the soundness of its trading signals.
The $60 billion super fund first invested in Bitcoin futures through its dynamic asset allocation program in May 2024. The position, while representing only a tiny portion of AMP Super’s portfolio, was notable for making the retail player the first Australian super fund and one of the earliest global pension investors to back cryptocurrency.
Stuart Eliot, AMP Super head of portfolio design and management, tells Investment Magazine that the fund trimmed its Bitcoin exposure to around 0.02 per cent ($12 million) of the portfolio “a while…
