‘No role for crypto in super’: UniSuper
UniSuper chief investment officer, John Pearce, has shared his thinking behind why the $158 billion superannuation fund is yet to invest in cryptocurrency.
Speaking at the annual congress of the Financial Advice Association Australia (FAAA) in Perth, Pearce discussed the superannuation’s fund approach to cryptocurrency on a panel.
He said: “I have very strong views on this and we categorically don’t invest in crypto, I incur the wrath of my younger colleagues who call me a ‘neanderthal’ but we are the fiduciary stewards of superannuation, we are not punting money.
“We think of our assets as our parents’ life savings, money they have worked for all their lives and they are trusting us to invest it for them. One of our guiding…
