Major Australian pension fund Hostplus considers crypto investment option

Major Australian pension fund Hostplus is considering offering a cryptocurrency investment option through its Choiceplus retirement savings product, Bloomberg reported. Sam Sicilia, the fund's chief investment officer, stated that about 1% of Hostplus's total assets are currently invested in Choiceplus. He added that the fund is designing the product's structure and plans to launch it as early as the next fiscal year. Hostplus has approximately $105 billion in assets under management.