News/Fairfax County Pension System to Invest in VanEck's Crypto Fund

Fairfax County Pension System to Invest in VanEck's Crypto Fund

Jul 06,2022,17:51
The Employees Retirement System and Police Officers Retirement System of Fairfax County, Virginia (USA) plans to invest in VanEck New Finance Income Fund, a crypto fund of management company VanEck, which has already made an initial commitment of $35 million. The fund is designed to seek income opportunities for investors via short-term lending arrangements with digital assets entities through a simplified approach that alleviates the operational burden of direct digital assets lending.
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