{"id":1317,"date":"2018-03-19T16:00:00","date_gmt":"2018-03-19T20:00:00","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/bloomberga-crypto-craze-finds-few-fans-at-endowments-maybe-not-for-long\/"},"modified":"2021-11-02T19:10:07","modified_gmt":"2021-11-02T23:10:07","slug":"bloomberga-crypto-craze-finds-few-fans-at-endowments-maybe-not-for-long","status":"publish","type":"newsroom","link":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/bloomberga-crypto-craze-finds-few-fans-at-endowments-maybe-not-for-long\/","title":{"rendered":"Bloomberg:\u00a0Crypto Craze Finds Few Fans At Endowments. Maybe Not For Long"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text uncode_shortcode_id=&#8221;425534&#8243;]Endowments and foundations are steering clear of the crypto-craze. At least for now.<\/p>\n<p><!--more-->Ninety-six percent of top officers at these organizations said they aren&#8217;t investing in cryptocurrencies and have no plans to do so, according a survey released Monday by consulting firm NEPC. But plenty of them are intrigued. While just two percent of respondents said they&#8217;ve already entered the digital market, about 20 percent of NEPC&#8217;s endowment and foundation clients have started looking into the asset class, said Scott Perry, a partner at NEPC. Clients of the Boston-based firm include more than 100 such institutions with total assets of about $62 billion.<\/p>\n<p>&#8220;Cryptocurrencies in theory could be a real return enhancement and an interesting holding in a world that isn&#8217;t awash with lucrative investment ideas,&#8221; Perry, who focuses on endowment and foundations, said in a telephone interview.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-12\/crypto-craze-finds-few-fans-at-endowments-maybe-not-for-long\" target=\"_blank\" rel=\"noopener\">Read the full article on\u00a0Bloomberg&#8217;s website here.<\/a><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-12\/crypto-craze-finds-few-fans-at-endowments-maybe-not-for-long\" target=\"_blank\" rel=\"noopener\" data-mce-target=\"_blank\"><img decoding=\"async\" style=\"width: 320px;\" src=\"https:\/\/www.nepc.com\/private-wealth\/wp-content\/uploads\/sites\/3\/2021\/09\/bloomberg-logo.jpg\" alt=\"bloomberg-logo.jpg\" width=\"320\" \/><\/a>[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text uncode_shortcode_id=&#8221;425534&#8243;]Endowments and foundations are steering clear of the crypto-craze. At least for now.<\/p>\n","protected":false},"author":95,"featured_media":1273,"template":"","meta":{"content-type":"","footnotes":""},"newsroom_categories":[81],"newsroom_tags":[91,83],"class_list":["post-1317","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","newsroom_categories-in-the-news","newsroom_tags-endowments-foundations","newsroom_tags-press-coverage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bloomberg:\u00c2\u00a0Crypto Craze Finds Few Fans At Endowments. Maybe Not For Long<\/title>\n<meta name=\"description\" content=\"Bloomberg: Endowments and foundations are steering clear of the crypto-craze. At least for now. Ninety-six percent of top officers at these organizations said they aren\u00e2\u20ac\u2122t investing in cryptocurrencies and have no plans to do so, according a survey released Monday by consulting firm NEPC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepc.com\/private-wealth\/newsroom\/bloomberga-crypto-craze-finds-few-fans-at-endowments-maybe-not-for-long\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg:\u00c2\u00a0Crypto Craze Finds Few Fans At Endowments. Maybe Not For Long\" \/>\n<meta property=\"og:description\" content=\"Bloomberg: Endowments and foundations are steering clear of the crypto-craze. At least for now. 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