Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy

Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy

The Fairfax County Police Officers Retirement System, which is led by Chief Investment Officer Katherine Molnar and which was managing about $1.8 billion as of last summer, has invested in the crypto industry since 2019 – a notable and extremely rare step for pension funds. Prior investments have included a $50 million commitment in Morgan Creek Capital’s blockchain fund.

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