Multi-billion dollar assets management firm Neuberger Berman intends to invest up to 5% of its $164 million commodities mutual fund in bitcoin effective immediately, according to its latest amended filing with the US Securities and Exchange Commission (SEC).
The New York-based firm announced that it wants to gain indirect exposure to bitcoin by way of Bitcoin futures and BTC exchange-traded funds (ETFs), the latter of which are approved for trading in Canada.
“Effective immediately, Neuberger Berman Commodity Strategy’s Fund’s investment strategy will permit the fund to invest up to 5% of its assets in cryptocurrency investments through bitcoin futures and investments in the securities of exchange-traded funds organized and listed for trading in Canada to gain indirect exposure to bitcoin.”
