 >A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, bitcoin is also set to be featured in more of its Kiwisaver investment schemes within the next five years. [New Zealand Fund Invests 5% in Bitcoin— CIO Says You 'Can’t Really Discount Bitcoin'](https://news.bitcoin.com/new-zealand-fund-invests-5-in-bitcoin-cio-says-you-cant-really-discount-bitcoin/)
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