Morgan Creek Digital now takes up around 1 percent of the assets of two Fairfax Retirement System pension funds – an investment which has more than doubled since taking their first position in the fund that closed in February. Two of the three pension funds under the system from Fairfax County, Virginia, the Police Officer’s Retirement System and Employees’ Retirement System, invested $55 million in Morgan Creek’s second fund in October. The new allocation came after seeing good preliminary results from the first fund, in part because of the performance of crypto, which makes up 15 percent of the Morgan Creek’s ... (full story)