Cartwright, the pension specialist for defined benefit and hybrid schemes, today announced a pioneering bitcoin allocation into the investment portfolio of a UK Pension Scheme. The first of its kind in the UK, the allocation took place in October after a rigorous training and due diligence process. It saw Trustees of the unnamed scheme choose to make a 3% bitcoin allocation, reflecting the scheme’s relatively long investment time horizon. Bitcoin’s asymmetric return profile enables a small allocation to have a big positive financial impact, protected by the extensive risk management at both scheme and asset levels.