94-year-old legacy fund turns $6.2B from $500M with popular crypto stock
Yahoo Finance·2025-09-15 22:47
A 94-year-old Los Angeles mutual-fund giant, Capital Group, has made one of the biggest bets on Bitcoin by a mainstream investment firm. Portfolio manager Mark Casey, a veteran who has spent 25 years at the firm, has been one of its more public proponents despite the firm's conservative, disciplined investing reputation. Casey, who is 54 years old, calls Bitcoin "one of the coolest things ever created by people." He came to see it as a legitimate investment after a meeting in 2013 with Wences Casares. Af ...