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Ontario Teachers' Pension Plan writes down FTX investment to zero

Summary by Ground News
The Ontario Teachers' Pension Plan said this week it will write off its US$95-million investment in FTX, the cryptocurrency exchange that collapsed last week. It follows a move by the Caisse de d'p�t et placement du Qu�bec to write off a US$150-m investment in Celsius Network in August. The investments point to the wider risks pension funds have taken on as part of a hunt for returns, a pension expert says.

28 Articles

Dawson Creek MirrorDawson Creek Mirror
Lean Left

Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet

TORONTO — For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours.

·British Columbia, Canada
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Times ColonistTimes Colonist
Lean Left

Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet

TORONTO — For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours.

·Victoria, Canada
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City NewsCity News
Center

Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet

TORONTO — For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours.

·Toronto, Canada
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Midland TodayMidland Today
Lean Left

Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet

TORONTO — For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours.

·Midland, Canada
Read Full Article
Barrie TodayBarrie Today
Lean Left

Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet

TORONTO — For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours.

·Barrie, Canada
Read Full Article
Toronto SunToronto Sun
Right

Ontario Teachers' Pension Plan writes down US$95M FTX investment to zero

The Ontario Teachers' Pension Plan says it is writing down its US$95-million investment in FTX to zero.

·Toronto, Canada
Read Full Article
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Bias Distribution

  • 65% of the sources lean Left
65% Left

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CP24 broke the news in Toronto, Canada on Friday, November 18, 2022.
Sources are mostly out of (0)

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