Published 1 year ago

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.

0 Articles

All

Left

Center

Right

CTV News

Ontario Teachers' Pension Plan writes down FTX investment to zero

The Ontario Teachers' Pension Plan says it is writing down its US$95-million investment in FTX, the cryptocurrency exchange that collapsed last week, to zero.

1 year ago·Canada

Read Full Article

Global News

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

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.

1 year ago·Toronto, Canada

Read Full Article

The Epoch Times

Ontario Teachers' Pension Plan Writes Down FTX Investment to Zero

The Ontario Teachers’ Pension Plan says it is writing down its US$95-million investment in FTX, the cryptocurrency exchange that collapsed last week, to zero. The Ontario pension fund invested US$75 million in FTX International and its US entity FTX.US in October 2021 followed by an additional US$20 million in FTX.US in January this year. The investments were made through Teachers’ Venture Growth in a move to gain exposure to an emerging area in…

1 year ago·New York, United States

Read Full Article

Toronto Sun

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.

1 year ago·Toronto, Canada

Read Full Article

SooToday.com

Ontario Teachers' Pension Plan writes down FTX investment to zero

TORONTO — The Ontario Teachers’ Pension Plan says it is writing down its US$95-million investment in FTX, the cryptocurrency exchange that collapsed last week, to zero.

1 year ago·Sault Ste. Marie, United States

Read Full Article