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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.
Published 2 months ago

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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.

2 months ago·Toronto, Canada
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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.

2 months ago·Toronto, Canada
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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.

2 months ago·Toronto, Canada
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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…

2 months ago·New York, United States
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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, the cryptocurrency exchange that collapsed last week, to zero.

2 months ago·Toronto, Canada
Read Full Article

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.

2 months ago·Toronto, Canada
Read Full Article
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