Ontario Teachers Sunk $95M in FTX—Pension Fund Says Collapse Will Have ‘Limited Impact’

[Google News Bot]

The Ontario Teachers’ Pension Plan says the $95 million it invested in FTX Trading and FTX US will have a “limited impact” on the plan. The investment represents 0.05% of its total net assets, the organization said yesterday in a statement. If a Canadian pension fund investing in a crypto firm that’s gone bankrupt sounds familiar that’s because it has happened before. In August, CDPQ—one of Canada’s largest pension managers—announced that it had written off its $150 million investment in bankrupt crypto lender Celsius Network. There are other large pension funds tha ...

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