Jo Taylor – CEO of the $190 billion Ontario Teachers’ Pension Plan (OTPP) – tellswith The Financial Times said the fund would refrain from investing. cryptocurrency due to the loss caused byFall of FTX
“We have learned some from investing. We get feedback from our members. And we mourn the loss on their behalf.”
The OTPP has previously shown its support for FTX, with two investments in 2021 and early 2022 totaling $95 million, back then FTX was one of the leaders while the crypto market was in the leg. climb
While the fund’s investments make up less than 0.05% of its total assets, OTPP has faced criticism for investing in a company whose founder – Sam Bankman-Fried (SBF) – is accused of fraudulent activity.
Another giant Canadian pension fund that had a bad experience in crypto investing last year was Caisse de dépôt et placement du Québec (CDPQ), losing $150 million after investing in the Celsius platform.
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