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.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againThe investments were made through Teachers’ Venture Growth in a move to gain exposure to an emerging area in the financial technology sector.
Ouch
I'm more concerned about the money school boards piss away.
They’re financed mostly by sunshine list members so they’ll be fine. Money to burn.
What logo are Major League Baseball umpires going to sport on their uniforms next year?
No worries, Ford will top them up.
This is the same pension plan that isn't fully funded by its own members and gets taxpayer top up.....how nice to be so flip with other people's money.....investigation needed.
Hahahaha!!!
its ok, with their strike, and their new wage extortion... err... negotiations, that will cover it.
Wouldn’t want it happening to my pension, push to get it back .
now they'll go on strike and make Canadian's pay for their stupid mistake
But teacher's unions are going on strike because teachers want more money. $95 million is a drop in the bucket for them. If a ''disability pension'' of $20 000 per year was implemented, that $95 million would pay for 4750 people. What a callous group of people those teachers are.
Is this Putins fault?
Yet the Toronto Sun champions Pierre. The bitcoin pusher.
Honestly I wouldn’t be surprised to hear that teachers want the tax payers to make up for the losses. That’s how upside down things have become.
Where is the Liberal outrage?
All the teachers who have and continue to whine about listening to the experts when it comes to masking, you should have zero comments on this. Your financial experts chose to buy FTX! Aren’t you thankful of experts?
They can certainly afford it.
Wait until ESG’s get em
ThinkingCrypto1 😂😂😂😂 Decentralised finance solves this
mean while the pot industry legalized by Liberals has lost investors
Ooops
Ah! Absolute karma! Wow! 👍😅
Now they are going on strike to cover the losses
How much went pension plan ftz trudeau foundation
Thank Pee Pee for that!
I bet you someone walked away with a lot of money 💰 though
Tax Harvesting?
the term is 'write off'
What the hell are they doing investing in shitcoins. Really stupid move.
Lmfao. Atleast PierrePoilievre4PM didn’t invest their money, who did?
Lol
LMFAO
Why would they invest in such an obvious scam ?
Wouldn’t be nice to have a pension ! And the conservatives want to get rid of your pensions to will get from Canada wonder how they pay us all back for what we have been putting into it our money
tuesday7595 Awesome! 🤦🏻♂️🤦🏻♂️🤦🏻♂️
dont let them CALL us RABBI they will hold us accountable for their 'choices'
How in the hell can that happen a hundred million 🤔 if I was a teacher I would be looking for some answers, there’s a bad smell with this one always was. Who got paid a commission, follow the money.
The teacher's pension fund has an egg on its face. Hopefully, they vote to dismiss the investor because they will be paying higher pensions for the many who will be retiring.
Don’t tell Gil McGowan AFL, he’ll have a meltdown attacking them 😂
Rage farmers outraged that an investment fund dropped 0.05% of its $2B value (something that fluctuates multiple times per second) because it was prudent, did due diligence and didn't lose its shirt like PierrePoilievre would've.
Not very bright of who ever bought into it to begin with, our portfolio manager discussed it with us before when we asked about it saying they wouldn’t be investing into anything crypto at this time
No wonder they’re trying to fleece taxpayers in the name of “fighting for the kids” it’s not about money bullchit?
I would love to be walked through their due diligence before they bought in to this.
problem is these guys are paid to be smart.
You mean Kevin O'Leary doesn't want to buy their position?
FoxNews TuckerCarlson what's going on in canada
Sue them
True.. very rich teachers pension plan. However 95M nothing to downplay....
Lol who signed off on that awful investment.
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