OTPP, Canada's No. 3 pension fund, said it made the investments in FTX International and FTX U.S. exchange through its Teachers' Venture Growth fund, representing less than 0.05% of the pension fund's total net assets, it said.
In an interview with Reuters in September, OTPP had described its investment in FTX as the one having "lowest" risk profile in this space."Naturally, not all of the investments in this early-stage asset class perform to expectations," the fund said.
Interesting, last month ecb had to bail out pension funds.
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