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Ontario Pension says any loss from FTX investment to have limited impact

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The Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million to the troubled cryptocurrency exchange FTX and any financial loss from the exposure will have limited impact on the pension plan.

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.

 

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Interesting, last month ecb had to bail out pension funds.

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