Having managed to sidestep the crypto investments that burned two other major Canadian pension funds, CPP Investment is no longer pursuing opportunities in that sector, reports Reuters.
Though declining to comment on the specific reasons, CPPI pointed to summer comments from its CEO John Graham: “You want to really think about what the underlying intrinsic value is of some of these assets and build your portfolio accordingly … So I'd say crypto is something we continue to look at and try to understand, but we just haven't really invested in it."
In doing so, CPPI – which has $388 billion in assets under management – managed to avoid losses suffered by pension fund peers Ontario Teachers’ , which had to
luo_trista Good. Stay out of it. More for the little guy. xrp
luo_trista Bunch of boomer clowns, all they had to do was buy bitcoin.
luo_trista Weak game
luo_trista Should‘ve bought Bitcoin
luo_trista If anything their failure shows how little they understand about the space yet There were multiple accounts on this side of twitter telling us for years that centralized exchanges were risky
luo_trista Breaking News
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