The Ontario Teachers’ Pension Plan (OTPP), Canada’s third largest pension fund, announced that it lost all of its $95 million investment in FTX.
Ontario Teachers Retirement Plan In the statement they shared on the official websites of the Board, in FTX they hold 95 million dollars announced that they lost all funding. In the statement made October 2021 bear and 2022 at the beginning 75 and 20 million dollars It was stated that all funds invested in FTX, including
The total assets of this investment of OTPP less than 0.05% that it represents.
In the statement made by the institution, FTX clear reports of fraud and it was emphasized that authorized institutions support their research on the subject:
Recent reports show potential fraud in FTX which is extremely worrying for all parties. We fully support the efforts of regulators and others to review the risks and causes of failure of this business. We will reduce our investment in FTX to zero at the end of the year. Given its size relative to our total net assets and our strong financial position, the financial loss from this investment will have a limited impact on the plan.