On Thursday the Ontario Teachers Pension Plan OTPP released a statement saying that in October 2021 it invested 75 million in both FTX International and its US. The crypto exchanges disappearing fortunes have left another major investor in the dust this time a prominent Canadian pension fund.
 |
| Ftx Lures Blue Chip Investors In Funding Round Valuing Crypto Group At 25bn Financial Times |
The plan describes itself online as a story of disruption a story of challenging the status quo and taking calculated risks In an earlier statement the OTPP confirmed it had.
. Nov 17 Reuters - Canadas Ontario Teachers Pension Plan said on Thursday it will be writing down about 95 million of investments it had made in bankrupt cryptocurrency. Rival exchange platform Binance pulled out of. The Teachers plan had total net assets of 2425 billion as of June 30 2022. Teachers watched Tuesday as.
The Ontario Teachers Pension Plan says it is writing down its US95-million investment in FTX the cryptocurrency exchange that collapsed last week to zero. Investor Studied Crypto for Years Then Missed FTXs Red Flags Ontario Teachers was an early booster of corporate governance The pension fund will write its 95 million. The pension fund also extended the same support to FTX in January 2022 joining a handful of other investors such as Temasek Paradigm and SoftBank Vision Fund 2 to participate in a. The Ontario Teachers Pension Plan said this week it will write off its US95-million investment in FTX the cryptocurrency exchange that collapsed last week following a move by.
The pension fund invested an undisclosed amount in FTX during a 420 million funding round last October. The Ontario Teachers Pension Plan says the 95 million it invested in FTX Trading and FTX US will have a limited impact on the plan. A year ago at an announced US25-billion valuation. Canadas Ontario Teachers Pension Plan said on Thursday it will be writing down about 95 million of investments it had made in bankrupt cryptocurrency exchange FTX Group.
The FTX loss amounts to less than 005 of the pension plans total net assets and it remains in a financially strong position according to a statement on the Ontario Teachers. The fund had taken a 75M stake in FTX International and its US. Division FTX US in October 2021. Canadas Ontario Teachers Pension Plan OTPP is in jeopardy.
As the price of FTT went down more than 70 in a day the 32 billion valuation of FTX which was constant at the time of investment from the Ontario Teachers Pension Plan. Ontario Teachers one of Canadas largest pension funds with nearly 250 billion in assets under management AUM will write down the entirety of its 95 million investment in. It appears the FTX carnage has no end. Canadas Ontario Teachers Pension Plan could lose as much as 95 million.
Teachers which is Canadas third-largest pension fund invested in trading platform FTX Ltd. The investment represents 005 of its total net. Ontario Teachers Pension Plan OTPP Canadas third largest pension fund issued a statement Thursday regarding its investment in the collapsed cryptocurrency. The 183 billion Canadian pension fund said its exposure to failed crypto exchange was minimal.
FTX was a high-flyer in the crypto world before its spectacular fall this week. The Ontario Teachers Pension Plan says it invested US95 million into failing cryptocurrency exchange platform FTX Trading. In January 2022 it then made a follow-on investment of 20M in FTX US the. Reuters - Canadas Ontario Teachers Pension Plan said on Thursday it will be writing down about 95 million of investments it had made in bankrupt cryptocurrency.
Ontario Teachers Pension Plan OTPP Canadas third-largest pension fund placed a massive bet on the crypto exchange FTX in October 2021 with two different. TORONTO - The Ontario Teachers Pension Plan says it is writing down its US95-million investment in FTX the cryptocurrency exchange that collapsed last week to zero.
 |
| Ontario Teachers Pension Plan Invested Us 95m Into Failing Crypto Platform Ftx Globalnews Ca |
 |
| Ontario Teachers Pension Plan Writes Off 95m Exposure To Ftx Thenewscrypto |
 |
| Ontario Teachers Pension Plan Writes Off Investment In Ftx |
 |
| The Ontario Teachers Pension Plan States It Invested 75 Million In Ftx International And Made A Second Investment Of 20 Million In Ftx Leaving A 95 Million Dollar Hole In Canada S Largest |
 |
| Ontario Teachers Pension Could Lose 95 Million On Ftx Investment Chief Investment Officer |
