The Ontario Teachers’ Pension Fund wrote down its $95 million in
The Ontario Teachers' Pension Plan (Ontario Teachers' Pension Plan) stated that it has stopped getting involved in the cryptocurrency field after fully deducting its
95
million investment in FTX last year. It is now focusing on new opportunities in the real estate field and hopes to expand its investment in Exposure to private credit.
According to previous news in November 2022, the Ontario Teachers' Pension Fund stated that it will fully write down its US
95
million investment in FTX by the end of the year. The fund said it invested
75
million in FTX International and its U.S. entity, FTX.US, in October 2021, and then invested another
20
million in FTX.US in January of this year.
The investments were made through the Teachers' Venture Growth (TVG) platform and represented less than 0.05% of the fund's total NAV, the statement added. The Ontario Teachers' Association said the financial loss of the investment would have limited impact on the fund.
95
million investment in FTX last year. It is now focusing on new opportunities in the real estate field and hopes to expand its investment in Exposure to private credit. According to previous news in November 2022, the Ontario Teachers' Pension Fund stated that it will fully write down its US
95
million investment in FTX by the end of the year. The fund said it invested
75
million in FTX International and its U.S. entity, FTX.US, in October 2021, and then invested another
20
million in FTX.US in January of this year. The investments were made through the Teachers' Venture Growth (TVG) platform and represented less than 0.05% of the fund's total NAV, the statement added. The Ontario Teachers' Association said the financial loss of the investment would have limited impact on the fund.