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Ontario teachers
Ontario Teachers' Pension Plan Won't 'Rush' Into Crypto After FTX Write-Off: FT
The fund has written off its $95 million investment in the bankrupt exchange.
FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services
Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection. And Genesis Block will cease over-the-counter (OTC) trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to a Reuters report. Genesis Block Trading is unrelated to Genesis Global Capital, which is owned by Digital Currency Group (DCG). DCG is also the parent company of CoinDesk.
Pension Giant Ontario Teachers' Plans to Write Off All $95M Invested in Crypto Exchange FTX
The investment in the now-bankrupt crypto exchange represented less than 0.05% of the fund's total net assets.
