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Ontario Teachers fund steers clear of crypto after $95mn FTX loss

Ontario Teachers' Pension Plan steers clear of cryptocurrency after writing off $95mn FTX investment due to collapse and fraud charges against founder. The fund is eyeing fresh opportunities in real estate and private credit.

  • Ontario Teachers' Pension Plan writes off $95mn FTX investment after collapse and fraud charges against founder.
  • The fund is steering clear of cryptocurrency sector due to member feedback.
  • Other Canadian pension funds have also suffered losses from crypto investments.
  • OTPP is eyeing fresh opportunities in real estate and private credit.
Ontario Teachers fund steers clear of crypto after $95mn FTX loss
Head of $190bn pension plan wary of lightly regulated sector after member feedback

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