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The Ontario Teachers Pension Plan fund is worth $241.6B (as of December). They can afford to lose their entire bet on FTX. It’s about half a percent of their ho
by ttul 4y ago
The Ontario Teachers Pension Plan fund is worth $241.6B (as of December). They can afford to lose their entire bet on FTX. It’s about half a percent of their holdings.
OTPP regularly invests in venture capital funds and makes direct venture capital investments, as do many pension funds and university endowments. These are prudently managed funds that have decades-long track records of sound financial management.
- dc-programmer 4y ago“ That same month, the Ontario Teachers’ Pension Plan (OTPP) announced its investment in FTX Trading Ltd, supplying at least $50 million into a meme-inspired fundraising round — raising $420.69 million from 69 investors. FTX hasn’t crashed like Celsius Network just yet, but the investment is putting teacher pensions in danger.” They must’ve put the new guy on this one
- aaaaaaaaata 4y agoYeah, comparing FTX and Celsius is like comparing politicians to card game street performers.