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Don't forget about investors who didn't realize they were investors: https://www.msn.com/en-us/money/companies/ontario-teachers-pension-plan-is-latest-ftx-inves
by jerf 4y ago
Don't forget about investors who didn't realize they were investors: https://www.msn.com/en-us/money/companies/ontario-teachers-pension-plan-is-latest-ftx-investor-to-mark-venture-investment-to-zero/ar-AA14h1Zg https://www.msn.com/en-us/money/companies/ontario-teachers-p...
That's not necessarily a catastrophe: "The FTX loss amounts to less than 0.05% of the pension plan’s total net assets and it remains in a financially strong position, according to a statement on the Ontario Teachers’ Pension Plan website." But, still, that's a lot of people who didn't think/know they were invested in FTX... but they were.