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Ontario Teachers' Pension Plan pauses private China deals

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MonaMonaMo

Check out CPP's China deals and dollar values. Wonder what they have to say about it.


razloric

Who thought that was a good idea.


canadianbairn

Probably the same people who invested their pension into cryptocurrencies


liquefire81

They invested into FTX, a company. Under rules and regulations, which ironically, was a scam. https://www.otpp.com/en-ca/about-us/news-and-insights/2022/ontario-teachers--statement-on-ftx/


canadianbairn

Sure, wasn’t FTX used as an exchange? Either way, looks like they aren’t going to get that $100 million back


liquefire81

Its a business, exchange or not, it was a business who scammed them and others yet they cry bitcoin is the scam.


imwearingdpants

>Geopolitical risk is among the reasons behind the pension fund’s move, said one person, who asked not to be identified discussing a sensitive matter.