Canada's Third Largest Pension Fund Teachers May Face Large Investment Losses in FTX Incident

According to the Globe and Mail, Canada’s third largest pension fund, Teachers, participated in FTX’s $420 million financing in October 2021 at a valuation of $25 billion, and was listed as the first in the financing announcement. Disclosed the size of the investment, but noted that FTX was not included in its 2021 annual report of investments over $200 million. It is reported that this is not the first mistake of the Canadian pension fund. CDPQ, one of the largest pension management companies in Canada, has previously written off its $150 million investment in the bankrupt encryption lending platform Celsius Network.