SSE PLC has sold a 25% stake in its energy transmission grid unit for $1.8 billion (£1.5 billion) to Ontario Teachers’ Pension Plan Board. The London-listed SSE revealed the plans for a portion of i...
Tag: Pension
Ontario Teachers Pension Plan Writes Down $95M FTX Investment
The Ontario Teachers Pension Plan (OTPP), one of the third largest investment funds in Canada, announced Friday that it would liquidate its entire position in the beleaguered crypto exchange FTX. The ...
Ontario Teachers’ Pension Plan Writes Off $95M Exposure to FTX
9 seconds ago | 2 mins read Exchange News Investments are made on behalf of 333,000 active and retired educators via the OTPP. Last Monday, FTX initiated Chapter 11 bankruptcy protection. Canada’s thi...
Ontario Teachers’ Pension Plan Writes Down $95M FTX Investment
The Ontario Teachers’ Pension Plan has written down its 95 million FTX Investment after the exchange collapsed amid a liquidity crisis. In a statement, the fund revealed ownership of 0.4% in FTX.com a...
Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’ – Featured Bitcoin News
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conduc...
Ontario Teachers’ Pension Plan is latest FTX investor to mark venture investment to zero
It’s relatively rare for an institutional investor to make a public statement about a loss on a venture-capital investment, but nothing about FTX International’s $32 billion blow-up and bankruptcy is ...
Canada’s largest pension fund writes off $95M FTX investment
Canada’s largest pension fund Ontario Teachers said it would write off its $95 million in bankrupt crypto exchange FTX, according to a Nov. 17 press statement. According to the pension fund, it made t...
Ontario Teachers’ Pension Plan to write down $95 million FTX investment to zero
The Ontario Teachers’ Pension Plan (OTPP), one of the most important pension funds in the world, will write down all of its $95 million investment in FTX and FTX US. The OTPP had invested ...
Canada’s Teacher’s Pension Fund Faces Investment Issue in FTX’s Liquidity Crunch
Canada’s Ontario Teachers Pension Plan (OTPP) is in jeopardy due to its large investment in the cryptocurrency exchange FTX, which is currently facing a significant liquidity crunch. A recent report f...
Canada’s third-largest pension fund invested in FTX at $32B valuation
The third-largest pension fund in Canada could suffer major losses as part of the FTX fallout. The Ontario Teachers’ Pension Plan was among a handful of investors that participated in a $400 million S...
Should You Retire Early to Get a Larger Lump Sum on Your Pension?
The math on when and how to retire is shifting for millions of workers with pension plans. Blame the steep rise in interest rates. When workers retire with a pension, many are given a choice between r...
Is crypto too risky for a retirement pension?
Much material is written about the perceived risks of including crypto in retirement pensions. Could crypto be a viable investment? According to many mainstream media accounts, crypto is a “trendy” bu...
Pension Fund-Backed Parataxis Digital Yield Fund Targets $500M in Assets in 2023
Parataxis, which currently has about $116 million in assets under management, primarily focuses on institutional investors such as banks, family offices and pension endowments. The market-neutral Para...
Hedge Fund Titan Warns UK Pension Crisis Is Just the Start
(Bloomberg) — For one of the world’s largest hedge funds, the UK pension fund crisis is just starting as central banks around the world raise interest rates and turn off quantitative easing. Mos...
Robert Kiyosaki Revealed His Bitcoin Investments With Pension Funds
Robert Kiyosaki says pension funds are the biggest investment in the world. Kiyosaki stated the pension crisis highlighted central banks’ inability to control inflation. Robert Kiyosaki, the well-know...
Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds and Inflation – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he buys bitcoin. Citing inflation, he detailed that pension funds are investing in cryptocurrency, addi...
Pension Rebalancing Threatens to Spur $26 Billion Equity Selloff
(Bloomberg) — US stock investors looking for anything that could halt the rout might not be able to count on a source of support that’s buoyed markets in the past: portfolio rebalancing. Every q...
Pension fund panic led to Bank of England’s emergency intervention
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal...
IBM transfers $16 billion in pension obligation to Prudential, MetLife
International Business Machines Corp. IBM, -2.61% said late Tuesday it will book a charge of about $5.9 billion in the third quarter to offload pension risk. The Armonk, NY-based tech company said in ...
Ontario Teachers Pension Floats with FTX Trading amid Crypto Volatility
Ontario Teachers Pension Plan (OTPP), Canada’s major professional pension fund plan company, has disclosed that its bet on FTX trading carries the lowest risk in the entire crypto asset class, R...
SEC Greenlights $35 Trillion Pension Pot For Clearing House Default – Trustnodes
The Securities and Exchanges Commission (SEC) has removed a $1 billion cap on the amount of pension funds that can be tapped by the Options Clearing Corporation (OCC) in case one of its members defaul...
Largest U.S. Pension Bought EV Stocks Rivian and Li Auto. What It Sold.
Text size The Rivian R1S. Pension giant Calpers bought more Rivian shares in the second quarter. Courtesy of Rivian America’s largest public pension has increased bets in electric-vehicle makers. Cali...
Canadian pension fund writes off investment in Celsius
Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) revealed on Wednesday that it has written off its investment in Celsius. CDPQ, which manages about CAD$392 billion ($303 billion) ...
Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months
According to local news outlet LaPresse on Wednesday, the Caisse de dépôt et placement du Québec (CDPQ), an institutional investor chartered with managing retirement assets in Canada’s predomina...
This U.S. pension plan faces a bigger crisis than the U.K.’s
Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of turmoil is “unlikely,” it says. We can only add...