With peers writing off their stakes in failed FTX and Celsius, CPP Investment – Canada’s largest pension fund managing $388 billion in assets – has reportedly given up its own efforts in exploring crypto investment. luo_trista reports
Having managed to sidestep the crypto investments that burned two other major Canadian pension funds, CPP Investment is no longer pursuing opportunities in that sector, reports Reuters.
Though declining to comment on the specific reasons, CPPI pointed to summer comments from its CEO John Graham: “You want to really think about what the underlying intrinsic value is of some of these assets and build your portfolio accordingly … So I'd say crypto is something we continue to look at and try to understand, but we just haven't really invested in it."
In doing so, CPPI – which has $388 billion in assets under management – managed to avoid losses suffered by pension fund peers Ontario Teachers’ , which had to
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