Largest Asset Manager and a Pension Fund Among Those Affected by FTX Meltdown
- BlackRock and the Ontario Teachers' Pension Plan Board have both been hit by the collapse of FTX.
- Other investors in the $420 million funding round include Temasek, Sequoia Capital, and Tiger Global.
- Sequoia said that it would mark its FTX investment down to zero.
The world’s largest asset manager, BlackRock, and the Ontario Teachers’ Pension Plan Board are among those who have suffered from the fall of FTX. Both participated in a Series B-1 funding round for FTX.
The collapse of FTX has led to big dents in investments by multiple entities, including the world’s largest asset manager, BlackRock, and the Ontario Teachers’ Pension Plan Board. Other notable investors include Temasek, Sequoia Capital, and Tiger Global.
The Ontario Teachers’ Pension Plan Board is the third-largest pension fund in Canada, participating in a Series B-1 funding round in October 2021. Even when the market was experiencing heavy volatility, it stuck to FTX. It has not been made public how much the OTPP has invested in FTX.
Source : beincrypto.com/largest-asset-manager-pension-fund-affected-ftx-meltdown/ by Rahul Nambiampurath - November 10, 2022
