Canada's biggest pension fund ends crypto investment pursuit: sources

The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct investments in crypto. It referred to previous comments on cryptocurrency by its chief executive, John Graham, in which he sounded a note of caution.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

Earlier this year CPPI CEO Graham said that the pension plan, which manages $529 billion for nearly 20 million Canadians, did not want to invest in crypto merely because of the fear of missing out. “You want to really think about what the underlying intrinsic value is of some of these assets and build your portfolio accordingly,” Graham said in a June speech. “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.”

Source: News Formal (newsformal.com)

Any commentsm Freeland? She was In a tither to get Poilievre to apology over supposedly encouraging people to invest.😂

Makes you wonder about Cdn pension funds.

Blockchain technology is what they should be looking at.

how much did they lose?

Common sense eluded the investment brains at this pension fund. Just proves educational and experience is no substitute for understand what common sense is?

What crypto investment? They purchased an exchange and got fooled by a scammer.

'Crypto investment' ≠ buying shares of companies with bad share structures, loans, debt, management ETC. How so many fund managers chose this route is... staggering and very surprising. Buy a $80 cold storage device and that's it. It's that simple. Or an ETF. Bitcoin Satoshi

This account is under investigation for foreign interference.

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