A lot of people using the OTPP to push narratives need to read up on it a little. It’s a massively successful pension fund that’s out there crushing it for public school teachers (32 year average return of 10%). The amount they lost here is not even a blip. It’s just part of the process of investing $240B of assets. You can captain hindsight it all you want but they are completely correct to make some higher risk investments along with the lower risk ones too.

I’m not suggesting that the OTPP is the best pension fund around. Just that there’s no story here. They invested a penny in a high risk venture and lost it badly.