It's not about performance or risk management, it's about due diligence. They should not be giving any amount of money to an organization with such poor internal checks of their finances.
I'm sorry but thats not how it works. This investment was made out of their venture fund which deliberately makes risky bets, but is a small amount of the overall pie. OTPP is fine and is going to produce returns which are favorable, let's stop with the hyperbole.
--if you made an investment based on audited books but the books were still cooked - what more can you do? - audit the auditer maybe - at some point you have to trust the books --
wikfwikf|3 years ago
mbesto|3 years ago
pigtailgirl|3 years ago
origin_path|3 years ago
kasey_junk|3 years ago
Here are the other bets in their venture category: https://www.otpp.com/en-ca/investments/our-investments/teach...