Missouri State Employees' Retirement System, Jefferson City, had a small exposure to FTX, the crypto currency exchange that recently filed for bankruptcy.
The exposure was "gained through an investment in the BlackRock PE Co-Investment 2021 fund." said Candy Smith, spokeswoman for the pension fund, in an email Nov. 18 about information reported at MOSERS' board meeting Nov. 17.
MOSERS had $8.2 billion in assets as of June 30.
According to the latest updated portfolio estimates, Ms. Smith said MOSERS had about $1.2 million in exposure to FTX at the time of the bankruptcy filing Nov. 11.
"This represents approximately 0.01% of the MOSERS total portfolio exposure, or about 1 basis point," she added.
Other institutional investors, including the $182.3 billion Washington State Investment Board, Olympia; C$242.5 billion ($182 billion) Ontario Teachers' Pension Plan, Toronto; and $77.3 billion Alaska Permanent Fund Corp., Juneau, had either direct or indirect exposure to FTX.
