Most government pension funds avoid FTX fallout: Report

Most of the largest U.S. state and local government pension funds have dodged the ongoing fallout from the collapse of crypto currency exchange FTX by not directly investing in digital tokens, reports Advisor Hub. For the pensions that had dipped into the risky asset class, the investments represent just a small amount of the retirement funds’ portfolio, and much of the limited exposure is indirect via crypto-related stocks or other investment products.