CPP Investments, Canada’s largest pension fund, has ended its investigation into investment opportunities in the volatile cryptocurrency market, according to two people familiar with the matter. The reasons for CPPI’s decision to abandon crypto research were not immediately clear. CPPI declined to comment but stated that it has not made any direct investments in cryptocurrency. It alluded to previous comments on cryptocurrency made by its CEO, John Graham, in which he expressed caution. According to the people, CPPI’s Alpha Generation Lab, which examines emerging investment trends, formed a three-person team in early 2021 to research crypto currencies and blockchain-related businesses with a view to taking potential exposure. According to the sources, CPPI abandoned the pursuit this year and redeployed the team to other areas.
