Key Takeaways
- • TiffinOhio.net reports that Ohio's State Teachers Retirement System (STRS Ohio) held shares in a drug company tied to Republican gubernatorial candidate Vivek Ramaswamy, and the holding lost roughly $517,000 in reported value after an Alzheimer's drug failed.
- • The publication says it traced nearly $7.5 million in market-value declines across eight public pension investments linked to Ramaswamy-associated drug companies, per federal securities filings.
- • Ramaswamy's support for allowing Ohio public pensions to invest in crypto, as reported by TiffinOhio.net, drew scrutiny given the losses of his own Bitcoin company, Strive, which reportedly lost $523 million.
- • Sources cited by the publication frame the episode as a political issue in Ohio's gubernatorial race, with Democratic candidate Amy Acton criticizing Ramaswamy over the pension losses.
Summary
TiffinOhio.net reported on October 16, 2026 that Ohio teachers' retirement assets were exposed to stock declines in drug companies connected to Vivek Ramaswamy. According to the publication, STRS Ohio held shares in a drug company tied to Ramaswamy; after its Alzheimer's drug failed, the stock collapsed and about $517,000 was removed from the reported value of that investment. The outlet said the fund also held shares in a second Ramaswamy-linked drug company before another stock crash, and that across eight public pension investments it traced nearly $7.5 million in market-value declines, citing federal securities filings.
A separate TiffinOhio.net-linked report cited in the supplemental material described public pension losses in Ohio of about $32 billion during a 2022 market downturn, and quoted Ramaswamy calling that crash "medicine" and a "good thing." That figure relates to the 2022 market decline and is presented here only as historical context.
The coverage also highlights Ramaswamy's advocacy for allowing Ohio pensions to invest in cryptocurrency. According to a cited report, his proposal sets no limit on how much pension money could be allocated to crypto, and his own Bitcoin company, Strive, has reportedly lost $523 million. Democratic gubernatorial candidate Amy Acton has used the pension losses in campaign messaging, stating that Ohio teachers and public pensions lost nearly $2 million because they trusted Ramaswamy. Ramaswamy's campaign response was not available in the source material.
The original article could not be retrieved in full, so the figures above rely on the publisher's headline and snippet and should be verified against the underlying federal filings.
A separate TiffinOhio.net-linked report cited in the supplemental material described public pension losses in Ohio of about $32 billion during a 2022 market downturn, and quoted Ramaswamy calling that crash "medicine" and a "good thing." That figure relates to the 2022 market decline and is presented here only as historical context.
The coverage also highlights Ramaswamy's advocacy for allowing Ohio pensions to invest in cryptocurrency. According to a cited report, his proposal sets no limit on how much pension money could be allocated to crypto, and his own Bitcoin company, Strive, has reportedly lost $523 million. Democratic gubernatorial candidate Amy Acton has used the pension losses in campaign messaging, stating that Ohio teachers and public pensions lost nearly $2 million because they trusted Ramaswamy. Ramaswamy's campaign response was not available in the source material.
The original article could not be retrieved in full, so the figures above rely on the publisher's headline and snippet and should be verified against the underlying federal filings.
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