Thursday, 18 September 2014
Last updated 11 hours ago
Nov 13 2007 | 7:43am ET
Boaz Manor, the co-founder of collapsed Canadian hedge fund Portus Alternative Asset Management, is set to return to Toronto today to face fraud charges, more than two years after fleeing to Israel as regulators closed in.
Manor will be accompanied from Tel Aviv by a lawyer from KPMG—the court-appointed receiver for Portus—who will turn the wayward hedge fund manager and his passport over to the Royal Canadian Mounted Police. Later today, Manor faces a bail hearing.
Portus collapsed in 2005 after Ontario regulators froze its assets. In September, Manor and his co-founder, Michael Mendelsohn, were charged with fraud, money laundering, obstruction of justice and possession of property obtained by a crime. Last month, an Israeli court lifted a travel ban it had imposed—at KPMG’s request—two years ago.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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