Friday, 28 November 2014
Last updated 1 day ago
Nov 14 2007 | 7:17am ET
The co-founder of a collapsed hedge fund returned to Canada yesterday, was arrested on fraud charges and later released on bail.Boaz Manor, the co-founder of Portus Alternative Asset Management who has spent the last two years on the lam in Israel, was taken into custody by the Royal Canadian Mounted Police at Toronto’s Pearson International Airport yesterday morning. Manor was released on C$250,000 (US$260,000) bail after a court hearing, and ordered to remain in Ontario at a known address. He was also banned for contacting about two dozen people, including Portus co-founder (and his co-defendant) Michael Mendelsohn, potential witnesses and others involved with the firm, which collapsed in 2005.
Manor is due back in court on Nov. 27. He and Mendelsohn face 12 counts of fraud, money laundering and possession of private property. Manor also faces obstruction of justice charges.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...