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Boaz Weinstein’s fund is being sued for ‘manipulating the value’ of its assets

 

 

Boaz-Weinstein-Saba-Capital

 

One of Canada’s largest pension boards is suing Saba Capital, the hedge fund run by credit trader Boaz Weinstein, for allegedly “manipulating the value” of their investments in a fund.

The Public Sector Pension Investment Board (PSP Investments)
had $US500 million in the Saba Offshore Feeder Fund, making it the fund’s largest investor.

In a complaint filed Friday, it accused Saba of marking down the fund’s portfolio when the board asked for a redemption.

Read the full story at Business insider, by Julia La Roche 

 

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