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

 

 

 

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 

 

READ MORE:

• Boaz Weinstein’s Hedge Fund Accused of Cheating Investor ,  Wall Street Journal

 

Read more about: Boaz Weinstein, Business/Finance, Canada, credit trader, Financial economics, hedge fund, PUBLIC SECTOR PENSION INVESTMENT BOARD, Saba Capital Partners L.P., Saba Offshore Feeder Fund