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.
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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
