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Boaz Weinstein hedge fund settles investor lawsuit

Move brings legal battle with Canada’s Public Sector Pension Investment Board to a close

Boaz Weinstein hedge fund settles investor lawsuit

The hedge fund manager Boaz Weinstein has ended a legal feud with one of the largest former investors in his firm Saba Capital Management, The Wall Street Journal reports.

Canada’s Public Sector Pension Investment Board - one of the country's largest pension funds - alleged in 2015 that Saba had slashed the value of its portfolio just before paying out millions of dollars in redemption requests, a move that effectively “short-changed” the pension of money it was entitled to receive back.

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