News

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.

WSJ Logo
It’s the Summer of Too Much Skin at the OfficeExternal link

It’s the Summer of Too Much Skin at the Office