« Boaz Weinstein’s Saba Capital Management LP and a Canadian pension fund will be forced to mediate a dispute over whether the $1.6 billion hedge fund manipulated its investments in a way that cheated Canadian retirees out of returns.
Canada’s C$112 billion ($86 billion) Public Sector Pension Investment Board sued Saba in New York state court last month, saying the firm “artificially manipulated” the value of its investment in bonds of McClatchy Co . The retirement plan, one of Saba’s biggest investors, said that when it asked in January to get all of its money back at the end of March, Saba marked down a significant portion of the fund’s portfolio. It then boosted the value of the assets in April, depriving the Canadian pension fund’s investors of their due, Saba said. » (Extrait de .bloomberg.com du 14/10/2015)
Pour en savoir plus http://www.bloomberg.com/news/articles/2015-10-14/saba-suit-over-canadian-pension-funds-goes-to-mediation
