Losses & Lawsuits


Portus Alternative Asset Management

The Ontario Securities Commission (OSC) ordered one of the largest hedge fund advisers in Canada, Portus Alternative Asset Management, to cease from trading securities or paying out funds to clients on February 13. The Toronto-based hedge fund announced on February 17 that it had laid off the majority of its service and support staff in response to the OSC's demand that it temporarily cease conducting business. The ban on trading and other activities has been

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