Blame Canada.
Hedge fund manager Boaz Weinstein has vowed to fight Canada’s Public Sector Pension Investment Board despite the two sides being ordered to have a third party to mediate their dispute earlier in October.
A Canadian pension fund has filed a suit that could limit the hedge fund’s ability to raise capital, as the 42-year old Weinstein seeks to rebuild his business.
Saba Capital sued by Canadian pension fund
As outlined by ValueWalk, Montreal-based Canada’s Public Sector Pension Investment Board sued Saba Capital Management last September alleging that the hedge fund reduced the value of its portfolio just before paying out the redemption request,...
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