Hedge fund company Portus Alternative Asset Management Inc. was formally put into bankruptcy Friday, just over a year after it collapsed into receivership amid investigations by regulators.

Portus had roughly $800 million in assets and about 26,000 clients when it was pushed into receivership on March 4, 2005, by the Ontario Securities Commission. Since then the receiver, KPMG Inc., has been tracking down the assets and recovering money allegedly misappropriated by company co-founder Boaz Manor, who left for Israel. Manor has denied any wrongdoing.

KPMG plans to hold a meeting for Portus investors in June (tentatively June 21) in Toronto with satellite links to other cities. During that meeting, investors will elect representatives to help guide the bankruptcy process.