Offer to help Portus clients deemed “fair and reasonable”
Hearing adjourned until September 16
Blames patchwork of advisor regulation
The Ontario Securities Commission today obtained a court order extending the appointment of KPMG Inc. as the receiver of all the property, undertaking and assets of Portus Alternative Asset Management Inc. and BancNote Corp. The OSC says it will be seeking to obtain additional terms relating to the conduct of the receivership at a motion […]
$246 million sent to Caribbean tax haven
Order names KPMG as receiver of hedge fund
Manulife Financial Corp. is reassuring clients of advisors licensed by subsidiary Manulife Securities International Ltd. that it will guarantee the recovery of 100% of their principal invested in products of Portus Alternative Asset Management Inc. In an open letter to clients Thursday, president and CEO Dominic D’Alessandro said he is leading a senior executive team […]
Dealer recommended Portus hedge funds without doing due diligence, lawsuit alleges
AMF action follows moves by other provinces
Temporary orders extended until May 17