Summary
TORONTO (HedgeWorld.com) - A series of disagreements about appropriate disclosure among the various entities working to untangle the collapse of the Portus Alternative Asset Management Inc. hedge fund has thus far held up progress, but several compromises may be in the works.
According to a report from KPMG Inc., the court-appointed receiver for Portus, after much back and forth, disclosure protocols have been worked out between Socit Gnrale Canada, KPMG, Northwater Capital Management Inc., and Manulife Financial that allow for sharing information.See the full content of this document
Extract
Portus Progress?
The crux of the problem has been SG Canada's reluctance to hand over data about the structure of its deals with Portus, data that each of the other entities wants for various...
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