Globe and Mail – For months, investigators probing the collapse of hedge fund company Portus Alternative Asset Management Inc. have been searching for a stash of 100 diamondsallegedly bought by company co-founder Boaz Manor.
Their search landed in Israel’s highest court yesterday, where the saga took yet another strange twist.
Mr. Manor left Toronto for Israel last March, just as Portus was ordered into receivership and well before the Ontario Securities Commission laid three charges accusing him of destroying documents and improperly selling hedge fund products to investors.
At its peak, Portus had more than $800-million in assets and 26,000 clients.
