The murky tale of a failed fund

Globe and Mail – John Xanthoudakis wants to restore his shattered reputation.

The founder of troubled Norshield Financial Group has stepped back into the media glare in an effort to dispel the perception of improper dealings at his controversial hedge fund company.

In an exclusive interview with The Globe and Mail, Mr. Xanthoudakis said there has been confusion in the media between developments at Montreal-based Norshield and reports of the disappearance of investors’ money at Norbourg Asset Management Inc. and Portus Alternative Asset Management Inc.

“There is a very large distinction between what happened at Portus, what happened at Norbourg and what happened at Norshield,” he said, breaking months of self-imposed silence.

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