The co-founder of Portus Alternative Asset Management Inc. is facing possible jail time and millions of dollars in fines after the Ontario Securities Commission filed charges related to the collapse of the notorious hedge fund.
“This is not the end of it,” OSC enforcement director Michael Watson said yesterday.
The OSC filed three charges against Boaz Manor, who co-founded Portus in 2003 and turned it into one of Canada’s largest hedge funds with 26,000 clients and more than $800-million in assets.
