{"id":7919,"date":"2008-06-18T00:00:00","date_gmt":"2008-06-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"new-rules-to-make-risky-funds-more-transparent","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/new-rules-to-make-risky-funds-more-transparent.html","title":{"rendered":"New rules to make risky funds more transparent"},"content":{"rendered":"<p>Toronto Star- In one of Canada&#8217;s biggest investment scandals, regulators pulled the plug on Portus Alternative Asset Management Inc. in early 2005. <\/p>\n<p>The now-bankrupt Toronto company was selling risky hedge funds to ordinary investors, using a complex structure that avoided mandatory disclosure in a prospectus. <\/p>\n<p>Luckily, the 26,000 people who invested more than $700 million in Portus products didn&#8217;t lose everything.<\/p>\n<p>Clients of Manulife Financial Corp. were reimbursed in full &ndash; with a payout of $246 million by the insurer. Other Portus investors recouped most of their money through receivers last year. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.thestar.com\/Business\/article\/445013\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto Star- In one of Canada&#8217;s biggest investment scandals, regulators pulled the plug on Portus Alternative Asset Management Inc. in early 2005. The now-bankrupt Toronto company was selling risky hedge funds to ordinary investors, using a complex structure that avoided [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[939,44,937,83,936,940,938,47,941],"class_list":["post-7919","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-goh","tag-invoices","tag-lenient-terms","tag-medallion","tag-net-proceeds","tag-presence","tag-stockholder","tag-third-party","tag-traffic"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7919"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7919\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}