Canada. A $116B Pension Fund Is Walking Back Incendiary Claims Against Boaz Weinstein’s Saba Capital
When Canada's Public Sector Pension Investment Board tried to redeem $500 million from Boaz Weinstein's Saba Capital in 2015, the $116 billion pension fund for the Royal Canadian Mounted Police came to believe it was shortchanged during the process. In the fall of 2015, PSP sued Saba Capital, accusing the highly followed hedge fund of "self-dealing" and mis-marking illiquid fund assets to minimize the redemption, thus growing value for its remaining fund investors. Now, PSP is walking back those incendiary...