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Client Work

Portus Alternative Asset Management regulatory, receivership and civil investigations/proceedings

Fasken
Reading Time 1 minute read
Client

Manulife Securities

Represent Manulife Securities in investigations/proceedings beginning in 2005 and which are ongoing. Portus was an investment counsellor and portfolio manager. Portus offered its clients a principal-protected note product linked to a basken of hedge funds. Portus raised approximately $800 million from the public to invest in various tranches of a principal-protected note product. The Ontario Securities Commission shut down Portus in February 2005. A class action against Manulife Securities was withdrawn; other matters are on-going.