Manulife Financial says was misled by Portus Alternative

Date: Tuesday, March 1, 2005
Author: National Post, March 01, 2005

Manulife Financial Corp. said yesterday it was misled by Portus Alternative Asset Management Inc. about the nature of the investments the hedge-fund firm was selling to Manulife's clients. "The Portus structure and products sold to our clients were not as presented to Manulife and not as disclosed in the Portus offering memorandum," Manulife spokesman Tom Nunn said. "This has made it more difficult to get a comprehensive understanding of exactly what was happening with Portus." For the full article see the March 1, 2005 edition of the National Post.