The University of Montreal Pension Plan invested US$67 million – representing more than eight per cent of its total assets – in the now-insolvent Lancer Offshore fund, according to a lawsuit.Another major investor was the AXA group, whose investment vehicles put in $15.25 million in June, 2002 – less than three months before the New York Post newspaper began raising questions about the Fund and six months before the Fund announced it was suspending cash redemptions.
University’s Pension Plan invested $67 m in Lancer Offshore
21 years ago
Topics
British Virgin Islands Canada Fraud Investment Liquidations & InsolvenciesKeywords
AXA Alternative Advisors CIC Alternatif Fiducie Desjardins Lancer Offshore Liquidations & Insolvencies