Retained as one of Saba’s experts in a litigation brought by the Public Sector Investment Board of Canada (“PSP”), a former investor, relating to the valuation of distressed securities held in the portfolio as of the effective date of PSP’s redemption. Issued expert report that addressed a variety of issues, including industry custom and practice with respect to marketing illiquid investments for sale, industry custom and practice with respect to valuing illiquid investment positions, hedge fund ecosystems, and fair value measurements. The parties settled prior to trial, on the basis that both agreed that the matter was a “commercial dispute involving a good faith disagreement over the valuation of two highly illiquid corporate bonds.”

Experts Involved