Sextant Capital Management
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The Ontario Securities Commission yesterday ordered Sextant Capital Management Inc. to continue to halt sales of its former high-flying hedge fund invested in Icelandic glaciers until June 17. OSC staff requested an extension of the order to continue its investigation. They allege that Toronto-based Sextant, and its founder, Otto Spork, were among parties who breached securities law by inflating returns of the Sextant Strategic Opportunities Hedge Fund through self-dealing, and by illegally earning management fees. source
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