By David Chaplin
With $439 million to play with Ross Asset Management (RAM) would be one of New Zealand’s largest boutique fund managers and perhaps the biggest in what is understood to be its chosen asset class of global equities.
Category Archives: Newspapers
NBR: Dysfunctional Ross companies have $439m under management
Wellington investment company Ross Asset Management – with $439 million in investor account balances – has been described as “dysfunctional” with “inadequate record keeping”.
NBR: FMA identifies Ross assets in UK, USA and Australia
Investigations into Wellington-based investment company Ross Asset Management have identified assets held in various markets throughout the world.
The Financial Markets Authority has today met with PwC receiver John Fisk, who has been appointed by the Wellington High Court to manage the assets of the company.
Stuff: Ross Asset Management seized
By Hamish Rutherford
A Wellington investment company has been taken over by PwC while the state of its affairs is established.
Ross Asset Management will be managed at least temporarily by PwC as brokers from First NZ Capital attempt to work out the affairs of a company which suffered a “vacuum of management” a court has heard.
Stuff: FMA moves on Ross Asset Management
By Hamish Rutherford
The Financial Markets Authority wants a broker appointed to work out the ‘‘real value’’ of Ross Asset Management, which had its assets frozen on Friday.
The High Court in Wellington will hear an application tomorrow from the financial regulator to bring in both a manager and broker ‘‘whose job it will be to determine what has occurred, the real value of funds under management, and the best way forward’’ the FMA said in a statement.
NBR: Businessman forms user group to help David Ross investors
Wellington businessman Bruce Tichbon is setting up a user group for investors in Ross Asset Management to communicate with each other.