Hubbard & Ross – lessons for today’s investors

Hubbard & Ross – lessons for today’s investors
Brian Gaynor
The final curtain call on Allan Hubbard’s financial empire is expected to occur next month with the removal of FCS Loan, formerly known as South Canterbury Finance, from the Companies Office register.This provides another opportunity to assess Hubbard and David Ross, two controversial South Island-born businessmen.Unfortunately, Hubbard and Ross have had far more in common than their South Island backgrounds and there are important lessons to be learned from an analysis of their operating models and personalities.Allan HubbardHubbard was...

More Finance

First there was Word, then came inflation
Finance

David Chaplin: First there was Word, then came inflation

The Reserve Bank thinks it has tamed the beast – but costs are still rising. 

David Chaplin 22 Jan 2025
Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025