The danger of seeking out a returns Booster

Tahi bought Seleni Estates in Hastings. (Image: Supplied)

Tue, 18 Jun 2024

The Financial Markets Authority came out with quite the bombshell last week when it filed civil proceedings against fund manager Booster Investment Management and a clutch of its directors and officers.The market watchdog isn’t happy with the way the fund manager used investor money from its various schemes, including KiwiSaver, to build Booster Wine Group, accusing various directors and managers of falling short of their fiduciary obligations and muddying the waters when it comes to making related party transactions.Booster managing dire...

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