Hubbard investors lay complaint against statutory manager Grant Thornton

Fri, 02 Nov 2012

By Paul McBeth Nov. 2 (BusinessDesk) - Investors in Aorangi Securities and Hubbard Managed Funds have laid complaints against statutory managers Grant Thornton over hold-ups they claim has put $60 million of assets at risk. The Hubbard-managed entities' investor liaison group, undersigned with more than 230 investors, has lodged formal complaints to Commerce Minister Craig Foss and Attorney-General Lyn Provost over Grant Thornton's handling of the statutory management, claiming ongoing delays have had a "detrimental impact" on investors - 22...

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