Hubbard investors receive further payments as assets sold, statutory managers say

Thu, 30 May 2013

By Tina Morrison May 30 (BusinessDesk) – Hubbard Management Fund investors will receive a third payment of 15 cents in the dollar from statutory managers, taking the total returned so far from the failed fund to 40 cents in the dollar. “We continue to realise the more liquid investments in Hubbard Management Fund in addition to investments with a more limited market demand for their full value, for the return to investors,” statutory management firm Grant Thornton said in a statement. The remaining investments “are now mostly unlisted or low...

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