Hubbard Management Fund investors to recover entire principal

Thu, 14 Feb 2013

By Paul McBeth Feb. 15 (BusinessDesk) - Investors in the frozen Hubbard Management Funds will get all of their capital back, though anyone who's already been paid more than what they put in won't get anything more. Statutory managers Graeme McGlinn, Richard Simpson and Trevor Thornton of Grant Thornton said 208 of the 300 investors who faced a potential loss will get 100 percent of their principal, and were today paid 10 cents in the dollar, or $2.1 million. The payment comes after the High Court determined how investors would be repaid in D...

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