Hubbard Management Funds investors get their money back, without interest

Tue, 01 Sep 2015

By Paul McBeth Sept. 1 (BusinessDesk) - The 300 or so investors in Hubbard Management Funds have been repaid the $35.6 million capital they initially invested after a five-year statutory management, where the administrators had to pick apart "poor accounting records" that inflated the fund's value. Statutory managers Trevor Francis, Richard Simpson and Graeme McGlinn of Grant Thornton have wrapped up their administration of the fund, which they assessed had a value of $47.7 million in June 2010 when they took control of the portfolio, les...

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