Investors' worst fears met Ross tells receiver the cupboard is bare

Fri, 23 Nov 2012

Nov. 23 (BusinessDesk) - Wellington fund manager David Ross, whose businesses have been frozen after missing investor payments, has told receiver PwC not to expect to find any other assets after being released from hospital after three weeks of care under the Mental Health Act. John Fisk and David Bridgman from accounting firm PwC, the court-appointed receiver and manager of the Ross Asset Management group of companies, met with Ross yesterday to confirm the financial position of the various entities under their management, according to a sta...

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