Looking Back – Rada Corp: what were they thinking?

Thu, 07 Jan 2021

Part 3 - a case study in the rise of the investment company phenomenonThe 1980s was the era of listed investment companies and Rada Corp was one of the more notorious and high profile.Rada was unique because it was spun out of one of the country’s long-established and conservative companies and had a highly regarded board of directors.Nevertheless - like most investment companies of the time - it soared high, then crashed and burned, leaving investors with substantial losses.NZX listingRada was established in November 1985 with an initial...

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