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Longhorn fund a 'red flag' to wholesale market – expert

Brent Melville
Thu, 21 Apr 2022

Longhorn fund a 'red flag' to wholesale market – expert
Proposed 200-unit townhouse development in Flat Bush. (Image: supplied)
Brent Melville
Thu, 21 Apr 2022
A financial securities expert says the Financial Markets Authority’s (FMA) move to halt a $20 million fundraising scheme should send a signal that wholesale offers aren’t a ‘free for all’.The FMA issued the interim stop order against The One Management GP and James Law Realty on March 28, citing ‘fair trading’ concerns about statements and social media advertising offering returns of 50% from The One in Longhorn Partnership Fund. The order has effectively frozen units in the fund, with the manager unable...

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