McIntosh's behaviour showed he wasn't aware of RAM problems, Appeal Court told

Thu, 19 Nov 2015

By Jonathan Underhill Nov. 19 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh wouldn't have continued to spend money on a property development in Wellington had he known the fund manager was in trouble, the Court of Appeal was told. In June, the High Court ruled that McIntosh must repay $454,000 in fictitious gains from his investment in RAM, extracted before it collapsed, but could keep his $500,000 principal payment. RAM liquidators John Fisk and David Bridgman of PwC sued McIntosh as a test case and have said the...

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