MIDDAY UPDATE: Milford drops Warminger from prospectus

Fri, 19 Jun 2015

By Paul McBeth June 19 (BusinessDesk) - Milford Asset Management is keeping mum on the reasons behind veteran portfolio manager Mark Warminger's exit from the fund manager's investment team on the same day it cut a $1.5 million with the market watchdog over claims of market manipulation. The amended prospectus, for the firm's fundraising arm, Milford Funds Ltd, has been changed to show director and major owner Brian Gaynor has taken over the New Zealand equity portion of its Trans-Tasman Fund and Milford NZ Equities Wholesale Fund. Warmin...

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