Milford's Warminger under pressure over poor fund performance at time of alleged breaches

Sun, 25 Sep 2016

By Fiona Rotherham Sept. 26 (BusinessDesk) - Milford Asset Management portfolio manager Mark Warminger was under pressure from the firm over the performance of funds he managed at the time of his alleged market manipulation, the Financial Markets Authority has said at the start of its High Court case in Auckland. Warminger, who has been on extended leave from his position as a portfolio manager at the firm since last year, is fighting alleged breaches of the Securities Markets Act 1988 relating to sharemarket trading carried out between D...

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