New docs show why agencies abandoned Hubbard investors' interest claims

Tue, 19 Jan 2016

By Paul McBeth Jan. 19 (BusinessDesk) - Former investors in Allan Hubbard's Aorangi Securities and Hubbard Management Funds will have to chase the deceased Timaru businessman's estate if they want to pursue as much as five years of unpaid interest after the entities' statutory managers and regulator didn't think it worth their time, according to reports on the now-completed administration. The previously unseen detail has emerged in documents released to BusinessDesk under the Official Information Act by the Ministry of Business, Informa...

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