Potential benefits from manipulation would have been minimal, Warminger claims

Thu, 13 Oct 2016

By Fiona Rotherham Oct. 13 (BusinessDesk) - If the allegations of market manipulation made against Milford Asset Management portfolio manager Mark Warminger were true the performance fee benefit would have been just $600, the High Court has been told. Warminger is accused by the Financial Markets Authority of market manipulation in 10 trades in 2014. The prosecution said that he had meetings with senior management in August 2014 over the funds under his management underperforming their six-monthly benchmarks and that the poor performance...

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