RAM investor Hamish McIntosh ordered to repay $454,000 'profit'

Tue, 23 Jun 2015

By Paul McBeth June 23 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh, who lost name suppression in a Court of Appeal ruling last week, has been ordered to repay $454,000 in fictitious gains from his investment, but he can keep his $500,000 principal payment. In the High Court in Wellington, Justice Alan MacKenzie ruled the liquidator's bid to claw back funds from former Ross investors didn't need an 'all or nothing' approach, and the principal invested could be viewed as separate from the investment scheme's fi...

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