Serious Fraud Office begins investigation into David Ross, asset management firm

Sun, 18 Nov 2012

Nov. 19 (BusinessDesk) - Nov. 19 (BusinessDesk) – The Serious Fraud Office has begun an investigation into Wellington fund manager David Ross and his firm Ross Asset Management after court-appointed receivers found records for just $10.2 million of the $449.6 million he purportedly managed. The SFO has been working with the Financial Markets Authority, which began its own investigation on Oct. 25 and has since obtained a freeze on Ross’s assets. John Fisk and David Bridgman of PricewaterhouseCoopers were appointed receivers and managers and h...

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