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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
3 mins to read

FMA removes Dunedin manager of multimillion-dollar schemes

Fund Managers Otago failed to address compliance, governance, solvency and regulatory issues.

The Financial Markets Authority has for the first time appointed a temporary manager, to three property investment funds with 2250 investors and $20.1 million in net assets, after ongoing governance, solvency and regulatory issues.

Yesterday, the FMA appointed KPMG temporary manager of three

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Hamish McNicol Tue, 03 Nov 2020
Contact the Writer: Hmcnicol@nbr.co.nz
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FMA removes Dunedin manager of multimillion-dollar schemes
General Business,
85441
true