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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
13 mins to read

‘Very high’ receivership costs found in Fund Managers Otago probe

Fund’s trustee told of alleged ‘significant shortcomings’ and ‘grossly inefficient’ receiverships.

An investigation by a leading insolvency accountant alleged “significant shortcomings” and “concerns” regarding the conduct of two Fund Managers Otago directors in the receiverships of three companies.

That included “very high” costs resulting from “grossly inefficient receivership

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Hamish McNicol Tue, 01 Dec 2020
Contact the Writer: Hmcnicol@nbr.co.nz
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‘Very high’ receivership costs found in Fund Managers Otago probe
Investment,
85739
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