Warminger stood to gain significant bonus, court hears
Milford had inadequate monitoring of its portfolio managers, FMA says. With special feature audio.
Milford had inadequate monitoring of its portfolio managers, FMA says. With special feature audio.
Fund manager Mark Warminger could earn a "very, very substantial" bonus from his work at Milford Asset Management but was under pressure because his funds were performing poorly, the High Court heard this morning.
Opening the Financial Markets Authority's case alleging market manipulation by