Financial Markets Authority (FMA) CEO Sean Hughes says he accepts the ultimate responsibility for the Ross Asset Management (RAM) debacle and the FMA is likely to seek law changes in the wake of it.
More to follow
Monthly Archives: December 2012
3 News: Hubbard Investors Patience Wears Thin
A disturbing recent NZ example of how professional fees devour
investors savings. Of course the government collects GST on the
professional fees.
NZ Herald: FMA has eye on managers
Ross Asset collapse has highlighted the risks of controlling individuals’ investments.
The investment watchdog says it is taking a vigilant approach to financial advisers who manage their clients’ money on a discretionary basis since the Ross Asset Management collapse but can’t rule out other cases of poor management.
NZ Herald: Ross investors could face ‘terrible legal battle’
Investors in Ross Asset Management face a “gruesome legal fight” to recover their funds if investigations by regulators show fund principle David Ross was running a Ponzi scheme, says investor spokesman Bruce Tichbon.
Ross Asset Management in Mauritius and Bermuda
via the Tipline … it seems there are Ross Asset Management companies set up in Mauritius (2011) and Bermuda (1999).
Details below.
Ross Asset Management Limited (Mauritius)
- Company Number
- C101529
- Status
- Live
- Incorporation Date
- 22 March 2011 (over 1 year ago)
- Company Type
- LIMITED BY SHARES
- Jurisdiction
- Mauritius
- Registered Address
-
- 4TH FLR, EBENE SKIES, RUE DE L’INSTITUT, EBENE [ View on Google Maps ]
- Mauritius
- Registry Page
- https://mns-portal.intnet.mu/cbris-na…
-
ROSS ASSET MANAGEMENT LTD ( Bermuda ).
- Company Number
- 26226
- Incorporation Date
- 24 March 1999 (over 13 years ago)
- Jurisdiction
- Bermuda