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 have recommended all of the Ross-related entities be placed in liquidation.