3News: Ross Asset Management liquidation likely

Investors who put money into Ross Asset Management have set out a wish list for the company’s liquidation, which is likely to proceed on Monday.

On Thursday receivers from PriceWaterhouseCoopers met with David Ross who had been held in hospital for three weeks under the Mental Health Act.

So far only $11 million of the $449.6m reported to be in investors’ portfolios has been found and receivers say further significant recoveries are unlikely.

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3News: Ross group investors bid to have their say

Some Ross Asset Management investors have asked the High Court to be admitted as a party to proceedings and called for the liquidation of the failed group to be put out to tender.

A tentative new date of December 10 has been set for the Financial Markets Authority (FMA) to update the High Court on the Ross Asset Management receivership, by which time receivers PwC are expected to have applied to liquidate the group.