3News: Bleak news for Ross Asset investors

Receivers do not expect to uncover more money after meeting with the founder of collapsed Ross Asset Management.

John Fisk and David Bridgman of PricewaterhouseCoopers have found only $11 million when the company reported $449.6 million was in investors’ portfolios as at September 30, 2012.

PWC met with founder David Ross after he was released from hospital on Thursday in a bid to find more funds but have now confirmed the grim situation investors face.

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