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.