LM court date pushed back

Trilogy’s day in court, trying to take control of LM Investment Management’s First Mortgage Investment Fund, has been pushed back several months.

LMIM has been in voluntary administration since March.

FTI Consulting was initially called in as administrators but a court ruled there were too many conflicts of interest between it and LM for it to continue in that role for the Managed Performance Fund and appointed Korda Mentha instead.

Trilogy says the same must apply for the mortgage fund and believes it has the support of investors to take over as responsible entity ...MORE»

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