An Australian court has ruled that the LM First Mortgage Income Fund is to be wound up by its administrator FTI Consulting.
Trilogy had sought to wind up the fund after failing to gain control of it last year.
New Zealand investors had around $140 million invested in the fund which was run by expatriate Peter Drake.
| « Henderson reduces fees | Sovereign rating affirmed » |
Special Offers
No comments yet
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved