Brian Gaynor: Ross Asset collapse setback for FMA
The collapse of Ross Asset Management is a stark reminder that people should be extremely careful with their investable funds.The company, which is owned and managed by David Ross, had 900 investors...
View ArticleRoss investors face more heartache
There may be even less money available for Ross Asset Management's bewildered investors than first thought, its receivers have warned.As RAM's founder and director - Wellington-based financial adviser...
View ArticleRoss meeting offers little hope
A meeting between financial advisor David Ross and the receivers of his troubled business has borne little fruit.Ross, a Wellington-based businessman, was released from hospital on Wednesday after...
View ArticleRoss investors want liquidation put out for tender
A group of investors in the failed Ross Asset Management group has asked the High Court to be admitted as a party to proceedings and called for the liquidation of the companies to be put out to...
View ArticleRoss unable to cover receivership costs
Receivers for Ross Asset Management have signalled they will start selling off some of its assets because its founder does not have the means to cover the costs.Investment adviser David Ross of...
View ArticleRoss receivership costs revealed
Receivers and their legal counsel for Ross Asset Management discounted their charges but still could not extract their full fees from the liquid assets left in David Ross's group of investment...
View ArticleRoss investors urged to speak up
Some investments in David Ross' failed business could have been saved if his clients had voiced concerns about their money sooner, says a financial disputes service.Ross Asset Management (RAM) and some...
View ArticleRoss investors could face 'terrible legal battle'
Investors in Ross Asset Management face a "gruesome legal fight" to recover their funds if investigations by regulators show fund principle David Ross was running a Ponzi scheme, says investor...
View ArticleFMA has eye on managers
The investment watchdog says it is taking a vigilant approach to financial advisers who manage their clients' money on a discretionary basis since the Ross Asset Management collapse but can't rule out...
View ArticleDavid Ross got testimonial from top finance body
The professional body that helped David Ross become an authorised financial advisor says it did not provide regulators with an extensive endorsement of his character.The Financial Markets Authority...
View ArticleBrian Gaynor: Wrong decisions send our savings overseas
The latest fund manager statistics show KiwiSaver investors are sending an increasing percentage of their savings overseas.This is because of the small size of domestic capital markets and negative...
View ArticleDavid Ross companies placed into liquidation
Companies associated with failed fund manager David Ross were placed into liquidation today, as the process of investigating and unravelling the group's affairs continue.Following an application in the...
View ArticleBrian Gaynor: Great year for investors and future is bright
This has been a great year for sharemarket investors with the NZX50 Gross Index up nearly 25 per cent at Thursday's close.Yes, we had the collapse of Ross Asset Management, the continuing saga of...
View ArticleBrokers' 2013 hottest picks
Three stocks have the strongest backing from brokers in the 2013 broker picks.Ryman Healthcare, Diligent Board Member Services and PGG Wrightson have been chosen by three out of seven brokers as the...
View Article$73m deal starts Hellaby buy-up
Investment holding company Hellaby says its acquisition of industrial services business Contract Resources is the first of more investments it plans to make.Hellaby said yesterday it would spend $73...
View ArticleOceana Gold guidance gets broker's nod of approval
Oceana Gold's production guidance is encouraging, with a demonstration that its cash costs are falling, says Forsyth Barr broker Peter Young.The East Otago and Reefton gold miner issued new guidance...
View ArticleShares rise pushing market to new 5-year high
New Zealand shares rose yesterday, pushing the NZX 50 Index to a new five-year high, led by stocks that are among broker picks for 2013 such as PGG Wrightson and Ryman Healthcare.The NZX 50 climbed...
View ArticleStocks debut year with solid gains
New Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman...
View ArticleNorah Barlow: Listing accelerates growth and builds brand recognition
The provision of permanent capital into a business, the advantages to shareholders of increased liquidity and the additional credibility provided to your company through the NZX are invaluable.When...
View ArticleConstruction industry most optimistic - outlook survey
Businesses remain in a buoyant mood, ANZ's monthly business outlook survey found.A net 32 per cent of firms expect general business conditions to improve. That is down two points from March and seven...
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