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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...

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Ross 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...

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Ross 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...

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Ross 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...

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Ross 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...

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Ross 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...

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Ross 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...

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Ross 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...

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FMA 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...

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David 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...

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Brian 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...

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David 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...

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Brian 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...

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Brokers' 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...

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$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...

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Oceana 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...

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Shares 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...

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Stocks 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...

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Norah 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...

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Construction 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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