News

Another St Laurence fund faces liquidation

Monday 27th of June 2011

Perpetual's proposed course of action is at odds with the wishes of the manager but Perpetual's head of corporate trusts, Matthew Lancaster, says St Laurence's proposals set out in a letter to investors signed by director Kevin Podmore "are either not possible or, in our view, are misrepresented by the letter."

Lancaster says the investors are owed $20 million in capital and more than $6...

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