News

Hubbard investors will suffer considerable losses: Managers

Tuesday 8th of March 2011

HMF lost $1.1 million on its Pike Rive Coal stake after its mining disaster and a further $0.8 million on its stake in New Zealand Oil & Gas, Pike's major shareholder, the managers say in their sixth update for HMF investors.

Other losses included $3.5 million on Mercer Group, of which HMF currently owns about 17.8% after having invested a further $1 million since January 31, and jus...

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