Forsyth Barr won't comment on Hobson Wealth speculation

According to BusinessDesk, Hobson, with more than $4 billion in funds under management and 35 advisers, is for sale and Forbarr and Craigs Investment Partners are the final bidders.

Hobson executive chair Warren Couillault hasn't returned a call and Forsyth Barr managing director Neil Paviour-Smith wouldn't comment.

“We don't make any comment on matters we may or may not be pursuing or market/media/speculation,” Paviour-Smith said in a text.

“We are, and have been for a long time, an active participant in the industry we operate in.”