News

Massive shortfall of funds at Ross Asset Management

Thursday 15th of November 2012

A receivers report submitted to the High Court today revealed that the PriceWaterhouseCoopers team assigned to investigate the firm and its related entities had found only $10.2 million of the $449.6 million the company’s records show has been invested on behalf of 900 investors, with 1720 accounts.

PwC said: “There is a significant gap in the identified market value of the Group’s inves...

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