News

One of LM's biggest assets worthless

Monday 17th of June 2013

LM Investment Management went into voluntary administration early this year.  The LM First Income Mortgage Fund has been frozen since 2009 with $100 million of New Zealanders’ investments in it.
The LM Managed Perfomance Fund is due about $250 million from the housing development, which is being developed by Maddison Estate Pty Ltd. The development firm is headed up by Peter Drake, w...

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