17 Dec 2012

Ross Asset Management in liquidation

7:24 pm on 17 December 2012

The failed fund manager Ross Asset Management has been placed in liquidation.

On Monday, the High Court appointed John Fisk and David Bridgman of PwC as liquidators of Ross Asset Management and related companies.

Ross Asset Management was placed in receivership early last month, and investors have been told that only $11 million worth of assets have been identified, compared with the company's claimed $450 million of investments.