31 Jan 2013

Hubbard investors will soon start receiving payments

7:40 pm on 31 January 2013

Investors in Hubbard Management Funds will start receiving payments from the defunct investment group as early as next month, though the exact amount they'll receive is still to be confirmed.

The receivers Grant Thornton say there's been no objections to the High Court's formula for distributing the funds, which has cleared the way for payments to start in February.

About 70 investors were overpaid their entitlement last year, and will not get any more money.

Mr Thornton says the remaining 230 investors will soon be advised in writing how much they can expect back.