Troubled fund manager LM faces liquidation

Administrators for troubled Australian fund manager LM Investment Management expect to be appointed as liquidators.

In evidence filed in advance of a three-day hearing held in Queensland’s Supreme Court this week, FTI Consulting’s Ginette Muller describes herself and colleague John Park as administrators of LM Investment Management and sister company LM Administration, adding: “And, probably, soon to be liquidators thereof.”

 

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