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Kiwi-favoured mortgage fund accused of 'misleading' statements


Australian current affairs programme accuses a frozen mortgage fund of hawking itself overseas as "bank-like".

David Williams
Tue, 05 Mar 2013

Controversial Australian mortgage fund manager LM Investment Management is accused of selling itself overseas as "bank-like".

Queensland-based LM was founded by Kiwi-born Peter Drake, who claims to have more than $A3 billion under management.

LM investors, including New Zealanders,

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David Williams
Tue, 05 Mar 2013
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Kiwi-favoured mortgage fund accused of 'misleading' statements
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