A heads up from one of our financial advisor correspondents… He has been going through the Westgate Power Centre option for his ex-Vestar clients and discovered that Vestar (more…)

Investors may be aware Vestar was placed into liquidation by the directors/shareholders of the company. Vestar appointed its own liquidator, which in the normal scheme of things this is not a problem.

However, the directors had a fiduciary duty of care to their clients – a matter in which we believe they dismally failed. Therefore Vestar investors who have lodged legal claims against the company should also (more…)

Ever wondered what subprime actually means? Do your eyes glaze over when people talk about collateralized debt obligations (CDOs)? Since it’s a slow Friday before the election, let’s have some fun… (more…)

Investors with money in selected frozen funds can now trade their units on a new online secondary market that went live this morning.

TradeMyUnits.co.nz offers a way for unit holders to sell their investments in frozen funds by pooling the units together and offering them to institutional buyers. (more…)