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Ross Asset Management Investors Group
Ross Asset Management Investors Group
MEDIA RELEASE
The Ross Asset Management (RAM) Investors Group has the following objectives:
To be a unified voice for investors in RAM in dealing with statutory and other bodies and to keep them updated on relevant events associated with the receivership of RAM and related entities, with the aim of helping to maximise value for investors.
Our recorded membership is approximately 300 at this time. Many of our members represent other investors in a family, trust or professional capacity. We estimate our circulation now reaches 80% of the RAM investor base.
The report of the receivers Price Waterhouse Coopers (PWC) was released today and the investors group states:
• Many investors will not have
received nor had time to read the PWC report.
• Some
have significant investments in RAM
• Those that have
been able to read the report will be disappointed or
concerned at its contents. The problem is serious but at
present we can’t be sure how serious
• Mindful that
this is the first report of the receivers and we are hopeful
that further investigations uncover more assets.
• It
is the aim of the Investors Group to minimise any loss to
investors
• We have confidence in the receivers and in
the Financial Markets Authority
(FMA).
Ends
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