The corporate regulator was scathing of disclosure announcements of a skyrocketing fund named after a pirate and disputed it had been conservative when valuing assets, internal documents reveal.
The concerns from the Australian Securities and Investments Commission came on top of it criticising the ASX-listed Henry Morgan fund for having issued misleading statements about revenues and shop openings for one key investment.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
