Investors in the frozen $80 million IPO Wealth fund are suffering from strained relationships and sleep and weight loss amid fears life savings are shattered, a court heard on Wednesday.
A lawyer appointed by the Victorian Supreme Court to represent investors detailed the stresses among almost 180 backers – one almost 90 years old – of Mayfair 101’s IPO Wealth fund.
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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
