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Hedge fund founder’s $550,000 loan to be questioned by liquidator

Max Mason
Max MasonSenior courts and crime reporter

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The founder of Perth-headquartered NWQ Capital Management owed the hedge fund more than half a million dollars before its collapse and has told liquidators the loan cannot be paid back.

NWQ – which had former Reserve Bank governor Glenn Stevens on its investment committee – collapsed owing a little under $20 million to creditors, according to an update to creditors sent last week.

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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/hedge-fund-founder-s-550-000-loan-to-be-questioned-by-liquidator-20240509-p5jba4