A judge has reprimanded attempts from investment outfit Mayfair 101’s founder to recruit investors to wrest control of key parts of an ailing $80 million fund.
The investors had not been informed about the “true state of affairs”, Victorian Supreme Court Justice Ross Robson said in a hearing involving Mayfair’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
