LMIM
creditors recommend lm investment management
The administrator of LM Investment Management, the failed Australian property investment firm, has recommended the company be wound up.
Middle East | 23 Jul 13
many UAE advisers join lm action group
Seven IFA firms have formed the ‘UAE chapter’ of an adviser-led organisation representing clients who invested in funds run by failed LM Investment Management.
lmim trustee runs up a874000 bill in eight weeks
The trustee of a fund managed by failed Australian asset management company LM Investment Management ran up costs of three-quarters of a million dollars in the nearly eight weeks following its appointment, according to a recent investor update.
funding shortfall closes some options for
The trustee of the suspended LM Managed Performance Fund has warned investors that two options, which would have likely offered the best return to investors, are currently not feasible due to a lack of funding.
lmim adviser group raises concerns over loan
Advisers acting for investors in the stricken range of LM Investment Management property funds, has raised concerns over the sale to Goldman Sachs of A$1.6bn of ‘non-core’ assets by a company with a first mortgage charge over a key investment property.