Quote Originally Posted by Grantas View Post
http://www.stuff.co.nz/sunday-star-t...-knights-moves

NZ Credit Fund ... Another fund? ..I'm getting confused as to who owns what and more importantly who's liable for what if the proverbial hits the fan.
Do not Know who is liable. but if a fund loses money then those who have invested in that fund lose money.Perpetual as fund manager would most probably still collect management fees.It would appear that Perpetual has part ownership of some funds.I suppose a float to get them going.Whether they will keep part ownership we will either have to waite and see or get Mouse to ask them.