What's behind the FMA investigation into Milford?
It mightn’t be the Healthy Food Guide tick but it was the right thing to do.
One of the problems with these types of stories is that that information is as sparse as the proverbial hen’s teeth.
Apparently everyone involved in this investigation has had to sign a confidentiality agreement with the FMA. The penalty for breaching it is a fine of a couple of hundred thousand dollars.
That hasn’t deterred someone as there has clearly been a leak along the line. This shows how competitive the funds management industry is that someone wants to knock a high-performing, high-profile manager. Then on the other hand there are allegations that market manipulation is something done to help managers place well in league tables.
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