Investors in Hubbard Management Funds are likely to get their initial distributions in the first three months of next year after the High Court settled on how to split the funds. Justice Lester Chisholm has directed statutory managers Trevor Thornton, Richard Simpson and Graeme McGlinn of Grant Thornton to split HMF into two pools, the first being the principal amount …

The New Zealand dollar held its overnight gains in the local trading session as traders prepare for Reserve Bank governor Graeme Wheeler’s maiden monetary policy statement, where he’s expected to keep interest rates on hold. The kiwi traded at 82.47 US cents at 5pm in Wellington from 82.43 cents at 8am, up from 82.29 cents yesterday. The trade-weighted index increased …

A2 Corp, which markets milk products with a protein variant claimed to have health benefits, plans to raise $20 million in a placement in a bid to accelerate growth in its UK joint venture and Chinese infant formula businesses. The capital raise coincides with its three major shareholders selling down their stakes to boost liquidity to allow a shift to …