Why Infinz awards are worthless

NBR reports on Infinz and their now suspect and dodgy awards:

Fund manager of the year awards won by Mark Warminger and Milford Asset Management will not be reviewed in the wake of High Court market manipulation findings, says the Institute of Finance Professionals.

After an investigation triggered by the NZX in mid-2014, the Financial Markets Authority sued Mr Warminger alleging he manipulated the market on 10 occasions that year.

Last week the High Court found the FMA had proved its case on two counts.

During the hearing, Mr Warminger told the court he had won fund manager of the year awards three years running, in 2012, 2013 and 2014.

The awards were from Infinz, which picked Milford as Equities Fund Manager of the Year in those years. ? Read more »