Steven and Justine Clark, with their son, Michael, and daughter, Amber. Photos: Dickson Lee; AFP
Steven and Justine Clark, with their son, Michael, and daughter, Amber. Photos: Dickson Lee; AFP
The Clarke family at the Sha Tin racecourse.
The Clarke family at the Sha Tin racecourse.
Australian shares closed down 1.4 per cent on September 16, 2008, as the collapse of American investment bank Lehman Brothers rocked global markets.
Australian shares closed down 1.4 per cent on September 16, 2008, as the collapse of American investment bank Lehman Brothers rocked global markets.
Magazines /  Post Magazine

When an investment fund goes bad

Thousands of people saw their life savings wiped out when the "low-risk" fund into which they had put their nest eggs imploded last year. Benjamin Robertson looks into the murky world of LM Investment Management and what its collapse should signal to the investing public

Benjamin Robertson
Benjamin Robertson

Updated: 3:08pm, 30 Oct, 2015

Why you can trust SCMP
Steven and Justine Clark, with their son, Michael, and daughter, Amber. Photos: Dickson Lee; AFP
Steven and Justine Clark, with their son, Michael, and daughter, Amber. Photos: Dickson Lee; AFP
The Clarke family at the Sha Tin racecourse.
The Clarke family at the Sha Tin racecourse.
Australian shares closed down 1.4 per cent on September 16, 2008, as the collapse of American investment bank Lehman Brothers rocked global markets.
Australian shares closed down 1.4 per cent on September 16, 2008, as the collapse of American investment bank Lehman Brothers rocked global markets.
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