IRG's McEwen to advise Huljich

Last updated 05:00 17/03/2010

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Huljich Wealth Management has appointed Investment Research Group (IRG) chief investment officer David McEwen as an external consultant to its investment committee.

As part of a Securities Commission probe, Huljich Wealth Management rewrote its investor statements for retirement fund returns after previous returns did not show former managing director Peter Huljich had made two payments totalling $150,000 as compensation for investment decisions he made.

Mr Huljich said he felt morally responsible for the decisions and there was no intention to boost the funds' performance. This month Huljich chairman and former Reserve Bank governor Don Brash took over as managing director and chief investment officer of the company. Mr McEwen is an investment columnist for The Dominion Post. NZPA

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