Hedge fund founder’s $550,000 loan to be questioned by liquidator

The founder of Perth-headquartered NWQ Capital Management owed the hedge fund more than half a million dollars before its collapse and has told liquidators the loan cannot be paid back.

NWQ – which had former Reserve Bank governor Glenn Stevens on its investment committee – collapsed owing a little under $20 million to creditors, according to an update to creditors sent last week.