Hutson now plans to devote her energies fully to her corporate...

Hutson now plans to devote her energies fully to her corporate advisory and funds management firm, Wellington Capital, which she said is travelling “tremendously well’’.
But that upbeat assessment doesn’t extend to the company’s Premium Income Fund, which has proved to be an unmitigated disaster for more than 10,000 investors.
The fund, once worth more than $750 million, has lost money every year since Wellington took it over in 2008. The accumulated red ink now exceeds $230 million.
After years of offloading distressed assets, Hutson said the wind down of the fund should be complete in 12 months. “We gave it our all and learned a lot,’’ she said Tremendously Well ??news to us ?
Cheers from London.