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Showing 91 - 100 of 1485 results for "Master"

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... suspected misconduct by officers. The latest interim injunctions form part of ASIC's ongoing investigations into the Shield Master Fund and First Guardian Master Fund. Merhi, who was also the principal of Venture Egg and Financial Services Group ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... assistance must also be in the public interest. Some 1088 Netwealth members are impacted by the collapse of the First Guardian Master Fund (FGMF), with about $101 million estimated to have been lost. Netwealth said the purpose of the application is to ...

Macquarie to shed more than 240 investment options

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... closures take effect on 31 March 2026. Early this month, Macquarie shuttered eight products, including two of its own - the Master Property Securities Fund and Global Income Opportunities Fund. The others included the AMP Equity Fund Class A Units, Dexus ...

Shield, First Guardian fallout calls for tougher scrutiny on research houses, licensee governance

MATTHEW WAI  |  FRIDAY, 24 OCT 2025
The fall of the Shield Master Fund and First Guardian Master Fund calls for tougher scrutiny of research houses and licensees to strengthen their governance framework, according to experts, who warn that an entrenched system requires an urgent shakeup. ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... footprint, scoring major mandates, such as Insignia Financial moving over 1000 staff members in July as it simplifies its master trust business to save $200 million in operating expenses by FY30. SS&C Technologies chief growth officer for Australia Lachlan ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... he advised clients to invest most of their superannuation into the High Growth class or the Growth class of the Shield Master Fund which were high risk investments or the Balanced class which was a medium-high risk investment. Shield also had a limited ...

Complaints still too high: AFCA annual review

ANGELIQUE MINAS  |  THURSDAY, 23 OCT 2025
... The spike in complaints includes those mostly brought against solvent financial firms that were impacted by the Shield Master Fund and the First Guardian Fund collapses," AFCA said. 'Failure to act in the client's best interest' complaints increased ...

Insignia Financial posts strong quarter

MATTHEW WAI  |  THURSDAY, 23 OCT 2025
... inflows into Wrap and $448 million into the asset management business, partially offset by $785 million in net outflows from Master Trust. Funds under management and administration increased by $10.2 billion, or 3.1%, to $340.5 billion as at 30 September ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services. Spooner, also a member of MWL's investment committee ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... Alvarez and Marsal estimates that as at 31 May 2024, the value of the net assets attributable to unit holders of the Shield Master Fund was in the range of $205,843,566 to $238,806,547 - a far cry from the $525,367,274 previously claimed by Shield. In ...