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James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... for allegedly claiming IPO Wealth Group owned companies that it did not. Mawhinney has been in a years-long battle with ASIC now, with the regulator taking him to court for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims ...

Foreign investors optimistic about Australia

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... year's FDI Confidence Index to give business leaders insights into which emerging markets are most appealing to investors now and over the next three years. Despite overall optimism about the global operating environment, APAC investors were wary about ...

Count completes Solutions Centric deal, reconsiders another

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2024
... not complete "due to non-satisfaction of the conditions precedent." The ASX-listed accounting and advice group said it is now considering its options. "Count continues to have discussions with various parties and are exploring other strategic options ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... credit market, which specialises in non-bank financial institutions such as investment funds lending to corporate borrowers, is now nearing market share equal to that of syndicated loans and high-yield bonds. "This market emerged about three decades ...

Corporate super fund to be terminated

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2024
... been closed to new members and will be wound up. The fund was established in 1977 by agribusiness Manildra Group which has now notified the trustee that while the fund continues to promote member outcomes, according to its own assessment, it will terminate ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... orders obtained by ASIC, meaning ASIC succeeded in its case in 2021 at trial against an undefended opponent. Mawhinney has now called upon the Australian Parliament to investigate the liquidators assigned by the court. "The Australian Parliament needs ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
... with a value of about $46,057. This represents just 0.037% of FOR's total units on issue of 99,851,310. Unitholders must now approve the delisting via special resolution and will meet on May 13. Forager chief investment officer and co-founder Steve ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... caseworker resources to assist in managing our increased volumes and one of our seven case management teams in superannuation is now specialising in delaying claim handling cases. If trustees improve the number of cases resolved in its IDR process, it ...

L1 Capital joint MD takes leave of absence

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... of the best performers for the month. "In addition, the portfolio was well positioned to benefit from the tailwinds we are now starting to see in the copper, energy and gold markets," L1 said. Over the year however, the fund returned 11.7% compared to ...

Income AM bolsters sales function

ELIZABETH FRY  |  FRIDAY, 5 APR 2024
... FIIG. Bruce joins as executive director and head of Western Australia for IAM. He was the state manager for WA at FIIG and is now tasked with spearheading the firm's entry into the state. Labib said Bruce brings over 20 years of experience working ...