Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 735 results for "responsible entity"

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... statements regarding the Bloom Climate Impact Fund (Bloom Fund). From March 2022 to June 2023, MSC, as trustee and responsible entity of the Bloom Fund, made statements in the fund's product disclosure statement (PDS) that said the fund would seek to ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... current scheme - another Paladin company Hodgson was director of was found to have failed its obligations as a responsible entity. Exalt Global Funds Limited was found to have made misleading statements in product disclosure statements about the level ...

Bell Asset Management looks to exit RE services

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
Bell Asset Management is calling for a shareholder vote to replace itself as responsible entity (RE) of three of its funds, saying it just wants to focus on managing investments. Bell Asset Management has asked investors in its Bell Global Equities ...

EQT winds up Mirae Asia equity fund

CHLOE WALKER  |  FRIDAY, 9 FEB 2024
... Asset Asia Great Consumer Equity Fund, with final termination expected on or around April 5. As the fund's responsible entity, EQT said the decision to close the Asia Great Consumer Equity Fund was driven by its current investment scale. "Under these ...

BWP, Newmark Property REIT set to merge

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
BWP Trust (BWP) and Newmark REIT Management, the responsible entity for Newmark Property REIT (NPR), have agreed to merge, subject to shareholder approval. Under the proposed merger, real estate investment trust BWP will offer to acquire 100% of NPR's ...

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... Disruption Fund, with the transition expected to occur early this year after having already been approved by the responsible entity, Perpetual's The Trust Company. It was said the decision was made as, despite its best efforts, Orca has not been able ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... found to be an unregistered managed investment scheme run by Linchpin Capital. Endeavour Securities was the responsible entity. The Federal Court later found the directors of the scheme had used money sought from investors for their personal use, including ...

Institutional investor tips $30m into new Mantis offer

CHLOE WALKER  |  THURSDAY, 16 NOV 2023
... to wholesale clients in Australia and wholesale investors in New Zealand only, with Equity Trustees as the responsible entity. The unit trust launch follows the partnership between Mantis Funds and Adelaide-based specialty financial services provider ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... need to simplify the management of AUD/USD currency exposures. Rochford Group has appointed Equity Trustees as responsible entity of its new fund, the Leveraged Long AUD Fund, which was introduced last month. "Currently, there is limited access to institutional ...

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... insolvent. A consumer who suffers loss arising from advice to invest in a MIS can bring a claim against the responsible entity of the MIS or the financial advice firm or both parties. AFCA therefore wants input from stakeholders on how to apportion liability ...