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Showing 161 - 170 of 471 results for "Managed investment scheme"

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
... over superannuation to invest in property developments. He is also accused of operating an unregistered managed investment scheme and misusing investor funds, including converting investor funds into crypto assets. A Team was primarily advertised on ...

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
... financial services without an Australian financial services licence and had been operating an unregistered managed investment scheme that was required to be registered. ASIC said it sought to protect the assets of Ascent and its clients after findings ...

Yarra adds market neutral fund

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
... investment objectives." Joining Yarra's suite of funds, the market neutral offering is now a registered managed investment scheme open to all wholesale and retail investors in Australia, and now has a minimum investment of $10,000, previously $250,000. ...

State Street bags K2 Asset Management mandate

ANDREW MCKEAN  |  FRIDAY, 13 MAY 2022
... services in Australia to this fund that provides domestic investors with exposure to a cryptocurrency managed investment scheme listed on Cboe. In turn, the scheme invests in a listed offshore fund whose holdings include Bitcoin. Executive director of ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
ASIC is seeking feedback on licensing rules for the Corporate Collective Investment Vehicles regime ahead of its July implementation date. The consultation includes examining the licensing application process - AFSLs wanting to apply and operate a CCIV ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... Dixon Advisory as an example. But he also agrees that the CSLR's scope falls short of regulating managed investment scheme collapses. "There are more than 1300 Australians whose complaints and compensation awarded have been paused until the passage ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
PE Capital Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
The proposed Compensation Scheme of Last Resort regime has several flaws that will overlook the protection of certain investors, a parliamentary inquiry heard. In discussing the Standing Committee on Economics Financial Services Compensation Scheme ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
Timeshare company Ultiqa Lifestyle Promotions is in the firing line for providing bad financial advice, following an investigation by ASIC. ASIC alleges that between October 2017 to March 2019 the advice was provided by authorised representatives promoting ...