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Showing 161 - 170 of 293 results for "Shield"

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
The Federal Court has made orders against two individuals in connection to ASIC's investigation into the Shield Master Fund collapse. The $480 million Shield Master Fund collapse will likely see its 5800-plus investors cop significant losses, with the ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... is to curb financial advice misconduct that is occurring at an "industrial scale". "Our ongoing investigation into the Shield Master Fund is one such example - though regrettably it's not an isolated one. It reflects a pattern of conduct we are seeing ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
AMP has dared to go where no super fund has gone, taking the plunge with a "modest allocation" to Bitcoin, even as other industry heavyweights stand resolute in their rejection of the digital asset. Last week, AMP senior portfolio manager Steve Flegg ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... Gen had previously recommended its clients to invest in the Global Capital Property Fund (in Liquidation) (GCPF) and the Shield Master Fund. GCPF was a flagship fund from United Global Capital (UGC), which is also in liquidation and was ordered to be ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... Court appointed Jason Tracy and Lucica Palaghia of Deloitte as receivers and managers of Keystone Asset Management's Shield Master Fund (Shield), removing the voluntary administrators Keystone's directors had previously appointed in KordaMentha. ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... don't see the sorts of issues we have seen elsewhere. We are urging them to review the processes they have in place to help shield members from fraud, and to ward off any escalation of activity by scammers." AFCA recently revealed it received a record ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... the viability of the group." Last month, ASIC obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund, a registered managed fund overseen by Keystone Asset Management. ASIC said that the orders were sought to protect ...

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund (Shield), a registered managed fund overseen by Keystone Asset Management. ASIC said it sought the orders to ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... services Kelly O'Dwyer, who decried how, for too long, perpetrators of horrific crimes have manipulated the system to shield their super assets from victims. "... our government's full efforts are behind making sure that perpetrators are held ...