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Showing 11 - 20 of 1533 results for "Master"

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
... as Venture Egg and Rhys Reilly advised "thousands" of clients to invest their super into the First Guardian and Shield master funds. Both funds have now collapsed, with over $1.2 billion, and counting, of retirement funds that was put at risk. ASIC has ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... parliamentary inquiry that criticised its governance and structural problems, particularly its role in the failed First Guardian Master Fund, in which members invested about $240 million. At the recent Parliamentary Joint Committee on Corporations and ...

Superannuation assets inch to nearly $4.8tn

KARREN VERGARA  |  TUESDAY, 1 SEP 2026
... to $653.8 billion. There are only two corporate funds left in Australia - the Mercer Super Trust and Russell Investments Master Trust. Mercer Super Trust has more than $71 billion in assets under management while the Russell Investments Master Trust ...

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
... from $124.1 million in the previous year. Sequoia said the business was directly affected by the First Guardian and Shield Master Fund failures, attributing the decline largely to the reduction in adviser numbers from 294 in July 2025 to 110 June 2026. ...

APRA hits 12 super options with failed grade

KARREN VERGARA  |  FRIDAY, 28 AUG 2026
... offerings - failed the test. The three super funds are the IOOF Portfolio Service Superannuation Fund, Oasis Superannuation Master Trust and Retirement Portfolio Service. "These options are specifically designed for members seeking higher growth and ...

Sequoia gives InterPrac sale a second shot

ELIZA BAVIN  |  THURSDAY, 27 AUG 2026
... would have seen the Sequoia group of entities divest itself of liabilities stemming from the Shield and First Guardian master fund collapses.

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
... Empathising with former Australian Fiduciary and APT Strategy clients, Melinda Kee, a victim of the failed First Guardian Master Fund commented: "This has been a long and complicated process for Australian Fiduciaries investors, and I'm genuinely pleased ...

BT Panorama hires long-serving Russell Investments executive

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
... director and head of Australia and New Zealand at Russell Investments. Prior to that, he was the managing director of the master trust and superannuation business, overseeing a team of 20 covering master trust client service, business development and ...

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
... administration in FY26, though its statutory result was weighed down by $74 million in after-tax costs related to the First Guardian Master Fund collapse. The platform provider incurred a $71 million post-tax compensation charge for affected members ...

Philip King stages transition to retirement

KARREN VERGARA  |  MONDAY, 24 AUG 2026
... profit after tax for the group jumped 258% year on year to $94.1 million. During the period, Regal seeded the Regal Partners Master Income Trust and Regal Partners Multi-Strategy Income Fund, a multi-strategy income fund for which the group is the investment ...