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Showing 301 - 310 of 437 results for "Managed investment scheme"

Select Asset Management acquires Total Fund Services

MARK SMITH  |  THURSDAY, 13 DEC 2012
Investment management group Select Asset Management has acquired Australian financial services business Total Fund Services (TFS) today for an undisclosed amount. TFS provides specific regulatory services to Australian managed investment schemes, acting ...

New emerging market dividend fund

BEN COLLINS  |  FRIDAY, 2 NOV 2012
... dividend fund. Emerging market equities specialist Somerset Capital has launched the registered Australian managed investment scheme, which gives Australian investors access to Somerset's emerging market dividend strategy. While the investors can not ...

Storm preyed on the naive: ASIC

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
... institutions lent money to Storm investors and stand accused by the regulator of involvement in an unregistered managed investment scheme. Myers said the banks had a full understanding of what their clients were investing in but they were motivated by ...

New hedge fund rules for post-GFC environment

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
ASIC's new guidance on hedge funds will force managers to greater disclosure on where money is invested, how assets are valued, the fund's structure and the risks involved to better protect investors following recent high-profile cases of fraud. Addressing ...

CBA proffers Storm settlement

BEN COLLINS  |  MONDAY, 17 SEP 2012
... against CBA, this agreement will bring to a close the legal action against CBA in ASIC's unregistered managed investment scheme proceedings which were brought in the Federal Court of Australia in Brisbane in December 2010. ASIC will continue the unregistered ...

Market Wrap - Morning

AAP  |  MONDAY, 10 SEP 2012
... Macquarie Bank, Commonwealth Bank and Bank of Queensland, relating to allegations they ran an unregistered managed investment scheme. The Australian market on on Friday closed firmer, with resources companies leading the market higher amid broad-based ...

ASIC lines up Macquarie Private

MELANIE TIMBRELL  |  THURSDAY, 6 SEP 2012
... and Bank of Queensland for breaches including unconscionable conduct and operation of an unregistered managed investment scheme in relation to the 2008 collapse of Storm Financial. The regulator has been toughening its stance against wealth providers. ...

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... against the three banks for breaches including unconscionable conduct and operation of an unregistered managed investment scheme. The banks, which are also involved in an investor class action running alongside that of ASIC, deny the allegations. ASIC ...

Lion Adv cancelled/Hickie banned

LINDA HAUSKEN  |  FRIDAY, 17 AUG 2012
ASIC has revoked the AFS license of Lion Advantage and banned the financial service organisation's chief executive David Hickie for two years, following a surveillance of the business. During the surveillance period, the regulator found the business ...

Brierley bids for wound-down scheme

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
A corporate raider has made a bid for Adelaide Managed Funds Asset Banked Yield Trust, a managed investment scheme in wind-down mode. Mercantile Investments is offering 5.5 cents per share in the fund - for the 87% of units that it does not already ...