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Showing 331 - 340 of 472 results for "Managed investment scheme"

ASIC to accept submissions for 'hedge fund' definition

LAURA MILLAN  |  THURSDAY, 23 MAY 2013
... allow time for submissions. The currently regulatory guide on hedge funds defines them as a registered managed investment scheme that is promoted as so. The document also states that the main characteristics of hedge funds are the complexity of the investment ...

Opposition and VOFF criticise response to Trio report

LAURA MILLAN  |  MONDAY, 29 APR 2013
The opposition and the Victims of Financial Fraud (VOFF) have criticised the government's response to the reports by the Parliamentary Joint Committee and Richard St. John on the collapse of Trio Capital. Shadow minister for Financial Services and Superannuation ...

ASIC charges former financial adviser

LAURA MILLAN  |  FRIDAY, 12 APR 2013
... services practice out of Mornington, Victoria. ASIC's investigation commenced after the collapse of BDT, a managed investment scheme in 2010 whose responsible entity was Traditional Values Management. On 6 May 2011, ASIC banned Mr Whitting from providing ...

ASIC suspends licence of LM Investment

LAURA MILLAN  |  WEDNESDAY, 10 APR 2013
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services licence (AFSL) of LM Investment Management Limited for two years following the company's voluntary administration. The AFSL suspension allows ...

Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
Challenger's entire suite of annuity products has been approved by independent research house Lonsec. Lonsec awarded the rating to all managed investment schemes and term and lifetime annuities offered by Challenger, including the fastest selling annuity ...

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 ...