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Showing 601 - 610 of 735 results for "responsible entity"

AvSuper loses case against fund manager

RUTH LIEW  |  FRIDAY, 21 JAN 2011
... fund's entitlements in the Commonwealth Property Hotel Fund. CMIL and Colonial First State Property were the responsible entity and manager, respectively, of the Commonwealth Property Hotel Fund. The super fund challenged CMIL's interpretation of provisions ...

Fidelity closes property fund

STANDARD & POOR'S RELEASE  |  TUESDAY, 18 JAN 2011
... paid, the net proceeds will be distributed to remaining investors according to the number of units held. The responsible entity has a duty to complete the process as soon as practically possible, although no time limit has been prescribed. Fidelity will ...

Astarra director faces five years jail, $220k fine

ASIC RELEASE  |  WEDNESDAY, 8 DEC 2010
... for the benefit of his company. The funds Richard placed in the overseas hedge funds had been raised by the responsible entity of ASF, Trio Capital Limited. ASIC alleged that Richard and AAM received in excess of $6.4 million in undisclosed payments. ...

ASIC strikes back in Opus dispute

JOHN MCDULING  |  FRIDAY, 22 OCT 2010
... for the purposed of complying with the Net Tangible Asset requirement of the AFS licence" Opus Capital is the responsible entity for 14 unlisted property funds. At the end of the March quarter, the company had almost $530 million in funds under management ...

ASIC tightens noose on managed inv schemes

JOHN MCDULING  |  FRIDAY, 8 OCT 2010
... revenues, to ensure operating costs can be met throughout the life of a scheme, and, in the event of a failure of a responsible entity, that enough money is available for schemes to continue, or be orderly wound down. ASIC also proposed that REs be prohibited ...

Equity Trustees calls for more from teeth behind RE reforms

ELISE BURGESS  |  FRIDAY, 1 OCT 2010
... lack of recognition of the complexity of the funds, the need for separation between a fund manager and the Responsible Entity to protect investors if the fund manager fails. "It is not only that the Responsible Entity concept has generally evolved into ...

Aust Unity to buy Westpac FML

ELISE BURGESS  |  WEDNESDAY, 22 SEP 2010
... Funds Management Limited (WFML), taking its total property funds under management to $1.7 billion. WFML is the responsible entity of the Westpac Diversified Property Fund (WDPF), with AUI agreeing to a number of processes including establishing liquidity ...

S&P withdraws sell rating on 452 funds

S&P RELEASE  |  THURSDAY, 16 SEP 2010
... CFS 452 Australian Share and Geared Australian Share strategies. This follows notification from the funds' responsible entity, CFS First State Investment, that it has completed the transition of these strategies from 452 Capital. Integrity Investment ...

SG Hiscock wins $500 million AREIT mandate from Challenger

JOHN MCDULING  |  WEDNESDAY, 15 SEP 2010
... co-portfolio manager of Challenger real estate securities, who left the fund manager in April. CMIL will remain the responsible entity for the funds. "SG Hiscock & Company is a highly rated funds management boutique business with a strong record in managing ...

S&P places CFS funds on hold

S&P RELEASE  |  FRIDAY, 20 AUG 2010
... Capital's Australian equity strategies. This came after an announcement from Colonial First State Investments, the responsible entity for the funds, that it had received a letter from the board of 452 Capital advising of the intention of the management ...