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Showing 71 - 80 of 193 results for "Master Fund"

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
... representatives Venture Egg and Rhys Reilly Pty Ltd advised about 6843 clients to invest some $677 million into the Shield Master Fund and First Guardian Master Fund. Of these, Venture Egg and its principal Ferras Merhi advised 2930 clients to invest ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
... and supervision activities particularly in the pre-vetting process. Kirkland pointed to the collapses of the Shield Master Fund and First Guardian Master Fund as the "worst-case scenario" for switching superannuation funds based on bad advice. "SMSF ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
... Limited does not consider itself responsible for the losses incurred by members who invested in the First Guardian Master Fund (FGMF) or Shield Master Fund. It's estimated about $73 million was lost by Shield investors, while members of super funds ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... pursued a technical issue against Crown, he said, large-scale investment fund failures such as the First Guardian Master Fund and the Shield Master Fund have caused widespread financial harm to Australians. "The cynic in me would say ASIC had to meet ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... misconduct by officers. The latest interim injunctions form part of ASIC's ongoing investigations into the Shield Master Fund and First Guardian Master Fund. Merhi, who was also the principal of Venture Egg and Financial Services Group Australia ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... must also be in the public interest. Some 1088 Netwealth members are impacted by the collapse of the First Guardian Master Fund (FGMF), with about $101 million estimated to have been lost. Netwealth said the purpose of the application is to ensure members ...

Macquarie to shed more than 240 investment options

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... Fund and the OC Dynamic Equity Fund were also closed to super investors. The move comes at the fallout of the Shield Master Fund. ASIC and Macquarie are now battling it out in the Federal Court as the regulator alleges MIM did not act efficiently, honestly ...

Shield, First Guardian fallout calls for tougher scrutiny on research houses, licensee governance

MATTHEW WAI  |  FRIDAY, 24 OCT 2025
The fall of the Shield Master Fund and First Guardian Master Fund calls for tougher scrutiny of research houses and licensees to strengthen their governance framework, according to experts, who warn that an entrenched system requires an urgent shakeup. ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... advised clients to invest most of their superannuation into the High Growth class or the Growth class of the Shield Master Fund which were high risk investments or the Balanced class which was a medium-high risk investment. Shield also had a limited ...

Complaints still too high: AFCA annual review

ANGELIQUE MINAS  |  THURSDAY, 23 OCT 2025
... spike in complaints includes those mostly brought against solvent financial firms that were impacted by the Shield Master Fund and the First Guardian Fund collapses," AFCA said. 'Failure to act in the client's best interest' complaints increased by 124% ...