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Showing 1 - 10 of 14 results for "Falcon Capital"

First Guardian victims recoup 8% of $38m loan

KARREN VERGARA  |  FRIDAY, 3 JUL 2026
... First Guardian Master Fund will only recoup $2.9 million out of a $38.3 million loan made by responsible entity Falcon Capital, according to liquidators who said the amount represents a realistic commercial value compared to alternative options. FTI ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... performance, liquidity and stress tests, or independently enquire into information provided by responsible entity Falcon Capital. Praemium's and OneVue's exposure to the First Guardian fund via Diversa came to about $286 million. Diversa Trustees ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
ASIC was pulled up by the Senate Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... Ms Kee's loss on the presumption that she has lost all monies invested into the fund. In circumstances where Falcon Capital is in liquidation and the liquidator has advised that it has already recovered some of the assets with the majority still ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... went into liquidation." By February 2024, Kee began receiving emails from ASIC. By May 2024, responsible entity Falcon Capital suspended redemptions and applications in First Guardian, telling investors that it needed "to allow for a restructure of the ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... conduct." "The relevant conduct only came to light long after applications for and withdrawals had been frozen by Falcon Capital, the responsible entity of First Guardian," Diversa said. "Diversa has been actively monitoring First Guardian since it suspended ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... performance, liquidity and stress tests, or independently enquire into information provided by responsible entity Falcon Capital. Furthermore, ASIC said Diversa did not exercise the same degree of care, skill and diligence as a prudent superannuation ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... the fraud occurring. The $101 million reflects total member investments less redemptions as at 28 May 2024 when Falcon Capital, the responsible entity of First Guardian, suspended redemptions in the fund. At that time it claimed the investments were ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... Trustees, Netwealth, and Diversa. First Guardian was run by David Anderson and Simon Selimaj, who were directors of Falcon Capital, the responsible entity for the fund. Keystone Asset Management was Shield's responsible entity with Paul Chiodo as ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
The Federal Court has granted a travel restriction order against Falcon Capital Limited directors David Anderson and Simon Selimaj, as the responsible entity of the First Guardian Master Fund, following an application from ASIC. The orders prohibit ...
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