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Showing 1 - 10 of 23 results for "KordaMentha"

WAM wins Blue Sky bid, appoints directors

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
... during Q1 2019, with $36.8 million in expenses and $82.4 million in liabilities. Oaktree Capital subsequently appointed KordaMentha as receivers and managers of the company and its approximately 3300 shareholders.

WAM makes alternatives play

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... Sky Alternative Investments announced it had been forced into receivership, with Oaktree Capital Partners appointing KordaMentha as receivers and managers of the company. It came after the investment company breached the covenant on a $50 million convertible ...

HUB24 also in line at Sargon

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... be owed about $30 million by one of the Sargon companies, as first reported by Financial Standard. It has appointed KordaMentha as its advisers to oversee the voluntary administration process and has the right to appoint receivers and managers, according ...

Manager vacancy at $50m fund

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
A $50 million fund set up by the South Australian government has started the search for a new investment manager to replace a Blue Sky subsidiary. The SA Venture Capital Fund (SAVCF) appointed Blue Sky Venture Capital in 2017 as its manager. It is now ...

Blue Sky dissolves chief executive role

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... partners," the May 20 release said. "There is considerable work to be undertaken in the immediate future. Oaktree, KordaMentha and management are all united and committed to satisfying the business and its clients' immediate needs." Blue Sky had ...

Blue Sky enters receivership

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... breached a term of its $50 million loan facility. Oaktree Capital Management has appointed restructuring specialist KordaMentha's Mark Korda and Jarrod Villani as the receivers and managers, and Pilot Partners' Bradley Hellen and Nigel Markey as voluntary ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... 2014. Commonwealth Bank has paid a further $2.3 million to 232 clients advised by five of its advisers, according to KordaMentha Forensic's fifth and final report. This takes CBA's total remediation bill in relation to the issues and other identified ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
... to customers by the end of January 2018. This is ahead of the schedule agreed with ASIC," CBA said in a statement. KordaMentha Forensic was appointed by ASIC to assess the adequacy of CBA's 2012 review of potentially high-risk advisers and found 16 were ...

ASIC probe reveals 185 more CBA compo cases

KERRIE SYDEE  |  TUESDAY, 6 DEC 2016
KordaMentha Forensic's third report on the varied licence conditions imposed on Commonwealth Financial Planning and Financial Wisdom has revealed compensation has been offered to a further 185 cases. The report was required under the additional conditions ...

More CBA-aligned advisers under scrutiny

DARREN SNYDER  |  THURSDAY, 17 DEC 2015
... Financial Wisdom (FWL) are to be reviewed for potential inclusion in a compensation program. This is the key finding in KordaMentha Forensic's second report on past activities by the two Commonwealth Bank (CBA) aligned advice businesses. The second report ...
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