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Showing 1 - 10 of 10 results for "MFS Group"

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
The former chief executive of MFS Group - later known as Octaviar - has been declared bankrupt after he failed to pay a penalty to ASIC of $300,000. The Federal Court made the order against Michael Christodoulou King based on the unpaid penalty even ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... Premium Income Fund (PIF) on behalf of unitholders, using the funds to pay debts owed by other related entities in the MFS Group. The MFS Group collapsed in 2008 owing $2.5 billion. The court decided that they did not act honestly in carrying out their ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... ACN, have been found liable for breaching their directors' and officers' duties by the Supreme Court of Queensland. The MFS Group, subsequantly known as Octaviar, collapsed in 2008 owing $2.5 billion. ASIC launched civil action in 2009, alleging that ...

ASIC takes MFS Group to court

COMPANY RELEASE  |  MONDAY, 2 NOV 2009
The regulator has started civil proceedings against the former executives and officers of MFS Group and its three subsidiaries for alleged transactions that breached responsible entity laws. The Australian Securities and Investments Commission (ASIC) ...

HFA clears up MFS links

MICHAEL HOBBS  |  TUESDAY, 22 JAN 2008
HFA Holdings was forced to clarify its relationship with MFS Group, stating HFA has no operating or business relationship with the company, after MFS' share price continued its nosedive. In a statement, the HFA Holdings (HFA) board said HFA's share ...

MFS bumper year after restructure

CHRIS NICHOLLS  |  MONDAY, 3 SEP 2007
It has been a busy year for property investor and developer MFS Group which announced a net profit of $13.4 million for the year to 30 June 2007, beating its May 2007 earnings per security (EPS) forecast by 124 per cent. Excluding Fair Value Adjustments ...

Sovereign MF appoints head of fin services

HAMISH MADDEN  |  THURSDAY, 21 JUN 2007
... wealth of industry experience to Sovereign, including time spent most recently as head of adviser distribution with MFS Group. Prior to MFS Turner spent time with IOOF Funds Management and AXA International. "Paul's appointment will allow Sovereign to ...

MFS Groups to merge and list as a new fund management and investment group

MFS Leveraged Investment Group (MLIG) and MFS Group Limited will together merge and list on the ASX as a newly created listed funds management and investment group. The merger will result in a market capitalisation increase from $40 million to over ...

MFS acquires 18.85 per cent stake in BreakFree

AAP  |  THURSDAY, 30 SEP 2004
Boutique fund manager MFS Group on Wednesday acquired an 18.85 per cent stake in resorts operator BreakFree for $24.9 million. MFS acquired the stake, or 8.3 million shares, primarily from the Breakfree co-founders the Frawley family and managing director ...

MFS enters agreement to acquire Australian Alpine Enterprises

AAP  |  THURSDAY, 11 MAR 2004
Fund manager MFS Group said today it has entered into agreements to acquire Australian Alpine Enterprises from joint owners, Australian Retirement Fund and Retail Employees Superannuation Trust. MFS Group said the Mount Hotham and Falls Creek ski resorts ...
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