Tag: retail fund collapse
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ASIC Sues Equity Trustees Over Shield Master Fund Collapse
A legal battle is unfolding between Australia’s corporate watchdog ASIC and Equity Trustees Superannuation over the collapse of the Shield Master Fund, which jeopardized the retirement savings of over 5,800 investors. The Shield Master Fund, a property-focused retail fund, crumbled, leaving investors facing the risk of losing approximately $500 million in savings. HOW TO CREATE…