KKR upsizes credit fund issue 15 October 2019 4:50PM Insurance, funds and super John Kavanagh Demand for credit funds has been strong this year, as retail investors chase higher yields. The latest fund to come to the market, the KKR Credit Income Fund, has increased its issue size from $750 mi.. read more
Ratesetter locks in cost of tracking SMSF loans 19 July 2016 4:12PM P2P & marketplace lending Bernard Kellerman Class, a provider of cloud-based self-managed super fund administration software, has signed off on integration with RateSetter, provider of peer-to-peer lending to retail investors and SMSFs. read more
Timbercorp Finance liquidators face a hard road to recover borrowed funds 27 June 2016 3:59PM Retail investors John Kavanagh Timbercorp Finance liquidator Korda Mentha has failed in a bid for a court ruling that investors who borrowed from the group to invest in its agribusiness schemes cannot defend proceedings for recover.. read more
Macquarie Investment Management failed to comply with its duties as a responsible entity 24 June 2016 4:03PM Finance regulation John Kavanagh The Australian Securities and Investments Commission has commenced proceedings in the Supreme Court of New South Wales against Macquarie Investment Management, to determine the appropriate penalty for.. read more
Transcomm CU merges with Catholic Super 20 June 2016 4:10PM Credit Union Ian Rogers Members of Transcomm Credit Union last week cleared a demutualisation and merger with Catholic Super Fund. The Melbourne-based mutual has A$73 million in assets. read more
Industry super funds keep satisfied members 07 June 2016 4:31PM Insurance, funds and super Bernard Kellerman Roy Morgan's report on satisfaction with financial performance of superannuation in Australia for the six months to April 2016 shows industry funds are still way in front of their retail competitors. read more