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ASIC Targets Equity Trustees for $73m Compensation Over Shield Fund Losses

10:11am on Monday 13th of October, 2025 AEDT Financial Services
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ASIC Targets Equity Trustees for $73m Compensation Over Shield Fund Losses

10:11am on Monday 13th of October, 2025 AEDT
Key Points
  • ASIC amends claim to include compensation orders for Shield Master Fund losses
  • Shield Master Fund revalued from $151 million to $78 million
  • Equity Trustees subsidiary ETSL denies breach of fiduciary duties
  • Liquidators anticipate material recovery for impacted members
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