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