ASIC’s delay in First Guardian probe; Wealthy families eye private funds to combat super tax

Good morning,

ASIC only commenced a formal investigation into Falcon Capital and its First Guardian funds in September 2024, seven months after it halted investments into the Shield Master Fund, despite both funds having exposure to failed property developer Paul Chiodo.

Meanwhile, forty years after it was set up to disrupt the corporate boys’ club, advocacy group Chief Executive Women is going through its own shake-up to improve its image and leadership structure.

And former Cbus chief executive Justin Arter says planned changes to superannuation tax laws could push more money from wealthy families into private credit funds.