HFA fund closes
HFA Holdings’ latest investment offering, the HFA Octane Asia Fund, has closed after more than doubling its subscription target.
Since opening in April, the fund has raised more than $270 million from investors, providing a total investment pool for unitholders of $390 million.
The fund is a capital-protected, leveraged absolute return fund and is managed by HFA Asset Management.
Its success brings HFA’s total funds under management to about $1.55 billion and assets under management to $2.61 billion.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.