Macquarie Group to repay A$321 million to investors in now-collapsed Shield Master Fund after ASIC legal action. Nearly 3,000 people invested through Macquarie between 2022 and 2023. ASIC alleges Macquarie failed to monitor Shield adequately. Macquarie to repay full amount lost in Shield’s collapse by Tuesday, aiming to recoup funds through liquidation process. Shield Master Fund under ASIC investigation for mishandling retirees’ money. Macquarie to enhance investment governance processes on its wrap platform.

Read more at Yahoo Finance: Macquarie to repay Australian investors $211 million after pension fund collapse