Receivers appointed to Keystone fund amid ‘grave concerns’ over $160M transactions

ASIC 2024-08-27 11:01 pm By Cindy Cameronne | Sydney

ASIC has won its bid to appoint receivers to a managed investment scheme run by Keystone Asset Management after expressing “grave concerns” that investor funds were used to pay sports stars and buy a $4.3 million home for its former director.