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UPDATED with Barak response: SA's Barak Fund crumbles in Greensill fashion


Australian banker Lex Greensill’s Greensill Capital, a start-up that provided short-term cash advances and spun off its loans into bond-like securities has filed for insolvency protection. This after bondholders Credit Suisse stopped investors from moving money in or out of $10bn in supply-chain investment funds when Greensill lost coverage from credit insurers. Backers such as German municipalities and Japan’s SoftBank stand to lose billions. Now South Africa’s Barak Fund, which has a strikingly similar business model to Greensill, is crumbling too, according to the Bloomberg article below. – Melani Nathan
Another trade finance fund implodes in echoes of Greensill ....

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VanEck Vectors UCITS ETF - VanEck announce liquidation of two ETFs


VanEck Vectors UCITS ETF - VanEck announce liquidation of two ETFs
PR Newswire
London, March 12
This Notice is sent to you as Shareholder of the Fund. It is important and requires your immediate attention. If you are in any doubt as to the action to be taken, you are advised to consult your stockbroker, solicitor or attorney, accountant or other independent financial adviser. If you have sold or otherwise transferred your holding in the Fund, please send at once this document to the stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Where appropriate, please pass the contents of this communication on to the beneficial investors of the Fund. ....

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Liquidation an outcome of market forces: IBBI chairperson M S Sahoo


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Latest business liquidations in Bundaberg


Business
by Cathryn McLauchlan
Premium Content
Subscriber only
NO liquidation appointment notices have been listed for businesses in the Bundaberg Local Government Area so far today. The total for the past year is four.
News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state.
Queensland-based companies operating without an ABN were omitted from the list below, however can be found in our monthly statewide list.
Here s the list for Bundaberg, listed by postcode in date order:
4670
Coral Coast Pharmacies T3 Pty Ltd, ABN: 19141613701, Main Business Location: QLD 4670, Notice Date: May 1, 2020, Liquidator: Nicholas David Cooper ....

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