Is Latrobe Financial guaranteed by the government?
When considering whether to acquire or to continue to hold an interest in the Fund, you should remember that (1) an investment in the Fund is not a bank deposit or a term deposit, and is not covered by the Australian Government’s deposit guarantee scheme. A number of factors influence the investment returns.
Is it safe to invest in Latrobe financial?
La Trobe Financial, one of the country’s largest first mortgage lenders, is being accused by the corporate regulator of failing to inform potential investors of the risky nature of its funds, as well as falsely marketing how quickly they can get their money back.
Is La Trobe a managed fund?
Since 1952 La Trobe Financial has managed $22.76 billion in mandates and served over 150,000 customers. La Trobe Financial is 80% owned by Blackstone, the world’s largest alternative asset manager, with over US$554 billion of Funds under Management worldwide.
Who owns La Trobe Financial?
Blackstone Group
La Trobe Financial announced a strategic partnership with Blackstone Group in December 2017. Under the deal, New York-based Blackstone, one of the world’s leading investment firms with US$649 billion in assets under management, took an 80% equity stake in the La Trobe Financial Group.
Who is La Trobe?
La Trobe was the nephew of British architect Benjamin Henry Latrobe….Charles La Trobe.
| Charles La Trobe CB | |
|---|---|
| Nationality | British |
| Spouse(s) | Sophie de Montmollin (1835–1854) Rose Isabelle de Meuron (1855–1875) |
| family motto is Whoever seeks shall find |
What is a credit fund?
Often referred to as credit funds or fixed income funds, debt funds fall under the fixed income asset category. These low-risk vehicles are customarily sought by investors looking to preserve capital and/or achieve low-risk income distributions.
Are trilogy funds safe?
Following the review, both Funds have been upgraded to VERY STRONG. A VERY STRONG rating is the second highest rating in Australia Ratings’ scale and is used to indicate a very strong level of confidence that the Funds can deliver a risk-adjusted return in line with their investment objectives.
What does Trobe mean?
Etymology. French surname from the Midi-Pyrénées region. Derived from Occitan la troba (‘one finds it’).
What is La Trobe famous for?
The third oldest university in the state, we are among the top 50 universities worldwide under 50 years of age (Times Higher Education Young University Rankings 2020), one of Australia’s research leaders, and the largest provider of higher education to regional Victoria.
Why is the La Trobe statue upside down?
The sculptor is also quoted as saying that “the statue embodies the notion that universities should “turn ideas on their heads.” Other observers have jokingly argued that the statue was turned upside down because La Trobe is better known in England, and that from an English perspective the monument is not upside down …
Is debt fund better than FD?
Debt funds are tax-efficient as compared to fixed deposits. The interest from bank fixed deposits are added to your taxable income and taxed as per your income tax bracket. Debt funds are tax-efficient as compared to bank FDs if you fall in the higher income tax bracket and have an investment horizon above three years.
When was La Trobe Australian Credit Fund PDS issued?
Product Disclosure Statement This PDS is dated 7 August 2020 and has been issued by La Trobe Financial. This PDS has not been lodged with the Australian Securities & Investments Commission (‘ASIC’) and is not required by the Corporations Act to be lodged with ASIC.
Who is the Chief Investment Officer of La Trobe?
Chris Andrews, chief investment officer at La Trobe Financial Group’s Australian Credit Fund, which has $5 billion under management, says investors need to be confident in the security of their capital and the sustainability of the return.
How does La Trobe Financial 12 month term account work?
All figures are percentages. 12 Month Term Account aims to provide Investors with a reasonably stable and predictable income based on a monthly variable rate of return, investing in a wide range of loans secured by a mortgage in a range of industry sectors, with geographic diversification across Australia.
What does La Trobe Financial say about floods in Victoria?
La Trobe Financial stands ready for those customers whose homes have been impacted by the floods in Victoria – we are here to support you. To the extent that any statement on this website constitutes financial product advice, that advice is general advice only and has been prepared without considering your objectives, financial situation or needs.