PROMINENT local advisory firm Oakvale Capital has dismissed suggestions it is at fault for the multi-million losses suffered by a former client, as the Perth firm is taken to court over a claim for close to $10 million.
A MOVE by Perth businessman Gordon Martin to bankroll a $20 million "rescue package" for Great Southern investors is widely expected to be the first of several competing proposals to be lodged in the coming weeks.
Perth-based property fund manager Aspen Group has raised $10 million from investors in its embattled Diversified Property Fund, leaving the company to raise a further $5 million to meet its minimum loan obligations.
Coogee Chemicals chairman Gordon Martin has challenged receivers of Great Southern by devising a plan to personally contribute the vast bulk of working capital, of up to $20 million, needed to enable six collapsed timber schemes to be brought to harvest.
THE state's biggest industry superannuation fund, Westscheme, has shed its impressive gains generated in the years leading up to the financial crisis after its large portfolio of unlisted assets was savaged by the downturn.
The financial planning industry is facing a structural overhaul as parliamentary committees, industry groups and the public debate proposed reforms. Jonathan Barrett asked three Perth financial planners for their opinion on how to improve the industry.
Local forestry veteran Tony Jack has accused receiver McGrathNicol of using his bid for the collapsed Great Southern timber schemes to find a better deal for the bank creditors at the expense of out-of-pocket investors.