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Australian regulator halts sales of Ares global credit income fund

Original: ares global credit income fund

Australia's corporate regulator has moved to stop sales of the Ares Global Credit Income Fund, citing concerns over whether the product suits the investors it is being sold to. The action comes amid a broader crackdown in which the regulator has also halted sales of other credit funds, including one managed by Fidante, over similar investor suitability concerns.

Why now: Investors are watching a regulatory clampdown on retail credit funds in Australia that has hit multiple fund managers within a short period.

Ares Global Credit Income FundAres ManagementASICFidanteAustralia

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