King Irving

#TBT to an memorable evening at the 23rd Annual Hedge Funds Rock! 🤘🎉 King Irving had the privilege of hosting a table where we joined some of our special clients and friends. This incredible event was about more than recognition — it was about giving back. The funds raised went towards supporting local charities, showcasing the power of philanthropy alongside industry achievement. A special thank you to Susan Watts, Kaan Yuksel, Anthony Hammond, Mukhtader Mohammed, Sempatike (Sempa) Kwizera, Neda Khademazad, Jessica Machin, Lachlan Davies, and Kate Mulligan for joining us at King Irving’s table and contributing to a night that blended celebration, charity, and rock 'n' roll! 🎸 Looking forward to next year’s event!

TWC Invest led by John Birkhold and Owen Hereford, has officially launched, introducing its unique investment approach in Australia.   In an interview with the The Australian Financial Review, Birkhold explains how TWC is moving beyond traditional accounting metrics to uncover real value through its proprietary framework, which evaluates companies based on their industrial life cycle.   As a proud AFSL client of King Irving, we congratulate TWC Invest on this milestone.    By focusing on economic measures and cutting through market noise, TWC aims to help investors make confident, informed decisions that drive long-term wealth creation. Read more: https://lnkd.in/dYthBUVh

Yesterday, we had the pleasure of participating in the AIMA Conference 2024, where King Irving proudly supported the event as a Platinum Legal Sponsor. The conference brought together international and local managers who shared their innovative strategies and insights with global delegates. Investors also gathered to explore the latest trends shaping the alternative investment industry 🌐 It was fantastic to welcome so many visitors to our booth – thank you for stopping by! ✨ A special mention to Kate Mulligan, who was part of the Regulatory & Compliance Update and Run Around Global Jurisdictions session as part of an impressive panel also featuring Rebecca Mangos, Amanda Goh, Viola Lui, Nikki Bentley, and Tania Toh. Their valuable insights truly enriched the discussions at AIMA 2024! AIMA - The Alternative Investment Management Association Kathy K. #AIMAConference #SaveTheDate #SydneyAlternativesWeek #Networking

We’re thrilled to share that Kate Mulligan will be a panellist for the Regulatory & Compliance Update and Run Around Global Jurisdictions session at AIMA 2024 👏🏼🤩 AIMA - The Alternative Investment Management Association #AIMAConference #SaveTheDate #SydneyAlternativesWeek #Networking

AIMA Conference 2024 is just around the corner. We're thrilled to be Platinum Legal Sponsors of this once more this year, where international and local managers will share their insights and strategies with global delegates. Investors will also connect to discuss trends in the alternative investment industry.   We look forward to seeing you at our booth! AIMA - The Alternative Investment Management Association Kate Mulligan Neda Khademazad Lachlan Davies Jessica Machin Sempatike (Sempa) Kwizera #AIMAConference #SaveTheDate #SydneyAlternativesWeek #Networking

On 9 September 2024, the government’s climate-related financial disclosure reforms were passed by the House of Representatives. These reforms will become law once Royal Assent has been given. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 amends the Corporations Act 2001 (Cth) and 8 other Acts to implement recommendations by the Council of Financial Regulators. The legislation introduces standardised reporting requirements for businesses to ensure they are making high-quality climate-related financial disclosures and gives the Australian Accounting Standards Board (AASB) the authority to set legally binding climate reporting standards for large businesses and financial institutions. The legislation also includes reforms to strengthen regulatory arrangements for Australia’s financial market infrastructure. The passing of this Bill aligns Australia with other jurisdictions by implementing disclosure standards that reflect the International Sustainability Standards Board (ISSB) requirements. 

At King Irving, we support R U OK? Day and yesterday we enjoyed delicious cupcakes and got some flyers to raise awareness about the importance of mental health and meaningful connections. 💛   It’s crucial to foster a supportive environment and encourage open conversations 💬 #RUOKDay #MentalHealthMatters #KingIrving

King Irving had the privilege of being invited to the Profiles in Hope event, where we joined our dedicated team and valued clients for a meaningful lunch. This gathering provided an invaluable opportunity to engage in important conversations about mental health and suicide, a cause we are deeply passionate about.   The highlight of the event was John Brogden’s powerful book, which features 15 deeply personal Australian stories that break down the wall of silence around suicide. With contributions from notable Australians such as James Packer, Layne Beachley, Jacqui Lambie, and Ian Thorpe, the book offers hope and serves as a beacon of light for those in crisis.   The discussions and reflections shared during the lunch were instrumental in advancing our mission to reduce stigma and foster a supportive community. #LifelineLifeline Australia #MentalHealth #ProfilesinHope

Following two rounds of consultation on the regulatory framework for payments service providers (PSPs) over the past year, it is understood that legislation will be introduced in at least two tranches. The first tranche is expected to focus on the overarching legislative framework for the licensing regime, including the definitions of payment functions and regulatory responsibilities. Other aspects of the PSP regulatory framework – including the industry standards setting framework – are expected to be covered in the second tranche.   The timing of the release of the exposure draft for the first tranche is currently uncertain due to competing legislative priorities and other items but we may see before the end of this calendar year.

ASIC continues its action against misleading claims to deter greenwashing misconduct with 47 regulatory interventions between 1 April 2023 and 30 June 2024. ASIC’s regulatory interventions related to: 1.       insufficient disclosure on the scope of ESG investment screens and investment methodologies 2.       underlying investments being inconsistent with disclosed ESG investment screens and investment policies, and 3.       sustainability-related claims without reasonable grounds or without sufficient detail. ASIC’s surveillance activities covered a number of sectors, including listed companies, managed funds, superannuation funds and the wholesale green bond market. Report 791 provides examples of corrective actions taken by entities in response and makes recommendations for companies, responsible entities and superannuation trustees to consider when making disclosure. ASIC’s key recommendations are that disclosures should be informed by the disclosure requirements set out in the Australian Sustainability Reporting Standards (once published), independent verification of investments to ensure consistency with sustainable investment strategies and adequate explanation of investment exclusions or screening criteria. Product issuers and their advisers are encouraged to focus on the quality of their disclosures and the underpinning data. This is particularly important in light of the proposed introduction of mandatory climate-related financial disclosure requirements for large businesses and financial institutions which has been passed by the Senate. The Bill will give the Australian Accounting Standards Board authority to set the legally binding reporting standards outlined above. ASIC urges entities to consider the findings and recommendations in Report 791 and Information Sheet 271.