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Analysis

Final battle looms before URF castle of conflicts collapses

Jonathan Shapiro
Jonathan ShapiroSenior reporter
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The US Masters Residential Property Fund, or URF, will rank high in the annals of Australian corporate history as one of the most egregious investment schemes ever conceived.

From September 2015 to June 2018 its parent Dixon Advisory extracted $135.9 million of fees from a vehicle with an average market capitalisation of $670 million that has since collapsed to just $75 million.

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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/final-battle-looms-before-urf-castle-of-conflicts-collapses-20220329-p5a8zm