Clime refutes "formal ASIC investigation" allegation

Clime Investment Management Limited (CIW) has issued a statement refuting an article in The Australian on October 24, 2025, which alleged a "formal investigation" by ASIC into the company. CIW stated that ASIC has confirmed in writing that no such investigation is occurring and has authorized Clime to make this statement. The company described the article's claim as "patently false and wrong."

Clime further clarified that ASIC merely made a preliminary telephone inquiry on October 23 regarding a disclosure document and associated target market determination for one Clime fund. This was characterized as a "preliminary inquiry only — not an investigation into Clime." Legal advisers for Clime contacted senior ASIC officers following the article's publication.

The company also addressed other allegations, asserting that Clime funds and entities have never invested in or received funds from the collapsed First Guardian or Shield funds, and that Clime never paid marketing contributions to induce advisors to allocate to Clime funds. Clime also expressed no concerns regarding the operations or loan book of Secure Bailment Services (SBS) after extensive due diligence.