First Guardian Master Fund – Class Action Investigation

Gordon Legal is investigating a potential class action for investors in First Guardian Master Fund, which collapsed in early 2025.

If you invested and suffered loss following the collapse, you can register for updates below.

Our experienced legal team is gathering information to assess whether investors were misled or failed by those responsible for managing and promoting the investments.

First Guardian was a managed investment scheme that collapsed in early 2025, leaving over 5,000 investors at risk. Many of these investors were told by the financial advisors to invest.

Some investors with Equity Trustees, Netwealth, and Diversa are affected.

We are investigating whether:

• Investors were misled about the nature or risks of the investment.
• There was a failure to comply with financial services laws.
• There are grounds for compensation through a class action.

If our investigation confirms that a class action is viable and a class action is issued, affected investors may be entitled to recover some or all of their losses.

If you invested in First Guardian, you should register your interest.

You’ll receive updates on the investigation and be notified if a class action is launched.

Call us on 03 9603 3000 or register online below.