Macquarie unit to pay Australians investing in Shield Master Fund after regulatory crackdown

(Reuters) -Macquarie Investment Management, a unit of Macquarie Group, has committed to paying thousands of Australians who invested millions in retirement savings in the Shield Master Fund, the Australian corporate regulator said on Thursday.

Macquarie, in a separate statement, said it has undertaken to facilitate the payment of 100% of the net capital invested in Shield by those who invested through the Macquarie wrap platform.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Alan Barona)