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Showing 1 - 6 of 6 results for "LGFS"

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
Standard & Poor's, ABN AMRO (now RBS) and Local Government Financial Services (LGFS) will not be allowed to appeal a Federal Court ruling in favour of 12 local councils who suffered losses on investments they administered in the wake of the financial ...

Federal Court finds S&P guilty in landmark ruling

MARK SMITH  |  FRIDAY, 6 JUN 2014
... landmark ruling by the Federal Court against ratings agency Standard & Poor's, ABN AMRO and Local Government Financial Services (LGFS) could have implications across the world. The Federal Court ruled in favour of 12 NSW local councils who lost millions ...

NSW councils entitled to compo: Fed court

BEN COLLINS  |  TUESDAY, 6 NOV 2012
... to compensation from ratings agency Standard & Poor's, investment bank ABN Amro and Local Government Financial Services (LGFS). The councils lost $16 million, or 93% of their capital investment, on the complex investments called constant proportion debt ...

The good, the bad and the whatever

BENJAMIN ONG  |  MONDAY, 10 OCT 2011
... those on their barber's chair. On this point, it's interesting to see how Australia's Local Government Financial Services (LGFS) potential lawsuit against Standard & Poor's ends. LGFS is reportedly is preparing to sue S&P for its 'AAA' recommendations ...

FuturePlus secures $2.2bn SERF and SRF mandate

... (LGSS) and the Energy Industries Superannuation Scheme (EISS). With LGSS purchasing Local Government Financial Services (LGFS) last year, FPFS now also manages some NSW council assets. Brett Westbrook, CEO of FPFS, said that the strategies behind the ...

S&P assigns A/A-1 rating to LGSS business purchase

... Superannuation Scheme (LGSS). LGFSPL who will soon take over the business operation of Local Government Financial Services (LGFS) will invest local council depots into low-risk securities. S&P said the ratings on LGFSPL reflect the conservatively based ...
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