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Showing 1 - 8 of 8 results for "Local Government Financial Services"

Active Super adds board director

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... Committee, and on the investment committee and boards of associated companies LIF Pty Ltd and Local Government Financial Services. Active Super chair Kyle Loades said Hagarty will bring a well-rounded wealth of experience to the board. "Nathan's ...

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
... entitled 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 ...

The good, the bad and the whatever

BENJAMIN ONG  |  MONDAY, 10 OCT 2011
... for 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 ...

Councils take action on CDOs

MICHELLE BALTAZAR AND RUTH LIEW  |  MONDAY, 18 FEB 2008
... his research paper Reform of Investment Organisation in Australia's Local Government Sector. Local Government Financial Services financial markets specialist Simon Michell told Financial Standard back in September 2005 that many councils jumped into ...

FuturePlus secures $2.2bn SERF and SRF mandate

... Scheme (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 ...

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

Local Government Financial Services Pty Ltd (LGFSPL) has been assigned ratings of A long-term and A-1 short term by Standard & Poor's (S&P). LGFSPL has been sold to the Local Government Superannuation Scheme (LGSS). LGFSPL who will soon take over the ...
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