By Angela Dorizas Councils that have lost funds through high-risk investments in structured instruments, including collaterised debt obligations (CDOs), may have a litigation case against financial advisers and rating agencies,…
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Maitland Council investments under review
By Angela Dorizas The New South Wales Department of Local Government said it would take a closer look at Maitland City Council’s investment portfolio and reporting in response to council’s…
Maitland Council caught in investment maze
By Angela Dorizas Maitland City Council has potentially misled constituents on its exposure to financial investments tied to the US sub-prime crisis. The NSW Department of Local Government (DLG) is now…