‘Most overlooked century-maker’ victim of SSgA overhaul

State Street Global Advisors’ appointment of Justin Walsh to a new role running sales and client service has resulted in the retrenchment of the dedicated client service head, who in a previous life was a Test cricketer for New Zealand.

After four and a half years at SSgA, Bruce Edgar was made redundant late last month, and he is yet to resurface elsewhere.

Edgar is a left-handed batsman who played 39 Tests for New Zealand between 1978 and 1986, at an average of 30.59. He was at the non-striker’s end for the notorious ‘underarm incident’ on the last ball of the one-day international between Australia and New Zealand on February 1, 1981, and directed a two-fingered gesture at bowler Trevor Chappell once the ball had been completed.

Edgar finished that day on 102 not out, but because of the controversy at the end of the game, his innings has been called cricket’s most overlooked century of all time.

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AustralianSuper’s call for leverage is bold but unnecessary

AustralianSuper's chief liquidity officer Chandu Bhindi has publicly proposed the idea of allowing some super funds to directly use leverage, enabling them to better manage liquidity requirements in crisis situations rather than being forced to sell assets at stressed prices. While the idea has some merits, overall it is not necessary and could increase system risk.

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