The ‘super scammers’ thieving personal financial information from Sydney letterboxes have stripped millions from members’ balances, and the amount is rising, according to the NSW police unit investigating the crime.“We’re talking seven figures, and it’s increasing,” Andrew Gill, detective senior constable with Strike Force Gamut of the Harbourside Police, the unit investigating the criminal syndicate accused of the crimes, said.
SSgA reassures investors on sec lending collateral
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State Street Global Advisors Australia (SSgA) has reassured investors in 13 of its trusts with exposure to securities lending, which have increased buy/ sell spreads and introduced redemptions mixing cash and collateral due to ongoing illiquidity in the asset-backed markets in which sec lending capital was invested. In a letter to clients following an I&T News article on the matter last month, SSgA senior managing director Rob Goodlad rejected investor protests made in that article that the collateral assets were “toxic”, saying there had been no impairments and that majority of the assets retained the AAA rating they had originally required.
SSgA reassures investors on sec lending collateral
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State Street Global Advisors Australia (SSgA) has reassured investors in 13 of its trusts with exposure to securities lending, which have increased buy/ sell spreads and introduced redemptions mixing cash and collateral due to ongoing illiquidity in the asset-backed markets in which sec lending capital was invested. In a letter to clients following an I&T News article on the matter last month, SSgA senior managing director Rob Goodlad rejected investor protests made in that article that the collateral assets were “toxic”, saying there had been no impairments and that majority of the assets retained the AAA rating they had originally required.
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