SPDR Portfolio Short Term Treasury ETF T.SST.U

Primary Symbol: SPTS

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U. The fund invests at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short term (1-3 years) public obligations of the U.S. Treasury.

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SPDR Portfolio Short Term Treasury ETF > SST didn't pay for Riskmetrics news release

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Comment by tooclassyon May 07, 2009 2:41pm

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Post# 15975494

RE: SST didn't pay for Riskmetrics news release

RMARC,

I have no difficulty believing that some institutions would pay for research to help them decide how to vote because they don't have analysts with sufficient knowledge to evaluate the merger terms.

About my conversation with Patchett, Patchett said he inquired with Jason and John in his office, and they told him no, they had not paid for the news release. They told him that if Silverstone had paid for the news release they would have to disclose that. Now whether Patchett was lying to me, I don't believe that. It goes to character. I have known Patchett for years and I have never known him to use puffery or lie about anything. The opposite is true, he is understated and low key in his approach and I have always known him to be a straight-up guy.

tooclassy

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