first_imgThe chief executive of Denmark’s Industriens Pension has predicted that market returns will be lower in 2018 and volatility higher, after a buoyant 2017 for international financial markets.The pension fund, which covers the Nordic country’s industrial sector workers, reported an 8.2% return on its total investment portfolio for 2017 in preliminary financial results for the year. This amounted to DKK12.2bn (€1.64bn) in absolute terms.Last year’s result was boosted mainly by listed equities, with infrastructure and real estate generating 8.8% and 8.1% respectively, according to the data published.Laila Mortensen, chief executive of Industriens Pension, said: “The development of financial markets in 2017 was marked by a high level of global growth and continued very easy monetary policy.” Laila Mortensen, CEO, IndustriensShe added that slightly lower returns and greater fluctuations could be expected in 2018 compared to last year, when the markets were unusually stable and rose for most of the year.Market developments last year had contributed to securing a high return on equities and other risk assets, Mortensen said.“But it should also be mentioned that the return on stable, unlisted investments such as infrastructure and property has been very gratifying,” she added.Foreign listed shares, in which Industriens Pension has DKK33.8bn invested, produced a 15.3% return last year, topped by the return on domestic listed shares of 18.9%.The pension fund has DKK11bn in Danish listed equities.Government bonds generated 1.3%, and investment-grade corporate bonds produced 4.4%.Private equity, in which the pension fund has invested DKK16.5bn of its portfolio, returned 10.3%.Mortensen said the pension fund had generated an average annual return of 9.5% over the course of the past decade.Industriens Pension’s total assets under management rose to DKK165bn at the end of last year, from DKK157bn reported at the end of 2016.last_img read more

first_imgRelatedPosts Pirlo not out to copy anyone after Juventus’ comfortable opening win Ighalo: My best moment as ‘Red Devil’ Ings not interested in leaving Saints, Southampton manager says Paris Saint-Germain will line up a move to bring Pep Guardiola to the Parc des Princes to replace Thomas Tuchel, according to reports. Tuchel is believed to have fallen out with star men Kylian Mbappe and Neymar and a soured relationship will intensify the pressure on his position. The report goes on to add that should Guardiola swap Manchester for Paris, his former midfielder at Barcelona, Xavi Hernandez, could join him as his assistant. Guardiola’s current contract in Manchester  runs until the summer of 2021. But the break clause in his contract, which he has denied the existence of, allows him to depart at the end of this season. City are enduring an underwhelming defence of their Premier League title and find themselves 14 points adrift of league leaders Liverpool, sat in third. But City officials are confident that, despite an underwhelming season to date which has seen City fall a hefty 14 points behind runaway leaders Liverpool, Guardiola will honour his deal. Only last month Guardiola, 48, said he was “open” to a new contract. This season is his fourth at City. Previously, Guardiola spent four years at Barcelona, winning La Liga three times and the Champions League twice. After a break he joined Bayern Munich, where he spent three years, winning the Bundesliga in each of his three seasons. After succeeding Manuel Pellegrini in 2016, Guardiola led City to back-to-back Premier League titles after finishing third in his first year.Tags: Kylian MbappeManchester CityPep GuardiolaPremier Leaguelast_img read more

first_imgRelatedPosts Club’s server collapses over ticket demand for first Bundesliga game in 11 years Runarsson joins Arsenal on four-year deal Arsenal, Wolves want Michael Olise Granit Xhaka has agreed terms with Bundesliga side Hertha Berlin, according to the Arsenal midfielder’s agent. Sky Germany reported last week that Hertha head coach Jurgen Klinsmann was eager to sign Xhaka in January, and Sky Sports News understands talks between the two clubs are continuing. It is understood Arsenal are looking to recoup as much of the £35m they paid Borussia Monchengladbach in 2016, but Xhaka’s agent José Noguera is hopeful a move can be concluded. Noguera said: “Look, I say it frankly and honestly: we agree with Hertha BSC and would like to go to Berlin. We told Arsenal’s club boss Raul Sanllehi and sports director Edu – as well as the new trainer Mikel Arteta. ” He added: “Arsenal was informed about all the steps, the player and Hertha are clear. It is only about the transfer fee of the clubs.” Xhaka started new head coach Arteta’s first game in charge, a 1-1 draw at Bournemouth on Boxing Day. Arteta, who was previously assistant manager at Manchester City, even recommended his former club sign Xhaka before he moved to Arsenal. However, the Swiss international looks set for a move away from the Emirates after a controversial few months which included being stripped as club captain for gesturing towards and swearing at fans while being booed off against Crystal Palace. Hertha currently sit 12th in the Bundesliga, just four points off the relegation play-off place. Arteta said the attitude of his Arsenal players was “spot on” after they fought back to salvage a draw at Bournemouth on his managerial debut. He said: “I’m very pleased with some of the things I’ve seen in terms of attitude, character, the passion we showed, and the fight and the spirit the team showed. “[It was] spot on, probably better than I expected over 90 minutes. “A lot of things that happened in the game we prepared, I think they understood them and they tried to take them on board and we liked the final product at the end. “I was worried what would have happened if we conceded a goal, and we did, and I was very pleased with the character they showed, how they came in at half-time, their faces, their reactions, how much they wanted it. “Because normally when they are in this process and you concede a goal, belief goes down and a lot of things that have happened in the past can come back. “And it didn’t happen, it happened completely the opposite side and that’s a real positive to take on board.”Tags: ArsenalBundesligaGranit XhakaHertha BerlinJurgen Klinsmannlast_img read more

first_imgRelatedPosts Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Chelsea sink Brighton to make winning start Chelsea have reportedly identified Queens Park Rangers midfielder Eberechi Eze as a potential addition during the January transfer window. With their transfer ban having previously been lifted, Chelsea are free to make new signings at the midway point of the campaign, armed with funds raised from the sales of Eden Hazard and Alvaro Morata. While Frank Lampard is said to be eyeing established world-class players, it appears that the Blues are also considering moves for prospects who they feel have the potential to make the step-up at Stamford Bridge. According to the Daily Mail, Chelsea hold an interest in Eze after the playmaker’s impressive performances for QPR in the Championship. The 21-year-old has contributed nine goals and four assists this season, leading to the youngster being regarded as one of the top talents outside of the Premier League. Eze has just over 18 months remaining on his contract at Loftus Road.Tags: Alvaro MorataChelseaEbere EzeEden Hazardlast_img read more

first_img…Arsenal’s Wenger to soon reveal his future after lossBy Ian ChadbandLONDON,(Reuters)-Chelsea continued their seemingly irresistible surge towards regaining the Premier League title as a late Gary Cahill goal saw them snatch a 2-1 win at Stoke City on Saturday to move a provisional 13 points clear at the top.The latest triumph for Antonio Conte’s unstoppable charges came after London rivals Arsenal’s season continued to unravel with a third straight 3-1 away league defeat, this time at West Bromwich Albion.The Gunners’ fourth loss in five league games raised further questions about the future of under-pressure manager Arsene Wenger, who announced intriguingly afterwards: “I know what I will do. You will soon know”.Conte had been without the in-form Eden Hazard through injury for what always promised to be an awkward fixture for Chelsea at Stoke and, just as they had recently held Manchester City at home, the Potters again made life difficult.Willian put the leaders ahead after 13 minutes thanks to a blunder by Stoke goalkeeper Lee Grant but Jon Walters equalised with a penalty before halftime after being fouled by Cahill.The England defender made amends in the 87th minute with a deserved winner and, after Phil Bardsley had been sent off for Stoke in added time, Conte celebrated with his staff on the touchline as Chelsea moved on to 69 points, leaving all the pressure on their nearest pursuers who play on Sunday.Second-placed Tottenham Hotspur, who host Southampton, and third-placed Manchester City, who welcome fourth-placed Liverpool to the Etihad Stadium, now both have to win just to get back within 10 points of the leaders.WENGER PROTESTSArsenal’s defeat came amid more protests from some of the more vociferous of the Gunners’ faithful about Wenger as the manager acknowledged that his side were in the middle of “a unique bad patch” in his two-decade managerial reign.After dismal defending saw West Brom’s Craig Dawson head home twice from corners in a convincing win for Tony Pulis’s men, Wenger told reporters: “We lose game after game at the moment and that for me is much more important than my future.”Yet as the debates about his prospects became ever louder — one airplane trailed a banner over the ground that declared “Wenger Out” while another trumpeted “In Arsene We Trust” — the Frenchman said he would clarify his future soon.His team, though, now look in serious jeopardy of not enjoying a 20th successive season of Champions League football in 2017-18 — and if Manchester United win at Middlesbrough on Sunday, Arsenal, currently fifth on 50 points, will drop to sixth, two points behind Jose Mourinho’s men.Basement club Sunderland were held 0-0 at home to poor travellers Burnley, while third-bottom Hull City were trounced 4-0 by Everton, for whom league-leading scorer Romelu Lukaku scored twice in added time, taking his season’s tally to 21.The Belgian became the first Toffees’ striker to hit 20 league goals in a season, since Gary Lineker 31 years ago, though his goals were bitter-sweet for Everton fans who know he could leave after this week rejecting a new contract offer.Leicester City’s remarkable resurgence under new manager Craig Shakespeare continued with a fourth successive win under his stewardship since Claudio Ranieri’s sacking.The champions won 3-2 at West Ham United with first-half goals from Riyad Mahrez, Robert Huth and Jamie Vardy for their first league success away from home all season.Shakespeare, the first Premier League manager to oversee a side scoring three goals in his first three matches in charge, was “intensely proud” of the results his players had gleaned.Like Leicester, Crystal Palace eased their worries with a third straight win, 1-0 at home to Watford through Troy Deeney’s own goal, suggesting master escapologist Sam Allardyce can maintain his record of never suffering a Premier League relegation.After Swansea City’s recent revival under Paul Clement was checked with a 2-0 defeat at Bournemouth in the late game, the bottom five teams are now Sunderland on 20 points, Middlesbrough 22, Hull 24, Swansea 27 and Crystal Palace 28.last_img read more

first_imgBRITON Lynsey Sharp was left in disbelief as she went out of the women’s 800m on the opening day of the World Athletics Championships.Sharp, ranked fourth in the world of those competing in Doha, ran out of steam in the home straight as she finished fourth in her heat.The 29-year-old Scot’s time of two minutes 03.57 seconds was not good enough for a fastest loser’s spot.Shelayna Oskan-Clarke and Alexandra Bell progressed to the semi-finals.Elsewhere, Christian Coleman, defending champion Justin Gatlin and Britons Zharnel Hughes and Adam Gemili reached the men’s 100m semi-finals, but European champion Jakob Ingebrigtsen was disqualified from the men’s 5 000m.With South Africa’s Olympic and world champion Caster Semenya absent, along with fellow Rio 2016 medallists Francine Niyonsaba of Burundi and Margaret Wambui of Kenya, Sharp was tipped to challenge for a medal in the women’s 800m.Semenya is not competing in Doha after governing body IAAF introduced a rule that athletes with differences of sexual development (DSD) must either take testosterone-reducing medication in order to compete in track events from 400m to the mile or change to another distance.Despite being among the pack in the home straight, Sharp failed to find the burst of speed needed to finish in a top-three spot, which would have earned automatic qualification.She sat on the track in shock watching the replay of the final stages of her heat.World indoor bronze medallist Oskan-Clarke produced a brilliant sprint to take second in her heat in 2:02.09 while fellow Briton Bell, fifth at the 2018 Commonwealth Games, battled her way to third, clocking 2:03.34.Coleman underlined his status as favourite for the men’s 100m as he cruised to victory in his heat in 9.98 seconds.The 23-year-old American is competing in Doha after the US Anti-Doping Agency charged him with missing three drugs tests in 12 months, before withdrawing the claim. A technicality regarding the date of one of the tests resulted in the London 2017 silver medallist being free to compete.All three Britons progressed to the semi-finals with European champion Hughes, 24, the most impressive as he recovered from a poor start to win his heat in 10.08.Hughes, who represented Anguilla as a youth, spoke about the air-conditioning inside the stadium as he told BBC Sport: “It’s different coming from the heat to the cool inside here but I’m happy, I got through easily.“I have to be aware of the block settings; they are different to what I am using so it wasn’t the best start. I won’t let it hamper me.”Gemili, 25, has been hampered by a hamstring problem in recent seasons but finished third in his heat in 10.19 behind the USA’s 37-year-old Gatlin (10.16), who has twice been banned for doping offences.British champion Ojie Edoburun squeezed into today’s semi-finals as a fastest loser having run 10.23 in the first heat.South Africa’s Akani Simbine, fifth at the last Olympics, went through as the second fastest qualifier in 10.01 and Jamaican 2011 champion Yohan Blake is also into the semi-finals, which take place at 16:45hrs BST today with the final at 20:15hrs.last_img read more

first_imgDespite going undrafted, all wasn’t lost for a couple of former Wisconsin football players.According to their respective agents, Roderick Rogers and Mark Zalewski have signed with NFL teams following this weekend’s draft.Rogers, a free safety, signed with the Denver Broncos. With Denver, Rogers will be used as both a safety and nickel cornerback.”He had 10-plus options, but Denver was the best fit,” Rogers’ agent Josh Wright told The Badger Herald.Zalewski, an inside linebacker, inked a deal with the New York Jets, where head coach Eric Mangini uses a 3-4 defense. With two inside linebacker positions in the 3-4, Zalewski has a better chance of making the Jets’ roster, but it’s unclear which side he will play.”It’s exciting and the coaches assured me it is a good situation,” Zalewski said in a statement released by X-A-M Sports VP Shawn Smith. “I’m just going to head into camp doing what I do best.”Despite the disappointment in going undrafted, Zalewski’s agent Tim Valentyn belives the Jets will be a good fit for his client.”We thought Mark would have been drafted … but we are focusing on going forward,” Valentyn said. “We were fortunate enough to have had a couple of choices and we picked the best situation for Mark. He’s going to do great.”Former UW quarterback John Stocco still remains unsigned.Badgers’ recruit to announce decision WednesdayUW men’s basketball head coach Bo Ryan may already be putting the final touches on the 2008 recruiting class.Robert Wilson, a 6-foot-4 swingman from Garland Heights, Ohio, has scheduled a news conference for Wednesday to announce where he will play college basketball. While Akron, Cleveland State, Dayton and Penn State have been heavily recruiting Wilson, the Cleveland Plain Dealer reports Wisconsin is his first choice.Rivals.com reported that he had committed to Wisconsin, following a 20-point performance this weekend.As a junior last season, Wilson averaged 17 points, six rebounds and 3.5 assists while guiding Garland Heights to a 20-3 record. But Wilson’s stock has risen lately after his performance in the King James Shooting Stars Classic.Wilson would join point guard Jordan Taylor and center Jared Berggren in Wisconsin’s freshman class of 2008. Taylor and Berggren have given UW nonbinding verbal commitments.If the trio of Berggren, Taylor and Wilson were to make their commitments official come signing day in November, Wisconsin would be left with one more available scholarship. However, Ryan is reportedly seeking to use the remaining scholarship to sign a late recruit this spring.last_img read more

first_imgThe 160 kilometre 4th stage includes four categorised climbs including the Category One ascent of Ballaghisheen Pass after 120k.Austria’s Clemens Frankhauser wears the leaders Yellow Jersey while best of the Irish is Eddie Dunbar in 4th, just 5 seconds off the lead.A number of breakaway attempts have been brought under control by the peloton – among those involved in one of the attacks was Tipperary Simon Ryan of the Limerick Mego Raw Cycles team.last_img

first_img Source: BBC Jeffrey Schlupp struck in the second half as 10-man Crystal Palace beat Bournemouth to move up to fifth in the Premier League.The hosts lost Mamadou Sakho early in the first half when he was sent off for a high challenge on Adam Smith.Bournemouth dominated possession from that point but failed to make the most of their man advantage as they rarely tested Vicente Guaita in the Palace goal.Philip Billing hit a shot straight at Guaita at the end of the first half, while Dominic Solanke just failed to connect with a dangerous low ball shortly after the restart.It appeared as though the first Premier League match to be broadcast on Amazon Prime would end goalless, but instead the hosts snatched victory when Schlupp, on as a first-half substitute for the injured Patrick van Aanholt, weaved his way through the Bournemouth defence before tucking home a low shot.After a run of five games without victory, Palace have now won their last two having also beaten Burnley 2-0 at the weekend.Defeat for Bournemouth was their fourth in a row and leaves them in 12th.last_img read more

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Young believed the NBA will not suspend him for today’s game in Toronto. He contended he did not punch Tolliver or deliver his forearm to his face. Still, Lakers coach Byron Scott argued Young “probably overreacted.” “Tolliver didn’t go after him,” Scott said. “(Tolliver) went up and tried to contest the shot and wasn’t going to give (Young) a layup. I was surprised in the way Nick reacted to it.”Young admitted feeling “shocked” he even played for seven minutes. Scott planned to sit him again. But Metta World Peace collected three early fouls, and Scott cleared the bench in the fourth quarter.Beforehand, Scott chastised an out-of-town reporter for asking about Young’s recent absence. “You bought into what all these other guys are saying that he’s in the doghouse,” Scott said, shaking his head. AUBURN HILLS, Mich. >> The frustration already brewed privately for Nick Young as he sat through a pair of healthy scratches. The Lakers’ poor season did not help, either.So as Detroit forward Anthony Tolliver delivered a clean foul on Young’s fourth-quarter dunk attempt, something uglier happened than the Lakers’ 111-91 loss to the Pistons on Sunday at the Palace of Auburn Hills. Young pushed back and delivered a forearm at Tolliver’s throat, a sequence that earned both a flagrant foul 2 and an ejection with 8:58 remaining.Young took offense that Tolliver “killed me a little bit” despite the lopsided deficit. But Young quickly added, “that’s my fault for reacting.” “There’s a lot of frustrations,” Young said. “It was building up. Everything happened on that play. He just happened to be the one that sparked the incident.”center_img Young had recently described the Lakers as “a circus” and faulted both the coaching staff and players for the team’s inefficient offense. Yet, Scott insisted Young’s demotion stems from wanting to feature World Peace’s height advantage at small forward.“I’m trying some other things,” Scott said. “I told him to be patient. As a matter of fact, he’s been great.”Tough criticThe stoic nature in Jordan Clarkson’s personality masked his internal frustration that he described as “high.”“I missed shots today because I was playing selfish and taking shots I don’t usually take,” said Clarkson, who posted seven points on 3-of-11 shooting. “I’m as hard as anybody on myself. I feel like I took bad shots and tough shots.”Clarkson contended that “nobody was moving the ball” and added “we were all taking bad shots.” Yet, Kobe Bryant only marked the other high-volume shooter, with a 2-of-15 clip. Regardless, Clarkson admitted the Lakers’ inefficient offense contributed to their poor defense. “When someone is coming at you on the other side, you want to have that opportunity to go back at them,” Clarkson said. “But you have to do it in a smart way.” last_img read more