first_imgFrance’s €32.6bn pension reserve fund has blamed a “brutal” fall in stock markets towards the end of 2018 for contributing to its first investment loss in eight years.In its annual report, published this week, the Fonds de Réserve pour les Retraites (FRR) said it had lost 5.2% over 2018, with the last two months of the year dramatically impacting performance.A statement from the fund said this annual loss was the first it had experienced since launching a new investment strategy in 2011 – and should not be attributed to its stock selection.The fund’s return-seeking assets, which make up 56% of the portfolio, lost 8% over the year, with its bond allocation losing 0.8%. This meant the fund’s total assets stood at €32.6bn at the end of 2018 – down €3.8bn on a year earlier – having lost €1.7bn through the investment performance and the rest from making its regular payment to the Caisse d’Amortissement de la Dette Sociale, which was established to redeem the country’s social security debt.Despite the loss, the FRR was still able to meet its liabilities, it said, with annualised performance since 2011 reaching 4.2%, net of all costs. FRR’s Olivier Rousseau collects the Climate-Related Risk Management award from Marie Dzanis, CEO of Northern Trust Global Investments, at December’s IPE Awards dinner in DublinCredit: Patrick FrostThe fund acknowledged the return of volatility to world markets and outlined its commitment to the French economy, citing a long-term investment horizon.Over the course of the year, the fund also stepped up its commitment to responsible investment by increasing the focus on environmental, social and responsible criteria when renewing its contracts.It lowered the threshold for excluding companies earning revenues from thermal coal from 20% to 10%, in line with its policy of moving in line the energy transition.It also awarded development capital fund mandates, with €2bn being invested in unlisted French assets.Further readingWhy FRR doesn’t invest in green bonds – for now Executive director Olivier Rousseau explains FRR’s approach to sustainability in the fixed income arenaIPE Conference: Quantitative v qualitative in impact investing Asset owners from Ireland, Sweden, France and the UK argue that numbers aren’t the only way of measuring impactslast_img read more

first_imgSarah Bates has been appointed to succeed Dame Jane Newell as chair of the John Lewis Partnership Trust for Pensions effective 1 August.A department store brand, John Lewis is the UK’s largest employee-owned business, with the employees called partners.Bates is a veteran of investment management with specialist expertise in pensions. She rose from being a fund manager to becoming CEO of the UK institutional business at Invesco, which she left in 2003. She has since then held a variety of trusteeships and non-executive director positions. She is currently an independent member of the investment committees of the BBC Pension Scheme and the Universities Superannuation Scheme, and was previously chair of the pension fund investment committee for Cancer Research UK and chair of trustees for the Stena Line UK pension scheme. Away from pensions, she is chair of Polar Capital Technology Trust and Merian Global investors, and non-executive director of the Worldwide Healthcare Trust.She is also a co-founder of the Diversity Project and chair of the Diversity Project charity. Sarah Bates, John Lewis partners pension scheme’s new chair of trusteeNewell is stepping down after having been chair of the John Lewis pension trust since 2013. She has also been chair of Royal Mail’s pension plans, the Dixons Group pension scheme; and the United Utilities Pension Scheme. The John Lewis Partnership pension scheme now only has an open defined contribution scheme, with the defined benefit section having been closed at the end of March following a year-long review and consultation with the retailer’s partners.To read the digital edition of IPE’s latest magazine click here.last_img read more

first_img Avila was one of the names that Barca were linked with in the winter window. The Argentine’s fine season could see him getting an international call up, where he may play with Leo Messi.Advertisement Promoted Content8 Best 1980s High Tech GadgetsWhat Our Favorite Celebs Look Like With Their Natural Hair ColorCouples Who Celebrated Their Union In A Unique, Unforgettable WayPortuguese Street Artist Creates Hyper-Realistic 3D Graffiti10 Risky Jobs Some Women DoBest & Worst Celebrity Endorsed Games Ever Made6 Ridiculous Health Myths That Are Actually TrueTop 10 Female Stars Everyone Had A Crush On In The 90sWho Earns More Than Ronaldo?7 Black Hole Facts That Will Change Your View Of The UniverseWhich Country Is The Most Romantic In The World?The Best Cars Of All Time Loading… Osasuna striker, Chimy Avila, as paid tribute to Barcelona captain Lionel Messi. “Any player would like to play with Messi, or have a coach like Cholo Simeone,” said Avila. “Messi is the only person you can’t compare. read also:Wenger: English youngsters can match Messi “I always say Messi because Maradona I only saw on video and I’ve played against Messi.” FacebookTwitterWhatsAppEmail分享 last_img read more

first_img Executive director Les Reed reiterated the club’s position after they allowed striker Rickie Lambert – who coincidentally will face his former club at Anfield on the opening day of next season – to join Liverpool in a £4million deal earlier this month. “Lallana’s been here long enough, we’ve brought him to this level and we feel that perhaps he should give it a little bit longer,” he told BBC South Today. “Anybody seriously considering coming for our players is going to have to think very significantly about the size of the fee. “If we do take money it will be because it’s the right amount and it enables us to improve the team and move forward.” Southampton are holding out for more money for Lallana as they owe former club Bournemouth a 25 per cent sell on fee. Reports in Germany claim Liverpool have opened talks with Bayern Munich over a deal for Switzerland winger Xherdan Shaqiri, who is being considered as an alternative should they not be able to seal the Lallana deal. Rodgers is also looking to offload a few players this summer but a deal to take winger Oussama Assaidi to Stoke on a permanent basis has reached an impasse on two fronts. The Moroccan enjoyed a promising loan spell at the Britannia Stadium last season and Mark Hughes is keen to secure the 25-year-old permanently. Brendan Rodgers’ interest in the England international, currently at the World Cup in Brazil, is long-standing and the Reds have tabled a couple of bids – the last a take-it-or-leave-it offer of £25million. There was some hope there may be movement once Southampton appointed a successor to Mauricio Pochettino but the arrival of Ronald Koeman this week does not appear to have altered Saints’ stance. However, Liverpool’s valuation – they reportedly want £2million more than the £3million Stoke believe he is worth – and the fact the player is currently sidelined with a knee injury is holding up negotiations. “We can’t do anything until we know where he is regarding his recovery,” Potters chairman Peter Coates told The Sentinel. “We do have a serious interest but we have other irons in the fire to make sure we have got the right balance in that area.” Liverpool have been warned they face a fight to sign Adam Lallana from Southampton this summer. Press Associationlast_img read more

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Mominul Haque could be termed as Bangladesh’s accidental captain. The left-hander, who has never led even a domestic team, has been thrust into the role of Bangladesh skipper for the upcoming two-Test series against India in dramatic circumstances. Mominul became the captain of the Bangladesh side in the aftermath of Shakib Al Hasan’s two-year ban (one of which is suspended) for failing to report bookie approaches during the last three years. Mominul will captain Bangladesh for the two Tests against India, one of which will be a historic Day-Night Test at the Eden Gardens. Speaking to reporters on his arrival in India, Mominul said he was not ready at all for the role of captain but relished a challenge with Virat Kohli, the Indian cricket team skipper.”I was not ready at all. It was completely unexpected. I never thought even in my dreams that I will be the captain of Bangladesh or I will captain the Test side. I am very excited as I think Virat Kohli is the best player in the world, the best batsman in all formats combined. Thinking about that makes me feel good,” Mominul said.The second match will mark the inaugural day-night Test between the two sides, in Kolkata from November 22. Talking about playing his maiden day-night Test, Mominul said, “We have not played a Test under the floodlights and with the pink ball. It is a very good chance to play good cricket.”  Also Read | Shakib Al Hasan Appeals For Calm, Patience From Bangladesh Fans As He Opens Up On ICC SuspensionThe left-handed batsman, who has played 36 Tests and scored 2,613 runs for Bangladesh, however, said the innovation would not affect his game. “I never considered captaincy as pressure or responsibility. If I keep thinking that as a captain I have to take extra responsibility to carry the team forward then I will be under some pressure. But if I play my natural game, and think that I am a batsman who needs to score for his team, then it will not have any effect,” Mominul said.last_img read more

first_imgAUSTRALIA will defend their Women’s T20 World Cup title against India today,, with organisers aiming to break the record for the biggest crowd at a women’s sporting event.The four-time champions are the heavy favourites going into the final, which is being held on International Women’s Day, with India making their maiden appearance.However, India were the only team to beat Australia in the group stages, claiming a superb 17-run victory on the opening night of the tournament.More than 75 000 tickets have already been sold for the finale at the Melbourne Cricket Ground.The record for a women’s sporting event is 90 185, achieved at the Football World Cup final between United States and China in Pasadena, California in 1999.The MCG is one of the most iconic sporting venues in the world and can hold 100 024 persons.The final, which is bookended by a performance from Katy Perry, begins at 07:00 GMT, with commentary available on 5 Live Sports Extra and the BBC Sport website from 06:00 GMT.“We’re not coming just to put on a good show,” said Australia captain Meg Lanning. “We’re coming here to win.“It’s been a long time coming and the build-up to the game is something I haven’t experienced before.“It will be the biggest moment of my career.”Australia began the tournament as favourites, having appeared in every final of the competition since 2010.They have lost the final just once in that time – against an inspired West Indies in 2016 – but they are more experienced in crunch situations than India.However, it has not been straightforward for Australia. They were undone by India’s bowling attack in the first game and they have since lost star all-rounder Ellyse Perry to injury.Pace bowler Megan Schutt excelled in the semi-final against South Africa, while captain Meg Lanning has been an immovable rock, scoring 116 runs in four innings.But India are probably the most improved side in women’s cricket, with their bowling attack spearheaded by diminutive spinner Poonam Yadav.They have an explosive opening partnership in 16-year-old Shafali Verma and Smriti Mandhana, while pace bowler Shikha Pandy returned to form at the start of the tournament.India have appeared in a global final before, when they lost to England in the 50-over World Cup at Lord’s in 2017, but the MCG atmosphere will be a new test for them to deal with.The record stands in Australia’s favour – the hosts have won 13 of their 19 T20 meetings – but India will take heart from their opening night performance.“Sunday is a fresh day, a fresh start,” said India captain Harmanpreet Kaur. “We have to start from ball one.“We are used to playing when a lot of crowd is around us. Sometimes there’s no noise going around in the stadium so we need to keep an eye on each other.“Rather than thinking about what is going to trouble us, it’s only about being there, enjoying the moment and giving our best.”Australia opener Beth Mooney has been the bedrock for the hosts so far, scoring 181 runs in five innings, including two half-centuries.With Alyssa Healy struggling for consistency, Mooney and her patient play will be important for Australia. She is also one of only two batters in the side to average above 30 against India’s spinners.No Australia bowler has taken more T20 wickets against India than Perry’s 22. Left-arm spinner Sophie Molineux, recalled in Perry’s absence, will have to play a containing role during the middle overs.For India, it is hard to look beyond Shafali Verma. While the teenager has yet to score a half-century in the tournament, her aggressive strokeplay and the ease with which she hits sixes will be crucial to getting India off to a strong start.It was leg-spinner Yadav who put the brakes on Australia in the opening match.Her short stature and extra flight behind the ball makes her tricky to attack, and she enters the match as the tournament’s leading wicket-taker with nine from four innings. (BBC Sport)last_img read more

first_imgKenyan duo of Edwin Kiprop Kiptoo and Polline Wanjiku Njeru top the cast of gold level running men and women elite athletes who will be competing for the $15,000 top prize on offer at the IAAF bronze label fourth Okpekpe International 10km Road Race next month in Okpekpe in Edo State.Kiptoo who ran 1:01:21 to place ninth at last month’s IAAF/Cardiff University World Half Marathon Championships in Wales will lead into Okpekpe three other men who are gold level elite runners while Njeru will also head the cast of three other women who are also of gold level rating.“We also have other elite athletes who are of silver level running confirmed for the race,” said Spokesman for the race, Dare Esan. “The IAAF requirements for the Okpekpe race is that we should have elite athletes who are of bronze level ratings because of its bronze label status but we want to elevate the status of the event to silver next year hence the need to go beyond the requirements for a bronze label race,” he said and listed some of the other gold level running athletes confirmed for the race.“We have Morris Munene Gachaga from Kenya who ran a gold level 27:27.0 time in Casablanca, Morocco just recently as well as the duo of Ethiopia’s Alemu Hungegnaw and another Kenyan, Simon Cheprot who is on the waiting list to replace fellow country man Teshome Mekonen who pulled out because of injury.’“For the women, we have such top-class athletes as Pascalia Chepk. Kipkoech from Kenya, Maryane W. Wanjiru also from Kenya and Ethiopia’s Buzunesh G. Gudeta confirmed for the race.“There is also Edith Celimo from Kenya who is third on the 2016 IAAF top list of performers with 31:07 achieved early this month in Brunssum, a town in the province of Limburg in the Netherlands.”Esan is pleased with the quality of elite runners for the race and is confident the desire to get a silver label status next year will be a fait accompli.“Our elite athletes manager, Walter Abmayr, has done a really good job. Apart from getting mostly gold and silver level running athletes for the race, he is also able to achieve the mandatory spread required for a silver label race albeit the race is bronze labeled.“Bronze Label races must have an international elite field with a minimum of five men and five women participating in the competition and a minimum of four different nationalities must be represented,” Esan revealed.For gold and silver labeled races, the international elite field is a minimum of five men and five women participating in the competition and a minimum of at least five different nationalities.“We have as many as 21 elite athletes made up of 12 men and nine women registered for the race from as many as seven countries with Israel, Morocco and Bahrain providing athletes.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

first_imgLocated right next to Leavey Library, the TroGro Starbucks is the sole beacon of hope and consolation available to students as they cram for that one midterm they really should have studied for earlier. It also happens to be the perfect on-campus eatery after a night out, with a beckoning, while oftentimes chaotic, energy right off the EVK Fryft drop-off location. From coffee pick-me-ups to pre-packaged snacks to baked goods, this Starbucks has it all. Just make sure you don’t stop by during the crucial yet often-forgotten closing time from 2:30 to 3 a.m. I have pulled up to Trojan Grounds one too many times ready to feast (if you can call it that) only to stare helplessly at the paper sign and begrudgingly head back to my dorm.  (Arielle Chen | Daily Trojan) Next comes the frustrating realization that most fast food restaurants and quick eats are closed for the night. But, don’t have sleep for dinner just yet! Here’s your all-inclusive list to the best, most convenient and most affordable late-night eats on campus and within Fryft distance. Open 24 hours, this donut shop-deli hybrid needs no introduction. Infamous for its late-night appeal, as evidenced by its cultural relevance on the USC memes Facebook page, Spudnuts is a staple for USC students. While I personally have not experienced the glory that is Spudnuts (don’t crucify me), it is known for its affordable, flaky donuts. Spudnuts’ six-donut-holes-for-a-dollar deal is a steal. The shop also serves breakfast sandwiches all day, and sometimes (OK, most times) breakfast at 2 a.m. is exactly what you need. But make sure to stay away from the boba; you’re better off going to Pot of Cha instead. Located on North Alvarado Street, this Mexican food truck is popular among USC students. Open until 2:30 a.m. most nights and 3 a.m. Fridays and Saturdays, Taco Zone exclusively caters to late-night eating. With vegan and vegetarian options, this food truck is incredibly affordable and accessible for all. Many Zone-goers it’s the perfect night-cap after a night out and about.  Honestly, El Huero was a saving grace my freshman year. A 24-hour walk-up stand serving Mexican food, El Huero is conveniently located close to the Row, offering build-your-own burritos, nachos and plate combos. The stand also has plenty of vegetarian options, which can easily be made vegan, and the staff is always accommodating to various dietary restrictions. Though the stand also offers burgers, onion rings and other traditional American diner foods, El Huero is most known for its burritos, which hit — especially at 2 a.m. after a shitty frat party. We’ve all been there. It’s midnight or later, and you’re sitting in the saddening Leavey Library when your stomach suddenly decides to break the monotonous silence with an embarrassing growl. Or, if it’s a weekend, the munchies may very well have gotten the best of you after a night out with friends.  Trojan Grounds Starbucks El Huero Why go anywhere, honestly, especially if you’re busy doing homework or can’t seem to move after having finally made it back home on a Saturday night? Postmates, Uber Eats, DoorDash and Grubhub offer convenience like no other late-night snack or meal. While usually at a higher price point than the aforementioned eateries, these food delivery services are a great once-in-a-while splurge for college students on a budget. Make sure to take advantage of the occasional promotions and codes the apps offer for cheaper dining and recommend them to your friends to get credits for the pricey delivery fees! Spudnuts Donuts Taco Zone Postmates, Uber Eats, Grubhub, DoorDashlast_img read more

first_imgThe Undergraduate Student Government Senate passed the new administration’s 2010-2011 budget Tuesday night with eight “aye”s and zero “nay”s.The budget that passed was $25,000 less than the budget presented at last week’s USG meeting. USG officials discovered last week that they were receiving $25,000 less from the carry-over fund — money left over from the 2008-2009 administration — than they had anticipated.Past USG administrations have received about $25,000 from the carry-over fund after passing their budgets and have had to amend their budgets accordingly. This year, the administration assumed they would also get about $25,000 and factored it into their budget, only to find out that the money was not there because of an accounting error made during the 2008-2009 administration.On Tuesday, the proper amendments were made to the budget that had been presented last week to account for the $25,000 difference.The budget could still change, however.This summer, the university’s Board of Trustees will vote on USG’s proposed $1 increase to the student programming fee. If that increase comes through, USG will be able to use the budget it had proposed at last week’s meeting.Although the current instability of the budget could cause difficulties for other committees and branches of USG, Treasurer Brian Anderson assures them that it will not be too big of a difference.Anderson said he is advising committees to plan based on the budget passed Tuesday, but to be aware that their budget could change if the programming fee increase is approved.“We communicated that there might be increases, but we tell them not to plan for it until it is approved,” Anderson said. “The extra $25,000 will be spread over the entire organization, so their budgets will only increase at most a couple percentage points.”Members of USG said they are hoping the programming fee increase goes through.“The [budget] increase would have been nice, but the financial committee will approve what they think is right,” said Genevieve Flores, director of the Gay, Lesbian, Bisexual and Transgender Assembly.The Board of Trustees will reconvene for their summer quarter meeting, so USG will know if it has been approved before school starts. The dollar increase is already reflected on students’ Oasis accounts, however.“We’re not sure if it’s a mistake,” Anderson said. “Student Affairs approved it, so it seems good. It just has to go to the Board of Trustees.”last_img read more