first_imgIn November 2015, essential Brooklyn DIY venue Cameo Gallery closed its doors for the last time. Cameo was a hotbed for up-and-coming talent, and was a home for young musicians like in Williamsburg, as well as a favorite for local artists whenever they wanted to play an intimate show.  Varied acts such as Turkuaz, The Juan MacLean, Eric Krasno & Chapter 2, and Frankie Knuckles all graced the stage at one point or another. Perhaps no band was as intertwined with the rise of Cameo Gallery as The London Souls.  The Brooklyn rockers performed at Cameo an estimated 25+ times, and spent many a long night using the space for rehearsals, recordings, and more.  They felt a true connection with the space, so it was fitting when The Souls were tapped for the gallery’s celebratory final show in Novermber 2015.The Souls have just released raucous pro-shot footage of them playing “The Sound” from this final show at the venue where they cut their teeth.  Check out the video below, and RIP Cameo Gallery!last_img read more

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_img Press Association Spurs confirmed on Friday that Defoe had been sold to Toronto FC in a deal understood to be worth in excess of £8million. Defoe, who has scored 142 goals for Tottenham over his two spells at the club, will move to Canada at the end of February just before the start of the Major League Soccer season. Lamela has also been linked with a move away from White Hart Lane in recent weeks. A loan move to Atletico Madrid has been mooted for the club-record signing, who has started just three Barclays Premier League games for Tottenham, but Sherwood will not let the 21-year-old leave. “He won’t be leaving on loan in this transfer window. He has a big future here, absolutely,” the Tottenham manager said of the Argentina international. “We know what a talented player Erik is. We also understand that players need time to settle. “He needs time to acclimatise to this country. He doesn’t speak English and he isn’t used to the pace of the games, especially over the Christmas period when they come thick and fast. “He is not 100 per cent fit either. He’s still feeling fatigued in one of his thighs so we were very cautious with him. “We are going to take it nice and steady with him. I really want to put him on the stage when he’s ready to perform, rather than let people judge him when he’s half-cocked.” Given that this is a World Cup year, the move is something of a gamble for Defoe, who has signed a three-and-a-half-year contract with Toronto. The Canadian club, who are managed by Defoe’s former team-mate Ryan Nelsen, have average gates of around 18,000 per home game. They finished second bottom of the Eastern Conference last season and count 33-year-old former Newcastle defender Steven Caldwell and ex-Manchester United youth product Richard Eckersley among their ranks. Defoe has rarely featured for England in recent months, but Sherwood is sure the 31-year-old can still make it into Roy Hodgson’s 23-man party for Brazil. “Jermain has been immense. He is one of the best strikers this league has ever seen,” Sherwood added. “His scoring record for club and country is second to none and long may that continue. I see him still having a future for England in the World Cup in the summer. “I think he would (still get in the squad). That instinct of scoring goals is never going to leave Jermain Defoe. He needs to wait until his legs have gone and they’re far from gone at the moment.” Defoe has recovered from a hamstring problem in time for Saturday’s London derby against Crystal Palace and he will be available for the following eight games. Spurs have at least another 13 matches to play after Defoe departs, meaning Sherwood will be down to just two senior strikers in Emmanuel Adebayor and Roberto Soldado unless they can make additions this month. The Londoners have been linked with a move for Juventus striker Mirko Vucinic in recent weeks, but Sherwood will see how his squad copes before making a decision regarding any new signings. “We’re always looking (at players) but (signing a striker) is not something which is pressing,” the 44-year-old said. “I think we’ve got enough goals from different positions in the squad. We have Soldado and Adebayor, who’s in a rich vein of form at the moment. “Nacer Chadli and Erik Lamela can play off the front. Gylfi Sigurdsson’s got a good eye for a goal and a good scoring record. Harry Kane is another young boy who can come in. “Unless something happened drastically to one of those boys in the meantime we may act, but we’ve not got any intention to do that now.” Sherwood tasted defeat for the first time since his appointment as full-time boss last weekend when Tottenham lost 2-0 at Arsenal in the FA Cup. Ten first-team players were unavailable for the north London derby through injury, but Andros Townsend, Defoe and Sigurdsson are back for the Palace match. Tim Sherwood insists Erik Lamela will not be following Jermain Defoe out of Tottenham.last_img read more

first_imgAs organizers begin to tabulate the results of this year’s Good Neighbors Campaign, it appears they will meet their monetary goal but will fall far short of reaching their participation goal.The Good Neighbors Campaign entered its 15th year of “helping children live their dreams” with two goals — to raise campaign contributions by $100,000 and to increase employee participation by 8 percent. The aim was to have 50 percent of USC employees contribute to raising $1.2 million.Hitting the mark · A teacher works with a student at the 24th Street Theatre, a program sponsored by the Good Neighbors Campaign, which is on track to meet its 2009 fundrasing goal. – Katelynn Whitaker | Daily TrojanThe campaign, which provides grants for community outreach programs and organizations, officially ended Oct. 31, though donations will continue to trickle in until the end of the year. The preliminary numbers, however, show that while contributions are on track to hit the campaign’s goal, participation has fallen by more than 5 percent compared to last year, according to Campaign Director Carolina Castillo.Castillo said the campaign considered the economic situation in setting its goals — and tried to keep aspirations reasonable — but ultimately organizers thought it was important to increase their efforts for the sake of the grant recipients who depend on the program for funding.“We decided we would increase our goal because we felt like the [employees] at USC would step up to the challenge given that the current economic situation is really having an adverse effect on our local communities,” Castillo said.Castillo said it was important for the campaign to meet its fundraising goal this year because the programs it funds are more in need of grants than ever, given the recent economic rut.Thomas Sayles, GNC 2009 chair and vice president of government and community relations, said the program always operates with the community programs in mind.“In tough times it is more important to give,” Sayles said.The numbers so far miss the mark, but Castillo said by the time final numbers are calculated, the campaign will likely meet its fundraising goal — as of Wednesday, the campaign had reached $1.19 million, just short of its $1.2 million goal.Participation, however, is low. Involvement had dropped 6 percent as of Wednesday, and though Castillo anticipates the campaign will come close to 40 percent participation, she admitted to being disappointed that it will miss the 50 percent benchmark.Castillo attributed the drop in part to the economy and the tendency for people to tighten their belts when the economy is in a rut.“There is a hiring freeze at the university and that wasn’t the case last year at USC,” Castillo said. “There were also no raises across the board, which was not seen last year.”Though the percentage of faculty members participating dropped, the actual number jumped.“The employee base grew, but our participation could’ve stayed the same,” Castillo said. “We have 5,100 employees giving this year and last year it was 4,900.”Another possible reason for the results, Castillo said, was the fact that the university acquired the Norris Cancer Hospital and the University Hospital earlier this year. These two hospitals account for 11 percent of all employees, and Castillo said the campaign got a late start in their fundraising at the hospitals.Additionally, Castillo said, participation rates may have been abnormally high last year.Last year, Castillo said, participation rates soared when an anonymous alumnus posed a challenge to the faculty and staff of the College of Letters, Arts & Sciences. The alumnus said if the college raised its participation rates to 50 percent, he would donate $1 million to the Joint Education Project’s endowment.With the challenge, participation jumped to 57 percent. This year, however, the College only had a 26 percent participation rate.Even with participation down, the fact that the campaign will make its monetary goal is most important as many community members depend on their grants.“We could not do it without USC,” said Jay McAdams, co-founder and executive director of the 24th Street Theatre, which receives funds from the campaign. “The campaign understands that a richer community makes it richer for the students.”last_img read more