Dutch survey: In-house asset management gets boost

first_imgIt also showed that particular government bonds, credit and equity were managed internally.Approximately 30% of the 47 participating schemes carried out at least part of their fiduciary management in house, up from 17% in 2017. Half of them deployed external fiduciary managers, but only for some mandates.The research showed that a large number of different fiduciary managers were hired, with NN Investment Partners being the most used this year. MN came second, while Achmea Investment Management and TKPI shared third place.More than three-quarters of participants indicated that the main reason for hiring a fiduciary manager was getting access to broader expertise and specialist services, as well as workload relief.The most important criteria for manager selection were listed as the quality of risk management and the like-minded corporate culture that pension funds and managers share.According to the research, 70% of respondents considered it highly unlikely that a pension fund’s board would give up too much control by fully outsourcing its assets to a fiduciary manager.The survey included 49 respondents, representing 47 pension funds with assets ranging from €350m to €250bn and totalling €635bn. An increasing number of Dutch pension funds is reverting to in-house asset management, in particular for equity and bonds, the annual survey of Dutch pension funds published by Pensioen Pro has suggested.It found the amount of externally managed assets dropped by €169bn to €916bn this year, as part of a trend that started in 2018.The percentage of schemes that at least in part internally managed assets jumped from 16.7% in 2017 to 34% this year, it showed.The survey also disclosed that 85% of pension funds with in-house management have investment expertise on their board or administrative teams, or are being advised by their own investment committee, whereas 64% used an investment consultancy.last_img read more

Quezon City court issues arrest warrant vs Trillanes

first_imgMANILA – A Quezon City court hasordered the arrest of former senator Antonio Trillanes IV and 10 others chargedwith conspiracy to commit sedition over the release of a video linkingPresident Rodrigo Duterte and his family to the illegal drug trade. Aside from Trillanes, arrest warrantswere also issued against Peter Joemel “Bikoy” Advincula, Fr. FlavianoVillanueva, Fr. Albert Alejo, Boom Enriquez, Yoly Ong-Villanueva, JonnellSanggalang, JM Saracho, Eduardo Acierto, Vicente Romano, and a certain“Monique.”But prosecutors said they will consider making Advincula a state witness.The case stemmed from allegations made by Advincula that members of theopposition plotted to discredit the Duterte administration by linking thePresident and his family to the illegal drug trade.In the video, Advincula tagged Duterte’s son Paolo, son-in-law Manases Carpio,and long-time aide and now senator Christopher Go in the drug trade but latertook back all his claims, saying the opposition had put him up to it./PN The controversial “Ang TotoongNarcolist” video was released during the 2019 midterm elections.center_img Quezon City Metropolitan TrialCourt-Branch 138;s Judge Kristine Suarez released the arrest warrant yesterday.last_img read more

Starting quarterback to remain a mystery until Penn State game

first_img“We don’t know what we’re getting,” Hunt said. For Hunt, the redshirt sophomore, and Allen, the graduate transfer from Oklahoma, it leaves them in a unique position. On Monday, ESPN reported that the Orange is one of four teams that is not expected to name a starting quarterback until the day of its first game. When Syracuse arrives at MetLife Stadium on Aug. 31 to face Penn State its quarterback will be a mystery to all outside the program. Scott Shafer doesn’t plan on revealing his starter until that day. “I wouldn’t care if it was Saturday morning or today because you work so hard and you prepare like you’re the starter no matter what position you are,” Hunt said. “If you’re second string, first string, you just prepare and when your time comes, you’re ready.” So why let Penn State know what Syracuse has to show? — That’s Shafer’s thinking. Shafer said on Monday that there is a bit of separation, but even when he and the coaching staff reach a verdict, he won’t make it public. He wouldn’t even say when he hopes to have that decision made. Allen and Hunt will likely know before that Saturday, but neither quarterback was concerned about when he’d find out. “Why give anybody an advantage?” Shafer said, pounding his fist on the podium. “To me I just wouldn’t understand it. It’s just me. If it gives them one more practice to play against something they think one kid can do compared to the other, why give them that advantage?” Comments Facebook Twitter Google+ Every practice makes a difference, so Shafer will hold tight to as much information as he can for as long as he can. “I approached every day as if I was a starter,” Allen said. “I prepared every day in the film room and I prepared every day on the practice field in order to be ready because there could’ve been an injury, a sudden change of plans. Somehow I needed to be ready.” PSU was not reported as one of the teams that will wait until opening day to make a decision, but it’s hosting a tight quarterback competition, too. Allen spent four years with the Oklahoma Sooners learning how to handle a situation like this. He was likely never going to pass Sam Bradford or Landry Jones for the starting job, but he was always there in case something happened. The quarterback competition, which is down to Drew Allen and Terrel Hunt, has run neck-and-neck through the entirety of training camp with both signal callers splitting reps with the first team almost completely evenly.AdvertisementThis is placeholder text While a potentially frustrating position for the quarterbacks, it is one that makes sense: There’s no need to give the Nittany Lions an extra advantage. “We don’t have to play until the 31st, so the final decision won’t truly be made until we step on that field,” the head coach said. Of course, at OU he was an injury away. At SU it’s a 50-50 competition. Published on August 19, 2013 at 9:26 pm Contact David: dbwilson@syr.edu | @DBWilson2 “I don’t want to tell half-truths,” Shafer said. “So we’re going to do the best we can to put that position together for the 31st.”last_img read more

Fading La Niña delays onset of wet Caribbean season

first_imgThe Barbados-based Caribbean Institute for Meteorology and Hydrology (CIMH) says the onset of the wet season may be delayed by a few weeks in much of the Caribbean region.“By contrast, The Bahamas, Cuba, and French Guiana might be wetter than usual, with extreme wet spells being a potential concern for flooding and flash floods,” CIMH said, blaming a “quickly fading La Niña” which is associated with cooler-than-average sea surface temperatures, for the situation.In its latest Caribbean Climate Outlook Forum (CariCOF) outlooks for the period May to October this year, released Tuesday, the CIMH said heat discomfort, surface wetness and large water reservoir recharge rates related to wet spells may show a slower increase than usual.“However, dry spells and episodes of Saharan dust incursion may be frequent in Belize and the islands,” it added.CIMH said it continues to “see no drought concern developing throughout most of the region” with a drought watch however being issued for Antigua, north Bahamas, south east Belize, western Cuba, French Guiana, Guadeloupe, St. Maarten, St. Kitts, central Suriname, Tobago, Virgin Islands.It said copious rainfall during the wet season of 2017 and no large deficits having been built up since the start of the Caribbean dry season in most places, with south-eastern Haiti, north-western Guyana, south-western Jamaica, western-Puerto Rico being under long term drought, while north west Guyana is under short term drought.“Shorter term drought is evolving in coastal portions of Suriname, and might possibly develop in other portions of the Guianas. Long term drought is evolving in southeastern Haiti, and might possibly develop in Aruba, Bonaire and Curacao (ABC) islands, Antigua, western Cuba, northern and south-eastern Belize, coastal portions of French Guiana, St. Maarten, and portions of eastern Suriname.”The CIMH said that from May to July, night-time temperatures may be warmer than usual in ABC islands and the north-western Caribbean but cooler in the Lesser Antilles with the maximum day time temperature being cooler than usual from Trinidad southwards.“The hottest part of the year (August till early October) will likely be at least as warm as usual,” CIHM said, noting that “there will likely be less heatwave days than in most recent years across the region during this period.“Notwithstanding, there is a 15-20 percent chance for at least 14 heatwave days in Belize, eastern Cuba and Trinidad in the period May to July 2018,”it said, adding that “although there is the likelihood of a few heatwaves in many locations which may cause heat stress in human populations or livestock, the heat stress should be less acute than in most recent years.”last_img read more

Lakers trade players, pick to Wizards to create cap space, chase max free agent

first_imgAnything is possible.Just when everyone thought the Lakers had no shot at a max free agent after trading for Anthony Davis, the team has reportedly shipped three players — Mo Wagner, Jemerrio Jones and Isaac Bonga — and their 2022 second-round pick to the Wizards (per ESPN). Those three players combined to average 10.2 points per game last season in limited playing time and are set to earn around $5 million in 2019-20. Kemba Walker free agency rumors: Celtics frontrunner to land All-Star Klay Thompson seen with LeBron James on ‘Space Jam 2′ set “There will be a lot of changes,” Lakers owner Jeanie Buss told the Los Angeles Times earlier this week. “Lakers fans, be patient. We’re going to get there. We’re not going to stop until we’re all proud.”The Lakers reportedly have interest in Bobby Portis, Marcus Morris, Al Horford, Brook Lopez and DeAndre Jordan, as well. They also are the “most likely” destination for Carmelo Anthony and J.R. Smith. pic.twitter.com/NGOZMcMRmt— kuz (@kylekuzma) June 27, 2019Los Angeles will now pursue a third star this summer to pair with Davis and LeBron James. The franchise has been linked to Kemba Walker, Jimmy Butler, Kawhi Leonard, Kyrie Irving and D’Angelo Russell. But before Thursday’s trade news, the Lakers only expected to have around $23 million available this offseason and weren’t able to offer a max contract.Despite the previous cap restrictions, the Lakers’ front office was bullish on its chances to land a marquee free agent. Additionally, Davis has waived his $4 million trade kicker, according to ESPN.And there you have it — Los Angeles has the required $32 million in cap space to chase any free agent they deem worthy of a max contract. Related News NBA free agency rumors: Lakers, Celtics among teams interested in Enes Kanterlast_img read more