Danish roundup: LD, PFA, PenSam, Industriens Pension

first_imgDenmark’s DKK50bn (€6.7bn) pension fund Lønmodtagernes Dyrtidsfond (LD) has said it expects to see tough competition between asset managers for the DKK23bn of fixed income mandates it is putting out to tender.Lars Wallberg, LD’s director of finance, said: “We have worked on our investment strategy over the last few years and varied our expectations slightly for the bond portfolio.”LD will target a high level of safety in the portfolio, he said, to avoid exposure to credit risk and price volatility.At the end of April, the fund issued invitations to tender for two DKK9bn Danish high-grade bond mandates and one to tender for a Danish short-term bond mandate. This followed two invitations to prequalify for the investment management of a European corporate investment-grade bond mandate and a global inflation-linked bond mandate. LD said both Danish and foreign managers had the opportunity to make offers to provide investment advice on the mandates that the scheme has now put out as an EU tender.Wallberg said the two mandates for gilt-edged bonds and the mandate for Danish short-term bonds would require a high level of knowledge of Danish bonds, adding that this meant the number of managers applying for the business was likely to be relatively limited.But he said he expected tough competition among managers because these were large, attractive mandates.LD, which receives no current contributions, manages cost-of-living allowances that were granted to public sector employees in the past.Meanwhile, the Danish financial regulator has given PFA’s asset management arm an official order and criticised the firm for paying too much for services from another part of the PFA group.The Danish FSA (Finanstilsynet) ordered PFA Kapitalforvalting (PFA Asset Management) to ensure the agreement with PFA Pension to receive various administrative services includes fees that are set at market rates.The order was given following a routine inspection of the firm.The regulator said: “It is the FSA’s judgement that the company has not focused sufficiently on the fee for services that are included in the administration agreement, and that the fee is high.”It said this meant there was an increased risk the agreement had not been made according to market rates.PFA said it would follow the order but insisted the fee had been in line with the market.In a statement, PFA Kapitalforvaltning directors Jesper Langmack and Poul Kobberup said: “We will obviously listen to the FSA order and in future ensure we can account for the fee in detail, which we believe to be market-based.”They also said they had tried to ask the FSA what it believed would be a correct level of fee, but the authority had not given it an indication of this.Separately, PenSam said it and Topdanmark were jointly investing DKK600m in a residential development of 400 flats in Aarhus.Construction of the planned development in the city’s new harbour-side quarter known as Aarhus Ø is about to start, PenSam said.The first 120 apartments are expected to be ready for occupation in October 2015.Benny Buchardt Andersen, PenSam’s investment director, said: “It is positive that we as a pensions company can support the development of Aarhus by creating attractive homes, which will provide value now and in the future.”He said the investment would mean more employment, high-quality homes for the city and a good return for PenSam’s customers.NCC Construction is to be the lead contractor for the project.Lastly, Industriens Pension said it was making its first property investment in the Aarhus area, putting DKK140m into a new office building currently under construction in Skejby to the north of the city.The property is already pre-let on a 10-year lease to the Danish IT company EG.The pension fund said it would take over the property in the spring of 2015 when it was completed and the tenant had moved in. The property was just under 12,000m2 in size and included underground parking, Industriens said.Peter Frische, head of real estate investment at the labour-market pension fund, said: “This is a modern, flexible and well-located high-quality property with a good tenant and a long lease. The investment will contribute to securing a good and stable long-term return for our customers.”Industriens said it planned to invest DKK5bn over the next few years in Danish property. It currently has DKK2.8bn invested in property funds, primarily abroad. This compares with its total investments across asset classes of DKK118bn.last_img read more

UWP wants PM to come clean about Cabinet reshuffle claim

first_img Sharing is caring! Share LocalNews UWP wants PM to come clean about Cabinet reshuffle claim by: – April 5, 2012 Tweet 6 Views   no discussionscenter_img Share Share Hon. Edison James.The Opposition United Workers Party says claims of a possible reshuffle within the Roosevelt Skerrit Cabinet are a mere distraction.The UWP met with local media houses on Wednesday to discuss this and other issues which they say are of national interest.Two local media houses reported earlier this week that they were reliably informed that there could be a shake up within the Cabinet; however there has been no such confirmation or denial by the head of Cabinet.Leader of the UWP Edison James said the prime minister’s silence on the matter could affect his Cabinet members.“An announcement of a reshuffle and media claims can have the impact of some level of destabilization. Ministers could be affected and you have this element of destabilization. This leaves ministers to wonder whether the prime minister is doing things behind their backs”.James said the prime minister has the responsibility to clear the air on the matter.“It is not appropriate to sit back and say nothing and say these fellas say their thing and I am not responding,” James expounded.The UWP said further that the matter could also be a mere political tactic to distract the people from the real issues affecting the country.Dominica Vibes Newslast_img read more

Patrol reports for Naas duty

first_imgStroll Patrol makes a quick return to action in the Yeomanstown Stud Dark Angel EBF Stakes at Naas on Wednesday following her victory at the Curragh on Sunday. “She’s been placed in a Pattern race in England and hopefully this is a good opportunity to get more black type on the page. “She’s coming right now, she’s in good form and she’s come out of her last race good.” Ken Condon will make a late check on the ground before allowing Newsletter to bid for her second Listed success of the campaign. Winner of the Kilvington Fillies’ Stakes at Nottingham in May, the three-year-old was then a close second to Ainippe in a Group Three at the Curragh before staying on well to finish fifth behind New Providence in the Summer Stakes at York earlier this month. “We’ll have a look at the ground in the first race. We don’t want to run her on firm ground, but she ran very well at York,” said the County Kildare trainer. “She came from a good way back and I’m very happy with her. “We want to step her up to seven furlongs in the Fairy Bridge Stakes (Tipperary, August 27) and there isn’t really much for her between now and then. “The more we get to know, she seems to appreciate easier ground, so we’ll just make sure it’s OK. It’s only up the road from us and she’s very well. The Johnny Murtagh-trained filly goes for Listed honours just four days after coming with a strong, late run to mow down Your Pal Tal to land a premier handicap in good style. “She’s come out of the race very well and I’m very happy with her and looking forward to running her again,” said the County Kildare handler. “She has a (3lb) penalty for winning a Listed race, but she’s got good form in the book and I’d expect her to run very well.” Eddie Lynam is double-handed with Byzantium and Fort Del Oro, while Michael O’Callaghan’s Letters Of Note is the fifth three-year-old in the nine-strong line-up. Rae Guest’s Minalisa is the sole English raider as she attempts to repeat last year’s success in this race. Colour Blue, Maontri and Oneoveryou make up the list. Press Associationlast_img read more

Andrew Gillum says he’s entering rehab

first_imgAfter being found unconscious in a hotel room, former Florida candidate for governor Andrew Gillum says he has opted to enter rehab.Gillum was found Sunday unconcious with two other males in a hotel room which contained several baggies of what authorities believed was crystal meth.Despite the report, Gillum says he consumed too much alcohol which caused him to vomit and pass out in the hotel room. He also claimed that he did not know that there were drugs in the room with him.Gillum was checked out by medical personnel at the scene and was allowed to go home.The 40-year-old has since told reporters that he developed a problem with alcohol after he lost the bid to become Florida’s next governor to Ron DeSantis.He was also not charged with any crime.Police:Andrew Gillum involved in apparent drug overdose in Miamilast_img read more

EHS senior Sarah Shelton commits to play volleyball at UNH

first_img Bio Latest posts by Taylor Vortherms (see all) Taylor VorthermsSports Editor at The Ellsworth AmericanTaylor Vortherms covers sports in Hancock County. The St. Louis, Missouri native recently graduated from the Missouri School of Journalism and joined The Ellsworth American in 2013. ELLSWORTH — Ellsworth High School senior Sarah Shelton has committed to play volleyball for the University of New Hampshire next fall.The 6-foot-1 outside hitter is just the second volleyball player from Maine to sign a national letter of intent to play for a Division I college, and the only player to do so in the last decade. Ashley Marble, a standout at Woodland High School, played for the University of Maine in the early 2000s.Shelton was named the 2014 Maine Gatorade Volleyball Player of the Year and is playing on the Maine Juniors 18 Gold National team as a captain.“I’ve been privileged to be able to coach Sarah,” Maine Juniors 18 Gold head coach Andy Pohl said. “She is one of the hardest working athletes I’ve coached with a commitment to the team that exceeds all expectations.”This is placeholder textThis is placeholder textThe top volleyball talent in the state comprises the club, which travels both regionally and nationally between November and June. This season, the team will travel to Atlanta and Orlando.The Maine Juniors Club is located in the Greater Portland area and holds practice twice a week. For the past two years, Shelton has been commuting two hours each way for practice.“The level of commitment to the sport that Sarah and her parents have shown is incredible,” Pohl said. “Sarah has been given an opportunity that many in Maine can only dream of. Her hard work has paid off.”Off the volleyball court, Shelton also maintains a 3.65 grade point average and is in the top 10 percent of her class. Part 2: When the injury is inside your head, some “don’t get it” – July 26, 2016center_img Part 1: Invisible, incapacitating concussions are sidelining high school athletes – July 19, 2016 Latest Posts EHS names new boys’ soccer coach – July 13, 2016last_img read more

TENNIS : Syracuse looks to maintain intensity during long layoff

first_img Comments Published on March 6, 2012 at 12:00 pm Contact Kevin: kmprisei@syr.edu As of Monday night, Emily Harman still hadn’t decided whether she was going home for Spring Break.Syracuse has won eight of its last nine matches to position itself for that elusive NCAA tournament bid, and Harman and her teammates don’t want Spring Break to curtail the momentum.‘None of us want to drop the ball,’ Harman said. ‘We’re placing a high priority on this season.’The No. 44 Orange (10-4, 5-1 Big East) has a unique scheduling arrangement this year, with a 19-day break between matches in the middle of the season. The break corresponds with SU’s Spring Break, giving players a chance to go home if they choose to. In years past, head coach Luke Jensen planned Spring Break road trips, but Jensen wasn’t able to find a trip that warranted taking away his players’ break.It ended up working out perfectly. AdvertisementThis is placeholder textJensen thinks the break is just what the Orange needs after finishing up an arduous portion of its schedule. Many players have been battling injuries, and the opportunity for some rest will gear everyone up for the late-season NCAA push, Jensen said.‘We’re beat up physically and drained emotionally,’ Jensen said. ‘When we had matches during Spring Break that was so much stress. This will be a nice little pause.’Jensen feels the team has traveled plenty already. The Orange opened the season with trips to South Florida and Texas Christian, and the team played seven of its first eight matches on the road before a four-match homestand. SU has two remaining road matches on the schedule along with the Big East tournament in Tampa, Fla.The extended time away from the court gives the Orange a chance to start early on preparations for its next two opponents, Binghamton and Boston University. Syracuse dropped last year’s match against BU 6-1 and narrowly escaped Binghamton 4-3.This year, Jensen said the extra time off gives the Orange a competitive advantage.‘We have over two weeks to zero in on those two teams,’ Jensen said. ‘They have business to take care of before they think about us. We can focus on them for the rest of the month, and we get to rest our mind and body.’The chance for rest doesn’t mean the team will be off from tennis completely, though. The coaching staff works with each player to devise a training plan that involves practicing, running and workouts.After Syracuse rose quickly up the rankings to as high as No. 39 in the country after a program-defining victory against Yale on Feb. 26, Jensen said he doesn’t need to worry about the players staying disciplined during break.‘We’ve come too far to drop the ball at this point,’ Jensen said. ‘We all want to win, and everyone knows what needs to be done over break to stay focused. I have so much confidence in them.’Freshman Amanda Rodgers is off to a torrid start in singles play, winning 13 of her first 14 matches. She is still looking for the right fit in doubles, though, going 4-5 overall while pairing with four different partners.Rodgers could go home to Florida, but she’s going to stay in Syracuse to work on her doubles play to gear up for the stretch run. She said she feels a mental edge over the opposition at this point, and she doesn’t want to let it slip away.‘Staying at Syracuse, I’m trying to train a lot every day,’ Rodgers said. ‘It’s a time to refocus, rest and get ready for the rest of the season.’Harman refers to the coaching staff as the team’s ‘pilot’ at this point. She said the clear communication and sense of community throughout the team will keep next week’s break from posing any problems.Rodgers said the players know what is expected, and nobody wants to let their teammates down. So when Syracuse returns to the court for its next match in 16 days, it expects to pick up right where it left off on its rise up the rankings.‘The great thing about this team is that we are driven,’ Rodgers said. ‘We all know that we can’t let our guard down.’kmprisei@syr.educenter_img Facebook Twitter Google+last_img read more

Dan Snyder’s ‘Happy Thanksgiving’ wish during Ron Rivera’s presser breaks the internet

first_imgLast Updated: 3rd January, 2020 13:08 IST Dan Snyder’s ‘Happy Thanksgiving’ Wish During Ron Rivera’s Presser Breaks The Internet Dan Snyder, the owner of Washington Redskins, opened the Ron Rivera press conference by saying ‘Happy Thanksgiving’, leaving everyone in the room baffled. First Published: 3rd January, 2020 13:08 IST COMMENT WATCH US LIVE There was a strong buzz among journalists who had gathered at the press conference where Washington Redskins were about to unveil Ron Rivera as head coach. But even before making the formal introduction, Redskins owner Dan Snyder surprised everyone in the conference room when he stepped to the mic to begin the press conference and said, “First off, happy Thanksgiving, everybody.” His “Happy Thanksgiving” became a Twitter trend and completely overshadowed the actual purpose of the press conference. Dan Snyder talked about Ron Rivera bringing a culture change.Also Read: NFL: Bill Belichick& Patriots Escape Punishment After No Spygate 2 Evidence Found: ReportsRon Rivera press conferenceRon Rivera was fired last month after 8½ years as Carolina Panthers’ head coach. The decision was a result of an underperforming Panthers team that were without the services of Cam Newton, who was sidelined for the season due to injury. Under Ron Rivera, Panthers reached the playoffs four times and made it to the Super Bowl after the 2015 season. Following the appointment, Ron Rivera said he was excited to coach a talented young team. He said that after meeting Dan Snyder, it was clear that both are aligned with their passion for the game and Snyder supports his vision to turn the team around. He also added that he is looking forward to surrounding himself with great people and getting to work.Also Read: Lamar Jackson’s Early Win-loss Record Leaves Patrick Mahomes Behind. NFL MVP Contender? FOLLOW US Written Bycenter_img LIVE TV SUBSCRIBE TO US Washington Redskins owner Dan Snyder seems to be in a holiday mood even as rest of the world are back on the work front. The press was left baffled on Thursday when Snyder decided to wish everyone with an early holiday greeting virtually as he began the press conference. The press conference surrounding Ron Rivera’s hiring was supposed to bring confidence in Washington Redskins fans and also show that the franchise was heading into the right direction by bringing in an experienced coach.Also Read: Redskins Appoint Former Panthers Coach Ron Rivera On Reported Five-year DealDan Snyder and his history Dan Snyder bought the prestigious NFL franchise in 1999 amidst much fanfare and expectations. However, he has made a mockery of the team ever since. Snyder is widely regarded as one of the worst owners in American sports and is known for his horrible judgement in terms of hiring and firing coaches as well as signing players for the team.Also Read: Redskins Fire President Bruce Allen, Eye Ron Rivera To CoachDan Snyder wishes ‘Happy Thanksgiving’ Dan Snyder starts Redskins presser with “Happy Thanksgiving” Suraj Alva last_img read more

What channel is NASCAR on today? Time, TV schedule for Pocono race

first_imgWhat channel is the NASCAR race on today? What time does the NASCAR race start? These are the questions that plague race fans every Sunday, when each Monster Energy NASCAR Cup Series race will be on either NBC or NBCSN for the second half of the 2019 season with differing start times.As for Sunday’s Gander RV 400 at Pocono Raceway, the Cup Series’ second of two visits to the “Tricky Triangle” this season, the channel that will broadcast the race is NBCSN. The start time for the race at Pocono is 3 p.m. ET. “The 550 horsepower package is just so different,” Johnson explained. “All of them have felt that way, but I guess Pocono probably would be (the most different). Because the speed differences on the straight we felt everywhere. The raised corner speed we felt everywhere. But at Pocono we don’t shift any longer the way this rules package works out. That’s the first time in my 18 seasons of racing that I have gone to Pocono and did not shift while completing a lap.”That makes it stand out as the most different. When I first went there I was shifting six times a lap. And then it went down to four, and now it’s down to zero. That’s a big difference.”Johnson, who is still winless this season and trying to earn a spot in NASCAR’s playoffs, has 20 top-10 finishes in 35 starts at Pocono, but he has had only one in the last seven races — an eighth-place finish in June of last year. The 3 p.m. ET start time is the fifth such start time this season (Texas, Sonoma, Chicagoland and New Hampshire were the others). As for the TV channel, the NASCAR Cup Series this weekend is on NBCSN for the fourth time this year. As part of NBC’s TV deal with NASCAR for the 2019 season, NBC was slated to show seven of the final 20 races of the season, with the other 13 scheduled to be shown on NBCSN.MORE: Watch the Gander RV 400 live with fuboTV (7-day trial)Sunday’s race at Pocono, which will consist of three stages (50 laps, 60 laps and 60 laps), is the 22nd race on the NASCAR Cup Series schedule (21st when not counting the All-Star Race). There are 16 races left this season, and just six races left before the playoffs.Pocono Raceway is the most unique non-road course on the NASCAR Cup Series circuit. The 2.5 mile, triangle-shaped track features three distinctly unique corners with 14-degree banking in Turn 1, eight-degree banking in Turn 2 and six-degree banking in Turn 3. That banking in Turn 1 is important after cars reach their highest speeds toward the end of the 3,740-foot frontstretch.”Trying to pass people is the trickiest part because it’s so finicky there after getting your car set-up to run by yourself in practice, but also getting it good for the traffic during the race and being able to out-corner guys out there,” Kyle Busch said of Pocono this week. “Having a lot of horsepower is important there, as well.”Below is all the info you need regarding how to watch Sunday’s NASCAR race at Pocono.What channel is NASCAR on today? Time, TV for Pocono raceRace: Gander RV 400 at Pocono RacewayDate: Sunday, July 28Start time: 3 p.m. ETTV channel: NBCSNLive stream: fuboTVRadio: MRN, SiriusXM NASCAR RadioSunday’s 160-lap race at Pocono will be the fourth of 13 races this season to be shown on NBCSN. The network’s broadcast crew consists of Rick Allen, Dale Earnhardt Jr., Jeff Burton and Steve Letarte in the booth, with Marty Snider, Dave Burns, Kelli Stavast and Parker Kligerman reporting from pit road.In addition to the TV coverage on NBCSN, Sunday’s race at Pocono is available via live stream through fuboTV. New fuboTV users can sign up with a seven-day free trial.Q&A: Jimmie Johnson talks NASCAR’s future, midweek Cup races, moreAnother Cup Series race weekend, another event in which Busch will be considered a (if not the) favorite to win. The driver of the No. 18 Joe Gibbs Racing Toyota has won three of the last four races at Pocono, and a win Sunday would make him the third driver ever to win three consecutive races at the track (Bobby Allison, Tim Richmond). Busch has four wins this season, with his latest victory being the one he earned at Pocono in June.Another strong contender at Pocono is Busch’s JGR teammate, Denny Hamlin. The driver of the No. 11 Toyota is the winningest active driver at this track; his 694 laps led at Pocono is second only to Jimmie Johnson’s 740.MORE: Full 2019 NASCAR Cup Series scheduleSpeaking of Johnson, after the June Pocono race this season, the driver of the No. 48 Hendrick Motorsports Chevrolet told Sporting News that, of all the tracks the series had visited at that point, Pocono was the one that felt the most different under the 2019 rules package.last_img read more

Official condemns unruly Lions fans in Cup final

first_imgFans from the Simbu TNA Lions were seen hurling containers and other objects at the referees and linesmen after the game.The fans also verbally abused them and tried to run onto the field.David Silovo, who is on the Judiciary of the Digicel Cup competition, said this was uncalled for and these fans had ruined what was a good game.He reported on Facebook later: “The referees went back to Brisbane this morning and they were calm and collected and were at their usual best and cheerful.”But i completely deplore the incompetence of the venue security and police for setting a blind eye to the safety of referees and other officials running the games.”Alcohol shold not be served in bottles anymore. Paper cups should be used for softdrinks and all teams must have water in  in eskies and not bring packaged water containers,” said Silovo.last_img read more

Suspended Ibaka offers apology to Raptors, fans

first_imgOSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Don’t miss out on the latest news and information. MOST READ Brian Heruela arrival bolsters Phoenix backcourt, defense OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Steam emission over Taal’s main crater ‘steady’ for past 24 hours The Congolese-born Spaniard was suspended for one game by the NBA after trading punches with Miami Heat forward James Johnson in a game on Tuesday.That means the Raptors will be without Ibaka and his averages of 13.8 points, 6.2 rebounds and 1.6 blocks per game when they host LeBron James and the Cavaliers, who are chasing Toronto for second place in the East.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkIt’s not the first time an outburst has cost Ibaka playing time this season. The Raptors suspended him for one game in December after he was involved in an altercation with a team staff member. Jiro Manio arrested for stabbing man in Marikina Sports Related Videospowered by AdSparcRead Next Scottie Thompson also worthy of Finals MVP, thinks Conecenter_img Redemption is sweet for Ginebra, Scottie Thompson View comments Toronto forward Serge Ibaka, suspended for Thursday’s key Eastern Conference clash with the Cleveland Cavaliers, offered an apology to the Raptors and their fans.“Sometimes during a game my emotions can lead to bad reactions and I’m not proud of that,” Ibaka wrote on his Twitter feed. “This is why I want to apologize to the Raptors organization, the fans, the staff and my teammates for my suspension.”ADVERTISEMENT Meralco ‘never the same’ after Almazan injury in PBA Finals Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew James, struggling Cavs routed again as Raptors romp Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIESlast_img read more