November 21, 2020
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first_imgHe added: “That could include bringing elements or a measurement of certain assets in-house, as opposed to doing everything through asset management partners.”The fund’s director of strategy and legal affairs David Taylor stressed that in-house expertise would only be considered if the PPF could save money through such a step.“There are some asset classes we are clearly going to be in for the long term, and it makes sense to start thinking about bringing them in,” he said. “There are other asset classes we may not be in for the long term, in which case building up [such] infrastructure only to then migrate out of those classes doesn’t make a great deal of sense.”Asked which asset classes the PPF would not consider as long-term holdings, Taylor noted that the fund would not expect to be “heavily” in equities in 2030, but would not be drawn further.However, the fund predicted the increased costs of external management would be offset by its assets rising to £25.1bn by 2018, resulting in management costs of 0.55%.  The PPF currently agrees framework agreements with its asset managers across nine broad asset classes, with managers seeded as and when the need arises.Its global bond framework, the largest, comprises 15 managers, while four managers stand to benefit from its UK bond and derivatives activities, used to hedge its liabilities. The fund last year returned 19.5%, 2.9% ahead of its benchmark return. The UK Pension Protection Fund (PPF) is considering the launch of an in-house investment team in an effort to contain the growing costs of asset management.The £20bn (€27.9bn) UK lifeboat fund, which last year amended its Statement of Investment Principles (SIP) to allow a 12.5% exposure to hybrid assets, said fund manager fees were expected to increase by one-third, or £38.6m, over the course of the coming financial year.Publishing its strategic plan for 2015, the fund said the increased costs – up to £120.1m in 2015-16 and rising to nearly £133m by 2017-18 – was the result of growing exposure to alternative asset classes.David Shaw, head of strategy and policy, said it was important to look at changes that could increase both the fund’s control over assets and the cost-effectiveness of investments.last_img read more

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first_imgA group of six tugs managed to refloat the 40,600 dwt tanker Seatrout during high tide on September 20, according to Zeeland Veilig.The ship, which ran into trouble off Antwerp earlier the same day, came loose just before 4 pm. Dutch towage and salvage companies Multraship and Kotug Smit were called to conduct the operation.The 188-meter-long Seatrout was then escorted to Vlissingen, the Netherlands, where it is scheduled to undergo further inspections.Seatrout ran aground in the early morning hours of September 20 after colliding with the bulk carrier Usolie. At the time, both vessels were sailing in the same direction on the Scheldt river.The tanker, which was sailing from Antwerp to Russia’s Ust-Luga port, was not loaded with cargo at the time.Zeeland Veilig earlier informed that the bulk carrier does not have any visible damages. The extent of damage on the tanker is currently unknown.Relevant authorities launched an investigation into the matter.World Maritime News Staff; Image Courtesy: Rijkswaterstaat‏last_img read more

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first_imgJohn Desko stood on the sideline before one of Syracuse’s practices and quickly surveyed his players warming up on the field. Of all the aggressive, strong defenders, Desko was almost certain Matt Harris was the one he’d dread having to match up against.‘If there’s probably one guy out here that I wouldn’t want to cover me, it might be him,’ SU head coach Desko said. ‘Not only is he a good cover guy, but it hurts when he plays you.’Desko and his staff saw that quickly and, with one switch, unleashed even more of Harris’ abilities. Before the season opener against Denver, they decided to implement a new game plan that they drew up for the freshman: a switch to long-stick midfielder. Eight games into the season, Harris is proving it’s the right call.At the team’s media day to open up the season, Desko included Harris into the group vying for the third defender spot. When Harris didn’t get that position, he moved into another. With a senior-heavy line of close defenders, his playing time was destined to be limited. But that’s not the case at midfield, where Harris has done a more than credible job as the primary backup to Joel White.White is arguably the best long-stick midfielder in the country, winning the Lt. Donald C. MacLaughlin Jr. Award as the nation’s best midfielder last season. White also made a position switch as a freshman, from a heralded scorer in high school to long-stick midfielder in his first year at Syracuse. When he’s off the field, Syracuse can be a different team. But now with Harris filling in, the Orange can breathe easier.AdvertisementThis is placeholder text‘I’ve been very impressed with him,’ White said. ‘He gives us a great look when I’m off the field. He really comes out and hassles the other team.’Harris has played in every one of the Orange’s games thus far, scooping up nine groundballs. At 6-foot-2, Harris is a force on the field and adds depth to Syracuse’s already formidable defense.Still, the transition hasn’t come without issue. Harris said he played only a little at long-stick midfield in high school. He played close defense almost his entire life. Instead of staying at one end of the field for the whole game, waiting for the play to come to him, he’s now making plays at both ends of the field.The increased running and conditioning are what poses the biggest challenges for Harris at this point. The defending remains the same, but doing it while having exerted that much more energy is what Harris said he needs to work on the most in practice.‘You have to try your hardest, run your hardest in conditioning,’ Harris said. ‘You really have to go hard in every drill.’Ironically, his quickness in getting from one end of the field to another is what earned him a spot at long-stick midfield in the first place. Over the course of SU’s four scrimmages, the coaching staff ran him out to midfield to see what he could do, and Desko saw parts of his game he hadn’t seen before.‘We tried him out there, and he impressed us going up top,’ Desko said. ‘He was just given the opportunity.’White said Harris was still learning some aspects of the game at the start of the season. But in just a few short months, he sees a different player that’s picked up the defensive system with relative ease and maintains a veteran-like poise on the field.Harris may be a backup to White now, but the way he’s played shows Desko what his defense could look like going forward. Specifically, what Syracuse could look like at the long-stick midfield position.‘We’re very happy with his progress so far,’ Desko said. ‘I think it’s going to help us keep our defense strong in the future, too.’Lade expected to playDesko expects defender John Lade to play Saturday when his team plays at Princeton, said assistant director of athletic communications Mike Morrison on Tuesday. Lade exited from the Orange’s game against Duke last week in the fourth quarter and was replaced by sophomore David Hamlin.After he came out of the game, Lade was on the sideline with ice on his left ankle and never returned to action. After the game, Desko said he hadn’t yet spoken to the trainers, but thought Lade only twisted his ankle and didn’t seem concerned about the injury.Lade is an All-American defender and arguably Syracuse’s best at the position. Lade almost always has the responsibility of covering the most dangerous scorer of SU’s opponents. Through eight games, Lade is fourth on the team in groundballs with 17.cjiseman@syr.edu Comments Facebook Twitter Google+center_img Published on April 5, 2011 at 12:00 pm Contact Chris: cjiseman@syr.edu | @chris_isemanlast_img read more

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first_img Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters Clippers coach Doc Rivers reiterated at his team’s shootaround that he didn’t see a problem with the Game 1 clashes between Beverley and Durant, especially because that’s what his guard is out there to do.“I like Pat on anybody,” Rivers said. “I like him just because he’s a good defender, and I like the other stuff that comes with that. I don’t think it’s a bad thing at all. And I don’t think either one of them carried it too far.“Maybe in today’s world they ‘carried it too far,’ but it was not any cheap anything. There was no cheap play between either one of them, I thought it was clean, nasty, hard-nosed basketball and I kind of respect that from both ends, from both guys.”LIVE AND IN-PERSONThe Pat Bev vs. KD matchup might be getting most of the early attention in the series, but it’s not the only interesting pairing: Consider Shanbo vs. Klay.Golden State’s Klay Thompson locked down Clippers rookie Landry Shamet in the series opener, limiting the sharpshooting rookie guard to three points on 1-of-6 shooting. Newsroom GuidelinesNews TipsContact UsReport an Error Clippers hope they can play to their capabilities, quell Mavericks’ momentum OAKLAND — At shootaround before Monday’s game against the Clippers, Warriors forward Kevin Durant was contrite about his role in the Game 1 tango between him and Patrick Beverley – confrontations that resulted in two technicals apiece.“I don’t want to disappoint my fanbase and owners who expect me to be out there on the floor, so I apologize,” said Durant, whose techs stirred concern with his team, including Coach Steve Kerr, who pointed out that players get only seven throughout the entire postseason before they’re suspended for a game.“I mean, in the moment it was cool, but just the reaction after the game … I don’t want my coaches, my teammates, or the organization upset with me because of some (stuff) that I did. I don’t want to get in the way of what’s going out on the floor and I think that was a huge distraction.“I don’t want that to be a part of this series. I just want to play. It looked like it was a huge distraction.” For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory center_img “You want to guard the best of the best,” said Shamet, who was quick to say his game has lots of Thompson in it. “I remember, obviously, not too long ago, watching his film and trying to take a lot of what he does and put it in game. And I’ll give him credit for being kind of a role model for me coming out of high school and college growing my development.“Now I’m getting to guard him, seeing first hand … so it is kind of an interesting matchup.”NOTE OF THANKSRivers ended his pregame press conference by thanking an anonymous, righteous individual with whom he’d crossed paths earlier Monday.“Shout out to the San Francisco person at the corner today,” Rivers said. “I was walking down the street – true story – reached in my pocket to grab my phone, and unbeknownst to me, dropped about $2 grand on the street. Kept walking. Didn’t know it. The guy tapped me on the back and said, ‘That’s your money.’“I don’t know a lot of places where that would happen, but it happened today, so whoever that was, you could’ve had free tickets if you hadn’t run away.” Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates On the other end of the floor, Shamet did a decent job guarding Thompson, limiting one of the NBA’s all-time great sharpshooters to 12 points on 5-of-14 shooting.Related Articles What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 last_img read more

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first_imgThe question on many Americans’ minds is could the new American cardinal one day be the first American Pope?  “Well, I’ve said before that if he steps onto that balcony, I will pass out,” jokes Father John. “The ultimate decision of who will be Pope is made by the Holy Spirit.” Father John says the cardinal reminds him of Pope John XXIII. “The Church needs someone knowledgeable, personable and friendly and not afraid of challenges,” he says. “Someone like him, who is willing to dialogue yet firm in his faith. There are so many who are considered, but I think it is a possibility.” Pressing concerns and busy schedules keep the friends from seeing each other often, but Father John was pleased to spend New Year’s Eve in Manhattan with the Cardinal-elect (as he was at the time). In addition to running the Archdiocese of New York, which comprises about 480 parishes, Dolan is the president of the United States Conference of Catholic Bishops. Father John says the cardinal faces the same concerns all priests face nowadays: evangelization (spreading the Gospel); strengthening priesthood and faith; strengthening family life; increasing vocations to religious life; and clarifying misinterpretations of Church teachings, among other issues. “It can be a challenge,” he says. After ordination, the two remained friends and when Cardinal Dolan became Auxiliary Bishop of St. Louis, Father John attended his ordination. Cardinal Dolan went on to become Archbishop of Milwaukee, and Father John was there when Dolan received the Pallium, a symbol of his office as an archbishop, from His Holiness, Pope Benedict XVI at St. Peter’s Basilica inVatican City. “He’s a great man,” Father John says of his friend, adding that he understands why Dolan is so popular with his people. “He’s endearing, personable and has a great sense of humor. What I cherish most from our days together in Rome is his sense of humor.” He says Dolan’s good-natured teasing –from those days of seminary life to their current positions some 40 years later–has stayed with him. “We would visit Station Churches, where, every day during Lent, the faithful gather at different churches [throughout Rome] for Mass or prayer services,” says Father John. Father John has fond memories of the time when the two young Americans—far from home and living abroad for the first time–prepared to dedicate their lives to their faith. “We enjoyed the food—of course!” says Father John. “The great local restaurants, the flea markets, everything.” As they took in the sites of Rome– the Fount of Trevi, the Piazza Navona–they also visited neighboring towns. Assisi, the birthplace of St. Francis and a three-hour drive from Rome, was one of their favorite places. By Judy O’Gorman AlvarezWHEN HIS EMINENCE Timothy Cardinal Dolan, Archbishop of New York, was elevated to the College of Cardinals last month by His Holiness Pope Benedict XVI, more than 1,000 well wishers from across the U.S. traveled to Rome to witness his investiture and share in the celebration. Among the group of family, close friends, and parishioners, was Rev. John T. Folchetti, pastor of the Church of St. Leo the Great in Lincroft, a longtime friend of Cardinal Dolan. Dolan, originally from St. Louis, Missouri, was the Archbishop of Milwaukee before he came east to New York. In 2009 Pope Benedict XVI named him Archbishop of New York. Folchetti has been pastor of St. Leo the Great since 2009. He has served as chaplain and a teacher at Christian Brothers Academy, Lincroft for 22 years and as weekend assistant at St. Rose of Lima, Freehold for 27 years. It was the early 1970s when the two young seminarians – Folchetti from the Diocese of Brooklyn and Dolan from the Archdiocese of St. Louis – studied at the Pontifical North American College at Vatican City. Two years ahead of Dolan, Folchetti (called Father John by parishioners) became the younger seminarian’s mentor. Father John has asked the new cardinal what he should call him. “Despite our friendship, I never want to show disrespect for him or his office,” he explains. “Shall I call you Your Eminence?”  With a good-natured chuckle, His Eminence Timothy Cardinal Dolan, one of the most influential and powerful men in New York, said: “Ah, call me what you always called me.” So when the phone rings—often on a Sunday afternoon, after Masses have been celebrated and the workweek has not yet started—Father John will answer his phone and hear: “Hey John. Tim here.”last_img read more

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first_imgMIDDLETOWN – Approximately 60 firefighters from four Middletown fire companies turned out early Monday morning to put out a fire in the Up in Smoke Cigar Lounge that was reported by Middletown police officers on routine patrol.Fire Department Public Information Officer John Isaksen reported police called in the blaze at 12:30 a.m. Jan. 18 when they noticed the working structure fire. Volunteers from Belford Independent, Belford Engine, Port Monmouth and Community fire companies responded, under the command of Department Chief Rick Hibell. They reported they had the fire under control within 20 minutes.Second Assistant Fire Ryan Clarke was among the first of the officers on the scene at the unoccupied commercial structure at 900 Main St.Firefighters began fighting the blaze with a 2 ½ inch hose line through the front door; they cut holes in the roof to vent heat and toxic smoke from the structure.Community Fire Company stood by as a Rapid Intervention Crew (RIC) ready to provide assistance to firefighters that may become trapped or injured while performing interior firefighting duties.  According to officials, there was smoke and water damage throughout the building but no reports any of the inventory went up in smoke.Middletown Township Fire Department’s Air Support and Fire Police units, as well as township EMS units stood by during the incident. No injuries were reported.The fire is being investigated by the Middletown Township Fire Prevention office.Pictures Courtesy of MTFD Photographer Laurie Kegley.last_img read more

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first_imgA booth-level worker of the BJP, Sandip Ghosh, was shot dead by unidentified miscreants in West Bengal’s Paschim Bardhaman district on Sunday night. Another worker Joydeep Banerjee was severely injured in the attack, the police said. The two workers were returning home after a party meeting when they were attacked in the Malandighi area. BJP officials blamed Trinamool Congress for the attack, which the latter denied. “It is a fall out of the BJP’s internal feud,” a TMC district official said. The BJP has called for a bandh call in Durgapur subdivision on Tuesday. Sayantan Basu, a party general secretary, led a demonstration in front of the Kaksa police station in Paschim Bardhaman on Monday night. Union Minister Babul Supriyo, an MP from the area, has condemned the killing.last_img read more

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first_imgSports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Kammuri turning to super typhoon less likely but possible — Pagasa Fire hits houses in Mandaluyong City Less time, fewer timeouts among adjustments for NBA coaches Brace for potentially devastating typhoon approaching PH – NDRRMC MOST READ Read Next View comments Nonong Araneta re-elected as PFF president LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Kyrie Irving of the Boston Celtics looks on during the first half against the Charlotte Hornets at TD Garden on October 2, 2017 in Boston, Massachusetts. Maddie Meyer/Getty Images/AFPCHARLOTTE, North Carolina—Boston star Kyrie Irving has added more spice to the Celtics-Cleveland season opener.Irving, who asked to be traded out of Cleveland and wound up with the Celtics this summer after three straight NBA Finals trips with LeBron James and the Cavaliers, says he sees “a vast difference” between the cities.ADVERTISEMENT LATEST STORIES Don’t miss out on the latest news and information. Frontrow holds fun run to raise funds for young cancer patients  “Boston, I’m driving in and (thinking), ‘I’m really playing in a real, live sports city?’” Irving told reporters Wednesday, in comments published by The Charlotte Observer.“A lot of different cultures, food and people. You get it all, especially in Boston,” Irving also said. “You would go to Cleveland, and it would be at nighttime, and things would be going on, but you just see a vast difference.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutRemember, Irving and the Celtics open in Cleveland on Tuesday night. Typhoon Kammuri accelerates, gains strength en route to PH BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fightlast_img read more

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first_imgCristiano Ronaldo has expressed his thanks to Manchester United’s supporters after receiving a warm welcome upon his return to the club on Tuesday.Former United star Ronaldo – who won three Premier League titles and a Champions League medal with the club – was back in Manchester as Juventus outclassed the Red Devils at Old Trafford.Ronaldo was involved in Paulo Dybala’s winner, sending in a right-wing cross that found the forward off a combination of Chris Smalling and Juan Cuadrado. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! He almost had a goal for himself too on what was his second return to Old Trafford, with David de Gea’s magnificent save stopping his right-footed drive towards the top corner.And though Ronaldo and Juventus silenced the home crowd, who had little to cheer as Jose Mourinho’s men failed to find their footing against the Serie A giants, the home fans gave their former hero an ovation at the end of the night.As he walked off the pitch, having already posed for a photograph with a pitch invader, Ronaldo was applauded by those Red Devils supporters that had stayed inside the ground to salute their former hero.And it was appreciated by the Portuguese, who also claimed the Ballon d’Or during a hugely successful six years with United before making the move to Real Madrid in 2009.”An important victory in a very emotional match for me. It was great playing at Old Trafford again,” he wrote on Instagram and social media.”Thanks to all the fans for the reception and support.”Juve’s victory saw Ronaldo and his team-mates make it three wins from as many matches in Group H to sit five points clear of United.The Italian side are four points clear at the top of the Serie A table too, and return to league action with clashes against Empoli and Cagliari before the visit of United to Turin on November 7.United, meanwhile, are back in Premier League action over the weekend when they face Everton at Old Trafford as they look to improve on their current 10th-place position in the table.last_img read more

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