Category: kwidlasp

  • Unigestion targets Canadian institutional investors with new office

    first_imgUnigestion has opened a new office in Toronto to increase its institutional business in Canada.The Swiss asset manager already has two institutional mandates in the country – the pension plan of the Desjardins group, which awarded a mandate in 2012, and an unnamed institutional client that mandated Unigestion in 2013.For both institutions, Unigestion is running global equity mandates with a combined value of CAD500m (€330m).Through its new office in Toronto, it will also be offering its other products, including “risk-managed equities, private assets, alternative investments and cross asset solutions”, a spokesman confirmed to IPE. Heather Cooke has been named director institutional clients for the new office.She joins from Mercer Canada, where, since 2010, she was partner and leader of Implemented Consulting and Dynamic De-Risking.The Swiss asset manager said its services were “ideally suited” to the institutional investor segment in Canada, where pension funds, endowments and foundations are keen to diversify their manager pool and are open to new solutions.Unigestion said the Canadian pension fund market had been growing every year for the last 10 years, and that the company aimed to “go where the clients are”.“The opening of the Toronto office is a major development in the expansion of Unigestion’s footprint beyond its traditional European markets,” the Swiss asset manager said.In total, Unigestion has €10.9bn in assets under management, with more than half in segregated mandates.last_img read more

  • Dutch pension funds’ ‘search for yield’ cancels out cost-cutting efforts

    first_imgDutch pension funds managed to cut asset management costs in 2014 by 0.3 percentage points to approximately 0.60% of total assets, according to survey by LCP Netherlands in co-operation with the Dutch Pensions Federation.LCP, which looked at the annual reports of more than 240 schemes, found that actual asset management costs fell from 0.54% to 0.52% over the same period, while transaction costs dropped from 0.09% to 0.08%.Jeroen Koopmans, a partner at LCP, said cost-cutting had been “limited” and questioned why pension funds, particularly the larger ones, had failed to exploit the benefits of scale, as combined assets under management increased by €115bn last year.In recent years, many Dutch pension funds have striven to cut costs by streamlining their investment processes,  increasing their focus on passive management or abandoning relatively expensive assets classes such as hedge funds. Anne Laning, chair of the Dutch Pensions Federation’s reporting committee, attributed the slowdown in cost-cutting to pension funds’ ongoing “search for yield”.“Pension funds have increased their investments in asset classes such as infrastructure, mortgages, credit, direct loans and emerging market equities, which require more work and are therefore more expensive,” he said.Laning, who is also CFO at TKP Investments, said the trend towards sustainable investment could also increase costs.“If an asset manager must attend all shareholder meetings to monitor sustainability, costs are inevitable,” he added.According to the survey, pensions administration costs remained at €122 per participant on average. The researchers said that, for the third consecutive year, they could not find a correlation between costs and total returns. Koopmans suggested that additional cost benefits could be achieved through intensified negotiations – possibly through co-operation with other pension funds – as well as scrutinising contracts.last_img read more

  • Gold Coast property with wicked theme-park backyard sells in million-dollar deal

    first_img The property at 6-8 Parma Court, Mount Nathan, featured a theme-park style backyard. It sold for $1.18 million.LJ Hooker Nerang agent Julie Morgan-Kemp, who marketed the property at 6-8 Parma Court, said the buyers, a father with his three young boys and parents, were looking to take advantage of the dual living opportunity the home offered. The property also allowed the family to work from home and look after the children. MORE NEWS: Coast property prices tipped to soar A Gold Coast house with a wicked backyard has sold in a million-dollar deal.AN interstate family have scored the keys to a Gold Coast property that is home to what could be Australia’s coolest backyard. The theme park-style backyard features a skate park, basketball ring, tree fort, carousel swing, giant dinosaur and pool. The Mount Nathan home was one wicked offering and changed hands in a $1.18 million deal. RELATED: Wicked backyard wows with custom theme park An interstate family scored the keys. The dinosaur was an added bonus.“With the property the parents can help look after the children and all the family can meet together at Christmas time and the kids will have such a good time enjoying the property,” Ms Morgan-Kemp said. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“They are so excited. It turned out to be the perfect buyers for the perfect property.“It will be a lovely thing to see the kids there enjoying it.” The main house was one of two residences on the 1.1ha site. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:20Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:20 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen6 Australian wow homes that have just sold01:20 The 1.1ha property featured two residences — the main home and a guesthouse — as well as an office and shed with two shipping containers, one of which is storage, the other a man cave. The professionally designed and built skate park with a viewing deck, shade sails, flood lighting and basketball ring was a highlight of the property. The sellers, who created the family-friendly haven, sold the home to travel around Australia for the next three to five years with their three children. MORE NEWS: Mansion listed with eye-watering pricelast_img read more

  • Councils can now allow Easter Sunday trading

    first_imgNZ Herald 25 August 2016Family First Comment: Good Friday and Christmas Day will be next. Very sad. It’s now over to councils to decide whether shops can open on Easter Sunday after controversial legislation passed into law amidst heated debate.That is despite public calls from New Zealand sporting greats David Tua and Michael Jones for Pacific MPs to oppose the change.Tua flew to Wellington to speak to media shortly before the final vote, flanked by Labour’s Pacific MPs.“I think Easter Sunday needs to be protected. As a young boy growing up in South Auckland Easter Sunday, you looked forward to it – to spending it with your family, you go to church, and you have a good lunch,” Tua said.National’s Pacific MPs needed to be “courageous” and defy their party and vote down the law change “for our families”, the boxer said.Last week rugby great Michael Jones – a devout Christian who has links to the National Party – also went public with a similar call.However, all National Party members voted for the Shop Trading Hours Amendment Bill, which will allow councils to pass bylaws to allow trading on Easter Sunday and passed its third and final reading by 62 to 59 personal votes today.Such bills are traditionally a conscience vote for MPs, but National MPs voted together for change.READ MORE: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11700444Council to decide on Easter Sunday tradingGisborne Herald 27 August 2016GISBORNE business groups are giving broad support to new laws that open the door for shops to trade legally on Easter Sunday. The Shop Trading Hours Amendment Bill — which allows councils to allow trading to take place on Easter Sunday — passed its third reading in Parliament this week.Gisborne Mayor Meng Foon said while he supported the ability for retailers to trade on Easter Sunday, he pointed out no decision would be made without full public consultation.Family groups and churches have expressed concern over the changes.Family First national director Bob McCoskrie said that the justification for liberalising Easter trading laws would be used as justification for changing the laws around Christmas Day, Anzac Day morning, and Good Friday trading laws.READ MORE: http://gisborneherald.co.nz/localnews/2442162-135/council-to-decide-on-easter-sundayEaster trading: ‘Considerable costs and complexities’Radio NZ 28 August 2016Deciding what to do with the Easter trading laws is going to be a huge headache for Auckland Council, a mayoralty candidate says.The government has voted to let individual councils decide if shops in their region should open on Easter Sunday.The country’s Easter trading laws have been a source of great frustration for many, with some tourist centres being allowed to trade, and others not.Auckland mayoral candidate Mark Thomas said the government should have made a decision for the whole country, as now councils had to go through consultation, which cost time and money.“Auckland is now faced with considerable costs and complexities working out to apply that to the large area that we cover. I understand the idea of having it fit rural or provincial centres, but with Auckland I think a special case could have been applied because of our size and complexity.“I think it’s highly likely the Council would have to spilt the region up. I’ve been involved in the local alcohol policy that is still going through legal contest, which indicates how complex and difficult it is when you take these issues and try and fight them into a one-size-fits-all approach in a city the size of Auckland,” Mr Thomas said.He said the decision for shops to open on Easter Sunday needed to be made by the community.READ MORE: http://www.radionz.co.nz/news/political/311974/easter-trading-‘considerable-costs-and-complexities’last_img read more

  • Nigeria/Brazil friendly: Rohr hands late call-up to another player

    first_imgRelatedPosts Rohr lists Musa, Ekong, 23 others for Cote d’Ivoire, Tunisia friendlies Global COVID-19 cases surpass 27m – Johns Hopkins Everton sign Brazil midfielder from Napoli CSKA Sofia of Bulgaria winger Viv Efosa Solomon-Otabor has been handed a late call-up by Super Eagles head coach, Gernot Rohr, for the friendly against Brazil.The News Agency of Nigeria reports that three-time African champions Super Eagles will play five-times world champions Brazil at the Singapore National Stadium, Kallangin on October 13.A tweet on the Nigeria Football Federation’s official Twitter handle on Sunday night said Solomon-Otabor has been called-up by Rohr as replacement for the injured Samuel Kalu.It is the first time Solomon-Otabor has been invited to the Super Eagles.“Viv Efosa Solomon-Otabor of PFC CSKA Sofia, Bulgaria,has been called up by Coach Gernot Rohr to replace injured Bordeaux winger, Samuel Kalu,for the Oct. 13 friendly against Brazil in Singapore,” the NFF tweeted.Kalu picked up an injury in training with his French club, Bordeaux, and missed Saturday’s  3-1 away loss at Toulouse as result of the setback.Solomon-Otabor, 23, has featured in seven league games for CSKA Sofia this season.NAN also reports that Rohr had named Tyronne Ebuehi as replacement for Leganes of Spain defender, Kenneth Omeruo, on Saturday.Tags: BrazilCSKA SofiaGernot RohrViv Efosa Solomon-Otaborlast_img read more

  • Rosicky brace boosts top-four bid

    first_img Press Association Victory enabled Arsene Wenger’s side to climb above Chelsea into fourth spot and they are now only a point behind Spurs with their two main rivals both in action on Sunday. Arsenal needed a goal-line clearance from Rosicky to prevent Albion taking the lead after 12 minutes. Chris Brunt’s corner picked out Claudio Yacob’s run to the near post and his glancing header beat Lukasz Fabianski only for Rosicky to head away. After 20 minutes Arsenal broke the deadlock through Rosicky’s first Premier League goal of the campaign. Mikel Arteta’s long pass was seized upon by Gervinho who turned past Gareth McAuley before crossing for Rosicky who headed home at close range. Aaron Ramsey should have doubled Arsenal’s lead two minutes before half-time but he poked the ball wide of the far post after good play by Giroud and Santi Cazorla. After 51 minutes Rosicky doubled Arsenal’s lead with his second goal of the game. Ramsey’s pass was volleyed by Rosicky with plenty of power and Foster was unable to hold the shot. Rosicky was the first to react to the rebound and made no mistake from eight yards out. Baggies boss Steve Clarke responded by bringing on strikers Lukaku and Markus Rosenberg in place of Graham Dorrans and Jerome Thomas respectively. Albion were given a lifeline after 71 minutes when last defender Mertesacker was sent off for bringing down Long in the box and the resulting spot-kick was converted by Morrison. The closest Albion came to levelling was when McAuley headed just wide from a Brunt corner. Lukaku curled a shot just wide and Long fired over the bar but Arsenal held on. Tomas Rosicky’s double earned 10-man Arsenal a 2-1 win at West Brom and increased the pressure on Chelsea and Tottenham in the battle for a Champions League spot.center_img Rosicky broke the deadlock at the Hawthorns with his first league goal of the campaign and then added a second early in the second period. West Brom midfielder James Morrison reduced the arrears from the penalty spot after Per Mertesacker was red carded for bringing down Shane Long but the Gunners held on to claim the three points. last_img read more

  • Ward-Prowse signs new Saints deal

    first_img “It’s always good news, I’m happy that he would like to stay with us. It’s a good signal to the rest of the players. “He’s one of the examples for the academy, to the confidence of the young players. “‘Prowsey’ developed in the academy and now he’s one of the young players who plays for the first team. “He’s a good professional, always serious in his training, in his discipline, he’s a big example for all young players.” James Ward-Prowse has committed his future to Southampton by penning a new five-and-a-half-year deal at St Mary’s. The England Under-21s international has been with Saints since the age of eight and believes an exciting future lies ahead at St Mary’s. “The club is in a fantastic position and ever since I joined the club at a young age I knew it was the right place to be,” Ward-Prowse told Southampton’s YouTube channel. “I fell in love with the place straight away. “I’ve been on a fantastic journey, the club has too, and it’s great to extend my stay. I’m really excited for the next few years. “You only have to look at the players we’ve produced over the last few years to see it is the right place.” Ward-Prowse has made 17 appearances for Saints this season, despite missing a large chunk of it with a fractured foot. He has played a part in all 11 matches since returning in mid-December and is someone Ronald Koeman has high hopes for. “He’s one of the young players who is developing himself in a very good way. He will be a great player,” the Southampton manager said. A graduate of the club’s academy, the 20-year-old has made 77 appearances in all competitions since making his debut in October 2011. Ward-Prowse has become an increasingly important player for Saints and has now been rewarded with a new and improved contract, keeping him at the club until 2020. Press Associationlast_img read more

  • Wenger sets target for Gunners

    first_imgArsene Wenger has set his Arsenal side the target of winning seven of their remaining Premier League games to guarantee a top-four finish. But having reached European’s elite club competition for 15 successive years, Wenger is well-placed to know what is needed to ensure qualification for a 16th by finishing inside the Premier League’s top four. “Seventy-two,” was his thoughtful response when asked how many points are required for a top-four finish. “People have finished in the top four with 67 points, but if you look at this year we have 51 points now. So it will be in the 70s. It is a tough run-in but it will be similar to last year. “Look, have you seen the quality of the teams behind us? Southampton, Tottenham, Liverpool, Manchester United. The best way is to look forward and go as fast as we can. “It will be down to consistency because mathematically it is not impossible for the guys behind us to catch us, but also for us to catch the teams in front of us. You just have to focus on yourself and win the next game.” A season-ending tally of 72 points means Arsenal require another 21, or seven wins, to reach that target, but Wenger also conceded he would like to remain in the top three and thus avoid the need to play in a qualifying round early next season to reach the Champions League group stages. “It has not been every year, but when you have to go through the qualifiers you are not in the Champions League,” he said of Arsenal finishing fourth. “It is better that you finish in the top three than the top four. Fourth is not a guarantee of Champions League football. “The only thing you can say is that (this season) it is very tight. You look in front of you, Manchester City are four points ahead of us, and you look behind you, there’s plenty of people chasing us. “That will be very, very tight and it will be down to consistency in our results and mental strength. That will certainly be needed again on Wednesday night.” The Gunners go into Wednesday night’s clash at struggling QPR in third place but with only a three-point gap separating them from Manchester United, Southampton and Liverpool below. Wenger’s side also face a tricky away tie against Monaco, who won 3-1 at the Emirates Stadium in the first leg, knowing they need to provide an unlikely result to continue in this season’s Champions League. center_img Press Associationlast_img read more

  • Slave auction re-enactment draws crowd

    first_img“Please stand for something,” said Deyonte Austin as he stood on stage at Lazzaro Plaza, his arms and legs in shackles.Austin, a junior majoring in music industry, was playing the role of a slave in the Black Student Assembly’s re-enactment of a slave auction on Thursday. The event was held in honor of Nakumbuka Day — dedicated to Africans who died on the Middle Passage — a route of the slave trade. About 1 to 2 million slaves died on the Middle Passage.Remember · Deyonte Austin, a junior, speaks during a re-enactment of a slave auction, presented by the Black Student Assembly in honor of Nakumbuka Day. – Dieuwertje Kast | Daily TrojanAs he recited his speech on stage, Austin began to cry. He said after ward that re-enacting the role of a slave deeply moved him.“For a second, I felt like I was actually in that position,” he said. “My grandfather used to tell me stories like this. He saw it … I could never forget.”“Nakumbuka” translates to “I remember” in Swahili. The slave auction re-enactment was held to ensure people did remember — or, for those who had never heard of the day, to teach about the plight of slaves traveling from Africa.The re-enactment drew in many passersby as Chris McAbery, a Caucasian male, led three black students — Austin, Rachel Brown and Brandi Vicks — from Tommy Trojan to Lazzaro Plaza.Austin, Brown and Vicks, playing the role of slaves, wore shackles around their necks and were tied together in a line. They wore dirty, ripped clothes and hung their heads as they walked.McAbery led the three slaves onto a stage. He displayed them each individually, and then each spoke — Austin recited a poem about slavery, Vicks detailed the horrors of the Middle Passage and Brown spoke as if she were a slave who was making the journey.About 30 people were gathered at Lazzaro Plaza when the re-enactment began; many more stopped to see what was happening and stayed to hear the speeches.“It was definitely eye-catching,” said Gabe Suranyi, a senior majoring in business administration, who had never heard of Nakumbuka Day before. “It was a good idea.”Eye-catching is precisely what the BSA was aiming for. Though it has held memorials for Nakumbuka Day in past years, Tirsa St. Fort, executive director of BSA said the group had hoped to stage an event that would draw people in.“We were going for people who might not have heard of it,” she said. “The speakers were intense — it caught attention. It was a lot different.”The event was intense for those who participated, as well.“I got a couple of dirty looks,” said McAbery, a junior majoring in economics. “But I remembered it’s for a good cause.”last_img read more

  • Bale out of Real clash with Liverpool

    first_imgTonight in the Premier leagueWest Brom host Manchester United tonight at the Hawthornes.Kick off is at 8. The formers Spurs star is also a doubt for Saturdays meeting with Barcelona.The Reds struggled to beat QPR 3-2 in yesterday in the Premier league and former Captain Phil Thompson says he expects more from striker Mario Balotelli who has yet to score a league goal since his move from Milan.Chelsea will be without Andre Schurrlle and Ramirez for tomorrow’s home game against Maribor in the Champions league.last_img