“Of these, there were four new positive tests.“Players or club staff who have tested positive will self-isolate for a period of 10 days.”It is the second successive week there have been four positive tests in the Premier League.- Advertisement – The competition is now pausing for the international break but will resume on 21 November.Previous Premier League test results31 August-6 September – 1,605 tested, with three positives 7-13 September – 2,131 tested, with four positives- Advertisement – The Premier League has announced that there were once again four new positive tests for coronavirus among staff and players in the last week.A statement from the league read: “The Premier League can today confirm that between Monday 2 November and Sunday 8 November, 1,646 players and club staff were tested for Covid-19.- Advertisement – 14-20 September – 1,574 tested, with three positives21-27 September – 1,595 tested, with 10 positives28 September-4 October – 1,587 tested, with nine positives5-11 October – 1,128 tested, with five positives12-18 October – 1,575 tested, with eight positives19-25 October – 1,609 tested, with two positives26 October-1 November – 1,446 tested, with four positives2-8 November – 1,646 tested, with four positives More from Coronavirus In Sport – Advertisement –
HSBC and Allianz Global Investors (Allianz GI) have partnered to launch a fund that would give institutional investors access to the trade finance market. In a statement, the two organisations said the Allianz Working Capital Fund would buy and offer to clients notes into which trade finance assets originated by HSBC had been wrapped.The assets could include traditional products such as trade loans or structured solutions like supply chain finance, with the initial focus to be on using European corporate trade finance assets before including other markets. Deborah Zurkow, global head of alternatives at Allianz GI, said: “Trade finance is a rapidly evolving opportunity for institutional investors. [This] launch helps unlock a whole new asset class for our institutional clients, providing unique, short-dated, uncorrelated cash flows.” According to the statement, banks collectively provide almost $10trn (€9trn) of trade finance to importing and exporting companies annually, with the secondary market for these assets estimated at around $300bn, and mainly comprising bilateral trading between banks.Trade finance contracts were not standardised and therefore could be hard for investors to price, it said. Surath Sengupta, global head of trade portfolio management and distribution at HSBC, said: “We’re aiming for nothing less than a major reform of the trade finance market that will benefit exporters, importers and investors keen to buy into real economy transactions.“Given that global demand for trade finance already outstrips supply by about $1.5trn a year, we see huge potential for a thriving secondary market to stimulate trade in goods and services – the lifeblood of the global economy.”APG to close gender pay gapAPG, the €500bn Dutch asset manager and pensions provider, has announced a plan to close the pay gap between its male and female staff.It said a survey had shown that women received 2.2% less in salary on average than their male colleagues.To address this, APG said it would raise the remuneration of more than 125 female employees who received less, despite working in similar positions and having similar experience and years of service.According to the company, the pay increase would be achieved within its existing budget.It added that, for the remaining female workers, there was no difference in pay with male colleagues in a comparable position.APG employs approximately 3,000 staff, 960 of whom are women.Soros buys into GAMRenowned investor George Soros has acquired a 3% stake in GAM, the Swiss asset management firm that came under pressure last year after a manager was suspended.According to a Swiss stock exchange statement, the stake is held by SFM UK Management, a subsidiary of Soros Fund Management, which Soros chairs. In July 2018 GAM suspended Tim Haywood, lead manager of its absolute return and unconstrained fixed income funds, which led to a wave of investor redemptions. It is still in the process of liquidating the funds, although GAM has paid out roughly 90% of the assets in the affected funds as of 1 May.In February the listed Swiss asset manager reported assets under management of CHF56.1bn (€49.9bn) as at year-end 2018, down from CHF84.4bn a year before, with a reduction of CHF11bn related to the unconstrained/absolute return bond funds.
StumbleUpon Unibet backs #GoRacingGreen as lead racing charity July 28, 2020 UK Racing pushes for drastic levy reforms as deep recession looms August 25, 2020 Related Articles Share BGC – Scotland and Wales must come clear on casino reopenings July 28, 2020 Submit Share The British Horseracing Authority (BHA) has confirmed that from 1 June, it will be compulsory for all trainers to declare runners 72 hours prior to the race.The announcement comes as the racing body ramps up its plans for a 1 June resumption that is in line with the UK Government’s provisional timetable for the return of sport behind closed doors.By 22 May, the BHA plans to publish its fixture list and race programme for the period 9-30 June, with the exact timetable due to be based on the ‘best-case scenario planning for resumption on 1 June’.The date for resumption will be subject to an assessment by public health officials and will also be conditional on the UK meeting the government’s five tests for easing lockdown measures. Until these tests are met, current restrictions will remain in place.The BHA has earmarked 26 May as the date it will publish British Racing’s protocols for racing behind closed doors. The guidance will focus upon safeguarding the health of employees and participants as the sport returns without spectators. Similar to the guidance issued by Westminster last week, the Welsh Government has recently published its roadmap for easing lockdown restrictions, with a ‘traffic light’ guide that includes team, individual and non-contact sports and behind closed doors events in the ‘amber’ phase. The Scottish Government is due to unveil its plans on Thursday. Neither government has yet outlined a specific timeline for the return of sport behind closed doors; therefore, it is possible that circumstances and timescales may differ across the UK.Racing industry leaders and the BHA Public Affairs Team have reiterated that they remain in direct contact with the Sport Ministers in Scotland and Wales around planning for a ‘risk-managed resumption of racing’ as soon as possible.