BlackRock, National Association of Pension Funds, Univest Company, Pension Fund ING, BNP Paribas Investment Partners, JP Morgan Asset Management, Mercer, Finisterre Capital, Generali Investments Europe, Natixis, RobecoSAM, AP4BlackRock – Simon Pardoe has been appointed head of DC Proposition to develop bundled and investment-only UK workplace defined contribution services for employers and their employees. He joins from Legal & General, where he was most recently responsible for workplace savings strategy, proposition and market development.National Association of Pension Funds – Graham Vidler has been appointed head of external affairs. He joins from the National Employment Savings Trust, where he was director of communications and engagement. Before then, he worked on pensions from a variety of perspectives as a researcher at the House of Commons, policy adviser for the Association of British Insurers, head of policy at Which? and head of marketing at Norwich Union Life.Univest Company – Loek Sibbing has announced that he is to step down as chairman of the €20bn asset manager for the 80 pension funds of multinational company Unilever, on 1 June. He said he would now take on “new challenges” and that he wanted to share his experience and expertise with other companies. He said it was too early to make further announcements about the next step of his career. Pension Fund ING – The €18.5bn pension fund of banc-assurer ING has appointed Rients Prins as chairman as of 1 March. He succeeds Peter de Bruijne, who had been at the helm for five years. De Bruijne is to take on a new job outside ING. Prins has been a board member of the pension fund since 2012.BNP Paribas Investment Partners – Colin Graham has been appointed CIO and head of TAA & Research in the Multi-Asset Solutions team. He joins from BlackRock (formerly Merrill Lynch Investment Managers), where he was co‐head of the Global Multi‐Asset Strategies team. Before then, he worked as an actuarial consultant at Mercer.JP Morgan Asset Management – Stéphane Casagrande has been appointed head of institutional clients for Switzerland. He joins from BNP Paribas Investment Partners in Switzerland, where he was head of institutional sales and consultant relations. He has also held positions at ECOFIN Investment Consulting and Credit Suisse Asset Management.Mercer – Mark Rowlands has been appointed to lead sales and marketing for Mercer’s defined contribution and savings business. He joins from Partnership Assurance, where he was head of corporate partners. Prior to that, he spent seven years at AXA Corporate, where he held a number of different roles, including head of business development and head of consultant relationships and corporate partnerships.Finisterre Capital – The emerging market specialist has appointed David Burnside as a partner and head of business development. Prior to joining Finisterre, Burnside was at BlueBay Asset Management from July 2010, where he was a partner and head of alternatives. Before then, he spent seven years as head of European institutional marketing for Financial Risk Management.Generali Investments Europe – Hervé Gay has been appointed to the European Credit Research team as senior credit analyst. Before joining GIE, he was a senior sell-side fixed income credit analyst and deputy head of credit research at Société Générale in Paris.Natixis – Eric Le Brusq has been appointed global head of equity derivatives sales. He joins from LBDD Finance, a financial advisory specialist for institutional investors, where he was chief executive.RobecoSAM – Lucas van Berkestijn and Cécile Churet have been appointed as sustainability investing client specialists. These newly created positions will serve as a link between RobecoSAM’s research and product development activities and institutional clients.AP4 – Susan Linkvist has been appointed COO at the Swedish national buffer fund. She replaces Agneta Wilhelmson Karemar, who retires on 1 May but is on leave until then.
Companies looking for financing would issue preferred shares for the fund in which asset owners can invest in.The proposal stems from research activity that Fahlenbrach conducted with his colleague Erwan Morellec, professor of corporate finance at EPFL, and Jean-Pierre Danthine, former vice president of the Swiss National Bank.It is based on the assumption that pension funds, or other institutional investors, often lack enough expertise and resources to carry out due diligence on companies.“The second problem is that the money a pension fund can deploy in a small and medium sized company, let’s say up to CHF5m (€4.5m), is not enough to carry out all the due diligence that it is necessary,” Fahlenbrach explained, adding that the solution is viable long term.Financing for small and medium sized companies in Switzerland is limited to own capital injection or a bank loan.“An entrepreneur that takes money from the bank has to pay back the debt and the interest, no matter the economic uncertainty, and in uncertain times, entrepreneurs may be reluctant to take loans because they do not know whether they generate enough revenue to pay interest and principal,” he said. “An entrepreneur that takes money from the bank has to pay back the debt and the interest, no matter the economic uncertainty”Rüdiger Fahlenbrach, professor at the Swiss Finance Institute of EPFLThe COVID-19 pandemic caused the Swiss GDP to fall by 2.6% in the first quarter of 2020, according to the State Secretariat for Economic Affairs (SECO).The Swiss government has given guarantees for SMEs emergency loans.“The government has essentially provided guarantees for about $17bn of bank loans, and we envision that the fund of funds could be started by converting these bank loans into preferred shares, held by the newly created fund.”Fahlenbrach stressed that the participation of the state does not make the fund public, but added that in uncertain economic times it would need capital from the government in the form of equity on top of money from institutional investors.“The state is necessary in the fund right now because there is still a level of uncertainty on whether the economy is going to recover, but when things are more stable, then the fund can run without the participation of the government,” he said.If the economy recovers, companies will not default and pay the dividends, the state may opt to divest its part in the fund to other investors, he added.So far, he said, the proposal has been pitched to bankers, while the essential question remains: is there interest from pension funds or institutional investors in such a fund of funds and appetite for this financial instrument?“I would hope so, because Swiss entrepreneurs would get access to a new source of funding that does not dilute their voting rights, and is not as strict as a bank loan,” Fahlenbrach said.“There are only so many public companies they could invest in, and the fund is an additional financial instrument to deploy money in Swiss francs that is not public equities, large corporate bonds or Swiss government bonds,” he added.To read the digital edition of IPE’s latest magazine click here. Swiss pension funds, and other institutional investors, may rely on a fund of funds instrument to invest in small and medium sized companies in times of crisis, Rüdiger Fahlenbrach, professor at the Swiss Finance Institute of the Ecole Polytechnique Fédérale de Lausanne (EPFL), told IPE.“In a fund of funds, a private company does the due diligence to find small and medium sized companies that need financing. It creates a large portfolio of preferred shares in the companies, and the pension fund or institutional investor then buys parts of the fund,” Fahlenbrach said, adding that the vehicle would lead to portfolio diversification.Another instrument to attract investments in the local economy, linked to the idea of fund of funds, is a new type of security – cumulative preferred shares – that offers more flexibility to companies.Fahlenbrach explained: “Preferred shares do not offer shareholders voting rights, there is no fixed maturity date to pay back a principal” and a company is allowed skip a dividend payment during difficult times, but such dividends are accumulated and paid at a later date.
Euthanasia Prevention Coalition 28 July 2020Family First Comment: We are told that euthanasia is “compassion.” But how compassionate is it when last year in Canada, hundreds of sick people were euthanized because of loneliness? The country’s 2019 MAID [medical assistance in dying] Annual Report found that 13.7% of the 5,631 Canadians killed by doctors asked to be lethally injected because of “isolation or loneliness.” If my math is right, that’s about 771 people, or 64 a month, or two per day.The country’s 2019 MAID [medical assistance in dying] Annual Report found that 13.7 percent of the 5,631 Canadians killed by doctors asked to be lethally injected because of “isolation or loneliness.” If my math is right, that’s about 771 people, or 64 a month, or two per day. Good grief!Some of the other reasons people gave for asking to be killed:Loss of ability to engage in enjoyable activities, 82.1 percent. That’s a serious concern, but with proper interventions, it can be overcome.Loss of ability to perform activities of daily living, 78.1 percent. Ditto.“Inadequate control of pain (or concern about it),” 53.9 percent. That’s a scandalously high percentage. Palliative and hospice pain-control experts will tell you that most serious pain in terminal illnesses can be successfully alleviated.Loss of dignity, 53.3 percent. Again, this is a serious concern but can be overcome with appropriate care.Perceived burden on family, friends, and caregivers, 34 percent. In other words, people put themselves out of their loved one’s misery.Emotional distress/anxiety/fear/existential suffering, 4.7 percent.These statistics are scandalous and should make Canada deeply ashamed.Alas, most Canadians are proud that their doctors can legally kill sick people whose deaths are “reasonably foreseeable.” Not only that, but the country is now engaged in the process that will expand the conditions qualifying for lethal injection, including incompetent people with dementia if they asked to be put down in an advance directive.READ MORE: https://alexschadenberg.blogspot.com/2020/07/hundreds-of-sick-canadians-euthanized.htmlKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.
Neville, the former Manchester United and England defender, was officially unveiled as the new Valencia manager on Thursday after agreeing to take charge of the La Liga outfit until the end of the season. The surprise appointment marks Neville’s first foray into management after Valencia parted company with Nuno Espirito Santo following Sunday’s 1-0 defeat to Sevilla. “The atmosphere in Valencia is not easy to manage,” Flores added. “So, if I had to say to Gary Neville what he will find in Valencia, I will say: ‘Gary, concentrate on the team, because there are a lot of things that you can control’. “It is impossible to control the passion of the fans. When you are coaching Valencia, the most important thing is you focus on the squad and try to do the best you can because it is the only way. “The expectation is always very high. When they bring in a new coach they want to know the experience and the life of the coach, before they came to Valencia. But the most important thing is you are able to manage, able to lead, and show the Valencia fans that you are able to get the results.” Flores, a Valencia supporter, enjoyed 10 years at the Mestalla as a player before taking charge of the club in 2005 and leading them to third in La Liga and a quarter-final spot in the Champions League in the subsequent season. He was sacked in 2007 after a string of poor results. “Gary needs to adapt as quickly as possible to the Spanish culture because it is completely different to England,” said Flores of the former England international who has no playing or coaching experience in Spain. “The style of football, the philosophy, the speed of play, the mentality of the fans, the culture of the media is all different.” Flores, whose Watford side host Norwich in the Barclays Premier League on Saturday, also urged Neville to learn Spanish. “Different countries give a lot of values to people who try to adapt as quick as possible,” Flores continued. “If I am coaching in England for two years, one year or six months and I don’t speak one word in English, you are thinking I am not interested to know English people or English football so it is very important. “I respect Gary a lot because he played in the same position as me, he played at a high level, and maybe we are similar age. I hope for all the best for Gary.” Valencia are ninth in La Liga and Neville’s first game in charge is their must-win Champions League clash against Lyon on Wednesday. And Flores, who played almost 300 times for the Mestalla club, has told Neville to be braced for a tough start to his managerial career. Gary Neville has been urged to adapt to the Spanish culture as “quickly as possible” by Watford boss Quique Sanchez Flores. Press Association
PRESIDENT of the Upper Demerara Football Association (UDFA),Sharma Solomon on Friday evening ended his tenure at the helm of football’s administration in Region 10,when he announced his resignation while performing his last duty at the Stag Bowl Inter Ward football tournament launch outside the Linden Enterprise Network (LEN) building on Republic Avenue.Speaking at what was deemed the inaugural tournament,Mr. Solomon welcomed the initiative saying “it is the purest grass-roots programme for club football,” adding that he was not only encouraged by it but that the development of the sport among communities was important in this process.Looking at his decision to move away from the sport’s administration, Solomon told his audience that “I have tendered my resignation with the president of the Guyana Football Federation (GFF),” citing too many issues of division retarding the development of the sport as being one of his reasons for quitting.In what was his last official role as UDFA president,Solomon said he would have liked persons to look at the bigger picture and see the critical importance the game has in moulding the youths.He noted that whatever have been the reasons behind the apparent lack of trust within the association, he was proud to note the achievements of the sport which included two year-end tournaments over the past two years as well as two Under 17 tournaments for clubs were held and training of coaches was done with the youths in mind.With all of what has been done,Solomon noted that the UDFA in terms of football has outdone all other associations this past year and because of this he was proud that the UDFA is in a solid financial position and not in the red.Representing Mayor Carwyn Holland was a councillor who said the wish of the Mayor and Town Council is for a successful staging of this tournament as they were encouraged with the level of community involvement and what the intention is for;communities to benefit from this tournament.The Ansa McAl Trading representative Keon Persaud reported his company’s desire to continue to play a role in the development of football and with this initiative they were pleased that through the organizer,Eagles United Football Club,they were pleased that the promotion ground CBR Hot Shots entertainment would deliver a top class tournament.Eagles United Football Club official Raul Johnson said he was pleased with the turnout and thanked the representatives from all the participating wards who were there.The eight-team competition has at stake a first prize of $1.2M with the champions cashing $1M while $200,000 will go to a community project from where the team was chosen. Those community teams are in Group A- Blueberry Hill, Christianburg, Silvertown/ Valley/ Alleys and Half Mile /One Mile/ Scheme and in Group B- Central Mackenzie, Amelia’s Ward, Silvertown/ Canvas City/ West Watooka and Wisrock/ Block 22.The opening match is on April 15 when the first game of a double- header pits Central Mackenzie against Wisrock/ Block 22,and the second brings together Blueberry Hill versus Half Mile/ One Mile/ Scheme at the Mackenzie Sports Club ground.The playing dates are April 15, 20 and 24,with the final slated for April 26.
Managing Director, LaLiga Nigeria, Javier del Río spoke about the tournament in Nigeria and said “We are once again thrilled to have the opportunity to develop young talents across Nigeria. We are committed to each of our projects across Africa and hosting this tournament in Nigeria aims to further show our commitment to the development of football in the country through our longstanding partnership with the NPFL”.Also speaking about the initiative, NFF 2nd Vice President and LMC Chairman, Mallam Shehu Dikko said “ the U-15 promises tournament is very impactful as some of the young talents have already started blossoming into special footballers, three of the players from the 2017 edition are in the current National U17 team, some are in the U20s as well and some have gotten game time with their first team in the league this season. We are committed to developing football from the grassroots as we believe these kids will end up growing up to become representatives of Nigeria in major tournaments in the future.”The NPFL-LaLiga partnership was signed in 2016 and has since recorded a number of exchange projects between the two leagues, including a tour of Spain by an NPFL All-Star team, the opening of the LaLiga Nigeria office in Abuja.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Nigerian Premier Football League (NPFL) and LaLiga have announced the third edition of their annual U-15 Promises Tournament is set to kick off on Monday 8th of April, 2019. The tournament is part of the NPFL and LaLiga’s drive to the develop grassroots football in Nigeria.The 2019 edition will feature 21 teams, and the preliminary stages of the competition will be played across Benin, Abuja, Kaduna and Enugu. The quarterfinals, semi-finals and the final will then be hosted at the Agege stadium in Lagos from the 22nd – 28th April, 2019.The NPFL-LaLiga U-15 Promises Tournament was designed to properly develop young talents using the LaLiga methodology and also encourage NPFL Clubs to set up and maintain youth structures. Managing Director, LaLiga Nigeria, Javier del Río
DEREK MONTGOMERY/Herald photoSitting in an airport food court Sunday afternoon — one night after defeating Colorado College in a 9-1 blowout — most of the UW men’s hockey team sat together watching an AFC playoff game.There was a refreshing feeling, it was not just a group of guys taking in a good game, but a group that is extremely close and tight-knit away from the rink — just picture, if you can, the Badgers huddled around the TV during the week watching their newest favorite TV show: “The Bachelor.””There’s no cliques at all. Other teams I’ve played on there’s kind of a group of guys everywhere,” senior winger Ryan MacMurchy said. “We all hang out together. We love being around each other.”But despite their TV viewing choice, it is that closeness that they have brought with them to the ice which has resulted in an 18-2-2 record thus far, the best ever by a UW squad through 22 games.Perhaps it’s because for the first time in a while the team is chock-full of veterans. Maybe it’s that the team, led by an especially strong senior class, is comprised of players who have only known Mike Eaves as their head coach at UW. It could be because they are winning.Whatever it is, the personality of this team is hard to describe in a single word, even for the players.”Competitive,” senior Nick Licari offered. “Anything we do, whether it’s ping pong, a two-on-two tournament over Christmas, whatever it is we’re competitive. And when it’s all said and done we’re best of friends.”MacMurchy came up with the word “gritty.””We’re not the most-skilled team, but we work hard constantly,” he said. “We never get complacent … no matter how good we’re doing.”Team captain Adam Burish, who seems to have an answer for everything, kept it basic.”The simple word would be fun,” the Madison native said.Head coach Mike Eaves couldn’t come up with a single word, but did offer an explanation based off a comment from radio announcer Jeff Thomas in Colorado Springs last weekend.”He said he had a hard time distinguishing our first line from our fourth line by the way we played,” Eaves said. “What is the word that honors that statement? I’m not sure, but that was a pretty high compliment.”Perhaps asking for a single word was a bit unfair, for it is obvious that the team carries all of those characteristics, entwining them together to create a Wisconsin group that is on pace to place itself amongst the storied-program’s elite.One thing everyone can agree on, despite a decent amount of success over the past two years, is that there is definitely a different feeling.”There’s never a day where you come to the rink and it’s a dull day,” Burish said. “And that’s the first time in my four years it’s been like that. Usually, especially now around this time, is when it starts to be like ‘Gosh, practice again.’ Now, everyday guys are excited to come to the rink.””I think a lot of it is that we’re finally an upper-class team,” Licari said. “The past couple years we’ve had a lot of under-classmen and been pretty immature in all aspects on and off the ice. We finally figured ourselves out.”Taking care of business on the road: To win a strong league in any sport, the usual formula is to hold serve at home and steal points on the road, but the Badgers have been winning no matter where they play.Wisconsin is 9-0-1 on the road, including sweeps at league-rivals Minnesota, North Dakota and Colorado College, which explains its eight-point lead over its nearest competition in the WCHA.”On the road, you’re more as a team, you’re together all the time and it feels like a business trip,” junior Robbie Earl said after Saturday’s 9-1 win. “We act like it’s a business trip — there’s a structure involved on the road and I think that’s really helped us keep focused.”The maturity of the veteran Badgers has definitely helped away from home. Younger teams in the past few years may have been more nervous heading into their rivals’ arenas, but this team has a new mentality.”I absolutely love playing on the road,” MacMurchy said. “I love going into somebody else’s war environment and coming together as a team. There’s no better feeling than winning on the road.”Though the team has had success on the road, Wisconsin returns home for a crucial two-week stretch against two-time defending national champion Denver and Minnesota.But whether they are at home or on the road down the stretch, the Bachelor-fan Badgers hope that everything continues coming up roses.
Facebook Twitter Google+ Syracuse (7-5, 1-1 Atlantic Coast) will end 2019 by capping its nonconference schedule against Niagara (2-8, 0-0 Atlantic Athletic) at 7 p.m. in the Carrier Dome on Saturday. The Orange have won three of their last four and in their most recent win against North Florida, four starters scored in double figures. Niagara head coach and Syracuse native Greg Paulus returns to the Dome after starting at quarterback for the SU football team in 2009-10. Here’s what to know about the Purple Eagles ahead of the matchup.Gambling Odds: Syracuse is favored by 22 points with the over/under set at 147, per VegasInsider.com.All-time series: Syracuse leads, 53-28Last time they played: On Dec. 30, 2000, the Orange blew out Niagara 95-69 in the Dome. Then the 15th ranked team in the nation, SU rode Damone Brown’s 26 points in the victory. AdvertisementThis is placeholder textThe Niagara report: Niagara underwent a major change two weeks prior to the season’s tipoff. Then-head coach Patrick Beilein stepped away for personal reasons and Paulus, then an assistant coach, had his interim tag removed a day before the Purple Eagles began their season. On the court, it hasn’t gone much smoother for Niagara. The Purple Eagles lost their first five games of the season before beating Norfolk State on Dec. 1. One week later, Niagara toppled Colgate in overtime. Since, the Purple Eagles have lost three straight, including a close defeat to Albany and blowouts against St. Bonaventure and Buffalo. James Towns spearheads a three-pronged offensive attack averaging 15.2 points a game, while Raheem Solomon and Marcus Hammond post 12 and 11.2 points per game, respectively. Overall, however, Niagara posts porous offensive numbers. They rank 170th in effective field goal percentage per Kenpom, converting 32.5% of their 3s and 49.6% of two-pointers. Defensively, the Purple Eagles are worse. They rank outside the top-300 in nearly every metric, including a tenth-worst defensive adjusted efficiency.How Syracuse beats the Purple Eagles: For most of Syracuse’s nonconference games, the recipe has been simple: Exert its talent advantage against an inferior opponent. That statement will never be more true than against Niagara. The Purple Eagles get an inordinate amount of their points from deep (30%) despite shooting the 3 at a lackluster 32.5%. Their most frequent lineup over the last five games features four players 6-foot-3 or shorter and center Nicholas Kratholm is just 6-foot-9. Five-foot-10 point guard James Towns leads the team with 3.7 rebounds per game. This is all to say that Syracuse should be able to limit the Purple Eagles on one end of the court, and score at will on the other. Stat to know: 57.7 — Niagara’s effective field goal percentage, the tenth-worst mark in the country. KenPom odds: Syracuse has a 97% chance to win the game Saturday, with a final score prediction of 82-61 per KenPom.Player to watch: Raheem Solomon, No. 11, guardNiagara’s closest thing to a jack of all trades, the sophomore guard ranks second in points (12 ppg), fourth in 3-point percentage (34.1%) and fifth in rebounds (29). Solomon has also added 12 steals and six blocks while starting all 10 games. In the Purple Eagles most recent game against Buffalo, he swished three 3s and swatted a pair of shots. If there’s a player to give SU fits outside of leading-scorer James Towns, it’ll be Solomon. Comments Published on December 28, 2019 at 1:15 am Contact Nick: email@example.com | @nick_a_alvarez
ICC chief executive Dave Richardson, has hailed the just concluded Women’s Twenty20 World Cup as a major success, noting the large crowds and excitement which accompanied the tournament had made for a “celebration of cricket” in the Caribbean region.The November 9-24 tournament was the first ICC stand-alone women’s T20 event and it saw three-time champions Australia clinch yet another title after prevailing over arch-nemeses England by eight wickets in Saturday’s final at the Vivian Richards Cricket Stadium here.Cricket WI congratulated“I would like to congratulate Cricket West Indies for organizing a tournament that proved to be a celebration of cricket. The crowds came out in thousands to watch and the tournament displayed the love people in this part of the world have for the game,” Richardson said.Commitment to back women’s cricket “We saw some memorable performances and milestones being achieved and I would like to thank all the teams for putting up their best and showing the world what women’s cricket is all about. The ICC is committed to backing both women’s cricket and the T20 format and this tournament has played a significant part in that.”He added: “This tournament has been watched around the world and I’m sure the quality of cricket displayed during the tournament will inspire girls across continents to pick up a bat or a ball and play cricket.”It was the second time for the Caribbean hosting the ICC T20 World Cup, following on from the successful staging of the 2010 edition. In 2007, the region hosted its first-ever ICC tournament when it put on the 50-overs World Cup.For this tournament, preliminary matches were staged in Guyana and St Lucia, with the semi-finals and final played here in Antigua.Large crowds were a hallmark of the tournament, especially for West Indies’ final preliminary match against England in St Lucia and the semis and final.
This is reportedly the third time El Melali has been arrested for the same offence.His lawyer, Sandra Chirac Kollarik said in an interview with the local newspaper that her client was “not targeting anyone and was not aggressive towards anyone.”El Melali, however, is reported to have admitted his “inappropriate attitude” when questioned by the police.He will now “face trial in terms of an appearance prior to an admission of guilt.”El Melali signed for Angers in 2018 and has since played 28 times for the club.In May, Angers announced that he had signed a new deal that will keep him at the club till 2023. French Ligue 1 player, Farid El Melali isn’t having a good 2020.With the league season ended abruptly due to the coronavirus and having been arrested in May after he was reported to the police for masturbating in public, the player was picked up for the same offence on Wednesday.23-year-old Farid El Melali, who plays for Angers, was detained by police two months ago after allegedly masturbating in the courtyard of his flat as he watched a woman on the ground floor through her window, according to ESPN.The club and the police confirmed the player’s arrest and said he was being charged with sexual exhibition.The woman’s neighbours, who noticed the Algerian international’s actions called the police to the scene at 10:50 pm local time.The player was again picked up on Wednesday morning for two more flashing offences, before being released on bail after which he attended a training session in the afternoon.His lawyer told Ouest-France that their client “reiterates his most sincere apologies to the women he may have upset by his inappropriate behaviour.”It was revealed that the latest arrest was for a similar offence against the same victim.The President of his club, Fabrice Favetto-Bon issued a statement, saying these acts do not conform with their values.“We believe that we have already made statements on this matter. We heard the player’s apology. Obviously, this type of behaviour, pending the decision of the courts, does not conform with the values of the club and our requirement of players to be examples. The process is ongoing,” the statement read.