Investment professionals must focus on clients over profits – CFA Institute

first_imgInvestment management professionals should be less focused on their employers’ profits and more on solving their clients’ problems, the head of the CFA Institute has said.Chief executive and president Paul Smith said both investment and asset managers should focus on providing client services rather than the overall success of the company.Smith, who has led the institute since January, said the investment industry also suffered from a lack of trust from the public, as “there is not enough focus on properly pricing products”, or on investor protection.“In the same way the main focus for doctors is their patient’s health, the goal of investment management professionals should be solving their clients’ problems, rather than maximising profits for their firms,” he said. The CFA Institute provides education for investment/asset managers and has drafted a code of ethics charter holders are told to adhere to when managing money for clients.“We need better-structured products and better incentives,” Smith said, adding that fee structures are skewed towards the interests of managers.He also believes the industry has failed to present itself correctly to regulators, and that this will drive more regulation for asset managers.“We have not set the bar high enough,” he said. “As a result, the drift of regulation is such that making money will become more difficult.”Smith did concede that if profit-making became harder for asset managers and the broader financial services industry, the pace of global economic growth may slow down.He also raised concerns about the image of the industry to graduates, as well as gender balance and diversity within the industry.The institute said it wanted to focus on bringing greater gender diversity into the industry in the long term, citing increasing evidence that diversity within asset management firms may be beneficial to end investors.The investment management industry, Smith added, is resisting modernisation and the introduction of technology overall. “Regulators should enable the adoption of technology,” he said.last_img read more

Lampard, Ancelotti call for VAR ‘reflection’

first_imgFrank Lampard called for a “big reflection” on VAR at the end of the season after another controversial incident involving the technology in the midweek Premier League fixtures. Chelsea boss Frank Lampard Tottenham were controversially denied an equaliser against Sheffield United on Thursday when Harry Kane’s goal was chalked off for a dubious handball against Lucas Moura. In a Premier League season marred by debatable calls, Spurs boss Jose Mourinho, whose side lost 3-1, said he feared for the future of football if the system were not addressed. Chelsea boss Lampard, who played under Mourinho as a player at Stamford Bridge, said the goal should have stood. “It was certainly one where common sense could have been involved but if the rule book states something, then the handball is given,” he told reporters on Friday. “We need a big reflection at the end of the season. “VAR has improved us in ways but there are ways to improve it and I think a collective sit-down at the end of the season with everybody – referees, managers, players, anybody involved in football that loves the game can have an input to try and get it closer to where we want to get it to.” Everton boss Carlo Ancelotti also called for a review of the rules. “It was a really, really complicated and difficult decision,” he said. Loading… “I think the decision they have made comes from the rules that there are in place in this moment and so maybe at the end of this season we can think if it’s possible to change this type of rule but in this moment it’s like this and we have to respect the rules.” Chelsea’s defeat at West Ham ended a run of three successive Premier League wins and means victory against struggling Watford at Stamford Bridge is vital in the race for Champions League spots. Chelsea, in fourth spot, are just two points ahead of Manchester United and Wolves. Lampard challenged his players to restore the mentality that underpinned the good run that preceded Wednesday’s lacklustre 3-2 loss. “Every game now is going to be tough,” said Lampard. Tottenham striker Harry Kane reacts after having a goal disallowed by VAR Read Also: Former Barcelona president worried about Lionel Messi exit “If we go into it with the right attitude that we approached games like Aston Villa and Manchester City, and Everton and Liverpool before the break, then I have real belief in us. “It’s about getting our mentality right, keeping freshness in the players between games and having a real desire to achieve want we want.” FacebookTwitterWhatsAppEmail分享 last_img read more

West Brom complete signing of ex-Chelsea defender

first_img Loading… West Brom marked their return to the Premier League with a 3-0 defeat to Leicester on Sunday. Promoted ContentThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Non-Obvious Things That Damage Your Phone13 kids at weddings who just don’t give a hoot7 Mind-Boggling Facts About Black HolesEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouTop 7 Best Car Manufacturers Of All TimeThe Funniest Prankster Grandma And Her GrandsonThe 10 Best Secondary Education Systems In The WorldWhat Is A Black Hole In Simple Terms?Best Car Manufacturers In The WorldThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical7 Universities In The World With The Highest Market Value West Brom on Tuesday announced the signing of former Chelsea defender Branislav Ivanovic, who arrives at the Hawthorns on a free transfer from Zenit St Petersburg. The Serbia international won three Premier League titles and the Champions League during his nine-year spell at Stamford Bridge, which ended in 2017.center_img Read Also: Lampard reveals injury update on Werner ahead of Liverpool crackerWest Brom boss Slaven Bilic said: “He’s a great addition for us, a team who are newly promoted in the Premier League. He ticks all the boxes for us.“He’s done everything in his career — it’s been magnificent. We’re delighted. He adds quality and experience on the pitch and off the pitch.”FacebookTwitterWhatsAppEmail分享 “The Premier League is the best league in the world,” Ivanovic, 36, told the club’s official website. “I need to challenge myself and I am ready for the challenge. I am really happy to be back playing in the Premier League.”last_img read more is BACK!

first_imgWe apologize to our fans, drivers, and sponsors for a major website outage over the past week. Unfortunately our entire site was lost due to a server malfunction and we had to build it from scratch. We have restored the major features of the website and will continue to update throughout the week of the 2013 Speedway Motors IMCA Super Nationals fueled by Casey’s General Stores and after. Thanks for hanging with us and we hope you enjoy the new website.last_img

Bubak goes back-to-back at Lubbock Wrecker Sprint Ntl’s

first_imgThe Hambelton Racing Dash for Cash saw the top-six in combined points from Thursday and Friday’s preliminary events duel for a starting position in the first three rows of the big dance on Saturday night. Jason Martin used the high-side to make a pass on Bubak to win the Dash for Cash, earning him the pole starting position and an extra $300.  Jake Bubak repeated as winner of the Dodge City Raceway Park Lubbock Wrecker Service Sprint Nationals. (Photo by Lonnie Wheatley) Martin and Bubak set the pace for the 30-lap feature event. Martin took advantage of the pole position, snagging the lead ahead of Bubak and Zach Blurton. A caution flew on lap seven and the restart saw Blurton advance to second before snagging the lead from Martin on lap 10.  Bubak remained in contention and snagged the lead from Martin on lap 25. Martin continued to challenge for the lead but time ran out as Bubak won his second consecutive Sprint Car Nationals at DCRP. Bubak slid into second just past halfway but Martin prevailed and claimed the lead back from Blurton. center_img Martin settled for second while Blurton, Taylor Velasquez and Jordan Knight rounded out the topfive.   DODGE CITY, Kansas (Aug. 22) – The Lucas Oil POWRi United Rebel Sprint Series Presented by Mel Hambelton Ford Racing took to the finale of Dodge City Raceway Park’s Lubbock Wrecker Service Sprint Car Nationals on Saturday night. Jake Bubak claimed his second Sprint Car Nationals Championship after prevailing from a three-IMCA RaceSaver Sprint Car battle to lead the final five circuits of the 30-lap feature event and earning $5,170 for the three-day weekend. Feature results – 1. Jake Bubak; 2. Jason Martin; 3. Zach Blurton; 4. Taylor Velasquez; 5. Jordan Knight; 6. Jeremy Huish; 7. Chase Randall; 8. David Luckie; 9. Luke Cranston; 10. Ray Seemann; 11. Blake Scott; 12. J.D. Johnson; 13. Jake Martens; 14. Vance Wofford; 15. Steven Richardson; 16. Tyler Knight; 17. Brett Becker; 18. Ross Essenburg; 19. Larry Neighbors; 20. Ty Williams; 21. Monty Ferriera; 22. Cody Lampe.last_img read more

Uruguay down Uzbekistan

first_imgMontevideo, June 8: Uruguay’s national football team bid farewell to their fans at the Centenario Atadium here with a 3-0 win over Uzbekistan, which included goals from Giorgian De Arrascaeta, Luis Suarez and Jose Maria Gimenez.Uzbekistan were left with 10 players after Akromion Komilov’s 79th-minute dismissal for a tough tackle on Carlos Sanchez.The team, coached by Oscar Washington Tabarez, will leave on June 9 for the World Cup.World Cup-bound South Korea had plenty of possession and chances in an international friendly against Bolivia here, but the contest ended 0-0. IANSlast_img read more

Williams, Walker carry load as Florida State survives Orange

first_imgFlorida State won despite playing without Vassell, its leading scorer at 13.4 points. He was benched for undisclosed reasons by coach Leonard Hamilton. Vassell was on the bench throughout the game.UP NEXTSyracuse: will play at No. 5 Louisville on Wednesday.Florida State: will host Pittsburgh on Tuesday. The Panthers defeated the visiting Seminoles in the season opener on Nov. 6. ___ Williams, Walker carry load as Florida State survives Orange Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditTALLAHASSEE, Fla. (AP) — Patrick Williams scored 17 points and pulled down seven rebounds as No. 8 Florida State played without star guard Devin Vassell and held off Syracuse 80-77 on Saturday.M.J. Walker scored 16 points, including five 3-pointers, as the Seminoles (21-4, 11-3 ACC) won their 20th straight home game.Elijah Hughes added 25 points and four rebounds, playing all 40 minutes as he returned from a groin injury that limited him to 3 minutes in Tuesday’s game against NC State. Hughes missed a 25-footer that went off the rim and would have tied the game in the final seconds. February 15, 2020 Joseph Girard scored 22 points and grabbed seven rebounds for Syracuse (14-11, 7-7), which has lost four of its last five games.Trent Forrest scored 13 points, making two free-throw attempts with 8.5 seconds to go for FSU. RaiQuan Gray also had 10 rebounds as the Seminoles has a 47-29 edge on the boards.Led by Williams’ 17 points, Florida State’s bench outscored Syracuse’s reserves 41-13.BIG PICTURESyracuse’s Buddy Boeheim, who averages 16.3 points per game, was held without a point on 0 of 7 shooting (and 0 of 5 from beyond the 3-point arc). The Orange shot just 7 of 25 (28 percent) from 3-point range. For more AP college basketball coverage: and read more

Soccer tries to end losing streak

first_imgGREG DIXON/Herald file photoIn its second Big Ten game, the UW men’s soccer team hopes to record its first conference victory against the Wolverines.After a heartbreaking defeat to Indiana last weekend, Wisconsin hopes to get back on track Saturday at the McClimon Soccer Complex. The The Wolverines (5-2-1) will be playing their first Big Ten game this season.Heading into the match, the Badgers appear to be slipping a bit after a 4-0-1 start to the season. After a 1-0 loss to Binghamton, the Badgers lost 3-2 to the Hoosiers last Sunday, giving up a goal in the 94th minute of play. But despite the heartbreaking loss, head coach Jeff Rohrman is still pleased with how his squad is playing.“I was pleased with the effort and the grit that our guys showed,” Rohrman said. “If we can bring that on Saturday against Michigan, we’re going to have a pretty good day.”Saturday’s game will not be an easy one for the Badgers. In addition to recording two shutouts on the season, including their last game against Oakland, the Wolverines also bring one of the Big Ten’s best offenses. Led by Mauro Fuzetti, Jake Stacy and Perica Marosevic, the Wolverines have tallied 22 points in the eight games thus far. Against Detroit, Fuzetti recorded a hat trick en route to a 5-0 rout of the Titans.After giving up three goals against Indiana, the Badgers know they will have to shut down Michigan’s powerful trio to come out on top. “We’re going to have to just try to contain them and minimize their looks,” Rohrman said. “If we’re straight up and honest with our defending and can catch those guys in the right spots, I think we’re going to be just fine.”If Wisconsin has trouble stopping the Wolverines’ attack, they will have to rely on some help from the team’s offense. The offense is usually led by senior forward Victor Diaz and junior striker Pablo Delgado, but the Badgers have received major contributions from some unheralded players recently.  When Diaz, the leading scorer on the team thus far, failed to record a point against the Hoosiers, teammates Taylor Waspi and Scott Lorenz both recorded goals for UW last Saturday.The offense, according to Rohrman, appears to be on track.“I thought we scored some great goals, and I thought we created some chances,” Rohrman said. “I think they felt decent about the effort and the fact that we did do some good things.”The contest against the Wolverines should give a further indication of the progression of the offense. After failing to score against Binghamton in a 1-0 loss, the team’s offense appears to be in good form heading into Saturday’s matchup.“They feel pretty good overall, but at the same time they’re ready to rebound against Michigan,” Rohrman said. “Hopefully we can get our first victory.”Despite coming up short against IU last weekend, there were some positives to be taken from the defeat. After being down 1-0 and 2-1, the Badgers quickly scored both times to even up the score. Playing their best in the face of adversity can only be an asset to the Badgers in the midst of their first losing streak of the season.“When we are down, I think it’s a reflection of the maturity and experience we have,” Rohrman said. “They didn’t get very rattled, which is a good sign.”last_img read more

Return of Troy

first_imgRalf Cheung | Daily Trojan Interim head coach Ed Orgeron made his USC coaching debut on Thursday at the Coliseum in a 38-31 victory over the University of Arizona Wildcats. The game was the Trojans’ fourth victory of the season. Read the full game recap on page 12.last_img

Syracuse announces 4 captains for 2015 season

first_img Published on August 29, 2015 at 8:43 pm Contact Connor: | @connorgrossman Facebook Twitter Google+ Syracuse head coach Scott Shafer announced on Twitter that senior offensive lineman Rob Trudo, sophomore linebacker Zaire Franklin, junior defensive end Luke Arciniega and senior quarterback Terrel Hunt are SU’s captains this season. Trudo is slated to play center this season after starting nine games at left guard and two at right guard last season. The 6-foot-4, 301-pound center played in all 12 games last season.AdvertisementThis is placeholder textThe sophomore Franklin is the youngest of the four captains, and last season he led all of SU’s freshmen with 44 tackles. He appeared in all 12 of the Orange’s games last season and started the final three.Arciniega originally transferred from Sierra College after the 2012 season, and appeared in only four games last season due to a lower-body injury. The NCAA recently granted him two extra years of eligibility ahead of his third season with SU.Despite an on-field incident last year when Hunt when was ejected for punching a Villanova defender, he was selected as a captain in his final season with SU. He started only five games last season before suffering a season-ending injury against Louisville on October 3.Syracuse begins its season Friday at home against Rhode Island. Commentslast_img read more