Category: vxdkvnuqpinmtwmz

Category: vxdkvnuqpinmtwmz St Modwen profits swell

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Category: vxdkvnuqpinmtwmz Houses of correction

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Category: vxdkvnuqpinmtwmz PREMIUMKampungs join pioneering program to make Jakarta waste-free

first_imgGoogle LOG INDon’t have an account? Register here In a city with an ingrained littering habit, urging people to bring their own shopping bags or basket for shopping will raise brows.But the residents of Kampung Muka in Ancol, North Jakarta, are familiar with such calls, which have motivated them to spread the habit. One such resident is Maonah, 47.Speaking at a sharing session on Saturday at the unfinished community unit (RW) 04 office, Maonah said that she always brought her own basket with her when shopping for vegetables and other daily necessities from street vendors.“At first, my neighbors thought the practice odd. But as time passed, they started to see it positively,” she told The Jakarta Post on Sept. 15.Maonah added that she also saved money, since it helped her to stop buying packaged products.“When I caught a cold, I made a cup o… Forgot Password ? Topics : Linkedin Log in with your social account Facebook WasteManagement household-consumption waste-reduction recyclelast_img read more

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Category: vxdkvnuqpinmtwmz Nordic pension funds lament reporting impact on asset allocation

first_imgTwo Nordic pension funds have said regular reporting is impacting their ability to make effective asset allocation decisions designed for improving long-term performance.Speaking at Fund Forum in Monaco, representatives from Finnish pension fund Ilmarinen and Sweden’s SEB Pension said the nature and necessity of regular market updates led them to account for such measures at the expense of better strategies.Kerstin Lysholm, portfolio manager at SEB Pension, said that, despite investing for pension schemes with long-term horizons, competitors poaching clients using performance data hampered its ability to attract savers.“Our competitors run around with peer comparisons that show one-year performance, sometimes three years – and to make it worse, it is updated in the media on a monthly basis,” she said. “So, even though we believe we can do something very well, and clients have several economic cycles to go through, the likelihood is we do not get client money during these periods of underperformance.”She said this had led the pension provider to make allocation decisions based on short-term risks.“Short-term peer comparisons have a huge impact on our asset allocation decisions, and that is in tactical asset allocation and long-term strategies,” she said.Ilmarinen, the €33bn pensions mutual insurer, which manages around 80% of its assets in-house, said it faced similar issues, despite not being a commercial manager.“We publish results on quarterly basis, which is much too often for a pension fund,” said Staffan Sevon, head of tactical allocation at the mutual.“Our solvency depends not only on our liabilities and also on the average solvency in the system. So, even if you have a good return, your liabilities increase because of this, which makes allocation decisions tricky.”However, he said, internally, when asking questions about performance, the investment management arm said the guiding of expectations was essential.“If you have investment decisions that seem like a good idea and you have good arguments for them, and you document these arguments, then you have a significantly longer time period – you can guide expectations,” he said.“Even though it’s internal, it is a marketing issue.”Sevon also said the fund’s decision to bring the hedge fund strategy in-house was motivated by cost and control issues.The fund, as part of its 80% of internally managed assets, now only has a 1.3% exposure to external hedge funds.He said Ilmarinen’s strategy was to run all assets from Finland whenever a local presence was not essential.last_img read more

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Category: vxdkvnuqpinmtwmz People moves: SPP creates CEO role; TPT bolsters leadership team

first_imgTPT Retirement Solutions (TPT) – A UK pension provider has strengthened its leadership team as the growth in defined contribution (DC) assets continues to accelerate. Philip Smith joins as DC director, at a time when TPT has seen its DC assets climb to £1.6bn (€1.8bn) and DC membership more than double over the last five years to more than 240,000.Smith joins from PwC where he served most recently as head of DC. He brings more than 30 years of experience and previously held senior roles with Buck Consultants, Opus Holdings and Health Group.He will be joined by Joy Mahon who moves from Aviva to become TPT’s new head of DC. Mahon brings more than 15 years of experience in pensions having previously helped the likes of Aon and Willis Towers Watson successfully develop their pension offerings.Mike Ramsey, TPT’s chief executive officer, said: “The DC arm of TPT is becoming an increasingly important part of the business and as a leading provider of workplace pension schemes, it is important we have an offering that is up there with the best in the industry.”Barnett Waddingham – The pensions and investment consultancy has hired Amanda Latham, previously at the UK’s pensions regulator, to lead its development of firm-wide policy on key industry issues, overseeing the production of research reports, policy briefings and blogs.At The Pensions Regulator, where she worked for nearly nine years, Latham’s focus was on governance and investment, with Barnett Waddingham describing her as having led “complex policy projects including defined benefit consolidation, building new regulatory frameworks for superfunds and collective defined contribution schemes, and setting standards for professional pension trustees”.She is also co-founder of the Young Pension Trustee Network, a group for young and aspiring trustees to share experiences and develop skills to promote a more inclusive and diverse industry.CoreLife Investors – Stuart Grant, the managing director of Stanhope and former Blackstone partner, is to leave the company in the summer to establish a new real estate investment and asset management business. The new firm, CoreLife Investors, will be a London based, value-driven, real estate investment and asset management platform with a particular focus on life-science innovation clusters and core-plus opportunities.The chair and strategic advisor for the new platform will be Graham Stanley, formerly the founder of the prolific real estate private equity firm Moorfield and a former JV partner of Blackstone’s.Grant has been Stanhope’s managing director and a board member since 2018 when he joined directly after spending 18 years at Blackstone where he was a senior managing director helping oversee its Asia Pacific business.Industriens Pension — Danish labour-market pension fund Industriens Pension has appointed Peter Juhl Nielsen as director in its unlisted investments department. He joins the firm from his current role as head of alternatives and private equity at Danish property foundation Realdania, where he has worked for 11 years.At Industriens Pension, Juhl Nielsen is to have a key role in private equity, infrastructure and property funds, reporting to the head of unlisted investments, Jan Østergaard.Industriens Pension’s investment department has undergone a number of changes since its CIO Karsten Kjeldsen left to become CEO of the Danish Teachers’ Pension Fund (Lærernes Pension) in November. After he was replaced by the fund’s former head of listed investments Peter Lindegaard, Industriens Pension then split its listed investments department, creating separate teams for equities and bonds.Juhl Nielsen will take up his new role by 1 May, Industriens Pension said.SH Pension – Catrina Ingelstam, chair of the supervisory board of Swedish pensions buffer fund AP6, has taken over as acting CEO of SH Pension’s investment funds arm Svensk Handel Fondförsäkring.She is replacing the previous CEO Kjell Björk, who is leaving the role now that the fund’s subsidiary is merging with SH Pension – the SEK6bn (€567m) mutual trade-sector pension fund – and is to apply to operate under Sweden’s IORP II regulatory regime rather than to be within the scope of the Solvency II framework, as it had previously planned.Björk said the idea had always been that his assignment would end when this came about. Ingelstam has held senior positions at Skandia, AMF and Folksam, and currently runs her own consulting business. She also has a number of non-executive board positions including that of chair of AP6, the national pensions buffer fund specialising in private equity.HSBC Global Asset Management – Patrice Conxicoeur has been appointed CEO Singapore and head of South East Asia, subject to regulatory approval. He is moving from Japan where he is currently CEO of HSBC Global Asset Management (Japan).In his new role, Conxicoeur is tasked to lead and expand HSBC Global Asset Management’s business in South East Asia with specific focus on key markets such as Singapore, Malaysia, Indonesia, Thailand and the Philippines. He has deep knowledge of and nearly 30 years of extensive experience in the asset management industry.Before assuming his current role in Japan five years ago, Conxicoeur held various senior roles at HSBC Global Asset Management, including global head of insurance coverage and head of institutional business in Asia Pacific. Prior to that, he was CEO of Sinopia Asset Management, Asia-Pacific.In Japan, Masayuki Kaneko will step up as CEO, replacing Conxicoeur. Masayuki, who is currently deputy head of global banking and head of Financial Institutions Group (FIG), The Hongkong and Shanghai Banking Corporation Limited in Japan, joined HSBC in 2013.Both Kaneko and Conxicoeur will report to Pedro Bastos, ceo for Asia Pacific. Conxicoeur will also report to Anurag Mathur, head of retail banking and wealth management in Singapore, while Kanekoi will also report to Edward Weeks, CEO for the HSBC Group in Japan.Movestic – Robert Edberg has been appointed as head of distribution and sales at Swedish pension provider Movestic, replacing Michael Gunnarsson, who is ending his long-term consultancy work for the firm.Edberg has previously been CEO of savings and insurance advice firm Hjerta as well as CEO of SH Pension’s fund management arm Svensk Handel Fondförsäkring. He has also been a member of the board of the Swedish Insurance Brokers’ Association.Edberg has had a business development assignment at Movestic since last summer, the firm said.Royal London – Candia Kingston has been appointed as chair of the mutual’s investment advisory committee (IAC), having joined it as an independent member in December 2018. She takes on the role following the departure of Julius Pursaill, who was IAC chair for six years.Kingston has more than 20 years of experience in the UK pensions and investment industry and holds professional trustee roles at Capital Cranfield Trustees and Scottish Pension Trustees. She has chaired several trustee boards and has worked with schemes ranging from £3m to £6bn. She is the second independent member out of a team of five pension and investment experts on the IAC.Jupiter Asset Management – The asset manager has hired Christopher Smith as a fund manager on its UK growth strategy. He will join Jupiter in June and will take over the management of the £958m Jupiter UK Growth Fund at the end of that month. He will succeed manager Steve Davies, who is leaving the company to pursue other opportunities. Equities analyst James Moir, who has worked with Davies on the fund since 2017, will bring continuity for investors, enabling a smooth transition between managers.Smith will join from Newton Investment Management where he has worked for nearly 10 years, starting out as a global oil and gas research analyst before becoming a UK equities research analyst in 2016. In January 2018 he took on lead responsibility for the Newton UK Opportunities Fund as portfolio manager.iM Global Partner – The firm has appointed Philippe Uzan as deputy CEO and CIO asset management. He will be in charge of managing the iM Global Partner fund platform and in particular the OYSTER fund range.Based in Paris, Uzan will be in charge of the management of the Luxembourg SICAV fund range – representing €2bn in assets under management – and will be responsible for the selection and monitoring of the strategies chosen by iM Global Partner to sub-delegate the financial management of its funds.Uzan has more than 25 years of experience, primarily in asset management. He joins after more than 11 years at Edmond de Rothschild Asset Management where he was CIO and member of the executive committee. He previously held various operational positions in other asset management companies such as Natixis Asset Management and AGF (Allianz Group).First State Investments – Amanda Tibbett has been appointed chief marketing and communications officer and Bachar Beaini managing director for the Americas.Tibbett, based in Sydney, has been managing the rebrand of the business in Australia for the past nine months and in her new role will take on the management of the marketing, communication, digital and brand functions globally. Prior to First State Investments, she was head of marketing and digital, Asia Pacific at Fidelity.Beaini has held roles in various regions since 2004. In July last year, he was appointed to the regional managing director role in an acting capacity, and was responsible for management and coordination of the business in North America as it transitioned in ownership.BMO Global Asset Management – BMO has added to its fiduciary team in Europe with the appointment of Marco Smelter. Reporting directly to Bart Kuijpers, managing director and head of fiduciary investment in Netherlands, Smelter joins the team as director, portfolio manager for multi management, and has co-responsibility for portfolio construction, research and monitoring of external fund managers.He was most recently at Corestone Investment Managers, and before that at Theta Capital Management and MN Services (now MN).Pension Protection Fund (PPF) – The UK’s defined benefit lifeboat fund has hired liana Lazarova as a senior ESG analyst. Her expertise is in carbon, climate and renewable energy. Before joining the PPF, she was an analyst with Trucost, now part of S&P Global.Kempen Capital Management – Arif Saad has been hired as senior strategist within the firm’s London-based investment strategy team, responsible for advising British pension schemes on the management of their bespoke strategic and dynamic investment strategies, and the oversight of their asset-liability risks.He joins from Legal & General Investment Management, where he most recently worked as fiduciary manager. Before that he was an advisor to trustees of pension schemes within Mercer’s investment consulting business.State Street Global Advisors –  Kim Hochfeld has been appointed senior managing director and global head of the asset manager’s cash business, within its global institutional group. She was most recently with Morgan Stanley Investment Management, where she was a managing director and head of liquidity distribution for EMEA and Asia. At SSGA she will be responsible for all client-facing activities including sales, strategy, operations and services on behalf of the firm’s cash management client base across the Americas, EMEA and Asia Pacific.Law Debenture – Sally Minchella has joined the firm’s pension trustee team as a director. She joins from Willis Towers Watson, where she worked for 19 years, and has particular expertise in funding, de-risking, scheme re-structuring, offshore arrangements and corporate activity. SPP, TPT, Barnett Waddingham, CoreLife, Industriens Pension, SH Pension, HSBC, Movestic, Royal London, Jupiter, iM Global Partner, First State, BMO, PPF, Kempen, SSGA, Law DebentureSociety of Pension Professionals (SPP) – The representative body for the wide range of providers of advice and services to work-based pension schemes and to their sponsors has appointed Fred Emden as its new CEO, a new role that has been created this year. Prior to joining, He spent more than eight years as deputy CEO of the Royal College of Obstetricians and Gynaecologists (RCOG). Before joining the RCOG, he was deputy CEO of the Scottish Ballet.Emden will work with the president and the council to formulate and regularly review SPP’s strategic priorities and objectives to ensure that appropriate mechanisms are in place to deliver value to members, including planning and delivery of member events and other benefits.Paul McGlone, SPP president, said: “With numerous pension initiatives having been delayed due to Brexit, 2020 looks set to be an extremely busy year for pensions. Our proactive engagement with the pensions industry will seek to help our members help their clients, and ultimately pension savers.”last_img read more

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Category: vxdkvnuqpinmtwmz 100-strong crowd forces impromptu Moorooka bus stop auction

first_imgThis renovated house at 6 Robinson St, Moorooka has sold under the hammer for $1.15 million. Photo: suppliedThe first onsite auction for Ray White New Farm since the COVID-19 lockdown was not supposed to be held at a bus stop – but, when more than 100 people turned up for the auction, agents had no choice but to take it out on the street. Mr Cush calls the auction from the nearby bus stop.With only 20 people permitted onsite at any one time for open homes and auctions in Queensland right now – and a large crowd, including nine registered bidders, turning up in the rain – Ray White auctioneer Haesley Cush set up proceedings off the property at a nearby bus stop.MORE Did HomeBuilder bring the crowd? This is what Robinson St, Moorooka usually looks like. Photo: Debra Bela On Saturday it looked like this. The house going to auction was the white house on the left. Photo: Debra BelaBy the time the bus turned into neighbouring Hamilton Rd, Mr Cush had another $20,000 bid on top of the $960,000.“He had a little bit more time to think about it,’ Mr Cush said of the bidder. “I’m looking for a million now.” Coronavirus forces major swing in Aussie attitudes Nine registered bidders were in the crowd with five active during the auction.They hadn’t crossed the border for the auction, but were once stationed in South Australia.“I worked as a teacher in South Australia but I’ve been here for eight years,” the successful bidder said. “We live in Camp Hill”. SEE WHAT ELSE IS FOR SALE IN MOOROOKA The bus does not pick up any passengers but stops for several seconds at the intersection before turning right into Hamilton Rd, Moorooka.When the 116 bus from Rocklea pulled into the stop, Mr Cush had his mum’s umbrella in one hand and a whopping $960,000 bid in the other.“Here comes the competition,” he said, pausing the auction of 6 Robinson St, Moorooka to let the bus pass. The house at 6 Robinson Rd, Moorooka. Photo: supplied. With people still arriving, real estate agents decided to relocate the auction to the street to adhere to social distancing requirements.When the hammer finally went down, the five-bedroom renovated Queenslander sold for $1.15m to a couple that had been sheltering under an umbrella emblazoned with the logo of South Australia’s Pulteney Grammar School. The house was styled by Brushed Interiors. Photo: suppliedIt was Mrs Mewing’s home staging company that set up the property before auction.Ray White New Farm agent Meaghan Bakker had no doubt that the staging made a difference when it came to attracting buyers’ attention.“There’s no question it was the presentation of this home,” she said. “It was straight out of the pages of a magazine.” Mrs Mewing with her son at 6 Robinson St, Moorooka. Photo: supplied FOLLOW US ON FACEBOOK Ms Bakker said the staged home attracted people who had been looking elsewhere previously.“The majority of our buyers including the successful (bidder) were people who hadn’t necessarily considered Moorooka before,” she said.For the auctioneer, Haesley Cush, there was a touch of nostalgia being in the suburb too.“Mum used to own Ray White Moorooka, and she’s actually working for us today,” Mr Cush said. The kitchen at 6 Robinson St, Moorooka. Photo: suppliedThe 102-year-old Queenslander the couple bought was one of 42 properties that went to auction across Brisbane over the weekend.More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours agoParks and wildlife the new lust-haves post coronavirus9 hours agoThe vendors Andrew and Megan Mewing had bought the property in 2014, getting local builders, Grayhaus, to undertake a full renovation.last_img read more

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Category: vxdkvnuqpinmtwmz Saudi King names new successor in gov’t shakeup

first_imgIt added that Moqren, 69, was also relieved of his position as deputy prime minister in the world’s largest oil exporter, but insisted “he will always remain in high regard”. Related Saudi king to deliver speech in Egypt’s parliament Saudi Arabia strikes Yemen Rebels The decree named “Prince Mohammed bin Nayef as crown prince” as well as deputy prime minister and said he will continue in his position of interior minister and head of the political and security council, a coordinating body. Saudi King has ‘full confidence’ in Egypt security Saudi Arabia’s King Salman on Wednesday named his powerful interior minister as heir in a generational shift that also saw one of his sons promoted to second in line to the throne.By making Interior Minister Mohammed bin Nayef, 55, crown prince and Defence Minister Mohammed bin Salman, 30, deputy crown prince, King Salman has effectively decided the line of succession for decades to come in the world’s top oil exporter.A royal decree removed Crown Prince Moqren bin Abdul Aziz bin Saud as next in line to the throne and replaced him with Prince Mohammed bin Nayef, who headed a crackdown on Al-Qaeda in the oil-rich kingdom a decade ago.“We have decided to respond to his highness and what he had expressed about his desire to be relieved from the position of crown prince,” said a statement from the royal court, carried by the official Saudi Press Agency.last_img read more

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Category: vxdkvnuqpinmtwmz Lady Wildcats Get Wins Over Lady Lions

first_imgThe Franklin County Lady Wildcats defeated The Rushville Lady Lions in Varsity Volleyball action 25-16, 25-15, 25-13.It was a great night for the Lady Wildcats as they defeated the Rushville Lions in 3. They came together and played very well as a team. The team had 20 ace serves, 38 kills, 29 assists, and 16 digs. It was a true team effort. Way to go Lady Wildcats.The team is back in action Thursday night as they travel to Cambridge City Lincoln.Courtesy of Wildcats Coach Tanya Wirtz.The JV Lady Cats defeated EIAC Rushville Lions in 2 sets 25-24, 25-15.Jalynn Rogers lead the team with 4 ace serves. Charlotte Barrett lead the team with 4 digs. Sydney Graf lead the team with 5 kills. Lilli Stewart had 2 aces and 3 kills. Rachel Bischoff and Makyah Richardson also added 3 kills each.‘This team is ready to play some ball now. They showed a lot of heart tonight. I’m looking forward to tomorrow’s matchup against Cambridge City Lincoln, there, @6. This brings the JV record to 5-3 for the season.’ Wildcats Coach Jill Mergenthal.last_img read more

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Category: vxdkvnuqpinmtwmz Healy to miss Six Nations opening

first_imgIreland prop Cian Healy will miss the start of the RBS 6 Nations after being ruled out for eight weeks because of surgery on his right ankle. Press Association “Cian had ankle surgery on Wednesday so he’s unavailable for about eight weeks. He’s doing good but he won’t play for a while,” Leinster coach Matt O’Connor said. Healy had surgery on his left ankle during the summer to correct an injury sustained on the British and Irish Lions tour to Australia and has made just four appearances for Leinster this season. center_img Healy withdrew from Leinster’s starting XV shortly before kick-off of last weekend’s 40-7 Heineken Cup win over Northampton and had already been declared unfit for Saturday’s return fixture in Dublin. The two-month time-frame means the opening fixtures against Scotland and Wales appear too early for his return, but he could feature against England on February 22. last_img read more

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Category: vxdkvnuqpinmtwmz Defending champ Shamim Khan dominates round 3

first_imgA CORRESPONDENTDIGBOI : Delhi’s Shamim Khan strengthened his claims for a title defence at the IndianOil Servo Masters Golf 2018 after he fired the tournament’s best round of seven-under-65 on day three that catapulted him into a commanding four-shot lead at 11-under-205 at the Digboi Golf Links.Kolkata’s Mohammad Sanju, the halfway leader by four shots, dropped to tied second at seven-under-209 after posting a score of 76 on Friday. Sanju was joined by Chandigarh’s Harendra Gupta (72) and Noida’s Gaurav Pratap Singh (69) in tied second.Shamim Khan (70-70-65), who was seven shots off the lead in tied fourth at the halfway stage, had a sedate front-nine on Friday as he exchanged two birdies for a bogey. The 40-year-old reigning PGTI Order of Merit champion then began turning on the heat on the back-nine as his putter was on fire.Khan, a two-time champion in Digboi and the current holder of the trophy, picked up a birdie on the 11th and followed that up with an astonishing streak of five successive birdies from the 13th to the 17th to emerge as the prime contender for the title.Meanwhile, Mohammad Sanju, the leader for the first two days, slipped one spot to tied second after signing for a 76. He was one-under through the front-nine but then conceded five bogeys on the back-nine as a result of a number of missed putts from short range. Harendra Gupta too missed a lot of opportunities on the greens during his round of 72 that featured three birdies, a bogey and a double-bogey. Gupta, sole second after round two, is now tied for second. Gaurav Pratap Singh moved up two places to tied second thanks to a round of 69 which saw him make six birdies and three bogeys. Om Prakash Chouhan (70) of Mhow was in fifth place at six-under-210. Also Read: Sports Newslast_img read more

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