Cap & Reg buys MWB fund arm

Cap & Reg buys MWB fund arm

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Continue Reading

Cesc Fabregas hits out at Chelsea board as Maurizio Sarri secures Europa League win over Arsenal

first_imgAdvertisement Chelsea beat Arsenal to win the Europa League (Getty Images)‘For example tonight we’re talking about negative things when they’re in a European final.‘We should be talking about what a good season Chelsea are having.‘Being in the Champions League and playing two finals.‘So some things needs to change in this case for sure.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Cesc Fabregas is unhappy with the ‘negativity’ surrounding Chelsea (BT Sport)Cesc Fabregas admits he is unhappy with the ‘negativity’ surrounding Chelsea and has blamed the club’s hierarchy for not being more transparent with supporters.Maurizio Sarri guided Chelsea to a top-four spot in the Premier League and ended the season with a trophy as his side sealed a 4-1 victory over Arsenal in the Europa League final on Wednesday evening.But reports have claimed that Sarri will leave Stamford Bridge this summer, which means Chelsea would be looking for their third manager in as many years.‘From inside, all these years that I spent at Chelsea, sometimes there’s such a negativity surrounding the club for so many things,’ Fabregas told BT Sport.AdvertisementAdvertisementADVERTISEMENT‘[Jose] Mourinho leaves the club, have a fight. [Antonio] Conte leaves the club, they go to court. Cesc Fabregas hits out at Chelsea board as Maurizio Sarri secures Europa League win over Arsenal Advertisement Metro Sport ReporterThursday 30 May 2019 2:43 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link22Shares Maurizio Sarri’s future remains undecided at Chelsea (AMA/Getty Images)‘Some of the biggest legends playing for Chelsea in recent times, [Thibaut] Courtois, Diego Costa.‘The club doesn’t come out and tell things the way they are, so they just let the fans think whatever they want to think.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘They don’t have enough information and someone should come out every now and then and talk to the press, say what’s happening.‘If not there’s so many questions marks around the club and the press talk and talk and talk. It just brings negativity.‘It should be always positivity surrounding everyone at the club.last_img read more

Continue Reading

Pension funds in Unipension alliance see costs surge ahead of split

first_imgMP Pension’s business model was to build up a large capital buffer, enabling it to put a long-term investment strategy in place in spite of turbulence on the financial markets.Its solvency coverage increased to 1.26% at the end of 2015 from 1.08% a year before, according to the annual data.Meanwhile, AP’s solvency coverage grew to 1.4% from 1.2%, and PJD’s coverage rose to 1.61% from 1.35%.Each of the three pension funds, however, saw its total assets fall during the year and costs increase.In December, Unipension, set up by the three professional pension funds to manage their assets and administration collectively, announced that AP and PJD decided to quit the alliance and move their funds to Sampension.Commenting on the upcoming move, AP chairman Mette Carsted said in the annual report: “In Sampension, we can look forward to becoming part of an even larger joint company, with the economies of scale that will yield.”In 2015, MP Pension saw total assets fall to DKK112bn from DKK117bn.It is set to continue alone at Unipension from 1 January 2017, when AP and PJD will leave.AP reported that total assets fell to DKK9.2bn at the end of 2015 from DKK9.6bn, while PJD said total assets fell to DKK14.1bn from DKK14.7bn.Costs at MP Pension rose 1.7% in 2015 to DKK529 per member, but the two funds leaving Unipension saw much steeper rises in costs, with AP’s costs climbing 43% to DKK1,263 per member and PJD’s costs up 32% to DKK1,319.All three pension funds put the rise in costs down to extraordinary costs as a result of the termination of the cooperation at Unipension. The three Danish professional pension funds run by pensions manager Unipension saw costs surge by up to 43% last year because of their upcoming split as the smaller two prepare to shift their operations to rival provider Sampension.In their 2015 annual reports, the Architects’ Pension Fund (AP), the Pension Fund for Agricultural Academics and Veterinary Surgeons (PJD) and the Danish Pension Fund for MAs, MScs and PhDs (MP Pension) said pre-tax returns for the year fell to 5.1%, 4.7% and 4.4%, respectively, from 10.2%, 10.5% and 10.2% the year before.But their active investment management generated returns above the reference indices, the pension funds said.Egon Kristensen, chairman at MP Pension – largest of the three schemes – said:  “The pension fund produced a competitive return for members once more in 2015.”last_img read more

Continue Reading

More than a quarter of all Australian households are renting

first_imgMore than a quarter of all Australian households are rentingACCORDING to new analysis by the Australian Housing and Urban Research Institute, more than a quarter of all Australian households are renting.That’s about 2.1 million households.It said the private rental sector had grown by 38 per cent in the 10 years to 2016 and it predicts that level to increase.“This growth looks set to continue, largely due to a long-term decline in access to home ownership, particularly among younger and midlife age cohorts, because of high house prices and contraction of the social rental sector,” the research institute said.Real Estate Institute of Queensland Far north zone chairman Tom Quaid said the Cairns city area continued to stand out for its quick turnover in rental properties.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“Rental vacancy rates remain tight, with the added pressure on supply seeing landlords able to increase their rents in many cases,” Mr Quaid said.“Landlords remain in the box seat for the time being, particularly around the CBD and tightly held city fringe pockets where supply has been the most affected.“The $300-$500 per week range would be the most popular.”As Mr Quaid has mentioned previously, there was not enough stock available in Cairns at present.“Cairns has seen very little new construction over the past decade, and combined with steady population growth and the growth of Airbnb in our tourist-driven market, rental stocks are stretched,” he said.last_img read more

Continue Reading

Iran LNG on hold under US sanctions impact

first_imgIran’s plans to set up a liquefied natural gas (LNG) export terminal have hit a roadblock impacted by the US sanctions. Speaking during an industry event in Singapore, Mostafa Sharif, general manager for market research and economic appraisal at National Iranian Gas Export Company said the sanctions have affected the construction of the liquefaction facilities, Platts reports.The project’s storage capacity as well as gas intake facilities have been completed and are available, however, the sanctions have stalled the construction of the liquefaction portion of the project.He added that the Iran LNG export project in the Pars Special Economic Zone could be revived once the sanctions are removed.It is not only the Iran LNG project that has been affected by the sanctions. Sharif added that talks with the likes of BP, Shell and Total on other LNG projects have also broken down.The Iran LNG export project has a planned capacity of 10.8 mtpa with two trains to be constructed initially and a planned expansion to four trains in total. LNG World News Stafflast_img read more

Continue Reading

Wanyama: Southampton move was right

first_img Press Association After two fantastic years in Glasgow, the highly-rated 22-year-old headed south of the border in July for a Scottish record fee of £12.5million. The move capped an incredible rise for the Kenyan, whose superb display in the famous 2-1 win over Barcelona was undoubtedly the highlight of his time at Parkhead. Victor Wanyama does not regret swapping Celtic for Southampton, despite seeing his former club handed a dream Champions League draw. “It was my decision after meeting with the chairman and the manager,” said Wanyama, whose brother McDonald Mariga plays for Parma in Serie A. “I was just happy with the things they were telling me and that’s why I chose Southampton. “The ambition of the club they had and I was just happy to come and join them. “It has been a little bit easier to get used to the change, because the teammates here have been really helpful and it has been easy for me to settle in.” Southampton have so far struggled with consistency in their second season back in the top flight. An opening day win at West Brom was the perfect start, yet it was followed up by a home draw with Sunderland and a loss against Norwich. Mauricio Pochettino’s side line-up next line-up against West Ham, whose physicality would seem to make this an ideal game for Wanyama. “I think it is going to be a hard game, but we are ready for it and looking forward to the challenge,” he said of Sunday’s match at St Mary’s. “We have been working hard and we had some good results, and also some bad ones, but I think we are still on track and looking forward to doing well. “I would say first is to just do better than last season and from there we will see what happens. I think that is possible.” Celtic again face the Spanish giants in this year’s Champions League group stage, which also sees Celtic face mouth-watering matches with AC Milan and Ajax. So, with such glamour ties coming up, would Wanyama preferred to have stayed on an extra year in Glasgow? “No, obviously Champions League they are good games, but it was time for me also to move on,” he said. “I will be just looking forward to support them. “I believe one day [Champions League football is achievable at Southampton]. Everything step by step and I believe one day we will be also there.” Wanyama’s Celtic departure during the summer looked inevitable, although Southampton did not always look like it would be his destination. Liverpool, Arsenal, Everton and Cardiff were all linked with the powerful midfielder, but it was Saints that were given permission to speak to him. Initial talks broke down following suggestions of issues with his representatives, but the impasse in discussions was finally broken and he penned a four-year deal. last_img read more

Continue Reading

Hughes proud of Stoke’s points haul

first_img Press Association Dyche said: “That has been a frustration all season, that is the reality of going up the levels, you have to take chances. “You have to make the big moments yours. Once again, generally it was a good performance, we defended well, we had good shape, good energy, created chances – got to take them. That’s the frustration this season for sure. “I am really proud of the players because that was a big knock last week. To come out that and deliver a performance on the back of that, I am very proud.” On Ings’ likely exit Dyche added: “I don’t think I need to say too much, not with his words but with his actions, certainly over the last two seasons. “It’s good to see his development, it looks like it won’t continue with us but we have played a big part in his development.” Manager Mark Hughes was proud of his Stoke players after they delivered a club-record points tally in the Barclays Premier League. Although the manner of the result which got them the record may have been uninspiring, Hughes took great pride at the achievement. “We got to 51 points, we are delighted with that, it’s a huge effort from everybody this year,” he said. “We got 50 last year and ninth position but we had to work harder for it this year for it, we’ve have had more injuries to key personnel that we’ve had to deal with but we have come though as a group and been really strong. “Today wasn’t anything like the level we hit last weekend, it was difficult conditions, I think everybody could see that. “In the end we just found a way to make sure we took something out of the game and thankfully results elsewhere went for us and we have confirmed ninth in the Premier League. “Back-to-back top 10 finishes is something this club hasn’t done for 40-odd years so it’s a real achievement and something we are all very proud of. Next year we will test them again and try and do better than we have this year.” It should be no surprise it ended goalless as Turf Moor has seen fewer goals than any other Premier League ground this season, with just 35, highlighting exactly where Burnley’s problems have been. Indeed a home campaign, which has seen a victory over Manchester City and draws with Manchester United and Tottenham, has been undermined with games Sean Dyche’s men have dominated but not been able to turn into wins. And a familiar tale unfolded as the hosts, missed a hatful of early chances to go in front, with Danny Ings particularly desperate to score in what looks like being his Turf Moor swansong. The Potters’ low-quality 0-0 draw at relegated Burnley took them to 51 points – the most they have ever registered in the seven years they have been in the Premier League – and also ensures successive top-half finishes in the top flight for the first time in 40 years. The record could have been brought up with a win, but Mame Diouf spurned two good opportunities to break the deadlock, while Jonathan Walters also missed a good chance for the Potters. last_img read more

Continue Reading

Jenea Knight saves the day!

first_img— Guyana upset Bermuda 2 – 0; Lady Jags to face Antigua and Barbuda todayJENEA Knight recorded both goals for Guyana (29th, 90+2) in their 2 – 0 upset-win over Bermuda, to start their CONCACAF U-20 Women’s Championships Group A campaign with three points, following Saturday evening’s entertaining encounter.The ‘Lady Jags’, as they are more commonly known, will play Antigua and Barbuda tonight at the National Track and Field Centre, the host venue for the tournament, from 20:30 hours, in an attempt to go sit on top of the five-team group.Prior to the game, Dr Ivan Joseph, Guyana’s head coach, at a pre-match press conference, confessed that Bermuda is by far the best team in Group A, and the game would’ve given him an idea of what are his chances of advancing; well, seems like his chances are very good.Dr Joseph started with Anissa O’Brien in between the uprights, along with Rylee Traicoff, Jessica Myers, Kiana Khedoo, Audrey Narine, Serena McDonald, Nailah Rowe, Tiandi Smith, Brianna Dessa and captain Jade Vyfihuis.The game was played fluently by both sides, but it was the Lady Jags who would get an early look on goal when Knight had her effort, which was hit hard, denied by the post.Both sides looked dangerous in the attacking third, but Bermuda found it difficult to really get the ball past O’Brien, who pulled off several crucial saves.The Hero! Jenea Knight scored both goals for Guyana in their 2-0 win over Bermuda in the CONCACAF U-20 Women’s Championship Qualifier at the National Track and Field Centre (Rawle Toney Photo)However, in the 29th minute, after a series of attempts which were saved by Zachary Turner, Knight would score after she pounced on the ball in a goal-mouth scrimmage.Bermuda’s Jade Stewart and Adia Gibson tried to keep the visitors in the game, but O’Brien was up to the task.Guyana ended the first half 1 – 0 and, given the level of play in the first half, the large crowd on hand was anxious for the resumption.It was poetry in motion watching the two sides go at each other, but never was different than the first half.Just when it seemed like the game was going to end with a single goal, Guyana broke the tight Bermuda defence with a beautiful display of touches, starting from the midfield and an excellent finish by Knight put the icing on the cake for the Lady Jags and handed them a much-deserved three points.“I thought we executed well in the final third. That game could’ve easily been 0 – 0 or 2 – 2. I’m pleased with the effort but it could’ve easily gone either way,” Dr Joseph told Chronicle Sport after his side’s win.“We got physically overturned in the centre of the park a little bit and our lack of depth was exposed. But hats off to Bermuda, thought they played a good game and we were lucky to come out with the three points,” the Lady Jags head coach said.Guyana will play Antigua and Barbuda tonight from 20:30 hours, after the St Lucia versus Bermuda encounter, and looking ahead, Dr Joseph reasoned that with the tight scheduling of the tournament, it’s important that the team simply go out and have fun.“It’s a tough game; we had people barely hanging on. I mean this game means nothing if we didn’t take care of business, not just for today’s match, but for the other games as well,” the Guyanese coach opined.last_img read more

Continue Reading

ESPN to feature Syracuse’s Midnight Madness in October

first_imgSyracuse’s Midnight Madness will be featured live on ESPN3 on Friday, Oct. 12, along with highlights and analysis coming on ESPNU, according to an ESPN press release Monday.The event that celebrates the start of the men’s and women’s basketball seasons has included scrimmages and dunk contests in the past. The Orange is coming off a 34-3 season in which it fell to Ohio State in the Elite Eight. SU must replace four key contributors from last season, including starting point guard Scoop Jardine, small forward Kris Joseph, center Fab Melo and sixth man Dion Waiters.The team will play two exhibition games before opening its season against San Diego State in the Battle on the Midway game in San Diego on Friday, Nov. 9. Comments Facebook Twitter Google+ Published on September 24, 2012 at 1:40 pm Contact Ryne: rjgery@syr.edulast_img read more

Continue Reading

Coming off disappointing season, pressure-free Syracuse expects to climb back to winning ways

first_imgLaughter echoed throughout the Carrier Dome as players posed for pictures at the Syracuse men’s lacrosse team’s media day. Eric DeJohn looked out into the distance as his teammates chuckled and shouted to the attack in approval.It’s already evident—this year’s team is going to be different.“The camaraderie’s huge,” midfielder JoJo Marasco said. “You look just as they’re doing interviews right away all the guys are laughing, and joking around and getting loud. And I think we’re very close as a team since the past couple of years and I think that’s why we’re going to have such a great season.”The Orange enters the 2013 campaign in an unfamiliar position. For years, and essentially the entirety of John Desko’s career as head coach, SU has been among the favorites to win the national championship. This season, though, the same expectation isn’t necessarily there.After a disappointing 9-8 season a year ago ending with a first-round exit from the NCAA Tournament, Syracuse begins the season ranked 14th in the country—a far cry from its usual spot in the top five.AdvertisementThis is placeholder textBut it has led to a different type of attitude. Usually there’s a certain swagger about the Orange as the team plays with a target on its collective back, but 2013 is different.SU is playing angry. Angry with its preseason ranking. Angry with how last season ended.“That season is always stuck in the back of everyone’s minds, so I think it’s something kind of motivating everyone is we don’t want to have another season like that,” defender Brandon Mullins said. “… Being ranked 14 is nothing we settle for.”For Desko, this new attitude was evident even before the first practice of the season. Before the first practice, Syracuse takes a running test that Marasco said is difficult for the players who fail to workout enough during the offseason.“A high percentage of them came back, made the runs,” Desko said. “So that in itself says they’ve been working in the offseason between where we were in the fall and where they are today.”The 2013 season also represents the first time the Orange will play without a target on its back. Even after missing the NCAA Tournament in 2007, SU had lofty expectations the next year with one of the top recruiting classes of all time.Instead of being chased, the 2013 team will have the luxury of playing as the underdog chasing the powers that Syracuse is usually lumped with in the preseason.“It’s awesome,” attack Derek Maltz said. “You know you don’t have as much pressure usually – you know there’s always pressure when you play for Syracuse lacrosse – but it’ll be a great year.”Still, there is no wavering of confidence. The swagger that often defined the Orange in the past and the knowledge that SU has more talent than any opponent it faces may be more subdued as opposed to past seasons. But the positivity is still there, even if it’s quieter.Syracuse knows it has more to prove this preseason than it has in the past, but the expectation is still that the Orange will be there in the end. And when it is, the doubt that clouded the preseason will make the satisfaction that much sweeter.“We have the talent, we have the team, and I think we’re really going to shock the world a little bit this year,” Marasco said. “We’re really excited about this season. With just the guys on this team, the motivation, the captains, the leaders, I think we’re ready to go out there and show people why we should be in the Top 10, why we should be there.” Comments Published on January 8, 2013 at 5:26 pm Contact David: dbwilson@syr.edu | @DBWilson2 Facebook Twitter Google+last_img read more

Continue Reading