London Pensions Fund Authority produces 12.4% return

first_imgFund assets rose by £427m during 2012-13 to end the financial year at £4.6bn.The authority said that, despite challenging market conditions, both the active and pensioner sub-funds – which will soon be merged – saw strong growth in the year.The active sub-fund returned 12.6%, and the pensioner sub-fund produced 9.6%, the LPFA said, adding that both had outperformed their set benchmarks over one and three years.It also said fund costs had continued to fall during the year, both as a percentage of net assets and in absolute terms per fund member.“Fund management costs as a percentile of assets under management also have been reduced, and it is our intention to reduce those further,” it said.Susan Martin, interim chief executive at the LPFA, said the authority was always looking for improvements.“In particular, as we move into a highly evolutionary period for the LGPS, we will continue to focus on closing the funding gap, in particular through the active management of liabilities,” she said. The London Pensions Fund Authority (LPFA) has produced a 12.4% net return on investments in the year to the end of March 2013, after removing an interest rate hedge produced £178m (€210m) for the public sector scheme.The net return on investments of 12.3% in the 12-month period compares with 4.2% reported for the previous year.The gross return on investments rose to 12.9% from 5%.“The performance was positively impacted by a strategic decision, informed by an environment of continuing interest rate stability, to remove an interest rate hedge, which harvested a benefit of £178m,” the LPFA said.last_img read more

Total takes offshore wind vessel for oil and gas ride

first_imgTotal E&P Netherland, a Dutch subsidiary of the French oil giant Total, will charter the Bibby WaveMaster 1 offshore support vessel.The ‘Walk to Work’(W2W) service operation vessel, owned by Bibby Marine Services , will start its contract with Total in April 2018 through to October 2018 with options to extend up to 3 years.“Total made a conscious decision to explore and utilise the innovation and efficiencies developed for the Offshore Wind market and use them in the Oil & Gas market. The comfort, logistics flows and ‘access certainty’ of Bibby WaveMaster 1 were key influencers in their decision,” Bibby Marine Services said in a statement on Friday.Total will use Bibby WaveMaster 1 to replace jack-ups and helicopters and provide W2W access to gas platforms in the southern North Sea. The vessel will provide accommodation for up to 90 pax including crew.The vessel, built by Damen, was completed earlier this year.The Bibby WaveMaster 1, the first of Damen’s purpose-built Service Operations Vessels (SOV) with Walk-to-Work (W2W) capability, was officially launched at Damen Shipyards Galati in Romania on March 24th.last_img read more

Camp Nou turns on toothless Barca after draw with Slavia

first_imgBARCELONA (Reuters) – Barcelona were booed off the pitch by their supporters as their patchy form continued with a 0-0 draw at home to Slavia Prague in their Champions League Group F game on Tuesday.Ernesto Valverde’s side had fallen to a 3-1 defeat at Levante in La Liga on the weekend and could not give the rousing response they craved, failing to break down a diligent and bold Slavia side.With Luis Suarez injured, Barca lacked a cutting edge and visiting goalkeeper Ondrej Kolar produced an admirable display to shut out the Catalans, thwarting Lionel Messi and Sergi Roberto from close range in the second half.Messi also struck the top of the post in the first period following a thrilling solo charge from his own half and then teed up Arturo Vidal for a tap-in late in the game but the effort was ruled out for offside against the Argentine. “Playing like this it’s difficult to see us winning the Champions League,” said Barca defender Gerard Pique.“We had chances to score but the ball wouldn’t go in. Results aren’t going our way in these last two games, and when you go two games without winning at Barca the fans expect more because expectations are so high.”Barca lead the group on eight points after four games, while Slavia are bottom with two. The Czechs, who were unfortunate to lose 2-1 at home to Barcelona two weeks ago, made a bright start and nearly took an early lead with a heavily-deflected shot which was repelled by the Catalans’ goalkeeper Marc-Andre ter Stegen.They did manage to find the net at the end of the first half but the goal was disallowed for a clear offside.The visitors had bright spells in the second half although they did not manage to test Ter Stegen further, and angry boos and whistles rang out around the Camp Nou at fulltime. “It’s a difficult moment for us but the fans have the right to express how they feel and it’s up to us to deal with it,” said Barca defender Clement Lenglet.“We knew Slavia were a dangerous opponent who had quality and we were not taken by surprise by them. We suffered at various stages of the game.“We don’t have any time to sit around and get worried, we have to keep working and play every three days. We’re going to turn this around.”last_img read more

Students reestablish accounting organization on campus

first_img“The black community at USC here is just so small, and I feel like because it’s so small, we have a really hard time interacting with each other and getting together,” Wesamba said. “It’s really important that we have spaces where we can discuss what it means to be a minority in a predominately white field.” NABA president Paul Adams II, a junior majoring in accounting and computer science, said that even though undergraduates serve on the executive board, the organization was originally restarted by a group of graduate students. Elsie Wesamba, NABA’s vice president, said she was inspired to join the organization after speaking to her academic adviser. “I joined NABA because I wanted to be apart of a community that not only uplifted me in my future career but would also help other students excel in their careers,” Hagos, a junior majoring in accounting, said. “NABA’s goal is to reduce the gap of minorities in accounting or related fields. It provides minorities access to many scholarships and networking opportunities in order to bridge the gap visible in the accounting profession.” This story is part of the Daily Trojan’s special coverage for Black History Month. It will run periodically throughout February. “My adviser recommended that I help restart the organization, and I decided that this is what I wanted to put all my time in,” said Wesamba, a freshman majoring in accounting. “I love the idea of the community and how it connects to something that I’m interested in.” Esquerre, a freshman majoring in business administration, said that NABA hopes to establish ties with the local community by engaging in outreach with nearby schools. “I was looking for something to take initiative at USC, and it’s not that I wanted to start my own organization, but I wanted to be a part of something I really cared about and could put all my time into,” Wesamba said.    “We’re hopefully going to do some volunteering and high school programs to get other students that are younger than us interested in [NABA] because we really need more diverse perspectives in this field,” Esquerre said.   Though the USC chapter is still in its beginning stages of development, Wesamba remains optimistic for the future and said the board is planning to make an impact in Leventhal. Firdaws Hagosm, NABA’s treasurer, believes that the organization has the ability to encourage underrepresented Marshall and Leventhal students to pursue their professional goals. “Originally [NABA] was brought back by grad students, however according to USC rules grad students could not be on the e-board, so the undergraduates got to start it,” Adams said. Adams said the organization is hosting a major event panel on campus Feb. 21 with all four U.S.-based major accounting firms to encourage students of color in the field. According to the national organization’s website, less than 9 percent of accountants are black, a statistic NABA hopes to change. “[The] main goal is to bridge the opportunity gap between black professionals,” said Emmy Esquerre, NABA’s public relations chair. “[NABA] offers networking opportunities, scholarships and they hold national conventions.” “Our goal is to get it started again,” Wesamba said. “Like have it be an organization that has members and events … because we are still in our very early stages.”    “Because I’m a part of NABA, I get to meet so many people who are the same as me and from minority backgrounds,” Wesamba said. A small group of students at the Leventhal School of Accounting has reestablished the USC chapter of the National Association of Black Accountants to promote representation for accounting students of color. The organization was officially recognized by the University this semester after disbanding due to lack of leadership, organization and interest in 2014. According to Marshall’s school profile, black students comprise 3 percent of the school’s undergraduate population, and NABA is a way to connect members of the black community. Accountants assemble | (From left to right) Emmy Esquerre, Paul Adams II and Elsie Wesamba make up part of the executive board of the National Association of Black Accountants at USC, which was reestablished this year. (Josh Dunst/Daily Trojan) Wesamba said she was interested in becoming involved when she arrived at USC and is excited that NABA has relaunched as an official organization under the Marshall School of Business this semester.last_img read more

Syracuse field hockey enters season as No. 18 team in the country

first_img Facebook Twitter Google+ Ahead of Friday’s season opener against Vermont, Syracuse has been ranked as the No. 18 team in the nation. The 2019 Preseason Penn Monto/NFHCA Division I National Coaches Poll revealed that all seven Atlantic Coast teams are in the top-20, with defending champion North Carolina taking the top spot. Last year, SU failed to qualify for the NCAA tournament for the first time since 2007. The team won just one of its six conference games and finished with an 8-8 record.SU’s first game in Burlington, VT will test its ability to replace their top defender and leading scorer, Roos Weers, who graduated last year. Looking ahead, nine of Syracuse’s 2019 opponents are ranked in the preseason poll, with three — UNC, Duke and UConn — in the top five.  Comments Published on August 27, 2019 at 2:15 pm Contact Danny: | @DannyEmermanlast_img read more

Cosmos Dauda labels Hearts victory in Berekum as fair

first_imgCosmos Dauda believes Hearts’ 1-0 win over Berekum Chelsea at the Golden City Park in match-day 11 of the 2016 Ghana Premier League was a fair reflection of the game.The Phobians sat back in the closing stages of the game after getting the opener through Samuel Yeboah, and they defended brilliantly to return to the capital with all the three points.Hearts went close to doubling the lead in the last quarter of the game through Foovi Aguidi and Cosmos Dauda, but the result remained a solitary goal victory to the Rainbow club.And Hearts’ leading scorer in the league with four goals says the result was a true reflection of the game.“It was a great game. We stuck to the plan and we are all happy we came out with the victory,” Dauda told”I think the result is a fair reflection of the game because we put a lot into it, by trying to bounce back from our defeat against our bitterest rivals. I think it’s good to get the win and it was a collective effort.” Dauda was in awe-inspiring form a fortnight ago in Obuasi, scoring a brace to help the team to record-breaking victory over Ashantigold. But the striker has not scored in two match-days though he has had better chances than the ones he buried at the Len Clay.“That is football,” the striker admitted. “You will sometimes score; sometimes too you will not score.”But I am still working hard because there are more matches ahead and subsequently the goals will come around.”I believe the goals can come one, two, or three on any occasion so I am working hard – that is all.”He also assured the fans the players will better their home performances in the coming game. “Our fans are the best. We love them. We apologize to them for letting them down in our home ground,” Dauda continued. “But we hope to put up better performances by gaining good numbers in our home ground and giving them the maximum three points when we play there.” –Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more

Angels bracing for tough homestand against A’s and Dodgers

first_img Newsroom GuidelinesNews TipsContact UsReport an Error The Angels, who have gotten off to a slow start, are about to face a tough test.This week the Angels will have a eight-game homestand including three games against the Oakland A’s and three against the Dodgers. The final two are against the San Francisco Giants.The A’s have won nine in a row to bring a 12-4 record to Anaheim, and the Dodgers are off to an 11-5 start. After getting swept in Texas, the Angels are 5-11.“I’m looking forward to playing both of those teams, I really am,” Maddon said before Sunday’s game. “I do believe that we’re going to start hitting. I like the way the pitching is trending.” This time Teheran will be allowed to increase that significantly.“If he’s really cruising  you could probably let him go to 90, but I’m thinking 75-80 would be the appropriate number.”Teheran missed most of summer camp recovering from COVID-19, so he was behind the other starters.TEXAS TURFThe Angels’ first trip to Globe Life Field has included a few mistakes by infielders, including a blown double play ball by Tommy La Stella that cost them Friday’s game and a boot by sure-handed David Fletcher on Saturday. Maddon said the field at the brand new ballpark is part of the issue.He said the ball picks up a lot of topspin on the turf, before reaching the dirt. Also, the surface is more bouncy than a natural field.“Just think about the games you’ve seen on regular grass fields; you don’t see that kind of bounciness to a ground ball,” Maddon said. “And then the spin at the end of it, it really can fool an infielder…. It’s just one of those things. I love the ballpark. They’ve done a wonderful job and I’m not banging on it. It’s just an adjustment that needs to be made.”ROBLES BETTERDemoted closer Hansel Robles pitched a scoreless inning, with three strikeouts, on Sunday. Robles also averaged 95.9 mph with his fastball, which was up from the 94.5 mph he was averaging coming into the game.A day earlier, pitching coach Mickey Callaway said they needed to find a way to get Robles back closer to the 97.2 mph from last year. Callaway said the issue is that Robles needed to find another way to generate adrenaline without fans.center_img The Angels entered the final game of Sunday’s trip hitting .211, which was 12th in the league. They produced three runs in the series finale, but still managed only six hits, none with runners in scoring position.Maddon shuffled the lineup, moving slumping Anthony Rendon down to the No. 5 spot and Tommy La Stella up to the No. 2 spot. He said it was primarily to split up the left- and right-handed hitters so they wouldn’t be susceptible to the Rangers’ lefty relievers.Besides that, he said the solution to the hitting woes was likely for the players to just relax and let their talent take over.“Try easier,” he said. “I mean they can’t try any harder than they are. I mean that’s what happens. Guys get in a little bit of a rut and they get tighter, try harder, swing harder, which means you get longer and slower. I think less work is better than more right now.”TEHERAN’S TURNJulio Teheran is scheduled to make his second start of the season on Monday. Teheran was pulled after just 52 pitches and 2-2/3 innings in his first start, because he was on a pitch count of about 55, Maddon said.last_img read more

Russia banned from Olympics, World Cup through 2022 in doping scandal

first_imgRussia has been banned from international sporting events for four years by the World Anti-Doping Agency (WADA).Athletes will not be able to compete under the Russian flag at the 2020 Olympics or the 2022 Winter Games, while Russia’s place at the 2022 World Cup is also in jeopardy. A WADA panel last month recommended the Russian Anti-Doping Agency (RUSADA) be declared non-compliant again over inconsistencies in anti-doping data discovered during an investigation.WADA’s independent Compliance Review Committee (CRC) recommended strong sanctions be imposed on Russia, including a four-year ban from competing in and hosting major sporting events.On Monday, the body’s Executive Committee unanimously agreed with the recommendation at a meeting in Lausanne, Switzerland.RUSADA has 21 days to appeal the suspension, which would see its case referred to the Court of Arbitration for Sport.Individual Russian athletes will still be able to enter global competitions under a neutral flag, as was the case for 168 Russians at the 2018 Winter Olympics when the country was banned. The International Standard for Code Compliance by Signatories does not list UEFA as a “major event organisation”, so Russia will also be free to compete at Euro 2020. Stanislav Cherchesov’s side have qualified for the finals, where St Petersburg is one of the host cities.Other concerned parties, including the International Olympic Committee (IOC), can also appeal if RUSADA chooses not to.An appeal from the IOC, another Olympic committee or an international federation would have to come within 21 days of RUSADA accepting WADA’s decision.last_img read more

Kissa steps into Cheptegei’s shoes in Netherlands race

first_imgIt was Cheptegei’s fourth win in the event, and he tme pocketed a bonus 50,000 Euros (Sh213 million) prize for the record.The Seven Hills Race Zevenheuvelenloop is considered the fastest course in the world, and the best time held before Cheptegei was by Leonard Komon of Kenya who ran a time of 41:13 in 2010.Share on: WhatsApp Uganda long distance athlete Stephen Kissa crosses the finish line to win the 36th edition of the 15-kilometer long Zevenheuvelenloop (Seven Hills Run) in Nijmegen on November 17, 2019.  PHOTO AFPKampala, Uganda | LOUIS JADWONG | Long distance ace Stephen Kissa today stepped in the shoes of Joshua Cheptegei, continuing a Ugandan tradition of winning the 15km NN Zevenheuvelenloop (Seven Hills Race) in Nijmegen, The Netherlands.He won the 36th edition of the even Hills Race in 41:49, a race Cheptegei won in world record time last year of 41.05 minutes, taking 8 seconds off the previous mark set in 2010.last_img read more

The countdown is on to the England Golf Awards

first_img13 Mar 2017 The countdown is on to the England Golf Awards The countdown is on to the 2017 England Golf Awards when TV personality Di Dougherty will be the celebrity host for a night of celebration. Cricket legend David Gower will also be at Lord’s for Thursday’s glittering event, when the spotlight will turn on great moments and achievement at all levels of English golf.  Over 400 people will attend the black tie event which will feature some of the biggest names in Tour golf, with exclusive messages for the audience. News of the award winners will be revealed on Twitter as it happens and Instagram followers will see behind-the-scenes images from the venue. England Golf Chief Executive Nick Pink commented: “This is the first time we’ve staged our awards in this way and we’ve had a fantastic response from golfers, clubs and counties as well as representatives from across the golf industry and the media. “We’re looking forward to a great night and to blowing the trumpet for golf in England. The stories of our award winners, whether they’re grass roots golfers or leading Tour players, are truly inspirational and we can’t wait to share them.” Awards will include the Team of the Year, the Players of the Year, the winners of Lifetime Achievement and Lifetime Service Awards and the England Golf Order of Merit winners. There will be recognition for the stars of club and county golf who do so much to inspire people to play the game. Seven awards will honour these heroes of the game, who will be named from the previously announced finalists: Club Coach of the Year Ben Knight, PGA professional of Chartham Park Golf Club, Sussex James Verrall, PGA professional of Haywards Heath Golf Club, Sussex Volunteer of the Year Simon Bacon of Radcliffe-on-Trent Golf Club, Nottinghamshire Jenny Davies of Bondhay Golf Club, Yorkshire Young Ambassador of the Year in association with the Golf Foundation Emma Anderson of Sherwood Forest Golf Club, Nottinghamshire Dualle Dabayl, Golf Activator with Community Golf, Surrey   GolfMark Club of the Year sponsored by TaylorMade-adidas Golf Essendon Country Club, Hertfordshire The Point at Polzeath, Cornwall Most Welcoming Golf Club, sponsored by american golf Fynn Valley Golf Club, Suffolk Leeds Golf Centre, Yorkshire Strongest Community Engagement Bromley Golf Centre, Kent Hollingbury Park Golf Course, Sussex County of the Year, sponsored by SPORTS MARKETING SURVEYS INC Lancashire Warwickshire Follow on Twitter @EnglandGolf Follow on Instagram @England.Golflast_img read more