Vervoer replaces Robeco with Achmea for fiduciary management

first_imgCommenting on the outcome of the search, Willem Brugman, the pension fund’s director, insisted that Vervoer did not have a single complaint about the service provision by Robeco, which has been its manager since 2012.Since then, Robeco has been taken over by Japanese financial services group Orix, saw several board members leave and divested its manager selection subsidiary Corestone in a management buy-out.In an interview with IPE’s Dutch sister publication Pensioen Pro, Brugman said his scheme switched to Achmea for fiduciary management.“Achmea focuses on this activity, whereas Robeco is an asset manager also offering fiduciary services,” he explained.Brugman highlighted that the decision to leave Robeco had been difficult, as both service provision and results were fine, and added that the Rotterdam-based manager had been in the race until the last moment.He said the selection criteria were cultural match, quality, continuity of service provision and the scope of the proposition.“We concluded that continuity would be better guaranteed at Achmea, as it is a fiduciary manager also offering asset management.”Brugman added that the pension fund believed Achmea would keep investing in all aspects of integrated asset management as – contrary to Robeco – it already had several pension fund clients of a similar scale as Vervoer.Brugman further made clear that Achmea would also be able to carry out Vervoer’s investment administration, and could make it fit for reporting to, for example, supervisor De Nederlandsche Bank, a service Robeco did not offer.“This would unburden our own administrative bureau,” he said.The director further said that the pension fund had decided to not divide its fiduciary mandate across several managers.“The management of interest and currency hedge, for example, is that important that we want our fiduciary manager to be as close to it as possible.”Brugman declined to provide details about financial aspects of the transition.He said that the transition risks included the move of the interest and currency overlay.“The other investments, most of which are placed with other managers than Robeco, won’t change for the time being,” he said.The mandatory sector scheme covers the pensions of workers in the road haulage, private bus and taxi transport, inland waterway and crane hire sectors.It has 670,000 participants and pensioners. Vervoer, the €28bn Dutch sector scheme for private road transport, has chosen Achmea Investment Management as its “integrated asset manager” as of year-end.The industry-wide pension fund, which is dropping pure play asset manager Robeco, said Achmea could provide “a full service solution and already had several customers of a similar scale”.The services to be outsourced to Achmea are the selection and monitoring of asset managers, the management of interest and currency overlay as well as the management of collateral for derivatives transactions.Vervoer made clear last year that it would start exploring the options for what it calls “integrated asset management”. The planned retendering of the fiduciary management contract was revealed in April 2018. last_img read more

Syracuse relies on youth under new coaching staff

first_img Published on February 29, 2016 at 8:32 pm Contact Jack: Facebook Twitter Google+ In each of the last three seasons, including this one, Syracuse has not had more than four seniors on the team.This season, 13 of the Orange’s 19 players are underclassmen.“We have a lot of young talent,” SU head coach Mike Bosch said. “We’re just trying to see how that young talent is going to develop.”So far this season, that talent has been tested often. Three of the four players who have started every game are underclassmen. Freshman Hannah Dossett is tied for the team lead in homeruns, doubles, hits and RBI’s, while sophomore Rachel Burkhardt leads the team in runs.Bosch stressed attention to detail in Syracuse’s fall league and believes he and his staff have helped the team break things down from a technique standpoint.AdvertisementThis is placeholder textWith an entirely new coaching staff taking over after the resignation of 10-year head coach Leigh Ross, Bosch and his staff have an opportunity to instill its methods into SU’s (6-7) seven new freshmen.“Coming in as a new staff we’re obviously going to do things a bit differently,” Bosch said. “With new players, we had an opportunity to really establish that with those players. Pretty much all they know is what we do.”Bosch commended the team’s upperclassmen for teaching Syracuse’s group of freshmen.In 2016, “the staff” includes seniors Jocelyn Cater and Lindsey Larkin and sophomore AnnaMarie Gatti.When Bosch, formerly the Orange’s pitching coach, is busy with other players, he leans on Cater and Larkin to mentor the young pitchers. If there’s something Bosch can’t do, he’ll have those three help out.While Gatti is just a sophomore, her ability matches that of the other two. She leads the team with 41.1 innings pitched, 24 strikeouts and three complete games, and she’s recorded a fantastic 2.61 era through eight appearances this season.Larkin believes that the new coaching staff’s teaching mindset has allowed younger players to grow.“They don’t get angry with you even if you don’t know what you’re doing,” Larkin said. “We’ll use it as a learning experience and move on from here. … Watching the program grow and seeing where we are today is exciting.”Bosch said he has preached to his players that it’s important to get better every day. By extension, if the players are improving, the program can move forward, too. Sandberg preached a similar message, saying that as a young team, it’s simply important to steadily progress even as Syracuse hovers around .500.“We have to just have a goal of outworking our opponents,” Sandberg said. “We know that everyone else that we’re playing is trying to get better, we need to get 1 percent better everyday.”While Bosch and Sandberg understand it’s a process, neither mentioned that they felt at a disadvantage relying on their young talent.“All those things meshing together,” Bosch said, “has helped us to go from just a young team, to a good team.” Commentslast_img read more

3 Illegal Immigrants Arrested In Alpena

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAgents from the U.S. Border Patrol made an arrest on Wednesday.The three subjects were arrested in the Alpena area and it was determined that they were here in the country illegally. The group included three adult males from Mexico; they were pulled over on a traffic stop.Border Patrol Agent Geoff Ramer says that the men are currently detained, and that the immigration and customs enforcement removal operations, are handling the rest. AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious ‘All Aboard’ Ready to LaunchNext Huron Humane Society Adopt-A-Thonlast_img

Light-bulb technology created for astronauts might help Dodgers avoid jet lag in Sydney

first_imgGLENDALE, Ariz. – What do baseball players and astronauts have in common?Odd dream jobs. Other than that, usually very little.This week is different. The Dodgers have been using technology developed for astronauts on the International Space Station to help adapt to a time zone 18 hours away. If the players seem slightly less tired than their opponents during the first two games of the season, science deserves partial credit.A set of two LED (light-emitting diode) light bulbs were given to players Saturday, the day before the team flew to Sydney, Australia. One light bulb tricks the brain into thinking you’re seeing daylight, the other into thinking it’s nighttime. The Dodgers’ brains should be less difficult to trick than the astronauts’. The technology that went into the light bulbs was originally developed for the ISS, where astronauts see 16 sunrises every 24 hours, Soler said.The light bulbs were installed in every player’s hotel room by the time the team arrived in Sydney. Still, performance on a baseball field isn’t a practical tool for measuring the success or failure of the light bulbs. There are too many outside variables.To provide more useful feedback, the Dodgers were given a set of nine Basis wristwatches. In addition to telling time, the $200 watches collect data about deep sleep, light sleep and REM (rapid eye movement) sleep, as well as heart-rate activity, skin temperature and perspiration. Manager Don Mattingly is among the nine wearing the watch.“This will be the best way for us to find out if the players are acclimating correctly,” Soler said.Besides using the light bulbs and the watches, Dodgers head athletic trainer Stan Conte told players to not sleep for at least the first four hours of the flight into Sydney, and drink plenty of water before and after arriving.Dodgers pitcher Chris Withrow isn’t questioning the wisdom behind the technology.“I trust ’em,” Withrow said. “We can’t get there and not be prepared for the game. Our bodies have to be ready.”Will any of this work?“I don’t know,” Dodgers infielder Justin Turner said. “I’ll tell you when I get back.” “Scientists have found a new sensor in the eye that’s directly connected to the part of the brain that controls our body’s internal clock,” said Robert Soler of Lighting Science, the company behind the bulbs. “It is looking for daylight (think blue sky) frequencies to understand what time it is.”Soler said the human brain can be tricked only so much, that it won’t move the internal clock forward or backward by more than an hour or two. That’s why the Dodgers were given the bulbs a day before their flight: to get a head start on their new time zone by turning the daytime bulbs on during daytime in Sydney.It was quite a scene. At one point Sunday afternoon, pitcher Zach Lee sat by his locker in a well-lit clubhouse with a reading lamp glowing nearby. He wasn’t reading a book or doing a crossword, just letting his brain receive the light.“When it’s time to go back to L.A., we do the opposite,” Soler said. “Turn this light on before the sun rises, and trick your body clock to thinking it’s daytime.“This one is the tricky part,” he continued. “You can’t shift back more than two hours per day, or your clock will want to go the opposite way. For example, if a player sees a sunrise in Sydney, then sees a second sunrise in L.A. 18 hours later, his clock won’t know how to process an 18-hour day. It can, however, understand a 22-hour day. So we need to approach with a series of 22-hour days in order to get back.”center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Sergio Garcia disqualified for damaging greens at Saudi International

first_img“I respect the decision of my disqualification,” said the 2017 Masters champion. “In frustration, I damaged a couple of greens, for which I apologize for, and I have informed my fellow players it will never happen again.” However, Garcia was then found to be in breach of rule 1.2a, which allows for disqualification if a player has committed serious misconduct.In a brief statement on the European Tour’s official website, Garcia admitted his wrongdoing and accepted the decision to remove him from the tournament. Related News Phoenix Open: Defending champion Gary Woodland has some advice for braving Saturday’s circuscenter_img Sergio Garcia was sensationally disqualified from the European Tour’s Saudi International for “serious misconduct,” after damaging more than one green in frustration.Garcia completed a 1-over 71 in his third round, leaving him at par and 16 off the pace set by Dustin Johnson and Li Haotong, who recorded an incredible four eagles on Saturday.last_img read more

Mason City man arrested on arson charge, accused of setting garage on fire

first_imgMASON CITY — A Mason City man wanted for starting a garage on fire last September has been arrested.36-year-old Nathaniel Pope was booked into the Cerro Gordo County Jail on Sunday evening. He’s accused of being involved in an incident on September 12th where he allegedly was frequently texting a woman protected by a no-contact order. He also later was suspected of setting the woman’s garage on fire. The woman was not at home at the time of the fire.Pope was arrested on Sunday in Mason City on a nationwide warrant and was charged with second-degree arson as well as interference with official acts. He’s being held in jail on a total of $22,000 bond. Second-degree arson is a Class C felony punishable by up to ten years in prison.last_img

VIDEO: PBC Fire Fighters Rescue Window Washer Dangling from High Rise

first_imgNORTH PALM BEACH, Fla. — A tense rescue unfolded at a high-rise building in North Palm Beach on Monday morning.Crews from Palm Beach County Fire Rescue rescued a man, who appeared to be window washer that was stuck dangling on the side of a building, which was located at 100 Lakeshore Drive.After about 15 minutes, while residents watched nervously from their balconies, rescuers safely lowered the worker to the ground.last_img

Rumson Troop 201 Inducts Two Eagle Scouts

first_imgRUMSON – Stephen Farkouh of Tinton Falls and Andrew Tort of Rumson were recently inducted into the Eagle Scouts’ Court of Honor.Farkouh is a senior at Monmouth Regional High School in Tinton Falls. Tort is a junior at Christian Brothers Academy in Lincroft.Stephen Farkouh of Tinton Falls, left, and Andrew Tort of Rumson are now Eagle Scouts.They have worked together for many years in the troop, including leading their troop of 40 Scouts as senior patrol leaders. Having spent the last five years as fellow Scouts encouraging each other to complete their final Eagle Scout requirements and projects, Farkouh and Tort wanted to celebrate their highest achievement together.Farkouh’s project was an extensive cleanup and restoration of Monmouth Regional High School’s Preschool playground. Steve Didonato, Monmouth Regional High School administration, also an Eagle Scout, detailed Farkouh’s project during the Court of Honor. He praised Farkouh for his organizational skills, his tenacity and described the physical challenges that his project entailed. Didonato mentored him throughout the project and shared his and the school’s gratitude for the beautiful playground the children will now enjoy.Farkouh was assisted by members of Rumson Troop 201 and classmates from Monmouth Regional High School.During a Veterans Day ceremony at the historic bandstand in Rumson’s Victory Park, Tort noticed there was limited access to the bandstand for certain veterans and other physically challenged individuals who had to traverse a long grassy area to steps with no rails to reach the bandstand’s platform. After several meetings with the Borough of Rumson, Tort began his project to create a decorative paver walkway, landing pads and stair rails in Victory Park, making the bandstand more accessible.Under the mentorship of Guy Hembling of Hembling & Son who is also an Eagle Scout, and with the help of his fellow Scouts, family and friends, the bandstand now has a beautiful paver walkway with stair rails as well as beautified landscaping around the bandstand for future ceremonies.last_img read more

De Marcos: “I hope I can play the Cup, but the semifinal is left”

first_imgThe April 18th is marked on fire in the minds of lions in a cup final in La Cartuja, which must be resolved in Los Cármenes. In theory, Oscar de Marcos would be ready for the cause. He has one more month left to get dressed again and definitely shore his latosa left ankle injury that was caused to Getafe: “I don’t set deadlines, I don’t put pressure on myself. Two months go and in theory there are three. I wish it could be available, but there is much left for that, the semifinal … “, launches the laguardia lane, a positive and always optimistic guy who It was operated on December 20.A From Marcos what He exercises separately in Lezama and that underlines that It is “better, every day I see improvements. The ankle has given me a bit of war, “he slips. On the negative dynamics of the team in its absence, with ten games without winning, it is pronounced: “These times we have passed several times. It is not alarming, but we must change the dynamics before the game of Granada.” Comment that must “be closer together than ever, is an important time to get it through starting this Sunday against Villarreal. “ Add Marcos, always conciliatory, that the team perhaps “he has focused his mind a lot on the Cup”, but does not believe that the physical tone is the cause of the crash in the results. About Gaizka Garitano reports that it is “the first one who is judged for not doing so with 25 players”, who criticism has replaced the “many compliments” of yesteryear, but that notes the “good and quiet”, with very clear ideas. “last_img read more