ATP sets sights on alternative risk premia with new long-term guidelines

first_imgATP, which runs Denmark’s labour-market supplementary pension fund, announced the new long-term guidelines for its investment portfolio and said that while the change was not radical, the new mix was less weighted to rates and inflation factors and more towards alternative risk premia.The DKK705bn (€94bn) pension fund has set the guideline as part of its portfolio construction overhaul, which focuses on a set of four underlying risk factors that assets represent, rather than grouping each of those assets into one of five risk classes.The guideline only concerns ATP’s investment portfolio, or the return-seeking part of its overall assets, which consists of its bonus reserves worth approximately DKK100bn.The bulk of the pension fund’s assets are held in its hedging portfolio, designed to back the pension guarantees it gives. The new long-term guideline for the investment portfolio allocates 35% of its investment risk to each of the “equity” and “interest-rate” factors, and 15% each to the “inflation factor” and “other factors” groupings, according to information in the pension fund’s annual report.It said the guideline should be seen as a long-term anchor for risk allocation, and that the actual portfolio allocation might deviate from the guideline at any given time due to market conditions. Carsten Stendevad, chief executive at ATP, told IPE: “While the portfolio construction approach is new, the changes in relative risk weights are not dramatically different.“Compared with the old guidelines, it means less risk weights to interest rates and inflation factors, about the same to equity, and more to other premiums, which includes illiquidity premiums and liquid alternative risk premiums.”Emphasising that the guideline did not have to be adhered to in the short term, he said ATP was actually deviating from the guideline by quite some distance at the moment.“Right now, we have 22% of our risk in the interest-rate factor and half in equity,” he said.“In a normal market environment, we would expect to be much closer to the guidelines, but, given where rates are now, this is where we are.”The new guideline represents risk weighting and thus cannot be seen in terms of traditional asset allocation percentages, and does not indicate proportions of capital, he said.As an example, he pointed out that equities were four times riskier than bonds.Stendevad first unveiled details of the new investment strategy during his keynote speech at last year’s IPE Conference & Awards in Barcelona.For more on ATP’s investment strategy and changes implemented since Stendevad arrived in late 2013, read his recent interview with IPElast_img read more

Modern Gold Coast home designed to embrace surrounding bushland

first_img28 Crane Place, Mudgeeraba.A DRIVE through Mudgeeraba’s prestigious Jabiru Estate was all it took for Paul and Tammy Barrett to realise they wanted to live there.“We’d driven in the estate and we thought ‘wow, we might live here’,” Mr Barrett said.“We saw the land for sale and we did the maths and thought ‘we can afford to do this’.”And so the pair decided to build their dream home on a 0.43ha parcel — it was completed by the end of 2018. 28 Crane Place, Mudgeeraba.The kitchen features two Bosch ovens, a Bosch integrated dishwasher, induction stove and a butler’s pantry. There are four bedrooms on the second level with a wood panelled study on the ground level. The main bedroom has an industrial chic ensuite with concrete look tiles and modern black tapware that contrast the white twin vanities. But it is the dressing room with an island dresser that stands out.MORE NEWS: First home buyers flocking to Coast suburb Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:54Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:54 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: To sell or to renovate?00:55 ON THE MARKET “The dressing room is virtually the size of another bedroom,” Mr Barrett said.Agent Oresti Astras described the property as a “showcase of style and serenity”.“A lifestyle blend of bush land tranquillity with the privacy of a large acreage allotment yet close to the convenience of all amenities of Robina Town Centre, private and public schools, restaurants, local cafes and the M1,” he said. 28 Crane Place, Mudgeeraba.center_img 28 Crane Place, Mudgeeraba. 28 Crane Place, Mudgeeraba.Mr Barrett said the design brief was to make the house modern and contemporary but also homely.The end result is the perfect blend of style and sophistication incorporating modern design elements in a natural bushland setting.Designed for comfort and practicality, the home’s living areas flow seamlessly to a covered outdoor entertaining area and pool. “We’ve got big bi-fold doors so it’s all about indoor-outdoor living,” he said. Address: 28 Crane Place, Mudgeeraba Agent: Oresti Astras and Marg Olliver, Astras Prestige Property Area: 0.43ha Price: Offers over $2 million Inspections: By appointment 28 Crane Place, Mudgeeraba.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agolast_img read more

Carnival, Royal Caribbean Sign Saint Lucia Deal

first_imgCarnival Corporation and Royal Caribbean Cruises have agreed to form a joint venture in order to manage the existing cruise pier and terminal facilities in Saint Lucia, and to design, construct and operate a new cruise port on the island.Under a memorandum of understanding (MOU), signed with the government of Saint Lucia, the parties would establish a long-term concession agreement to formalize the terms and responsibilities for the joint venture to manage and operate the current cruise pier and terminal facilities at the Port of Castries.Additionally, the joint venture would design, finance, construct and operate a new cruise port in Vieux Fort on the southern part of the island that will be able to accommodate the latest and most innovative ships in the cruise industry, the companies said.has called the signing of the MOU “historic” and “a major step towards enhancing Saint Lucia’s tourism product.”“The cruise market is the fastest growing sector of tourism and in the next decade cruising in the Caribbean region is anticipated to increase by 40%,” said Michael Bayley, president and CEO of Royal Caribbean.Together, the cruise line brands of Carnival Corporation and Royal Caribbean Cruises Ltd. currently account for 75% of all cruise ship deployment to Saint Lucia. Under the new agreement, the joint venture would optimize the experience for guests visiting Saint Lucia while developing additional cruise infrastructure to support the industry’s latest ships and promote the growth of cruise tourism on the island.last_img read more

Medical expert demands operation spit and see yellow!

first_imgAs leagues across the globe tinker with the idea of resuming action after close to two months in lockdown, FIFA medical expert has said it should not be business as usual for players on the pitch. An ugly and very unhygienic past time of some players, spitting, according to the expert will need to stop if the coronavirus pandemic is to be checked and if games are to resume in earnest. Spitting according to Michel D’Hooghe is capable of equally spreading the virus aside from the usual sneezing and coughing droplets that appear to be known to all. FiFA medical expert Michel D’Hooghe wants those spitting like rattle snakes punished D’Hooghe did not only call for a stop to the act but also wants those caught in the act to be handed a yellow card. “This is a common practice in football and it is not very hygienic,” “So when we start football again I think we should have to avoid that at maximum. The question is whether that will be possible.Advertisement Loading… Promoted Content5 Of The World’s Most Unique Theme ParksThe Highest Paid Football Players In The World6 Interesting Ways To Make Money With A DroneDid You Know There’s A Black Hole In The Milky Way?11 Most Immersive Game To Play On Your Table TopThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreA Hurricane Can Be As Powerful As 10 Atomic BombsWhat Is A Black Hole And Is It Dangerous For Us All?8 Superfoods For Growing Hair Back And Stimulating Its GrowthYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeNothing Compares To Stargazing Places Around The World9 Talented Actors Who Are Only Associated With One Rolecenter_img “Perhaps they can give a yellow card. It is unhygienic and a good way to spread the virus. This is one of the reasons why we have to be very careful before we start again. I am not pessimistic but I am rather skeptical at the moment.”D’Hooghe told The London Telegraph. Players and managers alike swapping positions with “rattle snakes” Should the idea which has also been supported by some other expects and fans be bought, it will also be extended to managers some of who have also been caught in the ugly act in the past. A cross section of fans who were asked their opinion about it described it as disgusting and supported punitive measures to stop it. “We love the game but we take a lot of rubbish from these players sometimes.  You not at the stadium but probably watching a live match in your home and eating some meals and you see a player spitting on the pitch, it’s not good enough. It is not only irritating it could make one lose appetite” they said Read AlsoMoyes fears injury pile-up if Premier League resumes A recent poll on some of the naughty things players do including hard tackle, head-butting and deliberate use of elbow to inflict injury indicate that the most hated is spitting. FacebookTwitterWhatsAppEmail分享 last_img read more

Covid-19: Cancelled London Marathon charities set to lose out on £70m

first_img Asked about testing for coronavirus, Brasher added: “If anyone catches it, they can’t run. We are starting the testing in the country before they leave.” Organisers are encouraging those who had entered the 2020 race to download a Strava-type app and run the 26.2-mile wherever they are in the world. If they cover the marathon distance at some point on October 4 they will receive a Finisher’s T-shirt and medal in the post. The 2021 race was set to take place on Sunday April 25 but that has been moved to Sunday October 3 instead. This is sent to be a one-off move – thus allowing governments enough time to eradicate the virus or find a vaccine – and the 2022 event will return to springtime in the capital. Runners and charities will also be able to defer their place to a future London Marathon – in 2021, 2022 or 2023. In 2019, the London Marathon raised a world record £66.4million for good causes. It is understood the charity sector faces a funding shortfall of £10 billion in 2020. Brasher added: “The London Marathon has become a world event. We believe it’s the greatest marathon in the world, the greatest athletes in the world are still coming. read also:Arteta hails ‘world-class’ Mourinho ahead of London derby “It shows the passion Britain has for the London Marathon. “We are one of the crown jewels of British sport – FA Cup, Grand National, Boat Race, Wimbledon. The London Marathon is one of those. “All of those events are over 100 years. This is our 40th race. To be in that position, well we are enormously grateful.” FacebookTwitterWhatsAppEmail分享 2020 London Marathon mass race has been officially cancelled due to the impact of the global Covid-19 pandemic – and the 2021 event will be moved from April to October next year. More than 45,000 runners had hoped to take part in the rescheduled 26.2-mile event on Sunday October 4 but SunSport can reveal today their hopes have been dashed by government lockdown rules. There will still be a 40th staging of the race but it will only involve elite runners and wheelchair stars. There will be a looped circuit held behind-closed-doors at St James’ Park in London in a biosphere bubble – with Kenyan superstar Eliud Kipchoge, the world’s fastest man, taking on Ethiopian Kenenisa Bekele. The winner will still finish along The Mall, it will involve 19.8 laps of the Royal Park and allow marathon stars the chance to qualify their spots at the Tokyo Olympics. Event director Hugh Brasher said: “Today is a day of sadness, but also I think it’s a day of certainty. “It’s a day where we’re announcing what is appropriate – we think – for the 40th race. It’s certainly not something we ever expected to do. “We hope people get inspiration from the Gods of our sport still battling it out over those 26.2 miles in the only world marathon race that is taking place in the Fall. “If we can’t be there in body we definitely can be there in mind and in spirit and it is that spirit that the London Marathon has always, always been – it is exemplified over the years. “Those are the stories, the incredible stories that come out every year that surprise us, that has engaged the world in what London uniquely does. “So, I never expected to be here saying the 40th race was not one from Greenwich to Blackheath, but I think the world has not expected the last seven months. “It has been a difficult journey for everybody and everyone’s journey has been different.” A world record attempt on a level course in autumn conditions is possible – Kipchoge ran a World Athletics-ratified 2:01:39 in Berlin in 2018. Hugh Brasher, the race director, said: “It’s a very fast course. We will be running the event under World Athletics rules. Absolutely the course will be eligible for world records.” Loading… center_img Promoted Content6 TV Shows That Got Better After A Major Character Had LeftTop 10 Tiniest Phones Ever MadeBirds Enjoy Living In A Gallery Space Created For ThemCouples Who Celebrated Their Union In A Unique, Unforgettable Way5 Of The World’s Most Unique Theme Parks5 Of The World’s Most Unique Theme Parks17 Astonishingly Beautiful Cave Churches10 Inventions That Prove Humanity Is Failing BadlyWhat Is A Black Hole And Is It Dangerous For Us All?6 Interesting Ways To Make Money With A Drone6 Extreme Facts About HurricanesWhy Do So Many Digital Assistants Have Feminine Names & Voices?last_img read more

Betty Hall

first_imgBetty Hall, 80, of Moores Hill passed away Monday 15, 2019 at Ripley Crossing in Milan.  Betty was born Wednesday, April 5, 1939 in Jellico, Tennessee the daughter of Vembert and Jalie (Kidd) Blankenship.  She married Charles Hall and he preceded her in death.  Betty retired from SENCO in Newtown, Ohio.  She was a former member of the Faith Freewill Baptist Church, which she was very active in.  Her hobbies included reading and bowling.Betty is survived by step-son Quintin Kittle of Farmers Retreat and daughter Robin Hensley of Mount Orab, Ohio, 6 grandchildren and several great grandchildren.  She was preceded in death by her parents, husband, son Michael Watson, granddaughter Erin Watson, several brothers and sisters and one niece Faye Ayres.A service celebrating her life will be held 11AM Wednesday, April 17, 2019 at Faith Freewill Baptist Church, 13934 Chesterville Road, Moores Hill, IN 47032 with Pastor David Phillips officiating.  Burial with graveside service will be held Thursday, April 18, at 2 PM at Valley View Cemetery in Pioneer, TN.  Family and friends may gather to share and remember her 9 – 11 AM Wednesday also at the church.  Memorials may be given in honor of Betty to Faith Freewill Baptist Church.  Sibbett-Moore Funeral Home entrusted with arrangements, Box 156, Moores Hill, IN 47032, (812)744-3280.  You may go to www.sibbettmoore.com to leave an online condolence message for the family.last_img read more

Mourinho puzzled by Pellegrini flak

first_img Press Association The Chelsea boss says the media wants numerous teams to fight for the title, but then pounce on perceived failure. “I’m not surprised because it can happen to anyone,” said Mourinho, when asked about City’s run of four wins in 12 league games. “Every game is difficult. What I’m surprised about is that a team that won two titles in three years, a team that are still champions and won two trophies last season, you (the media) can bring this team to hell. “It looks like they don’t deserve respect, that they are bad players, that the manager is a bad manager, that they are a disaster. And they are the champions. I don’t understand. “So how can you be so negative with a team that’s won two titles in three years? Okay, they won’t win this title this year, but they did last year. “Some clubs and managers can not win and life goes on, but the guys at Man City – it looks like they’re criminals because they don’t win the league.” Some reports suggest Pellegrini’s job is under threat, with Borussia Dortmund’s outgoing coach Jurgen Klopp among those linked. Mourinho said: “I feel it’s amazing. It doesn’t matter the problems. You are the champions and people are already pushing you. It’s a big contradiction. “If there are two people pushing for the title, you are the man if you win it and you lose? You want five, six, seven teams to fight for the title, only one can win the title.” When it was pointed out that clubs sack managers, not the media, Mourinho said: “With the pressure you do – you give a big help.” Chelsea’s handsome advantage at the summit suggests a dominant performance this term, but Mourinho was adamant it has not been a straightforward campaign and the title must still be claimed. “(The league is) more difficult than ever,” he said. “For me, the difficulty of every game is amazing. In the last nine matches, we never won by two goals difference. The last time we won by more than one goal was Swansea in January (winning 5-0). “I don’t forget that we were always top of the league but we went to eight points difference, and then down to zero. “And then, because we scored a late goal against Tottenham (in defeat), we kept the leadership by one goal, level points from Man City.” There are still hurdles – or lengths of a swimming pool – to overcome, not least successive matches with third-placed United and second-placed Arsenal. Mourinho referred to a story from nine years ago, when then United boss Sir Alex Ferguson said Chelsea needed a collapse of horse racing’s Devon Loch proportions to lose the title. The Portuguese spoke of a chase from a boat to the shore, which he called ‘Dying on the beach’. On Friday he said: “(We need) 11 points. So if you do one point, 10 metres to swim, we have 110metres to swim. “If it’s breaststroke it’s easy. You do it. But if it’s butterfly, after 25m I die.” Chelsea can make it easier for themselves by beating United. “I just want to be champions,” Mourinho added. “One point is enough for me.” Arsenal focus on their FA Cup defence this weekend, kicking-off their semi-final with Reading at Wembley just 10 minutes before the Chelsea-United tie. Arsenal manager Arsene Wenger has questioned the “conflicting” scheduling and feels more consideration should have been made to keep the two high-profile games separate. Mourinho agrees with his long-time adversary, suggesting he could have gone to Wembley if it was an evening kick-off. The Chelsea boss said: “A day has 24 hours. You don’t have to play at the same time. “Wembley is a fantastic stadium in which to play an evening match. If it was an evening game it would be magnificent. “But in this country I had to learn how to live with sometimes crazy decisions about fixtures. “Play 7.45pm or 8pm, Champions League time or European national team time, and it would be an amazing evening at Wembley, and I could probably go.” Chelsea boss Jose Mourinho struggles to comprehend the scrutiny heaped on Manchester City and their manager Manuel Pellegrini after the collapse of their Premier League title defence. The Blues are seven points clear of second-placed Arsenal and 12 points clear of holders City, who are fourth, entering this weekend’s fixtures. Mourinho is unable to fathom media talk of an implosion by Manuel Pellegrini’s men in a competitive top flight. last_img read more

Atletico seek Filipe Luis fillip

first_img “There are negotiations in place but I don’t know how fruitful they will be,” Cerezo said to the Spanish media. “Filipe Luis is a magnificent player. “We would be delighted if he comes back and I think that in the end, we will find a solution. “As always, the financial aspect takes precedence over the sentimental aspect but I believe a deal can be reached.” Filipe Luis, 29, may have to consider a pay cut if he is to return to Atletico. The South American made 127 appearances for Atletico and won the Europa League and Copa del Rey as well as the Primera Division title during his time with the Rojiblanco outfit. Atletico finished third in La LIga last season and have strengthened their squad this summer by signing Argentinian striker Luciano Vietto, Belgium midfielder Yannick Carrasco and Colombian forward Jackson Martinez. The Brazil international joined Chelsea in a ₤15.8million transfer last summer after four seasons at Atletico and is under contract with the Blues outfit for another two seasons. Filipe Luis made just nine league starts for the Premier League champions this past season and is reportedly keen to return to Spain. Press Associationcenter_img Atletico Madrid president Enrique Cerezo has revealed his club is in talks with Chelsea regarding left-back Filipe Luis’ possible return to the Vicente Calderon stadium this summer.last_img read more

Joe Biden under Pressure to Respond to Assault Allegations

first_imgWe will finally hear from former Vice President Joe Biden this morning about the intensifying allegations of sex assault against him.Former Senate aide Tara Reade says then-Senator Joe Biden sexually assaulted her in 1993. The Biden campaign has said “this absolutely did not happen.” The former vice president will be asked about the allegation tomorrow on Morning Joe on MSNBC.President Trump thinks Joe Biden should respond to accusations of sexual assault against the presumed Democratic presidential nominee. Adding that the allegations by former Senate staffer Tara Reade could be false.Trump also said he knows “all about false accusations.” The president has been accused of sexual misconduct by over two dozen women. He also compared Biden’s situation to that of Supreme Court Justice Brett Kavanaugh, who was accused of misconduct during his nomination.last_img read more

The Latest: Aguero teaching British kids to count in Spanish

first_imgThe Latest: Aguero teaching British kids to count in Spanish April 20, 2020 Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Manchester City striker Sergio Aguero has been using some of his spare time in lockdown to teach British kids how to speak Spanish.center_img More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 The Argentina international has been signed up by the BBC as part of its home-schooling initiative while educational establishments are closed during the coronavirus pandemic.Aguero is teaching kids how to count in Spanish. His lessons became available on a day kids in Britain would have usually returned to school after the Easter holidays.Aguero says “it’s a tough time for children at the moment, and also for parents trying to keep them focused on their education from home.”Aguero hasn’t played a competitive match since March 8 because soccer is shut down in England and across most of the world during the outbreak.___last_img read more