. The kitchen features a volcanic lava bench.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour ago02:37International architect Desmond Brooks selling luxury beach villa21 hours agoIf only the walls could talk.“The seller wanted to take the property to auction, and it sold prior,” said Mrs Hickey.“He wanted to move his asset portfolio so this was the right time to sell the property, he never actually stayed there.”The seller reportedly bought the residence about a year ago on a golfing weekend from its previous owner, a celebrity doctor, who was responsible for luring the star tenants.But those days are now over.“The buyers are a local family, and they are moving in,” Mrs Hickey said.“They are going to make a few changes to the property, add on a couple of garages.”As it is, the two-level property’s features include a magnesium pool, tropical landscaped gardens, master suite with private balcony, and 24-hour security. CELEB GETAWAY: 6256 Spyglass Hill, Hope Island has sold for $2.86 million.IT’s been a rock star residence but now the proverbial red carpet is being rolled up for more family-friendly occupants.The Sanctuary Cove mansion on Spyglass Hill has been an escape for a multitude of stars, from the Jolie-Pitts before their split, to Pink, Harry Styles, Dave Grohl, Paris Hilton and Johnny Depp. STAR POWER: Some of the celebs who stayed at the Sanctuary Cove residence.“It was a very popular house for celebrities to stay in because it’s very private, it’s on 2000sq m, no one can see into the house,” said Wendy Hickey of Hope Island Resort Realty, who marketed the property with husband Warren Hickey. The five-bedroom, six-bathroom luxury home sold for $2.86 million, slashed from the $3.5 million its wealthy Chinese seller originally wanted. It’s completely private from prying eyes.“Because it’s in a gated community in Sanctuary Cove, the open homes were quite challenging, we had to be aware of open home,” said Mrs Hickey.The sale comes after a change in marketing agents — the property was first listed in April this year.It was on the market for about 40 days with the Hickeys before it sold.The couple handled the highest sale on the Gold Coast this year — a “secret home” at Hope Island changed hands for $16.75 million. The property is one of Sanctuary Cove’s two largest blocks.
In the UK, the reduction was 2 percentage points. However, a slower rate than previously seen, given average equity allocations, fell by 27 percentage points over the last 10 years.A decrease in exposure to domestic equities continued as European funds diversify, and was matched with an increase to emerging markets.Almost half of the European funds now have allocations to these markets, a 13 percentage point increase from last year.The predicted shift of scheme fixed income allocations towards corporate bonds has also yet to materialise on a macro level.However, Mercer singled out Germany, the Netherlands and Sweden as markets where this was prominent.The UK’s shift to using index-linked instruments continued, with the proportion of fixed income assets matching inflation now 69%, up from 55% over the last two years.Overall, the funds allocated 13% to domestic equities, 21% to non-domestic and 52% to fixed income.Alternatives grew to 9% while property made up 3% of allocations. However, the impact of these asset classes varied significantly across the 14 countries.Swiss funds allocated 14% of assets to real estate, while Danish funds 20% to alternatives.In comparison, French schemes only allocated 1% to each and held 22% in domestic equities.Belgium still remained the country with the highest average allocation to equity, followed by Ireland and Sweden.Norway and Germany led the way in terms of fixed income, with schemes allocating more than 65% of assets.Within alternatives, 41% of the funds had allocations to real assets, such as core property and infrastructure, with an average allocation of 6%.Growth-orientated fixed income allocations were held by 27% of schemes and mainly consisted of emerging market debt and high yield.Almost a fifth (17%) held hedge fund allocations. However, Mercer reported no fund-of-funds searches for the second year running, as schemes tire of the double-layer fee approach and allocate directly.Mercer saw a 3 percentage point increase in the proportion of schemes conducting LDI strategies from last year, but stressed this was dominated by schemes larger than €500m.Only 12% of funds said they had not considered the strategy at any level, a figure that hit 29% last year.Mercer’s European director of strategic research, Phil Edwards, said that, despite the relatively small increase in LDI use, the management of risk remained a concern for trustees.“The complexity and governance challenges around LDI may have acted as a barrier for smaller schemes in the past,” he said.“Given the range of pooled and delegated LDI approaches now available, we expect to see the gap in take-up between large and small schemes reduce over time.” The proportion of European pension funds ruling out implementing liability-driven investment (LDI) strategies has plummeted over the last year as awareness increases, research shows.Mercer’s annual European asset allocation survey found increasing allocations to matching assets, typically used in derivative-based LDI strategies.Overall, the consultant’s research, conducted across 1,200 schemes in 14 European countries, found a return towards the alternative asset class, after seeing a fall in the year previous.It also reported a slowdown in the falling exposure to equity markets, with the average allocation only falling by 1% across Europe.
Mats Zuccarello signs $30M, 5-year deal with Wild.— Stephen Whyno (@SWhyno) July 1, 2019Clearly, Wild general manager Paul Fenton took notice.Zuccarello, 32, should be able to upgrade the Wild’s power play, which finished 14th in the league last season. Prior to the 2018-19 season, Zuccarello led the Rangers in scoring for three consecutive seasons. The diminutive winger is best known for his fearlessness on the ice, his vision and his knack for setting up his linemates. Over the last three seasons, Zuccarello’s 0.82 primary assists per 60 minutes at 5-on-5 ranks 42nd in the league among forwards who have played at least 1,000 minutes. Generally speaking, the winger’s play away from the puck has been underrated during his career. Zuccarello proved himself to be a proficient penalty killer in New York but was seldom on the ice when the Stars were down a man in the 2019 Stanley Cup playoffs. Before being traded, Zuccarello was clearly one of the Rangers’ most influential forwards when he was on the ice. He had a 3.28 Corsi For percentage (Rel CF%) and a 4.27 Expected Goals For percentage (Rel xGF%) relative to other Rangers’ forwards last season. Free agent forward Mats Zuccarello has signed a five-year deal worth $30 million with the Minnesota Wild on Monday. The veteran winger’s contract will carry a $6 million cap hit.Despite the fact that he broke his arm shortly after the Dallas Stars acquired him from the New York Rangers, Zuccarello’s vision and creativity made a big impact for Dallas in the playoffs. He clicked well with Roope Hintz and Jason Dickinson on the second line and provided some much-needed scoring depth. Zuccarello finished the postseason with 11 points in 13 games, sharing the scoring lead on the Stars with Tyler Seguin. With all of that being said, it’s surprising to see Wild GM Paul Fenton give Zuccarello this amount of term. With the Norwegian winger on the books, the Wild now have over $22 million tied up in four forwards who are 32 or older. Make no mistake, Zuccarello can move the needle for Minnesota both at even strength and on special teams, but he will be 37 when his contract comes off the books on July 1, 2024.Minnesota needs to get younger; they did add a young right winger in Ryan Hartman, 24, on Monday at two years, $3.8 million. All contract information from CapFriendly.com, all data from NaturalStatTrick.com.