first_imgIn contrast, low-volatility manager Quoniam performed worst, it said.The pension fund credited its currency hedge for contributing 3.1 percentage points to its overall gain of 7.5%. The €25.5bn pension fund of Dutch banking group Rabobank has slashed its equity holdings by almost 5 percentage points in favour of government bonds and credit.In its annual report, it indicated that its decision had been triggered by the growth of its equity portfolio, which yielded 9.2% last year.It reduced its equity exposure to 38.2% at the end of 2017.Emerging markets in particular performed well, the scheme said, with asset manager Fidelity outperforming its benchmark by almost 6.7% while focusing on quality and growth. Rabobank’s headquarters in Utrecht, NetherlandsRabobank’s 40.4% fixed income allocation gained 0.2% overall, largely due to its credit holdings, which benefited from a reduced risk premium as a result of improved economic conditions, as well as the ECB’s quantitative easing programme.With a yield of 8.6%, infrastructure had performed well for the fifth consecutive year, according to the Rabobank Pensioenfonds.It cited “enthusiasm among governments embracing new projects” as well as the development of data sets and benchmarks.Rabobank has targeted a 2.5% allocation to infrastructure, which it expects to achieve by 2020.The scheme attributed the 0.2% profit from its private equity holdings predominantly to the J-curve effect of the portfolio, which is still under construction, as well as the currency effects of the US dollar.Commodities and high yield credit returned 5.9% and 6.2%, respectively.The annual report showed that residential property had significantly contributed to the 8.7% gain on the scheme’s overall property portfolio, which made up 10% of its total assets. Portfolios managed by Syntrus Achmea Real Estate & Finance and Bouwinvest Residential Fund delivered 19.5% and 15.6%, respectively.It added that it wanted to make 15% of its residential property energy-neutral by 2030.The Rabobank scheme also reported that it had divested its Dutch office and retail holdings, and that it was planning to gradually sell out of its international funds.The pension fund said its sponsoring employer had made an additional contribution of €160m to guarantee that annual pensions accrual could be maintained at 2%, as a consequence of an agreement with the trade unions when it switched to collective defined contribution arrangements in 2013.It granted its participants a 0.2% indexation last month. At June-end, its coverage ratio stood at 117.7%.Last year, the scheme saw a sharp decrease of the number of active members, which dropped by 4,600 to 27,924 in the wake of reshuffles within the business.As a result of the falling number of contributing employees, administration costs rose from €236 to €241 per participant and the number of pensioners’ representatives on the board and the accountability body had increased relative to workers’ delegates, the scheme said.last_img read more

first_img… Tournament hailed as a successPOLICE Football Club last evening received their spoils for winning the inaugural Corona Invitational Football tournament earlier this month.Speaking at the presentation ceremony at the Bransville Hotel, Troy Mendonca, co-director of the tournament organisers Petra contended that the tournament was a success.“We (Petra) want to congratulate all 12 teams. Pleased with the team turnout and that they were ready to start at 17:00″hrs.Mendonca continued, “We are very happy with the response of the tournament.”“You’ve made Top Brandz very proud to be a part of the tournament. Corona is looking forward to continuing to support the football industry in Guyana,” Gabriella Chapman, promotions coordinator of the company, said.Apart from winners Police pocketing $1M, losing finalists GFC collected $400 000, third-place finishers Western Tigers carted off $200 000 and Northern Rangers took home $100 000.Darius Frank of Police was adjudged the Best Keeper while the Highest Goalscorer was Andrew Murray with 12 goals and Dwain Jacobs of Police picked up the MVP award.Police routed hosts Georgetown Football Club (GFC) 4-0 in the final to win the tournament after a strong performance.last_img read more

first_imgMonish Tyagi and Logan Lachman, who are running for Undergraduate Student Government’s president and vice-president, are one of the more experienced tickets on this year’s ballot.Experienced · Monish Tyagi (left) and Logan Lachman want to extend the hours of the restaurants in the Ronald Tutor Campus Center. – Jennifer Schultz | Daily Trojan Both candidates have been involved with USG since their first semester as freshmen. Tyagi, a junior majoring in cinema-television production, is currently the director of USG’s Campus Affairs committee. Lachman, a sophomore majoring in communication, is a current USG Greek senator.Tyagi and Lachman believe their experience in groups ranging from Greek Life to Troy Camp to club sports allows them to connect more with fellow students and become more effective leaders in USG.“USG is by far my biggest passion here at USC,” Tyagi said. “From day one, I saw the power that USG had to work with students. This place has really become my home and what I really love about USG is that it’s such a tangible way to give back.”The two candidates constructed a campaign strategy and platform that reflect their commitment to fellow students as well as their desire to encourage a more unified and involved student body.Part of their plan to foster an increasingly active student life on campus includes working with Student Affairs to extend the hours of the Ronald Tutor Campus Center and to play music in the courtyard.“The Ronald Tutor Campus Center has been such an amazing addition to campus,” Tyagi said. “We want to keep that going and build upon it to really make it a driving force behind student life on campus.”In addition to working with Student Affairs, Tyagi and Lachman hope to unify the student body by coordinating with other campus spirit organizations to help create a more centralized student section for basketball games and events prior to the games.“This school is amazing and has so much to offer,” Lachman said. “Some people might not know how to get involved but everyone is able to, and I really hope that’s the one thing we can do if we are elected, to make everyone in this school feel unified and a part of something.”Tyagi and Lachman plan to get students more involved by providing input on various programs, such as concerts, guest speakers and Visions & Voices events. They hope to increase the amount of communication among various students and organizations as well.“For this to happen we want to hold more types of events that will connect students, student organizations and USG,” Lachman said. “We want to connect administrators to students, but also students to students because they don’t necessarily get to communicate the way they should, so we want to create a central hub to put everyone together the way they should be.”Their platform also includes goals like increasing opportunities for students to find on-campus jobs, creating an alumni mentorship program, adding a fall break, improving the tram system and focusing more effort on sustainability initiatives for both on- and off-campus housing.Since beginning their campaign Monday, Tyagi and Lachman have made a point of personally interacting with students campus.They have also tried to lighten the mood of election season with their hot pink campaign shirts, posters featuring caricatures of themselves and campaign videos that play off of the popular Dos Equis advertisements starring “The Most Interesting Man in the World.”“We just want to get students excited because this election could get pretty intense and pretty serious, as it should be, but at the same time there is a lot of fun surrounding it,” Tyagi said. “It’s been really great to see USC students so excited about the election.”For more coverage on the 2011 USG elections, click here.last_img read more

first_imgThree hundred and sixty four days ago, Camp Randall roared.The normally solid red bowl was freckled black. Nebraska was finally in town. But little to its knowledge, Nebraska was about to receive one of the worst welcomes to the Big Ten it could have feared.It was highly touted as one of the biggest matchups in the Big Ten last year, but when the final score flashed on the scoreboards, the 48-17 decision seemed more like an ass-kicking rather than a battle of epic proportions.After quarterback Taylor Martinez threw three interceptions and Montee Ball scored four touchdowns, the Cornhuskers faced embarrassment as they were largely expected to run the conference slate in their move from the Big 12.With Nebraska playing host to the rematch this season, the Badgers are excited to get their first chance to play in Lincoln in an atmosphere that’s said to rival Madison’s.“I’ve heard there’s a really great atmosphere there,” junior center Travis Frederick said. “I hear they do things a little bit different than other teams, but I’m excited to get down there. I heard it’s a great stadium, a great atmosphere, a great crowd. Obviously they’re going to be loud and its kind of fun to play road games.”After a solid 210-yard passing performance last week, redshirt freshman Joel Stave will start under center in the conference opener. Senior running back Ball also said there was “no doubt” he will play this week despite sitting out most of the UTEP game after sustaining a concussion near the beginning of the second quarter.“I know I don’t want to sit out of the game,” Ball said.With 213 yards on the ground against UTEP, the offensive line and the running game finally looked like they were starting to gel – elements that had been missing in the previous three weeks.With a stronger looking offense in its final nonconference game, Frederick feels the O-line – despite all its drama previously this season – is ready for what lies ahead.“I think that we’ve taken several good steps and I think we’re working in the correct direction,” Frederick said of the offensive line. “If we continue to take those steps – I think we are going to take a step this week – we’re definitely going to be ready for the Big Ten season.”While the Badgers hope their new-found offensive vibe finds its way to Lincoln, the Huskers are optimistic quarterback Taylor Martinez will continue his stellar season.Martinez, a dual-threat quarterback, reworked his throwing motion in the offseason and has seen it pay dividends through the nonconference season. The 6-foot-1, 200-pound junior has thrown for 878 yards and nine touchdowns, with only one interception, this season.Wisconsin’s defense is aware of Martinez’s revamped game but still remains confident it will be able to test him.“We just have to keep our eyes on him and know whether it’s a pass, and if it’s a pass he could take off and run and get our eyes back on him,” senior linebacker Mike Taylor said. “If he breaks out, breaks contain, we’ve got to have good pursuit and get to the ball.”While Martinez has overhauled his game, Wisconsin is also keying in on Nebraska’s run game, which has scored 14 touchdowns this season.Central to that running game is senior Rex Burkhead. Burkhead has missed a few games this season, but on 11 rushing attempts this season, he’s racked up 187 yards and three touchdowns.“You’ve got to play sound,” junior linebacker Chris Borland said of UW’s rush defense, which has allowed only one touchdown in 2012. “You’ve got to be in the right place when you’re supposed to be there and then you’ve got to tackle. … They’re a great group of players so you’re going to have to do both your scheme and play well.”For the first time this season, Wisconsin hits the road as a true underdog. From the short history between both teams and Wisconsin’s recent stumbles, odds are against the Badgers as they travel to Nebraska.“For us it just comes [down to] doing what we do,” Frederick said. “Coming out and practicing the way that we do all week and hopefully going out and playing the game as well as we have played – obviously taking a step forward. I think it comes down to just being who we are.”Follow Kelly on Twitterlast_img read more