Former USS deputy CIO to lead in-house team at West Midlands

first_imgHe replaced Mark Chaloner as head of the investment team.Fletcher had been at USS since 1995, having joined from British Airways Pension Fund.He started at USS as head of Asian equities (ex Japan), before moving to the scheme’s Americas desk in 1999.This included responsibility for a Latin American portfolio before it was transferred to another team.Between 2007 and 2012, Fletcher also shared the role of deputy CIO at USS in addition to leading the Americas equities team.The deputy CIO roles were devolved in 2012, when Fletcher became deputy head of equities in addition to his role as head of North American equities.WMPF has been restructuring its portfolio and last year introduced an in-house actively managed global equities portfolio.The fund is one of the eight local government pension schemes (LGPS) forming the £32.6bn Central asset pool.Drever is WPMF’s programme director for investment pooling, with Fletcher expected to have some involvement in this, too. The former deputy head of equities at the UK’s largest pension fund has joined the £11.5bn (€15.7bn) West Midlands Pension Fund to lead the local government scheme’s in-house investment team.Jason Fletcher joined WMPF as assistant director of investments on 16 September.He joined from the Universities Superannuation Scheme (USS), where he was head of North American equities and deputy head of equities until April.At WMPF, Fletcher reports to Geik Drever, the head of the pension fund.last_img read more

UK’s NEST quits smoking in two-year tobacco divestment project

first_imgThe UK’s largest defined contribution (DC) master trust is giving up on the tobacco industry because it does not think it will be viable in the long term.The National Employment Savings Trust (NEST) today announced it would be excluding tobacco from its entire portfolio, a process that it estimated would take up to two years.The auto-enrolment provider’s exposure to tobacco was worth around £40m (€45m) today, it said.In NEST’s view the tobacco sector was a dying industry, facing stricter worldwide regulation, increasingly aggressive legal action by governments, and falling global smoking rates. “In our opinion, tobacco is a struggling industry which is being regulated out of existence,” said Mark Fawcett, CIO of the £6bn pension fund.“We have not taken this decision lightly but we don’t think it makes sense to continue investing in an industry whose business model looks increasingly unsustainable.”NEST has already excluded tobacco from its ESG emerging markets fund and commodities fund, and it said other external fund managers had agreed to support the divestment decision.Sergei Strigo, co-head of emerging markets fixed income at Amundi, said: “We do not see attractive risk reward of the tobacco sector in the emerging market bond universe and the market share is fairly modest in the emerging market debt space.“NEST’s decision to go tobacco-free is consistent with Amundi’s ESG view to cap tobacco companies in our lowest two ratings before exclusion.”Amundi has run emerging market debt investments for NEST since 2016.Other European pension investors have recently announced decisions to divest from tobacco.Earlier this month Sweden’s AP2 said it was doing so as part of a decision to realign its approach with “the underlying purpose” of international conventions. The World Health Organisation Framework Convention on Tobacco Control targets a sharp reduction in tobacco consumption and the harmful effects of tobacco smoke.Last month AP2’s compatriot, pension and insurance company Länsförsäkringar, said it had sold all its holdings in tobacco producers, saying they had become an increasingly poor investment choice and had negative social and environmental impacts.In March Varma became the first Finnish pension provider to sign up to the Tobacco-Free Finance Pledge, an initiative founded by campaign group Tobacco Free Portfolios.last_img read more

Paul George Strassinger

first_imgPaul George Strassingerof Cincinnati, Ohio, formerly of Aurora, IN, passed away January 6, 2018 in Cincinnati, OH .He was born October 17, 1918 in Wilmington, IN, son of the late George Strassinger and Lydia Busse Strassinger.Paul was the oldest living graduate of Aurora High School and a proud graduate of Indiana University. Paul served his country in the Army during WWII. While in the Army, Paul played the clarinet for the Army Band. He was a lifetime member of St. John Lutheran Church Aurora. Paul was Baptized 11/24/1918 by Pastor Fisher, Confirmed 05/1932, by Reverend Dau, was a church Elder, and served as the church treasurer and was a volunteer at The Hillforest Mansion for many years.Paul worked as an Accountant for United States Drill Head Co., retiring after over 30 years of service.Surviving are his nephew, William “Bill” (Kelly) Fisher of North Bend, OH; nieces, Nancy DiBlasi of Long Island, NY, and Patti (Jeff) Anderson of Boca Raton, FL; several great nieces and great nephews. He was preceded in death by Father, George Strassinger, Mother, Lydia Busse Strassinger, sisters, Dolores Fisher and Marjorie Strassinger.Friends will be received Wednesday, January 10, 2018, 12:00 pm – 1:00 pm at the Rullman Hunger Funeral Home, 219 Mechanic Street, Aurora, Indiana.Services will be held at the Funeral Home, Wednesday at 1:00 pm, following visitation with Pastor Edward A. Davis officiating.Interment will follow in the River View Cemetery, Aurora, IN.Contributions may be made to St. John Lutheran Church Aurora, Hillforest Historical Society, or Charity of Donor’s Choice. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.comlast_img read more

Weld still hopeful for Rules

first_img Trainer Dermot Weld has a close eye on the weather ahead of the showpiece five days and would not have been too thrilled to see the Berkshire track mainly escaping the rain that has hit many parts of the country. Speaking at Navan on Saturday, he said: “He’s in great form and we’re very happy with him. As has been well documented, the ground is vital. Unfortunately Ascot missed all the thunderstorms, but we’re very hopeful. If the ground is safe he’ll run. He’s a very high-class horse.” Brown Panther was ruled out earlier in the day after suffering a setback. The Tom Dascombe-trained seven-year-old passed the post a close fourth in last year’s renewal of the prestigious two-and-a-half-mile contest before going on to claim Group One glory in the Irish St Leger at the Curragh. Having looked as good as ever when making a winning return in the Dubai Gold Cup at Meydan in late March before a narrow reverse in last month’s Yorkshire Cup, Brown Panther was set to return as a leading contender. Part-owner and ex-footballer Michael Owen posted on Twitter: “A bsolutely gutted to announce that Brown Panther injured his near fore leg this morning and is out of the Ascot Gold Cup on Thursday.” Dascombe is unsure how long Brown Panther is likely to be sidelined for. He said: “He suffered an injury this morning and he needs some anti-inflammatories, so he won’t be able to run on Thursday. “At this stage we don’t know the extent of the injury, so I can’t tell you any more. “It’s very disappointing.” Press Associationcenter_img Ante-post favourite Forgotten Rules remains in contention for the Gold Cup at Ascot on Thursday.last_img read more

Indian batsman K.L. Rahul donates 2019 WC bat & other memorabilia for auction

first_imgMumbai: Indian batsman K.L. Rahul, along with his brand Gully, has donated a lot of his cricket memorabilia, including his 2019 World cup bat, for auction. All the proceeds from the auction will go to the ‘Aware Foundation’. Talking about the same, Rahul, who recently celebrated his 28th birthday, said: “Since it’s a special day for me, me and Gully have decided to something very sweet and something very special.“I have decided to donate my cricket pads, my gloves, helmets and some of my jerseys to our collaboration partner Bharat Army. They are going to auction these things out and the funds will go towards the Aware Foundation.” IANSAlso Read: KL Rahul must open with Rohit as Kohli is back at No. 3: V.V.S. LaxmanAlso Watch: War against COVID-19: Assam Health Department signs 22 MoUs with private hospitals in Silcharlast_img read more

Blarmont CC awards ceremony

first_imgFoster urges cricketers to develop culture of hard work and dedicationLONG-serving Secretary/CEO of the Rose Hall Town Youth and Sports Club, Hilbert Foster, last Thursday issued an appeal to young cricketers at the Blairmont Cricket Club (BCC) to develop a culture of hard work, dedication and positive attitude if they can, to have a successful cricket career. Foster was at the time giving the feature address at the Blairmont Community Centre Main Hall.Foster told the attentive cricketers that success is only achieved via hard work, sweat and there was no short cut to glory. He stated that players who want to become a good batsmen must concentrate on batting and work hard on correcting faults while bowlers must spend hours in the nets working on varieties and pace.Players like Basil Butcher, Rohan Kanhai, Roy Fredericks, Alvin Kallicharran all came from poor background but were determined to succeed against all odds and as such worked hard to fulfil their dream of playing cricket at the highest level.Foster spoke widely on the formula that youths should use to be successful in life and they included getting a proper educational background, saying No to Drugs and Alcohol, respecting parents and those in authority, (placing) full faith in the God you serve, avoiding criminal activities, choosing friends wisely and always aiming for the sky despite the challenges you face in life.Foster also urged the Blairmont club to develop a culture of assisting others as no matter how poor you are, there is always someone poorer than you. He also advised the youths that they should avoid friends who encourage them to follow the evil ways of Satan.True friends, he stated, encourage you to fulfil your dreams to serve the God you believe in and to Say NO to Drugs, Crime, Suicide and Alcohol.The RHTY&SC Secretary/CEO also urged the large gathering of parents not only to support the outstanding work of the Blairmont Club but also to strive always to be the best role model to their children. He urged parents not to consume alcohol, curse or use illegal drugs in-front of children and to make sure that they inspire them to fulfil their potential in sports, culture and education.Turning his attention to cricket administrators, the former chairman of the Berbice Cricket Board’s Special Events Committee pleaded with them to always put the interest of the cricketers first.He stated that administrators are there to serve the cricketers and not to seek personal glory or to benefit from serving youths. Calling on leaders to be more visionary, he noted that cricket administration is about not only organising matches but also making sure that every young cricketer understands his/her role as a representative of Berbice, Guyana, the West Indies and their status as a positive role model.He advises the RHTY&SC to continue playing a major role in Berbice and noted that the Club would always be a friend of Blairmont Cricket.The RHTY&SC during the ceremony donated three trophies, twelve cricket medals and Youth Information booklets and some gifts for the top Blairmont cricketers under its Cricket Development Programme. The RHTY&SC M.S. in April had also assisted the Blairmont club with balls, bats and cricket stumps.last_img read more

New initiative focuses on green offices

first_imgAfter receiving a C+ on the Sustainable Endowment Institute’s College Sustainability Report Card last year, USC is now looking to bolster its green practices by reaching out to both students and faculty with a new initiative that encourages offices to make their workplace greener.The USC Green Office Certification Program, headed by USC Sustainability Program Manager Matthew Oden, aims to help offices within the university implement sustainable habits. The program, which kicks off with a training session Thursday, evaluates the sustainability of individual offices and awards them a bronze, silver, gold or platinum rating.Oden said the certification program’s main goal is to educate people on types of activities and basic changes that can be made to “go green.”“A common question I get asked by staff is always, ‘What can I do?’” Oden said.Oden said he hopes that by supporting basic changes in USC’s workplaces, the program, which officially launched on Friday, can become a tool to make major strides toward sustainability at the university.Through the program, offices will be evaluated based on factors such as tendency to recycle, choice of lighting fixtures and use of Energy Star-qualified electronics whenever possible. Offices will have access to a “green” calculator, where they can input information about their practices and see their green rating. An official evaluation is then conducted before a certificate noting the office’s green rating is awarded.Though some think the program is a step in the right direction, others said they think motivating their offices to participate will be a challenge.Mansour Rahimi, associate professor of industrial and systems engineering at Viterbi and an expert in workplace design, said although the program is a good step toward educating people, he thought it would be hard to convince staff members to participate.“Staff are already under a tremendous time pressure,” he said. “For them to take extra time to perform new tasks takes away from their daily routine.”Rahimi suggested that although the program may be an effective awareness campaign, it would need to be written into job descriptions and more attention would need to be paid to a clear task reward system.Concerns were also raised about of the financial costs associated with going green — from buying Energy Star electronics to switching to fair-trade coffee.But Oden insisted that costs would ultimately be minimal, and the program would help foot a small portion of the bill by providing complimentary signage and stickers for offices to publicize their green practices.When it comes to the larger purchases, such as computers or printers, Oden said he doesn’t expect offices to purchase all new products immediately but to gradually change their purchasing habits.“We want people to be thinking, ‘Next time we make that purchase, we’ll go and buy eco-products,’” he said.The program aims to include both students and faculty members. According to Shana Rappaport, a graduate student studying communications management who is closely involved with the certification program, it makes the definition of “office” purposefully broad to be as inclusive as possible in inviting participants; even student organizations can participate.“An office can be a room on a floor that has five people in it,” Rappaport said. “Or it can be an entire floor and multiple departments.”Though there is no reward for earning a high rating — besides a certificate — Rappaport said offices should want to participate to make the school greener.“USC takes a lot of pride in itself, and as environmental issues increase in importance, taking steps towards sustainability is something that our students, faculty and staff can all take pride in,” she said.The hope is that once stickers and certificates make their way into offices as part of the Networking & Awareness category of the program, more people will be compelled to participate. Oden and Rappaport hope to have 100 offices certified by the end of the academic year.last_img read more

Syracuse uses high-powered offense in 14-10 defeat of Duke in ACC semifinals

first_imgCHARLOTTESVILLE, Va. — Kayla Treanor put her arm around Riley Donahue, then Donahue dropped both fists below her waist and flexed while facing Halle Majorana, who smacked sticks with her.Donahue was celebrating SU’s 13th goal with the team’s two leading scorers. But they combined for two goals and she had three.Duke’s face guard and double team of Treanor forced her to distribute, but she didn’t commit a turnover for only the third time this season.“We talked about before the game that when she draws two, move the ball quick,” SU head coach Gary Gait said, “we’ll find some easy openings.”And the Orange did.AdvertisementThis is placeholder textIn No. 6-seed Syracuse’s (13-6, 3-4 Atlantic Coast) 14-10 win over No. 2-seed Duke (14-3, 5-2) in the ACC tournament semifinals, it was SU’s diverse offense that made the difference on Friday afternoon at Klockner Stadium. The Orange will face No. 1-seed North Carolina (15-2, 6-1) on Sunday at 1 p.m. in the championship game.While Treanor, SU’s most dangerous offensive threat, was held scoreless, five separate goal scorers helped SU go on a 7-0 run to turn a four-goal deficit into a three-goal lead. The stretch proved to be the game-deciding one for Syracuse.“Even though we were down, we just stuck to the game plan,” Gait said. “Kept working hard, got some opportunities, got a little energy, momentum.”The run began when Taylor Poplawski ran past Duke’s Stuart Humphrey and finished a sidearm right-handed shot. Even Poplawski, who only had six goals on the season entering Friday’s game, got in on the action, scoring another goal later in the game. At halftime, the two teams were tied 6-6 and Syracuse had six different goal scorers.When the two teams played on March 28, the Orange tied the game five times but never took the lead. Two minutes into the second half, Donahue scored right in front of the crease off a pass from Treanor and SU showed that this matchup would be different.“In the past few weeks, they’ve definitely been connecting more on those inside looks,” Duke head coach Kerstin Kimel said.Duke’s Isabelle Montagne was tasked with guarding Treanor through the game. She said the Blue Devils had trouble keeping up with the Orange’s off-ball players, which is what caused her defense the most problems.With 18 minutes left in the game, Treanor held the ball on the side of the net as she pointed to different spots on the field. Poplawski received a pass from her at the top of the 12-meter arc and started running toward the net. No one on Duke moved close enough to defend Poplawski, who unloaded a low shot for a goal.It put Syracuse up 11-7, giving SU its biggest lead of the game and forced Duke to call a timeout.“If they’d come and double, they were pressuring the ball a lot,” Treanor said. “Just moving the ball to the open person and everyone stepped up and finished their opportunities.”Within a 20-hour span, Syracuse beat two Top-10 teams that it lost to during the regular season.And when SU faces UNC on Sunday, it will have a chance to get revenge once again. But when these teams met two weeks ago, the Orange suffered its most lopsided loss in two years. Whether it’s Treanor or the rest of the offense, Syracuse will have to click like it has in the past two games.“We have a lot of great offensive players who move the ball really well,” Donahue said. “I guess we’ve been doing a better job of cutting and getting open.” Comments Facebook Twitter Google+ Published on April 24, 2015 at 8:40 pm Contact Paul: | @pschwedslast_img read more

Clonmel suffer defeat to Malahide

first_imgA second try in quick succession saw them extend their lead to 15-3- Clonmel responded and clocked up a further 3 points follwed by another 3 to bring it to 15-9 but Malahide then powered ahead converting a try followed by two more and in the end it finished 34-9 Clonmel RFC have been roundly defeated in their Provincial League Championships Round Robin series clash this afternoon.The South Tipp side which saw off Ballina last weekend travelled to Malahide for the League encounter and while their opened the scoring after 20 minutes to clock up 3 points on the board, the North Dublin outfit quickly equalised.Malahide then converting a try bringing the score to 10-3 for the home side . Photo © Mulcahy Constructionlast_img

La Liga Review (Sunday): Madrid Close Gap On Top Two With Eibar Win

first_imgMatchday 9 Results (Sunday):Leganes 1-0 Athletic BilbaoReal Madrid 3-0 EibarVillareal 4-0 Las PalmasCelta Vigo 0-1 Atletico MadridStandings:Barcelona 25 pointsValencia 21 pointsReal Madrid 20 pointsAtletico Madrid 19 pointsLeganes 17 pointsVillareal 16 points Spanish champions Real Madrid knew they couldn’t afford to drop more points in the league and that mindset prompted the team to a straightforward 3-0 win over lowly Eibar at the Estadio Santiago Bernebeu on Sunday night.Young Spanish international forward Marco Asensio was the star of the show as he forced an own goal out of Paulo Oliviera for the game’s opening goal before scoring the second to give the European champions a 2-0 lead at halftime. Brazilian defender Marcelo has been underfire for tax issues and he responded to those criticism with a late strike to help his side to a comprehensive victory over their lowly opponents.City rivals Atletico Madrid also recorded a win on Sunday following their 1-0 win against Celta Vigo at Balaidos. French striker Kevin Gameiro got the only goal of the game for Diego Simeone’s men as they bounce back from their disappointing goalless draw with Qarabag in the UEFA Champions League (UCL).The win for Real Madrid takes them to within one point of second-placed Valencia and five point off the top spot presently occupied by their arch rivals Barcelona. Relatedlast_img read more