Bright future for the Black Country

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Pension fund for Douwe Egberts ramps up risk profile with new strategy

first_imgThe return portfolio is to be increased to 50% of total assets, partly by raising the allocation to developed-market equities from 25% to 30%.The DEPF is also thinking to increase exposure to indirect property and emerging market equities from 5% to 7.5%, while ramping up holdings in emerging market debt, from 2.5% to 5%.The scheme will divest its 2.5% commodity allocation entirely.The DEPF expects to maintain its new investment strategy for at least the next three years.As part of the portfolio reshuffle, it adjusted the allocation of the €50m financial reserve aimed at indexation for its 2,225 active participants, which had been fully invested in credit.It replaced one-quarter of the portfolio, which generated 9.7% in 2014, with develop-market equities.The scheme also introduced a dynamic interest-risk hedging policy – in increments of 35%, 50%, 65% and 80% – with the level of cover following interest rates.It will reduce the interest hedge from 50% to 35% this year as a consequence of the new policy.Last year, the Douwe Egberts scheme reported an 18.8% return.It warned that it may be unable to grant indexation on 1 January, as its official policy funding ratio was 110.9% as of the end of September.Under the new financial assessment framework (nFTK), pension funds are prohibited from paying inflation compensation if their policy coverage is less than 110%. The €1.7bn Dutch pension fund of coffee producer Douwe Egberts (DEPF) is planning to increase its return portfolio to increase the potential of generating long-term returns. The adjustment will come at the expense of its 60% matching portfolio, which the scheme will cut to 50% of total assets.The DEPF said it would reduce holdings in long-term government bonds and interest swaps from 31% to 25%, while lowering its credit allocation from 24% to 20%.It will maintain its residential mortgage exposure at 5%, however.last_img read more

Title Washing May Affect 8,000 Indiana Cars, 80K Nationwide

first_imgIf you’re in the market for a used vehicle make sure you do the proper research before purchasing. A scam known as title washing is making its way across the country and could impact consumers in Indiana.“This is an emerging scam that is happening across the country that is a little bit like changing the grade on your report card, only with much more dire consequences,” explains Chris Basso with Carfax, a web-based service that supplies vehicle history reports.Con men illegally alter vehicle documents to remove major problems indicated on a car’s title, duping unsuspecting consumers into buying potentially dangerous cars.Scammers may also relocate the vehicle to another state, such as Indiana, to obtain a clear title.Basso estimates title washing may affect nearly 80,000 cars on the road in the United States and approximately 8,000 in the Hoosier State.The reselling of flood-damaged cars made national headlines following weather-related events such as superstorm Sandy in 2012 and Hurricane Katrina in 2005.“Buyers in states like Indiana don’t expect for flood cars to make their way from states more susceptible to flooding like the Northeast or Mid-Atlantic,” Basso said.“Anybody that bought these cars previously may not know they are driving them and some of these cars may be up for sale. If you are in the market for a used car it is definitely something used car shoppers need to be on the look-out for.”He added that dishonest sellers may target consumers who are more concerned about the price of the vehicle.Basso recommends getting a vehicle history report, take a test drive and get a mechanic inspection before you buy.“Those three things are key to protecting yourself. Simply asking questions of the seller, whether it’s an individual or dealer, can help separate the good guys from the bad guys,” Basso added.last_img read more

Decatur County United Fund awards special grant

first_imgDECATUR COUNTY, Ind. — The Decatur County United Fund has awarded a special grant to The Community Healthcare Clinic of Decatur County.The $1280.97 grant will be used to purchase a new computer, monitor, printer, backup system, phone, vacuum cleaner, and office chairs.The grant was possible after the United Fund surpassed their fundraising goal allowing $50,000 to be made available for special grants.last_img

Saints march on

first_img Referee Martin Atkinson deemed that the Morocco international had dived and was quick to produce a yellow card for the former Arsenal frontman. With neither side really able to stamp their dominance on the game the first half drifted towards a climax with only a long-range Victor Wanyama effort for the hosts producing a chance of note. The second half started in much more dramatic fashion as Southampton rushed into a two-goal lead inside four minutes. Firstly, Osvaldo opened his account for the club as he benefited from slack play from Palace captain Mile Jedinak. The Australian was guilty of losing possession on the edge of his own penalty area and club-record signing Osvaldo latched on to the ball before wriggling free of Kagisho Dikgacoi and rifling past Speroni. The home side did not have to wait long to double their lead as Osvaldo’s strike partner Lambert also got in on the act. Dikgacoi felled Osvaldo and the forward grabbed his second goal of the season as he bent in a perfect free-kick that Speroni could only throw a hand towards as it went in off the post. Ian Holloway reacted by bringing on Cameron Jerome, Jerome Thomas and Kevin Phillips with the Eagles struggling to create anything in Southampton’s final third. Substitute Jay Rodriguez tucked away an effort late on but it was chalked off for offside before James Ward-Prowse shot high and wide as the hosts easily saw out the remainder of the game to win their third league match of the campaign. The win came courtesy of lightning strikes from Dani Osvaldo and Rickie Lambert inside four minutes of the start of the second half, with the latter’s free-kick the 200th league goal of his career. Much was expected of the pairing but this was the first time either had found the back of the net since Italy international Osvaldo joined from Roma on August 18, and their efforts secured a comfortable triumph over Palace. Two quickfire second-half goals from Southampton’s strike partners were enough to see off Crystal Palace 2-0 at St Mary’s as Saints recorded their first home league win since March. Press Association The first half had offered very little, with the main talking point coming when Marouane Chamakh was adjudged to have dived when through on goal for the visitors. But Southampton started the second half much brighter and caught Palace cold as Osvaldo and then Lambert both finished well to put the hosts in a commanding position. Saints came close to opening the scoring after just six minutes as Morgan Scheiderlin pounced on a loose ball in the box and looped a header towards goal. It beat the onrushing Julian Speroni but was cleared off the line by Joel Ward just as it looked as though Mauricio Pochettino’s side were about to take an early lead. Palace were playing on the counter-attack and almost caught Southampton out when Jimmy Kebe, making his first start for the Eagles, and Chamakh combined, with neither able to get a shot away on goal. Lambert was the next Saints player to come close to breaking the deadlock after Adam Lallana rolled a ball to the England international which he curled just over the top of Speroni’s goal. The Palace goalkeeper was forced in to action moments later as he got down low to punch Lambert’s driven free-kick away. Osvaldo then miscued from Lallana’s free-kick across the penalty area as the hosts looked to take control of the game. But it was Palace’s next attack that saw the most controversial moment of the first half as Chamakh gathered a Barry Bannan flick-on before driving in to the area and going down when through against goalkeeper Artur Boruc. last_img read more

MMA men’s soccer team secures No. 1 seed in NAC Tournament

first_imgCASTINE — The Maine Maritime Academy men’s soccer team secured the No. 1 seed in the North Atlantic Conference Tournament with home victories Saturday and Tuesday.Against Northern Vermont-Johnson on Saturday, MMA received a goal from 2017 Ellsworth High School graduate Colby Clarke in a 3-0 victory. Clarke scored on a bicycle kick for the Mariners’ second goal of the game and his fourth of the season.MMA then closed out the regular season with a record of 8-6-1 on Tuesday after it defeated Thomas College (12-4-1) 2-1. Evan Backus and Matthew Caron scored for the Mariners in the win.The victories gave MMA a four-game winning streak to finish the regular season. The Mariners had previously beaten Unity 4-1 on Oct. 9 and UMaine-Presque Isle 2-0 on Oct. 20. Clarke scored the final goal in the win over Unity.This is placeholder textThis is placeholder textMMA will receive a bye to the NAC Tournament semifinals, where they will play the winner of the Saturday, Oct. 27, quarterfinal matchup between No. 3 Husson (7-8-3) and No. 6 UMaine-Farmington (5-11). The Mariners’ semifinal game is scheduled to be played next Saturday, Nov. 3.Should the Mariners earn a semifinal victory, the team will play for the tournament championship the following day. Times for the Mariners’ playoff game(s) will be announced once the official matchups have been set. All games will be played on MMA’s Ritchie Field.Correction: The original version of this story incorrectly identified Maine Maritime Academy’s conference affiliation. The Mariners play in the North Atlantic Conference.last_img read more

AIBA Executive Director to meet with English-speaking Caribbean officials on September 10

first_img… to shed light on an ongoing impasseWILLIAM Louis-Marie, Executive Director of the Association International Boxing Association (AIBA) will visit Guyana on September 10 to hold talks with English-speaking Caribbean affiliates as it relates to an ongoing impasse that has hit the World governing body.Initially, AIBA’s president Dr. Ching Kuo-Wu was invited to meet with its English-speaking affiliates by Guyana Boxing Association’s (GBA) president Steve Ninvalle, who is also an Executive Committee member of AIBA.According to information, Ninvalle’s letter to Wu asked WU to attend a meeting between him (WU) and the English-speaking affiliates to clarify the ongoing impasse.However, Wu by way of a reply to Ninvalle’s request stated that he will not be available since he has another meeting in Peru at the same time (September 10). However, AIBA’s Executive Director, William Louis-Marie, will represent him. Hoe thanked Ninvalle for the invitation.An invitation was also extended to the Interim Management Committee (IMC) and AMBC to send representatives as is mandated that all sides of the impasse be allowed to present to the Caribbean’s National Federations, their versions of a situation where there are mixed and confusing signals of communications.AIBA has been rocked recently by allegations of financial mismanagement and several committee members have signed a document calling for president Wu to step down.At the upcoming Extraordinary Congress scheduled for Dubai in November, national Federations will vote on whether to have Wu removed from the helm.Since an Executive Committee meeting last month in Moscow, an IMC headed by Italian Franco Falcinelli has claimed to be running the affairs of AIBA, but this has been refuted by Wu who has since put in motion a legal challenge.last_img read more

Tiara Butler sees limited minutes in SU career despite being highly recruited out of high school

first_img Facebook Twitter Google+ Quentin Hillsman had to repeat himself“Tiara,” he shouted. “Tiara,” he said again, before pausing. “Tiara!”Tiara Butler, a fifth-year senior, had never heard her name called this early in a game. But once she heard that Hillsman was putting her in the game, she left her spot at the end of Syracuse’s bench and went to the scorers table with the demeanor of someone who’s done it may times before.“Coach Q always has something up his sleeve,” Butler said. “It was a great experience to be in the moment and to have my Senior Day that I’ve worked so hard for.”But Butler’s experience hasn’t matched what’s normally expected of a highly rated recruit.AdvertisementThis is placeholder textComing out of high school, she had offers from schools like Tennessee, Georgetown and North Carolina State — and many more she couldn’t remember. But, partially due to injuries, she was never able to develop into the player that people had thought she would be.In her four seasons at No. 23 SU (20-8, 10-5 Atlantic Coast) — which plays Clemson (9-18, 1-13) on Thursday at 7 p.m. — she’s scored a total of 22 points in just 174 minutes, but has found other ways to contribute to the program.In Butler’s first-ever game — an 81-42 win over Long Beach State in 2011 — she recorded 13 minutes. It was the most she’s played in a game during her SU career.“Out of high school, she was a top 70 player in the country, I believe,” Hillsman said. “She had a lot of potential coming in.”Hillsman was expecting the player that he offered a scholarship to as a 14-year-old after seeing her for just three days at his basketball camp. But he instead got a player that never reached the cusp of playing significant minutes.Injuries have been partially to blame. Last season she suffered a bone spur in her left foot that kept her from being 100 percent. Hillsman said injuries have kept her from ever getting on track.“It’s definitely tough when you see injuries change a career like that,” SU point guard Alexis Peterson said. “But Tiara has been great in other aspects. Even though she may not have had the athletic career, she influenced this program.”When SU’s equipment manager approached Butler — an interior design major — about designing the practice jersey, she didn’t hesitate. On the back, it says “respect everyone, fear no one.” When she asked her teammates for help on it, they jokingly told her that she was the designer and should do it on her own.She was a voice of wisdom to young players. When Peterson was a freshman, it was often Butler that pulled her aside for one-on-one conversations about the ins and outs of the program.Now, she’s looking for graduate assistant jobs — and with the assistance of Hillsman — might have opportunities.“She’s been stable, she understands everything we’re trying to do,” Hillsman said. “She’s a leader for us, she’s been around here for five years and she knows what to expect.”On Sunday, she received a dose of the unexpected when Hillsman called her in with 17:27 left in the first half. When she got in the game, she took a shot off the dribble that bounced off the rim. On the other end of the court, she committed a foul outside of the 3-point line as Hillsman’s face tensed up.Just a minute and a half minutes into her stint, she took back her normal spot on the bench, picked up her towel to wipe the sweat off her face and took a sip of water. When Peterson ran down the bench for high-fives after subbing out, she forgot to slap hands with Butler, who left her hand up as Peterson walked up to her seat.Butler never became that player — the one that players like Peterson grew into — but it’s not something she dwells on.“I don’t have any regrets. No regrets,” Butler said. “I’ve learned so much. The growth that’s there, that’s something you have to go through situations in order to learn.” Comments Published on February 26, 2015 at 12:12 am Contact Sam: sblum@syr.edu | @SamBlum3last_img read more

Men’s volleyball searches for recovery

first_img“We have to maintain our focus [and] do a lot of video [study and] a lot of game planning against [UCLA],” senior outside hitter Gianluca Grasso said. “They’re a really good team that we need to take on the road, so we have to be extra prepared and mentally focused … to know exactly what we’re doing against them.” It has been a season of ups and downs for the men’s volleyball team. After falling to No. 8 Stanford and No. 9 BYU on the road last week, the Trojans are eager to swing the momentum back in their favor. Redshirt junior opposite hitter Brandon Rattray will anchor the Bruins’ defense with 142 kills on .324 hitting this season. Rattray will be joined by junior outside hitter Austin Matautia, who has contributed 112 kills on .275 hitting to give the Trojan defense a challenge. Sophomore setter Chris Hall sets the middle blocker against Princeton Jan. 31 at Galen Center. (Tucker Judkins) USC’s No. 14 men’s volleyball team will head to Westwood to take on the No. 6 UCLA Bruins at Pauley Pavilion Sunday. At 6-foot-2 — a relatively short height for an outside hitter — Grasso is known for his athleticism and creative, beach volleyball-inspired style of play. When asked what USC fans could expect from Sunday’s match, he provided some additional insight. Despite going into the match as the underdog, the Trojans remain optimistic and excited about the challenge of facing UCLA on their home court. The Trojans will come into the match with an overall 7-6 record and 1-2 in the Mountain Pacific Sports Conference, while the Bruins currently hold a 11-4 overall record and a 3-0 record in conference play.center_img “[They can anticipate] a lot of energy,” Grasso said. “We expect a lot of people to be there on Sunday …and we’re just ready to rock and roll.” With the wind of urgency and rivalry at their sails, the Trojans will be looking to walk away from UCLA with a much-needed victory and some bragging rights. The match will take place 5 p.m Sunday at Pauley Pavilion. Historically, the Bruins have been dominant in these clashes, winning 96 of the 137 official contests between the two teams. In their last official match, however,  the Trojans came out on top to snap the Bruins’ five-match win streak. Up front, redshirt junior middle blocker Tyler Resnick has totaled 29 blocks this season and is coming into the match having set season-high records after tallying five blocks in each of the Trojans’ last two matches. Senior libero Matt Douglas comes into the match with 61 digs on the season and will rely on sophomore setter Chris Hall, who set a season record of his own with 55 assists against Stanford last week. “It’s always awesome to play UCLA,” Grasso said. “It’s always a great game. We have the rivalry … and it’s something that we always look forward to.” The Trojans will be led by senior co-captains and outside hitters Ryan Moss and Jack Wyett. Moss has tallied 148 kills and hit at a .342 clip this season, while Wyett comes into the match with 151 kills on .319 hitting.last_img read more

ESL One Cologne breaks company records for digital engagement

first_imgESL has revealed that ESL One Cologne saw record-breaking digital engagement across all metrics.The event saw 30 million unique social media platform users generate 209 million impressions. Online and linear viewership registered at over 62 million sessions, and accounted for more than 13 million hours of consumed content. The event was also streamed in Virtual Reality, where over 180,000 unique viewers tuned into broadcast through SliverTV.The Counter-Strike: Global Offensive event saw Brazilian roster SK Gaming come out as champions of ESL One Cologne 2017. They roster took the lion share of the $250,000 prize money and importantly notched the first notch of their bid for the $1,000,000 Intel Grand Slam prize money. Should the squad win four of the last ten competitions across any major ESL or DreamHack events, they will automatically receive the $1 million bonus. “Our fans have named LANXESS arena and ESL One Cologne the ‘Cathedral of Counter-Strike’ and we couldn’t be prouder,” said Ulrich Schulze, Vice President Pro Gaming at ESL. “It’s been incredibly rewarding and humbling at the same time to see how much this event has grown and improved over the years. We will continue building its legacy for years to come, and are looking forward to making it even better next year.”The event also featured an appearance from DJ TheFatRat, who kicked off the opening ceremony for the Grand Finals with a live performance of the official ESL One Cologne 2017 song, Fly Away.Next up in the ESL One series is ESL One New York 2017, taking place at the Barclays Center in New York, on September 16-17.Esports Insider says: Impressive metrics from what is definitely one of the must watch Counter-Strike: Global Offensive fixtures is the calendar. Roll on New York at another prestigious venue. We’re not sure if the crowd out in the States will be able to eclipse the raucous Cologne crowd. Challenge set.last_img read more