Source: Avon Pension Fund Avon Pension Fund has shifted more than 15% of its portfolio into two multi-asset funds, scaling back holdings in traditional equity and fixed income funds.The £4.6bn (€5.2bn) local authority scheme has allocated £485m to Loomis Sayles to run a multi-asset credit mandate, and £226m to UK boutique Ruffer’s diversified growth fund.To fund the new allocations, the scheme raised £165m from selling out of regional passive equity funds for Europe and Asia Pacific, run by State Street Global Advisors, according to council documents.During the third quarter of 2017, Avon also took roughly £60m each from an emerging markets fund managed by Unigestion and a UK equity fund run by TT International, and £132m from a fixed income mandate run by Royal London Asset Management. In a statement announcing its appointment, Loomis Sayles said its “World Credit Asset” strategy included global investment grade and high yield credit, bank loans, securitised debt and emerging market debt.Chris Yiannakou, managing director at Loomis Sayles, added: “We already have a strong track record of working in partnership with local government pension schemes [LGPS] in the UK and we are very much looking forward to continuing this with the Avon Pension Fund.”In its 2016-17 annual report, Avon said its investment portfolio gained 17.2%.Avon is one of 10 LGPS funds in the Brunel Pension Partnership, one of eight asset pools established by UK local authority funds and due to open for business by 1 April next year.Ruffer has been a significant beneficiary of LGPS pooling, having been awarded a diversified growth fund mandate by the London CIV. As of 31 March it ran more than £400m on behalf of five of London’s LGPS funds through the CIV pool.Avon Pension Fund’s asset allocation (30 September 2017)
The pension fund increased its strategic fixed income allocation from 47% to 57%, raising its stake in Dutch residential mortgages by 5 percentage points to 20%.It also increased exposure to credit and German inflation-linked bonds to 13% and 12%, respectively. The KPN scheme said that it had decided to invest 2.5% in green bonds.Equities and currency hedge behind 2018 loss Source: KPNKPN’s head office in RotterdamKPN Pensioenfonds posted an overall loss of 1.7% for 2018. Equity was the worst performing asset class, losing 5.6%, with passively managed assets down 10%. In contrast, private equity delivered a 22% gain.The pension fund’s 9.3% property allocation had generated a return of 7.6%, largely due to indirectly invested non-listed property in Europe, North America and Asia Pacific, which gained 9.6%.A passive allocation to listed real estate in developed countries fell by 0.3%, but the scheme’s fixed income holdings gained 1%.The telecoms scheme incurred a 1.7% loss on its 50% currency hedge of the dollar, sterling and the yen.Last year, KPN established its own administrative office in order to improve its professionalism and relieve pressure on the board. It is tasked with the implementation of the European pensions directive IORP II as well as strategic projects.The pension fund attributed an increase in costs – from €209 to €222 per member – to the cost of setting up the office, also citing a higher management fee charged by provider TKP Investments and increasing regulatory pressure. Asset management costs remained at 0.47%.The KPN Pensioenfonds has 13,280 active participants, 38,505 deferred members and 20,195 pensioners. The €10.2bn pension fund of Dutch telecoms giant KPN has reduced its strategic allocation to securities by 10 percentage points to 43%, in favour of fixed income.In its annual report for 2018, the scheme said the change was meant to improve its risk-return profile. At year-end, its funding ratio of 120.1% had exceeded the level required to grant indexation payments to members. Last year, it granted its participants and pensioners inflation compensation of more than 1.1%.KPN Pensioenfonds said it had lowered its strategic equity allocation from 43% to 34.5%, largely by cutting global equities to 15% of the portfolio. However, it kept its European equity allocation at 5%, switching its holdings into a passively managed best-in-class strategy tilted to ESG themes.It also diversified across private equity, small cap and long-term investing strategies.
Mr. Norman L. Yocum, age 80, of Florence, Indiana, entered this life on December 29, 1937, in Carroll County, Kentucky, the son of the late, William and Beulah May (Clements) Yocum. He was raised in Switzerland County most of his life where he attended school. Norman was united in marriage to Linda Lou Walton and later united in marriage to Joanne Marie (McCormick) Kelley. Norman and Joanne shared 17 years of marriage together until she passed away on May 11, 2012. He was employed as an installer for the Sprint Telephone Company at the Vevay Office, retiring in 2002, after 44 years of service. Norman enjoyed hunting and fishing and will be missed by his family. Norman passed away at 10:35 a.m., Tuesday, January 16, 2018, at his residence in Florence, Indiana. Norman is survived by his sons, Jeff Yocum and his wife: Tammy of Vevay, IN, Darrell Yocum, Sr. of Vevay, IN, Mike Yocum and his wife: Amanda of Rising Sun, IN, David Yocum of East Enterprise, IN and Norman Yocum, Jr. and his wife: Carol of Hanover, IN; his daughters, Shawn Smith and her husband: Charles of Walton, KY and Anita Sullivan and her husband: Roy of Warsaw, KY; his step-sons, William Kelley of Greenwood, IN and Robert A. Kelley, Jr. of Logansport, IN; his step-daughter, Lisa Marie Scroggins of Jeffersonville, IN; his 25-grandchildren and 29-great-grandchildren; his brothers, Paul Yocum of Madison, IN, Duke Yocum and his wife: Jodi of Hanover, IN and Denny Yocum of Chelsea, IN; his sisters, Pearl Konkle of Columbus, OH and Wanda Buress of Chelsea, IN and his numerous nieces and nephews.He was preceded in death by his parents, William and Beulah May (Clements) Yocum; his 1st wife, Linda Lou (Walton) Keith, died March 9, 2009; his 2nd-wife, Joanne Marie (McCormick) Kelley-Yocum, died May 11, 2012; his son, Charles Yocum; his granddaughter, April Yocum; his daughter-in-law, Sheena Alaine (Perry) Yocum, died October 2, 2015; his brothers, Billy and Kenny Yocum and his sister, Mary Jo Copeland.Funeral services will be conducted Monday, January 22, 2018, at 1:00 pm, by Bro. Roy Duckworth at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Friends may call 11:00 am – 1:00 pm, Monday, January 22, 2018, at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Memorial contributions may be made to the Switzerland County Emergency Response. Cards are available at the funeral home.
The Class 2A 4th ranked Batesville High School Lady Bulldogs traveled to Lawrence Park to battle the Class 2A 2nd ranked Cathedral High School Fighting Irish on Wednesday night winning 1-0. It was a close battle for the first fourteen minutes as both teams settled into the match. Batesville drew a free kick just outside the 18 yard box. Ellie Cassidy stepped up to play a ball into the box as both Denise Davalos and Hailey Mohr were able to redirect the ball to find Georgia Gratz for the poke in. Gratz recorded her 13th goal of the season as she moved into the Top 5 in All-Time Scoring for Batesville High School with 59 goals. With Batesville leading 1-0, it was a close match the rest of the half with the Lady Bulldog defense and goalkeeper Ellie Waechter coming up with some huge saves.The second half was another outstanding defensive effort by center backs Abbey Prickel and Liz Heidlage. Cathedral rocked the post early in the second half which was then cleared by the Batesville defense. Outside backs Lily Meyer and Olive Cerniglia controlled the wings and withstood the speed from the Irish front line. Despite getting outshot 13 – 7 for the match, Batesville was able to preserve the 1-0 win and recorded their 5th shutout of the season. “In both our 1-0 victories this season, we had to battle for 80 minutes against 2 very physical teams. Georgia was able to put us up early again tonight and we can count on our defense to pull out the victory. It was another great team effort tonight! We rose to the challenge and continue to raise our confidence as we get closer to tournament time.” Coach Laker commented on the match.Batesville is now 8-0 on the season and will be playing at Connersville on Saturday with Varsity start time at 10:00am. The JV will play 1 half after the Varsity contest.JV-Cathedral 3-Batesville 0Courtesy of Bulldogs Coach Kyle Laker.
Statewide—Firefighters and EMS personnel play a big role in keeping us safe. The majority of them – 7 out of 10 – work on a volunteer basis. We need even more of these public servants in our community. A new Ivy Tech Community College Public Safety Scholarship encourages students to become an active volunteer with local fire departments or EMS agencies.During this year’s legislative session, Randy Frye worked to create a similar scholarship program statewide. While the bill did not pass, Ivy Tech is making this effort its own mission to create a path to recruit volunteers in new ways.While we have an estimated 18,000 volunteer responders in our state, we need more. Our rural areas particularly are seeing a bigger decline in volunteers, with many of these communities relying solely on volunteers for fire protection and assistance in natural disasters or other emergencies. Without these courageous community members, we run the risk of departments cutting services or closing their doors completely.Frye says this scholarship will boost our volunteer rosters.Starting in the 2020-2021 school year, the college will provide scholarships to active volunteer firefighters and EMS personnel. The funds cover tuition and technology fees. Full-time and part-time students can apply as long as they are seeking a degree.The college will pilot this program, offering the scholarship for two school years and then sharing data with state lawmakers who could then assess the need and benefits, and consider expanding the program. Volunteering as a first responder is a fulfilling service. These roles positively impact our neighbors, and skills obtained are transferable to other rewarding professions. Many of these volunteers work other full-time jobs, and this opportunity can help jump-start or advance their careers, while they also save money and serve our communities.Many towns across the country are trying to tackle this exact issue, and some are seeing results by offering incentives, like this scholarship, to recruit new volunteers. Please consider volunteering, then taking advantage of this scholarship at one of more than 40 Ivy Tech campuses across the state. To learn more, visit ivfa.org/news.Randy Frye pledges to continue to work with our emergency responders to find new ways to attract people to fill these volunteer positions and keep our volunteer departments in operation.
Sir Alex Ferguson retired this summer having won a total of 38 trophies – from Charity Shields to Champions Leagues – to leave his successor with a tough task to follow. Many believe it is unrealistic to expect the 50-year-old Scot to be able to maintain his countryman’s golden streak at Old Trafford. But Giggs, who has won 25 major honours and played more than 1,000 matches for club and country, believes there is no reason why anything should change. “First and foremost, there are great players there and we have just won the league, so everything is in place for it to carry it on.” said the Welshman. Manchester United veteran Ryan Giggs sees no reason why the club will not continue their success under new manager David Moyes. Giggs, who turns 40 in November, signed a new one-year contract in March and admits thoughts are turning to what he will do when he finishes playing. The former Wales international is currently attending the FIFA Under-20 World Cup in Turkey as part of his UEFA Pro Licence course. It seems more than likely he will remain in football in some capacity but he has yet to figure out exactly what his involvement will be. “It’s quite tough. I am sort of an intense person so when I am still playing I’m concentrating on that,” Giggs told thefa.com. “But also, I have got to start thinking that it is near the end. I have to start thinking about what I am going to do afterwards. “I am in the process of doing that and obviously coming on this course has helped me – speaking to other people, listening to what the coaches or tutors say, and just trying to get little bits that can help you. “Everyone has their own style and everyone picks up different things. Obviously, I’d be stupid not to pick up on the stuff I’ve learnt from Sir Alex. “I don’t know whether I am going to be a coach or a manager, if I decide to go into coaching, but it is obviously exciting for me. I have been playing for 20-odd years and it is a new chapter in my life.” Press Association
He is also having to contend with speculation that some of the existing members of his squad could be tempted away from Wearside this month with Celtic and Hull having been linked with Scotland international striker Steven Fletcher. A defiant Poyet said: “They didn’t call me and they didn’t make any offers, so it is speculation, rumours. “It’s easy. I am interested in (Cristiano) Ronaldo. Apparently he doesn’t want to come to Sunderland, it’s too cold. “We can say and talk and make opinions and go on TV and make it look incredible, that we want to buy this and that. “But do it and then we will talk about it.” In the meantime, Poyet will prepare his team for the first of two cup ties inside three days – Sunderland face Manchester United in the first leg of their Capital One Cup semi-final on Tuesday evening – bemused by the scheduling. He said: “I still don’t understand how you can play football again in two days, I don’t. “I keep saying to the people in charge that if you want to see quality and the best players on the pitch, you need to give them a chance to recover. “If not, then you make changes and people get upset and say you don’t care about one cup or the other. They invent things and they put us as responsible when the responsible ones are them for putting the fixtures up. “Saying that, again they are professional players, Premier League players. We will see. Me, I am looking forward to the game. “I remember one of my first games in the cup with Chelsea, there were so many reporters there taking pictures and I didn’t understand why. “Then they told me, ‘They are trying to see if you are going to be the bad ones, the news on Monday, if you are going to be in the newspaper because you were knocked out by a League Two team or whatever, and it’s up to you to make sure that doesn’t happen’. “We will see who is in the pictures on Monday.” Gus Poyet admits Sunderland’s January transfer dealings will determine whether or not they remain in the Barclays Premier League. The Black Cats take a break from league action on Sunday when they host League One Carlisle in the FA Cup third round. However, they will do so with work ongoing behind the scenes in a bid to strengthen the squad the Uruguayan inherited from predecessor Paolo Di Canio in October, with the club lying at the foot of the table and in serious danger of slipping out of the top-flight once again. Press Association Asked if the success or otherwise of that mission would determine the destiny of their season, a frank Poyet said: “Yes. “We have been there already with three different managers or head coaches or caretakers with this group of players, and the team is bottom somehow, so we need a little bit of help. We will see. “We have been here now this season for five months – I am not talking about me, I am talking about the previous manager, Kevin Ball as the caretaker and me – with this group of players, and we are still bottom, so I want to change something. “I am not going to go with the same group of players to the end because if not, it’s going to be more difficult. “Now I need to choose well and make sure we get the ones who can really help us to change the season around, that simple.” Director of Football Roberto De Fanti presided over a 14-man influx of players during the summer, but the deficiencies within the squad remain alarming and head coach Poyet is desperate for reinforcements. The Black Cats are understood to be in negotiations with the 46-year-old’s former club Brighton over midfield duo Liam Bridcutt and Will Buckley having already completed the loan signing of Fiorentina full-back Marcos Alonso. However, Poyet is refusing to discuss his targets publicly as agents bombard the club with offers.
USC Residential Education started piloting a program this semester to offer free tampons and pads to residents of Cowlings and Ilium Residential College. The program may later expand to other residential colleges. (Mia Speier | Daily Trojan) Many female students feel strongly about the pilot program and hope that it will expand to other residential colleges soon. “In terms of free feminine hygiene products, I am aware that conversations are happening on a larger scale, but I have not heard the final decision,” Sandoval said. The free condom initiative, which is similar to the feminine hygiene product pilot, has been successful in providing free and accessible resources for students. Poori Jareankitja, a sophomore majoring in business administration, said the program will allow students to have access to feminine hygiene products regardless of cost. Residential Education, in partnership with the Office for Health Promotion Strategy, has supplied condom buckets to resident assistants. This program, which is in its second year, influenced the creation of a free feminine hygiene product pilot. USC Residential Education announced at the beginning of this semester that it will offer bins of free feminine hygiene products in residential colleges. The program, which is currently being piloted at Cowlings and Ilium Residential College, began at the start of the semester. While Jareankitja believes that the pilot could be helpful, he acknowledges that the steep cost of feminine products will incentivize people to take advantage of the free pilot program. He believes this may lead to some complications with resource availability. “I think it’s going to be less of a hassle for students to get condoms and may eliminate the financial burden that some students face buying contraception,” said Ethan Saber, a sophomore majoring in political science. “I hope it leads to safer sex.” Jade Crenian, a sophomore majoring in law, history and culture, said the success of the condom program can help influence the feminine hygiene one. “Pads and tampons are really expensive, and a lot of people don’t view it as a necessity even though it should be,” Jareankitja said. “I think that would be a huge weight lifted off of the women students here.” “I think it would be costly, I feel like people would have stock pile on it,” he said. “Maybe supply would be limited to only a few people. So maybe a better distribution system, like someone has to monitor it.” Standard-size feminine products at retail stores near campus, such as the Target at USC Village, cost anywhere between $3 and $10. Mota said these prices are steep for students who struggle financially. “I’m totally for it,” Crenian said. “I think they should absolutely put period products into residence halls. They do it with condoms, so why not? It would just make everyone’s life probably easier.” “I felt like this would be implemented because if we are giving away free condoms, why not feminine products?” said Cowlings and Ilium resident assistant Emily Mota. The discussion about providing students with free resources has led students and resident assistants to suggest more products, such as toilet paper, be made available to students. “I think it’s really good, as long as they are sanitary … a lot of the times when you go out to restaurants and you try to get those 25-cent ones, nobody has coins, ever, so you have to end up asking people for it,” said Sunvriti Khanna, a sophomore majoring in communication. The pilot has been met with enthusiasm by students, and it is still in the process of being implemented in more residential colleges on campus. Since a free condom initiative 8 for residential colleges received positive feedback from students, resident assistants and members of Residential Education proposed providing feminine hygiene products for free in residence halls. “I definitely hope that this would lead to just more resources being given here at USC,” Mota said. “I know they have a vending machine in the Starbucks area at Café 84 with cheaper alternatives for Plan B and other stuff like that. Maybe having more of that, just creating a space where students can not have to worry about basics.”
Cornerback Antonio Fenelus (26) celebrates after a key second-quarter interception that put a stopper in the Gophers’ growing momentum.[/media-credit]MINNEAPOLIS – Eight years running.The Wisconsin football team proved it can win on the road in the Big Ten, gaining control of its own destiny and holding onto Paul Bunyan’s Axe for the eighth consecutive year Saturday after defeating rival Minnesota 42-13 at TCF Bank Stadium.Senior Nick Toon said it never gets old carrying the Axe around.“No, the axe represents a win, and that’s what you try to do every Saturday,” Toon said.As the final seconds ticked off, the Badgers ran to the sidelines to collect the axe and tote it around the field and eventually “chop down” a goal post – as per usual.Minnesota clearly wasn’t pleased, however, and quickly got chippy with the Badgers as they celebrated.“It’s a rivalry, so it’s bigger than a person or anything else,” senior safety Aaron Henry said. “It’s just a rivalry. We go chop down the goalpost just like if they were in Camp Randall; they would have chopped down the goalpost. We were going down there to chop down the goalpost – standard, routine, something that we had been doing for the last couple of years. I guess they didn’t like it. That ain’t my problem.”Defense dominatesWhile Minnesota was still able to put points on the board via a kick return and a faked field goal, Wisconsin’s defense was crushing. The Gophers only gained 156 total offensive yards, with 105 rushing and 51 passing. Minnesota didn’t get any first downs in the first quarter and only managed to gain nine the entire game.Senior defense tackle Patrick Butrym emphasized the importance of the defense’s performance and senior cornerback Antonio Fenelus’ interception.“It’s huge,” Butrym said. “Not technically a shutout, but the interception was so big because it was a point in the game when they started getting a little momentum and it was right before half.”“I think at the end of the day, it’s not really about statistics to us as a defense,” Henry added. “We just want to go out there and play extremely well and allow everybody else, to allow our offense to go out there and make plays. It’s just been a blessing so far.”Special teams struggles, againUW didn’t really want to address it after an otherwise great game offensively and defensively, but the Badgers are still struggling with issues on special teams.Each week since traveling to Michigan State, Wisconsin has given up some sort of big play on special teams in the form of blocked punts and kicks and lengthy kickoff and punt returns.Opening the second half, Philip Welch kicked the ball to Minnesota’s four-yard line. Minnesota’s Duane Bennett collected it and took it 96 yards the other way for six points. No Badger was even within an arm’s reach of Bennett as he sprinted down the field and scored Minnesota’s final points of the game.“We did a little bit of a personnel grouping, front side versus back side,” Bielema said. “We committed another two periods of practice to it, so we’ve got to get results. Again, it’s the inconsistency. … The first one of the second half, just can’t have it and we’ll continue to work and move forward.”Fenelus, who missed a touchdown-saving tackle on the faked field goal, said he expects a lot of hard work during practice this week and knows the coaches will put it into focus.“Kickoff, punt, we know we’ve got to do our job,” Fenelus said. “We’re going to stress it more and more during the week. The coaches are going to hit on it very hard because we know how important it is to put the defense in good field position.“All those have to be able to say ‘I want to make this play. I want to make that tackle.’ That’s the biggest thing.”
Super Eagles Head Coach, Gernot Rohr is happy with his striking options available for him as his team is gradually taking shape towards the African Cup of Nations finals in Egypt.The German tactician masterminded the Super Eagles’ 1-0 win over Egypt in an international friendly match which was played at Stephen Keshi Stadium in Asaba to rap up five-day football fiesta at the stadium in which Nigeria came top in all the three matches including the U-23 National team who trounced Libya to hit final qualification tournament to the next Olympic football tournament in Japan.Lanky striker Paul Onuachu scored with a thunderous shot under one minute to give Nigeria her first win over Egypt after over a decade.“We have other profiles for the striker position, we now have this tall guy from Denmark. He did very well but he has to improve still,” Rohr said.“We had five changes in the team, the goalkeepers came in and we finished with two local players that made their debuts.The 65-year-old trainer is happy with how his players performed during the FIFA international break.“It will be good for them, for their confidence and for the careers of the players,” he added.“I am happy about it also because our 23 players did very well for the past ten days in Asaba.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Gernot Rohr