Institutional investors may be warming to approaches beyond traditional asset class-based allocation regimes, with many also turning to factor or objective-based alternative investment models, according to a survey commissioned by State Street Global Advisors.Conducted in the second half of last year, the survey was of senior executives with asset allocation responsibilities at 400 large institutional investors from around the world.It focused on investors’ objectives, their approach to asset allocation and their framework for measuring success.According to State Street, the survey shows investors are “reassessing strategic asset allocation models and turning to objective and factor-based approaches to better achieve investment objectives in a low-return environment”. Respondents’ long-term return expectations were generally elevated across most asset classes, raising the question of whether these were overly ambitious, State Street said.For example, they are looking for a return of 10.9% on the long-term performance of their portfolio, 10.9% in real estate, 8.1% in commodities, 10% in equities and 5.5% in bonds.More than half – and in some cases more than 75% – of respondents said their return expectations were being met (plus or minus 1%) for the overall portfolio and in different asset classes.However, nearly one-quarter of respondents (20%) said their long-term return expectations were not being met, with only 13% saying that, on average, their expectations were being exceeded (State Street pointed out that the survey was conducted before the significant market downturn at the start of this year).For Rick Lacaille, CIO at State Street Global Advisors, the survey shows institutional investors are “beginning to question whether they can achieve objectives through traditional investment models in the current lower-for-longer return environment”.He added: “Not only does this challenge traditional, strategic asset allocation models by forcing greater consideration of risk, but it also confronts investors with a need to focus from a top-down perspective on the drivers of returns in their underlying asset class choices.”Investors, State Street noted, have traditionally viewed their total portfolios through the lens of asset classes, and 41% of respondents said this was the most important asset classification method – simplicity was one of the reasons cited.However, the survey revealed the “significant adoption by many investors of an additional layer of factor-based classification (or by assets’ exposure to different types of risk)”, according to the asset manager.Although 30% indicated their primary method was to classify assets by factors or exposures to types of risk, 65% said they applied this method in addition to others.A further 55% also classified according to assets’ contribution to their portfolios’ overall objectives, such as growth or income.“This may be evidence of a warming to approaches beyond rigid asset allocation regimes,” said State Street.A breakdown by investor type is not provided in the report, although pension funds are described as being most traditional in their approach, with nearly half of respondents saying they focused on asset class-based categorisation.This compares with two-thirds of sovereign wealth funds (SWFs) indicating that factor exposures and contribution to objectives served as the primary method for classifying assets.For those respondents whose overall portfolio was performing below expectations, the most popular change in approach identified was to increase the allocation to alternative investments – SWFs (42%) and pension funds (24%) were more likely to feature this approach as their most preferred, according to State Street.“Other popular tactical changes included the introduction, or increased use, of objective-based investing (selected by 63% of respondents), and an increased use of active managers (selected by 59% of respondents),” said the asset manager.However, the survey also showed investors feel they face significant barriers to adopting new approaches, according to State Street.These include limited or slow peer-group adoption of strategies such as smart beta (60% of respondents), difficulties obtaining board buy-in (46%) and a lack of in-house expertise (46%).
In that respect Philip Hammond, the Chancellor of the Exchequer (finance minister), was right to identify the UK’s weak productivity as a key problem to address. In his official speech he noted that: “We lag the US and Germany by some 30 percentage points. But we also lag France by over 20 and Italy by eight.”He went on to spell out what this means in practice: “It takes a German worker four days to produce what we make in five; which means, in turn, that too many British workers work longer hours for lower pay than their counterparts.”The subsequent news that real wages look likely to be lower in 2021 than they were in 2008 underlined the scale of the problem. If productivity does not increase then wages will continue to stagnate.Hammond’s proposed solution is the creation of a National Productivity Investment Fund that will provide £23bn of additional spending over five years. Its focus will be on transport, digital communications, research and development (R&D), and housing.The most striking thing about this proposal is how small the planned spending is relative to the scale of the problem. The UK’s GDP is about £1.9trn so an extra £4.6bn a year is a tiny amount in contrast.In addition, £7.2bn of the proposed new fund will go to housing. There is nothing wrong with that in principle – on the contrary, the UK’s decaying housing stock could do with much more investment – but it will not raise productivity. Investment in housing is essential to improving living standards, which is welcome, but it does not contribute to making future production more efficient.Increasing productivity cannot be achieved simply by spending more money. Another key requirement is a willingness to stop state support for unproductive or “zombie” companies. In the authorities’ desperation to keep the economy ticking over, for instance by allowing the provision of cheap credit, otherwise defunct firms are often allowed to survive. Such action hinders the economic process of creative destruction that is essential to dynamic growth in any market economy. This problem is apparent in Japan where economic growth has remained weak despite several attempt at fiscal stimulus.From this perspective the two common reactions to the Autumn Statement can be put into context. For a start, the scale of the fiscal boost, at least on the spending side, is tiny relative to the huge task of bolstering productivity.In addition, the discussion of Brexit in this context is a diversion. It is hard to make any meaningful estimate of its likely cost when the form it will take remains so uncertain. Meanwhile, the preoccupation with the subject obscures the fact that Britain’s weak productivity record long predates the Brexit referendum. The problem would exist whether or not the UK was in the European Union.Although the UK’s circumstances are unique, there are broader international lessons to be learnt. The widely anticipated fiscal stimulus from the incoming Trump administration in the US could also be on a smaller scale than much of the discussion suggests. Talking about improving infrastructure is much easier than doing it. Ensuring it bolsters innovation and economic growth is particularly tough.With the global pendulum swinging towards fiscal stimulus it is more important than ever to separate the reality from the hype. The UK seems to have fallen in line with a growing international consensus on the need for fiscal stimulus. Central banks seem to be “running out of ammo”, to use the favoured expression, so higher public spending and tax cuts are gaining political support.Infrastructure spending in particular is coming into favour. Not only does infrastructure across the developed economies need more investment, but such spending could bolster economic activity more widely. Its advocates contend that improving infrastructure makes economies more efficient and so helps generate future growth. Better roads, railways and telecommunications are all welcomed in this respect.The UK’s plans were announced on Wednesday in what is known as the Autumn Statement (one of two annual sets of parliamentary proclamations on the government’s fiscal plans). In broad terms there were two reactions to it. First, it was hailed as a dramatic break from the harsh austerity of the previous government. Second, there was a lot of excitement about its implicit estimate of the likely cost of Brexit to the British economy (£58.7bn (€69bn) judging by additional borrowing costs).But a closer examination shows that, at best, these points are secondary. The plans should be judged in relation to their stated goals.
National Post 16 June 2014My brother, who is severely handicapped, was once admitted to the hospital for pneumonia. During the few hours my family was not with him, a “do not resuscitate” bracelet was attached to his arm. My mother found out about it by accident when she asked what the purple bracelet was for.I can imagine the assumption: he’s so severely handicapped that we should let the pneumonia kill him. To have my brother die this way would have been absolutely devastating to our family.Bill 52, which ushers in doctor-assisted suicide in Quebec, has been discussed a lot by now. However, no one has addressed how arguments over life and death for loved ones can have lasting effects on family relationships and radically alter family dynamics.My brother survived. Not such a happy ending for Tom Mortier, whose mother was killed by euthanasia in 2012. She was clinically depressed and had cut off contact with her son, contrary to his wishes. Tom found out his mother was dead only when he was called to make arrangements for her body at the morgue.http://fullcomment.nationalpost.com/2014/06/16/derek-miedema-euthanasia-hurts-families/
Radio NZ News 9 April 2019Family First Comment: “One of the speakers at the rally, Dr Luatupu Cleverley, said the legislation compounded poor health outcomes for the Pacific community. Pacific people already suffer the worst statistics in the New Zealand health system and the bill goes against their culture and traditions, Dr Cleverley said. It is traditional for Pacific families to look after their own and the government should focus on improving palliative care, she said.”www.protect.org.nzPeople from New Zealand’s Pacific communities have rallied at parliament against a proposal to legalise euthanasia.The End of Life Choice Bill would give terminally ill people the option of requesting help to die.About 200 hundred people gathered in parliament grounds to protest against the bill.One of the speakers at the rally, Dr Luatupu Cleverley, said the legislation compounded poor health outcomes for the Pacific community.Pacific people already suffer the worst statistics in the New Zealand health system and the bill goes against their culture and traditions, Dr Cleverley said.It is traditional for Pacific families to look after their own and the government should focus on improving palliative care, she said.Parliament’s Justice Committee has received thousands of submissions on the proposed legislation and its report is due today.https://www.radionz.co.nz/international/pacific-news/386661/pacific-communities-rally-against-euthanasia-billKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.
Loading… Inter Milan have used Obafemi Martins as the focus for the first episode of their new documentary series titled ‘Inter Roots’. “From the Youth Sector to the First Team: Obafemi Martins is the protagonist of the first episode of “Inter Roots”,” the club tweeted. He left the Italian giants in 2006 to team up with Premier League club Newcastle United before switching to Wolfsburg, Rubin Kazan, Birmingham City, Levante, Seattle Sounders and Shanghai Shenhua later in his career. He is yet to find a new club since he was released by the Chinese Super League club after he suffered a knee injury during an AFC Champions League game in April 2018. read also:Video: Inter Milan celebrate Obafemi Martins goals Despite his lengthy absence from competitive football, Martins told Goal he is still thirsty for more goals and silverware. “After my career-threatening injury in China, many people advised me to quit but I told myself I still have a lot to offer the beautiful game,” he said in an exclusive interview in November. FacebookTwitterWhatsAppEmail分享 Promoted ContentA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day5 Of The World’s Most Unique Theme Parks2020 Tattoo Trends: Here’s What You’ll See This YearPortuguese Street Artist Creates Hyper-Realistic 3D GraffitiThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreCouples Who Celebrated Their Union In A Unique, Unforgettable WayWho’s The Best Car Manufacturer Of All Time?8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?The 10 Best Secondary Education Systems In The World6 Incredibly Strange Facts About Hurricanes The video highlighted the rise of the Nigeria forward from Inter’s youth team to the first team, where he scored 49 goals in 136 appearances for the Nerazzurri. Martins joined Inter Milan from Serie C side Reggiana in 2001 – the club signed him from Nigerian outfit FC Ebedei after his impressive three-month trial. He started his career in Milan with the youth team and he played a key role in helping the club win the Campionato Nazionale Primavera – an Italian youth competition – in his debut campaign with 23 goals scored in the 2001-02 season. The Nigerian forward was promoted to the first-team the following season, and he made his Serie A debut against Parma in December 2002. Martins is renowned for his pace on the ball and his somersault celebration whenever he scores. The 35-year-old won two Coppa Italia, one Serie A title and an Italian Super Cup during his five-year stint with the Nerazzurri.
For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Harry Kane scored a hat-trick as England cruised to an emphatic 7-0 victory over Montenegro to seal their spot in the Euro 2020 finals. It was great result for England in their 1000th international game. However, the game will probably be most remembered for the Raheem Stering-Joe Gomez drama before the match and the booing of Gomez by parts of the Wembley crowd during the game. It was an unfortunate event that took some shine off from a good performance by the youngest England side in 60 years.Raheem Sterling, excluded from this game for attacking Gomez at St George’s Park on Monday, tweeted after the match to condemn it and emphasise that his team-mate was blameless in their confrontation.In the game, Alex Oxlade-Chamberlain drilled in from Ben Chilwell’s cross in the 11th minute to score his first England goal since June 2017. Harry Kane then headed one inside to start his goal-scoring spree. He headed another one from another Ben Chilwell cross six minutes later made it 3-0. Marcus Rashford lashed in the fourth, after Harry Maguire’s header had been well saved by Mijatovic. Kane completed his hat-trick well before half-time.Montenegro switched to a five-man defence for the second half. However, England managed to find the sixth goal via an own goal. Substitute Tammy Abraham slid in from the cross of Jadon Sancho to get his first England goal.The Czech Republic joined England in qualifying for Euro 2020 from Group A by coming from behind to beat Kosovo 2-1. Elsewhere, France and Turkey made it to the Euro 2020 finals after the world champions came from behind to win 2-1 against Moldova. Turkey played a scoreless draw with Iceland finishing second in Group H.WATCH: Cristiano Ronaldo Scores Stunning Hat-Trick As Portugal Thump Lithuania 6-0 Cristiano Ronaldo scored his ninth international hat-trick as Portugal thumped Lithuania 6-0 in a Euro 2020 qualifier. This was the 55th hat-trick of his career. However, the defending European champions will have to wait to confirm their place at next year’s edition. Aleksandar Mitrovic’s brace kept Serbia’s hopes alive as they beat Luxembourg 3-2. Portugal are second with 14 points, one ahead of Serbia, and will qualify if they win in Luxembourg on Sunday. The Group B leaders, Ukraine, have already made the finals.
Hartlepool 0 Brentford 0Brentford picked up what could prove to be a crucial point in their late charge towards the play-offs.They were forced to defend for much of the game at Victoria Park, where keeper Richard Lee produced two fine saves to deny Hartlepool.AdChoices广告And they might have won had Clayton Donaldson managed to take a decent chance six minutes before half-time.Donaldson also created a 78th-minute opportunity for Toumani Diagouraga, who fired wide following the striker’s cross.It was a resolute performance by a Bees side which included only two changes to the team that beat Bury on Saturday before the squad made the long journey to their second game in the space of 48 hours.Brentford had won five matches in a row prior to their tricky trip to the north-east, and four points from the Easter period leaves them well placed for a push towards a top-six finish.Promotion rivals Notts County scored two late goals to secure a 3-1 victory over Yeovil that moved them up to sixth.But Brentford’s point means they are three behind County with a superior goal difference and will go above them if they win a massive game between the two sides at Griffin Park this weekend.Follow West London Sport on TwitterFind us on Facebook
After dominating Siena, 18-5, last weekend, No. 5 Syracuse (1-0) hosts No. 12 Albany on Sunday at 4 p.m. in the Carrier Dome. The Orange impressed in its season opener without five of its top six scorers from last season due to graduation. The Great Danes haven’t played a game this season and are coming off a quarterfinal loss to Notre Dame in last year’s NCAA tournament.Here’s everything you need to know about the matchup.All-time series: Syracuse leads 12-1Last time they played: After each team scored four goals in the first quarter, Syracuse took control of the game and defeated Albany 17-12 on April 2, 2015. Faceoff specialist Ben Williams went 24-of-27 from the X and the Orange’s first-line midfield combined for nine goals. Lyle Thompson had four goals and three assists, but it wasn’t enough to keep up with a Syracuse offense that fed off Williams’ strong performance.“I have never seen a face-off performance like I’d seen either,” Albany head coach Scott Marr said after the game. “The kid was unbelievable in the X. That was ultimately the difference in the game.”AdvertisementThis is placeholder textThe Albany report: With Thompson now graduated, the Great Danes offense — which led the country with 17.1 goals per game last year — will likely share the ball more since the two-time Tewaaraton Award winner held it approximately 70 percent of the time, Syracuse head coach John Desko said. Sophomore Connor Fields (66 goals and 22 assists) and Onondaga Community College junior transfer Seth Oakes (54 goals and 12 assists) will be counted on to carry the offensive load. Senior John Maloney was fourth on Albany last year in scoring and is the top returning midfielder.“We’ve had to reinvent ourselves since September,” Marr said at Albany’s media day. “Without Lyle, we’ve had to find a go-to guy.”At the faceoff X, Cason Liles took the most faceoffs on the team last season but transferred, according to Inside Lacrosse. Connor Russell, who took the second most faceoffs was injured during fall ball.On the defensive end, Albany returns senior Josh Babcock, junior James Burdette, sophomore AJ Kluck and sophomore Stone Sims. Marr said all four will contribute in front of senior goalie Blaze Riorden, who saved 56 percent of shots, allowed 9.93 goals per game and scored one of the most memorable goals of last season.How Albany beats Syracuse: Win the possession battle and capitalize on opportunities. Against a patient offense like Syracuse’s, Albany can’t afford to commit turnovers and waste chances. No matter who takes faceoffs for the Great Danes, Williams is projected to have the edge. An offense searching for its new quarterback must figure it out early otherwise it could fall behind the way Siena did last week and not be able to climb back. Though Albany’s defense, which allowed 10 goals per game last season (28th in country), is its most experienced unit, Syracuse’s Dylan Donahue will likely control the game again. It’ll come down to whether Fields, Oakes and Maloney can match it on the other end of the field.“I think they’re going to share the ball and who knows, they could be even more dangerous,” Desko said, “just because they’re willing to put the ball in other people’s sticks and I think the other players are good players.”Numbers to know:66 — Fields’ 66 goals last season ranked first in all of Division I.22.9 — Lyle Thompson accounted for 22.9 percent (121 out of 528) of Albany’s points last season. Fields, who accounted for the second most points, accounted for just 16.7 percent.1,097 — It’s been 1,097 days since Feb. 13, 2013, the only time that Albany beat Syracuse.Player to watch: Fields’ role in the new look Albany offense will be fascinating to observe on Sunday. Though Marr has said he’ll have to contribute in more ways than he did mainly as a finisher last year, it’s yet to be seen how successful he can be without Thompson. When you’re the leading goal-scorer in all of Division I, all eyes will be locked on you at the start of the following season. Comments Published on February 19, 2016 at 3:01 pm Contact Paul: email@example.com | @pschweds Facebook Twitter Google+
World number one Simona Halep became the first top-seeded woman to lose in the US Open first round, falling to a 6-2 6-4 defeat against Kaia Kanepi.The 26-year-old Romanian’s serve was broken five times in the first match on the new Louis Armstrong Stadium in Flushing Meadows, New York.She fought back from a double break down to 4-4 in the second set but the Estonian broke again before Halep sent a forehand long on match point. Halep also lost her opening match at Flushing Meadows last year.The French Open champion was beaten by Maria Sharapova in 2017.Before Monday’s defeat, no women’s top seed had lost in the opening round at the US Open since the professional era began in 1968, the same year that the tournament was given its current name, having previously been known as the US National Championships.World number 44 Kanepi, 33, reached the quarter-finals at Flushing Meadows last year but has had a succession of injury problems in recent years.Also on the opening day, British number one, Kyle Edmund, was knocked out in the first round of the US Open.Italy’s Paolo Lorenzi beat 16th seed 4-6 6-4 7-5 6-1 amid gruelling humidity at Flushing Meadows.After taking the opening set, Edmund, 23, was pegged back in the second before he cramped up in the third, affecting his movement on court.The match, which lasted three hours 12 minutes, was played in temperatures of 30C and with humidity above 60%.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
MASON CITY — The City Council in Mason City last night approved an intergovernmental agreement with the City of Forest City on building inspections. It allows Mason City building inspectors to inspect buildings within Forest City as that community is working to address blight and dilapidation. Mason City’s city administrator Aaron Burnett says Forest City’s needs do not warrant employing staff specifically dedicated to building inspections. “We received the request from Forest City to see if there was an ability to partner to help them essentially pursue 657As and other delinquent properties. When you’re in a smaller community, you just really don’t have the staff that we have here in Mason City. So with that, and understanding that very well from my previous work in smaller communities, it’s a good opportunity to be a good regional partner and help kind of raise the tide for the whole area.” Burnett says the work for Forest City would be on an overtime basis with all costs being covered by the City of Forest City. “We reached out to staff before we even started the 28E to see if they were interested in the overtime opportunity, and if at some point they’re not interested we would not provide staff towards that purpose. It will not affect service because it will be all overtime. It’s all time that they would not be working anyway, and all of that time will be fully reimbursed, mileage and hours. So as far as our services I don’t think we will have a problem.” — The council also passed the second reading of an ordinance for increasing water, sewer and sanitation rates. The council approved the increases in the city’s fiscal year budget that started on July 1st, with increases in the water and sewer rates to help fund capital projects, and the increase in the sanitation rate to build funds for vehicle replacements in future fiscal years. The water rate increase is 2.55% and will increase about 71 cents per month for the homeowner that averages 500 cubic feet of monthly use. The sewer increase is 2.83% and will increase about 49 cents per month for the typical homeowner. The sanitation rate will go up 40 cents per month to $12.05 starting for the July utility bill.