Equities drag Switzerland’s Publica to 3.2% loss in 2018

first_imgSwitzerland’s largest pension investor made a net loss of 3.2% across the CHF37.6bn (€33bn) of total consolidated assets it managed for 20 pension plans last year, it announced yesterday.Without currency hedging, the result would have been 10bp higher (-3.1%), said Publica, which manages the retirement savings of federal employees.Publica runs money for 13 open pension plans and seven closed plans. The CHF34.3bn run for open pension plans lost an average 3.5% in 2018, while the seven closed plans’ invested assets lost an average 0.2%.The 0.2% loss for the closed pension plans was above the performance of the Pictet Swiss pension fund indices, while the result for the open pension plans was slightly below that of Pictet’s comparable indices, it said. The main reason for the negative performance in the open plans, Publica said, was its strategic decision to broadly diversify its portfolio and – among other things – to invest 16% in emerging market equities and bonds. Emerging market equities fell by 13%.The indices calculated by Pictet for Swiss pension fund portfolios have a small strategic allocation to emerging markets, so they were less affected by the downturn.Most major asset classes detracted from Publica’s overall performance last year, especially its equities allocation. Emerging markets weakened overall performance by just under 1.5%, while investment in industrialised countries weakened performance by roughly 2.1%.However, the strategic decision to invest in private infrastructure debt paid off, as these assets returned 2.1% in 2018, Publica said.The best performing asset classes were domestic and international real estate, which returned 6.7% and 4%, respectively. Together they added just under 0.5% to the portfolio.Publica’s annual average return was 2.9% over the period from 2000 to 2018, exceeding the average return of the fund’s benchmark by 20 basis points per year.The funding ratio for the open plans was estimated at around 100% as at the end of 2018, and at 107% for the closed plans.The results reported by Publica are unaudited, with exact figures due to be published alongside its 2018 annual report in the spring.The pension fund is rolling out a revised investment strategy that it decided on last year. This includes increasing its allocation to private markets, including real estate debt, and cutting its government and corporate bond allocations.last_img read more

World Dream Delivered to Genting Hong Kong

first_imgGerman shipbuilder Meyer Werft has handed over the new cruise vessel World Dream to the Asian shipping company Dream Cruises, a subsidiary of Genting Hong Kong. The new ship can accommodate 3,376 passengers and is 335 meters long, 39.7 meters wide and can reach a speed of more than 23 knots. This cruise ship also carries a small deep-sea submarine that can take guests down to a depth of up to 200 metres. In addition, World Dream has been designed and built according to the latest safety regulations, Meyer Werft said.“This is the 44th cruise ship we delivered. Our team made a great job. I am proud and thankful for their contribution,” said Tim Meyer, Managing Director of Meyer Werft.The new cruise ship has been designed for the rapidly growing Asian cruise market.After being handed over to the cruise company in Bremerhaven, World Dream will set sail to Asia where it will offer cruises for two, five and seven nights. Sailing from Hong Kong, it will cruise through regions in Vietnam and China.Once it arrives in Asia in November of this year, the ship will replace its sister ship Genting Dream in the Pearl Delta and Genting Dream will be homeported in Singapore.Delivered to the company from German shipbuilder Meyer Werft on October 12, 2016, the Genting Dream can accommodate 3,400 passengers and 2,000 crew.Earlier this month Genting Hong Kong announced delisting from the Singapore Exchange Securities Trading Limited (SGX-ST).The company said that the move is in line with its strategic focus on its cruise ship business in Asia, in particular, North-Asia, as the company continues to undertake initiatives to tap the burgeoning growth potential in the Chinese market.Image Courtesy: Meyer Werft; Video Courtesy: Dream Cruiseslast_img read more

East Central Swimming State-Day 1

first_imgEast Central Swim Team had a strong start to the 2014 Age Group State meet.Jackson Ketcham- 5th boys 11-12 100 freestyle, 8th boys 11-12 400 freestyle;Jacob Weber-12th 13-14 200 butterfly; Alexis deLong-14th girls 13-14 100 freestyle; Ray Krider-17th Boys 10 and under 50 butterfly; Nick Weber-23rd Boys 10 and under 100 freestyle, 34th 10 and under boys 50 butterfly; Kyler Daulton- 25th boys 10 and under 50 breaststroke; and Alex Ketcham-28th 13-14 boys 100 breaststroke.ECST currently sits in 34th place with 33 points witb two days remaining.Submitted by EC Coach Brandon Loveless.last_img read more

Anelka reveals why he rejected chance to join Liverpool

first_imgFormer French striker, Nicholas Anelka, has revealed his decision not to sign for Liverpool permanently. Anelka impressed fans when arriving on loan from Paris Saint-Germain in December 2001, scoring five goals in 22 games for the rest of that season. But the Frenchman did not stay, despite many fans assuming he would sign permanently in the summer. Explaining the decision, Anelka told the Liverpool Echo: “This is my biggest regret as well [not signing permanently] because I knew it was the perfect match. Everything was perfect! I loved everything about the club. “I had an amazing relationship with the fans. I loved them and I think it was reciprocal. “Looking back, I am proud to have worn the jersey of this legendary club and to have known this stadium and these amazing fans.” He laid the blame on the foot of then manager Gerard Houllier, saying: “It’s simple: it didn’t happen because Gerard Houllier wanted to pay a lower salary. It’s acceptable but you have to say it.Advertisement Loading… Promoted Content10 Risky Jobs Some Women Do6 Extreme Facts About Hurricanes8 Weird Facts About Coffee That Will Surprise YouSome Impressive And Almost Shocking Robots That ExistA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayPlaying Games For Hours Can Do This To Your BodyMost Outstanding Female Racers Who Made History In SportsWhich Country Is The Most Romantic In The World?The Funniest Prankster Grandma And Her Grandson6 Things Women Found Really Attractive In The 60’sMind-Bending Technology That Was Predicted Before It Appeared7 Black Hole Facts That Will Change Your View Of The Universecenter_img “I wanted to sign from the first minute. Of course a permanent move was discussed from the first day I joined the club. “If you look at the first time they introduced me in the press conference, I said if I could sign now, I would but Gerard Houllier wanted a loan because he was not sure. “In the middle of March, we were in negotiations to sign. PSG shareholder Alain Cayzac said to me Gerard told him that Liverpool would sign me. “Later on Gerard told me face to face he’d sign me permanently. read also:Anelka names Wenger, Allardyce as best managers “In the middle of April we reached an agreement about the salary, which had stalled things a little, but I was expecting to sign my contract when the league was over but there was no news from PSG and no news from Liverpool. “I heard on the news that Gerard Houllier was after another player so that’s how I knew they were not going to sign me!” FacebookTwitterWhatsAppEmail分享 last_img read more

EPL: Tammy Abraham strikes eighth league goal in Chelsea win

first_imgRelatedPosts Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Chelsea sink Brighton to make winning start Nigerian born striker, Tammy Abraham, has scored his eighth league goal of the season as Chelsea won back-to-back Premier League games under Frank Lampard for the first time with a 4-1 win at Southampton.Abraham set the Blues on their way after 17 minutes before Mason Mount doubled the lead. Danny Ings’ effort on 30 minutes gave Southampton hope but N’Golo Kante’s deflected effort before half-time gave the visitors breathing space again.Christian Pulisic, on as a substitute, found Michy Batshuayi in the 89th minute and he made no mistake to complete the rout.Victory at St Mary’s moved Lampard’s men up to fifth, with struggling Southampton still just a point above the bottom three.Abraham tested Angus Gunn with a low shot before getting the better of him following a good pass from Callum Hudson-Odoi. Abraham took a neat touch and lofted the ball over the onrushing goalkeeper and despite Maya Yoshida’s attempts to clear, goalline technology proved the ball crossed the line.Southampton were reeling and just seven minutes later, Mount grabbed his fourth of the season following a slick move. Willian pounced on poor defending and the ball eventually found Mount, who slammed past Gunn to put Chelsea in charge.Mount should have made it 3-0 but screwed wide soon after and he and Chelsea were made to pay when Ings diverted a cross from the right in to reduce the deficit.Southampton looked invigorated following Ings’ strike but were left deflated just before half time when Kante’s effort deflected past Gunn to restore Chelsea’s two-goal advantage.Hudson-Odoi almost made it 4-1 just after the break but Gunn stood firm to deny him and Chelsea closed the game out with relative ease to claim a fourth win in a row in all competitions, with Batshuayi finishing things off late on. Tags: Chelsealast_img read more

Baby cut from mother’s womb has opened his eyes

first_imgThe Chicago infant who was hospitalized in grave condition after being cut early from his mother’s womb has briefly opened his eyes the family is reporting.The family shared pictures of the moment on their Facebook page Sunday.Police say the infant’s mother 19-year-old Marlen Ochoa, who was 9-months pregnant at the time, went missing in April.An investigation later found that Ochoa had been communicating with 46-year-old Clarisa Figueroa on Facebook and that Clarisa invited her to her home with an offer of free baby clothes.Once Ochoa arrived to the home, Clarisa and her 24-year-old daughter Desiree Figueroa allegedly invited Ochoa inside and distracted her with photos of Clarisa’s late son. At some point Clarisa then grabbed Ochoa while her daughter used a cord so strangle her. Once Ochoa was unresponsive, Clarisa forcibly cut the baby from her womb and placed him in a bucket. She then called police and told them that she had just given birth and that the baby was not breathing.When authorities arrived, they reported that they noticed blood on Clarisa’s upper body, however, there was no other indication that she had just given birth.Investigators later connected Ochoa’s disappearance with Clarisa’s story when friends of Ochoa told authorities that she had been communicating with a woman online. Authorities then searched the Figueroa’s home and found Ochoa’s body in a trashcan with the rope still around her neck. A DNA test later proved that the infant who was brought to the hospital belonged to Ochoa.Clarisa and her daughter has since been arrested for the murder of Ochoa. Authorities also arrested Clarisa husband who they believed helped clean up and hide the body after the murder.Authorities reported that Clarisa told friends and relatives that she was pregnant and planned to raise Ochoa’s infant as her own after her 20-year-old son died of natural causes.Doctors are reporting that while the infant has opened his eyes, he still remains in grave condition and is still on life-support.last_img read more

Penn, Yale meet in Ivy League semis

first_imgPenn, Yale meet in Ivy League semis VETERAN LEADERSHIP: Penn’s AJ Brodeur, Devon Goodman and Ryan Betley have combined to account for 55 percent of all Quakers scoring this season, though the trio’s production has decreased to 45 percent over the last five games.KEY CONTRIBUTIONS: Brodeur has either made or assisted on 56 percent of all Penn field goals over the last three games. The senior forward has accounted for 27 field goals and 24 assists in those games.ASSIST RATIOS: The Quakers have recently created buckets via assists more often than the Bulldogs. Yale has 28 assists on 72 field goals (38.9 percent) over its previous three matchups while Penn has assists on 47 of 91 field goals (51.6 percent) during its past three games.DID YOU KNOW: Both Penn and Yale are ranked atop the Ivy League when it comes to scoring. The Quakers are ranked second in the conference at 73.7 points per game, including 78.7 per game over their last three. The Bulldogs are ranked first among all Ivy League teams and have scored 76.3 per game this year.___ Associated Press March 12, 2020center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNo. 4 seed Penn (16-11, 8-6) vs. No. 1 seed Yale (23-7, 11-3)Ivy League Conference Tourney Semifinals, Lavietes Pavilion, Boston; Saturday, 10 a.m. EDTBOTTOM LINE: A ticket to the Ivy League championship game is ready to be punched as Penn and Yale are set to face off. The teams split the regular season series at one win apiece. The teams last went at it on Feb. 28, when Penn made only five foul shots on six attempts while the Bulldogs went 14 for 16 on their way to a three-point victory. For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

Twelfth-seeded USC to take on fifth seed ASU

first_imgIn a quest for the ultimate upset, the Trojans start off the annual Pac-12 Tournament in Las Vegas this week as the No. 12 seed. The Trojans will face off against the Arizona State Sun Devils, the No. 6 seed, on Wednesday.The Trojans hope that this tournament will be a bright spot in a season that saw the Trojans finish last in the conference for the second consecutive year. They ended their season with a loss to their crosstown rivals UCLA by a final score of 85-74. The Trojans allowed the Bruins to go on a 25-7 run in the first half, and they could never catch up. Redshirt sophomore Katin Reinhardt led the way in the loss with 22 points off the bench; the Trojans will rely on his scoring in the tournament during which they will continue to be underdogs every night.The Trojans are one of the youngest teams in the entire country; among the power five conferences, the Trojans have the youngest roster in terms of minutes played by class. Head coach Andy Enfield knows that his team is young, but he also knows they will go out ready to compete.“We understand that from a physicality standpoint and from an age difference, they’re much older and a little stronger than us physically,” Enfield said. “We feel that if we go compete, we have a great chance.”Arizona State will come into the tournament having won five of its last seven games, a run that catapulted them to the five seed in the tournament. Their last win was over California by a margin of 74-70 in which they were led by senior forward Shaquielle McKissic, who scored 21 points in his last home game for the Sun Devils. McKissic is the leading scorer for the Devils with an average of 11.5 points per game.The last time these USC and ASU faced off, the Sun Devils came away on top, 64-59. The Devils had to rally late to beat the Trojans, who had led for the majority of the game. In this game, USC was led by reserve sophomore guard Kahlil Dukes who scored a career-high 18 points. Dukes kept the Trojans in a game where they were missing three of their players. Reinhardt, junior guard Chass Bryan and sophomore guard Devon Pflueger were all sent home from the Arizona road trip for violating team rules.USC will not head into Vegas at full strength, as freshman guard Jordan McLaughlin is out for the season with a shoulder injury. McLaughlin was named to the Pac-12 all-freshman team on Monday. On the season, McLaughlin averaged 12.1 points, three rebounds and 4.5 assists per game. He led all Pac-12 freshman in assists and steals per game, and he is the first Trojan to be named to the team since Maurice Jones back in 2011.Without McLaughlin, the Trojans will lean on their two dynamic sophomores against Arizona State. Sophomore guard Julian Jacobs has proven lately why he was named captain of the squad, both with his production on the court and through his leadership on such a young team. In the last seven games for the Trojans, Jacobs averaged 11.9 points, 6.6 rebounds and seven assists per game. Jacobs has also been able to entertain the crowd as he leads the team with 18 dunks on the year. USC will also routinely go down low to sophomore forward Nikola Jovanovic, who averaged 12.2 points and 7.1 rebounds per game for the Trojans during the regular season. Jacobs stressed preparation when he talked about the pending tournament.“You have to have a chip on your shoulder when you play in these kind of tournaments where it’s win or go home,” Jacobs said.The game will tip off at 2:30 p.m. at the MGM Grand Garden Arena. The winner of the game will go on to face the UCLA Bruins, who earned a first round bye by placing fourth in the conference during the regular season. USC lost to UCLA in both matchups this year while the Sun Devils won the only meeting with the Bruins earlier in the year.last_img read more

Munster ready for the Dragons

first_imgSimon Zebo and Ronan O’Mahony return to the back-three on the left and right wing respectively with Lucas Gonzalez Amorosino switching to full-back. Dave Foley and Mark Chisolm are in the second row while Robin Copeland is at number 8. Gerhard Van Den Heever and Tyler Bleyendaal are on the bench In tonight’s action leaders Connacht are away to Cardiff at five past seven while Ulster welcome Edinburgh at twenty five to seven.last_img

Taylor aiming for WBA crown

first_imgThe bout is on the undercard to Anthony Joshua’s heavyweight title defence against Kubrat Pulev. Katie Taylor says she aims to unify the world lightweight titles, if she wins the WBA crown next month.Taylor will fight for her first world title when she meets Anahi Esther Sanchez of Argentina in Cardiff on October 28th.Sanchez only won the WBA title last weekend, and was the only lightweight champion willing to meet the Bray native.last_img