Denmark’s PenSam is to expand its in-house asset management team, after internal equity portfolios outperformed those overseen by third-party managers.Benny Burchardt Andersen, CIO at the DKK100bn (€13.4bn) pension provider for employees of Danish municipalities, said a decision reached in 2010 to increase the level of internal active management of equities had paid off – both in absolute and relative returns.He told IPE’s How We Run Our Money that the provider’s current approach to external equity managers was “close to being a passive strategy”, albeit with an enhanced mandate.“In other words, while the external managers are tracking companies, PenSam uses internal tactical management as a second layer incorporating its views on different regions, sectors and derivatives to generate alpha,” he said. “We have a strong view on what constitutes alpha and what constitutes beta in the equity portfolio, and, over the last few years, the estimated 1.5% outperformance, as opposed to the 1% generated by the best external managers between 2010 and 2013, was mainly a result of internal management decisions.”He said the outperformance had resulted in the decision to increase the size of its in-house management team.“We will add to the number of people working in active management both on a strategic and tactical level,” Buchardt Andersen said.“We will have to be extremely focused on creating outperformance in the future because, after two good years in equity markets, future returns and consequently pensions are going to be lower. In short, for us, active management equals outperformance.”Burchardt Andersen said internal staffing levels had already been increased in the area of direct lending, and that the high-yield bond team was also likely to grow.“The board needs to approve it first, but the risk is fair now, which is why we are moving into illiquid credit and investment-grade bonds,” he said.For more on PenSam, see How We Run Our Money in the current issue of IPE.
Architect Mark Wilson will speak about how to build your ‘grand forever home at tomorrow’s Brisbane Home show. Pic David KellyDESIGNING homes for multi-generational living is the latest trend in Queensland architecture.That is according to Architects Black and Wilson architect Mark Wilson, who is offering advice on how to build your ‘grand forever home’, at tomorrow’s Brisbane Home Show.Mr Wilson said with the increasing pressure on first home buyers to raise their initial deposit, Millennials were returning home in such high numbers it was changing the way Queenslanders were designing their houses.“We need to design the houses for multi-generations, because the Millennials go away for two years, then come home and they stay home there until they have enough money for a deposit,” he said.“As deposits are getting more and more and more, most of them stay there until they’re probably in their 30s.“So we’ve got to design the houses for their kids to come home, and quite often possibly married, so they need to design it so there is autonomy and privacy for two multi-generational families under the one roof.”Architects Black & Wilson’s Stanthorpe project, which won the regional and state QMBA award for excellence in sustainable living.At tomorrow’s event Mr Wilson is expected to speak about a recent Stanthorpe project, in which he came up with an innovative way to address the varying temperatures at the site.“Temperatures range from minus 5 to 40 degrees so we incorporated a ‘breeze-solarium’ in the middle of the house,” he said.“This room is ostensibly an internal breezeway that is completely shaded and opened up to the cooling breezes in summer.This room is ostensibly an internal breezeway that is completely shaded and opened up to the cooling breezes in summer.“The wedge shape pulls hot air form the adjoining building.“Conversely this room is completely enclosed in winter and designed to allow full sun penetration warm the whole house in winter.”More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThis room is completely enclosed in winter and designed to allow full sun penetration warm the whole house in winter.The event, being held from 1pm at the Brisbane Convention Centre’s seminar room, will also address designing for climate, function, the site and longevity.>>FOLLOW EMILY BLACK ON TWITTER<
Loading… Promoted Content10 Risky Jobs Some Women DoWho Earns More Than Ronaldo?Best & Worst Celebrity Endorsed Games Ever MadeCouples Who Celebrated Their Union In A Unique, Unforgettable WayTop 10 Most Costly Liquids In The WorldThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalTop 10 Tiniest Phones Ever MadeWhich Country Is The Most Romantic In The World?Everything You Need To Know About Asteroid ArmageddonThe Highest Paid Football Players In The World2020 Tattoo Trends: Here’s What You’ll See This YearCan Playing Too Many Video Games Hurt Your Body? On a serious note though, please everyone stay home, look after one another through this difficult time and check in on loved ones but don’t visit them” he had dished out Walker can certainly expect a hefty fine as a bare minimum, but it’s entirely possible he will be handed a much harsher penalty. Realising the error of his ways, the player issued a grovelling apology, per The Sun. “I want to take this opportunity to issue a public apology for the choices I made last week,” he said. “I understand that my position as a professional footballer brings the responsibility of being a role model. Read AlsoWalker’s ex-wife furious with England ace over secret love child with friend “As such, I want to apologise to my family, friends, football club, supporters and the public for letting them down. There are heroes out there making a vital difference to society at the moment, and I have been keen to help support and highlight their amazing sacrifices and life-saving work over the past week. “My actions are in direct contrast to what I should have been doing regarding the lockdown.” FacebookTwitterWhatsAppEmail分享 Man City star Kyle Walker was caught hosting sex party before begging the public to stay at home during lockdown. Kyle was alledged to have hosted a sex party with two prostitutes just before sending a message to the public to stay at home during the coronavirus pandemic According to The Sun, the right-back paid £2,200 for 21-year-old escort Louise McNamara, and a 24-year-old Brazilian to have sex with him and a friend at his rented apartment in Hale, Cheshire. “I work with an agency in Manchester. I got a message from my boss saying a high-profile client was looking for somebody classy,” McNamara told The Sun. “I got a cab from Manchester to the address and a driver picked me up outside and took me to the gates of his apartment. Then his friend came out and met me. There was another girl in the car too. I didn’t know who he was at the time but I took a few photos of him. walker told his 1.7million instalgram followers to stay home “Kyle really should know better. On the one hand he’s inviting strangers round to his house for sex, and the next day he’s lecturing everyone on the need to stay safe. He’s a hypocrite and putting people at risk.”
I hope no one took it what I said last week about what I think it takes to be a good broadcast announcer personally. The idea for that particular column came from a discussion during breakfast club one day. They were discussing why they didn’t like one of the big time announcers on TV. I listened to that conversation and added my own 2 cents worth to the article I wrote.We are lucky to have local announcers who are familiar with our schools and the athletes. That makes it so much more enjoyable when you are listening to the games. I certainly enjoyed my years when I was doing color and play-by-play.DON’T FORGET THE ANNUAL ALUMNI GAME TODAY AT THE BATESVILLE HIGH SCHOOL GYM!
Frederick, Md. — An NBC affiliate in Maryland is reporting a prominent doctor, his daughter and a family friend have been identified as victims of the Saturday air crash near Hamburg. Dr. Louis Cantilena, Amy Cantelina, Paul Schuda and two dogs were on board the single engine Cessna when it went down in the 5000 block of Hamburg Road around 9 p.m.Cantelina was making a one day trip from Frederick, Maryland to Kansas City, Missouri and back to pick his daughter up from medical school. He was a professor at the Uniformed Services University of Health Sciences in Bethesda.
Joe Stein Stein Farms, Inc. –Greensburg, IN Columbus, IN—U.S. Congressman Greg Pence announced the formation of the Sixth District Agriculture Advisory Board and hosted its first meeting in Columbus, IN. The board is comprised of agriculture leaders and innovators from across the district. Kimmie Gauck Gauck’s Meats –Greensburg, IN Roger Wenning Wenning Farms, Inc. –Greensburg, IN Lavinia Herzog Union County Farm Bureau –Liberty, IN Nick Wenning Wenning Farms, Inc. –Greensburg, IN Gerald Gauck Gauck Farms Milan –Milan, IN Paul D. Corya Corya Farms –Greensburg, IN Vanessa Corya Corya Farms –Greensburg, IN William Gelfius Gelfius Farms –Hartsville, IN Steve Gauck Gauck Farms –Greensburg, IN Jennifer (Clouse) Swope Clouse Family Farm –NexJen Seed LLC-Hope, IN Each member on the board serves on a volunteer basis and provides relevant counsel to the Congressman on all matters relating to agriculture, including active legislation in the U.S. House of Representatives. “The Hoosier state ranks fifth in the nation for corn and soybean production – consistently ranking in every category of commodity and livestock production. I have called the Sixth District home my whole life, and I am fully committed to spearheading agriculture issues in Congress on behalf of the hard-working farmers that put food on our shelves every day,” said Congressman Pence. “I thank each and every member of the Sixth District Agriculture Advisory Board for committing to serve and I look forward to working together to promote the agricultural industry.”Members from southeastern Indiana representing on the board include: Doug Hobbs Pioneer Hi-Bred –Madison, IN Brad Ponsler Ponsler Family Farms –Indiana Farm Bureau –North Vernon, IN
Ben Boppeler, 57 years old, passed away peacefully Friday, May 22 surrounded by family. Formerly of Xenia, OH, Ben met his wife, Anita (Wesseler) of 33 years, in Cincinnati after being introduced by his sister. They enjoyed life and meeting new people in several different states including Florida, Ohio and Indiana and most recently moved from their home of 14 years in New Paris, OH to St. Peters, IN. Ben spent much of his life as a tree climber and truck driver. Given his tree climbing occupation, Ben was drawn to collecting Stihl chainsaws. Anita enjoyed travelling with Ben in his truck and their son, Steven, also remembers loving those days. Ben had a kind heart and loved animals, especially dogs. He was lovingly coined the failed foster dad because he couldn’t let the dogs go and at one time was the foster dad of 10 dogs. He was an avid couponer and loved to share his savings with his daughter, Tasha. Not many know of his dream to one day climb aboard the Star Trek Enterprise. Ben & Anita’s bed was located directly under a skylight and looking at the night sky through this window fostered his enthusiasm for outer space.Ben will be greatly missed by his wife Anita and children April (Jay Hayslip) Morris of Xenia, OH, Tasha (Glen Sr.) Sailor of Midway, AR, and Steven (Brittany Shadday) Boppeler of Oldenburg, IN; 11 grandchildren and 4 great-grandchildren. He is survived by his siblings Joe Stern, Tim Stern, Tammy Edgerton, Bridget Stern, and Pam Stern. Ben is preceded in death by his parents Marie Chenoweth & Charlie Boppeler and sister Laurie Bell.A private celebration of life will be held in Ben’s honor. Memorials can be made to Preble County Humane Society at 951 S. Barron St. Eaton, OH 45320 or the American Cancer Society at PO Box 22478 Oklahoma City, OK. To offer condolences online, please visit www.andres-wuestefeldfh.com.
Ruby Walsh felt the lack of experience in an ultra-competitive contest such as the Hennessy Gold Cup contributed to Djakadam’s downfall in the Newbury feature last Saturday. “I was a little bit disappointed initially and then when I thought about it, I wasn’t that disappointed,” Walsh told Racing UK. “I’d just say he wasn’t battle-hardened enough. It was his first run of the season, he hasn’t got many miles on the clock. “He travelled well, he jumped well. I thought going to the cross fence I had a great chance. He just got tired going into the straight and then started to run on again and then he missed the second last, but the race was over at that stage. “I’m sure he’ll improve a lot for it. “When you’re at that level of a race, you probably do need miles on the clock. As a five-year-old, he just wasn’t battle hard enough for it. “I’ve not discussed it with Willie yet. He’s off a mark of 142, it will be hard to step him into a Grade One. “He needs to show he’s better than that to warrant a place in a Grade One. I imagine Willie will find a race for him somewhere along the way. He’ll be a lot better for the run.” Press Association The five-year-old was sent off 5-1 favourite for what was only his fourth run over fences. Though he briefly flattered, he eventually finished eighth behind Many Clouds. Djakadam won a four-runner Grade Two novice chase at Leopardstown in January, but Walsh believes the Willie Mullins-trained gelding has not yet earned his place at the top table.
Press Association Prendergast said: “I’d say that wasn’t a bad race. We’ll bring her back here for the Swordlestown (Listed Coolmore Stud Fillies Sprint, June 1) and try and get a bit of black type, although that race could be a different kettle of fish. “I’d say that’s the sort of ground she likes and I don’t think she’d go on brick hard. Most of the Dark Angels don’t and she’s from a soft-ground family. The grand-dam Rebelline couldn’t run unless it was soft.” Rue Bonaparte opened her account at the second attempt with a hard-fought success in the Irish Stallion Farms EBF Fillies Maiden at Naas. Kevin Prendergast’s Dark Angel filly had finished second on her debut over the course and distance last month but had to dig deep to land the spoils. Leading a furlong out, Chris Hayes kept the 6-4 favourite up to her work to hold the late bid of market rival Californiadreaming.
For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. highlights New Delhi: The ICC Cricket World Cup warm-up games between Pakistan and Bangladesh at Cardiff, as well as the game between West Indies and South Africa from Bristol, was affected by rain. While Pakistan vs Bangladesh match was abandoned without a ball being bowled, the match in Bristol between West Indies and South Africa saw some action but after two rain breaks, the game was declared a no-result. The abandonment of Pakistan vs Bangladesh game is a blow to Sarfraz Ahmed’s side, who head into the World Cup having lost nine out of 10 games and losing their only other warm-up game to Afghanistan by three wickets.In the other warm-up game at Bristol, West Indies inserted South Africa into bat but the Proteas started well with Hashim Amla, who had hit a fifty in the game against Sri Lanka, smashing two boundaries in the first over bowled by Jason Holder. Quinton de Kock, who was rested for the previous game, got going with a four off Sheldon Cottrell and both batsmen started well. The left-hander looked in great touch with two boundaries off Cottrell in the sixth over. However, the rain arrived during the ninth over and after a 50-minute halt, play resumed. However, after seven balls, the rain returned again and this time the delay was longer. When play resumed after over two hours, the match was reduced to 31-overs-per-side. Amla continued his great form and he got to his second fifty by cutting Oshane Thomas over the third man fence for a six and then getting an inside edge that raced away to the fine leg fence. De Kock looked ominous but the match was interrupted by rain yet again and the umpires decided to call the game off.South Africa’s warm-up games are done and they will start their World Cup campaign on the opening day when they take on England on May 30 at The Oval. West Indies will take on New Zealand at Bristol in the final warm-up game. The next two games will see England take on Afghanistan at The Oval followed by Australia taking on Sri Lanka at Southampton. South Africa will take on England in the ICC Cricket World Cup opener.West Indies will play one warm-up game against New Zealand.Pakistan will open their World Cup campaign against West Indies.