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  • CIO at APG warns of dwindling benefits of diversification

    first_imgIt has also improved access to all asset classes.“Ten years ago,” he said, “investors were reluctant to invest in emerging market debt, but nowadays, this is a normal practice.”But he also warned that the new-found ease with which investors could shift assets worldwide had also increased herd behaviour.“There is an incredible amount of money looking for returns, and the current is always in the direction of the same investment opportunities,” he said. Van Gelderen said he was not particularly surprised by the increase in correlation among the various asset classes.“At the end of the day, all returns are based on economic growth, and this applies to all investments,” he said.In his opinion, increasing investments in non-listed assets such as infrastructure will fail to deliver the diversification pension funds desire, “as these investments are also GDP-driven”.However, he said there was no reason for APG to shy from less liquid investments.“For us, as a large investor, these investments carry the benefit that we can participate immediately,” he said. “Further, we are required to share profits with fewer players.”Van Gelderen made clear that the “new reality” of increasing correlation and dwindling diversification would not lead to direct changes in APG’s investment policy. Correlation within various asset classes has increased markedly in recent years and thereby reduced the risk-smoothing benefits of diversification, according to Eduard van Gelderen, CIO at €390bn asset manager APG.Speaking at Beleggersberaad 2014, the PensioenPro conference for investors, Van Gelderen said diversification was the “only investment belief APG needed to adjust”, following changes in the financial markets.“For a long period,” he added, “diversification was the only ‘free lunch’ in the financial sector, and one of our seven investment beliefs.”Van Gelderen attributed the increase in correlation to improvements in technology, which has made transferring assets from one asset class to another much easier.last_img read more

  • Spectrum Geosurvey to work on Hornsea Two offshore wind project

    first_imgUnder the two-year contract, Spectrum will provide on-demand geophysical survey capacity for the wind farm. The 1.4 GW offshore wind project is scheduled to be commissioned in 2022. Hornsea Two will comprise 165 Siemens Gamesa 8 MW turbines mounted on monopile foundations some 89km north-east of Grimsby. “Spectrum look forward to continuing to provide their services in support of the offshore wind industry and working closely with Ørsted and their Geoscience team.” Spectrum also worked on the Hornsea One project where it provided offshore construction support surveys. “We are delighted to secure another long-term contract allowing us to further invest in new technology and our highly skilled workforce,” said Jess Hanham, Spectrum Geosurvey’s Commercial Director. Spectrum Geosurvey has secured a construction survey support contract for Ørsted’s Hornsea Two offshore wind project in the UK.last_img read more

  • Pop-up porn malware on Google Play game apps

    first_imgNewsHub 13 January 2018Family First Comment: Another example of why we need an expert panel to investigate the harms of pornography www.porninquiry.nzSecurity firm Check Point says it has discovered new malicious software on 60 gaming apps available to both children and adults at Google Play Store that displayed pornographic ads and tried to trick users into buying premium services.Dubbed “AdultSwine” the malware hides inside game apps that Google Play data says have been downloaded between 3 to 7 million times, Check Point said in blog posting on Friday.The malware also sought to trick users into installing fake security apps, and it could open the door for other attacks such as theft of user credentials, Check Point said.It said games and apps intended for children were a new target for cyber criminals that had targeted hospitals, businesses and governments in the past.“The most shocking element of this malware is its ability to cause pornographic ads (from the attacker’s library) to pop up without warning on the screen over the legitimate game app being displayed,” it said.Check Point said Google took “decisive corrective action” to remove affected apps upon learning of the firm’s findings, disabled the developers’ accounts and will continue to show strong warnings to any users that still have the app installed.The games included Paw Puppy Run Subway Surf, Shin Hero Boy Adventure Game, Drawing Lessons Lego Ninjago and Addon Sponge Bob for MCPE.Check Point said it expected AdultSwine and similar malware to be repeated and imitated by hackers, warning users to be extra vigilant when installing apps, especially those intended for use by children. read more

  • Drug ‘pushers’ fall in Kalibo buy-bust

    first_imgRenalyn Dela Cruz and Dahlia Flor Adrias were arrested in an entrapment operation staged by the joint forces of the Philippine Drug Enforcement Agency-Aklan and the Kalibo municipal police station on March 22. PHOTOS BY BOY RYAN ZABAL/PN Adrias, however, said that she wasselling ginger tea, or locally known as Salabatto fight the coronavirus disease 2019 outbreak. The 39-year-old Dahlia Flor Adrias ofSigma, Capiz and her niece Renalyn Dela Cruz – resident of the village –yielded the suspected illegal drugs, a police report showed. Joint forces of the Philippine DrugEnforcement Agency-Aklan and the Kalibo municipal police station DrugEnforcement Unit staged the sting operation around 9:45 a.m. on March 22. The suspects were nabbed after they solda big pack of suspected shabu to an undercover cop for P8,000, it added. Now detained, Adrias and Dela Cruz are facingcharges for violation of Republic Act 9165, or the Comprehensive DangerousDrugs Act of 2002.(With a report fromAkean Forum/PN)center_img When frisked, eight medium sachets ofsuspected illegal drugs and mobile phones were also recovered from the theirpossession. The suspects have been placed undersurveillance by the drug officers prior to the buy-bust operation. “Kararatingko lang dito sa Kalibo galingSigma kanina at dito natutulog sa bahay ni Lyn-Lyn (Renalyn) sa Andagao. Hindi sa akin ang mga druga at pera. Nagtitinda at nagde-deliver lamang ako ng salabat dahil uso angcoronavirus,” she stressed. KALIBO, Aklan – Two drug pushers werearrested in a buy-bust operation in Barangay Andagao.last_img read more

  • EC’s Michael Medlock Continues Football Career At Taylor Trojans

    first_imgEast Central High School’s four time offensive lineman of the year, Michael Medlock, has committed to continue his Football career at Taylor University and study Art Education.Medlock, a starter of the 2017 4A State championship team and one of this year’s team captains, is honored to play at Taylor and contributes his success on the field to his teammates and high school coaches, especially offensive line Coach Tim Behlmer. Medlock looks forward to becoming a part of the Taylor University football team under Head Coach Ron Korfmacher in addition to being a student on an amazing Christ-centered campus.Courtesy of EC Trojans Athletic Administrative Assistant April McFarland.last_img read more

  • NBBF: D’Tigers, D’Tigress will be ready for Olympics

    first_imgRelatedPosts Tokyo 2020 organisers want ‘Super Mario’ Abe to remain involved Athletes in non-contact sports to resume training in Port Harcourt – Minister Serbia-based Nigerian basketballer slumps, dies after training Ahead of a busy 2021 and 2022 international calendar, the Nigerian Basketball Federation is becoming the most sort after federation, thanks to her rising profile in global basketball family with interests from many players wanting to play for Nigeria ahead of the Olympics. Reacting amidst news reports that Brooklyn Nets guard Spencer Dinwiddie is interested in playing for D’Tigers in next year’s Summer Olympics, the NBBF made it clear that eligible players around the world capable of improving the team will be given a chance. The Federation’s President, Engr. Musa Kida, is quite happy with the renewed interest of Nigerian players within the National Basketball Association and National Collegiate Athletic Association in committing their international future to Nigeria. Kida said: “This is a good time to be alive as a Nigerian basketball fan. The new found fame in the world has started yielding the desired results. Gone were the days when even kids playing at the collegiate system avoided our teams like a plague. “We have lost many good players in the past, but now things are looking up. Top rated players have started reaching out to the federation. We will consider each player including the likes Dinwidde on case by case basis in accordance with FIBA rules as provided for under Chapter 3, article 21(a). “The FIBA rule stated that national teams participating in a Competition of FIBA may have only one player on its team who has acquired the legal nationality of that country by naturalisation or by any other means after having reached the age of 16. “New Orleans Pelicans centre, Jahlil Okafor is also reportedly interested in fighting for a shirt. There are many top players out there who are eligible to play for us while some may also be thinking of naturalization as allowed by FIBA rules.” The NBBF President informed that the technical crew was looking at players who will add something extra to the teams ahead of the Summer Olympics. Kida said: “While at the World Cup in China, the coaches and many Nigerians noticed that we needed more tested hands to improve the team. We are therefore working closely with the Technical crew to identify players capable of bringing something to the table.” He said a podium finish at the now postponed Summer Games is not impossible, but to achieve such feat, the best materials must be made use of.Tags: BasketballNBBFNigeria Basketball FederationTokyo Olympicslast_img read more

  • We have shown that we can compete – Holder

    first_img(ESPNCricinfo) – FOLLOWING their gritty fight in the second innings in Dubai, Jason Holder, the West Indies captain, expressed confidence to deal with Pakistan and their key bowler, leg-spinner Yasir Shah, at their ‘fortress’ in Abu Dhabi. However, they would have to clean up their fielding and bowling going into this Test, he said, and readjust to playing in the daytime.“We are obviously very confident as we played a very good Test match in Dubai and it was very competitive,” Holder said. “We had some great positives coming from that game, and for me, it is just to transfer it to this game. Abu Dhabi may be a fortress for Pakistan, but we have shown that we can compete in this series.“They have heavily depended on Yasir Shah and I think we coped with him very well. He was not that effective even on a day-five pitch.”Pakistan have not lost in any of the eight Tests they have played at the Sheikh Zayed Stadium, winning four of them. For West Indies to challenge that record, as Holder said, they would have had to improve on their catching in the first match, where eventual triple-centurion Azhar Ali was dropped on 17 and again on 190. No-balls were also an issue, particularly for fast bowler Shannon Gabriel, who overstepped 11 times in the game. Fellow pacer Miguel Cummins also bowled two no-balls, even getting a wicket off one – Babar Azam on four in the second innings; he eventually scored 21.“We need to sharpen up on the mistakes we made in the field,” Holder said. “And we should cut out those no-balls as they cost us. We need to improve on small areas in fielding and tighten up when we bowl, and stick to our plans for a lot longer.“The wicket was very good, both sides struggled to get wickets with their seamers. Spinners dominated in the Test. In such a situation, you (as a seamer) have to be very patient and accurate.”The main readjustment with regard to going from a day-night Test to a day Test, Holder said, would relate to the players’ body clock and not the ball. “We are accustomed to the conditions. However, our body needs to get accustomed to the clock, from bowling in the night and the afternoon start. Now, we have (to play) the whole day and it is a small adjustment. Playing red ball from pink will not need any major adjustment.”last_img read more

  • Cricket News India vs West Indies, 2nd T20I, Highlights: India win by 22 runs via DLS method, take 2-0 lead in series

    first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: India have chosen to bat in the second Twenty20 International against West Indies in Florida. Virat Kohli’s side are unchanged while for West Indies, John Campbell is out. Rohit Sharma blasted his 17th fifty and he also went past Chris Gayle’s world record tally of sixes in Twenty20 Internationals. India lost their way slightly in the death overs as Virat Kohli, Rishabh Pant and Manish Pandey fell in quick succession. Krunal Pandya blasted two sixes and Ravindra Jadeja hit a six in the final over as India ended on 167/5 after the end of 20 overs. In response, West Indies lost the openers cheaply but Rovman Powell kept the West Indies in the hunt with his second fifty. However, Krunal Pandya took two wickets in one over, including Powell for 54 and when the rain came, West Indies were behind the DLS par score and India won the match by 22 runs to take an unassailable 2-0 lead in the three-match series. (LIVE UPDATES IN HINDI) (LIVE SCORECARD)00:04 hrs IST: It is all over. India win by 22 runs via DLS method and take an unassailable 2-0 lead in the series.23:38 hrs IST: It has started to rain in Florida. The players were taken off as a precaution due to the lightning strikes near the area and according to US law, there has to be an immediate evacuation from an open area. We are not sure of when play might be called off.23:10 hrs IST: It has started to rain at Fort Lauderhill and the players are walking off. West Indies are 98/4 after 15.3 overs. The par score should be 120 at this stage.23:04 hrs IST: Kieron Pollard blasts a four off Ravindra Jadeja and West Indies are 95/4 after 15 overs.22:59 hrs IST: WICKET! The arm ball and Powell plays down the wrong line to fall for 54. He opts for the review but it is in vain. West Indies are 85/4 after 13.5 overs.22:55 hrs IST: WICKET! Superb catch by Manish Pandey. Flatter delivery outside off, Pooran fetches the slog and thumps it to long on, Manish Pandey at the boundary catches it near the ropes,throws the ball and jumps over the ropes, he jumps back in and completes a superb catch. West Indies are 84/3 after 13.2 overs.22:49 hrs IST: Second T20I fifty for Rovman Powell and West Indies remain in the hunt at 78/2 after 12.4 overs.22:45 hrs IST: Rovman Powell spoils Krunal Pandya’s over by hammering a six over deep midwicket. West Indies are 75/2 after 12 overs.22:42 hrs IST: Khaleel Ahmed concedes just four runs and West Indies are 66/2 after 11 overs, they need 102 off 54 balls. Tall task one fells.22:37 hrs IST: Krunal Pandya concedes just five runs and West Indies are 62/2 after 10 overs.22:33 hrs IST: Powell clobbers a six off Washington Sundar and West Indies are 57/2 after nine overs.22:28 hrs IST: Rovman Powell blasts two fours off Navdeep Saini as West Indies make good progress. Windies are 46/2 after eight overs.22:23 hrs IST: Rovman Powell blasts a six and a four off Khaleel as West Indies look to rebuild. West Indies are 36/2 after seven overs.22:19 hrs IST: Rovman Powell slams a four off Navdeep Saini and West Indies are 25/2 after six overs.22:14 hrs IST: Khaleel Ahmed is into the attack and he gets hit for a four. West Indies are 16/2 after five overs.22:07 hrs IST: WICKET! Narine gives Sundar the charge and misses the slog. West Indies are 8/2 after three overs.21:59 hrs IST: WICKET! Bhuvi strikes again and Evin Lewis falls for 0. A slow, knuckle ball on off stump, Lewis is beaten for pace and chips it to the right of Bhuvi who takes a superb catch diving forward. West Indies are 2/1 after 1.1 overs.21:41 hrs IST: Krunal Pandya blasts two sixes and Ravindra Jadeja also hits a six in the final over as India have ended on 167/5 after 20 overs.21:31 hrs IST: Only six runs in the 18th over bowled by Keemo Paul. India are 141/4 after 18 overs.21:22 hrs IST: WICKET! Sheldon Cottrell gets the massive wicket of Virat Kohli as he is bowled for 28. India are 132/4 in the 17th over.21:18 hrs IST: WICKET! Pant’s poor form in T20Is continues. Short and wide ball outside off from Thomas, Pant upper-cuts it to the third man and he falls for 4. India are 126/3 in the 16th over.21:17 hrs IST: Kohli thumps a boundary off Narine and India are 126/2 after 15 overs.21:10 hrs IST: WICKET! Oshane Thomas bowls a slower ball and Rohit Sharma miscues the slog to be caught at midwicket. India are 116/2 in 14 overs.21:04 hrs IST: Rohit clobbers a six and a four off Carlos Brathwaite and India are 111/1 after 13 overs.20:59 hrs IST: Rohit breaks Chris Gayle’s record of most sixes in Twenty20 cricket. He now has 106 sixes and is now the monster in six-hitting in this format. He also notches up his 17th fifty. Virat Kohli also gets going with a six and India are 98/1 after 12 overs.20:54 hrs IST: Rohit nears a fifty and Kohli has started confidently. India are 77/1 after 10 overs. 20:50 hrs IST: Sunil Narine bowls a tight over and India are 72/1 after nine overs.20:44 hrs IST: WICKET! Finally, West Indies get the wicket. Full and slow ball angled in from Keemo Paul and Dhawan misses the slog across the line. After 7.5 overs, India are 67/1, Dhawan out for 23.20:38 hrs IST: Shikhar Dhawan gets a boundary to the third man fence and the partnership continues to grow. India are 61/0 after seven overs. 20:32 hrs IST: Rohit flicks Keemo Paul for a big six and he is now level with Chris Gayle’s tally of sixes in this format. Needs one more. He adds insult to injury by sweeping Keemo Paul for a boundary and India are 52/0 after six overs.20:26 hrs IST: Dhawan creams a boundary to long off as Sunil Narine gets off to a poor start. India are 39/0 after five overs. 20:21 hrs IST: Rohit blasts two more fours off Sheldon Cottrell and India are 34/0 after four overs.20:16 hrs IST: Rohit gets yet another boundary off Oshane Thomas as he continues to bat with confidence. India are 21/0 after three overs20:07 hrs IST: Review time in the first over. Oshane Thomas gets this short delivery to lift up outside off and Dhawan looks to fend at it, the ball misses the edge but West Indies opt for the review. No spike on RTS. Meanwhile, Rohit Sharma gets going with a boundary and India are 6/0 after the first over.19:34 hrs IST: India has won the toss and they will bat. Virat Kohli’s side are unchanged. Kharry Pierre is in the side in place of John Campbell and Sunil Narine will open the innings.19:26 hrs IST: This is the same wicket where West Indies managed 95/9. There has been a bit of water sprinkled on the wicket and runs will once again be difficult to come by.19:18 hrs IST: The West Indies batsmen floundered against the pace of Navdeep Saini. India might want to try out some more expriments, possibly getting in the Chahar brothers.19:02 hrs IST: Hello, we are back again. This is the final game of the Lauderhill double-header. India will be hoping to win the series while the West Indies would be determined to put in a better performance compared to the one on Saturday. last_img read more

  • Chivita Rewards Consumers with Man Utd’s Jerseys

    first_imgParticipants were required to follow Chivita Juice on all social media platforms, and predict the final scores of the Manchester United matches one hour before they commenced. The first six fans with the correct predictions were selected as winners and rewarded with authentic Manchester United jerseys signed by some of the club’s top stars.The competition saw over 1,000 participants taking part throughout its duration.One of the lucky winners, Elizabeth Isaiah, expressed gratitude to Chivita 100% for the promo and its exciting reward.She said, “Thanks to Chivita 100%, I can now proudly say I own an authentic Manchester United jersey. It is always a welcome development when brands reward their loyal consumers. While I enjoy watching Manchester United play, this was an extra incentive for me to support the club, as well as get the very best of nourishment that Chivita 100% juice gives me.”Brand Manager, Chivita, Ademola Mafikuyomi, stated that the tremendous response from social media users to the promo and their enthusiastic participation in the competition was a reflection of the affinity Chivita 100% fruit juice enjoys amongst consumers in Nigeria.“We congratulate winners of the Chivita-United social media promo. We realize that football is the number 1 sport in Nigeria, and as such, this consumer promotion presented us with an opportunity to reward Nigerians for making Chivita 100% their favourite brand for everyday nourishment.“We will continue to identify the best platforms to connect with, engage, reward, and delight our numerous consumers whilst providing them with products that contain all the essential nutrients and vitamins the body needs. Consuming natural, high quality, healthy, and nourishing foods and drinks is especially important during this pandemic to enable the body stay well nourished, build strong immunity, and stay protected against infections and diseases.” he stated.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Chivita 100% fruit juice has rewarded winners in its just concluded Chivita-Manchester United social media promotion with exciting prizes including jerseys of the English Premier League club.The Promo drew excitement from enthusiastic soccer loving fans and consumers across Nigeria as they participated to get rewarded.The month long promo which began on June 15, 2020 created a platform for soccer loving fans to express their passion for the team they love, Manchester United, while enjoying healthy nourishment from their favourite fruit juice brand Chivita 100%.last_img read more

  • Even without goals, Orange men’s soccer staying afloat for postseason

    first_imgThere are two sides to the coin. Two different ways of looking at the Syracuse men’s soccer team’s season. One side — heads — shows that through its first five Big East games, the team hasn’t scored a goal. ‘That’s kind of an alarming statistic,’ SU defender Justin Arena said. But when the coin comes up tails, it shows a team in fifth place in the conference’s Red Division. This side shows a team that is on pace to qualify for the Big East tournament for the first time since 2005. ‘Not having scored a goal, we’re not doing too bad for ourselves,’ midfielder Geoff Lytle said.AdvertisementThis is placeholder text So when that coin is flipped in each of the Orange’s final four games, SU is hoping tails never fails. Despite being the only team in the league without a goal in conference play, Syracuse (2-6-5, 0-2-3 Big East) would qualify for the Big East tournament if the regular season ended today. Its three ties, and subsequent three points, leave the Orange in fifth place of the eight teams in the conference’s Red Division. With the top six teams in each division advancing to postseason play, SU only has to stay afloat for four more games. The team thinks nine points is the amount needed to feel safe about moving forward, meaning the Orange needs to double its win total in the next two weeks. Syracuse’s five-game goalless streak to start the conference season is the longest drought since the program joined the Big East in 1985. Prior to this season, an Orange team had never gone more than three Big East games to start the season without finding the back of the net. ‘If you told us we were going to go five games without a goal, I’d be worried,’ midfielder Nick Roydhouse said. ‘This final stretch is huge. It’s like booking your place in the playoffs. You need to realistically get around nine points, and at the moment, we’re sitting on three.’ Winning at least two of the next four games will be anything but easy for the Orange. Beginning on Wednesday, Syracuse takes on Villanova, Rutgers, No. 2 Louisville and Cincinnati. With the exception of Rutgers, all of those teams are currently above Syracuse in the Red Division standings. But that doesn’t mean the Orange can’t pull off an upset. In a season in which perennial power and preseason No. 17 St. John’s is still winless in the conference, anything is possible. In a season in which Georgetown, a team that finished one game above .500 in 2009, is leading the Blue Division, anything is possible. Parity abound. ‘You never know,’ Lytle said. ‘We had more trouble with Marquette than we did St. John’s, and on paper St. John’s is supposedly a better team. So you can’t go into any game thinking that it’s an easy three points. Every game you play, the stakes get higher and higher.’ Arena made it perfectly clear he and his teammates know what they have to do. Two wins is the minimum. Four wins would be ideal. Arena and the other returning Syracuse players have never gotten a taste of postseason play. Not the Big East tournament. Not the NCAA Tournament. Nothing. The hunger and the desire are there. The only question is whether or not the goals are. This team has scored fewer total goals than any team in the Big East and has been shut out seven times. ‘We need to get the first goal (in these games),’ Lytle said. ‘We need to get any goal actually, forget the first goal. That’s going to be our main mindset.’ It seems simple: score goals and win games. Yet the Orange has managed just eight goals and won just two games. Nonetheless, the team controls its own destiny. If it can get to nine points, it will likely make the Big East tournament. It’s up to the team. The coin will be flipped, that is for sure. The question that remains is which Syracuse team — the one that is goalless or the one that is on pace to make the Big East tournament — will be there to catch it. ‘The coaching cliché of one game at a time right now is probably more important than ever,’ McIntyre said. ‘This is the fun part. This is the exciting time of the year.’ Published on October 18, 2010 at 12:00 pm Contact Michael: | @Michael_Cohen13 Facebook Twitter Google+center_img Commentslast_img read more