Pension fund for ING produces 14% first-half return

first_imgDue to falling interest rates, it returned 8.1% on its fixed income holdings, which make up almost three-quarters of the overall investment portfolio. Credit and emerging market debt also delivered positive results.Over the first six months of 2014, fixed income holdings returned 18.2%, outperforming the benchmark by a considerable margin, the Stichting Pensioenfonds ING said.Its 17.7% equity holdings generated 5.8% over Q2, with emerging market equities returning 8%.The scheme said the quarterly return on its 4.8% property portfolio was more than 4%, adding that both listed indirect real estate and non-listed property contributed positively.Listed property generated almost 9%.The pension fund’s alternative investments in private equity and hedge funds returned more than 4%.ING attributed the 0.7-percentage-point underperformance largely to the “disappointing” results of hedge funds.Private equity returned almost 7%, it said. The €22bn pension fund of banc-assurer ING has reported a 7.2% return on investments over the second quarter, taking its overall return for the first six months of the year to more than 14%.Its coverage ratio, based on market value, increased by 0.9 percentage points to 129.5% in Q2.However, the scheme’s official funding – discounted against the three-month interest rate average, with the application of the ultimate forward rate – increased by 3.2 percentage points to 139%.The pension fund attributed the quarterly result to low growth and inflation, as well as a central bank policy aimed at promoting growth.last_img read more

Ship recycling in Pakistan and India in limbo

first_imgIndia has also suspended recycling for all ships arriving at Alang whose last port of departure was after March 13. The coronavirus pandemic has practically paralysed the ship demolition market in South Asia as lockdown measures continue to be introduced across the subcontinent. As informed, even those with Indian crew on board are going through rigorous medical checks, questioning, and procedures, before being allowed entry. The ships that departed a port before March 13, will be allowed to arrive at Alang. However, foreign crews will be subject to a quarantine of 14 days at the port of arrival. Cash buyer of ships for recycling GMS said that several ships have been detained at Alang anchorage this week, with authorities refusing to provide anchoring permissions. Despite the overall lack of activity given the current market situation, there is interest from some buyers to acquire tonnage, Clarksons Platou Shipbroking said in its report last week. The only subcontinent location that remains open is Bangladesh with several deals concluded this week, according to GMS, as owners scramble to finalize deals before a total global lockdown is eventually enforced. Clarksons added that with many ports adopting new restrictions, more owners will seek the ‘as is’ deal to avoid the last voyage to the recycling destinations. Therefore, the cash buyers would have to figure out how they would dispose of the units. “Several capesize bulkers continue to be discussed in the arena, but confidence from the cash buyers may restrict numbers placed on the negotiating tables. The market is not flush of cash buyers, several are reportedly facing difficulties with cash flow positions, and there is certainly more strain on those cash buyers active in the current climate.” Pakistan suspended all beaching and boarding of vessels at Gadani ship recycling yards last week for four weeks. All ship recyclers have been told to strictly comply with the order. “As Pakistan and India close their doors on all foreign ships arriving (with India also canceling all international flights), the reality is that subcontinent recycling locations will remain quiet as long as the coronavirus crisis persists,” GMS said in its weekly market review. “As European markets grind to a halt and a non-essential travel bans come into effect at various EU countries, it’s only a matter of time until Turkey follows suit. As such, this unintended closure, should it come into effect, may just be what the doctor ordered, given this markets plummet this week,” the cash buyer said. Namely, Turkey is also expected to halt activities amid reports that vessels are being turned away from Aliaga and that deals are failing, GMS believes.last_img read more

Long tow to I-37 pays off for Andersen

first_imgChad Andersen was the Saturday night IMCA Modified feature winner at I-37 Speedway.By J.M. HallasPLEASANTON, Texas (April 7) – It wasn’t the trip he had planned, but Chad Andersen of Fort Calhoun, Neb., made the 13-hour drive pay off with a win in the IMCA Modified feature Saturday at I-37 Speedway.Starting toward the back with no point average, Andersen hung out letting the field sort itself, then began his march to the front. Andersen caught Rick Green, Jamie Campbell and Dillon Tindall near halfway making a four-car fight for the lead. Andersen grabbed the point on lap 13, then survived a couple late restarts to pick up the victory.“The win made the long trip worth it. We had intended to go to a two-day show in Iowa and took vacation time. That got canceled, everything else around us got canceled and the closest IMCA stuff was here in Texas,” Andersen said. “After our original plan, Waco and Kennedale rained out, we looked for another IMCA track and three hours south, here we are. It seemed to pan out for us. We had some bad luck blowing out a couple trailer tires, but it’s all worth it. It’s all fun.”last_img read more

Guyana coach disappointed after heartbreaking loss to Suriname

first_imgIN one of the most exciting games played for the year, Team-Guyana saw its hopes of a third game in the best-of-three series dashed as their second game finished 66-63,in favour of Suriname. The home side, facing a must win situation, overcame a 14-point Suriname lead but were unable to hold on until the end.For Guyanese fans, the game could not have had a better start,since Guyana jumped out to a 19-15 first quarter lead behind the scoring of Travis Belgrave, Stanton Rose and Nathan Saul. The team would ride the momentum into the second quarter to lead 29-24 at the half-time break. Offensively, the team was in rhythm, hitting shots and beating the defensive press that Suriname had instituted in the first game.At the start of the second half,however,Guyana struggled a bit on the offensive end, finding it hard to score. The turnover battle also started to slip away from Guyana,who gave the ball away 6 times in this quarter. Suriname had two back-to-back dunks off two turnovers by Yamill Wip and Donyell Samson, which gave them some momentum. The quarter finished 45-41 with Guyana down by 4.The fourth quarter seemed all but over as Guyana went almost 5 minutes without a basket while Suriname piled on the lead to 14. It was at this point that in almost movie-like fashion Troy “Rambo” David entered the game;coming on as a sub after a break in play.. David went on a 15-point blitz;hitting back-to-back threes, scoring a layup, hitting another step-back three,scoring another layup and a free throw. At that point the Guyanese supporters went wild and it truly seemed as if Guyana would win the game. Everything was going the team’s way, up to the 1:08 second mark when the team led by 4.David stated “I knew we were down and I did what I had to do”. However,it wasn’t enough as with 23.9 seconds left in the game, Emile LaRose of Suriname was fouled late in the shot clock and stepped to the line for two free throws. He hit both,giving Suriname the lead. Guyana would once again try to score but the stiff defence of Suriname kept them in the game as LaRose came up with a steal to extend the lead to three points.With 10 seconds left on the clock, Saul tried to draw a foul but there was no call and the game was over. It was a heartbreaking loss for the home side who,despite missing 19 free-throws and recording 21 turnovers,were less than a minute away from a win.For Guyana, Rose poured in 21 points, David had 15,while Belgrave and Saul finished with 12 and 10 respectively. For Suriname,Dancell Leter finished with 17,Yamill Wip finished with 13 while Bjoron Ewijk finishing with 10. Emile LaRose had 9 points with 5 of those being crucial.Following the loss,Guyana’s coach Junior Hercules stated “We had good moments, but we failed to have consistent moments. It’s disappointing but it’s basketball.”Suriname’s coach Earl Sabajo stated that “This team has a lot of character;the feeling of winning this type of game is indescribable.”The series finished 2-0 and the loss saw Suriname taking home gold in both male and female basketball.last_img read more

Cricket News Zimbabwe Finally Beat Afghanistan In Twenty20s, Hamilton Masakadza’s 18-Year Career Ends On High

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Zimbabwe’s record in Twenty20 Internationals against Afghanistan was a sorry tale. They had lost eight consecutive matches in the shorter format and they had lost the first game in the Twenty20 International tri-series competition also involving Bangladesh. However, on the ninth attempt, Zimbabwe finally broke their jinx against Afghanistan as they defeated them by seven wickets to end their tournament on a high. The player who boosted Zimbabwe was playing his last match. Hamilton Masakadza, the skipper, who made his debut in 2001, called time on his international career by smashing 71 off 42 balls and he went out on the ultimate high.Afghanistan chose to bat and they were given a rousing start by Rahmanullah Gurbaz and Hazratullah Zazai. The 83-run stand for the 10th wicket gave Afghanistan an ideal platform where they could get to a big score. However, in the middle overs, Zimbabwe fought back with Tinotenda Mutombodzi and Christopher Mpofu running through the middle order. Afghanistan lost four wickets for 17 runs. Gulbadin Naib and Fazal Niazai tried to revive the innings but Mpofu returned in the death to strike at regular intervals. Mpofu ended with 4/30 and Afghanistan were restricted to 155/8. In response, Zimbabe started well with Brendan Taylor smashing a four and a six off Mujeeb Ur Rahman in the first over while Masakadza got going with a big six off Dawlat Zadran. Masakadza continued to target Zadran by smashing his second six off the bowler. Although Taylor fell, Masakadza dealt in sixes by hammering Mohammad Nabi for his third six. Nabi continued to bear the brunt of Masakadza’s onslaught as he smashed a four and a six in the ninth over to notch up his fifty off just 27 balls. Also Read | Seven Balls, Seven Consecutive Sixes! Yes, This Happened In T20 Match Between Afghanistan And ZimbabweRashid Khan, the best bowler in the shortest format of the game, was also not spared by Masakadza as he was blasted for a four and a six. However, in the fifth ball of the 13th over, Masakadza’s career came to an end when he miscued Dawlat Zadran to long on to fall for 71. The Afghanistan players rushed out and congratulated him. Afterwards, Masakadza was given a guard of honour as he left the field. Regis Chakabva and Sean Williams guided Zimbabwe over the line as they won by seven wickets. Also Read | Bangladesh Secure Tense Last Over Win Vs Zimbabwe, 19-Year-Old Afif Hossain Hits FiftySpeaking after the match, Masakadza highlighted what the future holds for him. “Just a monkey to get off our backs – we hadn’t beaten them in T20Is. To pull it off in my last one was special. Boys have shown a lot of fight throughout the tournament, just have failed to close it off in stages. Would’ve been different had we won the opener. Lot of ups and downs in the career. Few highlights stand out – being the most capped player for Zimbabwe, Grant Flower handing me the cap when we were playing against Pakistan in Bulawayo, first overseas win in Sri Lanka, and the Test match that we won here which was my first win as a Test captain. Have to give something back to the game, give something back to the youngsters as well. Will try to be around on the domestic circuit and bring some more guys through,” Masakadza said. last_img read more

BC-BBO–This Date in Baseball

first_imgMarch 291973 — Orange baseballs are used in an exhibition game by Oakland owner Charlie Finley. The A’s suffered 11-5 exhibition loss to Cleveland. George Hendrick of the Indians hit three home runs in the game.2000 — The Chicago Cubs open the major league season at the Tokyo Dome in Japan by defeating the New York Mets 5-3 in the first big league game ever played outside of North America.2015 — Belmont broke three NCAA Division I records and tied a fourth during a 20-run sixth inning in a 34-10 victory over UT Martin. The Bruins set the marks for most plate appearances (26), total bases (43) and RBIs (20) in an inning. Belmont homered seven times in the sixth to tie the record for most homers in an inning.2017 — New York Mets reliever Jeurys Familia was given a 15-game suspension under Major League Baseball’s domestic violence policy. BC-BBO–This Date in Baseball March 301966 — The Koufax-Drysdale holdout ended. The Los Angeles Dodgers announced the signings. Sandy Koufax got $120,000 and Don Drysdale $105,000, making them the highest paid teammates in history.1992 — The Chicago Cubs and Chicago White Sox made a trade. The Cubs sent outfielder George Bell to the White Sox for outfielder Sammy Sosa and pitcher Ken Patterson.2004 — The New York Yankees and Tampa Bay Devil Rays opened the season in Japan with Tampa Bay posting an 8-3 victory behind the pitching of Victor Zambrano and the hitting of Tino Martinez. Martinez had three hits including the 300th homer of his career.MORE,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Share This StoryFacebookTwitteremailPrintLinkedinRedditMarch 271973 — Minnesota pitcher Jim Perry became the first player to use the “10 and 5 rule” when he OK’d his own trade to the Detroit Tigers for minor league pitcher Dan Fife and cash.1986 — Major League Baseball’s Rules Committee voted to change the designated hitter rule for the World Series allowing a DH to be used in all games played in the American League home park. Since 1976 the DH had been used in all games in alternating years. March 26, 2020 March 281970 — Commissioner Bowie Kuhn announced the return of the All-Star selection to the fans.1977 — Lenny Randle of the Texas Rangers, angry about having been benched during spring training, attacked 50-year-old manager Frank Lucchesi and sent him to the hospital with a shattered cheekbone.1999 — Harold Baines singled in the tiebreaking run in the top of the 11th inning as the Baltimore Orioles beat the Cuban all-star team 3-2 in Havana. It was the first time in 40 years a major league team had played in Cuba.1991 — Methodist College beat Maryville 43-0 to set an NCAA record for runs in a game. The previous record of 42 had been set by King College in 1902. Methodist scored 15 runs in the first inning and Brandon Bridgers had seven of his team’s 34 hits. Associated Press last_img read more

Inaugural Summer Super Cup football continues tonight with double-header

first_imgTHE Divine Entertainment inaugural Summer Super Cup invitational football championship continues tonight with a double-header on what is the third playing night.Milerock, who on Wednesday lost to Botofago 2-1, will face Silver Shattas in a must-win situation in a Group D clash from 19.00hrs. .In the second game which is a Group C affair, Amelia’s Ward Panthers, who drew their opening encounter 1-1, are now hoping to secure a win as they face Blueberry Hill from 21.00hrs at the Mackenzie Sports Club (MSC) ground.Both matches are important as the 12-team, four-group format has only accommodation for the top clubs to advance for semi-final play .Thus it is important that Milerock assert themselves in this final Group D game in the round-robin format if they want to stand any chance of advancing.Shattas, on the other hand, are seeking a win that will make them stand a good chance when they then face Botofago, who would have started out on a winning note on Wednesday night, when they were led to that win through goals by Tyrese Davidson in the 8th minute and Jamal Haynes in the 15th minute of play. The consolation goal for Milerock was scored by Colwyn Davidson in the 74th minute.On Wednesday night also Haynes and Lewis Winners Connection and Capital FC played to a 1-1 draw in a Group C game. Cedric Hunte nailed in the first goal of the game in the 21st minute for Winners Connection, who could not hold that advantage, as in the 86th minute Capital FC pulled even through Emmanuel Atkins.Amelia’s Ward Panthers, playing in Group B where the other team, Net Rockers, are hopeful that they win tonight in their second game that will conclude their round-robin campaign. They and Net Rockers played to a 1-1 stalemate in their opening game.They now face Blueberry Hill who would also be looking to win against Panthers thereby strengthening their hopes of advancing with a win. (Joe Chapman)last_img read more

Warner shatters 28-year-old Australian record

first_imgIT may go slightly unnoticed in the wake of Australia’s unprecedented batting blitz in Mumbai, but David Warner smashed a 28-year-old Australian record during his breathtaking century yesterday.On his way to his 18th ODI hundred, Warner became the fourth-fastest man in history to score 5 000 one-day international runs, reaching the mark in just his 115th ODI innings.That puts him behind only Hashim Amla (101 innings), West Indian legend Sir Vivian Richards and Indian skipper Virat Kohli (both 114 innings) among males in one-day international cricket.Among Australians, Warner is streets ahead of the pack, reaching the milestone well ahead of Dean Jones, who broke through 5 000 runs in his 128th innings way back in 1992.Matthew Hayden (133 innings), Michael Bevan (135) and Ricky Ponting (137) are the only other Australians to reach the mark in less than 140 innings.Warner pushed on and finished unbeaten on 128 last night as he and Aaron Finch (110 n.o.) shared a record-breaking 258-run stand in a crushing 10-wicket win.Warner has spoken at length in the past about his early struggles in the 50-over format, despite making an instant impact in both Test and T20 cricket at international level.Up to and including Australia’s 2015 World Cup triumph, the left-hander averaged less than 35 with the bat in 62 matches, scoring just four hundreds in that time.But since that World Cup final, he has averaged almost 60 in 56 games, adding 13 more hundreds and striking at better than a run a ball.“I think first and foremost it’s probably been the format I reckon I struggled at early in my career,” he said in 2016.“The last 18-24 months I’ve really worked hard on trying to construct my innings and build an innings and not play too many big shots early on.“And just relay that Test match attitude into the one-dayers because you do get a few more balls in your area in one day stuff where you can actually play through that line.”Underlining his improvement in the past five years, Warner was the equal-56th fastest man to reach 1 000 career runs, equal-42nd fastest to 2 000 and the 20th fastest to 3 000.But having raced from 3 000 to 4 000 runs in just 12 innings during a golden period in 2016-17, he’s added another 1 000 runs in just 22 innings. (Cricket.com.au)Fewest innings to 5000 ODI runs101 – Hashim Amla (South Africa)114 – Viv Richards (West Indies)114 – Virat Kohli (India)115 – David Warner (Australia)116 – Joe Root (England)118 – Brian Lara (West Indies)118 – Shikhar Dhawan (India)119 – Kane Williamson (New Zealand)last_img read more

Falcons’ AWCON 2018 Budget Not Released Yet

first_imgNo money to clear kits at MMIA, pay allowancesFinal list of 21 players to defend title releasedDuro IkhazuagbeNigeria may be heading for another embarrassment at the 11th Women Africa Cup of Nations (AWCON 2018) finals scheduled to kick of in Ghana next week with the Super Falcons as defending champions.Two years ago in Cameroon, the Super Falcons as champions had to stage a demonstration over unpaid camp allowances and bonuses to draw attention to their plight. It took the intervention of President Muhammadu Buhari before the players and officials were paid all that they were entitled to. Super Falcons’ Head Coach, Thomas Dennerby, plotting a game-plan with his squad ahead of the AWCON 2018 in Ghana As at yesterday, THISDAY learnt from credible sources in Abuja that the Federal Ministry of Youth and Sports was yet to release the budget approved for the competition.As a result, Falcons’ kits for the competition starting in barely a week’s time have been stuck at the cargo section of Murtala Muhammed International Airport due to lack of funds to clear them.Nigeria Football Federation (NFF) top hierarchy is said to be going grey over how to raise funds to pay allowances and bonuses in order to avoid a repeat of two years ago.Earlier this week, the team was a sorry sight when departing for their eight-day final camping at world-renowned Sol Beni resort in Abidjan from where they will depart for Ghana on Wednesday, 14th November for the AWCON.Falcons were dressed in riotous attires that made them look like girls going on excursion rather than a national team. Some of the players even wore basketball jerseys bearing Los Angeles Lakers.The final list of 21 players named by Head Coach Thomas Dennerby included the usual suspects led by reigning Africa’s best female player, Asisat Oshoala, Desire Oparanozie, Rasheedat Ajibade and 17 others.They are expected to fly Nigeria’s flag in the competition with South Africa, Zambia and Kenya as other opponents in the Group B pairing. Hosts Ghana, Algeria, Mali and Cameroon will battle things out in Group A in Accra.The eight-time champions, will take on South Africa on November 18, before matches against Zambia and Kenya in Cape Coast.THE FINAL SQUADGoalkeepers: Tochukwu Oluehi (Rivers Angels); Christy Ohiaeriaku (Confluence Queens); Chiamaka Nnadozie (Rivers Angels)Defenders: Glory Ogbonna (Ibom Angels); Sarah Nnodim (Nasarawa Amazons); Ngozi Ebere (Barcelona FC, Cyprus); Faith Michael (Pitea IF, Sweden); Onome Ebi (Henan Huisanhang, China); Osinachi Ohale (Vaxjo DFF, Sweden); Josephine Chukwunonye (Asarum AIF, Sweden)Midfielders: Amarachi Okoronkwo (Nasarawa Amazons); Ngozi Okobi (Eskiltuna UTD, Sweden); Rita Chikwelu (Krstianstand DFF, Sweden); Halimat Ayinde (Asarum AIF, Sweden)Forwards: Anam Imo (Nasarawa Amazons); Rasheedat Ajibade (FC Robo Queens); Asisat Oshoala (Dalian Quanjian, China); Francisca Ordega (Washington Spirit, USA); Desire Oparanozie (En Avant Guingamp, France); Chinaza Uchendu (SC Braga, Portugal); Chinwendu Ihezuo (Biik Kazygurt, Kazakhstan)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Hard hat tour explores new USC Village

first_imgMaya Dondonyan | Daily TrojanThe University hosted a press tour of the USC Village on Wednesday afternoon led by William Marsh, director of construction.The USC Village is currently in phase one of construction, which is on schedule to be completed in Fall 2017. At the end of the first phase, six buildings will be completed, and the University will then have the option of whether or not it wants to embark on phase two, which would lead to the construction of three additional buildings.Before embarking on the tour, Marsh explained some of the unique challenges presented by such a massive undertaking. One of these challenges involved Building Nine — the largest building in the Village and the one that will host the vendors — and how having to drill space underground could have potentially been a catastrophe.“One of the challenges was that the shoring was so close to Hoover, and if you know about Hoover, there’s a 61-inch water main that feeds basically all of Los Angeles and runs all the way down the Long Beach, and we’re digging down and driving shoring and tie-backs underneath. So I was saying, ‘Please make sure we don’t puncture the 60-inch water main, or we’re going to shut down Los Angeles.’”Marsh said that one of the mistakes UCLA had made in its recent renovations was something that they took note of as well during the building process.“The water breakage over [at]UCLA happened about a month and a half before we started that excavation,” Marsh said. “So I was like, ‘USC doesn’t want to be on the news for taking out water mains.’”Maya Dondonyan | Daily TrojanDespite the unique challenges that the Village project has presented, Marsh said that strong management and injury prevention protocol has allowed the Village to move ahead of schedule.“Obviously we’ve been having this heat the last two months, so making sure water is available, making sure people are taking breaks, really paying a lot of attention to the crews [is critical]. And the testament is really what you’re seeing,” he said. “We’ve actually gained 17 days on Building Six and all of that is good management, keeping people healthy and having a good executed plan.”Even though most of the old University Village was torn down during construction, some of it is actually being reused by the University. Marsh went into detail about how the old fire station is being reused by the School of Cinematic Arts.“We’re actually removing the first third of the fire station,” he said. “There’s actually wheels on it right now, and in a few weekends, in the middle of the night we’re going to wheel it over to its new home.”The buildings that are currently the furthest along in construction are Building Four, a residential area for students; Building Six, the fitness center and Building Nine; the main building. When showing the press Building Four, the building that is the furthest along, Marsh went in greater detail about the plans USC Hospitality had to keep the Village occupied and vibrant throughout the calendar year.Maya Dondonyan | Daily Trojan“USC Hospitality wants to keep [the Village] 80 percent full even in the off-seasons and the summers because people are making transitions and it will be reduce rated to try to keep people active in the Village all year round,” Marsh said.Marsh finished the tour by showing the press a mock up of one of the dorms, saying that the Village dorms especially were holding true with University President C. L. Max Nikias’ initial vision for the village.“Max’s vision was for this to be a village in Italy. So all of the color schemes are based off of it being in a village in Italy.”Miles Woods, a sophomore majoring in creative writing, noted that it seemed like the University was making major progress.“I moved here onto campus like a year ago and the Village seemed pretty nonexistent when I moved in. Like, it was a big open space, but now there’s actual development. So it’s coming along pretty well, they’ve done a decent amount of work over the summer, and I didn’t know about it until now.”last_img read more