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Liverpool offices

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​Luxembourg reserve fund names managers for €500m global property push

first_imgOverall, the fund has a 8.5% strategic allocation to property, but currently falls far short of its 5% domestic target and at the end of 2014 only had €247m in Luxembourgish real estate.A project that will see it approach its 5% target, the ’Cité de la sécurité sociale’, is currently under development, and will see the construction of an office complex to house the domestic social security office. The fund decided last year to build up its global exposure through holdings in real estate funds to further diversify its portfolio and increase exposure to inflation-linked assets.To date, the portfolio, which returned 10.96% last year, has largely been split between fixed income – accounting for nearly 60% of assets – and equities (38.4%). Luxembourg’s €14.3bn pension reserve fund has hired two managers to oversee its €500m push into global real estate.The Fonds de Compensation commun au régime général de pension (FDC) announced its board of directors had settled on Aviva Investors and CBRE Global Investment Partners as its inaugural managers, after first tendering the vacancies in August.Each manager will be handed €250m for an unlisted global real estate mandate, part of FDC’s attempt to meet its 3.5% strategic allocation to property outside the Grand Duchy.In addition to appointing Aviva Investors and CBRE, UBS Asset Management has been appointed as standby manager, should either of the two managers seeded need to be replaced.last_img read more

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MarCy17: A Long Way Ahead for Shipping to Gain Cyber Maturity

first_imgThe shipping industry should take protective measures to be ‘cyber mature’, particularly as personal, confidential and operational information is at risk, it was concluded at a panel discussion held in the framework of the Maritime Cyprus 2017 conference in Limassol. As explained, shipping constitutes a target for cyber attacks since a lot of information and money is at stake.“Cybersecurity sustainable investments should be materialiased and the level of cyber maturity should be continuously reinforced as the cybersecurity issue needs to be a continuous improvement process,” it was highlighted at the panel.What is more, panelists pointed out that cyber risk is here to stay for both companies and ships but cyber risk management is possible and achievable.On novel ship design, it was mentioned that newly designed ships have additional and innovative equipment on board that makes them more efficient. This equipment will lead to decreased air emissions from such new ships. The role of the shipowners during the design stage and of the classification societies during the building stage of new ships was also discussed.With regard to digitalization, it was emphasized that the industry needs to be ready to embrace its benefits and prepare for the threats it poses such as cyber security. The importance of preparing employees and crews for future technologies through training was stressed.Autonomous ships will become a reality but we should not expect to see unmanned ships for many years to come since seafarers on board cannot be replaced by vulnerable digital systems, according to the panelists.Panelists included Steffen Gau, Marine Business Development New Construction of Lloyd’s Register Marine and Offshore covering the discussion on novel ship designs, Cynthia Hudson, CEO of HudsonAnalytix covering the discussion on cyber security, and George Ward, Project Support Manager of ECDIS talking about digitalization.last_img read more

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Durban Container Terminal Deepening Project on the Way

first_imgAddressing stakeholders at a business breakfast in Durban earlier today, representatives of Transnet National Ports Authority (TNPA) provided a project update on the forthcoming Durban Container Terminal (DCT) Pier 2’s North Quay deepening project.As Transnet reported, the deeper berths will enable the Port of Durban to accommodate newer generation container vessels by 2023.The company’s Chief Capital Officer, Krishna Reddy, said that the R7 billion mega project would help to sustain the existing container operations at the Port of Durban, specifically DCT Berths 203 to 205.The contract for the multi-billion-rand Main Marine Construction Works package has been awarded to CMI Emtateni Joint Venture.According to Transnet, the marine infrastructure work will be executed in three successive phases – commencing with work on berth 205, followed by berth 204 and ending with berth 203. This staggered approach will ensure that the terminal is able to accommodate two vessels at any time between berths 203 to 205, even while one berth is decommissioned.The company also added that a new quay wall will be constructed 50m seawards of the existing quay wall, along Berths 203 to 205, which will provide sufficient water depth to safely accommodate larger Post Panamax vessels.The existing quay wall will be deepened from -12.8m to -16.5m Chart Datum Port (CDP) and lengthened from 914m to approximately 1 210m which will allow for the simultaneous berthing of three 350m long Post Panamax Vessels. These berths have been operating beyond their original water depth design specifications.last_img read more

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141 Speedway hosts history-making $10,000 to win Clash at the Creek for IMCA Modifieds June 20-21

first_imgFRANCIS CREEK, Wis. – A $10,000 top check is at stake when IMCA Modifieds travel to 141 Speedway for the history-making June 20 and 21 Clash at the Creek.The Clash doubles as the second installment of the Arnold Motor Supply Dirt Knights Tour and pays a minimum of $750 to start in the tour’s first-ever venture outside the State of Iowa.Ken Schrader joins the Modified field for the Fast Shafts All-Star Invitational ballot qualifier.IMCA Sunoco Stock Cars and Karl Chevrolet Northern SportMods race for $1,000 to win both nights at Francis Creek. IMCA Speedway Motors Weekly Racing National, Side Biter Chassis North Central Region and EQ Cylinder Heads Northern Region, and Wisconsin State points will be awarded.Pre-tech starts at noon and an open practice session runs from 6-9 p.m. on Tues­day, June 19. Dirt Kings Late Models are in town, pit passes are $25 and admission to the grandstand is $10 for adults.Clash qualifying for the Modifieds starts Wednesday, June 20.Pit gates open at 2 p.m. and racing starts at 6 p.m. Wednesday and Thursday. Wednesday grand­stand admission is $15 for adults and $10 for seniors and students; on Thursday, admission is $20 for adults and $15 for seniors and students. Kids 10 and under accompa­nying a paid adult get in free and pit passes are $30 each day. Three-day pit passes are $75.Entry fee for Modifieds is now $250 or $300 on race day.More infor­mation about the Clash at the Creek is available by calling 920 360-5925 and at the track website, www.141speedway.com.The Clash at the Creek will be broadcast by IMCA.TV.last_img read more

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Positive COVID-19 case at Lawrenceburg hospital

first_imgLAWRENCEBURG, Ind. – Highpoint Health has confirmed a patient tested positive for the novel coronavirus.  The hospital will not provide additional patient details in order to protect patient privacy.“Highpoint Health is taking every necessary precaution to keep our patients and community safe,” said Michael Schwebler, President/CEO of Highpoint Health. “We are here for the community but need everyone’s help and support as we work through this together. Please stay at home, practice social distancing, wash your hands, and cover your cough. I know you’ve heard all of this many times before, but following these guidelines are our best defense against COVID-19.” Those who have questions about the virus are encouraged to call Highpoint Health’s dedicated line, (812) 537-8210, which is staffed by highly-trained medical professionals.last_img read more

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Silva wins first gold for host country Brazil

first_imgRIO DE JANEIRO, Brazil – Brazilians celebrated in the stands after Rafaela Silva won gold in women’s judo at the Rio Games on Monday, claiming the first Olympic gold medal for the host country and capping a journey to the podium that began in one of the city’s most notorious slums.Silva raised her arms in triumph as she overcame top seed Sumiya Dorjsuren of Mongolia, following a pulsating semifinals victory that went into extra time against London silver medallist Corina Caprioriu of Romania.Gold for Silva marks a fairytale ascent to the Olympic podium from a childhood in Rio’s Cidade de Deus favela, made famous in the film ‘City of God’.Following early years of trouble that saw her getting into fights in the neighbourhood, Silva found structure to her life through judo and went on to attend the Instituto Reacao, founded by Olympic bronze medallist Flavio Canto.“The fans have always encouraged me, especially the kids from my own community in the City of God,” Silva told reporters following her victory.“If I can set an example for the kids in the City of God, if they can believe in their dreams and find their dreams through sport, then do it. I hope to be an example for them and I think I can be.”Silva’s medal, in the U-57kg weight class, was also Brazil’s first in judo at Rio after strong contenders from their team were eliminated in the first two days of action.Brazil are placing high hopes on their judo team to boost their medal haul in Rio after they took home four in the sport at the 2012 London Games.“Of course we would have liked to have won more medals but out there on the mat, everybody who goes out there is a worthy contestant and we hope that my medal will be adored and will open the way for Brazil to win more medals,” Silva said.The Carioca Arena 2 was rocking on Monday as her supporters went into frenzy each time she took the tatami, stomping their feet and chanting ‘Rafa’ as she tossed aside one competitor after another.At the winners’ ceremony, she earned a huge roar of approval as she held up her medal for the crowd before bursting into tears as the Brazilian national anthem was played.“It’s amazing. We’re a country that’s had some problems. So it makes us so happy to see our flag up high,” said Gustavo Lima, a 42-year-old IT worker who was posing for a photo with his young son and cousin.The women’s U-57kg was among the toughest judo categories at Rio, featuring all four medal winners from the London Games, and there were several notable upsets.Japan’s Kaori Matsumoto, world champion and London gold medallist, was stunned in the semi-finals and went on to settle for bronze.last_img read more

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Toure apologises to Man City for ‘misunderstandings’

first_img(REUTERS)-Midfielder Yaya Toure has apologised to Manchester City for “misunderstandings” that resulted in him being frozen out of manager Pep Guardiola’s team, but his agent Dimitri Seluk ruled out a similar move on his part.“I’m not apologising,” Seluk told talkSPORT on Friday. “Apologise for what?“Maybe Toure has apologised for this, but I don’t know for what. I think Yaya doesn’t mean this. He wants peace between him and Guardiola,” added the Ukrainian.Guardiola has refused to pick the 33-year-old Ivory Coast player until he receives an apology from Seluk, who criticised the manager’s decision to leave Toure out of City’s Champions League squad.“I wish to apologise – on behalf of myself and those who represent me – to the management team and all those working at the club for the misunderstandings from the past,” Toure, four-times African Footballer of the Year, said in a statement.City have not missed the Ivorian, with the club leading the Premier League on goal difference and beating Barcelona on Tuesday in the Champions League group stages.They play Middlesbrough at home today..“Those statements do not represent my views on the club or the people who work there. I have nothing but respect for Manchester City and only wish the best for the football club.“I am immensely proud to have played a part in the club’s history and want to help City succeed further. I live to play football and entertain the fans.”Toure was a mainstay of City’s midfield since joining from Guardiola’s Barcelona in 2010 but has played just once this season, the second leg of a Champions League playoff tie against Steaua Bucharest when City had a 5-0 lead from the first game.Guardiola acknowledged Toure’s apology but indicated the player could not expect a speedy recall and was likely to remain on the fringe.“I spoke with Yaya this morning. It was private and of course I read what he wrote and that’s all. Of course, it’s good news for Manchester City, that’s the most important thing and for Yaya as well,” said the Spaniard.“Yaya is in our meetings and our training sessions. You know the situation, nothing changed.”last_img read more

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Student Health hires new sexual assault prevention specialist

first_imgA 2015 survey by the Association of American Universities found 66 percent of females and 45 percent of males at USC experienced sexual harassment as an undergraduate. (Daily Trojan file photo) A 2015 survey by the Association of American Universities found that 66 percent of undergraduate females and 45 percent of undergraduate males at USC reported being the victims of sexual harassment. It was also found that an estimated 25 percent of students  knew the resources available to them when reporting an assault. USC also hopes to increase bystander awareness and education by working with the organization Bringing in the Bystander. To start, 40 teachers and students will be trained on how to safely intervene in instances of sexual assault and relationship violence or situations such as stalking. Once trained, these students and teachers are certified to train other members on campus. “I think, for RSVP, what I wanted to do was raise our visibility on campus as a resource for both supportive services and advocacy, as well as prevention,” RSVP director Brenda Ingram said. “We haven’t had as strong as a voice on campus as we would like.”   Incoming freshmen will participate in the interactive workshop on campus in the upcoming semesters. Student Health Services hired a Relationship and Sexual Violence Prevention specialist, who will arrive in late February to create a curriculum for students on affirmative consent, bystander awareness and other topics related to sexual violence and assault. RSVP Services is the immediate provider for students who have been victims of sexual assault, harassment or relationship violence. “What we want to be able to do with the prevention specialist is [to] add capacity in this area and also to have someone who is really focusing their entire position on really looking at prevention,” Chief Health Officer Sarah Van Orman said. “[We] are in the process of developing what we are calling multiple doses of consent and healthy relationships and sexual assault prevention education,” said Diane Medsker, a senior learning and training specialist at the Office for Health Promotion Strategy. center_img The University will pilot a workshop this fall titled “Affirmative Consent” that will teach students about current California consent laws. While the pilot program won’t be made mandatory for students, Ingram hopes to require it in addition to “Think About It” in upcoming years. “I really encourage everybody to … take the survey,” Van Orman said. “The information is really valuable and will really shape what we do on our campus.” While USC plans to keep the online module, it is looking to implement in-person training for incoming students that will continue throughout their time in college. “It’s so easy to go into shock [as a bystander] and not be able to acknowledge what is happening right in front of you,” said Lizzie Keller, a sophomore majoring in cinema and media studies who uses RSVP services. “I think putting people in that mindset of being careful and paying attention to your surroundings would be really helpful.” USC is working toward fostering a culture of consent by boosting sexual assault prevention techniques and education on campus. This is one of the goals in its 2017-2020 Strategic Plan. The Association of American Universities will conduct its study on sexual assault and sexual misconduct again in April 2019. Students at USC and 26 other universities will receive information to participate via email.   In 2014, USC launched an online module required for incoming students, titled “Think About It.”  The one-hour online course encourages students to participate in critical thinking about consent, relationships, sexual assault, bystander intervention and University resources by producing  multiple online scenarios for students. last_img read more

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Syracuse students were on Super Bowl Radio Row for 1st time

first_imgJonah Karp hated when he missed “Loud Mouths.”Growing up, he rushed to get his homework done before 5:30 p.m. everyday, so he could watch “Loud Mouths” and Adam Schein on SNY, a sports-talk show. He would tape it if he missed it.Tuesday morning, Karp not only met Schein, but interviewed him.“I led off my interviewing basically fanboying over him,” Karp, a junior at Syracuse University, said.For the first time, current-Syracuse students are represented at the Super Bowl Radio Row. Karp, Jackson Ajello and Drew Carter air live twice per day on Z89, gather clips for Citrus TV segments and sound bites for WAER, Syracuse’s student-run radio, television and National Public Radio stations, respectively. What started as an insult to Karp in Dennis Deninger’s Super Bowl class last year turned into a new opportunity for Syracuse students. The three, along with Deninger, are in Atlanta at one of media’s largest stages, spending six days immersed in the week leading up to the Super Bowl.AdvertisementThis is placeholder text“You see it all the time on TV, and you’re like ‘That’s insane,’’ Ajello said. “But until you’re there, you don’t get a full grasp of what a madhouse it is.”From left to right, Jackson Ajello, Drew Carter and Jonah Karp pose for a picture at Super Bowl radio row.Courtesy of Dennis DeningerTheir first taste of the media frenzy came during Super Bowl Opening Night on Jan. 28, when at least two thousand media members joined the SU crew on the floor of State Farm Arena and 10,000 spectators filed into the stands.The week after the Super Bowl last year, Karp sat in Deninger’s Super Bowl class, where they broke down components of the Philadelphia Eagles vs. New England Patriots event. The last slide of Deninger’s presentation, a “parting thought,” as Karp said, showed three sophomores from St. Bonaventure at the Super Bowl. And Karp recognized one.It was Joe Ceraulo, one of Karp’s friends from Syosset (New York) High School. There, they ran a sports talk show together, and went to separate communications schools after graduation. Ceraulo was a leading part of St. Bonaventure’s project to send down students to the Super Bowl.“The fact that it was recognized by my professor, in class, in front of everyone, that kind of kicked my butt a little bit,” Karp said. “It lit a fire under my butt, I was a little jealous.”Deninger’s message was clear: If St. Bonaventure can go, why can’t Syracuse?Carter (left) and Karp (far right) converse with Ed Werder, who will be reporting at the Super Bowl for Westwood One Courtesy of Dennis DeningerImmediately after class, Karp walked up to Deninger and said that he wanted to go. If Karp could get a group together, Deninger was on board.Karp spent the ensuing months making that a reality. Before this week, the most famous media figure he met was Kevin Burkhardt, a former field reporter for New York Mets telecasts. Karp went to Newhouse events where individuals like Bob Costas and Mike Tirico spoke, but that doesn’t compare to Atlanta.“It was just wild,” Karp said. “Aside from the fact that we were rubbing shoulders with the people we watch on TV, it’s just being there.”Funding was an issue during the entire process. When planning for the trip first began, Karp wanted just Z89 to broadcast from Atlanta, not only because it would take Z89 out of WAER’s “shadows,” but also since Z89 provided more flexibility on-air. However, the station had just submitted its budget the week before. So Karp went to WAER, and its budget was set too. Karp was able to use WAER’s name on the media credentials, but received no funding. Along the way, though, Ajello, the sports talk director at WAER, teamed up with Karp.“This is what Syracuse, what Newhouse, does best,” Ajello said. “Better than everyone.”Courtesy of Dennis DeningerStill in search of funds, the two went to Citrus TV. They didn’t receive money, but could use the station’s camera equipment. There, the senior Carter joined their group.Rachel Vassel, a SU alum living in Atlanta, offered her house for the week. Her invitation saved the group thousands of dollars, Karp said. The four ended up paying for plane tickets out of pocket, but Karp hopes they end up getting reimbursed.This week, the SU group interviewed Scott Hansen and Andrew Siciliano from the NFL RedZone Channels. They spoke with Akbar Gbaja-Biamila from American Ninja Warrior, Reggie White’s son Jeremy on promoting mental health in the NFL, and Jermichael Finley, a former Green Bay Packers tight end, among others. On Media Night, the more prominent players who graced the podium on weren’t likely interviewees, so they walked the floor. When they leave Atlanta on Saturday, they’ll have left perhaps having started a legacy for SU students.“As much as we could plan ahead,” Karp said on Tuesday, “and figure out what events were going on, we tried our best. And so far, it’s been incredible.” Comments Facebook Twitter Google+center_img Published on February 2, 2019 at 11:15 am Contact Andrew: arcrane@syr.edu | @CraneAndrewlast_img read more

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