Dutch €1bn Ballast Nedam pension fund divests property, high yield

first_imgThe €1bn Dutch pension fund of construction company Ballast Nedam has simplified its investment portfolio by divesting its direct property, emerging market debt and high yield holdings.In its annual report for 2016, it said the adjustment had increased liquidity in its portfolio and had made its investment policy more flexible as a result. The pension fund said it had reinvested the divestment proceeds across the remaining asset classes it invested in.It pointed out that its 2.7% stake in residential and retail property was too small to have enough of a real impact on its overall result, despite returns of 14.2% and 3%, respectively, last year. It also cited insufficient scale of its holdings of actively managed emerging market government bonds and high yield bonds as an issue. The holdings were 5% of its portfolio, and had gained 9% and 2.2%, respectively.Both asset classes had underperformed during the past five years, it noted.By replacing emerging market and high yield debt with investment grade credit, asset management costs had dropped from 0.6% to 0.1%, the pension fund said. According to its board, the adjustment to its portfolio had hardly affected returns or its legally required funding. Raising the risk profile of its investments would not be sensible, because of the pension fund’s relatively low coverage ratio, it said. This stood at 100.9% in March 2017. The company scheme, which has 710 active participants, 3,830 deferred members and 2,285 pensioners, posted an overall net return of 10.8% on investments.Its equity holdings (41.3%) gained 11.3%, while fixed income (58.6%) delivered a 8.3% return.It attributed two percentage points of its total result to the 55% hedge of the interest risk on its liabilities.In contrast, it lost 0.8 of a percentage point on its full cover of sterling, the dollar and the yen.The board indicated that it had not yet made a decision about the destination of the existing pension rights, which had remained in the pension fund since pensions accrual was last year transferred to the schemes for the building sector (BpfBOUW) and concrete industry (BpfBeton).In its latest newsletter, it indicated that a transfer to BpfBouw was not on for the time being, because it would mean a significant rights discount. As at the end of March, BpfBouw’s funding stood at 107.8%.The Ballast Nedam pension fund’s board also said that negotiations about joining one of the new general pension funds (APF) had not yielded results either, citing costs and continuity as obstacles.The pension fund’s accountibility body has indicated that it preferred continuing the current scheme.last_img read more

Air Jamaica pulls out of Miami

first_img 42 Views   no discussions WESTERN BUREAU:Less than two months after returning to Miami, Florida, Air Jamaica is pulling out of that gateway again.Today is the airline’s last day in that North American city.Efforts to book seats from Norman Manley International to the Miami International Airport (MIA), last night proved futile, with availability up to the 31st of January.The airline returned to the busy airport on December 9 last year, almost three years after cutting the route.It is not clear what has forced the hands of the former national carrier so soon after its return. However, in early December its parent company, Caribbean Airlines, aggressively tried to woo passengers with introductory rates as low as US$79 one-way plus taxes.But at least one of the major travel agencies on the island confirmed that the loads were extremely light, and that affected the airline badly.“They were fortunate if they had 35 or 45 people on board daily,” said an agent from the companyHe said the flight times were unsustainable.“I never even tried to sell that flight because it just wasn’t attractive enough. They needed an early morning and late evening return to cut it.”On its return, the airline had announced four weekly flights with plans to increase the frequency to a daily schedule come February.It is not uncommon for the airline to drop major United States cities from its roster, having chopped locations like Atlanta, Los Angeles, Chicago and Baltimore from its route in the past.The only US cities now served by the airline are Orlando, Fort Lauderdale, New York and PhiladelphiaJanet SilveraJamaica Gleaner Share Share LifestyleTravel Air Jamaica pulls out of Miami by: – January 31, 2012center_img Tweet Sharing is caring! Sharelast_img read more

East Central Football Booster Meeting Rescheduled

first_imgThe East Central Trojans Football Booster Meeting has been rescheduled for Wednesday, October 9th starting at 6 PM.Submitted  by The East Central Football Boosters Club.last_img

I-74 Bridge Work Begins In Dearborn Co. This Week

first_imgDEARBORN COUNTY – Drivers will be forced down to one lane at select bridges on Interstate 74 in Dearborn County while crews repair pavement and deck overlays.The work is slated to begin later this week and is dependent on the weather.Nine I-74 bridges at five locations will be rehabilitated between the Indiana-Ohio state line and a structure site west of St. Leon.Johnson Fork and Johnson Fork Road—I-74 eastbound and westbound bridges—1.23 miles east of U.S. Highway 52White’s Hill Road—I-74 eastbound and westbound bridges—1.23 miles west of U.S. 52U.S. 52 and the Indiana & Ohio Railroad—I-74 eastbound and westbound bridges—5.44 miles east of S.R. 1East Fork of Tanners Creek and an adjacent Dearborn County road—I-74 eastbound and westbound bridges—2.07 miles west of S.R. 46the I-74 ramp and bridge over the Indiana & Ohio Railroad—5.32 miles east of S.R. 1RAM Construction Services, the state’s contractor, plans to begin operations late in the week—weather permitting—for this $563,481 INDOT Seymour District bridge preservation project.INDOT officials anticipate bridge overlays with lane restrictions will continue through October.Motorists will be alerted to single-lane work sites by message signs and arrow boards.last_img read more

Marvin J. Cozart

first_imgMarvin J. Cozart, age 74 of Batesville, died Wednesday, August 30, 2017 at Manderley Heath Care Center in Osgood.  Born May 7, 1943 in Fortville, Indiana, he is the son of Barbara (Nee: Rapp) and Harry Cozart.  He served in the Navy during the Vietnam war and would work as press operator at Batesville Casket Company until retiring.  He married Sharon Peters July 27, 1974 in Oldenburg, Indiana and was a former member of the Batesville Fire Department, Batesville Rescue 10, Prell-Bland American Legion Post #271 and the Batesville V.F.W. Post #3183, where he was also was a past commander.Marvin was proud of his service, spending six years in the Navy aboard the USS Yorktown.  He was also an avid race fan.  He followed NASCAR and for over 35 years attended the Indianapolis 500 which isn’t surprising considering his family’s ties to the sport.  In the old days, the 500 drivers would stay at homes of local residents.  Marvin’s family would open their house to the drivers when they were in during the month of May and even had an uncle who worked on the track’s safety crew for many years.Other interests included the Cincinnati Reds, I.U. basketball, watching the History and Discovery cable T.V. channels as well as Oldies music.  Apparently he liked annoying the grandchildren by blasting Cincinnati’s oldies station as loud as he could, knowing it would get a rise out of them.He is survived by his wife Sharon; daughters Tracy (Paul) Hodges of Batesville, Gina Harpring of Greensburg, Marilyn (Gary) Dusang of New Castle, Indiana; sons Jay Harpring of Indianapolis, Charlie (Jackie) Cozart of Batesville; sisters Margaret Rentch (his twin) of Seymour, Indiana, Diana Lynn Pruitt of Scottsburg, Indiana; brother Dennis Cozart of Fortville, Indiana; ten grandchildren and seven great grandchildren.  He is preceded in death by his parents.Visitation is Saturday, September 2nd, from 9 – 11 a.m. at the funeral home.  Funeral services follow at 11 a.m. and burial will be in St. Louis Cemetery with military graveside rites conducted by the Prell-Bland American Legion and the Batesville V.F.W.  The family requests memorials to the Indiana Patriot Guard or the Batesville Fire Department.last_img read more

Eagles Host 4-Way Track Meet

first_imgJac-Cen-Del hosted a Varsity Track meet with SW Hanover, Switzerland County, and Trinity Lutheran.Final Results.  Men:  SWH 84, JCD 52, SWC 49, TL 44.Ladies:  SWC 80, JCD 59.5, SWH 56, TL 37.5.Top JCD Performers.  High Hurdles: Christian Comer 3rd 19.7 ; Kara Merkel 3rd 19.7; 100D  Adrian Peetz 4th 12.1; Lauryn Dilk 5th 15.0; 1600M Damon Hughes 3rd 5:17, Nathan Laswell 5th 5:42, Elyse Hunger 2nd 6:30; 400D;                 Katelyn Sizemore 4th 1:18; 300H Kara Merkel 3rd 1:08; 800R  Damion Hughes 2nd 2:21, Dillon Hughes 3rd 2:56, Lauryn Dilk 4th 3:04; 200D  Adrian Peetz 4th 24.7, Shaylee Volz 5th 32.8; 3200 Nathan Laswell 3rd 12.21, Elyse Hunger 1st 14.16, Katie Minch 3rd 15:30; Disc Dylan Parcell 2nd 122’0, Micheal Schmitt 3rd 119’5 Shaylee Volz 1st 92’3, Elizabeth Newhart 5th 73;  Shot Micheal Schmitt 2nd 39’5, Shaylee Volz 3rd 27’10, Elizabeth Newhart 4th 27’2; Long  Adrian Peetz 2nd 17’8, Garrett Boor 3rd 17’7, Lauryn Dilk 3rd 12’5.5.High Jump Garret Boor 1st 5’10, Christian Comer2nd 5’8, Blake Simon 4th 5’4, Taylor Wilhoit 2nd 4’7, Dillan Hughes 4th 4’6,5th Katie Minch 4’2.Courtesy of Eagles Coach Larry Hammond.last_img read more

Arsenal beat Liverpool on penalties to lift FA Community Shield

first_imgRelatedPosts Lampard: I still have confidence in Tomori Runarsson joins Arsenal on four-year deal Arsenal, Wolves want Michael Olise Arsenal beat Liverpool 5-4 on penalties on Saturday to lift the Community Shield, the curtain-raiser for the English domestic season, after the two sides played out a 1-1 draw on a chilly afternoon at Wembley.Gunners captain and match goal-scorer Pierre-Emerick Aubameyang blasted home the final penalty of the afternoon to complete the north London side’s second win over the league champions in the space of six weeks following a shortened summer break. “We are improving. There is still work to do but I’m really happy and it’s an exciting time to be an Arsenal player,” Aubameyang told BT Sport after the match.It was the Gunners’ second trophy within a month following the side’s FA Cup final win over Chelsea on August 1.The game was a very even and at times rather slow affair, with Liverpool’s Virgil Van Dijk having an early strike ruled out offside before Arsenal’s opener, a well-worked move to break out of the champions’ high press.Bukayo Saka took the ball up the field on the right, crossed all the way over to Aubameyang on the far left, and the Gabon striker skipped forward and curled an inch-perfect shot beyond the reach of Liverpool keeper Alisson into the opposite corner.The Liverpool attack appeared disjointed by contrast. While they pushed Arsenal right back up the field for long stretches in the first half, they were unable to put together a single shot on goal.Liverpool’s Japanese substitute Takumi Minamino levelled the tie in the 73rd minute with a shot from close range, picking up his first goal in 15 appearances since arriving on Merseyside in January.Mohamed Salah, Fabinho, Minamino and substitute Curtis Jones all scored for Liverpool in the shootout, but substitute Rhian Brewster blasted his shot – his first touch of the ball – onto the bar.Reiss Nelson, Ainsley Maitland-Niles, Cedric Soares and David Luiz all scored for the Gunners before Aubameyang stroked his shot past Alisson to seal the victory for the Londoners.When asked about whether he will renew his contract with Arsenal, Aubameyang – their leading scorer for the last two seasons – remained enigmatic: “We’re going to see in these days. Today, we take the trophy, that’s it.” Reuters/NAN.Tags: ArsenalFA Community ShieldLiverpoolPierre-Emerick Aubameyanglast_img read more

WBB : SU’s upset bid against Hoyas falls short as defense can’t contain Rodgers in final minutes

first_imgSugar Rodgers held the ball on the left wing and watched as the clock dipped under 45 seconds. Then she made her move.The Georgetown guard sliced into the lane and elevated, drawing the foul on Syracuse guard Phylesha Bullard as her floater in the lane hit squarely off the backboard and rattled through the basket.‘We were just running a play. I took it in my own hands, take it to the basket and make the layup and got the and-one,’ Rodgers said. ‘… I just saw the opening, took her one-on-one and made the and-one.’Rodgers nailed the subsequent free throw to give the Hoyas their first lead since the 13:56 mark of the second half. No. 15 Georgetown (22-6, 11-4 Big East) never relinquished the lead and the Syracuse  (17-12, 6-9) fell to the Hoyas 65-62 in front of 1,579 in the Carrier Dome Saturday. Rodgers, the Big East’s leading scorer, single-handedly shredded the Orange defense down the stretch, willing the Hoyas back from an eight-point deficit late in the game to earn the victory.AdvertisementThis is placeholder textAfter Rodgers’ three-point play, Rachel Coffey took a contested 3 from the right corner that bounced high off the backboard and was corralled by Rodgers along the left baseline. The Hoyas added two free throws and Carmen Tyson-Thomas missed badly on a 3-pointer from the right wing with four seconds remaining to seal the loss.‘I wish I could say a whole lot, but I can’t,’ SU head coach Quentin Hillsman said. ‘I thought we played extremely well today and we lost the game.’While SU crumbled under pressure in the closing minutes, Rodgers thrived. With Georgetown trailing by three with under three minutes to go, she launched a 23-foot 3-pointer from the left wing that plunged through the net to tie the game at 58.She added two free throws on the Hoyas’ next possession and after SU forward Iasia Hemingway converted on a putback off a missed 3 by Coffey, Rodgers put Georgetown on top for good.‘She made a long 3 when we’re draped all over her and she’s going to the basket, jumping off the wrong foot and makes the shot,’ Hillsman said. ‘There’s not a whole lot you can really say about her. She’s a great player and she made two huge plays and won the game for them.’Hillsman used a man-to-man defense all game in an attempt to stop Rodgers. And the Orange defense contained her in the first half.Rodgers shot just 1-of-8 from the field and 0-of-5 from beyond the arc.While the Hoyas’ best player struggled, Hemingway led all scorers at halftime with 10 points and Coffey added nine to give Syracuse a 32-27 lead at the break.‘Defensively, we just found (Rodgers) in transition and Coach wanted us to get her early,’ Coffey said, ‘so wherever she was we were out on her.’But in the second half, the SU offense floundered. The Orange turned the ball over 11 times and the Hoyas capitalized, scoring seven points off those turnovers.Still, Syracuse managed to hang around. Hemingway fueled a 7-0 run midway through the second half, contributing four points during that stretch, to push SU’s lead to 54-46 with under nine minutes remaining.But then Rodgers found her shooting stroke. She shot 5-of-8 from the field in the second half, contributing 15 of her game-high 21 points in the final stanza.And as Rodgers got hot, the Syracuse lead slowly dwindled.‘Sugar Rodgers needed to make a late run because she was playing pretty bad,’ Georgetown head coach Terri Williams-Flournoy said. ‘She has to understand that when her shot’s not falling that she can’t stop doing other things. She can’t stop playing defense, she can’t stop rebounding and her shot is only a certain percentage of her game.’But her scoring ability is what ultimately doomed the Orange. Rodgers came up with big play after big play down the stretch.It started with a 15-footer to close the gap to 56-53 with six minutes remaining and ended with the three-point play to finish off her stellar performance.In the tense moments, Rodgers closed out the game.‘She just made a play,’ Williams Flournoy said, ‘and that’s what big-time players do.’adtredin@syr.edu Comments Published on February 25, 2012 at 12:00 pmcenter_img Facebook Twitter Google+last_img read more

Bryce Holmgren’s struggles continue as her SU career nears an end

first_img Facebook Twitter Google+ Right from the opening inning, Bryce Holmgren was on the move.She spent most of the first few innings running all around right field as Florida State hit multiple balls down the line.Holmgren made a play in the second inning over in foul territory, racing to the corner to snag the ball and record the first out. Later, she tracked back to the wall to chase down a hit over her head, only for the ball to roll by her after it took an awkward bounce off the wall. Holmgren sprinted forward to try to limit the damage and threw the ball into the infield.Holmgren’s third and final season at Syracuse hasn’t been her best, but she hasn’t changed her approach. On Saturday, Syracuse (21-30, 8-15 Atlantic Coast) gave up seven runs in the fifth inning to lose to No. 5 Florida State (47-8, 18-5) 9-1 in five innings. Holmgren, the Orange’s best hitter entering this season, didn’t record a hit, and her batting average is the lowest of her three seasons for SU. The Orange were blown out again on Saturday, and SU’s offense has been non-existent.“Bryce is a great hitter, this game is this game, and it’s hard sometimes,” Syracuse head coach Shannon Doepking said. “Unfortunately, it’s her senior season, and I would have loved to see her go out on a high note, but Bryce’s value is in more than the statistics…We’ve thrown so much at her, and she’s taken it and ran with it.”AdvertisementThis is placeholder textHolmgren was voted team captain to begin the season, and she’s been a mainstay for the Orange her entire career. As the Syracuse lineup has had multiple players in and out, missing games due to injury, Holmgren is one of just three SU players to play in every single game. Her senior season hasn’t lived up to the expectations she set in her junior year, though. As a junior, Holmgren hit .413 with a 1.049 OPS, both team-highs. She hit in the middle of the SU lineup the entire season, starting all 50 games.In 2019, Holmgren’s spot in the middle of the order hasn’t been secure. Her numbers are down, as she’s hitting .252 with a .733 OPS. She hasn’t been as successful, but Doepking said she’s still having good at-bats, and Holmgren tries to ignore box scores.“Stats are really a mind game,” Holmgren said. “And especially in a sport that’s so resounding with failure. Each at-bat is very specific, very individual.”On Friday, Holmgren hit two hard ground balls off of FSU ace Meghan King, one ground out and one single. She had more experience facing King than the rest of the SU lineup, and knew she had to be aggressive. Holmgren swung at the first pitch both times, making solid contact. Her single broke up King’s no-hitter.“I thought she had competitive at-bats yesterday,” Doepking said on Saturday. “She’s one of one on this team who did, if we’re being honest.”And on Saturday, Doepking moved her up to the three slot in the lineup to reward her aggressive approach. Doepking said Holmgren was the only hitter who competed against King, one of the top pitchers in the nation. But Holmgren failed to register a hit on Saturday, rolling over on two pitches and grounding out in both of her at-bats.After the third inning, Alicia Hansen ran out to her position in center field, and noticed that Lailoni Mayfield and Holmgren switched on either side of her. Mayfield covers more ground in the outfield. Not only was her position in the lineup changed, but her position in the field was, too.Doepking originally moved Holmgren down in the lineup in an attempt to help her see better pitches. The middle of the lineup hitters typically see fewer quality pitches to hit, Doepking said, resulting in fewer chances to break out of the slump.“I haven’t actually been too worried about it,” Holmgren said. “It’s the ability to simplify the game and realize your position in the lineup is only for the first inning.”When Holmgren decided to transfer to Syracuse after her freshman year at Western Kentucky, she understood that her parents wouldn’t be able to make every game. But her parents have driven from Iowa to Skytop Stadium for every weekend home game, her father Kyle said.After Saturday’s game, Kyle kissed his daughter on the side of her forehead, and Holmgren smiled as she walked away from the dugout toward the rest of her family. As Holmgren strolled toward the parking lot with her mom, dad, uncle, aunt and grandmother, she turned around repeatedly, smiling ear-to-ear at her family, especially her two parents, that had traveled 15 hours each weekend for three years to be at every home game.The Holmgren family will be at Skytop Stadium one final time Sunday, and Kyle will be in Tallahassee, Florida for the ACC tournament on Wednesday. He’ll board a plane back to Iowa just a few hours after their opening round game.Kyle said: “I just realized that the window is really, really small.”The window is closing, but it’s not closed yet. Comments Published on May 4, 2019 at 6:38 pm Contact Anthony: amdabbun@syr.edulast_img read more

NFF Confirms Keshi Stadium for Seychelles, Egypt Matches

first_img“We have reached the final phase of discussion and all seem to be done deal as the Asaba stadium will stage the matches all things been equal,” the top official who did not want to be named confirmed yesterday evening.The final group stage match against Seychelles is inconsequential as the Super Eagles had already qualified and topped the AFCON 2019 group. Another decent football source revealed that the main reason why Delta State negotiated to stage both matches was primarily because of the attraction of having the six-time African champions Egypt in Asaba.The international match against Egypt will attract top players like Mohammed Salah of Liverpool FC, Mohammed El-Shenawy and Ahmed Hegazi.The Governor Ifeanyi Okowa administration is said to be passionate about sports tourism and a visit of the top English Premiership star will be a big boost to Asaba and neighboring towns within the state.“When Asaba hosted the African Athletic Championships, cynics lampooned the governor for the huge amount spent to stage the five-day event that was engulfed by many flaws but the presence of top athletes in the continent at the event boosted tourism not only in Asaba but Delta State as a whole,” the top official explained.But should NFF go ahead with its plans for the matches, it will be against the thoughts of the team’s Head Coach, Gernot Rohr, who has over times complained about the state of the pitch and location of the dressing room during last month’s ‘Round Table Session’ with senior sports journalists in Lagos.“Asaba fans are very friendly and passionate about the team but the pitch was very difficult for us to play just as the location of the dressing room when the team bus makes final stop is another problem,” the Franco-German coach pointed out at the forum.Since the refurbishment of the stadium, it has played host to 2018 Aiteo Cup final as well as the international friendly against Cranes of Uganda.The official game against Seychelles will hold March 21 before the Pharaohs storm Asaba five days later for the game primarily aimed at keeping Super Eagles in shape for the 2019 AFCON scheduled to hold in June. CAF is to name the host country for the continental showpiece on June 9. Both South Africa and Egypt are in the running to host.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram By Femi SolajaThe Nigeria Football Federation (NFF) is believed to have settled for the  Keshi Stadium in Asaba, Delta State to host the international friendly between the Super Eagles and the Pharaohs of Egypt and the dead-rubber last 2019 African Cup of Nations qualifying Group B match  against Seychelles.A top official in the Glass House in Abuja confirmed to THISDAY in a telephone interview last night that the deal to host the two matches in Asaba is almost a done deal because the Delta State Government has agreed to take 70 per cent of the cost to prosecute the matches.last_img read more