Kelly will foster all the good in Spa City

first_imgCategories: Letters to the Editor, Opinion Third, she is interested in preserving the history, beauty and unique small-town feeling of the not-so-small-town Saratoga Springs.While Saratoga is and has been in a growth mode for a solid generation, we shouldn’t want to change its values. There needs to be affordable housing. We need to care for our residents and seasonal workers so important to our economy of all backgrounds, origins and persuasion; we need to retain our green space,; we need to keep awareness on the beauty of not only landscape, but on the arts and education so important to those who call Saratoga Springs home.We need to maintain a strong moral compass for our young and old. Rainbow signs in many languages of welcome to all in our community are indicators that we are on the right track. A peace march in August, peace convocation on Broadway recently, support for a green environment, this and much more indicate that community activism is alive and well in Saratoga Springs.We need a mayor like Meg Kelly who can foster and support all this.Phyllis WangSaratoga Springs More from The Daily Gazette:Schenectady, Saratoga casinos say reopening has gone well; revenue down 30%EDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristscenter_img With elections coming up in just a few weeks, there are multiple reasons Saratoga Springs should support Meg Kelly.First and foremost, she is an integral part of Saratoga. She grew up here and raised her family here. Second, she has the best interests and well-being of the community at heart. It’s that commitment that makes her willing and able to work across party lines. It’s not about party. It’s about the good of the community.last_img read more

Schroders earmarks £100m for shop fund

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Mandate roundup: BVK, Access Capital Partners, Cardano, Brakes, Sackers

first_imgGermany’s biggest pension fund, Bayerische Versorgungskammer (BVK), has given Access Capital Partners a large European private equity investment mandate.The mandate is for primary and secondary investments in European smaller buyout and growth funds, as well as later-stage technology funds.Access said the mandate was large, but it did not disclose its actual value.Philippe Poggioli, the firm’s managing partner, said: “We are very pleased the BVK has chosen to significantly enlarge the scope of the mandate we carry out on their behalf.” Access said it had been chosen as part of BVK’s strategy to cut the number of managers it worked with to a limited number of key, specialised firms.These managers will be given larger allocations for the period between 2014 and 2017.The manager, which specialises in funds of private assets, said BVK had invested in several of its funds since 2007 and formed a close working relationship with the pension fund’s alternative investment team.Meanwhile, Cardano said it has been appointed as fiduciary manager to the £170m (€206m) Brakes Final Salary Pension Scheme, following a search process.Richard Dowell, head of clients at Cardano UK, said: “We are seeing increasing interest from schemes of a similar size to Brakes that are now looking at the benefits that appointing a fiduciary manager can bring to the funding of their scheme.”These schemes focuse particularly on having steady and stable growth in the funding ratio, he said.Giles Payne, trustee of the Brakes scheme, said Cardano’s approach of controlling and improving the scheme’s funding position made it stand out in the selection process.This was a key differentiator and attraction, he said, in addition to “the clarity they bring to many of the decisions and processes”.“In a short time,” he added, “we have already seen the difference Cardano can make to our results, as our portfolio risk has reduced whilst maintaining the same expected return.”PwC advised the trustees and sponsor of the Brakes scheme in the search.Lastly, law firm Sackers has been appointed legal adviser to the trustees of the Total UK Pension Plan, after a competitive tender.Lester Farrant, Total’s UK group pensions manager, said Sackers the company and trustees with “their understanding of our needs and the breadth and depth of their expertise”.The £2.6bn scheme has 13 defined benefit schemes and one defined contribution scheme.last_img read more

​EAPF prioritises private debt over hedge funds in alternatives push

first_img“Investment in hedge funds and commodities was considered,” the fund’s 2014-15 annual report says, “but these were not felt to comply with our investment principles and our focus on long term, responsible investment. In contrast, illiquid credit/private debt is seen as an appropriate and worthwhile area.”The new allocation to illiquid credit and private debt is to be funded by cutting the equity portfolio’s size by 10%.The report says part of the fund’s UK passive equity portfolio – likely to be worth £140m and managed by Legal & General since 2007 – had already been sold as part of the shift.The EAPF also recategorised a £150m stake in a Wellington total return bond fund as part of the growth fixed income portfolio, almost immediately meeting the 6% upper limit for the portfolio laid out in the revised Statement of Investment Principles (SIP).The allocation to Wellington was itself only put in place in March this year, after the EAPF liquidated its holdings in the PIMCO unconstrained bond fund due to what it saw as “considerable team instability” – namely, the departure of company co-founder Bill Gross and others.It also recategorised its previous £6.6m stake in a Generation Investment Management credit feeder fund as part of the private debt portfolio, seeding the manager with a further £30m to show its commitment to the area.Under its revised SIP, the fund will allocate up to 60% to equity – split among global equity, emerging markets and private equity – while maintaining its current allocation for real assets at no more than 25%.Illiquid credit and private debt could now range from zero to 8% of the portfolio, while growth fixed income could account for up to 6%. The fund also decided to lower its maximum exposure to corporate bonds by 3 percentage points to 25%. For the financial year 2014-15, the fund returned 15.1%, just ahead of its internal benchmark, lifting its three-year annualised return to 12.3%. The Environment Agency Pension Fund (EAPF) is to grow its alternatives exposure in an effort to reduce the level of equity risk in its portfolio.As part of an attempt to “stabilise and ideally reduce” the level of contributions paid by its sponsor, the £2.6bn (€3.7bn) fund said it reviewed its investment strategy to better understand sources of investment risk.It found that its portfolio was “dominated” by equity risk – with listed and private equity able to account for up to 70% of assets – and that it would need to diversify further into alternatives, in the absence of viable returns from fixed income.It said its allocation to real assets, which stands at £230m, already fit into the alternatives category and that the category would need to be broadened.last_img read more

Renovation sees Spanish-inspired ranch home brought to life

first_imgLocated in the rural area of Dulong on the Sunshine Coast, the four-bedroom home was designed by Chris Morrison of Morriachi Architecture and built by Barrett Constructions.A horse stud owner’s vision of a modern, Spanish-inspired ranch home has been brought to life using innovative yet affordable construction products. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoCheck out the open-plan layout.The interior design is open-plan and includes a master wing with ensuite, a central entertaining area with kitchen, living room and dining area, and a private guest wing.“The open-plan layout connects the interior and exterior walls of the home, creating a smooth transition from the outside to within,” Mr Morrison said.As for his favourite elements of the design, Mr Morrison said the express walls were a feature courtesy of the geometrical look they created.“There are various different intervals and you get glimpses where they overlap.“But mainly I’m thrilled that the home has beautifully achieved its aim.“The owner lives in a stylish and modern property and can look out to the rolling green hills to see his horses running about.” The home is located in the rural area of Dulong on the Sunshine Coast The four-bedroom home was designed by Chris Morrison of Morriachi Architecture and built by Barrett Constructions.Mr Morrison explained the home’s design had been heavily influenced by the rolling green landscape and the existing elements of the horse stud.“When I arrived on site, the black tar fences that enclose the horse paddocks were a real feature along with the stables,” he said.“We really wanted to bring elements of the stud farm into the home, so we opted for express walls to reflect the look of the stables and a colour scheme that related to the fencing.”The look is achieved using Cemintel Barestone cladding to create a raw stone finish that resembles the look of concrete cast on site.It is further accented by the use of sleek, timber-style cladding painted black to emulate the woodgrain texture of the stables and the black tar fencing.Mr Morrison noted the owner had a love of antiques, so inside the home his design was mindful of creating a gallery-like feel which would accommodate feature pieces of furniture and art.center_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:21Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:21 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenBuyer’s agent reveals her biggest horror stories02:21 Located in rural Dulong on the Sunshine Coast, the four-bedroom home was designed by Chris Morrison of Morriachi Architecture and built by Barrett Constructions.last_img read more

Crude vans in ministers’ crosshairs

first_imgNZ Herald 20th March 2016Family First Comment: Finally! Getting real traction on our campaign to clean up Wicked Campers ministers are teaming up to crack down on campervan company Wicked Campers and its offensive slogans.Associate Tourism Minister Paula Bennett is leading the charge and told the Herald on Sunday: “I’m determined to do something about it.”Several ministers have been involved this week in trying to find a way to make Wicked Campers stop using the slogans, which have sparked a string of complaints to the Advertising Standards Authority.Possible options considered include banning Wicked Campers’ vans from public camping grounds, referring the company to the chief censor and even using park rangers to fine people driving the vans.Wicked Campers has made a name for itself in New Zealand and Australia with slogans on the rear of its rental campers including expletives or derogatory comments about women.READ MORE: Campers – 100% offensiveNZ Herald 20th March 2016Wicked Campers has attracted a slew of complaints over the crude slogans on its vans and doesn’t seem keen to change its ways – but a trio of ministers are intent on bringing it to heel.• Government ministers are teaming up to crack down on campervan company over its slogans.• Fines and camping ground bans are among moves being considered.• Associate Tourism minister Paula Bennett is leading the charge, saying she believes the slogans are offensive: “I’m determined to do something about it.”READ MORE: read more

Entries sought for DHPA photo contest

first_imgRobin Smith, Terre HauteBridgeton BridgeIndianapolis, In. — The Indiana Division of Historic Preservation & Archaeology (DHPA) is once again asking the public for photos for its annual Historic Preservation Month photo contest.DHPA works to preserve buildings and the built environment and is looking for photos to celebrate that effort. Specifically, the division is interested in photos of something that has been preserved, is in the process of being preserved, or desperately needs to be preserved.The subject in the photo must be in Indiana and at least 50 years old. The image must show something that was designed and/or built.Send an 8×10 inch matted image, along with the registration form by April 5. The link for the registration form is below. Photographs can be color or black and white, and there is a separate category for digitally enhanced photos. The basic requirements are:Images must be 8×10 inch prints, mounted or matted on or with a white 11×14 matte board.The registration form must be attached to each photo.Limit of three photos per person.For a complete list of guidelines and the registration form, go online here.last_img read more

TWINS (Bayo) Beer Garden/UCCA U-19 Cricket …. Skeldon through to final

first_imgAN excellent all-round performance from Antonio February guided Skeldon to the final of the TWINS (Bayo) Beer Garden/Upper Corentyne Cricket Association Under-19 cricket competition for teams in the Upper Corentyne area.February first took 4-19 then stroked an unbeaten 52 not out, as Skeldon defeated No. 64 Fighting Marines by four wickets. Afseer Hussain, who took 5-30, also contributed to the victory.Skeldon will now play hosts No. 72 Cut and Load in Sunday’s final.Bating first, No. 64 Fighting Marines were bowled out for 102 in 26.5 overs, with Vadanand Sugrim 24, Thakurdeo Persaud 20, and Lakram Chunilall 18, being the top scorers.In reply, Skeldon reached 104-6 off 20 overs, with February 52 not out, Ezekiel Gordon 19 not out and Mahendra Chaitnarine 15, being the top scorers.Bowling for No. 64 Fighting Marines, Vadanand Sugrim took 3-21 and Stephon Newland 3-39.last_img read more

The Latest: Swimming federation welcomes new Olympic dates

first_img Associated Press ___The Tokyo Olympics will open next year in the same time slot scheduled for this year’s games.Tokyo organizers say the opening ceremony will take place on July 23, 2021 — almost exactly one year after the games were due to start this year.The IOC and Japanese organizers last week postponed the Olympics until 2021 because of the coronavirus pandemic.This year’s games were scheduled to open on July 24 and close on Aug. 9. But the near exact one-year delay will see the rescheduled closing ceremony on Aug. 8. The Latest: Swimming federation welcomes new Olympic dates March 30, 2020 ___The governing body of track and field says it supports the new dates for the Tokyo Olympics and is working with organizers in Eugene, Oregon, to move its world championships to 2022.World Athletics says “everyone needs to be flexible and compromise.”The 2021 track worlds were scheduled to be next year from Aug. 6-15.World Athletics says it will consult with the organizers of the Commonwealth Games and the European Athletics Championships. Those are other major track events scheduled to take place in 2022. There had been talk of switching the Olympics to spring, a move that would coincide with the blooming of Japan’s famous cherry blossoms. But it would also clash with European soccer and North American sports leagues.___More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 World Triathlon president Marisol Casado says “even though we would have preferred to move the games to earlier dates, where the impact of the heat was a bit lower, we agreed that these dates are the best solution.”All sports federations involved in the Olympics signed off on the new dates.Casado says “I am absolutely confident that we will have magnificent games in Tokyo next summer, with the help and support of all of us involved in the preparations for hosting the event.”The International Olympic Committee previously moved the marathons and race walking events to Japan’s northern city of Sapporo and scheduled most of them to start early in the morning to avoid the heat in Tokyo.Triathlon has remained in the capital even though it includes running. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The governing body of swimming welcomed the new Tokyo Olympic dates without giving any detail of how to reschedule its own world championships in Japan next year. FINA’s biennial worlds were planned for July 16-Aug. 1, 2021, in Fukuoka. That slot is now taken by the Tokyo Olympics.FINA says knowing the Olympic dates “is very helpful to federations and athletes everywhere.”The governing body of track quickly committed to pushing back its world championships to 2022. But FINA has the added complication of the 2022 Commonwealth Games because many top swimmers compete in both events.___The governing body of triathlon says it wanted the rescheduled Olympics to be held earlier in the year to avoid the summer heat but has accepted the new dates.last_img read more

Federer goes in search of Wimbledon glory

first_imgPhoto: © pixabay Stan Wawrinka was the biggest casualty on day one, going down in 4-sets to Daniil Medvedev of Russia.Women’s top seed Angelique Kerber opens up proceedings on Centre today as she faces the world number 247 Irina Falconi of the United States.One of the tournament favourites – Karolina Pliskova – faces Russia’s Evgeniya Rodina. After a year away, Roger Federer begins his tilt at an eighth Wimbledon title this afternoon.The Swiss is due to face Ukraine’s Alexandr Dolgopolov on Centre Court.Novak Djokovic – seeded 2 this year – takes on Martin Klizan.last_img