Danica investment director departs as new strategy takes shape

first_imgDanica Pension’s investment director Peter Lindegaard is leaving the Danske Bank subsidiary as the firm hunts for a replacement with the skills to implement its new strategy focusing on direct holdings. A spokesman for Danica Pension said news reports that Lindegaard had been fired following years of disappointing investment results were “a bit strong”. He told IPE: “Jacob Aarup-Andersen (Danica Pension CFO) and Peter Lindegaard believe it is sensible to find another investment director with different skills.” The company and Lindegaard – who has held the position of investment director for five years – had agreed it was the best thing to do, he said.  Danica Pension will unveil a new investment strategy in the autumn that will focus on investing directly in companies. “The CFO is working on it right now,” the spokesman said. “In the future, we will do things differently from the way we have done up to now.” Last month, Danica Pension made its first major direct investment, heralding the start of its new strategy. The pensions firm bought a minority stake in marine logistics firm Unifeeder for DKK400m (€53.6m), as part of its overall strategy to replace some bond investments with this type of investment. Over the next two years, Danica Pension said it expected to make direct investments of more than DKK10bn. Although Lindegaard has not yet left the company, an interim investment director has been put in place, the spokesman said.  Lars Pano Thørs, who was already working in Danica Pension’s investment department, has taken over Lindegaard’s role temporarily, he said. Danica Pension had not yet initiated a search for a new investment director, but this process will begin very soon. Its spokesman added: “Peter has been a valued member of staff in Danica, and we thank him for his efforts.” Lindegaard himself was unavailable to comment. Aarup-Andersen joined Danica Pension at the beginning of June as CFO and one of the subsidiary’s three directors, coming to the pensions subsidiary from another part of the Danske Bank group – Danske Capital. At Danske Capital, he headed the launch of the Europe Long-Short Dynamic fund.  He has a background in hedge fund management, having co-founded the Montrica hedge fund in 2006, which was then sold to TPG-Axon in 2010. Before that, he worked in London for Goldman Sachs’s investment banking unit between 2002 and 2005.last_img read more

​Nordic roundup: Velliv, Storebrand, European infrastructure

first_imgAs it was now fully-owned by its customers, and as an integrated part of Danish business, Velliv said, the company would increase its focus on social responsibility factors including responsible investment and sustainability, which it said was a natural thing to do as one of Denmark’s largest institutional investors.The association has been stepping up its ownership of the former Nordea subsidiary in stages over the past three years, targeting full ownership by buying shares from the bank.Scandinavian investors invest €215m in European infra fundScandinavian pensions and insurance firms have invested around €215m in a European equity infrastructure fund managed by Allianz Capital Partners, Allianz Global Investors (AllianzGI) announced.The Allianz European Infrastructure Fund (AEIF) reached its final close after raising €860m and being heavily oversubscribed, AllianzGI said, with Scandinavian pensions and insurance firms accounting for more than a quarter of these commitments.Investments made by the fund are to be funded by both the AEIF and Allianz insurance companies, with the latter contributing at least 50% of invested capital, said AllianzGI, adding that the focus would be on energy, transportation and communication infrastructure providing essential services for the public.Erik Rosensvard, Allianz GI’s head of business development Nordics, said: “Our institutional clients show a strong appetite to invest equity into infrastructure projects together with Allianz.“In this respect, it is an advantage that the seed investment will be undertaken in a Scandinavian country,” he added.AEIF has already made its first investment in Finland’s second largest electricity distribution company Elenia, according to AllianzGI.Storebrand triples fossil-free assetsNorwegian pension provider Storebrand has now almost tripled its fossil-free assets following a divestment decision by its Swedish subsidiary SPP.The move means a third of group assets under management, €26bn, will exclude fossil fuel companies once the SPP move is complete, the firm announced at the COP 25 climate conference in Madrid.Odd Arild Grefstad, Storebrand Group chief executive officer, said: “We believe that companies with a strategy in line with the UN global goals and Paris Agreement will create better returns in the long run.“Along with all other sectors, the financial sector must recognise its important role in channeling investments into low carbon solutions,” he added.Staffan Hansén, CEO of SPP Pension & Insurance, said the pension industry had a natural and important role to play in tackling climate change.“Half of the money on the world’s stock exchanges is pensions money, and capital flows from fossil fuels are likely to accelerate faster than you think,” he said.SPP also cited financial reasons for the divestment, such as the likelihood of increased carbon dioxide tax for companies in the future.Storebrand said it had joined the Net-Zero Asset Owner Alliance, along with 15 other asset owners, who pledge to achieve net-zero carbon investment portfolios by 2050. Danish pension provider Velliv has announced it is now 100% owned by its customers, after its holding company bought the remainder of shares in the company from the Nordic financial group Nordea.The shares were bought by Velliv Association (Velliv Foreningen), which is owned by the 350,000 customers of Velliv, the former Nordea Life and Pension Denmark, as it lifted its stake in the operating company to 100% from 81%.Peter Gæmelke, Velliv Association chair, said: “The Velliv Association has today become the sole owner of Velliv.”“Now all of Velliv’s profits go to the Velliv Association, which pays a cash bonus to members and supports non-profit mental health efforts,” he said.last_img read more

Voegele, Hiltz Earn Top Spots At Country Showdown

first_imgSamantha Voegele and Kent Hiltz finished first and second at the showdown.The third time was a charm for a contestant in the Country Showdown.The 33rd annual event was held at Liberty Park in Batesville on Friday night and featured seven contestants vying to advance to the state competition.15-year-old Samantha Voegele of Noblesville has competed in Batesville for the past three years. On Friday, she won the contest after performing songs by Sara Evans and Shania Twain.“When my name was called everything inside me just exploded! I just became light headed pretty much because I was just so ready to be number one in this competition,” Voegele stated.She will now advance to the state level contest in August, with a chance for a $1,000 prize, the State Title and the opportunity to advance to one of five Regional Finals. It’s the last step before the prestigious, televised National Final.“I plan on picking new more upbeat songs, ones that I am maybe more comfortable with. I am just ready for this!”Kent Hiltz of New Point finished second in the competition.Other singers that took part in the showdown was Megan Hoffman, Guilford; Christopher Bischoff, West Harrison; Alyssa Williams, Connersville; Marissa Fullenkamp, Batesville; and Jessie Strassell of Dillsboro.last_img read more

Smalling: Rooney remains confident

first_imgChris Smalling is sure Wayne Rooney’s confidence remains high despite his recent goal drought for Manchester United. Rooney stretched his goalless scoring streak to 10 United matches on Saturday as Louis van Gaal’s men drew 0-0 at home to Newcastle. The United captain has not scored since April 4 although he was perhaps unlucky to have one chalked off for a very tight offside call against the Magpies. Rooney was not the only one to miss chances against Newcastle. Juan Mata ballooned a volley into the Stretford End in the second half and Smalling’s header struck a post in the dying minutes. Depay also rounded Krul when put through but failed to score. The Dutchman, who scored his first two goals for the club against Club Brugge on Tuesday, admits he and his team-mates have to be more ruthless. “It was a frustrating afternoon,” he said. “We started great and sharp and we created some chances but didn’t finish them. The second half also we created some more chances but again we didn’t finish it so that was the frustration. “When you look back you have to say it was one of those days but we have to start finishing. I could have finished a couple of chances but I didn’t and I have to work on that.” While United left Old Trafford disappointed, Newcastle headed back up to the north-east happy having answered some of the critics who condemned their supposed defensive frailty following the 2-0 defeat to Swansea last week. Jack Colback feels the critics were too quick to jump on Newcastle following the loss at the Liberty Stadium and their 2-2 draw against Southampton on the opening weekend of the season. “It’s quite scary really how quickly this season that everyone is being criticised, it’s daft, but that’s the nature of the game we are in,” the Newcastle midfielder said. “Everyone is quick to jump on the negativity but as players you have to focus. We were disappointed last week, but we focused quickly on the next game and we have got a point.” Steven Taylor, who along with Fabricio Coloccini performed superbly to repel United’s relentless attacking player, praised the impact of new manager Steve McClaren. “Everything has changed,” said the defender, who has played under 12 different managers during his 12 years at the club. “There are new methods here. The style has changed, and so has the training regime. “It’s a whole new look to Newcastle and it has been needing that – a bit of a fresh look to it. “The main thing is that he’s given the lads confidence. Everyone has had a clean slate.” Smalling believes Rooney and his team-mates did not have the rub of the green against Newcastle and is sure the captain is not suffering from a crisis of confidence. “No, I think if you see in his play, he is running in behind and he is giving himself opportunities,” Smalling said when asked if Rooney’s confidence had dipped. “I think we probably had double figures in terms of chances, not just to Wayne but for the whole team. “It’s just a case of one of those falling in, but the majority of the team is getting those opportunities so if we keep creating those chances, they will come eventually.” Rooney tested Tim Krul from 25 yards shortly after his disallowed goal, but did little else to suggest he was going to break his duck for the season. Despite his troubles in the box, Rooney is having a big influence in other areas – most notably in helping Memphis Depay find his feet at Old Trafford following his £25million move from PSV Eindhoven. “Wayne Rooney helps me a lot,” the Dutch forward said. “He has a lot of experience. He already knows everything about the football world so if I have any questions I can ask him.” Press Associationlast_img read more

FC Barcelona Apologize for Real Betis Tweet

first_imgBarcelona: Spanish champions FC Barcelona have apologized for a tweet they posted mocking Real Betis after beating them 5-2 in their Spanish league match. Barcelona posted a photo of defender Junior Firpo holding up five fingers after the match with the caption “Junior knows.””Barcelona wishes to sincerely apologize for any offense caused to Real Betis,” the club tweeted. “No disrespect was intended, but we were wrong to publish it on a night that was very special for Junior.” FC Barcelona had signed Firpo from Betis in August. The 23-year-old made his debut during the win, coming on for Brazilian midfielder Rafinha in the 81st minute. Firpo featured in 29 games for Betis last season and was part of Spain’s U21 European Championship-winning side in June. (IANS) Also Read: FC Barcelona trample Napoli 4-0 in Pre Season Friendly Also Watch: Watch Video | Fan of Zubeen Garg washes his feet during a promotion show in Assamlast_img read more

Pacquiao withdraws from November fight with Horn

first_img(THE Sports Xchange) – Manny Pacquiao has pulled out of his proposed November rematch with Jeff Horn for the WBO welterweight title because of government duties.Pacquiao, a senator in the Philippines, is unavailable for the proposed November 12 bout due to the conflict, the Australian promoters of the fight announced yesterday.Horn upset Pacquiao for the WBO welterweight title in a unanimous 12-round decision in Brisbane, Australia, on July 2.“On behalf of the Philippines government, he (Pacquiao) will be part of a delegation that will visit China in the middle of his proposed preparation period for the fight,” said Dean Lonergan, who is Horn’s promoter. “Pacquiao is committed to fighting again in 2018 and a rematch with Jeff Horn for the WBO world welterweight title.”The proposed rematch in Brisbane had been confirmed by both camps on August 21. The fight was expected to be held at the same outdoor stadium in Brisbane where a hometown crowd of 51 000 saw Horn, a former school teacher, stun Pacquiao for the WBO welterweight belt.The 38-year-old Pacquiao said after the fight that he wanted a rematch. He disagreed with the judges’ decision and asked the World Boxing Organisation for a review, but the WBO later endorsed the 29-year-old Horn as the winner.Jesse Vargas, an American contender and former world title-holder, could possibly take Pacquiao’s place for a fight later this year against Horn, the promoters said. Pacquiao beat Vargas in a unanimous decision last November in Las Vegas.last_img read more

Health Center to offer free H1N1 vaccines

first_imgThe University Park Health Center has offered free flu shots in years past, but only to about 2,000 people. This year, officials expect things to be different.This fall the UPHC, in conjunction with the Los Angeles County Department of Public Health, will offer free H1N1 vaccine shots during a two-day period in early November, and officials are hoping the numbers will be quadrupled from last year’s flu shot turnout.Dr. Lawrence Neinstein, director of the UPHC, said he would like to see 8,000 to 10,000 people show up for the free vaccines this year. In 2008, about 2,000 people received the seasonal flu shot vaccine, but Neinstein is preparing for a large-scale distribution this year.Despite anticipation of high demand for the H1N1 shot, some students said they were wary of the relatively new vaccine.“I would want to know if it has been tested and what the results are before I get the vaccine myself,” said Hasan Abbas, a sophomore majoring in neuroscience.Other students said they will not get a flu shot because they don’t feel they need one, despite the widespread media coverage of the H1N1 virus.“I don’t feel like I need to get the vaccine. I don’t believe it is a pressing issue,” said Madison Pachkowski, a sophomore majoring in kinesiology. “The H1N1 isn’t any different than the normal flu. I feel like it is more publicized and people are more aware of it, but people die from the flu every year.”Still, officials are recommending the vaccine for everyone, including those who believe they are not susceptible to the flu.“Unless you were specifically tested for H1N1 then you should still get the vaccine,” Neinstein said. “All indications suggest this is a safe, important and effective vaccine … You’re not just helping yourself but you’re helping everyone else on campus.”Right now, the UPHC is looking at distributing the vaccine Nov. 3 and Nov. 4 at the Lyon Center, but Neinstein said the date, location and availability of the vaccine are subject to change.The Department of Public Health will be staffing the event with nurses, supplying the vaccine and bringing the materials for distribution, Neinstein said. In case more people than expected show up on the first day, the county is prepared to bring more of the vaccine for the second day.Jason Heim, a junior majoring in communications, said he thought the UPHC was right in preparing for more people who want the flu shot.“I think more people will get the vaccine this year specifically because it is the H1N1. People will go this time who normally wouldn’t go for the regular flu shot,” Heim said.Tamara Arakelyan, a junior majoring in public policy, managing and planning, said that although she has not gotten a flu shot before, she is considering it this year.“I didn’t get the vaccine last year but I am more inclined to get it this year because there is so much hype about the H1N1 and I am more aware of it,” she said.Neinstein noted that the event is not limited to just students.“We would like to focus on the high priority groups but the county is not going to turn anyone away,” Neinstein said. “The flu kills 10,000 to 15,000 people every year; that is why it is important for everyone to get vaccinated every year, not just for the H1N1.”There will be other opportunities to get the vaccine, but after this first event it will no longer be free. The UPHC is planning on passing out the vaccine later as well, but it will have to charge a small staffing fee since the county will no longer be bringing in its own staff, Neinstein said. There will also be an opportunity for students to receive the seasonal flu vaccine for free, but it will be separate from the H1N1 vaccine.last_img read more

McDaniels posts double-double, alters Syracuse’s shots around rim

first_img Facebook Twitter Google+ Syracuse knew what it was getting in K.J. McDaniels before he arrived at the Carrier Dome, but once he got on the court he gave a reminder of the fearsome presence he can be.He leads the Atlantic Coast Conference in blocks per game with 2.6 and is perhaps the best shot blocker among players that aren’t big men in the entire country.One of the first times that Tyler Ennis tried to drive to the lane, McDaniels was caught a bit behind the play, but that didn’t matter. He caught up and swatted Ennis’ layup attempt off the backboard.“I just had to adjust to the way he plays defense and the way he crashes the boards and goes to the basket,” the SU guard said. “He’s a really good athlete — one of the best in the conference and definitely the country, as well.”The Clemson forward blocked two shots during his Tigers’ 57-44 loss to the No. 1 Orange on Sunday in the Carrier Dome, but he was a presence on both ends of the floor with 19 points and 10 rebounds to go along with his blocks.AdvertisementThis is placeholder textClemson only finished with four blocked shots, but the Tigers provided Syracuse with a physical challenge every time the Orange tried to get to the rim.SU forward C.J. Fair made a perfect pass to Michael Gbinije as he cut backdoor for a would-be easy dunk during the first half, but Clemson forward Landry Nnoko slid over in time to stuff Gbinije at the rim.Against a team that slows it down, every possession becomes critical, and blocked shots constitute wasted possessions.“You have to be patient. You have to be sure you get a good shot,” Syracuse head coach Jim Boeheim said. “We aren’t going to try to do anything too fast.”McDaniels, however, was at the forefront of the Tigers’ defensive efforts. After McDaniels blocked Ennis, the guard didn’t score again until the final seven minutes of the game.The Orange dominated in the paint, outscoring Clemson 32-14, but several came on putback dunks and layups and a handful more came from Fair, who was about the only player that McDaniels couldn’t fluster.McDaniels was still able to rattle off a strong performance, but he wasn’t as dominant as he could have been.Said Fair: “I just wanted to keep him moving because he’s an active player on the offensive end.” Comments Published on February 9, 2014 at 11:46 pm Contact David: dbwilson@syr.edu | @DBWilson2last_img read more

Saudi Crackdown on Footballers’ ‘Un-Islamic’ Hairstyles

first_imgFootballers in Saudi Arabia have been banned from a match due to their Qaza hairstyles. This is part of the country’s crackdown on “unIslamic hairstyles” in the sport.The three players were prevented from playing in the match by Saudi Soccer Association officials.According to Arabic news website Al Bawaba the football federation told clubs to “ban the Qaza phenomenon”, (using the Arabic term for a small Mohawk-like hairstyle popular among their athletes). The decree, which went into effect on April 7, bans both Saudi and foreign players from sporting the style while playing in the kingdom.The ban is supposedly inspired by one of the teachings of the Prophet Muhamed in the hadith – his book of sayings – which forbids Qaza hairstyles, which are defined as shaving part of your head but leaving other parts unshaven.One commentator, writing in the Saudi newspaper Al-Jazirah on Friday, urged the football federation to “impose sanctions” on players whose “bizarre haircuts are imitated by their fans in schools”.The hairstyle was originally banned in 2009 but enforcement has been intermittent.In 2012, a goalkeeper for Al Shabab and Saudi Arabia’s national team, Waleed Abdullah, had to have his Qaza cut off by the referee before being allowed onto the pitch during a match in the capital Riyadh.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

GINX Esports TV announced ‘Fight Night’

first_imgGINX Esports TV has announced that this Friday (16th June), it will be broadcasting three live international esports events back-to-back. It’s dubbed the event ‘Fight Night’ and the release states it’s esports television’s first live ‘all-nighter’. GINX will first broadcast the OGN Apex Season 3 Overwatch competition from Seoul, Korea at 21:00 BST. It will then move to the Call of Duty: World League in Anaheim, California at 0:00 BST before ending ‘Fight Night’ at ELEAGUE’s CS:GO Clash for Cash between Astralis and Virtus.Pro. The release states that “for the first time on broadcast television, esports fans will be able to watch three live major international events back-to-back, uninterrupted and commercial free”. It also adds a quote from Miciel Bakker, GINX TV CEO, who spoke to The Esports Observer. He stated “We’re delighted to bring three such important events to esports fans in the comfort of their front rooms. This is the one of many major programming events that viewers can expect to see on GINX Esports TV this year.”Esports truly is an industry which never sleeps. With Dota fans also having The Summit 7 and NESO – Galaxy Battles 2017 on top of the Call of Duty, Overwatch and CS:GO action there’s no shortage of content for a consumer’s perusal. It will be interesting to hear whether or not many stick out the whole of ‘Fight Night’ as there’s three different esports on show and many spectators may not enjoy each and every one of them. Regardless, it’s great to see GINX broadcasting top tier esports action that’s available to so many households around the world. We’ve certainly flicked onto sports channels before thinking “What on earth are they showing?”, so maybe GINX will capture a new gaggle of esports. Esports Insider says: A busy night of action on GINX. For those in the UK get your energy drinks ready as there’s a long night of esports perusal ahead…last_img read more