Near-half of German institutions to miss investment targets

first_imgUnion said while safety and risk-management still remained key overall, only 64% said it was the most important consideration, down from 79% the previous year.“The proportion of those describing their investment policies as safety-driven was as high as 84% last year, this figure fell to 77% in the latest survey,” the report said.Investment returns were now most important for 19% of investors compared to 8% in last year’s report.However, despite a growing focus on investment return, loss-avoidance still remained the key objective for 80% of investors.In line with this, risk management was seen as the most important criteria when selecting an asset management by 82% of respondents.Alexander Schindler, member of Union’s investment board, said the sentiment showed the expectation of a long-term low-rate environment among institutions.“The stronger pressure on returns has inevitably increased the willingness to take carefully calculated risks,” he said.“Given the pressure on returns, investors are now more concerned than ever to achieve superior risk-controlled performance.“Sound risk management therefore always involves managing opportunities as well.” Almost half of German institutional investors are expected to miss the investment return target set at the start of the year, once again owing to the low interest rate environment.Research conducted by German asset manager Union Investment showed banks were the most pessimistic while 49% of asset managers expected to miss targets.As a result, 43.5% of 109 investors surveyed expect to miss their 2014 target, a sentiment extrapolated over the medium term to 2018.In reaction to the burgeoning negativity among German institutional investors, Union said it had observed a growing focus on investment returns at the expense of safety and liquidity.last_img read more

Cairns real estate: Edge Hill home remained with one family for 70 years

first_img11 Friend St, Edge Hill is for sale.THE memories created in a childhood home are timeless and very few people get to relive them into adulthood and throughout their life. But with five generations of Billinghams having resided at some point at 11 Friend St, Edge Hill, it truly has been a family home and owner Bob Billingham takes a walk down memory lane to where it all started. “It was built in the ’50s by dad, but he was a very forward-thinking builder so it was built to a modern design,” Mr Billingham said. 11 Friend St, Edge Hill is the address Bob Billingham came home to from Cairns Base Hospital. At the time, his dad was still building this house.“I was brought home to this address in 1950, from the Cairns Base Hospital. “We had a temporary house on the same block which was part of the address, while Dad was building this one.”The move into the new house came sooner than expected for the Billinghams after Cyclone Agnes in 1956 forced them out of the temporary house and into their three-quarters complete new family home. In 1979, Mr Billingham, who was working at the Collinsville Power Station at the time, purchased the property from his parents, who were struggling to sell it. “My older brother and sister already had their own houses, and my younger brother and sister were living in Adelaide. “And my wife and I were interested, so it was good timing for us.” Lorraine and Bob Billingham at a Taipans game in 2006. The couple bought 11 Friend St, Edge Hill in 1979. Picture: Michael WattAfter renting out the house for six years, Mr Billingham finally returned to the childhood home in 1985 and began renovations, with the most recent work done in 2001. “After buying it from Mum and Dad, we put a new roof on. The walls and ceilings were compressed timber and we changed all that to Gyprock. We’ve opened it up by moving some small walls so that the dining room, living area and kitchen open up more than what they used to be,” Mr Billingham said.“Then there’s an entertaining area that’s been put on at the back of the house. That used to service my office when I was doing photography.” With high ceilings and an open plan, Mr Billingham said there was a lot of airflow through the house, which remained “reasonably cool” during the summer. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoIt also features polished timber floors and carpeted bedrooms. Bob Billingham’s property at 11 Friend St, Edge Hill.While Mr Billingham grew up watching his father build the house, he said his favourite memories were of playing hide and seek with everyone in the street or racing go karts down the slope and ending up with gravel rash. “Friend St always had a lot of kids and it still does; I think it’s the best place in Cairns to grow up.” Mr Billingham turns 70 this year and said that with retirement and putting his energy into another property he owns, he regrettably had to list his childhood home for sale.“If I won the LOTTO tomorrow, it would be off the market straight away,” he said.“We’ve had five generations of our family live here. We had my eldest son’s daughters here for a while and now I’ve got nine great grandchildren who all come and visit.” He said he and his wife were now looking at moving to either Thailand or Perth.last_img read more

Kobelco Unveils New Generation of Excavators

first_imgKobelco Construction Machinery Europe B.V. (KCME) has announced the arrival of the SK140SRLC-7 – a 14-tonne excavator that delivers enhanced efficiency and productivity through harmonization of mechanical power, operation speed and overall machine design.The SK140SRLC-7 is of a new generation of excavators to demonstrate Kobelco’s prowess in excavator design and manufacture.Coupled with modern manufacturing processes and customer feedback, the Japanese manufacturer’s SK140SRLC-7 sets a new class-defining standard in operational use and operator comfort.Commenting on the introduction of the new SK140SRLC-7, Product Manager, Peter Stuijt, said: “Kobelco is committed to designing and manufacturing the most capable and efficient excavators and the introduction of SK140SRLC-7 is proof indeed of this.”“The latest technology that features within the SK140SRLC-7 provides the basis for a multi-purpose excavator with reduced operating costs and exceptional working performance. The fact that this machine is already Stage V-compliant also underlines Kobelco’s dedication to reducing the construction industry’s carbon footprint – an issue that nobody can afford to ignore,” added Peter Stuijt.More Infolast_img read more

Girls Area Basketball Scores (11-29)

first_imgGirls Area Basketball Scores.Tuesday (11-29)Triton Central  40     Batesville  32TC won the JV Game 45-33South Ripley  68     North Decatur  61Milan  49     Switzerland County  38Oldenburg  50     Edinburgh  39South Dearborn  33     Rising Sun  26Rushville  64     Richmond  37Eastern Hancock  50     SW Shelby  41last_img

Arrest warrant leads to new drug charges

first_imgNorth Vernon, IN—Last week, North Vernon Police Department located Kristen E. Smiley, 44, of North Vernon and arrest him on an active arrest warrant after a traffic stop. This arrest led to new drug charges once drugs and paraphernalia were located in Smiley’s vehicle. The arrest warrant was for solicitation of a minor, a level 4 felony.The officer located Smiley driving his vehicle in North Vernon. Police initiated a traffic stop and after identifying Smiley and took him into custody. During the investigation, police identified that Smiley had been using a THC e-cigarette in the vehicle. Police also allege discovering a small bag of methamphetamine on Smiley’s person.A search of Smiley’s vehicle discovered approximately 56 grams of methamphetamine, approximately 176 grams of marijuana, 3 vials of a prescription-only steroid, a digital scale, multiple syringes, multiple packaging materials, and smoking devise for both meth and marijuana. Officers also seized $4,420 cash that was located in the vehicle.Smiley was charged on allegations of a warrant, dealing in a controlled substance, dealing in methamphetamine, dealing in marijuana, possession of a syringe, obstruction of justice, and possession of paraphernalia. Smiley is currently being held without bond per the arrest warrant.last_img read more

Super Sire claims two-mile crown

first_imgSire De Grugy emphatically silenced the dissenting voices by claiming the BetVictor Queen Mother Champion Chase, the highlight on day two of the Cheltenham Festival. Press Association Somersby ran a smashing race in second, beaten by six lengths, while Module was third. In the absence of Sprinter Sacre, last year’s winner and jumps racing’s superstar, Sire De Grugy has made hay for his likeable connections. Three previous victories, two of which came in Grade Ones, suggested he was the one to beat in what looked on paper to be a pretty moderate renewal of the great race. And so it proved, as Moore’s inmate glided into contention three out after Special Tiara, Somersby and Arvika Ligeonniere jousted for the lead from the outset. Only Somersby was able to sustain any meaningful challenge, but it came to nought once Sire De Grugy joined that rival at the last fence. There was only ever going to be one outcome from that stage, even though the game runner-up again emerged with credit. Module defied odds of 20-1 to come from a long way back and take third spot, another neck adrift. Sizing Europe, who won this race in 2011, looked like taking a hand in the finish, but he grew weary halfway along the straight. Jamie Moore said: “I’ve got a good rapport with this horse, I love him to pieces. It’s all down to him. It’s a great effort by Dad as well. “He’s had no credit this season, as far as I’m concerned, but it’s all down to the horse. I love him so much. “It’s tremendous for all the family. It proves we can do it.” Moore senior said: “It annoys me people haven’t given him the credit he deserved. “He can’t do any more than what he’s done. He’s gone out there today. You need a bit of luck sometimes. “Jamie has given him a peach of a ride and I’m just thrilled for everybody. “There are a lot of people who deserve a lot of credit, including the staff at home. I’m just glad he’s won for everyone as much as anything else. “I didn’t see the finish. I watched him jump the last then I couldn’t see because there were too many people in the way. “The guard of honour the lads gave to Jamie meant a lot. It just proves what a popular person he is. I’ve not seen that done for a long time.” Meanwhile, Silver Concorde came with a wet sail up the hill to claim the Weatherbys Champion Bumper. Robbie McNamara had the Dermot Weld-trained 16-1 shot not too far off a good pace set by Black Hercules and delayed his move until after the turn for home. The six-year-old was always travelling well and quickened to the front when given the office by McNamara. Silver Concorde bounded up the hill to beat the Willie Mullins-trained 7-2 favourite Shaneshill by a length and a half with Joshua Lane a length and three-quarters away in third. Weld said: “He did it well. He’s a very decent horse and I knew the drying ground would suit him well. “Robbie’s a master craftsman and rode a beautiful race. “This horse has had his problems. He’s taken time to come to himself as he was big and immature, but he’s got there. “He’ll make a super hurdler, but there might be a few races to win with him on the Flat first.” Cross-country specialist Balthazar King defied top weight with a narrow victory over Any Currency in the Glenfarclas Handicap Chase. Winner of this specialist contest in 2012, the Philip Hobbs-trained 10-year-old just denied Any Currency by a short head after a mighty tussle in the hands of Richard Johnson. Big Shu, the winner 12 months ago, was two lengths away in third with Duke Of Lucca fourth. Earlier in the day, Nico de Boinville and Whisper just saw off Tony McCoy on Get Me Out Of Here in a thrilling race for the Coral Cup. There was nothing between them up the hill, but it was Whisper (14-1), trained by Nicky Henderson and owned by Dai Walters, who prevailed by a short head. Bayan was two and a quarter lengths away in third, with Smashing fourth. O’Faolains Boy came up trumps in a titanic duel with Smad Place for the RSA Chase at the Cheltenham Festival. The Barry Geraghty-ridden seven-year-old (12-1) found just a little more when it mattered to take the Grade One by a neck for the Rebecca Curtis team. Irish challenger Morning Assembly finished third. Faugheen maintained his unbeaten record as he posted an impressive success in the Neptune Investment Management Novices’ Hurdle. The Willie Mullins-trained six-year-old swept to the front after three out in the hands of Ruby Walsh and pulled clear of the opposition with the minimum of fuss. Cole Harden and Creepy had taken the field along until the third-last, where 6-4 favourite Faugheen was going ominously well with his main market rival Red Sherlock hot on his heels. Faugheen made a mistake both three out and at the second-last but he flew the final flight and powered up the hill to win as he liked, making it four wins from four over hurdles and giving Mullins and Walsh their third winner of the meeting. Ballyalton battled on stoutly to claim the runner-up spot ahead of Rathvinden, who was a further half-length adrift. Yorkshire toasted its first Cheltenham Festival winner of the week when Hawk High swooped in the Fred Winter Juvenile Handicap Hurdle. Trained in Great Habton by Tim Easterby, the Trevor Hemmings-owned four-year-old sprang a 33-1 surprise under Brian Hughes. Hughes had been criticised in certain quarters for his ride aboard Attaglance in a Listed race on Tuesday, but timed things nicely here. Clarcam’s fall two flights out caused plenty of mayhem, a consequence of which saw Orgilgo Bay gain a definitive lead. But Hawk High was not to be denied as a tidy jump at the last sealed the deal. His critics had argued that the Gary Moore-trained eight-year-old lacked the artillery to handle the contours of the track after he was beaten on his last two visits to Prestbury Park. But the 11-4 favourite made a mockery of such allegations with a no-nonsense success under the trainer’s son, Jamie. last_img read more

India aim for another stellar show in 2nd T20I against New Zealand

first_imgAuckland: After securing a thumping six-wicket victory in the first T20I, Team India will look to continue with their winning run and extend the lead when they take on New Zealand in the second match of the ongoing five-match series at the Eden Park on Sunday.Virat Kohli’s men have won seven out of their last eight T20Is, and four on the trot. And another win in Auckland would present them a great chance to win the series — something which they haven’t been able to achieve in their previous two attempts in New Zealand.India claimed the opening fixture, thanks to a solid batting performance while chasing a stiff 204-run target. K.L. Rahul, Virat Kohli, and Shreyas Iyer were all among the runs, as the visitors went across the line with an over to spare. Iyer, in particular, was in excellent touch, slamming an unbeaten 58 with a strike rate of 200 and bagged his first Player of the Match award.In fact, batsmen from both sides had a great game on Friday. As many as five fifties were scored in the match and thus on Sunday, it’ll be the bowlers who’ll play a decisive role at a venue that has produced high-scoring games with short boundaries.Indian pace spearhead Jasprit Bumrah had twisted his ankle in his final over on Friday and received on-field treatment immediately. However, he was able to bowl out the remaining four deliveries, which are positive signs for the visitors and they would hope that he bowls with his full-throttle to cause discomfort for the hosts.The Men in Blue are expected to retain the same XI unless they are forced to make a change.Black Caps, on the other hand, might look to make in some changes, especially to their bowling department which appeared to lack potency in the first game. Their batters, Colin Munro, Kane Williamson, Ross Taylor all scored runs which is a good sign for the hosts. However, it their bowling unit which has to step up and pick wickets at crucial junctures of the game, something which Williamson himself pointed out after the first game.All in all, another high-scoring game will be up for cards on Sunday with bowlers expected to make the difference between the two sides. IANSAlso Read: India, Brazil sign pacts to boost strategic partnershipAlso Watch: Stage Set for Republic Day 2020 Celebrations in Guwahatilast_img read more

Unruh hosts talk on immigration and college costs

first_imgAlexandra Ting | Daily TrojanGet political · Panelists spoke on topics students said they wanted to discuss, from immigration to college tuition.Students, faculty and guest speakers gathered to discuss immigration and college affordability at Doheny Memorial Library on Thursday evening. The event, titled “Issues Facing Millennials: Listen, Talk, #JustVote,” was sponsored by the Jesse M. Unruh Institute of Politics in partnership with ProCon, Participant Media, USC College Democrats and USC College Republicans.The panel consisted of campaign for Free College Tuition President Morley Winograd, California Community Foundation Program Officer Rosie Arroyo, The Association of Independent California Colleges and Universities President Kristen Soares, California College Republicans Chief of Staff Robert Petrosian, USC College Democrats member Jeremy Salley and USC College Republicans President Tiffany Hoss.Unlike prior Unruh Institute events, this panel’s design was based on a survey asking USC students about the issues that matter most to them in the upcoming presidential election. The two most popular issues were pathways to citizenship and student debt. The event began with a discussion about the importance of the millennial vote. Moderator Dan Schnur, the director of the Unruh Institute, said that he is often asked whether one vote is going to make a difference. In response, he compared the concept of voting to recycling, in that one person may not singlehandedly save the planet by separating paper from plastic, but that together a large number of people can make change.“It’s the same concept with voting,” Schnur said. “It’s important to know that your vote really does matter, particularly on those issues that are important to you.”The conversation then shifted from voting to college tuition, specifically regarding free tuition at public universities.“Hypothetically speaking, if every student in California were allowed to go to a public university like UCLA for free, it would most likely disenfranchise minority students,” Salley said. “That’s because of admissions. Instead of 100,000 students competing for spots, you’d have 300,000 students competing.”Hoss agreed that student loans are an issue, but said that there are alternatives to free tuition at public universities. Hoss said that universities are spending money on things that are not associated with academic progress, like drivers and athletic programs, which leads to higher tuition prices.“It’s important to get major transparency on where the money is going to so we can lower student debt,” Hoss said. “We could create work-study programs for students. If they commit to working for the government for two years, then the government should subsidize their tuition.”The final topics covered were immigration and a pathway to citizenship. Arroyo said that although undocumented immigrants face challenges in the current U.S. climate, she is hopeful that the situation will improve in the future. “Our country is at an inflection point,” Arroyo said. “I think reform is going to happen but it’s just a matter of time, as there’s a lot of stake in the upcoming election. But California has made progress by embracing a pro-immigrant agenda and giving undocumented immigrants a driver’s license.” Petronian, however, explained his hesitation to guarantee a national pathway to citizenship, and instead proposed that the changes start state by state.“Immigration reform hits some parts of the country a lot harder than others,” Petrosian said. “In California, there is far greater catering towards the interests of undocumented individuals, whereas in some other parts of the country, a lot of people might not have seen an immigrant in their life. Because of that disparity, there’s not enough unity in Congress for there to be a solution that will satisfy everybody.” The USC Jesse M. Unruh Institute of Politics holds events every week as part of its Road to the White House series. Next Tuesday, the Institute will register voters by Tommy Trojan from 10 a.m. to 2 p.m.last_img read more

People evacuate buildings after USC campus gas leak

first_imgA gas leak on McClintock Avenue near Downey Way prevented traffic flow and pedestrian access on Monday morning. A construction vehicle hit a gas line, according to USC Fire Safety and Emergency Planning Specialist Steve Goldfarb.Department of Public Safety was notified at 7:18 a.m. and immediately responded to clear the area. At 8:50 a.m., the gas leak was stopped and no further issues were reported. The Los Angeles Fire Department was on the scene.Goldfarb said the leak prompted the evacuation of Seeley G. Mudd Building and Ray R. Irani Hall as a precaution and prevented some students from attending class.“I was a little bit worried hearing that there were gas leaks around campus,” said Oliver Kashyap, a sophomore majoring in biochemistry. “It was actually kind of nice because we had a test the next day and now it’s less to learn before the test.”No injuries or medical issues were reported, according to DPS Assistant Chief Carlisle.“At no time was the air quality at a point where we needed to do any other evacuations,” Goldfarb said.The Southern California Gas Company will conduct its own investigation into the gas leak. The company did not respond to repeated requests for comment.Chris Gilbride, a spokesman for the Southern California Gas Company, told ABC7 that a construction vehicle hit a two-inch plastic natural gas service line, causing a leak and ultimately an evacuation of the area.Arianna Scavone contributed to this report.This article was updated at 11:17 p.m.last_img read more

Syracuse loses 5th straight game in 1-0 loss to No. 16 Notre Dame

first_img Published on October 8, 2015 at 10:55 pm Contact Tomer: tdlanger@syr.edu | @tomer_langer Syracuse struggled again in a 1-0 loss to Notre Dame on Thursday night, SU’s fifth straight loss.For the eighth time this season, the Orange (4-9-1, 0-5 Atlantic Coast) was unable to score a goal, and gave up 18 shots to the No. 16 Fighting Irish (9-3-1, 2-3-0) at Alumni Stadium in South Bend, Indiana.In the 16th minute, Notre Dame forward Sandra Yu tracked down a 25-yard cross and headed a goal toward the left post, giving the Fighting Irish all the cushion it would need.Six of the 18 shots that Notre Dame put up came on goal. Goalkeeper Courtney Brosnan recorded five saves.On offense, SU wasn’t able to pose much of a threat. The Orange only managed one shot in the game. The shot, which wasn’t on goal, came off the foot of freshmen forward Eva Gourdeau, who was making her first appearance of the season.AdvertisementThis is placeholder textThe Orange suffered back-to-back 1-0 losses for the third time this season. Through five ACC games the Orange has been outscored 13-2.Syracuse looks to snap its losing streak on Sunday when it travels to play Pittsburgh at 1 p.m. Comments Facebook Twitter Google+last_img read more