Norway’s Government Pension Fund Global is the most active of sovereign wealth funds (SWF) when it comes to engaging with listed companies, a survey by BNY Mellon has found.According to the bank’s annual investor relations survey, 65% of companies said they had been approached by or engaged with SWFs during 2015, up by 8 percentage points since 2013.It found that 42% of companies had contact with Norges Bank Investment Management (NBIM), responsible for Norway’s NOK7.1trn (€733bn) sovereign fund, once again ranking as the most active of SWFs captured in the survey.Singapore’s GIC approached 38% of respondents and the Abu Dhabi Investment Authority 30%. Fellow Singaporean sovereign investor Temasek Holdings came a distant fourth, with 18% of companies reporting correspondence with it, while 16% reported activity from the Kuwait Investment Authority.Christopher Kearns, chief executive of BNY Mellon’s depositary receipts businesses, said that while companies continued to build on existing engagement with companies, there had been an “interesting” shift in behaviour.“Responses indicate that, after a post-crisis period focused almost solely on investors amid intense competition for capital, companies now are devoting more time to other [investor relations] activities, such as board member involvement, enhancing senior managers’ visibility and improving relationships with analysts.”NBIM, one of the world’s largest asset owners, has stepped up its focus on corporate governance in recent years.It now publishes its voting intentions for select votes ahead of meetings, rather than simply disclosing how it voted after the fact.In 2014 alone, NBIM held 2,641 meetings with companies, voting at 10,519 general meetings.However, there have been calls for NBIM to be even more assertive in its engagement efforts.Speaking to IPE after the Norwegian Ministry of Finance indicated the sovereign fund could soon increase its equity allocation, Rob Lake, who in 2013 helped review the fund’s responsible investment (RI) strategy and led the RI team at Dutch pension manager APG, said the sovereign fund’s caution currently held it back.“Given their scale, a slightly more assertive position might be appropriate,” Lake said.“But it’s always a delicate balance for them because big public statements by an investor of that kind can be very destabilising – and that isn’t desirable either.”
The debt has an eight-year maturity and is amortising.The plant has a contract for a difference (CFD) supported by the UK government; CFDs are agreements intended to provide greater certainty and stability of revenues to energy producers.Finnvera, Finland’s export credit agency (ECA), has provided a guarantee of the debt.It was highlighted as a rare CPI-linked transaction, with Macquarie noting that debt transactions in the ECA financing market typically paid fixed or LIBOR-based floating coupons.In the UK, inflation-linked debt – government and corporate – tends to be linked to the Retail Prices Index (RPI) rather than the CPI, at least as concerns public deals.Elizabeth Cain, debt origination analyst at PIC, said: “This investment is not only an important piece of UK infrastructure but also provides a high-quality, long-dated debt investment to support payment of pensions as part of our prudent investment strategy.“It also represents one of a small number of CPI-linked transactions in the market, which PIC has been at the forefront of developing with a view to supporting UK pension schemes seeking to transfer their CPI-linked liabilities.”A spokesman for PIC told IPE it was aware of only three other public CPI-linkers, including a 2015 secured debt issue, in which PIC invested, to finance retirement housing for the Church of England.Macquarie noted that the CPI-linked indexation formula used in the Teesside transaction hedges the energy plant’s CPI-linked revenues under the UK’s CFD regime.PIC last year invested £75m in airline debt issued by Virgin Atlantic Airways. Earlier this year, it announced its involvement in a £40m social housing debt deal. The UK’s £18.4bn (€21.4bn) Pension Insurance Corporation (PIC) has bought £100m of debt that will go towards a renewable energy plant in the north of England, with the debt structured as a rare Consumer Prices Index-linked transaction.The debt issue raises financing for the construction of Teesside Renewable Energy Plant, in Yorkshire.It is planned to be a 299-megawatt wood chip and pellet-fuelled power station to generate electricity for the equivalent of 600,000 homes, 24 hours a day.Macquarie Specialised Investment Solutions (MSIS) structured the deal, with the pensions insurer buying the entire £100m tranche.
Share 17 Views no discussions NewsRegional Grenada opposition leader hints at early elections by: – June 8, 2011 Tweet Share Sharing is caring! Share Dr Keith Mitchell speaking to women supporters at a seminar on Monday ST GEORGE’S, Grenada — Political leader of the opposition New National Party and former prime minister of Grenada, Dr Keith Mitchell, has hinted at an early poll by the ruling National Democratic Congress (NDC) administration.Speaking to hundreds of women supporters at an NNP Women’s Seminar at the Grenada Trade Centre on Monday, Mitchell stated that it is important that members of his party prepare themselves for what seems to be a trend toward the calling of elections in Grenada prior to the constitutional due date.Mitchell called on his followers to ensure that they are registered to vote and that they not only find their own names on the electoral list but ensure that all names that should not be there are removed.He spoke of what he described as illegal moves by the Electoral Office to purchase, install and attempt to use equipment for the electoral process for which there is no provision in the laws of Grenada.The NNP leader spoke of his party having blocked the process thus far in the Parliament which led to the setting up of a committee to look at the draft legislation regarding the new proposed voter registration process.Responding directly to statements in some quarters that individuals will not be allowed to vote unless they have in their possession a valid voter identification card, the opposition leader referred to the statement as nonsense, as laws could not be implemented before they are passed. As such, he stated that moves by the Electoral Office to inform people of a law that is not yet passed is improper.Mitchell also referred to the Financial Intelligence Unit (FIU) Act, which was brought to Parliament by the NDC administration and which rescinded the 2003 Act that established the FIU. He called the act unconstitutional and referred to it as nothing more than a tool to be used by the government to harass opposition members. The NNP leader stated that, according to the constitution of Grenada, the powers of arrest in Grenada lay with either the Director of Public Prosecutions (DPP) or the Commissioner of Police (COP).He further declared that these powers are unconstitutionally vested in the hands of the director of the FIU, along with the power to seize bank accounts of individuals, among other things. He also stated that the Act gives immunity to the head of the FIU, thereby opening that office to gross abuse on the part of the holder, since they cannot be held accountable for their actions.Mitchell has stated that his party will challenge the legality of the new legislation while at the same time calling on the NDC administration to implement the already passed Integrity in Public Life and Anti-Corruption Legislation.Caribbean News Now
The suspect was detained in the lockup facility of the Murcia municipal police station. His apprehension was staged on the strength of an arrest warrant, the police added. A P100,000 bail bond was recommended for his temporary liberty./PN BACOLOD City – Charged with robbery, a man was arrested in Barangay Caliban, Murcia, Negros Occidental. Hernani Talaman Jr., 40, of Barangay Lopez Jaena, Murcia was caught around 9:20 p.m. on June 23, police said.
CONNERSVILLE, Ind. – A woman is facing drug charges after authorities raided a Connersville home Tuesday night.State troopers obtained and conducted a search warrant in the 3200 block of Central Avenue around 10 p.m.As a result Tabitha Belt, 32, was arrested and charged with Possession of Methamphetamine (Level 6 Felony) and Maintaining a Common Nuisance (Level 6 Felony).Investigators say more further charges and arrests could be made pending prosecutor review of the case.
Alta Laker Boyce, 97, of Milan passed away Thursday, March 19, 2020 at Ripley Crossing in Milan. Alta was born Tuesday, November 14, 1922 in Lawrenceburg, Indiana, the daughter of Thomas and Anna Stahl. She married Elmo Boyce and he preceded her in death. Alta was a homemaker and a member of Trinity Lutheran Church in Dillsboro. She was a member of the American Legion Ladies Auxiliary; and enjoyed reading, singing, and puzzles.Her family included: step-son Mike Boyce of Aurora; step-daughter Brenda Boyce Morris of Moores Hill; step-daughter-in-law Bonnie Boyce of Sunman; five brothers; and two sisters. Family members who preceded her in death include her husband Elmo; parents Thomas and Anna Stahl; and step-son Alan Boyce.In order to help protect the health and well-being of families and friends during this health crisis, Alta’s family has opted for a private burial service at this time. Memorials may be given in honor of Alta to the donor’s choice in care of the funeral home. Filter-DeVries-Moore Funeral Home entrusted with arrangements, Box146, Dillsboro, IN 47018, (812) 432-5480. Please reach out to the family through our website at www.filterdevriesmoore.com to leave an online condolence message.
For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. Ulan Ude: India’s Manju Rani (48kg) on Monday advanced to the quarterfinals of the World Women’s Boxing Championships after a comprehensive victory in the last-16 stage in Ulan Ude. The sixth-seeded Indian prevailed 5-0 over Venezuela’s Rojas Tayonis Cedeno to stand just one win away from securing a medal in her debut at the big event. However, next up for her is a tough one in last edition’s bronze-medallist and top seed Kim Hyang Mi of South Korea. The two will clash on October 10. Clean punches were few and far in Rani’s clash against Cedeno but the Indian was the one fetching most of them. Both the boxers stuck to a defensive approach but Rani was the more accurate of the two. Rani is a silver-medallist from the prestigious Strandja Memorial boxing tournament in Bulgaria earlier this year. In the second and last Indian bout of the day, Manju Bamboriya (64kg) was up against fourth-seeded Italian Angela Carini. She put up a spirited fight but the European Championships silver-medallist was just too strong for her. The Indian went down 1-4 in a split decision. Also Read | Amit Panghal Creates History, Becomes First Indian To Win Silver In Boxing World ChampionshipsOn Tuesday, six-time champion M C Mary Kom (51kg) will begin her campaign by taking on Thailand’s Jutamas Jitpong in the round of 16. The third-seeded Indian got a bye in the opening round. In the 75kg division, former silver-medallist Saweety Boora (75kg) will square off against second-seeded Welshwoman Lauren Price.Also Read | ‘Indian Boxing Headed In Right Direction, Will Do Well In 2020 Tokyo Olympics’Price is a European Games gold-medallist and fetched a bronze in the last edition of the world showpiece. She is also the reigning Commonwealth Games champion besides being a three-time bronze-medallist at the European Championships.
The Chairman of Lagos State Badminton Association and President-elect of the national body, Francis Orbhi, at a press conference yesterday said the classics will attract a great assemblage to best players in the world and its a unique platform for Nigerian players to compete for honor and at the same time improve their individual ratings.“This is the third edition of the classics and prize money is the highest to be won on the continent of Africa. Several top world-class players from the counties participating will be on hand to display their prowess on the court later this month.“I will want to advise all Nigerian players to make best use of this platform provided by Lagos State Government coming especially in the wake of economic recession facing the nation today,” he remarked.The other participating countries are, Israel, India, Italy, Egypt, Uganda, Cameroon, Ghana, Republic of Benin, Sri Lanka and Portugal.The chairman explained that the highest ranked player for the tournament are Masha Zilberman (48) of Israel, Subhalan Dey (73) from India and Rosano Maddaloci (152) from Italy. In the ladies section are Hadia Ann (86) from Egypt, Grace Gabnel and Dorcas Adenekan (298) both from Nigeria.The total envies for the male event is 75 while 36 ladies will do battle in the other section.The Badminton Classics was introduced in 2014 but failed to hold last year due to the economic recession facing the country.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram After several months of intensive preparation, all is now set for the third edition of Lagos International Badminton Classics with Nigeria leading 10 other countries to the annual event.However, the high point of the tournament is the increase in the total prize money from $15,000 to $20,000 which is the biggest on the continent. The event will hold from 26th to 29th of this month at the Molade Okoya-Thomas Indoor Sports hall of Teslim Balogun Stadium in Lagos.
The Lakers scored in 11 of 16 events with a well-balanced attack that included top-two finishes in both track and field events.The 4×200 meter relay team had one of the best performances of the day, finishing second in a season best time of 1:55.46. Grace Dolan led off with a personal best time of 28.3 seconds, followed by Molly Dolan (30.3), Chloe Smith (28.5) and anchor Savannah Johnson (28.2).Each of the girls also contributed strong performances in individual events, led by Smith, who finished second in the long jump at 15 feet 8 ¾ inches and fourth in the 55 meter dash at 7.84 seconds. by Kurt WheelerThe Cazenovia girls indoor track team wrapped up 2019 with another strong performance, finishing first among all Class B/C/D schools and third overall among 18 teams in the morning session at the George Constantino Memorial Invitational at Onondaga Community College’s SRC Arena on Dec 21.Only Class AA Fayetteville-Manlius (166 points) and Class A Jamesville-DeWitt (66) finished ahead of the Lakers, who ended up with 55.5 points. Tags: Cazenoviagirls indoor track Grace Dolan took fourth in the 600 at 1:52.20 while Molly Dolan (48.97) and Johnson (46.56) both ran well in the 300 meter dash.Claire Edwards was the Lakers’ other top performer in the field events, taking second in the shot put at 29’9 1/2”. Lili Sorbello led the way in the weight throw at 25’10”.Carley Lounsbury took fifth in the pole vault at 6’6”, while Ava Gavitt led the team in the triple at 28’8” and Lili Gavitt was tops in the high jump at 4’6”.Melanie Michael earned fourth in the 55-meter hurdles in 9.82 seconds with Lili Gavitt close behind to capture seventh in 10.14. Michael also led off the Lakers’ fourth place 4×400 meter relay, passing the baton to Ainsley Schug, Kiara Dolan and anchor leg Katie Whitney (1:10.6) for a total time of 4:49.28.Molly Hart led the team in the distance events, scoring in both the 1,500-meter run (sectional qualifying time of 5:20.30) and 1,000-meter run (3:28.02).Claire Braaten (5:30.26 in the 1,500 and 3:28.80 in the 1,000) and Ava Hartley (5:34.04 in the 1500) were also outstanding for the Lakers in those events while Nadia Segall led the team in the tough 3,000-meter distance (12:51.29).Hartley returned to anchor Cazenovia’s 4×800 meter relay to a fifth place finish with a 2:43.3 leg. Anna Reger, Mia Chesbrough and Ella Huftalen also contributed to the team’s 11:25.26 total to cap the Lakers’ scoring.Cazenovia finished first among small schools in each of their first three meets to open the 2019-20 campaign, placing in the top three overall every contest.Now the Lakers will have two weeks to train over the holidays before returning to action at OCC on Jan. 4 at the John Arcaro Memorial Meet.Share this:FacebookTwitterLinkedInRedditComment on this Story
With the 2012 presidential election over, students, faculty and alumni dined Thursday night over a post-election panel discussion with top campaign strategists and student organizers at the Davidson Conference Center.Post mortem · Panelists Larry Grisolano (left), Kaya Masler, Greg Sefain and Alex Yebri break down the 2012 election cycle in a discussion moderated by Dan Schnur (far right), director of the Jesse M. Unruh Institute of Politics, at the Davidson Conference Center on Tuesday. – Mindy Curtis | Daily TrojanThe event, hosted by the Jesse M. Unruh Institute of Politics, began with an introduction by USC College Democrats President Aaron Taxy and USC Trojans for Romney Executive Director Greg Sefain, both of whom highlighted the enormous amount of work exerted by students in supporting both campaigns in 2012.The panel featured Larry Grisolano, a senior advisor for President Barack Obama’s 2008 and 2012 campaigns; Bob Wickers, a senior advisor for the Mitt Romney’s 2012 campaign; Kaya Masler, president of USC Students for Barack Obama; and Alex Yebri, president of USC Trojans for Romney, The panel was moderated by Dan Schnur, director of the Unruh Institute.Schnur started the discussion by looking at the beginning of the election. To Wickers, the Republican primary served as a significant hurdle for the Romney campaign.“It just entailed a very long, very expensive primary,” Wickers said. “There’s no sense complaining about it. You have the cards and you play them.”Though Romney was perceived as a strong candidate on economic issues, Yebri said he believed the governor’s main challenge was gaining the public’s trust.“People knew the economy wasn’t doing well,” Yebri said. “But they didn’t know if they could trust Romney on key issues.”After discussing the start of the race, the panel discussion changed focus to the subject of key voters in the election, particularly women and minority groups. Masler said she believes changing American demographics served as one of the major structural limitations for the Romney campaign.“The structure is looking different than it did four years ago,” Masler said. “We see people vote who would have never voted before. That was an advantage for the Obama campaign having some experience with that in 2008.”Looking to the future, the panel discussed the possible challenges and opportunities in the 2016 election. Masler said Democrats should be wary about reading too much into any demographic advantage.“Obama is going to have to do something big,” Masler said. “He has held a lot of people’s hopes and dreams for a really long time now. As Democrats, it would be really unwise for us to take this shift in minority votes to assume that we will win elections from here on out.”Yebri, however, acknowledged that the Republican Party needs to adjust its strategies as a result of changing demographics.“We have to embrace it — we have to compromise,” Yebri said.Looking forward, the panelists discussed the challenges that both parties will face in the next presidential election. Despite these challenges, Yebri remains optimistic about the Republican Party in 2016.“I see a lot of optimistic, beneficial people who can come to the forefront and change the vision of the Republican Party,” Yebri said.Wickers highlighted the challenge Democrats will face in energizing a coalition that has been very loyal to Obama.“It’s going to be very hard for Hillary Clinton to hold,” Wickers said. “It’s going to be very hard for Joe Biden to hold.”According to Wickers, the next election will have to be a grassroots effort.“It’s got to be friend to friend, neighbor to neighbor,” Wickers said. “It can’t just be paid advertising.”In closing, the both guest speakers left the audience with the big takeaways from the 2012 election cycle.The power of social media, Wickers noted, was biggest takeaway in this election.“We have this new thing that is social and dynamic,” Wickers said. “For me, I think Twitter has been the most powerful thing to come out of this election.”Grisolano said a more knowledgeable electorate will allow for elections that focus more on important ideas and issues.“There’s a more sophisticated electorate than ever before,” Grisolano said. “There’s a smarter electorate out there that is more accessible to a thoughtful candidate with a concrete vision and an idea of how to get there, and I think we can have a more ideas election because of it.”