Elwin joins USS from JP Morgan Cazenove, where he accumulated more than 19 years’ experience in equity research, valuation and accounting.He was most recently deputy head of European research.“Extracting him from there was quite a coup, really,” said Fernando.She said Elwin’s role was to help the investment team “get better at the investment process”.The idea is that this will boost returns at the £49.8bn (€63.4bn) scheme, which invests around £20bn in equities.“The thinking,” Fernando told IPE, “is that, over the long term, we’ve added significant value for the scheme and our members by being an active manager. We think it’s about 70 basis points per annum over 10 years, which adds up to about £800m of additional returns to our members, which is pretty significant.“But we can see that we were systematically leaving returns on the table.”Fernando said there was too much focus in the industry in general on the outcome of investment decisions rather than the process leading to the decisions.In a statement, she said: “The head of research will help each team member achieve the very best outcomes they can by facilitating objective discussions on what aspects of their process consistently add value, analysing what we could do or have done differently to improve our outcomes and ensuring we systematically implement each step in our process to the best of our ability.”The hypothesis, she told IPE, is that, “if we have a good process and we execute it consistently, we’re much more likely to get good investment outcomes out of it, which will be incrementally positive to the returns to our members”.The focus on an enhanced investment process and the associated creation of the head of research role are steps the scheme felt it could take as a long-term investor with substantial in-house expertise, according to Fernando.“The market is like a treadmill, and that ability to stop and reflect just doesn’t exist unless you make it happen,” she said.“I and the heads of portfolios were trying to do this, but we just weren’t creating enough space to do it properly, so we agreed that it would be helpful having someone whose sole job was to focus on that […].“Because we’re longer-term investors, we should be able to carve out a bit of time that takes us off that treadmill of quarterly results.”Upping convictionThe creation of the head of research role is part of new approach to equity investment at USS, under which it will run a more concentrated, fundamental, research-driven portfolio.It carried out analysis at the end of 2015 that showed it would have added around 1% to its returns by only owning its largest overweight positions and skipping out on smaller overweight positions.Fernando said: “Recycling that capital from low conviction back into high-conviction [positions] would have added probably another £100-odd million to member returns. At the end of the day, we’re here to make money for our members.”The new focus on high-conviction equity investing will come via an organisational structure for fundamental, research-driven portfolios; the other part of USS’s equity allocation is in internally managed factor portfolios.The fundamental, research-driven portfolios are split into a global emerging market portfolio and a global developed market portfolio, which has been the main target of the change in organisational structure and investment philosophy, according to Fernando.“Within that global developed-market portfolio, we now have a single decision-maker for the [geographic] sleeves, whereas before some of the portfolios were run more in a committee-type format,” she said.“The team supporting those portfolios and those decision-makers have each been allocated areas of responsibility so you make sure people are incentivised to do the best they can within their area, and they know exactly what is expected of them.”The new investment approach was discussed with the equity team in late 2015 and “really came into place in earnest late February, early March”, she added.Fernando said a timetable had been agreed with the board that gave its investment manager until December 2017 “to get us from the legacy state to the new state”.The aim is that, by then, the global developed market portfolio will comprise around 120 stocks, whittled down from the 300-odd holdings in the legacy portfolio.In a statement, Elwin said: “This is an exciting new role and really quite unique in the industry.“It’s not just about validating recommendations but rather helping the portfolio managers and analysts develop a sophisticated understanding of the many different steps in the investment process and really make their investments work hard for the UK’s academic community.”USS’s former deputy head of equities recently joined West Midlands Pension Fund, and Fernando said the scheme’s investment manager would not be directly replacing him. The UK’s largest pension fund, the Universities Superannuation Scheme (USS), has created the role of head of research with the aim of improving its in-house equity investment process as part of a shift towards a more concentrated, “high-conviction” portfolio.Peter Elwin has been appointed to the role, having started on 31 October.His position spans the equities and responsible investment teams.If his appointment proves successful, the role could be extended to take in public credit and private markets, according to Elizabeth Fernando, head of equities at USS.
The pool and the outdoor entertaining area at 108-110 Cocos Drive, Ningi. Picture: Supplied. THIS is the ultimate home for the true blue Queenslanders out there. You can watch the footy from the pool, park the boat and jet ski in the big shed, put the project car up on the two-post hoist, shoot pool in your own bar, and then knock up some pizzas in the outdoor kitchen. All while the children run amok on the 4,000sq m block. Or just hook up the boat and head 10 minutes to the nearest boat ramp for a day of fishing. Owners Damien and Charlene Benbow built the home on 4000sq m at 108-110 Cocos Drive, Ningi three years ago with their family of four in mind. The home is three years old and looks like new. Picture: Supplied. Mrs Benbow said her favourite part of the property was the alfresco area.“It blends seamless with the rest of the house and we have our pool under the roof,” she said. “We’ve included things like a pizza oven, outdoor kitchen and infra-red heaters so it can be used all year round.” Inside the home, a big kitchen has Smeg appliances, Caesarstone benchtops and a butler’s pantry. The open-plan living and dining area opens through bi-fold doors to the outdoor entertaining area. The home theatre has sound proofing and there is plenty of room for a pool table in the rumpus room with built-in bar. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019 The kitchen includes stone benchtops and a butler’s pantry. Picture: Supplied. The property comes with ducted airconditioning, a full perimeter fence, electric gate, CCTV and a 6kw solar system The home is 10 minutes from the ocean and 10 minutes from the M1.Marketing agent Carolyn Drane, of Acreage and Lifestyle Property Beachmere, said the property was “like new”“It has been designed and built around entertaining and family,” she said. The outdoor kitchen includes a pizza oven, fridge and barbecue. Picture: Supplied. The master bedroom overlooks the pool and has a walk-in wardrobe and ensuite. The remaining bedrooms are located away from the main bedroom, along with a TV room and office. Outside, the entertaining area includes a pizza oven, barbecue, fridge, sink, TV with surround sound and pool with spa seat and wading area. The three-bay shed has three-phase power and is set up to run a business, while the driveway can take heavy machinery and trucks. The three-bay shed and driveway can take heavy machinery. Picture: Supplied. Ms Drane said there had been strong local and interstate interest in the property, with buyers seeing great value for money. “It presents like a show home and where else can you get such value-packed property so close to the beach and the city,” she said.
Have you wondered how much money is available for college teams to have their games televised on networks like ESPN? One 12-team conference reportedly has a 155 million dollar TV contract for its 12 members to share. This amounts to about 12.9 million per school. This money is only for the regular season and does not include any bowl games or NCAA basketball tournament games in which the conference schools might participate.Now we have individual conference networks. The BTN (Big Ten Network) has been in operation for several years now and prompted the conference to add Rutgers and Maryland so they could reap the benefits of an East Coast audience. The SEC (South Eastern Conference) has its own network, and schools such as Kentucky even broadcast practices and scrimmage games. Who knows how much money they bring in from these broadcasts?Since the Big 5 conferences have been given permission by the NCAA to make some of their own rules, the sky might be the limit as to what they will do to keep the big bucks coming. The smaller conferences have reason to worry because they must scrape and scratch to pay for their programs. This is why the Mid American Conference is willing to play games on weekday nights so ESPN will televise them. I could not find how much ESPN pays for these games, but it must be quite profitable.
STRAFFORD, N.H. – The signage experts at AMI Graphics mark a decade of support of IMCA and its sanctioned race facilities in 2018.The full-service sports facility and event signage company is The Official Signage Supplier of IMCA and again provides wholesale direct pricing on items ranging from vinyl and mesh banners to decals, adhesive prints and vehicle wraps.Located in Strafford, N.H., AMI is in the first-year of a new three-year pact with IMCA that runs through 2020.Information about AMI signage is available at the www.amigraphics.com website and by calling 603 664-7174.
15 other individuals were suspected of having the virus in Florida but all have tested negative.Stay with 850 WFTL for the latest. Florida Department of Health officials are reporting 2 ‘presumptive positive’ cases of COVID-19 infection in the Tampa Bay area Sunday night.The news comes on the heels of the second COVID-19 death in the U.S. after another Washington state succumbed to the virus.The results of the Florida tests, originating from patients in Hillsborough and Manatee counties, will be sent to the federal Centers For Disease Control in Atlanta for confirmation.Gov. Ron DeSantis will travel to the Tampa area and Miami on Monday to discuss the ongoing statewide response to the Coronavirus with state and local officials.Tomorrow I will be in Tampa and Miami with Surgeon General Rivkees and other officials to discuss our continued statewide response on #COVID19. https://t.co/sMrWkQlyoi— Ron DeSantis (@GovRonDeSantis) March 2, 2020 The Florida Deptartment of Health contends that they are well prepared to handle the COVID-19 outbreak and that the two Florida patients have “been isolated and are being appropriately cared for.”State health officials announced 2 presumptive positive #Coronavirus cases in FL.My top priority is the health of Floridians. I’ve been in contact with federal, state & local officials & am confident they have the resources to keep families safe. But everyone must stay vigilant. https://t.co/litKz4rQe8— Rick Scott (@SenRickScott) March 2, 2020
For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. New Delhi: After being overlooked for the Rajiv Gandhi Khel Ratna award, one of the iconic Indian wrestlers Bajrang Punia met Sports Minister Rajyavardhan Singh Rathore and said he has been given assurance that the wayward case would be looked into and taken into consideration.“I was supposed to meet the Minister today but suddenly we got a call last evening for the meeting. I asked the Minister about the reason for not considering me for the Khel Ratna. He said I didn’t have enough points which is wrong. I have garnered more points than the two (Virat Kohli and Mirabai Chanu) who were nominated,” Bajrang told PTI.ALSO READ: Asia Cup 2018, India vs Bangladesh: Preview and Probable Playing XIIndian cricket skipper Virat Kohli have ‘zero’ points under his belt while weightlifter Mirabai Chanu have 44 points in her bag for 2018 Rajiv Gandhi Khel Ratna award while Bajrang Punia – gold medallist at both Commonwealth Games and Asian Games – have a total of 80 points, which is also the highest. Virat Kohli obtained ‘zero’ points while reigning world champion weightlifter Saikhom Mirabai Chanu earned 44 points on way to being named for this year’s Rajiv Gandhi Khel Ratna by the 11-member selection panel. Yet in a shocking turn of events, the 11-member panel decided to snub the star weightlifter for India’s highest sports award.Kohli’ performance tally had zero points as no criteria has been set for cricket, as per TOI.ALSO READ: BCCI reveals reason behind India playing all matches in Dubai“I have been wronged. I want justice. The Minister said he will look into the matter but there is hardly any time left for the award function. I will wait till evening for communication from the government’s side. If I don’t get a favourable reply by evening I will move court tomorrow,” he added while his coach and another legend in the field of weightlifting Yogeshwar Dutt accompanied him in the meeting.Bajrang Punia bagged gold at the Gold Coast Commonwealth Games and Asian Games in Jakarta. He had earlier clinched silvers in 2014 editions of the abovementioned games. 2013 World Championship bronze is another medal which lists on his impressive CV.ALSO READ: Virat Kohli to make Bollywood debut? Releases poster with cryptic postThe National Sports Awards is set to be awarded on September 25 in 2018 instead on the birth anniversary of Major Dhyan Chand – August 29 – as the dates were clashing with the 2018 Asian Games.
By Rajiv BisnauthTHE Caribbean Premier League (CPL) provides youngsters with an opportunity to rub shoulders with the very best in the cricketing fraternity and draw from their vast pools of experience.Since its inception in 2013, it has given a lot of youngsters the opportunity to showcase their mettle in front of a global audience, and has allowed these cricketers to make the most of their acquired skills while securing the future of those who are not fortunate enough to make it to the top.However, for budding right-arm seamer Romario Shepherd, the opportunity to play in the seventh edition of the CPL is another great stepping stone to his promising career.Shepherd, one of five Berbicians and eight Guyanese, was selected for the home franchise, Guyana Amazon Warriors, for the second time. The 34-match season starts later this year, with the opening match happening on September 4 and the final on October 12.During an exclusive interview with Chronicle Sport, the strongly-built youngster noted that the CPL provides a great platform for cricketers, and he is grateful for another opportunity.“It’s always a great feeling to play for your home franchise, and with Guyana being one of the most respected and well supported team, I’m happy to be a part of them,” the 24-year-old said.Shepherd played three matches in the latter part of the 2018 tournament, and while he admits that the opportunity was limited, it was an unnerving experience.“Too many opportunities hadn’t come my way last season, but it was a great learning curve. Obviously, I am hoping for more opportunities this time around, so I can contribute more to the team and at the same time showcase my trade to the world,” he reckoned.Having played 21 first-class matches, Shepherd has already grabbed 67 wickets, including two five-wicket hauls. In his ‘List A’ career, he has taken 24 wickets in 18 matches. However, Shepherd is eager to make a big impact in his T20 career.“Once I get the opportunity, I want to take wickets … I want to feature more in this format, a format I truly love; But having said that my ultimate goal is to play international cricket (Test and One Day) for the West Indies,” he concluded.Guyana Amazon Warriors, one of the most consistent franchises in the CPL, are yet to win a title, despite reaching the final on four occasions.Meanwhile, Nicholas Pooran has been signed by Guyana Amazon Warriors as their marquee player.The Trinidadian wicketkeeper/batsman played for the Barbados Tridents last year, but in a big move for him and the franchise, he will be playing for the Guyana-based team in 2019.Pooran has played 11 T20 Internationals for the West Indies and has become a fixture in T20 tournaments around the world. He is also a member of the West Indies squad for the 2019 ICC Cricket World Cup.This is the third CPL team that Pooran will represent, having started his career with the Trinbago Knight Riders before moving to the Barbados Tridents.The full 17-member squad reads: Shadab Khan, Nicholas Pooran, Shoaib Malik, Shimron Hetmyer, Ben Lauglin, Chris Green, Keemo Paul, Sherfane Rutherford, Brandon King, Romario Shepherd, Odean Smith, Keagan Simmons, Chanderpaul Hemraj, Veerasammy, Permaul, Anthony Bramble, Clinton Pestano, and Saurab Netravalkar.
BRYAN FAUST/Herald photoWhen UW head softball coach Chandelle Schulte and her team reconvenes for fall practice in the upcoming weeks, the Badgers will truly boast world-class talent.Right-fielder Katie Hnatyk has spent the summer rubbing elbows with the best the softball world has to offer as a member of the Canadian Senior National Team. Hnatyk, a native of London, Ontario, has racked up the frequent flyer miles as well — her team played in the U.S. World Cup of Softball in Oklahoma City and exhibition matches in Texas and Connecticut before the World Championships in Beijing, China.”My overall experience has been great,” Hnatyk said in an e-mail from Beijing. “I feel as though I have improved so much here working with great coaches … and [playing] against the best in the world.”That is good news for UW, as an improved Hnatyk will only aid an offense that struggled at times to score runs last year.Though only a junior-to-be, Hnatyk finds herself ready to blow away the school record for career home-runs — her two-year total of 19 is only one behind the record held by two others — and is on pace to set the school RBI mark.Hnatyk put that power on display for the world to see when she homered off of Great Britain’s Stacie Townsend during the World Cup of Softball.”It was pretty cool,” Hnatyk said of the round-tripper. “Being able to perform on that stage was pretty neat.”According to Schulte, Hnatyk worked hard last season to become a more complete hitter, and the results were evident.”She can understand hitting now, where before, I think, she would go up there without a purpose,” Schulte said. “But now she could take you out now and teach you.””The one-on-one attention she got was terrific, especially in hitting,” Schulte said.If all goes according to plan for Canada, this won’t be Hnatyk’s last visit to the Far East. By finishing in the top four of the sixteen-team field in the World Championships, Canada would advance to the 2008 Summer Olympic Games, which are also held in China. National teams can also qualify for the Olympics next summer via the Pan American Games. At press time, Canada was 3-1 in the World Championships.Hnatyk has mainly contributed in a supporting role as a pinch runner or hitter late in games, appearing in all three games to date and scoring twice.”She’s our fastest player home to home,” Schulte said. “When Team Canada called about her … I said ‘honestly, this kid can run.’ I think that’s part of the thing that intrigued them is that she could provide them with a utility that they didn’t have — someone who could run and could hit for power and also someone who can go in and play defense.”Qualifying for the Olympics would allow Hnatyk to realize a once-distant dream.”I told my dad all the time that it was something that I wanted to do,” Hnatyk said, “but I never actually truly believed that I would be here someday; it was just a dream.”And while nothing in her collegiate experience to date can compare with representing one’s country, one thing could come close.”With Team Canada, we are playing on one of the largest stages you can in this sport, and it is absolutely amazing,” Hnatyk said. “Hopefully, with UW we can get to the highest level possible in the NCAA. We definitely have the potential to do it.”
Facebook Twitter Google+ The Orange (14-8, 4-5 Atlantic Coast) used a balanced scoring attack — Trevor Cooney tied a game-high with 22 and three other SU players finished with 15 — and strong low-post defense to upend UND. Notre Dame was noticeably missing Demetrius Jackson, who is working back from a hamstring injury, and couldn’t keep up with Syracuse despite hitting 10 3s and shooting 41.7 percent from beyond the arc.Here’s what we learned about the Orange in its fourth win over a ranked opponent on the season.1. Maybe Syracuse can defend the postAfter Syracuse lost to then-No. 13 Virginia on Sunday, head coach Jim Boeheim was highly critical of his frontcourt’s ability to defend down low.“We cannot play defense inside, I think that’s pretty painfully obvious by now. Guys that average five points a game get 18, 19, 20 against us,” Boeheim said after the Cavaliers scored 30 points in the paint, 16 of which came from power forward Anthony Gill. “Our perimeter defense has been pretty good this year, our inside defense is non-existent.”AdvertisementThis is placeholder textThen the Orange, if only temporarily, flipped that script against the Fighting Irish. Boeheim called Zach Auguste one of the best inside scorers in the ACC and Bonzi Colson scored 31 against Duke on Jan. 16 and averaged 20.6 points in the three games heading into Thursday. But SU, with Tyler Lydon mostly manning the middle but Dajuan Coleman also chipping in, held UND to 24 points in the paint while Syracuse scored 30.Auguste finished with eight, Colson with nine and Boeheim was moderately pleased with the effort.“Well we have to try and keep it out of there and when they get it we have to get somebody on him, we’ve been letting guys get it in there and just turn and make layups practically,” Boeheim said. “… We still have a lot of work to do, I think. Hopefully we’ll get better. We need to get better.”2. The zone isn’t kind to inexperienced point guards, even if they are really good playersComing into the game, Notre Dame’s 9.2 turnovers per game ranked as the fewest in the country. But that was mostly with Jackson, who injured his hamstring in the Fighting Irish’s in over Boston College on Saturday.Without him, UND was far less careful with the ball and committed nine first-half turnovers while the Orange went on a 23-1 run and ultimately built an insurmountable 17-point halftime lead. Steve Vasturia, a highly talented shooting guard who assumed most of Jackson’s ball-handling duties, committed a game-high four turnovers. Freshman guard Rex Pflueger, Jackson’s replacement in the starting lineup, committed three.A lot of Notre Dame’s turnovers came after SU trapped in the corners. Otherwise, the zone did a good job of clogging driving lanes and stripping Fighting Irish guards as they navigated toward the rim. SU finished with 16 points off turnovers, while UND scored just eight.“What really hurt us in the first half was we turned it over nine times,” UND head coach Mike Brey said. “We lead the country in least amount of turnovers at nine, and we had nine in the first half and that’s just too deep a hole.”3. Tyler Lydon isn’t the key to Syracuse’s offense, but may hold the key to its potentialSU’s offense is capable of excelling without Lydon’s production and aggressive, which has been evident throughout its ACC schedule.But when the 6-foot-8 forward is stretching the floor and forcing defenders to run out to defend his jump shot, the Orange offense becomes capable of reaching a whole different level. Lydon scored 13 first-half points and was a key part of Syracuse’s 23-1 run after Notre Dame seized a 5-0 lead. By hitting shots early he drew the defense’s attention and, on one play, through a crisp cross-court from the block that allowed Trevor Cooney to can a wide-open 3.Lydon’s numbers remain impossible to predict, especially after he scored two points on one shot, a missed 3, in the loss to Virginia. But the Orange’s 44 first-half points was the third most its scored before halftime this season, and it’s no coincidence that Lydon was right in the middle of it. His two 3s right before the break were the punctuation mark of SU’s dominant frame.“Most teams are guarding him but they didn’t guard him,” Boeheim said of Lydon. “And it was pretty much just like the Bahamas. He got wide-open looks and he can make those shots. When they’re given he’s got to take them. I don’t think he’ll have them too many times.” Comments Related Stories Malachi Richardson continues hot streak in win over Notre DameSyracuse smashes No. 25 Notre Dame in 81-66 upsetGrade Syracuse’s performance against Notre Dame and vote for the player of the gameSyracuse community reacts to upset win over No. 25 Notre Dame Published on January 28, 2016 at 11:05 pm