Garden blooming

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The challenges facing asset managers in 2018

first_imgThe asset management sector faces “fundamental” challenges in the near future, despite the industry’s outlook stabilising, according to Moody’s.The credit rating agency revised its outlook for the industry from ‘negative’ to ‘stable’ on a 12-18 month basis. In a report published this week, it said that most providers were adapting to shifts in investor sentiment.Managers have been blending elements of active and passive management into smart beta and multi-asset products, and broadening the use and coverage of exchange-traded funds (ETFs).In addition, providers had managed to avoid extensive fee compression by introducing new charging structures. However, Neal Epstein, a vice president at Moody’s, cautioned that there were still actively managed products “susceptible to passive substitution”, while managers also still faced strong competition on cost.Mutual funds were starting to be seen as outdated and expensive structures by investors, Moody’s reported, citing a decline in the number of mutual funds available to US investors. Last year saw the lowest number of new fund launches in 10 years (439), while the 602 funds that disappeared through mergers or closed altogether was the highest level since 2009.#*#*Show Fullscreen*#*# Source: Moody’s/ICIMoody’s also cited the effects of MiFID II, which comes into effect on 3 January 2018. The agency said the regulation was “likely to draw investors to use lower-cost funds”.The rating agency indicated that current market conditions – an equity bull market and declining bond yields – had supported asset managers’ revenues and helped to finance mergers, acquisitions and expansions.While global economic growth was “expected to remain strong”, Moody’s said, providers should be wary of the impact on their businesses when the situation began to change.last_img read more

Chart of the Week: The growing influence of the PRI

first_imgEarlier this week, the UN Principles for Responsible Investment (PRI) informed its signatories that it would require them to report on climate change risks from next year.The PRI’s 2,250 signatories together represent more than $83trn (€73trn) of assets, and include many of the world’s biggest asset owners and asset managers — and its influence is still growing.Insticube, an institutional data service powered by IPE, recently surveyed European asset owners on their attitudes to and work around environmental, social and corporate governance (ESG) issues.It found that, of 338 investors polled, 121 had signed up to the PRI. Additionally, 241 said they had established an ESG policy. Fiona Reynolds, PRIAnnouncing the tough new policy earlier this week, Fiona Reynolds, chief executive officer of the PRI, said: “It is increasingly important for investors to incorporate emerging mega-risks such as climate change into their view of the future.”The PRI’s signatories could — and should — face a much tougher task to convince the organisation and other stakeholders of hiw seriously they take the standards they have pledged to uphold. Asset owners with, or planning to introduce, an ESG policyChart MakerThe PRI’s recent action suggests that it wants to push signatories to treat it seriously, and not just as a box-ticking exercise. Insticube’s research indicates that there is some way to go on this aspect, however. When asked whether failing to support the PRI was sufficient grounds to sack a fund manager, just 82 out of 338 institutions agreed – less than 25%. Is a failure to support the PRI sufficient grounds to dismiss an asset manager?Chart Makerlast_img read more

Lasts Seasons

first_imgWhen I coached at Whitewater in Franklin County back in the 1960’s, we had 3 teams on our schedule that were in their last high school season before consolidations.  Patriot was the first one to close, and when we played in that gymnasium, we had 2 referees that must have never seen goal tending.   One of our forwards had at least 5 goal tendings during the game and none of them were called.  They were not a good team to start with so after 3 or 4 of these their coach went ballistic and got thrown out of the game.  He didn’t have a JV coach , so the principal had to finish it.  The situation at Burney was so bad their last year that they only had 12 players total–varsity and JV.  When we jumped out with a large lead in the JV game, they pulled two of their JV starters and those two players then started the varsity game.  I guess they were trying to win one of the two games.  It was so bad the Whitewater varsity scored 120 points.  At Moores Hill, there were only 10 players for both teams.  So again, when the JV game got lopsided in the first half, they played the rest of the JV game with 4 players and held one of their kids to be a varsity reserve.  So when you think you are having a bad season now, think of these 3 schools and tell yourself “we really aren’t that bad”.last_img read more

Poyet keen to haunt Newcastle again

first_img Poyet, whose first game in charge ended in a sobering 4-0 defeat at Swansea, admitted a repeat on home soil would be perfect. He said: “I would take that result now, yes. Sometimes there are coincidences in football, but until it happens, it’s difficult to analyse. But it is true that we need to win and this is a perfect game for us. It’s the typical game that the fans would like you to win. From what I have seen in town, the only thing they ask is to win this game. Apparently there is nothing after, there are no more games, it is only this one. “Maybe we should take it like that. This is a game we need to win.” Defender Wes Brown could make a first competitive appearance for the club since January last year after finally shaking off the calf problem which has sidelined him since pre-season. Poyet said: “If you need experience and intelligence and players who have played at the highest level in the biggest games, he is one of them, so I wouldn’t be too worried on that side. “It’s something that we have been struggling with, the mental side, so mentally, I don’t think there could be a better player. “Now the thing is he needs to be able to compete, of course, and last for 90 minutes, so we will see how he reacts to the last four sessions.” Gus Poyet is desperate to remain a thorn in Newcastle’s side. Press Association Asked about his record against Newcastle, Poyet said: “Yes, but I’m not playing. My whole career in England has been always linked to Newcastle somehow for the good and the bad. I just hope the good ones continue and we can win the game. “But I don’t think it’s going to be a game that’s going to be won by me or by Alan Pardew. This game will be won on the pitch. We will try to help them, of course, because we need to make good decisions.” Poyet’s fortunes against the men from St James’ Park have remained positive during his fledgling managerial career to date with the South American having guided former club Brighton to FA Cup victory over the Magpies in each of the last two seasons. Indeed, he boasts a 100 per cent record against Alan Pardew, and that is a statistic who would dearly love to remain intact by the time he heads for home on Sunday evening. Poyet said: “I hope it doesn’t finish now. One hundred per cent is not going to stay for ever, but if there was one time that we need to maintain that 100 per cent, this is it.” Victory over Newcastle – something the Black Cats have achieved only once on Wearside since April 1980 – would be significant for a variety of reasons, not least that it would be their first anywhere in the Barclays Premier League this season. A return of one point from their first eight games has left them anchored to the foot of the table and in severe danger of being cast adrift – the gap to 17th place is already seven points – unless they can halt the slide soon. Predecessor Paolo Di Canio also faced Newcastle in his second game at the helm, in his case at St James’, and he returned with a famous 3-0 victory. The 45-year-old Uruguayan repeatedly thwarted the Magpies’ ambitions during his playing days with Chelsea – for whom he scored both goals in a 2-1 FA Cup semi final victory at Wembley in April 2000 – and Tottenham to the extent that then manager Sir Bobby Robson described him as a “menace” and once jokingly said he hated him. On Sunday, he will lead his Sunderland side into derby battle with the old enemy at the Stadium of Light hoping to extend the hoodoo, although admitting there will be little he can do about it once the first whistle has blown. last_img read more

Sagbo backed after quenelle charge

first_img The club fear that any ban for their Ivory Coast striker could rule him out of next week’s FA Cup semi-final against Sheffield United at Wembley. Hull manager Steve Bruce issued an apology if Sagbo’s “actions have offended anybody” but insisted the player did not mean to do so. “As I have said repeatedly to the players with social media the way it is you have got to be careful because it is out there for the rest of the world to see. “I don’t quite understand Twitter and hashtags and really don’t want to but we have warned the players and it is an issue that we have all got and unfortunately it looks as though Yannick has a case to answer. “He has a bit of a language problem, I’m not quite sure why it has offended people but we have to answer the question and we have people involved to defend him.” QPR’s Benoit Assou-Ekotto has also been charged for tweeting his support of Anelka. Manchester City midfielder Samir Nasri and Liverpool defender Mamadou Sahko escaped with a warning for being photographed performing the quenelle prior to Anelka using it in West Brom’s 3-3 draw at West Ham on December 28. Anelka was given a five-match ban for the quenelle salute due its anti-Semitic connotations. Sagbo posted a picture on Twitter of the celebration alongside the word: “Legend”. He also referred to Anelka as a role model of France’s urban youth. Hull have until Tuesday to respond to the FA charge and said they will seek a personal hearing. Bruce told a news conference ahead of Saturday’s match against Swansea: “It’s something that we have been made aware of for weeks, it’s something that they have took their time over, the FA, to study it. “We are going to defend him vigorously because we don’t think Yannick has tried to offend anybody. “Whether his actions have offended anybody, then on behalf of the club I will apologise. “We could lose him and especially with semi-finals and finals coming up and [Shane] Long and [Nikica] Jelavic not available then of course it would be a big blow to us.” Bruce said it was another warning about the dangers of social media. He added: “It’s a reminder to every player about social media. I don’t think there is any callousness at all in what Yannick has done but obviously the FA has seen it that he has done enough to offend people. Hull will “vigorously defend” an improper conduct charge against striker Yannick Sagbo for showing support for Nicolas Anelka’s quenelle goal celebration on social media. Press Associationlast_img read more

Virat Kohli & Kapil’s approach similar to the game: Kris Srikkanth

first_imgMUMBAI: Former India batsman Kris Srikkanth has said Virat Kohli and Kapil Dev’s approach to the game are similar in the way they wear their hearts on their sleeves and are aggressive.”Virat Kohli and Kapil Dev’s approach are the same. Positive and aggressive. Go for the win first,” Srikkanth said on Cricket Connected – ‘Aattam Thodarum’ on Star Sports 1 Tamil. Kohli is the current India captain while Kapil led India to its first World Cup glory in 1983. On the show, 1983 World Cup-winning member Srikkanth along with Laxman Sivaramakrishnan and host Bhavna Balakrishnan discuss how the World Cup inspired an entire generation to take up the sport and put India on the world map. With the odds stacked against India, captain Kapil led the team by example in the match against Zimbabwe scoring an unbeaten 175 which was probably one the best individual ODI performances at that time. Srikkanth said: “At that time, they were saying our odds of winning were 1 in 1000. But Kapil Dev was the main man behind that win. The guy has got a tremendous amount of confidence, self-belief and positive approach.” L. Sivaramakrishnan, who burst onto the scene in the 1985 World Series in Australia, played under another great Sunil Gavaskar. LS said about Gavaskar’s influence: “Gavaskar’s captaincy and his man management. I was only 19-years-old and I needed guidance and Gavaskar gave me that guidance perfectly.” Speaking about Srikkanth’s captaincy, LS said, “Cheeka was an aggressive captain. He provided a lot of results. He was very proactive. A player like Tendulkar made his debut under Cheeka’s captaincy. Cheeka’s encouragement to Sachin Tendulkar at that young age gave him confidence and he went on to become the world’s best batsmen. We’ve had a lot of inspirational captains, but I always feel Cheeka could have captained more.” After Kapil Dev led India to its first ever World Cup triumph in 1983, he not only inspired many cricketers but also inspired many leaders. After 1983, India reached the World Cup final for the first time in 2003, led by Sourav Ganguly. Speaking about Ganguly, Srikkanth said: “Ganguly was proactive. He was the guy who was able to form the team combination. Like how in 1976 Clive Lloyd formed the winning combination (for the West Indies team), Sourav put the correct team together and then inspired them. That’s why Ganguly was a successful captain, even in abroad conditions. They started winning abroad. Ganguly is a born leader.” IANS Also Watch: #LetsTalk: Mobile Theater & Lockdown Challengeslast_img read more

Football News Lionel Messi hat-trick boosts Barcelona to top of La Liga table

first_imgMadrid: Lionel Messi continued his sublime form by netting his 31st La Liga hat-trick as Barcelona thrashed Levante 5-0 to regain their three-point lead at the top of the table. The 31-year-old Argentinian arrived in Valencia having scored two free-kicks in last weekend’s derby thumping of Espanyol. He took his goals tally for the season to 20 after a virtuoso display, while also teeing up Luis Suarez’s 35th-minute opener and Gerard Pique’s late fifth. Barca were under pressure after Atletico Madrid and second-placed Sevilla had both moved level on points with the Catalan giants. But after resting his key stars for their final Champions League group-stage match against Tottenham in midweek, coach Ernesto Valverde saw his refreshed side cruise to a third straight league win without conceding a goal.  “At the beginning it was difficult, they squeezed us and had a chance that hit the woodwork,” said Valverde Sunday.  Levante started the game brightly and visiting goalkeeper Marc-Andre ter Stegen was forced into an early save by Ghanaian Emmanuel Boateng. But Barca did not take long to start moving through the gears, with Messi curling wide from long range before testing Oier Olazabal in the Levante goal with a free-kick. Just seconds after Boateng hammered a left-footed strike against the crossbar, the reigning Spanish champions broke the deadlock as Messi jinked through a mesmerised home defence and picked out Suarez who volleyed home.  Read More | Liverpool beat Napoli to enter last 16 of UEFA Champions LeagueBut Levante, who had ended Barcelona’s dreams of going through last season’s La Liga campaign unbeaten with a remarkable 5-4 victory in the penultimate game, came close to a quick response as Jose Luis Morales fired over. The match was all but ended as a contest when Messi bore down on goal two minutes before half-time and drilled low into the net.  Read More | UEFA Champions League: Manchester United lose to Valencia”I’m happy to have won here, because last year we came and they put five goals past us having gone the whole season unbeaten, so we knew about the danger of Levante and it was a match we had marked out,” added Valverde.  He wasted little time after the restart to add his second in the 47th minute, sweeping home Jordi Alba’s clever cutback, before completing his treble with a simple tap-in from Arturo Vidal’s square pass on the hour mark.Messi has scored five goals in two league games since finishing only fifth in the voting for the Ballon d’Or earlier this month.  A bad evening for Levante worsened with 14 minutes to play, as left-back Erick Cabaco was sent off for a reckless lunge on Ousmane Dembele.Centre-back Pique added further gloss to the scoreline in the 88th minute, rampaging forward to collect Messi’s pass, before keeping his cool and rolling the ball home.   Sevilla keep up the pace  Sevilla reclaimed second place earlier on Sunday as second-half strikes from Ever Banega and Pablo Sarabia sealed a 2-0 win over Girona.Pablo Machin’s side are unbeaten in seven league games since a 4-2 loss at Barcain October.  The hosts had to wait until the 55th minute to break the deadlock, when striker Andre Silva was tripped in the area by Girona defender Juanpe.  Argentinian Banega stepped up to send visiting goalkeeper Gorka Iraizoz the wrong way from the penalty spot.  The points were wrapped up only nine minutes later, as Wissam Ben Yedder cut the ball back for the onrushing Sarabia to slide home his 14th goal of the season in all competitions.  “In the first half they (Girona) were very good,” said Machin. “They were very organised and had good chances, when (Sevilla goalkeeper) Tomas (Vaclik) was splendid.  “In the second half we were the better team.” Elsewhere, Villarreal were plunged further into crisis as Samuele Longo’s 93rd-minute strike saw them held to a 2-2 draw at bottom club Huesca.  Villarreal, who replaced Javier Calleja with Luis Garcia Plaza as coach in midweek, are only one point and one place above the relegation zone. Real Betis eased to a 3-1 win at Espanyol to move into fifth place after a third successive league victory.  Espanyol, who led the table earlier in the season, have lost five straight matches to slip into the bottom half. For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Napoli, Lazio Clash Live on StarTimes

first_imgLazio head into this clash in outstanding form. The White and Sky Blues have won eight and drawn two of their last 10 matches in all competitions, and have not lost since a 1-0 home defeat to Chievo back in January. Football fans Will enjoy the game on StarTimes World Football Channel 244 or 255, 7.45pmlocal time.Chief Operating Officer, StarTimes, Tunde Aina, said its commitment to delivering quality sporting content to its subscribers was the reason behind the acquisitions of sporting rights like the Serie A, Bundesliga, French Ligue 1, Chinese Super League, Eredivisie and recently, the 2018 FIFA World Cup.He said Startimes will be showcasing the best of Serie A football live from the various match centres to the screens of our customers with the Lazio-Napoli encounter as one of the biggest at the Stadio Olimpico. “We are confident that soccer fans will enjoy every moment of the game,” Aina said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram PayTV network, StarTimes is set to broadcast live today top contenders in the Italian League as Lazio host Napoli at the Stadio Olimpico, in what football analysts expect to be “a highly fascinating encounter”.With Napoli third on 64 points and Lazio trailing four points behind in fourth, we should be in for a fascinating clash in Rome as both teams will be going all out for the win, which should make for an open and exciting game.last_img read more

SB : Thomas’ grand slam provides bulk of offense as Orange defeats South Florida Sunday

first_img Comments Facebook Twitter Google+ Carey-Leigh Thomas was questioning herself at the plate. Anytime she missed a pitch, she kept wondering what she was doing wrong.The Syracuse freshman let go of all doubt and put a charge into an outside pitch, sending it over the right-field wall for a grand slam and Orange lead in the first inning.‘When I hit that ball, I had nothing going on in my head at the time,’ Thomas said. ‘I had nothing going through my head. I feel like the key to hitting good is thinking nothing at the time and just see the ball, hit the ball.’Thomas’ early bases-clearing blast is just what Syracuse needed. After struggling to produce early runs, the Orange finally took the lead over South Florida and never looked back, taking the rubber game of its three-game series with a 7-0 win in front of 323 fans on a sun drenched afternoon. In the two previous games, SU could only put runs up in the late innings against the Bulls, leading to a doubleheader split.On senior day though, the Orange set the tone right away.AdvertisementThis is placeholder text‘You always want to jump on a pitcher soon,’ senior Lacey Kohl said. ‘Especially a good pitching staff like USF has so getting ahead and being aggressive early is very big because you always want to be the first one to score.’In the bottom of the first, Syracuse spent little time getting its strong offensive performance underway. Shirley Daniels singled, and then Veronica Grant and Stephanie Watts showed patience by both drawing walks to load the bases.USF pitcher Sam Greiner almost wiggled out of the jam by retiring the next two batters, but she couldn’t avoid Thomas.Thomas took two change-ups and then fouled off a tough inside pitch. After that pitch, the third baseman inched a little closer to the plate, and extended her hands on an outside fastball.‘I had a feeling she was going to throw me outside,’ Thomas said. ‘I just saw it and I took it.’And then sent it out of the park. The early inning pile-on only continued for the Orange.In the bottom of the second, Daniels hit her second home run of the weekend series. The two-run shot was like a bullet off the bat. It bounced off the protective netting in right field and deflected back into the playing field.Ahead by six runs after just two innings, it was more than enough support for SU pitcher Jenna Caira, who went on to a pitch her second no-hitter of the season. But earlier in the weekend, the Orange wasn’t giving much support to any of its pitching staff.In the Orange’s sole win Saturday, SU didn’t score until the fifth inning with a pair of runs. And in the backend of the doubleheader couldn’t figure out South Florida’s pitching until the seventh inning, when Watts blasted a three-run homer that knotted the game at three and forced extra innings.SU went on to lose the game after leaving eight runners on base.‘Early on in that game we could’ve have scored some more runs,’ Ross said of SU’s loss. ‘We had some opportunities, we didn’t take care of it.’Ross told the team before Sunday’s contest about how they always talked about being ‘locked in’ at the plate. It’s even the motto on SU softball posters for this season.But it’s one thing to talk about it, and it’s another thing to actually follow through on.The Orange did both Sunday.‘We didn’t just say it, we actually did it. You could feel it. It was a different approach the entire game,’ Ross said. ‘And every kid had that mode… for some reason today they pulled it all together and that was everybody’s mindset was just being locked in on every pitch.’dgproppe@syr.educenter_img Published on May 6, 2012 at 12:00 pmlast_img read more