Tag: 嘉兴私人会所餐厅

  • Alabama 5th in CFP committee rankings after loss to LSU; Utah moves up to No. 7

    first_img Tags: College Football Playoff/LSU Tigers/Utah Utes Football Written by FacebookTwitterLinkedInEmailAlabama is fifth in the latest College Football Playoff rankings, behind LSU, Ohio State, Clemson and Georgia, which took over the fourth spot in the selection committee’s second top 25.LSU replaced Ohio State as No. 1 after the Tigers won at Alabama on Saturday. The Buckeyes were bumped to No. 2. Clemson moved up two spots to No. 3 after two teams ahead of the Tigers lost for the first time last week, including Alabama.The Crimson Tide fell to 46-41 to LSU and dropped two spots. Penn State, which had been No. 4, lost 31-26 at Minnesota and fell to ninth. The unbeaten Gophers jumped nine spots to eighth.Georgia moved up two spots to give the Southeastern Conference two of the top four for the second straight week.Utah coming off a bye week moved up one spot to No. 7, staying behind Oregon which moved up to No. 6. Oklahoma rounds out the top 10. November 13, 2019 /Sports News – Local Alabama 5th in CFP committee rankings after loss to LSU; Utah moves up to No. 7 Associated Presslast_img read more

  • Norwegian oil fund suffers losses on emerging market equities

    first_imgNorway’s Government Pension Fund Global has incurred losses from its Chinese and Japanese equity holdings, contributing to its stock returns trailing bonds and real estate over the first three months of the year.The NOK5.1trn (€617bn) fund’s Chinese equity investments, which returned -6.1%, accounted for more than a quarter of the listed emerging market portfolio at the end of March, and significantly underperformed its average EM equity holdings, with the portfolio returning -0.5% overall.According to the fund’s first-quarter report, Japanese equities also lost 5% “due primarily to weaker demand and a fall in consumer confidence”, with shares in Asia and Oceania overall seeing negative returns.Fixed income outperformed equity during the first quarter of the year, with euro-denominated sovereign debt returning 3.5% compared with 2.4% from Japanese government issuances and 1.8% from US Treasury notes. The fund also increased its EM debt holdings over the course of the quarter, largely divesting holdings in the four main currencies of US dollar, yen, euro and pound sterling in favour of a 1.3 percentage point increase to EM currency.“The biggest increases in holdings were in Brazilian, Turkish and Mexican government bonds, while the biggest decreases were in government bonds issued by the US, Germany and Sweden,” the report noted.While Brazilian sovereign debt was not among the fund’s 10 largest bond holdings at the end of last year, by the end of March it had risen to be the fund’s sixth-largest fixed income holding, behind NOK45bn in Mexican government debt and ahead of NOK38bn in Italian sovereign paper.The fund also suffered losses on its Russian debt, following the political crisis in the Ukraine.“Geopolitical uncertainty led to the weakening of the rouble, and the Central Bank of Russia raised its rates in an effort to stem the decline,” the report noted. “This resulted in a return of -9.7% on the fund’s Russian government bonds in the first quarter.”Asset manager Norges Bank Investment Management also continued to grow its real estate holdings over the course of the first quarter, with property returning 2%.“Measured in local currency, rental income contributed 1.1 percentage points of the return, the net change in the value of properties and debt 1.2 percentage points and transaction costs for property purchases -0.2 percentage points,” the report noted, adding that currency fluctuations led to a 0.1% decline in returns.last_img read more