Tag: 夜上海论坛Y

  • PFZW drops hedge funds from strategic investment portfolio

    first_imgThe €156bn healthcare scheme PFZW has announced it will no longer invest in hedge funds as a strategic investment category, as the asset class no longer matches its new investment policy. It said it divested its 2.7% hedge fund allocation last year, adding the target strategic allocation for hedge funds to its equities holdings.The decision of the second-largest pension fund in the Netherlands followed a re-assessment of all asset classes for their sustainability, complexity, cost and contribution to PFZW’s objective of index-linking pensions.“The hedge fund investments did not match the criteria fully,” it said. In 2003, PFZW was one of the first Dutch pension funds to invest in hedge funds, chiefly to achieve greater diversification in its investment portfolio.Jan Willem van Oostveen, PFZW’s financial and investment policy manager, said complexity was major factor behind the scheme’s decision to drop hedge funds.“In our new investment policy, we agreed greater emphasis should be placed on controllability and intelligibility,” he said.“That’s why a complex asset class like hedge funds, which encompasses such diverse strategies, no longer sits well with PFZW.”He added that the high management costs of hedge funds also contributed to the pension fund’s decision.“With hedge funds, you can be certain of the high costs but uncertain about the returns,” he said.Van Oostveen further explained that, in PFZW’s opinion, hedge funds are no longer a sustainable fit for the portfolio, “given the high remuneration in the hedge fund sector, as well as the often limited concern of hedge funds for society and the environment”.Last September, Eduard van Gelderen, the new CIO at the €334bn civil service scheme ABP, said the pension fund was not considering divesting its 5% hedge funds allocation, due to the strength of its returns.However, Dutch pension funds’ hedge fund investments have fallen from 3.7% to 2.7% on average between 2009 and 2014, according to IPE sister publication Pensioen Pro.last_img read more

  • Mother says her young children were allowed to walk home from school without her permission

    first_imgA South Florida mother says her two children under the age of 10 were accidentally allowed to walk home from school despite being on the after school pick-up list.The incident occurred Wednesday at North Andrews Gardens Elementary near Oakland Park.The mother, Michelle Gibson, told reporters that she arrived at the school to find that her five-year-old daughter and her six-year-old son were nowhere to be found. After searching the school grounds, she found that her children had been escorted off the school grounds by the principal and allowed to walk home by themselves:“We started looking around the back of the school, the side of the school,” Gibson said. “We found my children four blocks away down walking through the streets towards Andrews. They were holding hands. They were walking.”While the two children were found safe, Gibson says the incident still terrifies her because anything could have happened to them:“They could have been picked up by a stranger,” Gibson said. “They could’ve gotten lost. They could’ve been hit by a car.”The district declined to comment on the specific situation due to privacy rules, however, they did report that they are looking into the matter.last_img read more

  • Kiren Rijiju: India should be in top 10 medals tally by 2028 Olympics

    first_img First Published: 11th October, 2019 14:57 IST Last Updated: 11th October, 2019 14:57 IST Kiren Rijiju: India Should Be In Top 10 Medals Tally By 2028 Olympics Kiren Rijiju, the Union Minister of Youth Affairs and Sports urged the private sector and industry to play an active role in promoting fitness in the country. Jatin Malu LIVE TV Kiren Rijiju, the Union Minister of Youth Affairs and Sports, urged the private sector to play an active role in promoting fitness in the country. He said that all the nations who are sporting power, have the sports culture there, and playing games comes naturally to their citizens and children but in India, this was not true. Now the time has come to change. He also said that desired results can’t be achieved without developing a positive and conducive sports culture. “Sporting culture has to become a way of life. India is aspiring to be a global leader, and we are already doing well in the economy, politically, and spiritually. India’s rise will be complete and further consolidated if we become a sports power,” Rijiju was quoted as saying by PTI. ALSO, READ | Furious Pakistan Fan Punches Sarfaraz’s Cut-out, Snaps Its ‘head’ OffRijiju said that 1.3 billion people of the country are its strength. So far, the primary concern of the family has been the financial security of the children, and hence the sports was not being encouraged. But now, changes are taking place. These can’t be achieved overnight. ALSO, READ | Sachin Tendulkar Gives Suggestions To Revive Mumbai’s Cricket GloryHe also stressed on the need to change our outlook. He said that the sports ministry is doing the needful to provide world-class facilities to the athletes. Rijiju also appreciated Prime Minister Narendra Modi and the ‘Fit India Movement’ which the PM launched on the occasion of National Sports Day. He said how well the movement was received by the people.ALSO, READ | Yuzvendra Chahal Wishes Virat Kohli As He ‘hits 50’ As A SkipperEmphasis on fitness and sports:He also spoke about emphasis on fitness and sports. The sports minister said that we have to move from curative to preventive mentality, and fitness leads to prevention to a number of disorders and diseases. The World community is looking forward to India, and the government, as well as the industry, has to play a pro-active role in it. We have to take a fitness programme forward to all the parts of the country.Thinking aloud, he stated why should the country be settling for a few medals in international events. He said when India celebrates its 75th year of independence in 2022, the country should be fit. “2020 Olympics is too near but by 2024 or in 2028, India should be in top 10 in the medals tally. It is our target. If India cannot do this, I will feel my becoming Sports Minister is of no use,” Rijiju concluded.ALSO, READ | Steve Smith Out For Duck At The Gabba, Netizens Call It A Net Session WATCH US LIVEcenter_img SUBSCRIBE TO US COMMENT Written By FOLLOW USlast_img read more