World Bank and $1.4trn GPIF to push sustainability via bond markets

first_imgPotential areas of research include benchmarks, guidelines, rating methodologies, disclosure frameworks, reporting templates and risk correlation.Hiro Mizuno, GPIF executive managing director and CIO, said: “This is a unique opportunity for GPIF and the World Bank Group to make a valuable contribution towards the Sustainable Development Goals, providing practical solutions to catalyse the development of sustainable fixed income markets.“This partnership strongly reflects GPIF’s strategic commitment in advancing the integration of environmental, social and governance considerations in all asset classes of its portfolio.”World Bank Group president Jim Yong Kim described the initiative as being about “transform[ing] the way asset owners and managers see investment opportunities”.“We can’t achieve the Sustainable Development Goals and meet the world’s rising aspirations without a much bigger contribution from the private sector,” he added.Nearly half (44%) of GPIF’s assets were allocated to bonds as at the end of June. Its policy mix foresees a maximum bond allocation of 64%, including domestic and foreign bonds.GPIF is a strong advocate of incorporating ESG issues into investment strategies, and the need to adopt a long-term, holistic perspective. It recently began tracking three ESG indices for around ¥1trn (€7.8bn) of domestic equity investments.Major investor organisation Principles for Responsible Investment has also been exploring how ESG and sustainability considerations could be applied to fixed income. So far its focus has mainly been on credit rating agencies. The world’s largest pension fund and the World Bank Group are to work together on initiatives aimed at directing more capital towards sustainable investments, especially in fixed income.Announcing their partnership today, Japan’s $1.4trn (€1.1trn) Government Pension Investment Fund (GPIF) and the World Bank Group said investors were increasingly looking for opportunities to have a positive impact, but data and standards for incorporating environmental, social and governance (ESG) considerations varied across asset classes.The link between investment performance and sustainability “considerations” was better developed in relation to equity than for the fixed income market, for example. This is despite the size of the global equity market being dwarfed by that of the global fixed income market.The World Bank Group and GPIF will develop a joint research programme to explore practical solutions for integrating sustainability considerations into fixed income portfolios, they said.last_img read more

Scottish public pension fund investment collaboration grows

first_imgThree Scottish public sector pension funds are set to collaborate on investment after the £2.4bn (€2.8bn) pension fund for the council of Fife joined the arrangement between Lothian and Falkirk pension funds.Lothian and Falkirk Council pension funds have been using a collaborative investment model and joint investment strategy panel since June 2017. Lothian pension fund – the second largest in Scotland’s £42bn local government pension scheme (LGPS) – had been been providing investment support to Falkirk for five years before that.Under the collaborative model, each pension fund agrees its own investment strategy and keeps its own assets, but a joint investment strategy panel advises the officers of each administering authority on the implementation of that strategy. The panel is designed to align governance of the funds’ investments. The panel’s responsibilities include making recommendations on selection and retention of external investment managers, and overseeing performance, asset allocation and risk of investments. So far, the panel has comprised the chief executive and chief investment officers of Lothian pension fund, which has a regulated investment entity, LPFI Limited, and external advisers.Lothian pension fund said the arrangement had allowed it and the Falkirk pension fund to save costs and access benefits of scale investing through collaborative investments in unlisted infrastructure and private debt.Fife pension fund’s membership of the collaboration model comes as the advisory board to the Scottish LGPS has asked whether the scheme’s 11 funds should be pooled. The board proposed pooling as one of four options for the future of the scheme and is consulting on these until December.In England and Wales, 88 LGPS funds have formed eight separate asset pools.last_img read more

Facebook post alerts community to suspicious activity

first_imgAurora, IN—An incident reported on a Facebook post shared by numerous community members, that allegedly occurred at the Aurora Walmart Friday evening in regards to a possible abduction, has been investigated by the Aurora Police Department.While officers say no criminal acts were observed or reported. The officers do agree that the activity appeared to be suspicious and the person(s) that made the post absolutely did the right thing in making law enforcement aware and alerting the general public to always be aware of your surroundings. No one was harmed, threatened or attempted to be abducted as some are suggesting.The Aurora Police Department strongly urges anyone to call 911 immediately whenever something doesn’t seem right.last_img

East Bengal have enough time to build team for ISL, says Bhaichung Bhutia

first_imgKolkata: Former India captain and East Bengal great Bhaichung Bhutia feels the club will not be playing catch up and have enough time to get their house in order if they eventually manage to hop on to the Indian Super League (ISL) bus this season. “I am very happy that finally East Bengal got an investor and are hopeful of playing ISL this year. I am really happy for the fans. They have been praying to see East Bengal play in the top league,” Bhutia told IANS on Thursday. East Bengal were without a sponsor for a long time after their former investors Quess Corp, who had a 70 percent stake in the club, terminated their tie-up on May 31 despite having a three-year deal. On Wednesday, East Bengal announced that they had sold a majority stake to city-based Shree Cement and would now appeal to the ISL organisers in a bid to make a dramatic late entry into the country’s top tier club competition. West Bengal Chief Minister Mamata Banerjee made the announcement on Wednesday, saying “all problems are solved, East Bengal will now play in the ISL”. The seventh edition of the ISL is set to start in Goa in the third week of November. Asked if East Bengal have enough time to build a team and at the same time fulfil all formalities, Bhutia said: “I think they have enough time. Other teams have also not really started training and some, like Chennaiyin FC and NorthEast United, have just appointed their coaches. Even Hyderabad FC had to change. “East Bengal have already signed quite a few players, I think. So I don’t think there should be any problem,” said Bhutia, who began his career with East Bengal in 1992 and went on to win every single trophy with the club, including one National Football League title and the ASEAN Cup in 2003. The iconic former striker had five different stints donning red-and-gold starting between 1993 and 2011. The player transfer window closes on October 20 and the registration deadline is October 23. East Bengal are yet to appoint a head coach and are still in talks with Spaniard Mario Rivera who guided the red-and-gold brigade to a second place finish in the truncated I-League. Bhutia said his advice to East Bengal would be to forget everything and go and win the ‘trophy’. “I think they have learnt their lessons from the past [with former investors Quess]. I am sure everybody will become more mature now,” he hoped. Bhutia also said if East Bengal do play the ISL this season, he would be eagerly waiting to see them and arch-rivals ATK-Mohun Bagan lock horns. IANSAlso Watch: ATTSA Gives 10 Days to Tea Garden Authorities Click to find out detailslast_img read more

Siena looks to extend streak vs Fairfield

first_img February 21, 2020 ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Share This StoryFacebookTwitteremailPrintLinkedinRedditSiena (14-10, 10-5) vs. Fairfield (10-15, 6-8)Webster Bank Arena at Harbor Yard, Bridgeport, Connecticut; Sunday, 2 p.m. ESTBOTTOM LINE: Siena looks for its fifth straight conference win against Fairfield. Siena’s last MAAC loss came against the St. Peter’s Peacocks 85-80 on Feb. 2. Fairfield lost 61-44 at St. Peter’s on Sunday. SENIOR STUDS: Siena’s Jalen Pickett, Manny Camper and Elijah Burns have combined to account for 59 percent of the team’s scoring this season and have scored 66 percent of all Saints points over the last five games.CREATING OFFENSE: Pickett has either made or assisted on 60 percent of all Siena field goals over the last three games. The sophomore guard has 22 field goals and 24 assists in those games.SLIPPING AT 64: Fairfield is 0-11 this year when it allows 64 points or more and 10-4 when holding opponents to fewer than 64.UNDEFEATED WHEN: Siena is a perfect 6-0 when its defense holds opponents to a field goal percentage of 40 percent or less. The Saints are 8-10 when allowing opponents to shoot any better than that.DID YOU KNOW: Siena is ranked first among MAAC teams with an average of 72.6 points per game.center_img Associated Press Siena looks to extend streak vs Fairfieldlast_img read more

How Jordan Fredericks became SU’s starting running back as a true freshman

first_img Published on October 22, 2015 at 8:37 pm Contact Matt: mcschnei@syr.edu | @matt_schneidman In the first game of Jordan Fredericks’ sophomore year at Lawrence (New York) High School, he scored five touchdowns. Two receiving, three on the other side of the ball. He intercepted the Glen Cove (New York) High School quarterback three times and returned each for a pick-six.In his senior year, Fredericks often drove the team 80-plus yards with less than a minute to go before a half or at the end of game, Lawrence head coach Joe Martillotti said, all while under center running the two-minute offense.The Buccaneers were best with the ball in Fredericks’ hands, at any position, but there was only one he wanted to play in college.“Everyone else was like, ‘Well we love him, we want him, we’re going to offer him, but we don’t know where we’ll play him,’” Martillotti said. “Syracuse was committed to him as a running back from the get-go.”Six games into his college career and, aside from spurts in the wildcat formation, Fredericks has lined up as a running back every time he’s been on the field. Last week, he was given the starting nod ahead of juniors Devante McFarlane and George Morris, and against Virginia, scored his third rushing touchdown of the year. He’s reached the end zone a team-high four times, with a highlight-reel, 30-yard receiving touchdown against South Florida to go along with 5.3 yards per carry.AdvertisementThis is placeholder textGrowing up with four older brothers molded him for this year’s competition, one he’s risen to the top of despite being only 18 years old. And when Syracuse (3-3, 1-1 Atlantic Coast) hosts No. 25 Pittsburgh (5-1, 3-0) on Saturday, Fredericks will get his second start of a career he never envisioned beginning like this.“Little by little, a couple of reps turned into a couple of drives,” Fredericks said. “And now I’m the No. 1 running back and it feels great.”Inwood Park was home to the fields Fredericks got tossed around on near the family’s Inwood, New York home. Fredericks’ older brothers, Calvin, 29, Justin, 25, Ryan, 21 and Tyler, 19, fostered a culture of competition that he’s leaned on early in his SU career. Off the field, they competed in Madden NFL video games, manhunt and who could do chores better around the house. Jordan even caught flack for helping opponents up on the field and congratulating them after big plays.Ryan and Tyler played running back for Lawrence when Jordan was a freshman, forcing him out of his comfort zone to slot receiver. Ryan recalls “losing his mind” at Jordan when he fumbled in a game his freshman year, angry that he let his play reflect his age.“They didn’t baby him,” Jordan’s mother, Atasha Mays-Fredericks said. “They treated him like if he was their equal, which made him a little tougher.”When Martillotti expanded Fredericks’ role at quarterback, Mays-Fredericks told the head coach that wasn’t her son’s position. But he needed the ball in his best player’s hands whenever possible since Sean Moran, the team’s normal quarterback, was a converted slot receiver.Fredericks threw the ball plenty despite being a true running back and some teams even tried to court him as a signal-caller. Others saw him as a slot receiver. Different teams envisioned him as big and fast enough to play defensive back.“You’re never really sure in college, you know, they can tell you whatever you want to hear and then when you get here, you can switch a position,” Fredericks said. “But it meant a lot that (Syracuse) was actually serious about me playing running back.”Fredericks overtook McFarlane and Morris by simply being more productive. The Syracuse coaches keep a chart, using tick marks, progress lines and a point system to distinguish which players are actually producing — Fredericks has been measured in areas such as yards after contact and touchdowns — from ones that might just look good going through the motions.He’s even fine-tuned the cadences when practicing at quarterback in the wildcat and shown a once-nervous Tim Lester that he can move around the tight ends before the snap as well.“He tells me that all the time,” the offensive coordinator said. “’Coach, I played quarterback, I’m fine.’”Fredericks was lying in bed in between classes when he found out he’d climbed to No. 1 on the depth chart last Monday. He received a Twitter notification on his phone and called his parents, who told him to be humble and that similar triumphs happen all the time.Starting as a freshman is something he’s used to even though he didn’t expect it here. Running backs coach DeAndre Smith told Fredericks he’d see carries “here and there” in the first couple games.“You’re telling him this is a blessing, you’re lucky,” his uncle, Duane Fredericks said. “Not too many freshmen get to start.”When Lawrence won the Long Island III championship last year, parents came up to Mays-Fredericks and began crying since they wouldn’t be able to watch her son play anymore. During Fredericks’ speech for the Thorp Award, given to Nassau County’s top player, he told the crowd he wanted to bring the Heisman back for them.Though his lofty goals at Syracuse may not come in the near future, the foundation for them has been set. And before he left for school, Fredericks was stopped by his mother and broadly asked what he wanted to do for the football team.“I’m going to be that guy that they can count on,” he said. “… The same way I was in high school.” Comments Facebook Twitter Google+last_img read more

Mouse Morris hoping to pull off remarkable treble

first_imgMouse Morris is hoping to pull off a remarkable treble in the race.As you no doubt know the Fethard-based trainer has already had winners in the Irish Grand National on Easter Monday and its English equivalent at Aintree last week with Rogue Angel and Rule The World respectively.Today he’s fielding the Gigginstown House-owned Folsom Blue in the 4.10 at the Scottish track.last_img

Barcelona & Real Madrid Players Pay Tribute To Victims Of Las Ramblas Terror Attack

first_imgPlayers of Spanish football arch-rivals, Barcelona and Real Madrid, have paid tributes to victims of Thursday’s terror attack in the City of Barcelona.Lionel Messi and Cristiano Ronaldo led the tributes by posting heartfelt messages on their social media pages, as Barcelona announced they will wear black armbands for their match at the Camp Nou on Sunday. Thoughts are with everyone in Barcelona tonight ??— Gareth Bale (@GarethBale11) August 17, 2017 Luiz Suarez, Gareth Bale, and goalkeeper, Marc ter Stegen‏ were not left out, following the terror attack that saw a van rammed into unsuspecting tourist and pedestrians in the busy Las Ramblas tourist area, killing at least 13 persons with 64 injured.Very shocked for what happened in Barcelona. All my support to the city and families! pic.twitter.com/YDtyAiw7Qc— Luis Suarez (@LuisSuarez9) August 17, 2017center_img I’m deeply touched by what happened yesterday in my beautiful city. T’estimo Barcelona ❤?? We all need to be more united than ever ! ??? pic.twitter.com/uZe97nCaHI— Marc ter Stegen (@mterstegen1) August 18, 2017In an official statement released by Barcelona, the Catalan club said: “FC Barcelona wants to express its profound sorrow and utter disgust at the terrorist attack that has hit the heart of our city, la Rambla de Barcelona. The Club wishes to send our support and thoughts to the victims, their families and friends as well as the people of Barcelona and its visitors.”FC Barcelona join the minute’s silence. The President Bartomeu and Directors Vilanova and Teixidor represented the Club at Pl.Catalunya. pic.twitter.com/hYePU3Yz9b— FC Barcelona (@FCBarcelona) August 18, 2017“As a mark of respect, the flags will fly at half-mast at the club’s installations and the players from both teams will wear black armbands in all the club’s matches this weekend.”Our players and coaching staff held a minute’s silence for the victims of the attack in Barcelona before training today.#RealMadrid pic.twitter.com/t0tFgmSVQt— Real Madrid C.F.?? (@realmadriden) August 18, 2017“On Sunday, before the 2017/18 La Liga opener against Betis, the Camp Nou will hold a minutes silence in recognition and memory of the victims.” the statement concluded.RelatedOnly Barcelona Can Stop Themselves From Another La Liga TitleAugust 13, 2019In “Spain”Best Player Award: Ronaldo, Messi And Neymar Make FIFA Shortlist.September 22, 2017In “England”Barcelona To Close Camp Nou As Punishment For Antoine Griezmann TransferSeptember 17, 2019In “Spain”last_img read more

3SC, Late Player’s Brother In War Of Words Over Entitlements

first_imgShooting Stars Sports Club (3SC) have been caught up in a war of words with the brother of their late player Izu Joseph over his entitlements owed by the club.Izu was killed by soldiers in October 2016 while he was on holiday in his home town of Okarki in Bayelsa State and he was reportedly being owed eight months’ salary and allowances before his death.According to the Nigeria National League (NNL) club, the total money owed is N2.3m but his family members claim the entitlements amount to over N3m.His brother Izu Reuben has been at war with the club over the refusal to pay the money owed prompting his petition to the Oyo State Government.In swift response to the petition, a club statement signed by their spokesman, Jubril Arowolo, denied the late player’s brother and that the club had been crediting their father’s bank account as instructed by the family.The statement read: ““While we acknowledge that the club was owing the late player, it is very pertinent to put the record straight that hardly would a month pass without the club paying into the account of Pa Joseph Izu, the father of the deceased, as requested by the family in the last six months.“This act did not go down well with the said Reuben, who wanted the payments in his account instead, a situation currently causing frictions within the family. We have refused to take issue with Mr. Reuben Izu as a mark of respect for the late player but this reaction is necessary in order to put a stop to the mischievous manner in which the man is going about the issue.”“On our part, we are committed to offsetting the outstanding salary and this position was acknowledged by an official of the National Association of Nigerian Professional Footballers, Mr. Austin Popo, during his visit to our office last Friday.” the statement further added.Reuben has however reacted to the club statement in a chat with the Punch. He said the club is not revealing the truth and that they only paid for two months.He said: “It is really unfortunate that a well-respected club like Shooting Stars can resort to cheap blackmail because of the petition I wrote to the government and the Oyo State House of Assembly. The letter was meant to ensure that we get their assistance in getting justice for my late brother while imploring them to offset the debt so that we can cater for late Joseph’s daughter.”“I have never requested that the money be paid into my account and their claims of paying for six months is a lie. They only paid N300,000, which was done in two months. We have called them to give us a breakdown of late Joseph’s salary and allowances as well as his bonuses, but they haven’t done that.”“Their blackmail won’t stop me or the family.” Izu Reuben concluded. RelatedSacked 3SC Players At War With Club Over SalariesNovember 10, 2017In “Nigeria”Rivers Utd Players Beg Gov. Wike To Settle Outstanding Financial Entitlements (AUDIO)February 27, 2020In “Featured”Okunowo Drums Up Government Support For 3SCMarch 14, 2018In “Nigeria”last_img read more

CONFIRMED: Bukom Banku and Ayittey Powers bout rescheduled for May 16

first_imgThe much anticipated non titled cruiserweight boxing bout between Braimah Kamoko a.k.a Bukom Banku and Michael Okine popularly known as Ayittey Powers has been reschedule  to  May 16,  2014 at the Accra Sports Stadium, Asempa Sports Can confirm.The new date comes after when Ayittey Powers announced his decision to withdraw from the April 18 bout on spiritual grounds last Thursday. In an emergency stakeholders meeting, Bukom Banku and Ayittey Powers on Tuesday afternoon have agreed to honour the bout on May 16 instead of the earlier proposed May 2 date by the camp of BankuIn an exclusive telephone conversation with the Public Relation officer of the Ghana Boxing Authority (GBA), Naa Darkoa Doodo revealed that both parties have agreed in principle but Ayittey Powers, still not convinced on the date and still  will like to do some spiritual consultation come next week.“Both parties have accepted the Friday , May, 16 2014 as the actually date for the much awaited bout but the comical thing is that Powers  has indicated that we should give him a week to think about it which the  GBA and other stakeholders disagreed.“But I can assure Ghanaian boxing fans that the said date will not be changed anymore”. Naa Darkoa Doodo addedlast_img read more