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Greater Manchester fund buys retail complex

first_img”This acquisition continues our strategy of acquiring development and redevelopment opportunities in the north west.”At present, property investments make up approximately 6% of GMPF’s £13bn portfolio, of which two-thirds are in direct holdings and one-third in funds.Morris said that GMPF’s planned target allocation to property in the medium-term is 10%, delivered in various ways.He added direct property holdings were expected to be in the range of 4 to 8% of the total portfolio. But the fund will continue to develop other means of obtaining its property exposure, such as GMPVF. The Greater Manchester Property Venture Fund (GMPVF) has moved to acquire Chorlton Shopping Centre in a £10m (E12m) deal from Development Securities.GMPVF invests in property development and redevelopment opportunities in North-West England on behalf of the Greater Manchester Pension Fund (GMPF)The shopping centre has 16 retail units, a supermarket, offices and a car park. Existing tenants include travel agency Thomas Cook, newsagents Martins, Heron Foods, Quality Save and a large number of independent quality retailers.Peter Morris, director of pensions, GMPF, the largest scheme for local authority workers in England & Wales, said: “This is a long-term investment. We will develop a plan that will see the centre improved over time, respecting the diversity of operators there.last_img read more

​Towers Watson restructures global manager research team

first_imgTowers Watson is reorganising its manager research team, appointing a new global division head following the promotion of Craig Baker.The consultancy said Luba Nikulina, its long-standing global head of private markets, would take over as global head of manager research with immediate effect.Baker, Nikulina’s predecessor, was named global CIO in June, at the same time the firm promoted Chris Mansi to global delegated CIO, a role he previously held for the consultancy’s European division.Nikulina has worked at Towers Watson since 2005, both in the company’s London and New York offices, and was previously deputy head of capital investment at Russian mining company Norilsk Nickel. She also spent five years as an investment manager at Probusinessbank in Moscow.The promotion of Nikulina will trigger a restructuring of the consultancy’s manager research business, according to Baker.He noted that Towers Watson had long been asset-class agnostic, with an emphasis on asset returns over individual classes.“The new structure will enhance our ability to compare mandates of a similar nature, such as long-only equity and long/short equity, or, indeed, public and private equity,” he said.“It will also create better alignment between our research efforts and portfolio construction process.”The new structure will see the creation of three global research teams – equity, credit and diversified strategies.Jim MacLachlan will continue to lead the equity research department but with additional responsibility for long/short equity hedge funds and private equity funds.Chris Redmond will remain in charge of credit but additionally cover fixed income hedge funds and illiquid credit.Damien Loveday, former head of the hedge fund research team, has been named head of the diversified strategies team, which will cover macro hedge funds, reinsurance, multi-strategy and real assets, such as infrastructure, property and farmland.last_img read more

COVID-19-CRISIS: Special powers bill now up for Duterte’s signature

first_imgThe House of Representatives adopted theSenate Bill 1418 declaring the existence of a national emergency. This wouldgive Duterte additional powers to address the outbreak. The bill, also known as the “Bayanihanto Heal as One Act,” was approved at around 3 a.m. on Tuesday. It isnow ready for President Rodrigo Duterte’s signature. Duterte can also “direct theoperation” of any privately-owned hospitals and medical and healthfacilities including passenger vessels and other establishments to house healthworkers, assign quarantine areas, and give medical relief, provided that theowners of the enterprise will be retained, and only when the public interestrequires. Refusal to cooperate will be penalized. Public and private health workers whomay contract severe COVID-19 infection while in their line of duty will also beprovided compensation of P100,000 while those who may die while fighting thepandemic will be compensated P1 million.  Under the measure, Duterte is givenauthority to provide an emergency subsidy to 18 million low-income householdsworth between P5,000 and P8,000 for a month to two months. MANILA – Congress has approved a measurethat would grant President Rodrigo Duterte additional powers to curb the spreadof coronavirus disease 2019 (COVID-19) in the country.center_img Duterte may now also ensure that localgovernment units are acting in line with the national government’s policy andmay impose corresponding penalties if they disobey directives on quarantineprotocols. The powers given to President Rodrigo Duterte will only be effective for three months — “unless extended by Congress. PCOO The President may still “takeover” their operations if these enterprises are no longer capable ofoperating “subject to the limits and safeguards enshrined in theConstitution.” The Chief Executive’s special powerswill be in full force for only three months, unless extended by Congress, orwithdrawn sooner via a concurrent resolution./PNlast_img read more

Bulldogs EIAC Wrestling Results

first_imgThe Batesville Wrestling team traveled to Lawrenceburg to participate in the EIAC wrestling tournament. The day belonged to the Franklin County Wildcats being named EIAC Champs.Team Scores:  Franklin County – 248.5; South Dearborn – 215; East Central – 190; Lawrenceburg – 186; Greensburg – 167; Connersville – 153.5; Batesville – 53; and Rushville – 17.The Bulldogs sent just 6 wrestlers to the tournament to compete and they came away with valuable experience to get ready for the upcoming Sectional. Jackson Wooldridge competed in the 126# class finishing the day in 6th place and a 1-3 record. Michael Deal competed in the 132# class finishing the day in 2nd place with a 2-1 record. John Moody competed in the 138# class finishing the day in 4th place and a 2-2 record. Chris Schene competed in the 145# class finishing the day with a 0-2 record. Abram Garcia competed in the 160# class finishing the day in 6th place and a 1-3 record. Mitchell Thomas competed in the 220# class finishing the day in 5th place and a 2-2 record.Courtesy of Bulldogs Coach Chris Deal.last_img read more

Track Rules

first_imgAre you aware that these track rules exist?  If any race is two laps or more, you must signal how many laps remain for the competitor.  It used to be that only long races, like the 3200 meter, had a gun lap for the competitors.  It is recommended that instead of shooting the gun to indicate the last lap that a bell be used.They have changed uniform rules so often that they finally relaxed most regulations.  However, nothing is still allowed on the uniform except for two things–a school name and/or a United States flag.  The flag must be no bigger than 2″ x 3″.They have clarified the “assisting a runner” rule. Runners are still disqualified if anyone helps them in any way unless that help comes from a certified health official.  This was put into effect in case a runner would suddenly become ill and need immediate care.Unlike other sports, track and cross country athletes are not allowed to celebrate victories.  Most officials are very lenient unless taunting is involved.  You may be disqualified if the track official does not like words that a competitor may use during or after a race.  You can bet you won’t see a victory dance in a track meet.last_img read more

Villa wrap up Cole deal

first_img Former Sunderland and Ipswich manager Roy Keane has also been linked with a post on Lambert’s backroom staff. For Cole, the move offers a chance to prolong his career at the top level. Cole has spent the past season and a half back at West Ham, the club where he first made his name after coming through their youth ranks. He was regarded as one of the most gifted players of his generation and was snapped up by Chelsea for £6.6million in 2003. He won three Premier League titles and became an England regular during a successful seven-year spell at Stamford Bridge but injuries eventually led to him falling down the pecking order. A move to Liverpool to 2010 failed to reignite his career but he enjoyed a successful loan spell with Lille before taking up the opportunity to return to Upton Park. He rejoined the Hammers on an 18-month deal but he played only a a bit-part role in the season just concluded. He last started a Barclays Premier League last December, when he scored for West Ham in a 3-3 draw against West Brom. Cole said: “So far I’ve been lucky enough to have a really good career but there’s still a lot more I want to achieve. The fire is still burning in me. “I want to play at the highest level and win things still and this club fits.” Cole believes he can play a prominent role, in his preferred position, for a Villa side he believes has much to look forward to. He said: “There is just so much potential at the club to kick on and I think we’re only going to get better. “When I talked to the manager he said I would be playing in a more central position and, having those fast players in attack and around me, I feel like I can supply them with the bullets and get them the ball in the final third.” Cole’s future had seemed uncertain after he was released by West Ham, but retirement had never been on his mind. He said: “All of the ex-players, all of the professionals that I’ve ever spoken to in my career say, ‘Enjoy it while it lasts because it goes quick, take everything you can out of it.’ “That’s one thing I have done and one thing I’m proud to say is that I’ve enjoyed every day of my career, every moment of it and I want to squeeze as much out of it as I can. “I’m as excited now as I was as a 16-year-old lad going into my first season with West Ham.” Former England midfielder Joe Cole has joined Aston Villa on a free transfer, the club have announced. He told AVTV. “I’m really excited. It all happened really quickly, I got a call maybe a week or 10 days ago and it just felt like it was a really exciting place to come at this moment.” Cole becomes Villa’s second signing of the summer following the arrival of former Arsenal defender Philippe Senderos last week. Manager Paul Lambert is hoping to revamp his squad after two seasons of battling relegation from the Barclays Premier League and Cole was impressed by the Scot’s vision. He said: “This is a massive club and there’s a massive opportunity for the club to push on. That was the main factor. “I spoke to the gaffer and we have similar views on football. He didn’t need to sell the club but he explained what the view is for the future and, like I said, that was the main thing. When I spoke to the manager I knew I’d be signing. “I’ll be coming here and I’ll be learning too. Obviously I’ll bring my experience to the squad but you still learn every day and I want to learn. “I know I’ll learn from the manager, I’ll learn from other players here and going forward together we want to get the best results for Aston Villa.” Further changes are also likely at Villa with owner Randy Lerner having put the club up for sale. The 32-year-old was a free agent after being released by West Ham at the end of last season. Cole, who has also played for Chelsea and Liverpool in his career and won 56 caps for England, has signed a two-year deal at Villa Park. Press Associationlast_img read more

LVG: United best team in Manchester

first_imgLouis van Gaal hailed his United side as the best in Manchester after they put four goals past sorry City in Sunday’s derby at Old Trafford. United ended a run of four successive Manchester derby defeats with an impressive 4-2 victory against their local rivals. Ashley Young cancelled out Sergio Aguero’s opener before United ran riot, with Marouane Fellaini, Juan Mata and Chris Smalling finding the net prior to Aguero’s late second. The fans who booed his team were belting his name out at Old Trafford on Sunday and he was looking forward to toasting the biggest victory of his United career at his favourite Chinese restaurant in Manchester. “I can go to Mr Wing’s (restaurant) tonight, because you can do that when you win,” Van Gaal said. “When you lose, the fans say what is Mr Louis doing because he loses and goes out to the best restaurant. “This afternoon is maybe the best feeling (since coming to United). “It was not the best performance, because we started very badly, but we regained our confidence, scored the goals and the second half was fantastic. “At the start of the season it was not fantastic to be a United man and the fans still have supported us. “This week they can go on the streets, heads up and say: ‘We are the better team because goal average (over the two derbies) is in our favour’.” Van Gaal played down his role in United’s revival before kick-off, claiming his players should take credit for the recent upturn in form. But the Dutchman must take a lot of praise for the way he has helped Young and Fellaini develop into two of the most destructive players in the league on current form. Young lacked confidence last year and looked almost certain to be heading out of Old Trafford after Van Gaal replaced David Moyes. But on Sunday he gave Pablo Zabaleta, one of the most experienced and consistent right-backs in the league, a truly torrid time. Young s wept the ball into the City net at the second attempt following a block by Gael Clichy to equalise and he then set up Fellaini, who put United 2-1 up. Young also provided the cross for Smalling’s goal, a free header which he nodded past Joe Hart with 17 minutes left. The United boss praised the 29-year-old after the match. “He was fantastic. He was our best player,” Van Gaal said. “I am very happy for him but I have a group of 25, 26 players. “Ashley has always made a big contribution, he has always played with me.” Van Gaal was also happy to see Fellaini given a standing ovation in the second half when he was substituted. “The fans also see that he is very important for the team,” Van Gaal said. “He scores goals, he beats pressure when we need it and he passes well. “I am very happy for him. A standing ovation is fantastic for the players.” The only downside from the afternoon was that United finished the game with 10 men because Michael Carrick came off injured after Van Gaal had made all three substitutions. The problem does not seem too serious, though. “It was a little bit stupid of me (not to substitute Carrick),” Van Gaal said. “He was wise to step off but we have to wait and see tomorrow. He had a stiff calf.” The win moved United four points clear of their ‘noisy neighbours’, who are now in a scrap for Champions League qualification after being joint-top of the table on New Year’s Day. When asked whether he regarded United as the best team in Manchester, Van Gaal said: “We are this moment four points ahead so that is a fact. There was a faint attempt to try to play down expectations. “Maybe the difference will be one point again next week,” Van Gaal added. But the main feeling was one of pure joy from the Dutchman after the final whistle, and who can blame him? He has, after all, presided over a remarkable turnaround at Old Trafford. After the 1-0 defeat at the Etihad Stadium, United were 10th in the standings, having won three of their opening 10 games. Now Van Gaal’s team are almost certain to qualify for the Champions League. They are nine points ahead of Southampton with six matches to go and just one shy of second-placed Arsenal. Press Associationlast_img read more

Five Premier League thrillers that live long in the memory

first_imgAdam Lallana’s stoppage-time goal earned Liverpool a 5-4 win at Norwich – the final dramatic act of a thrilling afternoon at Carrow Road. Manchester City 3 QPR 2, May 2012 Perhaps the most significant of all, City started this game knowing a win would earn them a first Premier League title but when they went 2-1 down – even against ten men – it looked as though rivals United would take the trophy. However, Edin Dzeko scored with two minutes of time added on to level and then, memorably, Sergio Aguero (or to quote Martin Tyler, ‘Agueroooooooooo’) won both the match and the title with 93:20 on the clock. Liverpool 4 Newcastle 3, April 1996 Sure to feature on everyone’s classic list, this was the game which saw Newcastle boss Kevin Keegan slump over the front of the dugout as his side’s title chances went up in smoke. Liverpool came from 2-0 down, only to see Faustino Asprilla make it 3-2 seconds later. Stan Collymore soon levelled and then won it two minutes into added time, with Tyler again taking over with his line of “Collymore closing in”. Newcastle 4 Arsenal 4, February 2011 When Theo Walcott scored for Arsenal 44 seconds into this game it set the tone for a blistering period of away play, with Johan Djourou and Robin van Persie (two) putting Arsenal 4-0 up. Reds boss Jurgen Klopp lost his glasses amid wild celebrations on the touchline, the German getting a real taste of the kind of finishes the Premier League can conjure up. Here, Press Association Sport looks at five other late-goal classics. Press Association However, the game turned as Abou Diaby saw red for Arsenal and Newcastle mounted a stellar comeback. Two penalties from Joey Barton and a Leon Best goal gave them a foothold, but they still needed a brilliant 87th-minute volley from Cheik Tiote to get a point. Leicester 3 Arsenal 3, August 1997 Perhaps best remembered for Dennis Bergkamp’s brilliant solo goal, this game had far more to it. The Dutchman’s wonder goal was actually to put Arsenal up after Matt Elliott had scored in the third minute of stoppage time for Leicester to make it 2-2, but there was still time for Steve Walsh to score another dramatic goal and make it 3-3. Chelsea 2 Arsenal 3, October 1999 Arsenal, again! Nigerian Kanu took centre stage as the Gunners mounted a terrific comeback against Chelsea at the Bridge. Headers from Tore Andre Flo and Dan Petrescu got Chelsea 2-0 up, but then Kanu took control. He pulled two back from close range in regulation time and then, in stoppage time, broke free, skipped past keeper Ed de Goey by the corner flag and then curled in the winner from an improbable angle. last_img read more

Holt: Death of athlete gets mixed views

first_imgThe Los Angeles Angels were rocked yesterday by the news that pitcher Nick Adenhart was tragically killed in a car accident. The 22-year-old became the second widely covered casualty of drunken driving in the past month. Ultimately, he’s an example of everything positive that can come from sports.Adenhart’s death is a terrible loss for the Angels organization, his family and his friends. He was on the way home from a club when the car he was a passenger in was hit by a minivan. The minivan ran a red light and its driver, Andrew Gallo, tried to flee the scene after the accident. He was eventually caught and hopefully gets what he deserves for not only being careless but a coward as well.All this came just hours after Adenhart pitched six scoreless innings in what would end up an Angels loss to the A’s. It was only his fourth major league start — and a promising one at that. It was hardly a fitting end to what had been a good night for the kid.Already, much of the media coverage mourns the loss of a young man who had great talent and potential. However, the emphasis here should be on the loss of life, not the loss of talent. Too often it seems like the focus of ESPN memorials to players whose lives were cut short is misplaced. More tends to be said about how many points might have been scored or how many records might have been broken. Isn’t the focus of a memorial usually on what a person accomplished rather than what they didn’t get the chance to?Of course, athletes tend to be viewed differently than the average Joe, which is nothing new. Like everything else in a baseball player’s life, an injury is defined by numbers. Is he going to be on the 15-day DL or the 60? If someone throws out his elbow, the chief concern becomes how many mph he loses on his fastball. We seem to forget they are people.While the Angels called off last night’s game in response to Adenhart’s death, the fact of the matter is that today, they will have to move on. The Los Angeles rotation was already depleted with Ervin Santana, John Lackey and Kelvim Escobar on the disabled list. Adenhart’s death means somebody else will get his chance to pitch as a result. It sucks, but it’s business.As for Angels fans, I can’t imagine the conundrum they must be in. On one hand they’re angry because a young man lost his life for no good reason. On the other, they must be pissed because their team is minus one starter. Which is the bigger initial reason for distress? More than likely it’s the loss of Adenhart the pitcher, not the loss of Adenhart the man.Don’t get me wrong here. I’m not trying to call anyone a monster for being insensitive or put words in anyone’s mouth, but the truth is this: Adenhart was a person lots of people had no reason to care about aside from the fact that he pitched for their favorite team. That’s not necessarily a bad thing, though. The beauty is the fact people did care about him simply because he played for the Angels. It’s said that sports brings people together; what better example than this?It’s tragic events like these that bring out the good and bad of sports. People were united in support of a man they didn’t personally know just because of the jersey on his back. On the flipside, it also shows pro athletes can be seen as just parts to be replaced when needed. A pro sports team isn’t only a ballclub but a commercial product as well.As the healing process begins, it’s important to focus on any good that can come out of this tragedy. Adenhart was a talented young man who had a positive effect on a lot of people. Whether he’s ultimately remembered for what he did — or what he could have done — remains to be seen. What I do know is that his death exemplifies the unifying power of sports; thousands of strangers were brought together by something as simple as a logo on a hat. As tragic as Adenhart’s death was, it allows us to see sports in a pure light. Any chance to ignore the contracts and scandals that tend to dominate headlines is worth something.Adam is a sophomore majoring in journalism. Any ideas on how Adenhart will be remembered? Disagree about how athletes are viewed by the media and public? E-mail him at aholt@badgerherald.com.last_img read more