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Mandate roundup: Lancashire, Horeca, Northern Trust, ECB, Deloitte

first_imgThe Lancashire County Pension Fund has made a number of appointments for a transition management framework agreement, as it undergoes a significant review of its investment arrangements over the next four years.The £5.3bn (€7.3bn) local government pension scheme is in the process of creating an “asset-liability partnership” with the £4.8bn London Pensions Fund Authority (LPFA) and launched its tender for transition managers for “significant” asset allocation changes last year.Appointed firms include BlackRock Advisors, Citigroup, Goldman Sachs, Legal & General Investment Management, Macquarie Capital, Nomura, Northern Trust and Russell Implementation Services.The fund will now conduct a mini-competition exercise between the appointed managers as and when it requires transition services. Lancashire had also rearranged its management team in preparation for the partnership with the LPFA.In other news, the Dutch pension fund for the hospitality sector, Horeca & Catering, has appointed Northern Trust Global Investments for a €200m passive, small-cap equities mandate.The new arrangement is in addition to a 2012 mandate between the two for €200m in passive listed real estate.The €6.3bn pension fund provides benefits for around 36,000 members of the hospitality sector, and recently appointed AlpInvest to manage its €500m private equity holdings, around 5% of the fund.Elsewhere, the pension fund for the European Central Bank (ECB) in Frankfurt has appointed Deloitte to provide actuarial and funding valuations alongside actuarial advice.The contract is for approximately three years, starting in 2015 and ending with the actuary’s valuations corresponding to the year 2017.Deloitte beat four other bidders for the pension fund and will now provide valuations on both the assets and liabilities for all long-term and post-employment benefits provided by the central bank.last_img read more

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Mike Tyson comeback fight postponed

first_imgMike Tyson’s comeback against Roy Jones Jr has been postponed, according to RingTV.com.Tyson, aged 54, and Jones Jr, 51, were due to meet in an exhibition bout on September 12, but it has been pushed back to November 28. Heavyweight icon Tyson retired 15 years ago, but still plans to step back into the ring.The California State Athletic Commission, who are licensing the bout, previously told Sky Sports: “The (CSAC) is licensing the Mike Tyson vs Roy Jones Jr match scheduled to take place in Los Angeles as an eight-round exhibition match.“In this match, the referee will have the authority to stop the fight if it strays outside the boundaries of a competitive boxing exhibition.“Mr. Tyson and Mr. Jones Jr will have to submit all CSAC medical tests for fighters over 40 as well as CSAC’s emergency regulations that have been put in place to slow the spread of COVID-19.”Jones Jr told Sky Sports that the exhibition would be “extra-competitive” and expects to face: “The same old Mike – he will be powerful. Power is the last thing to go. He won’t have lost his power or explosiveness. “You’ve seen the videos he has put out – he has been powerful and explosive. He’s not going to lose it and you’ve got to know that.“Now, it may not last for more than five rounds but he’s not going to lose it.“You may have to dance around him for four or five rounds or try to survive, however you find it best to do that. Then you can fight him.“I’d better get myself in the best shape that I can.“It never worries me – I love challenges. Something impossible or something I shouldn’t do? That’s what I love to do. Anything you tell me I can’t or shouldn’t do is what I want to do. “That’s who I am. That makes me happier than anything.“If I was fighting somebody I’m supposed to beat, I would probably be nervous. But because I’m fighting somebody that they think I don’t have a chance with, I’m not nervous. This is what I love, this is what I feel for.“For me, it’s a one-off. But if it turns out good or he hits me so hard that I don’t get my lip back, then we might have a rematch!“I bring speed and power, he brings explosiveness and power.”RelatedPosts Mike Tyson beats up seven prostitutes Mike Tyson to face Roy Jones Jr Klitschko drills Holyfield in gym —Tags: Comeback fightmike tysonRingTV.comlast_img read more

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Syracuse looks to find consistency in conference play

first_img Facebook Twitter Google+ Published on January 17, 2018 at 10:49 pm Contact Nick: [email protected] | @nick_a_alvarez For a Syracuse team replacing 86 percent of its scoring from a year ago and 80 percent of its starting lineup, the 2017-18 Orange squad still resembles last season’s. The scoring load has been carried by two players — Tiana Mangakahia and Miranda Drummond — and the team has struggled early on in conference play, specifically on the road.“We have nine, 10 newcomers on the court playing in one of the best conferences in the country,” SU head coach Quentin Hillsman said. “… It’s tough to win on the road.”SU has four losses, all of which have occurred away from the friendly confines of the Carrier Dome. One was a neutral-site game, and the rest have been on the courts of conference opponents. Last year, Syracuse won just one of its first four conference road games. Hillsman doesn’t think it’s an issue. He argues that his team has no bad losses and even one upset win. But SU still hasn’t cracked the Associated Press Top 25 poll and it currently sits eighth in the ACC standings.When Syracuse (14-4, 2-3 Atlantic Coast) travels to Coral Gables, Florida to take on Miami on Thursday night and returns home to face Pittsburgh on Sunday, it has a chance to defeat two of the lesser teams in the conference and find the consistency it has lacked so far in conference play. Last year, SU played then-No. 14 Miami following two conference road losses and routed the Hurricanes, 81-48, in the Carrier Dome. Since then, Miami has graduated three starters and is 10th in the ACC.“We’re there most of those games and we have a chance to win at the end of the game,” Hillsman said. “… We have to finish the game and be tougher.”AdvertisementThis is placeholder textThe Orange sprinted out to its best start in eight years (11-0) before falling to then-No.5 Mississippi State in Las Vegas on Dec. 21. After being outpaced by the Bulldogs, 76-65, SU bounced back with a win against UNLV to close out its non-conference schedule. But since then, the Orange has sputtered, tallying a 2-3 record to start conference play.In its first conference matchup against then-No. 2 Notre Dame in South Bend, Indiana, the Orange were gashed down low and allowed 48 points inside the paint. Mangakahia was the only player to score more than 15 points but committed eight turnovers. Despite leading by one in the third quarter, the Orange allowed a 10-0 Irish run and ended up losing by 15. After the contest, which took place on Dec. 28, Hillsman said his team had to do a better job of closing out games.Three days later against Virginia in Charlottesville, SU’s offense wilted in the fourth quarter and connected on just four of 14 shots. Mangakahia, again, was the majority of SU’s offense but she shot just 33 percent from the field and committed 12 turnovers, five of which came in the final frame. The back-to-back losses marked the first time in three years that SU started conference play 0-2.After the game, Hillsman again noted that his team couldn’t close it out. The 12-year head coach cited a play down the stretch, with SU down by a possession and UVA at the free-throw line, when J’Kyra Brown missed but the Cavaliers got it back after the Orange couldn’t secure the rebound.Syracuse returned home and won its first two conference games of the year in the Carrier Dome against Georgia Tech and then-No. 11 Florida State. Those victories came off two stellar scoring outbursts from Mangakahia and Drummond that Hillsman isn’t “trying to figure out.”“When I’m not having a good day or Miranda isn’t,” Mangakahia said, “I think we can all step up and contribute.”On Jan. 14, against North Carolina State, Mangakahia and Drummond were limited to 27 combined points and no other scorer reached double-digits. The Orange led at half, but still were outrebounded and fell in Raleigh, North Carolina.SU’s upcoming stretch would be an opportune time to find the steadiness it has needed and get above .500 in the ACC. SU’s next five opponents are a combined 6-18 against other teams in conference.  After Miami and Pittsburgh, Syracuse faces Clemson, Boston College and Virginia Tech. Two of those games, Miami and Boston College, will be away from the Carrier Dome and test the Orange’s ability to close out games on the road. If Syracuse looks to prove itself as an upper-echelon team in the ACC, it will need to.“It’s a long conference season,” Hillsman said. “There’s a lot of basketball left to play. We’re trying to stay healthy and get through these games and compete at the highest level.” Commentslast_img read more

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