The 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.
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersSparks general manager Penny Toler said during a 50-minute question-and-answer session at the Luxe City Center Hotel that she and Fisher have known each other about 20 years, and that he used to attend Sparks games when he played for the Lakers.“What came to mind with Derek,” Toler said, “is here’s a guy who I’ve known and has been with us forever. … From time to time, Derek and I would have conversations to talk about the (Sparks) and I would tease him, ‘Come and coach.’“It’s all about timing,” she added. “When Brian (Agler) wanted to resign, I thought, ‘Here’s a guy who has some experience. Good or bad, it’s still experience.’”The Sparks, winners of three WNBA championships, are among the three surviving franchises from the league’s original eight in 1997. They boast a veteran roster that includes Parker, the 2008 and 2013 WNBA MVP, as well as 2016 WNBA MVP Nneka Ogwumike. Last season, they went 19-15 and placed third in the West before losing in the conference semifinals.Fisher, who played 18 NBA seasons, replaces Agler, a decorated women’s basketball coach who led the Sparks to the 2016 title, the second of his two WNBA championships. LOS ANGELES — Sparks forward Candace Parker wore her 2016 WNBA championship ring to Friday’s introductory news conference, where she sat beside her new head coach, Derek Fisher – a five-time NBA champion for the Lakers.“I want more,” Parker said, referencing her ring, and Fisher said he understood his star player’s mandate.“I’m thankful and I’m grateful and I’m going to do the best job I can possibly do to win a championship as soon as possible,” Fisher said.The Sparks job is Fisher’s second head coaching position, following a short-lived tenure with the New York Knicks, who were 17-65 in Fisher’s first season and started 23-31 in his second before he was let go by then-Knicks president and former Lakers coach Phil Jackson. Newsroom GuidelinesNews TipsContact UsReport an Error Toler said his resignation “wasn’t a force-out or anything; when he wanted to resign, I accepted the resignation.” She added she didn’t ask why, because Michael Cooper – the former Lakers star and Sparks coach – used to say to “only want people who want to be here.”The Sparks announced Agler’s resignation Nov. 30 and news of Fisher’s hiring broke Wednesday, via a tweet from NBA insider Adrian Wojnarowski.Toler indicated she’d had several discussions with Fisher – who asked “about 2,000 questions” – as well as members of the Sparks’ front office and Parker before she hired the 44-year-old former point guard.“All coaches get hired and fired,” Fisher said with regard to his time in New York. “What Penny said about learning through adversity, evolving and growing – the book is not finished yet. If you open a book and it’s 300 pages long, you can’t assume how it’s going to end on page 57. You’ve got to read the whole book. This is a good opportunity for me to write my coaching book.”Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.He said his stint in New York taught him lessons he’ll employ in L.A., including that he needs to emphasize communication. He also said his playing experience with the Lakers will help lead a team in an increasingly fluid, position-less style of game.“The championship teams I played on here in L.A. in ’09-10, even ’08, we had Lamar Odom at the four and Pau Gasol at center and (Trevor) Ariza and Kobe (Bryant) and myself,” Fisher said. “There was a versatility to the game, five players that all could make good decisions with the basketball, who all could shoot, all could defend. This roster has the framework in a very similar way.”Fisher said he had conversations with representatives of college programs and other professional teams prior to accepting the Sparks’ offer, but he said he doesn’t view his new position as a stepping stone to another NBA coaching job.“I’m here,” said Fisher, adding he and Toler have yet to begin filling out a staff that he hopes will help the team increase its pace of play. “There isn’t a future outside of what we’re here to talk about today. I’m the coach of the L.A. Sparks and that’s what it is. And I’m happy about it.”Parker said she was a proponent of Fisher’s hiring because she’s excited about his championship pedigree.“He’s won championships,” she said. “And until I won a championship with L.A., I didn’t realize how much it matters to have that experience and knowledge.”
Transfer rumours and paper review Here’s the top transfer-related stories in Saturday’s newspapers…Liverpool boss Brendan Rodgers has promised to pursue a world-class striker right up until deadline day, with Radamel Falcao, 28, and Edinson Cavani, 27, in the frame. (Daily Mirror) Tottenham are preparing to make a move for Roma’s Italy international striker Mattia Destro, 23. (Times) PSG, Monaco and Real Madrid are all keen on signing Chelsea goalkeeper Petr Cech, 32, who has lost the battle for the Chelsea number one jersey to 22-year-old Thibaut Courtois. (Daily Mail) Real Madrid have slashed their asking price for Sami Khedira in an effort to tempt Arsenal into a move for the 27-year-old midfielder. (Metro) Sunderland striker Steven Fletcher, 27, is the leading candidate to replace Shane Long at Hull City. (Sun) Roma’s sporting director has travelled to London to discuss 27-year-old Mehdi Benatia’s potential £30m transfer to Chelsea. (Daily Express) Midfielder Yaya Toure, 31, will not be offered a new contract by Manchester City despite settling his differences with the club. (Daily Mirror) Boss Louis van Gaal has intensified his efforts to sign Inter Milan’s Colombian midfielder Fredy Guarin, 28, after Manchester United’s intended move for Juventus’ Arturo Vidal stalled yet again. (Daily Star) Paris St-Germain midfielder Adrien Rabiot, 19, has refused a new contract at the French club with Arsenal and Chelsea ready to step in. (Daily Express) Manager Gus Poyet says Sunderland face a battle to keep hold of striker Connor Wickham, 21, with West Ham waiting to pounce. (Daily Mail) Harry Redknapp wants Lokomotiv Moscow’s Lassana Diarra, 29, at Loftus Road but the former Real Madrid midfielder will have to take a pay cut to join QPR. (Daily Mirror) And here are the latest talkSPORT.com transfer tales and exclusives…Leeds United poised to sign second striker in a weekArsenal and Tottenham to do battle for Italian forward?Fulham star wanted by Ajax and Werder BremenManchester City youngster set for Spanish loan moveExclusive – De Boer opens door to Ajax move for ex-Chelsea starLambert remains uncertain over Vlaar’s Aston Villa futureQPR pull out of race to sign Championship strike starLiverpool transfer blow! La Liga champions line up Reus bidExclusive – Rodgers insists: ‘It was the right time for Suarez to leave Liverpool’Exclusive: Rooney is the RIGHT man to captain Man United, insists Dutch legendExclusive: Tottenham have ‘very good’ chance of top four, insists FriedelExclusive – Pulis may have left Crystal Palace to maintain managerial reputation, claims Warnock 1