The general also emphasized the fact that this year, Brazil has an additional reason to celebrate, aside from the fact that it leads the ranking of participating nations among CISM members. “This event has a special reason for being. Nobody imagined that Brazil would host the 5th Military World Games, organize them so well, and finish in first place in the competition. It couldn’t get any better,” he raved. By Dialogo April 20, 2012 Organized by the Defense Ministry (MD) and the International Military Sports Council (CISM), the initiative had the support of Military units from the Brazilian Army, Navy, and Air Force. According to him, the Run for Peace is a good opportunity to show that the Armed Forces are not restricted to the barracks. Over 2,000 people, including civilians and Military personnel, participated in the CISM Day Run – Run for Peace on April 15. This year, the event celebrated the first-place finish by Brazilian athletes at the 5th Military World Games. For Army Staff Sergeant Edmar de Oliveira Ribeiro, “gathering the family for this run is a way to motivate them, especially the children, to engage in physical activity.” This is the second year he has participated in the event. The chair of the Brazilian Military Sports Commission (CDMB/MD), Lieutenant General Fernando Azevedo e Silva, who participated in the race, appreciated the integration of Military personnel and civilians. “In Brazil, the credibility that the population attributes to the Armed Forces is evidence of the mutual respect between Military institutions and Brazilians.” The athletic event occurs simultaneously in all 133 countries that are part of CISM. It was created to celebrate the anniversary of the council, founded in 1984. The goal is integration with civil society through athletic activities. In Brasilia, the event had the support of the Planalto Military Command. The participants had the option of running or walking the 5K route.
This is the second time LD has put out its equity mandates to international competitive tender, with a total of DKK14bn of mandates being awarded this time.LD said today’s portfolio managers actively drew on information from risk managers when making their daily decisions, with risk management having become a strategic discipline.They are not afraid of risk, it said, but rather do not want to be surprised by unknown risks.Anderskouw said equity managers had taken serious account of the wishes of LD customers in the tender.“This is true not only on the risk side but also in areas such as responsible investment practice,” she said.“And it is particularly good to see that equities managers have revised their own bonuses.”She added that the managers were now putting the emphasis on sustainable returns.Earlier this month, MFS Investment Management and Fisher Investments won a global equities mandate and an emerging markets mandate from LD.In March, Carnegie Asset Management and Impax Asset Management won mandates for Danish equities and environment and climate, respectively.LD manages assets of around DKK53.3bn.In other news, Nordic and Baltic banking group Nordea said it reaped a DKK3.5bn gain from selling its stake in Nordic financial payments provider Nets, as ATP’s consortium completed its DKK17bn purchase of the firm.The consortium – comprising Danish pensions giant ATP and private equity firms Advent International and Bain Capital – announced the completion of the acquisition following approval from Danish, Norwegian, Finnish and EU regulatory authorities.Nordea said it was selling its 20.7% stake in Nets Holding to the consortium, gaining DKK3.5bn.Before the completion of the deal, Nets was owned by more than 180 separate banks.ATP and its joint venture partners announced the all-cash private equity investment deal in March.John Helmsøe-Zinck, managing partner at Via Venture Partners – the management company for ATP’s IT investments and a board member of Nets – said the company would now have the financial resources and operational expertise to make the big investment necessary to make sure it remained a market leader.“We are committed to accelerating the company’s growth and enabling the company to strengthen its international position,” he said. Denmark’s Lønmodtagernes Dyrtidsfond (LD) has praised the asset management sector, saying it found a higher quality of investment work and risk management when it conducted the pension fund’s latest DKK14bn (€1.9bn) round of equities outsourcing.Bente Anderskouv, head of equities at LD, said: “There are many particularly skilled equities managers throughout the world, and the most capable have even increased the quality of their investment work over the last few years.”LD, which manages a non-contributory pension scheme for Danes, based on cost-of-living allowances for workers granted in 1980, has recently awarded four equity mandates as part of an exercise to renew the outsourcing of most of its asset management.Anderskouv has spent more than a year working first on establishing LD’s equity strategy and then on the selection of the equity managers the pension fund would work with in future, LD said.