Swiss Pensionskassen returns for 2015 better than expected

first_imgSwisscanto has set the average 2015 return for Swiss Pensionskassen at more than 1%, which is higher than estimates from earlier this year. It placed the average Pensionskassen return at 1.13% compared with the Swiss regulator’s (OAK) estimate of 0.8% and the pension fund association’s (ASIP) figure of 0.7%.While the OAK and ASIP make their estimates before annual reports have been written, Swisscanto bases its research on final reported figures.Complementa, which does something similar with its own risk update, also reported an average return of just over 1%, although it emphasised that it would be collecting more data until the end of June. It also pointed out that the 1.1% average return was an equally weighted average, with returns ranging from -1.3% to 3.3%, and that the capital-weighted average was around 30 basis points lower.Prevanto partner Stephen Wyss, commenting on Swisscanto’s figures, said: “The final audited returns from the hedge fund and real estate portfolios in particular seem to have been higher than the initial estimates.”Swisscanto’s survey, like Complementa’s, shows an increased appetite for alternatives among institutional investors.In the Swisscanto sample, average exposure to alternatives increased from 5.4% in 2014 to 6.1% in 2015, although Wyss acknowledged this was “partly the consequence of a recent law change that bond-like instruments must be qualified as alternatives”.In total, almost one-third of the surveyed Pensionskassen have increased investments in alternatives, and another 20% plan to do so over the next three years.Of those, half are looking into infrastructure, which at present accounts for just 0.2% of the average portfolio.Wyss said infrastructure investments were “slowly but steadily getting more significant”, due in particular to their “hopefully regular cashflows”, but he argued that their lack of liquidity remained a problem.Prevanto was created last year when Swisscanto sold its actuarial advisory business after it was fully taken over by the Zurich cantonal bank ZKB.Prevanto supports Swisscanto in drawing up its annual pension fund survey.last_img read more

FIFA Still Silent on U-20 Women W’Cup in Nigeria

first_imgThe FIFA Council, which met Thursday in Shanghai, China, made appointments of future hosts of FIFA competition but was loudly silence on the 2020 Women’s Under 20 World Cup, which is assumed that Nigeria will host.Pronouncement on the conferment of hosting rights was expected to be made last September 12, but the meeting of the Organising Committee of FIFA did not come out with any report, despite making announcements on future competitions.Again yesterday, FIFA Council announced hosts of other competitions without that which Nigeria is interested in. The appointment of hosts of future FIFA competitions as announced runs thus: Indonesia as the host of the FIFA U-20 World Cup 2021, Peru as the host of the FIFA U-17 World Cup 2021, Russia as the host of the FIFA Beach Soccer World Cup 2021 In addition, Tokyo has been announced as the host of the 71st FIFA Congress in May 2021.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

NBA Draft 2019: RJ Barrett, Rui Hachimura and more emotional reactions to top selections

first_imgThe 2019 draft class was emotional after learning their fate, and rightfully so. After the players walked across the stage and shook NBA commissioner Adam Silver’s hand, they were greeted by ESPN’s Maria Taylor. In the moments following their selection, they shared touching moments with their parents, and one even had a message for his country after making history. NBA Draft 2019: Zion Williamson at a loss for words after being selected by Pelicans NBA Draft 2019: Knicks select RJ Barrett at No. 3 RJ Barrett, who was selected third overall by the Knicks, was joined by his father, Rowan. Barrett at one point rested his head on his dad’s shoulder while Rowan Barrett showed just as much emotion.”You have to be proud, very proud,” Rowan Barrett said. “I’m proud of you, son.” Related News NBA Draft 2019: Suns deliver first major surprise of night, pick Cameron Johnson at No. 11 He also addressed New York fans saying RJ “is going to give everything he has on the court,” while RJ wiped tears from his eyes.”You have to be proud, very proud. I’m proud of you, son.”RJ Barrett couldn’t hold back tears while his dad, Rowan, spoke with @MariaTaylor. #NBADraft pic.twitter.com/mqPSuhp59F— ESPN (@espn) June 21, 2019Rui Hachimura became the first Japanese born player to be drafted after he was selected by the Wizards with the ninth overall pick. He had a message for Japan.”I’m the first guy in the NBA to get drafted,” Hachimura said in his native language.Rui Hachimura is the first Japanese-born player to be drafted in the first round of the #NBADraft!This one’s for you, Japan 🇯🇵 pic.twitter.com/Tu6K2Syujf— NBA on ESPN (@ESPNNBA) June 21, 2019Other top selections brought emotional reactions from teammates.While Coby White was in the middle of a press conference following his selection at seventh overall by the Bulls, he found out his North Carolina teammate Cam Johnson was picked 11th.The move by the Suns was shocking to some, but not White.”Wow, wow, that’s crazy,” White said. “If y’all know Cam, you know how hard Cam worked. There’s a lot of people that doubted him. “I’m so happy for him right now. … He proved night in and night out he deserves to be in the conversation. … I’m getting chills.”Best backstage moment of the NBA Draft: Coby White (Picked 7th) is talking when his UNC teammate Cam Johnson gets picked 11th. pic.twitter.com/OAbMl7BbFB— Darren Rovell (@darrenrovell) June 21, 2019Matisse Thybulle was the first player out of the Pac-12 selected Thursday. The University of Washington product earned the 2019 Naismith Defensive Player of the Year award and garnered enough interested from the 76ers that they made a trade with the Celtics to secure the strong perimeter defender.After being chosen as the 20th overall pick, he shared the memory of his late mother, Elizabeth, who passed away in February 2015 after fighting Leukemia. “I wish she was here to see it,” Thybulle said, nearly speechless.”The way she fought for everything, even until the end when she was getting sick, she never let anything stop her from doing what she wanted to do. You saw that from when she became a doctor, it was just a trend throughout her whole life. So, I just try to be like that as much as I can.””I wish she was here to see it.”Matisse Thybulle talking about how his late mother inspired him is powerful. pic.twitter.com/DPF6SB44AL— ESPN (@espn) June 21, 2019last_img read more

Collaborate to Form Strong Alumni Association

first_imgDeputy Education Minister for Administration, Aagon F. Tingba, has called on the alumni of the African Methodist Episcopal Zion University (AMEZU) on Benson Street in Monrovia to collaborate among themselves to form a strong association to develop the institution.Mr. Tingba is an alumnus of the university. He made the remarks on Saturday at a souvenir program of the 2016 Alumni Homecoming event held on the university’s Po River campus in Vincent Town, Monrovia/Bomi Highway under the theme, “The Role of Alumni in an Institution.”“We need to help to improve the institution by applying for grants out there as well as offer our services to the institution by coming to teach. It is incumbent upon us to play some meaningful role in the upkeep of the university, because over the years some of our colleagues left the university without making the necessary impact on society,” Mr. Tingba said.He stressed the need for the alumni to work together to establish a strong network across the globe that would help to ensure that Zion remains one of the best tertiary institutions in the country.“As we gather here today, this is not about what makes us alumni, but what role we can play in the development of our Alma mater. There are some people who unconsciously try to down play their former institutions. We need to map out our potential to help each other,” Tingbah said.He said with the huge land space owned by the Zion University, the alumni must begin to identify projects that would be helpful to the development of the institution, adding, “Let us find time to come and teach and improve our colleagues’ academic standard.”For his part, alumnus Musa H. Bility lauded the outgoing leadership of the association for their collaborative efforts with the administration. He then urged the incoming leadership to do likewise.“I want the incoming leadership to identify projects especially physical projects for the next academic year so that we can do something better. This is the only way the alumni voice can be heard and respected. I want to pledge my fullest support to the Zion Administration,” Mr. Bility assured.Abednego C. Kofie, president of the AMEZU Alumni Association, lauded Mr. Bility for providing a 67-seater bus for the university, describing his gesture as the first in the history of the university.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more