​PensionDanmark cuts bonds, adds to real assets in face of low yields

first_imgTorben Möger Pedersen, CEO, PensionDanmarkThe high return was due to significant growth from stock markets in the period and rising bond prices as a result of falling yields, the fund said. It also cited stable returns on credit, real estate and infrastructure investments.Möger Pedersen said it was even more important in a low-return investment environment to keep costs down. PensionDanmark’s work on digitalisation by using robot technology and artificial intelligence had aided this effort, he said.The pension fund reported a rise in contributions to DKK6.3bn between January and June this year, from DKK6bn in the same period in 2018. Total assets grew to DKK257bn at the end of June, from DKK240bn at the same point in 2018. PensionDanmark has made further cuts to its government and mortgage bond holdings in favour of real assets, in a bid to temper the impact of low interest rates.In its interim results, the Danish labour-market pension fund reported a rise in pre-tax investment returns for the first half of 2019, to 9.6% and 6% for 45-year-olds and 67-year-olds, respectively. This compared to 0.5% and 0.6% for the age groups in the first half of 2018.Torben Möger Pedersen, PensionDanmark’s chief executive, said: “Of course we are pleased with the great return in the first half of this year. Looking ahead though, we are probably looking at a longer period with low – even negative – yields, waning economic growth and significant geopolitical uncertainty as a result of factors including the trade conflict between the US and China, and Brexit.”Because of this, he said, investors had to adjust to the returns on pension savings becoming markedly lower in the next few years than they were in the last decade. “Our reaction to the low yields is a further reduction in our investments in traditional government and mortgage bonds and continued growth in our investments in sustainable real estate and infrastructure in order to secure a satisfactory return for our members in a zero-interest rate environment,” said Möger Pedersen.In July this year Denmark became the first developed economy to record negative yields on all its government bonds across the yield curve, according to Reuters.Nordic 10-year government bond yieldsChart MakerPensionDanmark reported an overall investment return at this year’s halfway point of DKK17.5bn (€2.3bn) before tax – its highest ever half-year return – compared with DKK1.1bn the year before.last_img read more

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Festive field raises $1,550 in annual Santa Run

first_img Taylor VorthermsSports Editor at The Ellsworth AmericanTaylor Vortherms covers sports in Hancock County. The St. Louis, Missouri native recently graduated from the Missouri School of Journalism and joined The Ellsworth American in 2013. Latest posts by Taylor Vortherms (see all) Part 1: Invisible, incapacitating concussions are sidelining high school athletes – July 19, 2016 Latest Posts ELLSWORTH — On a foggy Sunday morning, some 100 runners clad in holiday-themed costumes took off at the start of the fourth annual Santa Run.Outfits ranged from the classic Santa Claus suits and elf ears to Christmas trees and angels. A St. Bernard dog even added some color to the race by wearing a red and green tutu.The fundraiser — organized by Robin Clark and Sandra Finley — raised $1,550 for the Beth C. Wright Cancer Resource Center.The 5K course began at the Down East Family YMCA and ended at the Ellsworth Elementary-Middle School, where participants feasted on cookies and hot chocolate afterward.This is placeholder textThis is placeholder textThirteen-year-old Matt Shea of Ellsworth was the first male finisher in 20 minutes. Robin Clarke, 45, of Ellsworth was the top female finisher in 22:49.Top finishers in each age group are listed below:Female age 1-19: Abigail Mazgaj, 12, of Ellsworth (23:24).Male age 1-19: Jack McKechnie, 17, of Sargentville (20:03).Female age 20-29: Veronica Wentworth, 25, of Franklin (23:24).Male age 20-29: James Perry Jr., 26, of Eastbrook (21:05).Female age 30-39: Rachel Pelletier, 36, of Bar Harbor (25:54).Male age 30-39: Chris Wentworth, 37, of Franklin (23:01).Female age 40-49: Kimberly Formby, age 47 (25:14).Male age 40-49: Rob Shea, age 42 (20:44).Female age 50-59: Lisa Kearns, age 52 (25:44).Male age 50-59: Tom Kirby, age 59 (23:23).Female age 60-99: Robin Emery, 69, of Lamoine (32:41).Male age 60-99: Steven Gee, age 60 (26:23).On a foggy Sunday morning, James Kearns (center) and some hundred runners clad in festive costumes take off at the starting line of the Santa Run. PHOTO BY TAYLOR VORTHERMSAmanda and Steve Corson run the last stretch of Sunday’s Santa Run. PHOTO BY TAYLOR VORTHERMSBecka Gagne smiles while running in Sunday’s Santa Run. PHOTO BY TAYLOR VORTHERMSWith the finish line in sight, Jack McKechnie and Matt Shea pick up the pace as the first two finishers in Sunday’s Santa Run. PHOTO BY TAYLOR VORTHERMSFind more photos of Sunday’s Santa Run here.center_img Bio Part 2: When the injury is inside your head, some “don’t get it” – July 26, 2016 EHS names new boys’ soccer coach – July 13, 2016last_img read more

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Former County GOP Leader Dies; Monmouth U. Poll

first_imgBy Jay Cook |Republican Stalwart William Dowd RememberedWilliam Dowd, one of Monmouth County’s most visible and influential conservative figures over the past few decades, died earlier this week at the age of 74.A Long Branch resident, Dowd was the face of the Monmouth County Republican Committee while he served as its chairman from 1986 to 2004. That political activism stretched through most of his adult life dating back to his time in law school at Seton Hall University and Rutgers University.After admittance to the New Jersey and New York State Bar associations, Dowd went on to serve as a clerk to Judge James Coleman, a former New Jersey state assemblyman, and state Sen. Richard Stout, according to his obituary. That political career even took him to Washington, D.C., where he was an assistant to U.S. Secretary of the Treasury David Kennedy. Dowd was also a speechwriter as a staff assistant in President Richard Nixon’s administration.Dowd returned to New Jersey and embarked on his own political career. He ran for U.S. Congress unsuccessfully in 1970 and 1972, then won two terms as a state assemblyman from 1978 to 1981, where he served as the Parliamentarian.“He was brilliant – published in the New York Times more than just about any Republican – and a truly independent spirit,” state Sen. Declan O’Scanlon (R-13) said in a statement to New Jersey Globe, which first reported Dowd’s death.In a statement on its public Facebook page, the Monmouth County Republic Committee said Dowd, “made enormous contributions to the quality of life in Monmouth County, both as a Party Leader and through his legal work for many towns and the County. May he rest in peace.”His influence even extended across the partisan aisle. Red Bank Mayor Pasquale Menna, a Democrat, said Dowd was an influential Republican force.“We shared a respect for (Winston) Churchill and (Margaret) Thatcher. He and his firm represented Red Bank during the administration of former Mayor Michael Arnone,” Menna wrote on his Facebook page. “He always maintained his office in Red Bank. Freehold may have been the county seat, but Bill was known to hold his power talks at the courtyard of the Dubliner in the afternoons.” Monmouth U Weighs In on Midterm ElectionsThe strength of New Jersey’s Republican voting base will be put to the test this upcoming election season, much in part to the effect President Donald Trump has had on Garden State voters, one local poll found earlier this month.An April 16 Monmouth University Polling Institute report shows how the so-called Trump Effect could swing many of New Jersey’s Republican seats in the House of Representative over to Democrats.Monmouth University believes Democrats have a “formidable” 19-point advantage over Republicans in a state-wide generic congressional ballot test, while also finding that 54 percent of all registered voters would lean to or vote for a Democrat over a Republican.The “poor public opinion leads the list of factors behind the New Jersey GOP’s underlying problems,” according to Monmouth University’s analysis.That could signal major changes for at least one of the Two River-area congressional districts. U.S. Rep. Chris Smith (NJ-4), a Republican, is up for re-election later this year as he seeks his 20th consecutive term in Washington, D.C. U.S. Rep. Frank Pallone Jr. (NJ-6), a Democrat, is also running for re-election.“This is pretty astounding. Not only are New Jersey Democrats doing better on the generic House ballot statewide, but the shift is coming almost entirely from districts currently held by the GOP. If these results hold, we could be down to just one or two – or maybe even zero – Republican members in the state congressional delegation after November,” said Patrick Murray, director of the independent Monmouth University Polling Institute.New Jersey Democrats hold a 7-5 advantage in seats in the House of Representatives over their Republican colleagues. Every seat is up for re-election in 2018.This article was first published in the April 26-May 3, 2018 print edition of The Two River Times.last_img read more

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A line of cones won’t stop a speeding car but you can……

first_imgEvery year there are hundreds of incidents at road works sites that put road workers lives at risk and Local Authorities from around Ireland including Donegal County Council have joined forces to highlight the dangers that exist on a daily basis at road works sites.“Road works are a place of work for thousands of people and these workers have a right to expect a safe working environment” says Brian O’Donnell, Road Safety Officer with Donegal County Council.“For this reason the message is simple – a line of cones won’t stop a speeding car but you can. We know drivers want to get home but so do our workers – see the cones obey the zones.” He added “we are urging drivers to slow down and obey set speed limits at road works. Motorists who don’t obey these speed limits are putting not only their own lives at risk but also the lives of road workers and other road users.“We are asking motorists to follow the temporary road signage on display, stay alert for road workers and machinery and keep a safe distance from the vehicle in front and not to break the red light or ignore the flagmans stop sign.”Donegal County Council is part of a national campaign being led by Local Authority Road Safety Officers from all over Ireland known as “Orange Cone Safety Zone Week”.Brian O’Donnell added “For some reason a small minority of drivers still find it acceptable to put road workers lives in danger by not driving at the legal speed limit when they drive through road works. “This campaign aims to remind road users that road works are like any other work place, and all workers have as much right to work in a safe environment, whether it is on a road works site or in an office. The message is clear – A line of cones won’t stop a speeding car but you can. We know you want to get home but so do our workers – see the cones obey the zones.”A line of cones won’t stop a speeding car but you can…… was last modified: April 2nd, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:accidentcouncildonegaltraffic coneslast_img read more

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A bad turn of events unfold behind the plate for A’s

first_imgMESA, Ariz. — A’s catcher Chris Herrmann likely needs right knee surgery that will force him to miss the beginning of the season, manager Bob Melvin said Wednesday.Although neither Melvin nor team trainer Nick Paparesta had a definite timetable for Herrmann’s return, the manager does not think it is a season-ending injury.“I don’t want to get ahead of myself, as far as the surgery goes, but he’ll be playing at some point this year,” Melvin said. “Just not at the start.”Herrmann, who signed a …last_img

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Return to top four won’t be easy for Chiefs, Altas

first_imgLATEST STORIES View comments Mapua lost for the ninth straight time last Friday when the Cardinals dropped a 70-88 decision to the San Beda Red Lions. Leo Gabo, Denniel Aguirre and JP Nieles will be counted upon to turn Mapua’s fortunes around.The Stags are coming off an 81-69 drubbing of Emilio Aguinaldo College on Friday in a game where Michael Calisaan fired 19 points.But the Altas are also coming into the game with plenty of confidence, having beaten Letran, 88-82, in overtime also on Friday with Most Valuable Player race leader Prince Eze leading the way with another double-double.ADVERTISEMENT Nonong Araneta re-elected as PFF president Frontrow holds fun run to raise funds for young cancer patients  Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics00:50Trending Articles02:11CJ Peralta assures fair decision on Marcos poll protest vs Robredo01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Ceres: Mission possible vs Tajiks Don’t miss out on the latest news and information. LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fightcenter_img E.T. returns to earth, reunites with grown-up Elliott in new ad  Brace for potentially devastating typhoon approaching PH – NDRRMC Arellano and Perpetual Help try to continue their climb back to the top four as they clash with separate rivals on Tuesday in NCAA Season 93 at Filoil Flying V Centre in San Juan.Outlasting third-ranked Jose Rizal University last Thursday, 115-110, in double overtime, the Chiefs hope to inflict more misery on a shorthanded Mapua squad at 2 p.m.ADVERTISEMENT WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Read Next The Altas have a tougher assignment in the San Sebastian Stags, who can claim solo fourth with a victory in the 4 p.m. clash.“I just hope we stay consistent,” said Arellano coach Jerry Codiñera after the Chiefs pulled the rug from under the Heavy Bombers.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“We have to keep improving if we want to contend for a Final Four spot,” added CodiñeraThe Chiefs are pinning their hopes on veterans Kent Salado, Lervin Flores, Allen Enriquez and Zach Nicholls, although Kraniel Victoria and Archie Concepcion have also proven that they can deliver down the stretch. Fire hits houses in Mandaluyong City MOST READlast_img read more

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SIXTY SECONDS IN TOUCH

first_imgWelcome to another edition of Sixty Seconds in Touch…this week’s edition focuses on some fantastic achievements by groups and individuals in Touch around Australia…* Some may have already read the story on the TFA website about Wallsend Touch in NSW taking out the NSW Hunter Academy of Sport `sporting organisation of the year’ award. Please read the full story because it is a fantastic achievement and one that Wallsend and their volunteers should be incredibly proud of.* Roxy Winder from Queensland, was recently awarded a Rising Star award by Sport and Recreation Queensland. She was one of just 15 awardees and the only Touch player recognised! Roxy has regularly represented Australia at a junior level and was selected in the Aussie Womens Open side for the first time this year, competing at the 2005 All Nations Championships in New Zealand.* In some more big news…TFA has a new logo! The new logo will be put displayed on the website today and will be implemented over the coming months onto all areas of the website, letterheads, merchandise and clothing. Check it out later today!* Referees…the new logo is here and we’re going into production of new gear…the shirts are in already, while the shorts will be in over the next few days. Extras like hats, socks and waterbottles will take several weeks. Until that time we’ll continue to sell the remaining gear we have, please be patient as we may run out of certain sizes or styles, unfortunately it can’t be avoided! * School Sport Australia confirmed last week that the 2006 Australian School Sport Touch Championships will be held from October 22-27 in Perth, WA.* The TFA calendar of events is gaining momentum, it’s a great resource for sharing the dates and locations of tournaments and events around Australia. Check it out at http://www.austouch.com.au/index.cgi?sID=3 and if you have any events that you would like included, just email the event details, dates and locations to Casey at [email protected] * NSW Touch are selling 2005 Vawdon Cup DVD’s. Vision was taken of the Grand Finals in the Men’s Open, Women’s Open & Mixed divisions. The cost is $10.00. All inquires in regards to the purchase of the DVD should be made with Kylie Hearne, NSWTA Administration Manager, (02) 9558 9333.* In other NSW Touch news, the draft draw/pools for their State Cup are available at www.nswtouch.com.au * Due to the relocation of Jeremy Sorrensen from WA to the role of General Manager of Queensland…the job at WA is up for grabs! All the details on the position of WA General Manager can be found on our website. * Nominations are open for referees for the 2006 NTL, this year sees an early bird discount of 15% on the tournament levy for those that get their nomination in before the 14th December. Check out the following story for all the details and then get your nomination in early: http://www.austouch.com.au/index.cgi?det=1&intArticleID=1577&sID=46 * The deadline for applications for the position of Aussie Mixed Open Assistant Coach, has been extended until this Friday November 25th. Check out our website for details.* Azuma shoes are set to hit the office here next week. Make sure you keep an eye on the website for all the info regarding prices, what’s available, opening specials and how to order.* The next edition of Touch-e-Talk comes out in 2 weeks time. This edition will again be chock full with the NSW and Qld State Cups, affiliation, a word from the CEO, the new logo, NTL news, the Aussie 18’s upcoming training camp and more.* Remember, if you have any information for the weekly edition of Sixty Seconds in Touch or anything at all for the website, email Rachel at [email protected] By Rachel Grant [email protected]last_img
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10 months ago​Nasri set to earn West Ham deal after Wilshere injury

first_imgTagsTransfersAbout the authorFreddie TaylorShare the loveHave your say ​Nasri set to earn West Ham deal after Wilshere injuryby Freddie Taylor10 months agoSend to a friendShare the loveSamir Nasri is getting closer to earning a contract at West Ham United.With news that Jack Wilshere will be out for a while with another injury, the Hammers are speeding up plans to offer Nasri a deal.The veteran has come through a drugs ban and is available on a free transfer.The Evening Standard suggests that boss Manuel Pellegrini wants Nasri to add some creativity to his midfield.The Frenchman has previous Premier League experience with Arsenal and Manchester City. last_img

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