Australia’s Future Fund makes a A$5.7bn Q1 loss

Posted on September 29, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Australia’s Future Fund makes a A$5.7bn Q1 loss

first_img“As the global economic impact of COVID-19 unfolds, the board will continue to prioritise portfolio flexibility, ensuring the portfolio is robust to a range of possible scenarios, and has significant liquidity.”“This will open opportunities from the current market to position ourselves for long-term returns,” he said.The fund’s chief investment officer, Raphael Arndt, said the fund sold more than 31 illiquid assets, raising a total of A$10bn. It had also sold interests in private equity in the secondary market, raising a further A$4bn.Asked to break down performance of individual asset classes, Arndt said the fund did not normally report asset class returns in detail.“Having said that, obviously the equities and credit sectors performed poorly, and in line – or roughly in line – with the markets.“So it was defensive overlay positions – foreign currency positions, interest rates options and our defensive hedge fund strategy – that helped insulate our portfolio in the downturn.”Arndt said the fund had taken advantage of “several opportunities” created by the recent US market correction.Asked if the fund was now poised to enter the market, he said: “Firstly, we need to understand what the outlook is likely to be. We are still in lockdowns.”It would take time, he said, to see whether the large amount of government stimulus around the world would be sufficient to offset the earnings disruption in the wake of COVID-19.The fund would look at assets, including illiquid assets, on a case-by-case basis to assess the price and value of a particular investment.“It is definitely the case that risk remains elevated, and it is very difficult to predict what is going to happen in the world,” he said. Australia’s A$160bn Future Fund made a loss of A$5.7bn (€3.8bn) in the first quarter of the year – an annualised loss of 0.2% for the financial year to date (July 2019-March 2020).The negative return did not factor in adjusted valuations for the fund’s illiquid assets, which the fund said would be done after June 30, as in every other year.The fund has managed to avoid the worst of the COVID-19 market crash because it began shedding some of its illiquid private market assets five years ago.Future Fund chair Peter Costello said it had prioritised reducing its exposure to illiquid assets over recent years.last_img read more

1st Dredging Today Conference Underway

Posted on September 28, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on 1st Dredging Today Conference Underway

first_imgJust a few minutes ago, at the Amsterdam RAI Convention Center, the Conference Manager J. Femke Hoogeveen officially opened the 1st Dredging Today Conference.The two-day event, collocated with the Offshore Energy and Exhibition Conference (OEEC), will gather expert conference speakers and panelists to discuss how the world in which the dredging industry operates is changing.On the first day, the audience will have an opportunity to hear about:Strategic plans for Chittagong Port – national and international scope, Rear Admiral M. Khaled Iqbal, Chairman, Chittagong Port Authority;Outlook for the dredging industry – Richard Brakenhoff, Industry Analyst, Rabobank;Middle East perspective on business climate trends – John Mackenzie, Business Development Director, NMDC;Future markets for dredging – Maurice de Kok, Business Development Director, Van Oord Dredging and Marine Contractors.The first day also includes Thematical session: Climate change and its impact on dredging.In particular this session will discuss what this means for the dredging community and how this drives demand for dredging solutions:The physical aspects of climate change: Rising sea levels, Rob van Dorland, Senior Adviser Climate, KNMI;Adaptation: Sustainable land reclamation in South East Asia in light of climate change Mark van Zanten, Senior Project Manager Water, Royal HaskoningDHV;Marine contractors and sustainability – what is our response to global challenges? – Sander Dekker, Sustainability Manager, Van Oord Dredging & Marine Contractors;The future of dredging: Sustainable vessels and equipment -Erik van der Blom, R&D Manager, Royal IHC.More info to follow soon!last_img read more

As world cowers, China glimpses virus aftermath

Posted on September 25, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on As world cowers, China glimpses virus aftermath

first_imgMasks and temperature checks areessential to enter most places and many eateries are banning diners from facingeach other in a mass “social distancing” campaign — no easy task inthe world’s most populous nation. (AFP) But ordinary life is far from normal. China is slowly emerging, with caution, from the shutdown sparked by the coronavirus outbreak. AFP As the rest of the world runs for cover,China — where the virus first emerged — is moving, guardedly, in the oppositedirection as domestic infections fall to nil following unprecedented lockdownsand travel restrictions. BEIJING – Restaurants are reopening,traffic and factories are stirring, and in one of the clearest signs yet thatChina is awakening from its coronavirus coma, the country’s “dancingaunties” are once again gathering in parks and squares.last_img read more

Greensburg woman arrested for stealing from mother

Posted on September 24, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Greensburg woman arrested for stealing from mother

first_imgGREENSBURG, Ind. — A Greensburg woman was arrested after police say she robbed her mother at knife point and hit her.Ashley Biddinger, 19, was arrested on Friday, facing charges of armed robbery, domestic battery, and theft. According to the Greensburg Daily News, court documents show that Biddinger was at her mothers house with her two children looking for a credit card.When she couldn’t find the credit card, she hit her mother and threatened to kill everyone if the card was not given to her.Her mother then gave her the card and then barricaded herself and her grandchildren into a room, waiting on her husband to come home.Biddinger’s father found her and took her to the Decatur County Jail, where she was arrested and booked.A police report also cited that Biddinger admitted to stealing her mother’s social security card, cell phone, and bank card, which she used to make 2 withdraws around $500 each.last_img read more

Brady moved for Ireland future

Posted on September 21, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Brady moved for Ireland future

first_imgRobbie Brady has admitted he took the agonising decision to leave Manchester United to protect his fledgling international career. The 21-year-old winger completed a permanent move to npower Championship outfit Hull last month after two successful loan spells at the KC Stadium, and is now fully engaged in the Tigers’ bid to drag themselves back into the Barclays Premier League. He will hope to win his fifth senior international cap when Ireland entertain Poland in a friendly at the Aviva Stadium. Brady said: “I have always been a Manchester United fan and I always will be. I love the club. But it was just the right time for me to get out and play. “I need to be playing every week, especially if I want to stay in the international set-up, so it was the right move. Obviously, part of me is disappointed and thinking, ‘What if?’, but you go away and play and work your way back to the top.” However, while Brady felt he had to leave United, he will always be grateful for the years he spent there learning his trade. Asked if he was determined to prove Sir Alex Ferguson wrong for letting him go, he said: “He’s got a lot to think about. He’s got so many players to accommodate and make sure he gets the best out of his players. “I’ve been taught so much at Manchester United in the last few years, I really appreciate everything they have done for me. But I would love to go back and hopefully show him something while I get back to the top.” Brady scored on his senior international debut in a friendly against Oman in September last year and has figured in each of the three games Ireland have played since. Indeed, Giovanni Trapattoni turned to him in his hour of need when, after a 6-1 World Cup qualifier drubbing by Germany in October, he handed him a start in the 4-1 defeat of the Faroe Islands in Torshavn amid a frenzy of speculation over the manager’s future. Brady said: “I had been playing well before that and to have his trust put in me, it was brilliant for me. I was over the moon when I got the nod. Although I thought I could have played a bit better at times, I was still happy with the start. I know he’s got faith in me, so hopefully I can repay that by playing well.” center_img Press Associationlast_img read more

Sole switches on the power

Posted on September 21, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Sole switches on the power

first_img Moore said: “He’s probably the best five-furlong horse in England and Ireland. He was back to his best today. If he gets a hard pace to run at he’s about the best there is.” Lynam added: “Ryan said he was super today. Unlike his trainer, he is improving with age. He’s very honest – too honest – and Ryan loved him today. “We’re looking forward to another good season. If he gets three things – his ground, that he’s bouncing out of his skin, and that Ryan Moore rides – he’ll go to the Temple Stakes. If not, then he’s off to the King’s Stand at Royal Ascot.” Kingsgate Native’s effort delighted his trainer Robert Cowell, who said: “He’s nine years old and showing no signs of stopping. “He looked a bit burly today but the plan was to have him ready to defend his title in the Temple Stakes. I don’t think he’ll be going to Royal Ascot anyway.” Press Association Sole Power recorded back-to-back-victories in the Pearl Bloodstock Palace House Stakes at Newmarket with another classy display.center_img Ryan Moore brought Eddie Lynam’s dual Group One winner to lead inside the final furlong after Justineo and Stepper Point had made the running in this Group Three five-furlong dash. Despite having to be switched right for a clear run at a vital stage, the 9-4 favourite found a terrific turn of foot and got home by half a length from Kingsgate Native, who was also second 12 months ago. Hot Streak was another head away in third. last_img read more

Roos Weers, Lies Lagerweij, Laura Hurff all named as All-Americans

Posted on September 16, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Roos Weers, Lies Lagerweij, Laura Hurff all named as All-Americans

first_img Facebook Twitter Google+ Three Syracuse players were named to the National Field Hockey Coaches Association All-American team on Tuesday.Defenders Roos Weers and Lies Lagerweij were both named to the second team and midfielder Laura Hurff was named a third-team All American. It was Hurff’s third-straight All-American appearance and the second-straight year Lagerweij and Weers were selected. All three had already been selected to the All-Mideast region first team.Hurff, a senior, was a first-team All-American as a sophomore and a second-team All-American as a junior. She finished her senior season with five goals and six assists. She finished her SU career with 20 goals and 15 assists.Syracuse’s two first-team All Americans from the 2016 season, Weers and Lagerweij, finished 2017 one tier lower as second-team All Americans. Lagerweij, a senior, tallied five goals and three assists this season to conclude her Syracuse career with 27 goals and nine assists.Weers, a junior, tied for the team-high with seven goals this season to go along with five assists. She’ll enter her final year already having accumulated 32 goals and 21 assists. Her 32 goals tie her for 15th in program history.AdvertisementThis is placeholder textAll three of SU’s All-American representatives were defensive contributors and keys to the Orange opening the 2017 season with a program-record seven-straight shutouts.Syracuse’s season concluded in the first round of the NCAA Tournament in Ann Arbor, Michigan, in a 1-0 overtime loss to Michigan. Comments Published on December 5, 2017 at 3:36 pm Contact Billy: wmheyen@syr.edu | @Wheyen3last_img read more

Not debatable: Badgers fall to Buckeyes, now worst team in program history

Posted on September 16, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Not debatable: Badgers fall to Buckeyes, now worst team in program history

first_imgIt took 39 games, but the Wisconsin men’s hockey team finally reached a new record low.In a season filled with struggles, the Badgers came up empty-handed yet again, this time by way of a 2-0 defeat against Ohio State at the Kohl Center in the final regular season game of the year.The defeat pushed the Badgers to their 25th loss of the 2014-15 campaign, surpassing the 24 losses of the 1975-76 Badger squad, which was the previous high for most setbacks in one season.Wisconsin head coach Mike Eaves said he liked the effort of his players Saturday night, but that didn’t translate into the desired outcome.“There’s not one young man in that locker room that didn’t want to play really well tonight,” Eaves said. “But it just didn’t happen.”Not surprisingly as the third lowest scoring team in the nation, Wisconsin (4-25-5, 2-15-3-2 Big Ten) failed to find the back of the net and got shut out for the fifth time in the last seven games.But Ohio State (13-18-3, 8-11-1-1) couldn’t solve Joel Rumpel either, and the teams remained scoreless almost until the halfway point of the tilt. But before the teams reached that halfway mark, OSU struck for the only goal it needed. OSU’s David Gust slid a backhanded centering feed to the front of the net, and Tyler Lundey slammed the pack into a vacated net with Rumpel down and out to give the Buckeyes a 1-0 lead 8:54 into the second.Although that proved the pivotal score, Eaves said the turning point of the game came when UW’s Cameron Hughes sustained an upper body injury. Jedd Soleway had trouble getting into the bench after he had gotten hurt earlier in the sequence, and when Hughes skated by the bench with the puck, he got slammed hard into the open door. Hughes left the game with an undisclosed injury and did not return, although Soleway did return to the game.“I thought he broke his arm,” Eaves said. “The anguish in his face was pretty good and that just was typical of the night.”Already down a goal and one player, Wisconsin lost senior Matt Paape with less than five minutes to go in the second period when he took a five-minute major and a game misconduct for a check from behind.The Buckeyes couldn’t score on the subsequent extended man advantage, but the Wisconsin offense continued its own struggles after it got back to even strength.The Badgers managed just 17 total shots in the game, the sixth time this season they have failed to record at least 20. According to Eaves, Rumpel was the big reason Wisconsin managed to even stay in the game, as the senior stopped 32 of 34 shots in the final two periods in his last home game.Ohio State would tack on an insurance goal with a little less than 10 minutes to play when Matthew Weis zipped a shot past Rumpel from the left wing on a sharp angle.But despite yet another loss this year, Rumpel and the rest of the Badgers remained optimistic after the game, with their eye on the team they will meet in the first game of the Big Ten tournament next Thursday.“They better watch out,” Rumpel said.Wisconsin will take on third-seeded Michigan Thursday in Detroit in the first round of the conference tournament.Badgers salvage tie with Buckeyes Friday nightThe Wisconsin men’s hockey team played the second 30 minutes of Friday night’s game against Ohio State like there was no tomorrow after it was nowhere to be found in the first half of the series-opening contest.But after falling down a goal twice in game one of their last home stand of the season, the Badgers never quit against Ohio State, battling the Buckeyes to a 2-2 draw and a shootout that OSU won in the tenth round.Both teams got out to a slow start in the first period, especially the Badgers, who registered only six shots on goal in the first 20 minutes.  Fortunately, Wisconsin goaltender Landon Peterson, who started in place of the usual starter Rumpel, played well to keep the game scoreless heading into the second.While the Badgers finished strong, Eaves was unhappy with how his team came out to start the game.“It becomes a balance act. For a period and a half, we were disappointed,” Eaves said. “We looked distracted. We didn’t look like we were ready to play in the first period.”Wisconsin senior captain Brad Navin agreed.“We had guys who didn’t show up until halfway through the game,” Navin said.The weekend was also Wisconsin’s senior weekend, which Eaves said may have distracted his team a bit at the start of the game.Wisconsin’s play improved in the second period, but that did not prevent the Buckeyes from taking the lead 13 minutes into the period. Lundey scored on a rebound to give the Buckeyes a one goal lead that they would take into the final period.Wisconsin seniors Navin and Peterson made their senior weekends memorable in the final period. Three minutes in, Navin connected on a power play goal to tie the game and snap Wisconsin’s 183-minute goal drought. After an Ohio State goal put the Buckeyes ahead again, Navin tied it up again for the Badgers with 3:57 to play, giving him a two-goal game.  Peterson may have been the biggest hero of the night, making a brilliant save on an Ohio State breakaway that came with just more than a minute left in the game.After a scoreless overtime, Ohio State prevailed in a shootout that does not count toward the teams’ NCAA records, but gives the Buckeyes an extra point in the Big Ten standings.last_img read more

Quirky Hansel Robles needed a change to blossom with the Angels

Posted on August 26, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Quirky Hansel Robles needed a change to blossom with the Angels

first_imgBesides a plus fastball and a changeup that drops off the table, Robles occasionally tries to fool hitters with an unorthodox motion. He will essentially pump fake with his lead leg when he’s about to deliver the ball.“I don’t know what he’s doing with that, but that’s his thing,” Smith said with a smile. “Everyone has their own quirk and something that makes them special. If it brings him confidence and a little swag out there, I’m all for it.”Robles said the Mets wouldn’t allow him to do it. The Angels seem to have no issue with it, which is further evidence to him that he’s in the right place.“They are more relaxed with me,” he said. “They let me be myself. They embrace who I want to be as a player on a day in and day out basis. I feel like I’m at home here.”UP NEXTAngels (LHP Dillon Peters, 3-3, 4.81 ERA) vs. A’s (RHP Homer Bailey, 13-8, 4.55 ERA), Tuesday, 7:07 p.m., Fox Sports West, 830 AM Angels’ Mike Trout working on his defense, thanks to Twitter Robles, who prefers the nickname Caballo Blanco because of his love for white horses, smiles broadly when describing the video.“I like it a lot,” he said.When the video first debuted, Manager Brad Ausmus was distracted from the field enough to take notice. He later called it “buzzworthy.”Since then, Ausmus has become more familiar with the quirky, outsized personality that inspired that video. Robles is always in his ear, telling his manager that he can play shortstop, or at least that he should let him take batting practice.All of it – from the video to the boom box – plays much better when accompanied by success.Arguably the best pitching acquisition in General Manager Billy Eppler’s four seasons, Robles has blossomed in a season and a half with the Angels. He became the closer in April and has converted 22 saves this season.“Last September he kind of opened everyone’s eyes and he’s kept it rolling right through the offseason and through the 2019 season,” Ausmus said. “He’s certainly exceeded what our expectations were going into the season.”When the Angels claimed Robles, he’d posted a 4.07 ERA in three and a half years with the Mets, including a 5.03 mark in the first half of 2018.But Eppler saw potential.“He’s got big tools, and if you can kind of highlight somebody’s strengths and give them a particular approach that might allow them to enhance those tools, there’s upside in that,” Eppler said.Robles posted a 2.97 ERA with the Angels over the rest of the 2018 season, but he didn’t truly have his breakthrough until a couple months into this season.Robles had relied on his 97 mph fastball and a slider, only occasionally throwing his changeup. When he did, he had two changeups, one that he threw for a strike, and one that was a swing-and-miss pitch he used when he was ahead.That pitch, one thrown with a split-finger grip, was the one the Angels wanted to accentuate.Robles said bullpen coach Andrew Bailey was the one who helped tweak his grip with that pitch, enough that Robles could be consistent enough with it to make it his primary offspeed pitch. It replaced the slider, and the other changeup.“I think it was just helping him realize that it was a strength of his, not really a third pitch,” Bailey said. “The movement qualities of the pitch are actually elite.”Most changeups actually break slightly to the pitcher’s arm side, so right-handed pitchers throw fewer changeups to right-handed hitters than lefties, because the pitch breaks toward the hitter.A splitter, however, has more of a straight down drop, which makes it effective against righties and lefties.Robles had thrown his changeup just 5.4 percent of the time through the end of May. Since then, he’s increased the percentage each month, from 22 to 30.5 to 33.1 to 46.5 percent in September.Not coincidentally, he’s been more successful. Robles had a 4.26 ERA at the end of May, and since June 1 he has a 1.19 ERA, with 47 strikeouts and nine walks in 45-1/3 innings.“I think it’s a great tool for him to add to his arsenal,” catcher Kevan Smith said. “He does a great job keeping hitters off balance. If I was hitting against him, I would think he’s a fastball-slider guy, if you have a nasty changeup like that, you’ve really got to respect it.”Related Articles ANAHEIM — When the Angels claimed Hansel Robles on waivers last summer, they could not have fully imagined just what they were getting.Beyond Robles’ physical tools, which the Angels have helped mold into one of baseball’s best relievers in the second half this season, they got a player overflowing with a personality that he says had been stifled with the New York Mets.“Here, they let me be who I am,” Robles said through an interpreter. “They embraced me. They let people be comfortable.”A 29-year-old Dominican, Robles struts around the Angels’ clubhouse, playfully joking with teammates, clubhouse workers and reporters in three languages: English, Spanish and Japanese. Lately, he’s been carrying a gold 1980s style boom box, which blasts music with a Latin flare.And, of course, on the field he is now known for the epic entrance created by the Angel Stadium entertainment staff in April. Dramatic theme music from The Undertaker – his favorite pro wrestler – plays while he slowly jogs to the mound, as the video board shows a montage of falling red rose petals, white horses and candles. Someone in the ballpark entertainment control room wears a white horse mask under a black hood. Jose Suarez’s rocky start sinks Angels in loss to Astros center_img Angels offense breaks out to split doubleheader with Astros Angels’ poor pitching spoils an Albert Pujols milestone Newsroom GuidelinesNews TipsContact UsReport an Error Angels’ Shohei Ohtani spending downtime working in outfield last_img read more

Young athletes star as Regents hosts international Primary Games

Posted on August 12, 2020Categories lodfkjsaTags , , , , , , , , , , ,   Leave a comment on Young athletes star as Regents hosts international Primary Games

first_imgPrincipal Gillies was thrilled with the Games, saying: “It was terrific welcoming so many pupils, parents and staff to our FOBISIA Games this year.  The atmosphere on campus was electric and all teams competed with enthusiasm, pride and sportsmanship.  The facilities at Regents ideally lend themselves to catering for big numbers and this is the third Games we have hosted this year.”Gold for Regents in the U11B Teeball.The months of training paid off for Regents Pattaya athletes who secured the following medals:Swimming – 27 gold, 19 silver, 16 bronzeAthletics – 19 gold, 10 silver, 13 bronzeTeeball – gold in the U11B, silver in the U10B, bronze in the U11A, with the U10B coming in 4th placeFootball – silver in the U10 Girls, U10 Boys and U11 Girls, and bronze in the U11 Boys.For further information on sporting activities at Regents Pattaya international school, visit website: www.regents-pattaya.co.th.Swimming silver for the Regents relay team.Preparation is a crucial part of launching the shot.Regents U10 Boys secured silver in the football tournament.Uplands take on Intl. School Brunei on the football field.A trio of aspiring athletes pose for a photo during the track and field section of the Games.On your marks…Ready to hit another Teeball homer. Regents International School Pattaya hosted a hugely successful 2017 Primary FOBISIA Games over three days last week, from May 19-21.  The Games attracted Year 5 and 6 athletes from the International School Brunei, North London Collegiate Jeju, Harrow International School Beijing, the International School Penang Uplands Malaysia and St Andrews Bangkok.Crown Prince of Brunei, Prince Haji Al-Muhtadee Billah (left) is greeted Regent’s Acting Principal, Grant Gillies.The Games kicked off at Regents on Friday with swimming and athletics.  On Saturday, the venue for the Teeball competition switched to the Thai Polo Club as Regents grounds were being used for its IB Graduation.  The action switched back to Regents on Sunday for the football tournament.All athletes had spent some months training for the Games, which are considered one of the highlights on the FOBISIA (Federation of British Schools in Asia) sporting calendar, and the event was superbly organised by the Regents PE Department.Very special guests at the event were members of the Brunei Royal Family who had come along to support their eldest son who was competing as part of the International School Brunei squad.  His Royal Highness Crown Prince Haji Al – Muhtadee Billah and his wife, Sarah, Crown Princess of Brunei, were welcomed to Regents by Acting Principal, Grant Gillies.last_img read more