Dutch roundup: KLM, Philips, Vervoer

first_imgThe €7.4bn KLM pension fund for ground staff (Algemeen Pensioenfonds) attributed its quarterly return of 1.6% in particular to the performance of equities and real estate, which generated 5.4% and 2.3%, respectively.Its return over the full year was 0.7%, with real estate and equity returning 8.6% and 3%, respectively.It lost 0.9%, however, on its 52% fixed income portfolio.The ground staff scheme closed the year with a funding of 111.1%The €2.5bn KLM pension fund for cabin staff said a fourth-quarter return of 1.9% allowed it to avoid reporting a loss for 2015, ultimately delivering 0.5%.Real estate, returning 8.6% over the year, was the best performing asset class.The scheme said its equity holdings returned 3%, whereas its fixed income generated an annual loss of 1%.At year-end, funding at the Pensioenfonds KLM Cabinepersoneel stood at 108.5%.Meanwhile, the €17.6bn Philips pension fund reported a quarterly return on investments of 1.1%, which it attributed in particular to real estate and equity.It said its annual return was 1.2%.During the past three months, high-yield credit and emerging market debt delivered positive results.In contrast, euro-denominated government bonds, global government bonds and commodities all declined.The pension fund said it official policy funding stood at 111.7% at year-end and that its assets had dropped from €19.8bn to €17.6bn over the fourth quarter.Lastly, the €20bn sector scheme for public road transport (Vervoer) reported annual and fourth-quarter returns of -1.5% and 0.7%, respectively.Vervoer said its policy funding stood at 104.4% at year-end. The three large KLM schemes and the Philips Pensioenfonds have reported “modest” results for 2015, with KLM’s pension fund for cockpit staff performing best with a 2.3% annual return.At least one KLM scheme, thanks to relatively strong performance over the fourth quarter, was able to avoid closing out the full year with a loss, according to the schemes’ quarterly report.The €7.9bn KLM scheme for cockpit staff (Vliegend Personeel) reported a fourth-quarter return of 1.5%.Its policy funding – the criterion for indexation and rights cuts – stood at 122.9% at the end of 2015.last_img read more

Asset management roundup: Natixis launches infrastructure affiliate

first_imgCredit: Manuel JosephShanghai, ChinaAegon Asset Management has signed a memorandum of understanding (MoU) with the Shanghai Lujiazui Administration Bureau, a free trade zone in China, with a view to jointly supporting the establishment of a global asset management centre.Aegon said the agreement “signalled its intention” to set up a subsidiary in Shanghai to distribute products to China’s high net worth and institutional investor sectors.The company already has a partnership in China with Industrial Securities, known as Aegon Industrial Fund Management Company (AIFMC), which was set up in 2008. The new company in Shanghai would “complement AIFMC’s distribution strategy and investment capabilities”, Aegon said.Martin Davis, head of Aegon Asset Management Europe, said: “As signatories we will be one of an early group of global asset managers able to bring world class investment strategies to the domestic Chinese high net worth and institutional market.“As such we are extremely pleased to be working with the Shanghai Lujiazui Administration Bureau to establish this new centre of asset management excellence.” Jean Raby, CEO of Natixis Investment Managers, said: “At a time where the infrastructure investing market is growing significantly, creating a stand-alone specialised affiliate, with an entrepreneurial approach and proven track record, will enable global investors to more easily access the infrastructure investments fitting their specific needs and constraints.”The launch of Vauban follows a number of additions to Natixis’ line up of affiliates focused on real assets and alternatives, including the creation of Flexstone Partners in December 2018, the acquisition of MV Credit in June 2018, and the launch of a private real asset debt co-investment offering run by Ostrum Asset Management and Natixis’ investment banking arm.Aegon targets China onshore market Natixis Investment Managers, one of Europe’s biggest investment houses, plans to launch a new subsidiary focused on infrastructure.Subject to approval by the French regulator, Vauban Infrastructure Partners will oversee €2.8bn in assets and join Natixis’ network of asset manager affiliate companies. It has been spun out of Mirova, which Natixis established in 2014.The affiliate firm will be run as a partnership, Natixis said, with Gwenola Chambon as CEO and Mounir Corm as deputy CEO. The Vauban team has raised five funds and bought more than 50 assets during 10 years of operatons as part of Mirova.Corm said Vauban aimed to double its assets under management in the next few years, adding: “Our mission is to continue to deliver long-term sustainable value to all our stakeholders, including investors, local communities, public entities, employees, and industrial partners, with the highest quality of service.”last_img read more

Coronavirus forces fan ban at Italian football games

first_img Loading… Upcoming matches in Italian Serie A and the Europa League will be played behind closed doors to combat the spread of coronavirus, the Italian sports minister announced on Monday evening. A bar next in central Milan closes following security measures against the coronavirus mount “Following the demands of the sports world and knowing that the ban on sporting events open to the public remains in force in six regions of northern Italy, we have agreed to the holding of matches behind closed doors,” said Sports Minister Vincenzo Spadafora after a meeting of the Council of Ministers. Inter Milan themselves announced their Europa League match with Ludogorets on Thursday would be played with no fans present. “In agreement with UEFA, the Lombardy regional health authorities and Milan city council, our return game with Ludogorets will be played behind closed doors,” an Inter statement said. The sports minister did not specify which Serie A matches at the weekend would be included in the ban. There are six games in the regions he mentioned, including the clash on Sunday evening between leader Juventus and third-place Inter. Italy reported its seventh death from the virus on Monday and it has the most confirmed cases in Europe. Eleven towns – 10 in Lombardy and one in neighbouring Veneto – are under lockdown, with some 50,000 residents prohibited from leaving. Promoted ContentThe Models Of Paintings Whom The Artists Were Madly In Love With7 Non-Obvious Things That Damage Your Phone5 Of The World’s Most Unique Theme Parks9 Facts You Should Know Before Getting A TattooWho Is The Most Powerful Woman On Earth?Who Earns More Than Ronaldo?This Is The First Meme Ever, According To The Internet7 Reasons Why You Might Want To Become A VegetarianWho Earns More Than Ronaldo?11 Most Immersive Game To Play On Your Table TopWhich Country Is The Most Romantic In The World?8 Most Interesting Sylvester Stallone Movies Napoli’s Champions League match against Barcelona on Tuesday is not at risk. The alternative to banning fans is to postpone games and Gabriele Gravina, the president of the Italian Football League made clear earlier in the day that he was opposed to that. Read Also: UCL: Lampard hopeful Chelsea underdogs can bite Bayern again “We have made an official request to Health Minister Roberto Speranza to have this game played behind closed doors,” Gravina told the press. “We expect a quick response, but we have been told that the outcome will be positive.” Other sports were also hit with the Italian Olympic Committee (CONI) confirming that in line with government instructions, all events in the Lombardy and Veneto regions would be postponed. Regional authorities have ordered gathering spots, such as bars, restaurants, cinemas and discos to close. FacebookTwitterWhatsAppEmail分享 last_img read more

Bacolod-Iloilo sea trips resume June 15 but ‘leisure travel’ still prohibited

first_imgEarlier, the PCG commander said ferry operators still need to apply for a special permit before the Maritime Industry Authority prior to resuming passenger operations. However, ferry operations will only be limited to the transport of locally stranded individuals and authorized persons outside of residence, according to PCG-Negros Occidental chief, Lieutenant Commander Jansen Benjamin yesterday. BY DOMINIQUE GABRIEL BAÑAGA For authorized individuals who are residents of Bacolod City, they would no longer be required to get a travel authority. Instead they would need to show their company identification card (ID), which would prove that they are working in Iloilo City.  “Leisure travel will still be prohibited,” said Benjamin, saying this development came after the city government, ferry operators and concerned agencies agreed to push the reoperation of passenger ships with several conditions in place. The same can be applied for Iloilo residents, wherein they would also be required to show their company ID, if they will cross to Bacolod City for work. BACOLOD City – Sea trips from this capital city to Iloilo and vice versa are set to resume on June  15, the Philippine Coast Guard (PCG) in  Negros Occidental announced.  He added ferry operators will still follow the minimum health protocols set by Marina such as boarding only 50 percent of the vessel’s total seating capacity, requiring passengers to wear face mask at all times, and disinfection of passenger accommodation areas after every trips./PN Benjamin said stranded individuals are required to secure documents from the barangay where they are temporarily residing, along with a travel authority and medical certificates.last_img read more

IMCA focused on best event in Super Nationals history

first_imgBOONE, Iowa – Drivers and fans won’t see a lot of changes in the facility or the format when they pull into Boone Speedway for the Sept. 4-9 IMCA Speedway Motors Super Nationals fueled by Casey’s.And IMCA President Brett Root believes that’s a good thing.“There are no race night changes. There were no major changes to the speedway since last year’s Super Nationals. This year we can focus on logistics and putting on the best event possible,” he said. “We are positioned to putting on the best event in the 35-year history of Super Nationals.”Southern SportMods joined the opening night card when they were added to the program last year and the Deery Brothers Summer Series for Late Models moved to Thursday.The pit area and hot pit viewing area have been expanded, with new spectator seating added on both sides of the track in recent seasons. With those improvements in place, Root and all of the IMCA Racing nation are next hoping for a more weather-friendly event this September.“Weather is always the wild card. Last year was our worst-ever in terms of the weather,” he said, recalling the wet week at Boone. “The last time we had that amount of rain was 1996, when the Modified main event was postponed to Sunday.”“That led to the purchase of the jet dryer the next year. The jet dryer was used more at last year’s Super Nationals than any year since 1997,” Root added. “We have a had a very good format in place and the only thing that would affect that is the weather. The changes we made in qualifying last year were made because we had no other options time-wise.”Two hundred and twenty-five drivers have already pre-registered for Super Nationals. Those early entries represent 20 states and Canada.“That’s about 75 ahead of this time last year,” Root noted. “As always, we encourage drivers to get entered and get pit stall applications in. Reserved stalls have always sold out at previous Super Nationals and I anticipate that to be the case again. There is plenty of non-reserved pit parking available but any drivers on the waiting list for concrete reserved stalls who don’t get them will receive refunds.”Entry forms and pit stall applications for Super Nationals are posted on both the IMCA (www.imca.com) and track (www.raceboone.com) websites and published in the July Inside IMCA newsletter.Entry fees, if paid before Aug. 25, are $40 for Modifieds, $50 for Late Models, $25 for Stock Cars, Hobby Stocks, Northern SportMods and Southern SportMods, and $15 for Sport Compacts.Super Nationals competitors can also pre-enter by calling the IMCA home office at 319 472-2201.Drivers in all divisions except the Late Models are required to pre-enter to be eligible for shares of $13,000 in championship bonuses. Modified, Stock Car, Hobby Stock and Northern SportMod drivers must also be entered ahead of time to be eligible to compete in the Sept. 2 50th anniversary Prelude special at Boone.There were 267 entries in the 2016 Prelude, which set the stage for a record car count of 906 at Super Nationals.After Southern SportMods headline the opening night show, which also sees qualifying begin for Hobby Stocks and Northern SportMods, the complete Sport Compact program will be held on Tuesday, Sept. 5. Modified and Stock Car qualifying starts Wednesday, Sept. 6. The Deery Series takes center stage on Thursday, Sept. 7 and the Fast Shafts All-Star Invitational is Friday, Sept. 8.Main events and races of champions for the Modifieds, Stock Cars, Northern SportMods and Hobby Stocks bring the week to a close on Saturday, Sept. 9.Both the Prelude and Super Nationals will be broadcast by IMCATV.last_img read more

Messi set to leave Barcelona

first_imgRelatedPosts Suarez agrees Atletico terms Barca president Bartomeu says he won’t go to war anymore with Messi Neymar bags two-match ban Lionel Messi has told Neymar he will leave Barcelona at the end of next season, according to sensational reports.The magical one-club Argentine pleaded with Paris Saint-Germain’s Neymar to return to the club this summer.According to France Football, the forward begged Neymar to come back and help the Catalans win the Champions League after falling to Liverpool in last season’s semi-finals.“Only together can we win the Champions League. I want you to come back,” Messi reportedly said in a phone call to the Brazilian.“In two years, I’m leaving, and you’ll be alone, you’ll take my place.”By the end of the 2020/21 campaign Messi will by 34 years old and probably not ready for retirement.That means a host of top clubs could be vying for his signature – including his former youth team Newell’s Old Boys.Meanwhile, several Barcelona players, including Gerard Pique, have openly revealed they tried to convince Neymar to return to the Nou Camp this summer.The players were reportedly that desperate they offered to take a payout to help broker a deal which could have surpassed the £200million PSG paid for the attacker.“We didn’t stump up money,” Pique told El Larguero in October.“What we said to the president was whether we could change our contracts because we knew there was a Financial Fair Play issue.“We said to the president, rather than earn something in year one, we could earn it in year two or three or four.“Rather than reducing our salary it was about finding a formula so that if the club wanted to sign Neymar they could.“At the time they thought it was a good idea, but then other problems cropped up.”Neymar remained with PSG and has scored four goals in his six appearances this season.Tags: BarcelonaLionel MessiNeymarPSGlast_img read more

Bruce: Ref got it wrong

first_img Press Association “I think we have a blatant call for two penalties, for me the referee has got them wrong,” he said. “I can’t say too much as I had a 10 grand fine six weeks ago, but the one where their full-back clatters Nikica Jelavic was bad ebough. Then the one on Shane Long by Danny Gabbidon – it’s beyond me that the ref doesn’t give it.” Bruce certainly had a point about the second penalty shout after Long, making his Hull debut, was sent sprawling by Gabbidon’s clumsy challenge. But referee East saw nothing untoward and Bruce’s mood worsened moments later when Puncheon, whose goal last weekend sank Stoke, struck what proved to be the winner. There was more than an element of fortune about the goal as well. Yannick Bolasie reached the byline and his cross – at the second attempt – reached Puncheon, whose initial header was flying well wide. However, it hit the back of team-mate Marouane Chamakh and fell perfectly for Puncheon to crash high into the net. Hull attempted to hit back after the break but Jake Livermore blazed a good chance over and Liam Rosenior prodded wide from all of two yards. Jason Puncheon’s 16th-minute strike secured back-to-back wins for Palace and moved them level on points with the Tigers, who have now lost four on the trot. But Bruce felt his side were denied two clear penalties by referee Roger East, who then infuriated the City boss further by sending off his goalkeeper Allan McGregor in stoppage time. Steve Bruce was left fuming over three refereeing decisions after the 1-0 defeat at Crystal Palace sucked Hull back into the relegation battle. And Bruce’s misery was compounded when McGregor reacted angrily to a late challenge from Stuart O’Keefe and was shown a red card. “(The ref) told me he’s kicked him, but the challenge on him is horrific,” said Bruce. “McGregor tried to restrain himself – he’s thought abut kicking him and had every right to do so – but then restrained himself to make it innocuous.” Eagles boss Tony Pulis will now spend the rest of the week trying to add to his squad, although his current players are doing their best to prove he need not bother. While Hull paraded a new £14million strikeforce in Long and Jelavic, Pulis has yet to bring in anyone so far this month. “We are hoping and praying the next couple of days will see us bring a few in,” he said. “We need to. Everyone is working hard behind the scenes. But you can’t criticise what players have done, they’ve been wonderful. “We need another 17 points. There’s 15 games to go and we still need more than a point a game, and in the Premier League that’s tough. “Its a massive ask, so we wont get carried away – we can’t afford too. We are pleased with the points we have so far but we can’t take our foot off the pedal.” last_img read more

Mata: United mustn’t rely on De Gea

first_img Not for the first time this year, De Gea put in an outstanding display at Old Trafford to help United record a 3-0 win over Liverpool on Sunday. The man of the match saved two close-range efforts from Raheem Sterling and also tipped Mario Balotelli’s fierce shot on to the bar in the second half of the Barclays Premier League encounter. Juan Mata hopes Manchester United will become less reliant on David de Gea over the rest of the season. The 24-year-old won United all three points against Everton earlier this season with two stunning late saves and he also played a key role in the team’s triumph over Southampton last Monday. Mata has been impressed by De Gea’s form this season, but he would prefer it if his compatriot was not so busy. “We won, among other things, thanks to the ‘Man of the Match’ David de Gea, who has had yet another great performance,” the United midfielder wrote on his blog. “He is in top form. Everybody’s praising him and now we have to keep working so we don’t need so many saves from him in the next few games; we have to get better in that regard.” Many questioned Sir Alex Ferguson’s decision to sign De Gea in 2011 after he made a number of costly errors in his first season. But he is now regarded as one of the best goalkeepers in the world alongside the likes of Manuel Neuer, Joe Hart and Thibaut Courtois. “It’s tough to find anyone better than him,” Mata added. “He’s been in top form since the beginning of the season and has saved a lot of points for us. Press Association “David gives us complete confidence. Liverpool created chances and they didn’t score because of him.” The reflex save to nudge Balotelli’s powerful volley on to the woodwork from point-blank range was impressive, but the pick of De Gea’s saves came in the second half when he denied Sterling. Sterling picked up on a short backpass from Jonny Evans and attempted to round De Gea, but the Spaniard remained on his feet and jockeyed the England winger wide, forcing him into a weak shot. Former United defender Rio Ferdinand believes the former Atletico Madrid man has a psychological edge over any opponent who runs at him. “He is in imperious form,” said Ferdinand, who played 455 times over 12 years at United. “He dictated to the striker in one-on-one’s and now looks like he is in strikers’ heads if he faces them. “The way he trains is now being reflected in his performances. “Dedicated hard work and an unbelievable confidence in his ability as a keeper. Greats traits.” De Gea’s progress has not gone unnoticed by Real Madrid, who are interested in signing him as a long-term replacement for Iker Casillas. United, however, hope the player will sign an extension to his current contract, which expires in 18 months’ time. Mata, meanwhile, is refusing to get carried away despite a sixth successive win, which keeps United in third place, eight points behind leaders Chelsea. “The team has to keep working as we did in the last few weeks,” said Mata, who scored the second goal on Sunday. “That’s why we are improving. In just a few days we play against Aston Villa in a stadium with a very good atmosphere, where winning is always tough, and right after that we will be in Christmas. “We have to maintain this positive streak and try to get as many points as possible this month.” Mata acknowledged he was offside when he nodded in United’s second after a Robin van Persie flick-on. “I was fortunate to score again,” said the former Chelsea man, who has scored five times this season despite not being a regular starter. “To be honest, I watched the footage and it’s true that I’m offside after Robin’s header. That is something you don’t realise when you are on the pitch.” last_img read more

Fans ask if Newcastle are “lying”

first_img The crowd for the Barclays Premier League game against Tottenham at St James’ Park was officially recorded as 47,427. That was despite pictures at the match showing vast numbers of empty seats at the 52,404-capacity arena. Press Association The Newcastle fans’ group influential in Sunday’s anti-Mike Ashley boycott has asked if the club were “lying” over the attendance figure published.center_img Thousands of supporters had opted not to attend in an organised protest against the controversial ownership of the club by Ashley. A statement from AshleyOut.com, a pressure group who publicised the ‘#BoycottSpurs’ initiative, read: “Fans of all generations took the decision to stay away from the home game vs Tottenham Hotspur and thousands also protested loudly and peacefully outside of St James’ Park, all uniting behind one simple message: ‘ASHLEY OUT’. “The pictures beamed around the world of huge sections of empty seats sent a strong message to Mike Ashley and those watching: the fans of Newcastle United have had enough and are willing to put up a fight and make sacrifices to reclaim their club. “Reports vary as to the true number of fans who passed through the turnstiles and we will not speculate on this. We simply ask everyone to judge for themselves, based on the pictures in this statement, whether the club’s ‘official’ attendance of 47,427 appears legitimate, or if this is yet another clear example of a club lying to its own fans to present itself in a better light?” Reports estimating the crowd at the match have varied widely since the weekend. The club have declined to comment on the issue. Official attendance figures are understood to include season-ticket holders whether they attend or not. Fans have long been disgruntled at the way Ashley has run Newcastle over the past eight years but opposition is now hardening with such co-ordinated events. The AshleyOut.com statement added: “It is clear this was a very successful start to what will be a long campaign. We’ve undoubtedly raised awareness about Mike Ashley’s disastrous ownership of Newcastle United and this has been reflected by a vast increase in scrutiny from local, national and international media.” last_img read more

Trump nicknames Pelosi ‘Nervous Nancy’ calls her a ‘Disaster’

first_imgPresident Trump took a swipe at House Speaker Nancy Pelosi during an interview with Fox News in Normany, France on Thursday shortly before he attended a commemoration of the 75th anniversary of D-Day.“Nancy Pelosi, I call her Nervous Nancy, Nancy Pelosi doesn’t talk about it. Nancy Pelosi is a disaster, ok?” Trump said. “She’s a disaster. Let her do what she wants, and you know what? I think they’re in big trouble.”Speaking to Fox News from the American cemetery at Normandy, the President calls special counsel Robert Mueller a “fool” and the Speaker of the House a “disaster.” pic.twitter.com/YRHUiEDag2— Josh Campbell (@joshscampbell) June 6, 2019 Trump also said that Robert Mueller made a fool of himself and did not give proper testimony in connection to the investigation into Russian meddling in the 2016 presidential election.Pelosi opted not to respond to the President’s comments telling reporters Thursday “I don’t talk about the President while I’m out of the country. That’s my principle.”Trump’s comment comes after speculation that Pelosi allegedly told Democrats she does not want to see him impeached but instead in prison.The two political figures have been long-time rivals who regularly disagree on policy.In recent weeks, tensions between the pair have intensified and seemingly become personal.Related content:Pelosi says Trump’s family needs to stage ‘an intervention’last_img read more