UK’s Investment Association remains ‘committed’ to disputed code of conduct

first_imgThe UK asset management association has defended itself against accusations the departure of its chief executive would weaken its resolve to tackle fee transparency.Helena Morrissey, chair at the Investment Association, argued that the industry body had “always been conscious” of its duty to look after client assets, and said recent events – a likely allusion to the departure of Daniel Godfrey earlier this week – should not put its commitment in doubt.“Nothing has changed our collective commitment to putting customers first and, as part of that, to effective, transparent and competitive delivery to the millions of savers who depend upon the services we provide,” she said.Godfrey’s departure from the £532,000 (€680,000) a year role came amid concerns within the industry about the body’s direction of travel, and reports that several of its members would be letting their membership lapse at the end of the year. Guy Sears, currently director of risk, compliance and legal, has been named the association’s interim chief executive.IPE understands that some of the dissatisfaction stemmed from the 10 principles governing the conduct of the asset management industry, drafted during Godfrey’s tenure and published in August.The principles called for greater clarity on management fees and asked asset managers to agree that client interests always came first.Only 25 of the association’s 204 members, representing £1.8trn of its £5.5trn in assets, backed the principles when they were released.Godfrey had previously spoken of the need to view an asset manager’s fiduciary responsibility as a “moral code, a way of behaving” at a time when there was debate around enshrining the fiduciary responsibilities of providers into law.His departure earlier this week led responsible investment charity ShareAction to question whether industry concerns were being put ahead of the best interest of clients.Morrissey added: “The board and the industry remain committed to the values captured in the Statement of Principles, but we are listening to members with regard to how it is implemented.“There is no intention to make any changes to the ongoing executive pay project.”last_img read more

‘Shabu, marijuana’ seized in Villamonte

first_imgAntidrug personnel conduct inventory of the items seized from John Michael Leonardia and Dindo Barcillo. They were nabbed in an entrapment operation in Barangay Villamonte, Bacolod City on July 10. CDEU/BCPO The suspects were nabbed after they sold a sachet of suspected illegal drugs to an undercover cop for P500 around 6:35 p.m. on July 10, it added. The 26-year-old resident John Michael Leonardia and 36-year-old Dindo Barcillo of Talisay City yielded the suspected shabu, a police report showed. Aside from suspected shabu, police also confiscated five grams of suspected marijuana.center_img The suspects were detained in the lockup cell of Police Station 4, facing charges for violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002./PN BACOLOD City – Suspected shabu weighing about 30 grams valued at around P204,000 was seized in a buy-bust operation in Barangay Villamonte.last_img read more

Premier League: Our survival in our own hands — Coach

first_imgRelatedPosts Runarsson joins Arsenal on four-year deal Arsenal, Wolves want Michael Olise Akpom pens Middlesbrough loan deal Aston Villa will go into Sunday’s Premier League clash at West Ham United knowing their future in the English top flight is in their own hands, manager Dean Smith said on Friday.Aston Villa climbed up to 17th in the standings after Tuesday’s 1-0 win over Arsenal and are above the drop zone only because of a better goal difference than Watford in 18th. Aston Villa, who spent more than 140 million pounds on transfers after gaining promotion last year, will stay up if they win at West Ham and Watford do not win away at Arsenal.However, a draw or a loss complicates the relegation scenario.“We control our own destiny and that’s what we wanted to have going into the last game,” Smith told reporters.“It was looking unlikely and that we’d have to rely on others, but results went our way… and we’re above the dotted line.“The most important thing is to be above that dotted line on Sunday and we know we have to win to guarantee that. We’ll be going all-out to win. “We’re also mindful of the fact that although they (West Ham) are safe now, they’ve been very good recently.“They had a massive win against Watford and a big point against a really in-form Manchester United in the week.”Aston Villa had struggled for form since the season restarted last month following the COVID-19 hiatus, with a six-match winless run denting their survival bid.However, Smith’s side have picked up seven points from their last three games.“It’s been physically demanding on myself and the coaching staff. It’s been tough for the players,” Smith added. “To come into a period of games with less training than you would normally have. That was always going to be tough… These lads have managed to deal with it so far.“We’ve got one game to go and we know it’s a massive one.”Reuters/NAN.Tags: ArsenalAston VillaDean SmithWatfordWest Ham Unitedlast_img read more

Richards – I’m still happy at City

first_img The 25-year-old told BT Sport: “I did say at the start of the season I wanted to see the manager’s plans and I’m in his plans, as he’s said all along, so we’ll see what the future holds, but I’m happy at Manchester City. “I’ve been here since I was 14, it’s a club I love. “Before I got my injuries, I was number-one choice. It’s only because I got injuries and Pablo Zabaleta has done so well, I find myself not playing as regular. I’m fully fit now and I’m ready to show everyone what I can do. “It was a big decision for the manager to play me in the Bayern Munich game after only playing one game previously in the cup against Wigan so it shows massive confidence in me.” Meanwhile, defender Martin Demichelis is closing in on a first-team debut after pulling on a City shirt for the first time. The Argentinian defender joined City at the start of September from Atletico Madrid but damaged knee ligaments in his first week of training. Demichelis played 45 minutes in the elite development squad’s 2-2 draw with Rochdale on Wednesday night. With a return date for captain Vincent Kompany still uncertain, Demichelis’ return to fitness has come at a good time, although Saturday’s trip to West Ham may come too soon. Micah Richards insists he is happy at Manchester City despite failing to hold down a place in the side. The full-back has played only twice this season, once in the Capital One Cup and once in the Champions League against Bayern Munich. Injuries limited Richards to eight appearances last season and there had been speculation he may seek to leave the Etihad Stadium but he is confident he is in Manuel Pellegrini’s thoughts. Demichelis, who played under Pellegrini at River Plate and Malaga, told www.mcfc.co.uk: “It was important to play and get the confidence back. My knee responded very well and I’m very happy after working very hard to get here. “It was difficult at the beginning with the injury but that allowed me to meet everybody at the club and feel confident and comfortable with everybody so it’s fantastic now and I’m looking forward to my debut.” Midfielder Jack Rodwell also played in the game, which City won on penalties. The 22-year-old, who has been dogged by injury problems during his time at City, has made only one first-team appearance this season, in the goalless draw with Stoke in September. Rodwell is hoping to be given the nod for West Ham, saying: “I’m fit. I proved it playing 90 minutes so we’ll see. I haven’t trained too much but I’m available for selection.” He will also hope to force his way back into the England squad after Roy Hodgson’s side booked their place at the World Cup finals in Brazil with victory over Poland. Rodwell’s last appearance for his country came in a friendly in Brazil in June, and he said: “Brazil’s looming in the future and obviously I’ve got one eye on it but one step at a time. “Hopefully I’ll get in the (City) team soon and keep playing.” Press Associationlast_img read more

Garcia close to Zenit move

first_img The Spaniard is reportedly undergoing a medical with the Russian club and has already been pictured wearing a Zenit shirt. The proposed move, thought to be worth around £12million, would end a two-year spell at the Etihad Stadium for Garcia, who joined from Benfica for £15.8million. Press Association Zenit St Petersburg appear to be closing in on the signing of midfielder Javi Garcia from Manchester City. The 28-year-old, signed from Wolfsburg for £27million in 2011, has previously spoken of his desire to stay and now it seems negotiations with the club are progressing well. The Bosnia international, who scored 26 goals last season, told German magazine Kicker: “We are currently talking about a new contract. “It looks very good in terms of staying here a bit longer. “I have been here for nearly four years now, and feel better and better. I will give my all to show what I can do. “The second half of last season was the best I had in my entire time here, and I want to draw on that. “I want to get better every year, to score even more goals. I am 28 – my best time is now.” Garcia, 27, was signed under former manager Roberto Mancini but never became a regular starter for the Italian or his successor Manuel Pellegrini. His departure would follow the £10million exit of fellow midfielder Jack Rodwell to Sunderland earlier this month. City effectively already have a replacement for Garcia in the squad having signed Fernando from Porto in June. Eliaquim Mangala, Willy Caballero, Frank Lampard, Bruno Zuculini and Bacary Sagna are the other new faces in the champions’ squad ahead of the new season. City begin the defence of their Barclays Premier League crown at Newcastle on Sunday. This week has also seen the City key pair of captain Vincent Kompany and playmaker David Silva sign new five-year contracts. Samir Nasri and Aleksandar Kolarov agreed fresh terms earlier this summer. Now striker Edin Dzeko, who is in the final year of his current deal, has suggested that he could be the next to re-sign. last_img read more

Update on the latest sports

first_img Associated Press April 3, 2020 — A European plan is being formed to resume soccer around July and August, with domestic leagues told Thursday not to abandon competitions yet due to the coronavirus pandemic. The aspiration was outlined in a letter that has been seen by The Associated Press and was signed by UEFA (yoo-AY’-fah), the European Club Association and European Leagues body and was being sent to their members. Competitions, including UEFA’s Champions League and Europa League, were put on hold last month as the COVID-19 outbreak spread across Europe.— The Tour de Suisse has been canceled because of the coronavirus pandemic, removing one of the few cycling events left on the calendar before the Tour de France is due to start. The nine-day Swiss race was scheduled to run from June 6-14 and was designed to give riders a chance to prepare for the three-week Tour de France. The French race is still scheduled to start on June 27.— The under-construction Athletes Village for the Tokyo Olympics could be used as a temporary hospital for coronavirus patients. Tokyo’s governor has been talking about the possibility of occupying the massive development on Tokyo Bay, which is to house up to 11,000 Olympic and 4,400 Paralympic athletes and staff during the games. The complex, which will eventually include 24 buildings, is expected to remain unoccupied with the Olympics delayed for 16 months.— Former marathon world record holder Wilson Kipsang was among 20 people arrested in Kenya for locking themselves in a bar and drinking alcohol in breach of a curfew imposed because of the coronavirus pandemic. Police say the 2012 Olympic bronze medalist was among those detained at a police station in Iten, one of Kenya’s famous high-altitude towns where distance runners train. They were in breach of a 7 p.m. to 5 a.m. curfew.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSSenators making temporary layoffs, salary reductionsUNDATED (AP) — The Ottawa Senators are making temporary layoffs and salary reductions because of COVID-19. The team’s parent company says the full-time workforce will be reduced starting Sunday, when the NHL club’s season was originally scheduled to end. Those not laid off could be placed on furlough. Others could have their salaries reduced. Health benefits will continue uninterrupted.center_img Meanwhile, Anaheim Ducks owners Henry and Susan Samueli say they will pay their 2,100 part-time employees across all of their sports and event management companies through June 30 for work that was wiped out by the coronavirus pandemic.The Samuelis’ Anaheim Arena Management company operates Honda Center, the Ducks’ home rink. They also own two large ice hockey complexes in Orange County — including Great Park Ice, the massive new winter sports facility that houses the Ducks’ training complex in Irvine, California.In other developments related to the pandemic:— The U.S. Women’s Open is moving from the end of spring to the middle of December. The USGA says the Women’s Open at Champions Golf Club in Houston is moving from June 4-7 to Dec. 10-13 because of rapid developments of COVID-19. That would be the latest a major championship is played. It also would be the first time an official LPGA Tour event was held entirely in December since 1966. The LPGA has also postponed or canceled the next five events on its schedule. All but the Pure Silk Championship are getting new dates later in the year.— Major League Soccer has extended its training moratorium through April 24 because of the coronavirus outbreak. Team facilities are closed to players and staff — except for players requiring treatment that cannot be administered at their homes. Players are expected to remain in market with their teams during the moratorium to avoid the spread of the virus. The league will consider individual requests for players to travel to another city by car. MLS teams were two games into the season when it was suspended on March 12. A Philadelphia Union player with mild symptoms recently tested positive for the virus. Update on the latest sportslast_img read more

MBB : Former top recruit Gbinije transfers from Duke to Syracuse

first_img Published on April 28, 2012 at 12:00 pm Contact Chris: cjiseman@syr.edu | @chris_iseman For the first time since Wes Johnson came to Syracuse, SU has brought in a transfer player from a major college program.Michael Gbinije, a 6-foot-7, 205-pound swingman, has decided to transfer from Duke to Syracuse.Gbinije visited the SU campus Friday before giving his commitment. Gbinije played in 19 games off the bench for the Blue Devils as a freshman last season, averaging 1.7 points and less than one rebound per game in 5.8 minutes per contest.Gbinije will sit out for the 2012-13 season per NCAA transfer rules, but he will have three years of eligibility remaining beginning in 2013.The Chester, Va., native was a highly coveted recruit coming out of high school. Scout.com rated Gbinije 28th on its prospect rankings, and Rivals.com pegged him at No. 35. Gbinije averaged 25 points, 10 rebounds and five assists per game as a senior at Benedictine High School in Richmond, Va., helping lead the team to a 26-5 record.AdvertisementThis is placeholder textSean McAloon, Gbinije’s high school coach, said his length fits in well with Jim Boeheim’s 2-3 zone, and his versatility will be an additional asset. McAloon said he can play small forward, but is a good enough shooter to play shooting guard.‘I just characterize him as a wing,’ McAloon said. ‘Mike can play either position. He shoots it well enough to be a 2, and he’s long enough to be a 3.’Gbinije, who McAloon called quiet on the floor, played in the 2011 Jordan Brand Classic in Charlotte, N.C., scoring 10 points and notching two rebounds. He played in the game with current Orange guard Michael Carter-Williams and forward Rakeem Christmas.McAloon said he wanted Gbinije to become more talkative on the court during his time in high school.He also has a relationship with SU assistant coach Adrian Autry, who coached Gbinije on the Virginia-based AAU team Triple Threat.Gbinije also played for Team Takeover, an AAU program in Washington D.C. His former Team Takeover head coach Keith Stevens echoed McAloon’s assessment of the lanky swingman.‘I think he’ll fit in well,’ Stevens said. ‘I think he’s a prototypical Syracuse-type perimeter player. He can do a lot of different things.’McAloon said Gbinije faced an uphill battle when it came to the difficulty of playing basketball for Duke in the Atlantic Coast Conference, but he improved toward the end of the year. Gbinije thought it was time for a ‘fresh start,’McAloon said, leading to the transfer.Syracuse head coach Jim Boeheim rarely takes transfer players, but McAloon said Boeheim likely saw a player who was a fit in his system.‘He can run the floor well, he’s athletic. He shoots it,’ McAloon said. ‘He can do a lot of things. I think that he’s a multidimensional kid that he can fit in a bunch of positions for him, and I think that he was probably excited about that.’McAloon also said he thinks Gbinije can eventually live up to the expectations that were placed on him coming out of high school.‘I think he’s fantastic,’ McAloon said, ‘and I think he’ll definitely fit in to what they do.’cjiseman@syr.edu Commentscenter_img Facebook Twitter Google+last_img read more

Hardy, Rogers Named Men’s Indoor Track & Field Athletes of the Week

first_imgFRISCO, Texas – Incarnate Word’s Deion Hardy and Houston Baptist’s Denim Rogers are the Southland Conference Men’s Indoor Track & Field Athletes of the Week, the conference announced Wednesday. All Southland Athletes of the Week are presented by MidSouth Bank.Hardy competed for the Cardinals in a pair of events at the Houston Invite, including a school and conference record setting relay performance. Rogers also competed at the Houston Invite for HBU helping the Huskies with a second-place finish in the Heptathlon, breaking a school record of his own.Men’s Track Athlete of the Week – Deion Hardy, Incarnate Word– Sr. – Temple, TexasHardy spearheaded a UIW men’s Distance Medley Relay (DMR) team that put up a Southland Conference and program record 9:59:01 time. The performance marked the fastest time in the conference by more than 22 seconds, and the 20th fastest DMR time in the nation for the 2019 season. The senior then followed up with a second-place finish in the 800-meter the next day, putting up the second fastest time in the conference this year and fastest performance of the week by a Southland member.Honorable Mention: Micah Larkins, Northwestern State; Tyler Smith, McNeese; Jamal January, Abilene Christian; Jordan Rowe, Lamar.Men’s Field Athlete of the Week – Denim Rogers, Houston Baptist – Jr. – San Antonio, TexasRogers broke the HBU record in his first heptathlon as a Husky. His point total of 5,332 is stands first in the conference and ranks him 10th nationally for the 2019 season. The junior tied for first in the high jump (2.03m/6-8), finished second in the 60-meter hurdles (8.21) and third in the 60-meter dash (7.03). His high jump mark from the Houston Invitational ranks second in the Southland Conference for 2019.Honorable Mention: Kai Schmidt, Abilene Christian; Clinton Cole, Incarnate Word; Timon Dresselhaus, Central Arkansas.Southland weekly award winners are nominated and voted upon by each school’s sports information director. Voting for one’s own athlete is not permitted. To earn honorable mention, a student-athlete must appear on at least 25 percent of ballots.last_img read more

No. 5 Northwestern State Uses First-Half Surge To Down No. 8 A&M-Corpus Christi

first_imgBox Score | Photo GalleryKATY, Texas – Northwestern State’s late-season run will earn them at least one more game.All-Southland Conference second-teamer Chudier Bile scored 17 points as his efforts off the bench carried the fifth-seed Demons to a 79-62 win over eighth-seed Texas A&M Corpus-Christi in the opening game of the 2020 Hercules Tires Southland Conference men’s basketball tournament on Wednesday evening. Having climbed the first of three rungs to reach Saturday night’s championship game, Northwestern State (15-15) will play fourth-seed Sam Houston State Thursday at 5:00 p.m. CT.Bile, a redshirt junior transfer from Bradley, sparked a Demons bench that tallied 35 points while also chipping in six rebounds, four steals, two assists and one blocked shot as Northwestern State overcame an early 14-point deficit and held A&M-Corpus Christi to just 34.8 percent shooting in the second half.“We take pride in our defense,” said Bile. “We came slow because we had a lot of nerves, but once we settled in, we got back to what we were good at.”Making their first appearance in the conference tournament since the 2014-15 season, the Demons also got 17 points from Jairus Roberson and 13 points off the bench from Brian White.The Islanders (14-18) sought an early knockout, jumping to a 10-0 lead that was capped by Myles Smith’s 3-pointer at the 17:26 mark of the first half. The early spurt served as a wake-up call for Northwestern State, who responded with a 10-2 run to trim the margin to 12-10 on Bile’s jumper with 13:34 remaining.“They kind of caught us on our heels,” said Demons coach Mike McConathy, whose team has won seven of their last 10 games. “But instead of getting frustrated, it seemed like we pulled together as a team. Of course, it helps to make a few shots.”A&M-CC then took its turn to spurt, hitting the Demons with a 7-0 run to regain a 10-point edge and expanded the lead to 29-15 on another triple from Smith with 8:31 left. It would be the high-water mark for the Islanders, as Northwestern State’s long-range game began to find its mark.Bile connected on a pair of treys during a 16-1 run that gave Northwestern State its first lead of the game at 31-30 with 3:48 left before intermission. The basket enabled the Demons to continue their offensive proficiency as they added an 11-0 run to expand their lead to 41-30 before a pair of Islanders 3-pointers cut the deficit to 41-36 at the half.“We let some bunnies that we missed affect what we did,” said Islanders coach Willis Wilson. “It was just one of those nights where the shots didn’t fall the way they were falling. We were shooting at a pretty hot clip the last 2-3 weeks or so, but tonight, they just didn’t fall.”Northwestern State continued to punish the Islanders with treys, with Roberson hitting a pair that helped the Demons come out of the second half gate with a 53-39 lead with 16:07 left. A dunk from Larry Owens swelled the Northwestern State lead to 57-40.With their season on the line, the Islanders rediscovered their offensive stroke, embarking on an 11-2 run to cut the gap to 59-51, but C.J. Jones’ conventional 3-point play helped stem the A&M-CC tide with 9:34 remaining.Turnovers also hurt the Islanders, as they committed 18 on the evening. The miscues helped Northwestern State trigger its fast break, resulting in the Demons producing 17 points from it. The Islanders were also unable to establish themselves in the paint, finishing with only 14 points.“When they adjusted to us getting the ball in the post so frequently, it slowed down our offense,” said A&M-CC’s Elijah Schmidt.last_img read more

Confident Scorpions leave for WICB Super50

first_imgA confident Jamaica Scorpions squad left the island yesterday to compete in the WICB Super50 tournament.”This is one of our better teams in years, and, as such, I am really looking forward to us going there and representing ourselves,” said captain Nikita Miller.”It’s a lovely balance with several players having West Indies experience.”The Robert Samuels coached-unit, which numbers 14, is without top batsmen Chris Gayle, due to injury, and Marlon Samuels, who has been drafted by the Leeward Islands Hurricanes.However, in fast bowler Jerome Taylor, batsman Jermaine Blackwood and wicketkeeper Chadwick Walton, they have players who have played at the highest level for the West Indies.”I like our chances, as, although we have been drawn in a fairly competitive zone, I believe we have the players to pull us through,” said Samuels.The Scorpions are due to participate in Zone B of the tournament. The zone will be contested in Barbados and also features last year’s beaten finalists Barbados Pride, Guyana Jaguars, Combined Campuses Marooners and guest team, ICC Americas.Jamaica will open their campaign on Tuesday against the Marooners at 3 W’s Oval, Cave Hill Campus.Jamaica Scorpions: Nikita Miller (captain), Jermaine Blackwood, Gavon Brown, John Campbell, Andre McCarthy, Damion Jacobs, Brandon King, Reynard Leveridge, Rovman Powell, Damani Sewell, Jerome Taylor, Steven Taylor, Devon Thomas, Chadwick Walton. Robert Samuels is head coach.last_img read more