Public reserve funds, SWFs to boost exposure to new markets, alternatives

first_imgOfficial institutions around the world are planning to ramp up their exposure to new markets and alternative assets in a bid for higher returns on their capital, according to a new study.State Street said its research showed 80% of official institutions – sovereign wealth funds (SWFs), central banks and public pension reserve funds – expected to increase investment in new markets and alternatives such as hedge funds, private equity, property and infrastructure, where they had a mandate to invest in these assets.Joe Antonellis, vice-chairman at State Street, said: “Official institutions are at different stages in terms of how and where they can invest, but it is clear that those institutions with a more flexible investment mandate are recalculating their approach and looking to new markets and asset classes as they search for yield.”He added that the resulting diversity of these institutions’ portfolios would present them with new challenges. Rod Ringrow, head of official institutions solutions for EMEA at State Street, said emerging markets securities were the main type of new asset being targeted by official institutions.He said it was primarily SWFs that were planning to target alternatives such as infrastructure, hedge funds and private equity.The increase in exposure to new assets is likely to be small in percentage terms for central banks and emerging market securities, he added.“With other asset classes, there are limited investment options, so allocation won’t be huge,” he said.Ringrow cited the example reported last year of the Bank of Israel planning to increase its stock holdings to as much as 6% of foreign-exchange reserves, from just 3% at the end of 2012.“We may see SWFs collaborate for investment opportunities,” he predicted.More than 70% of respondents to the study, which polled more than 60 senior executives at the institutions, said it was a challenge to keep up with the changes in regulation across global markets, while 51% said the biggest challenge was correctly measuring and monitoring the amount of currency risk they were taking.Higher interest rates were seen by 38% as one of the hurdles on the road to expanding investment into new markets and asset types, while 37% were worried about emerging market volatility, the study showed.The institutions were also concerned about the cost of execution going up due to collateral issues and extra reporting requirements, with 35% of survey respondents citing this.A quarter of respondents saw their biggest challenge in managing the complexity that came with alternative investments.In the study, 60% of respondents said they planned to increase investment in their risk-management systems and processes over the next two years.However, 32% said they had difficulties hiring staff with risk, compliance and reporting skills.last_img read more

Aubameyang speaks out on Arsenal future amid transfer links

first_imgPierre-Emerick Aubameyang delivered an update on his future after Arsenal ’s win against Manchester United .Advertisement The Gunners forward has been heavily linked with a move away from the Emirates Stadium amid reports he has snubbed a contract extension. He has 18 months left on his current deal. Loading… Barcelona and Inter Milan are said to be interested in securing his signature, but Aubameyang says he is committed to his current club.“The English press likes to talk a lot,” he told RMC Sport.“For now, I’m here. I’m 100 per cent here.”Aubameyang’s declaration will be a boost to Mikel Arteta , who picked up his first win as manager in last night’s Premier League clash against Manchester United.The Gabonese forward has been a smash hit at Arsenal following his £56m transfer from Borussia Dortmund in January 2018.He has scored 56 goals in 90 appearances for the club despite occasionally being played out of position and the team’s struggles on the pitch.Paul Merson believes Aubameyang will have had enough and will want to leave for a “top team”.“Aubameyang will be leaving,” the former Arsenal playmaker said on Sky Sports’ Soccer Special.“He will be ringing his agent after that (games on the wing) and saying: ‘I do not want to be tracking back like that.’center_img Read Also:RvP saddened by Solskjaer interview after Arsenal beat Man Utd“He is coming towards the end of his career and he wants to be playing for a top team.“He is playing for a top club, but not a top team.”Arsenal are up to 10th in the Premier League table after claiming all three points against United.FacebookTwitterWhatsAppEmail分享 Promoted Content11 Most Immersive Game To Play On Your Table Top11 Greatest Special Effects Movies Of All TimeThe Very Last Bitcoin Will Be Mined Around 2140. Read More8 Addictive And Fun Coffee Facts7 Reasons It’s Better To Be A Vegan6 Interesting Ways To Make Money With A Drone10 Phones That Can Work For Weeks Without Recharging9 Facts You Should Know Before Getting A Tattoo10 Risky Jobs Some Women Do8 Things To Expect If An Asteroid Hits Our PlanetPretty Awesome Shows That Just Got CanceledTop Tastiest Foods From All Over The Worldlast_img read more

Syracuse recovers after tough start to road trip, sweeps Virginia to cap stretch

first_imgSyracuse had a disappointing start to its nine-game road trip, when it lost the first three games. But the Orange bounced back to win five of the remaining six games and built momentum as it moves deeper into its season. The Orange (10-14, 3-3 Atlantic Coast) kicked off the second half of the road trip by overcoming a six-run deficit in an eventual 7-6 win over Campbell (17-13, 3-0 Big South). Behind sophomore shortstop Corinne Ozanne’s two home runs and three RBIs, Syracuse scored seven unanswered from the fourth inning on. Freshman Sydney O’Hara pitched four shutout innings to collect her fifth win of the year. Freshman counterpart Alyssa Dewes hit the go-ahead home run, her first of the year, in the sixth inning to put SU ahead for good.Against Appalachian State (9-15, 1-1 Southern), Syracuse was able to take a two-run lead into the fourth inning, but yielded eight consecutive runs before being blown out 10-4. AdvertisementThis is placeholder textO’Hara put SU on the board early with a three-run home run after pitching one inning and allowing one run. Freshman pitcher Christina Clermont took the brunt of the damage, letting up six earned runs on six hits in two and one-thirds innings.Six starters for the Orange went hitless against three different Mountaineer pitchers. Syracuse returned to ACC action at Virginia (3-21, 1-10), which has struggled mightily in conference play. O’Hara was at the center of the action again, propelling her team to a series-opening 8-0 win. She pitched her fourth shutout of the year in five innings, allowing only one hit and striking out seven. At the dish she was a perfect three for three with a home run and three RBIs. All nine starters for the Orange reached base in the contest.O’Hara started the next game for Syracuse as well and gave up one run in four innings in another lopsided affair — a 13-1 SU victory. She collected her second victory in as many days, and seventh of the season.The Orange sent 11 batters to the plate in the top of the first inning and scored seven runs on five hits and three walks.O’Hara, Dewes and junior outfielder Mary Dombrowski each collected three RBIs to take advantage of the four errors Virginia committed.In its finale against Virginia, SU collected 17 hits to beat the Cavaliers 14-3.O’Hara started the game, but sophomore Lindsay Larkin collected the win, her first of the season. Larkin yielded one run and one hit, inducing 10 groundouts and striking out two in four innings of work.Senior first baseman Jasmine Watson hit two home runs and was one of three SU starters to go 3-for-5 in the game. Watson’s two home runs places her second all-time for home runs in program history.The Orange hosts Georgia Tech on Saturday and Sunday for its first home games of the season.compiled by Connor Grossman, staff writer, cgrossma@syr.edu Comments Facebook Twitter Google+ Published on March 16, 2014 at 11:21 pmlast_img read more

December 22 2002 November workshopper Rumiko Kita

first_imgDecember 22, 2002November workshopper Rumiko Kitajima volunteered as one of the cooks in the Cafe kitchen during her workshop. One of the results was a beautiful ‘Sushi’ lunch on her last day. >>left>> Part of the menu were delicious spicy tuna rolls. >>right>> Cafe manager Jim Powell and Rumiko Kitajima. [Photos & text: sa] >>left>> The Cafe turned into a ‘sushi’ assembly line. The menu included Nigiri Zushi with sliced raw tuna, Maki Zushi with shrimp, California style, spicy tuna and Miso Soup. >>right>> Welding and construction intern Melinda Barnadas is helping with the production.[Photos & text: sa]last_img