Mandate roundup: AP2, Vontobel Asset Management, KNEIP

first_imgThe analysis should include both post-trade analysis and TCA analysis, it said.The contract period is proposed to be 48 months, subject to a right of early termination with a due notice period.The deadline for applications is 23 April.For more information on the tender, click here.In other news, Vontobel Asset Management has appointed KNEIP for fund data management, regulatory filing, KIID production and financial reporting.Vontobel will be making use of KNEIP’s service across its entire Swiss and Luxembourg-domiciled fund ranges. Sweden’s AP2 is looking for a company to provide a trading cost-analysis (TCA) system to evaluate brokers’ execution for the buffer fund and analyse whether its trading strategies are “as optimal as possible”.It said it required a TCA system for analysis of mainly its internal cash equity execution.“We are looking for a system that can evaluate trading decisions by providing quick and user-friendly cost analysis,” it said.“Since we are investing in a range of markets, both developed and emerging markets, it is important the system cover these markets.”last_img read more

Danish pensions body counters political pressure to invest for growth

first_imgDanish pension funds have already invested DKK220bn (€29.5bn) in Danish business and are keen to help create more growth in the domestic economy, according to industry association Forsikring & Pension (F&P).But the risk of such investments has to match the return, it insisted. The association’s chairman Christian Salgild told F&P’s annual meeting: “All my warning lights start to flash when the political side proposes that pension funds invest in companies and sectors considered risky by banks and the FSA, while at the same time those businesses are making big investments in production and jobs abroad.”However, his main message should not be misunderstood, he said. He said the pensions and insurance industry already contributed very significantly to investment and growth in Denmark and wanted to step up efforts, as long as the return matched the risk.New figures from F&P show the pension funds have DKK220bn invested in Danish business.Of this, DKK125bn was in property, DKK85bn in shares, corporate bonds and loans, and DKK10bn in infrastructure, wind energy and public-private partnerships (PPPs), according to the association’s data, covering 85% of the pensions market. “I understand politicians’ desire for more pensions money to go into Danish companies,” said Salgild. But politicians also have to understand the world in which pension funds operate, he said.“We are obliged – legally, too – to safeguard pension savers’ interests first and foremost,” he said.Sagild said the problem facing investment and growth in Denmark was not that Danish companies were caught in a credit crunch.The main problem was rather that the Danish economy was growing too slowly and that Denmark was not nearly as attractive an investment location as other countries.“In a globalised world, it is first and foremost the cost level that determines where companies place their production,” he said.“And this, therefore, also determines which countries and regions will experience growth and increased employment.”last_img read more

Sports Editors Guild Congratulates Team Nigeria

first_imgIt added: “It is instructive that when Nigerians are reeling from the effects of the current economic recession ravaging the country, a group of special athletes are in far away Rio de Janeiro, Brazil showing the whole world that we can rise above our adversity to rub shoulders with the best in the world in any endeavour.“We, therefore, urge the Federal Government, especially the principal officers of the Sports Ministry, to without delay show that Nigeria cares for them.”“We also implore President Muhammadu Buhari to adequately reward these heroes and ensure Nigeria uses their success story to re-awaken the ‘Can Do’ spirit of Nigerians in this harsh economic climate,’ Ubani further said and reminded the president about the need to revisit the sports sector for a surgical operation.“All over the world, sports is not only seen as a recreation, but also as a business. Apart from its physical and mental benefits, sports also have psychological and social benefits, as it plays positive role in youth development, which includes but not limited to improved academic performance, as well as arresting youth restiveness,” said Ubani.He urged the Federal Government to engage the army of unemployed youths in Nigeria in meaningful employment using sports.“We want the president to address issues bothering on the quality of those administering sports, facilities and policies,” Ubani added.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Guild of Nigerian Sports Editors wednesday congratulated Team Nigeria’s special athletes, who have defied all odds to excel at the on-going Rio 2016 Paralympic Games.As at the last count, Team Nigeria has won eight gold, two silver and one bronze medals to better the Sydney 2000 Paralympics all-time haul of seven gold, one silver and five bronze medals.In a communiqué signed by the Guild’s President, Tony Ubani, the body described the team’s feat as “remarkable and encouraging in these difficult times, especially when it is considered that they had little or no motivation from those who were supposed to prepare them for the competition.”last_img read more

Penguins GM still unhappy with Tom Wilson’s fight with Jamie Oleksiak

first_imgWilson fought with Oleksiak with less than a minute into the game against the Penguins after Wilson said he reacted to previous comments by Rutherford, who said the Capitals winger was scared to fight his defenseman.Wilson would not fight Oleksiak after making a hit on Zach Aston-Reese, which would result in a suspension for Wilson. Related News “No,” he replied.Oleksiak missed three games after his fight with Wilson with a concussion.He was traded back to the Stars on Monday, reversing the deal from last year which sent the defenseman to Pittsburgh for 47 games and the playoffs. Capitals’ Tom Wilson drops Penguins’ Jamie Oleksiak in fight less than a minute in “I read the stuff that’s said after last season and leading up to it,” Wilson said. “Yeah, I think it probably had to be done sooner or later, give him a chance to defend his teammate after what happened last year.”Tom Wilson and Jamie Oleksiak went from jawing to fisticuffs in the span of just a few months 👀 pic.twitter.com/aXWeCaYM5l— NBC Sports Capitals (@NBCSCapitals) December 20, 2018Rutherford was blunt when asked if he was OK with everything that went down in that fight. Penguins general manager Jim Rutherford remembers the Dec. 19 fight between Capitals winger Tom Wilson and now former Penguins defenseman Jamie Oleksiak, and he still isn’t happy about how it went down.“All I know is, in that fight, Wilson didn’t even give Oleksiak a chance to get his gloves off,” Rutherford told the Pittsburgh Post-Gazette.last_img read more