It said: “The government welcomes the fact that the funds have to a greater extent than before justified their weighting to the Swedish stock market, and hopes that the funds will continue to report its considerations on the issue with the same clarity.”Funds AP1-AP4 said that Swedish companies were generally very well run, and cited the approach as a potential reason for their high historical returns.One argument used by the funds for overweighting the domestic stock market was that Swedish companies took responsibility for sustainability issues, the report said.AP1 said that despite this, the valuations of Swedish companies were no different than valuations of stocks elsewhere, and that this justified the continued dominance of domestic stocks in its allocation.AP4, meanwhile, said the overweight to Swedish shares meant a lower carbon footprint by international standards, since sectors with high levels of emissions made up a relatively small amount of overall stock market value.AP2 said that as a result of its strategy to add greater diversification to its portfolio, it had slimmed its weighting to Swedish equities to 10% at the end of 2014 from 20% in 2010.AP1 to AP4 and AP6 collectively produced grew assets by SEK147bn (€15.5bn) after costs in 2014, corresponding to a return of 14.1%.In the report, the government said: “This was the best result in absolute terms and the fourth best result in percentage terms since the beginning of 2001.”It said most of the result could be explained by the high proportion of equities contained in the AP funds’ portfolios as well as strong development on the equity and bond markets in combination with asset value increases as a result of currency exposure.Assets under management rose to SEK1.185bn by the end of the year, according to the report.It said there had been big variations in AP fund performance over the years in line with financial market developments.Since the start of 2001, the funds’ average annual returns had now risen to 5.3%, the report said, adding that this had outpaced the rise in the income index over the same period, which was 3.1%.AP7, which has the role of running the default fund within the premium pension system, had produce a 29.3% return in 2014, the report noted, which was around double the 15.1% average return generated for private funds within the system.The AP funds 1-4 had continued spreading their risk over the last few years, allocating capital to asset classes other than equities and bonds, for example, alternative assets, the report said.At the end of 2014, their collective alternatives allocation was 18% of total assets, up from 5% in 2007, it said. Sweden’s AP buffer funds have reduced their domestic equity bias over the last year, after previous calls for the five funds to justify their home bias.The Swedish government’s annual report into the AP fund system, covering AP1 to AP4 along with AP6, revealed that the allocation to domestic equities dropped to 13% of total assets by the end of 2014, from 14% a year before.In last year’s report, the government had said the funds should reconsider their heavy home investment bias because this approach in theory presented a higher risk.In the latest report, it detailed the justifications the pension funds had since given for this stance.
Other participants in the Riverlinx consortium are Macquarie Capital, Citra and SK Engineering & Construction.TfL said that attracting external funding not only shifted financial risks onto the private sector, but also incentivised the private sector to deliver the project as efficiently as possible.It added that the actual contract would be awarded after the consortium had confirmed the financial arrangements with lenders and had set up the supply chain.After completion, the consortium will be responsible for management and maintenance of the Silvertown Tunnel for a 25-year period.PGGM declined to provide details about the scale of its investment or expected returns.It said the investment was made on behalf of its €8.5bn infrastructure fund, in which the €217bn healthcare scheme PFZW as well as some of its other clients participated. Dutch asset manager PGGM and UK-based Aberdeen Standard Investments are part of a consortium named as the preferred bidder for a new tunnel in East London, Transport for London (TfL) announced last week.The Riverlinx consortium is to design, build, finance, operate and maintain the Silvertown Tunnel, designed to ease severe traffic congestion around the neighbouring 112-year old Blackwall Tunnel.The project – worth approximately €1.1bn – involves a 1.4km twin-bore road tunnel plus access roads in the extended Ultra Low Emission Zone under the river Thames, according to TfL. The tunnel will link the Greenwich Peninsula and the Royal Docks and is scheduled to open in 2025.PGGM – the second-biggest asset manager in the Netherlands with €225bn under management – is to participate in the project as part of its joint venture with construction firm BAM, which targets public-private partnership projects in north-western Europe.
AFRICA – TheUnited Nations (UN) has called for international help to fight huge swarms ofdesert locusts sweeping through East Africa. Ethiopia, Kenyaand Somalia are all struggling with “unprecedented” and “devastating” swarms ofthe food-devouring insects, the FAO said. The agencyfears locust numbers could grow 500 times by June. Ethiopia andSomalia have not faced an infestation on this scale for 25 years, while Kenyahas not seen a locust threat this size for 70 years, the FAO said.(BBC) Swarms of locusts are seen almost covering the sky in East Africa. Countries in this African region, according to reports, have not faced a locust infestation this size in decades. REUTERS A spokesman forthe UN’s Food and Agricultural Organization (FAO), called for aid to “avert anythreats to food security, livelihoods and malnutrition.”
RelatedPosts Bayern Munich fans undergo Super Cup coronavirus tests Vidal lands in Milan to complete move from Barca to Inter Bale completes Tottenham return from Real Madrid Dayot Upamecano is set to sign a new contract at RB Leipzig – ending the two Manchester clubs’ hopes of landing him this summer.Sky Germany is reporting the France Under-21 international centre-back has agreed terms on a new deal until 2022, which will extend his current stint at the club by a further year. Sky Sports News reported earlier this month that, with one year left on his deal which contains a £52 million release cause, Upamecano was of interest to United and City, as well as Bayern Munich in Germany and Real Madrid in Spain.But the player feels leaving this summer may come too soon, so has decided to stay with Leipzig – although the new contract is set to contain an exit clause for the summer of 2021.Upamecano has been linked with Arsenal in the past, along with a number of other top clubs in Europe.The 21-year-old has emerged as one of the best up-and-coming defenders in Europe, and is said to be on the target lists of both Ole Gunnar Solskjaer and Pep Guardiola.City, in fact, is hoping to sign two new centre-backs when the transfer window eventually reopens, having conceded more goals (31) so far this season than the previous two campaigns (23, 27), and 10 more than league-leaders Liverpool. Arsenal have William Saliba joining from St Etienne in the summer, as well as the option to make Pablo Mari’s loan from Flamengo permanent.Upamecano has made 29 appearances this season in all competitions, including six in the Champions League, as RB Leipzig have pushed Bayern and Borussia Dortmund at the top of the Bundesliga.Tags: Bayern MunichDayot UpamecanoReal Madrid
But the hosts survived and Arsenal boss Arsene Wenger will now take his side to Chelsea for his 1,000th match next weekend only four points off the leaders and with a game in hand. Spurs, though, are all but out of the race for the top four, now seven points behind Manchester City. Arsenal were ahead inside two minutes with a goal of the highest order. Alex Oxlade-Chamberlain pushed the ball out to Rosicky on the right, and he returned a pass back to the England man. The ball then broke again off Oxlade-Chamberlain into the path of the Czech playmaker who fired a fizzing angled drive past Hugo Lloris into the top-left corner. Sherwood’s side – whose collective character has been questioned by the manager in recent weeks – soon regrouped and caused Arsenal a few problems with probing balls into the penalty area. Arsenal, though, retained possession well and i t should have been 2-0 on 15 minutes when Oxlade-Chamberlain robbed Nabil Bentaleb on the halfway line and sprinted clear. Oxlade-Chamberlain, so impressive in the midweek Champions League draw at Bayern Munich, darted to the edge of the penalty area, but as Lloris came off his line the Arsenal man screwed his attempted chip horribly wide – with Lukas Podolski screaming for a square pass for what would have been a tap-in. That let-off gave a huge lift to the home side, who immediately went on the offensive with a low cross from Andros Townsend on the right flying through the six-yard box. Press Association A thunderbolt from Tomas Rosicky after just 72 seconds proved enough for the Gunners to earn a first victory over Tottenham at White Hart Lane since September 2007. Tim Sherwood’s hosts should have taken something from the match after they dominated possession for long spells and saw midfielder Nacer Chadli spurn a glorious chance to equalise following a mistake by Arsenal goalkeeper Wojciech Szczesny. On 21 minutes, Arsenal full-back Bacary Sagna slid into a challenge with Danny Rose which – although he probably touched the ball first – totally upended the Spurs defender. Sherwood was off the bench demanding a red card but after a stern talking-to referee Mike Dean produced only a yellow. Spurs continued to play a very high defensive line, which was breached again when Podolski raced clear down the left. His cut-back was just behind Rosicky but Oxlade-Chamberlain connected with a strike that was deflected out for a corner. The home side should have been level at the start of the second half following two terrible handling errors from Szczesny. First the Pole flapped at a cross on the edge of the Arsenal penalty area, which Sagna hacked away as Chadli chased the loose ball. Then, inexplicably, Szczesny failed to collect a high cross into the box, which this time did fall for Chadli, but somehow Laurent Koscielny blocked his goalbound shot at point-blank range. With 20 minutes left, t here was a double change for the home side when Paulinho and Gylfi Sigurdsson replaced Chadli and Sandro. For Arsenal, Rosicky was taken off as defensive midfielder Mathieu Flamini came on. Wenger was off his seat and protesting for what he felt was a penalty after Koscielny was sent tumbling by Jan Vertonghen, but the referee was not interested. Lloris then made a smart reaction save after Mertesacker lashed the ball goalwards from a deep free-kick. Tempers boiled over in the closing minutes as Sherwood twice hurled the ball at Sagna when Arsenal had been awarded a throw-in. Arsenal midfielder Mikel Arteta was less than impressed and eventually it needed Wenger to move in and act as peacemaker in a crowded technical area as his side played out the four minutes of stoppage time without further incident. Arsenal completed a smash-and-grab raid to win the north London derby 1-0 and drag themselves back into the Barclays Premier League title race.
A Fort Pierce home caught fire early Saturday morning.St. Lucie County Fire rescue responded to a home on Gatewood Drive near Howland Boulevard around 3:30 a.m.Firefighters said the house was fully engulfed in flames when they arrived at the scene, adding, that no one was in home.Investigators and an arson dog are currently investigating the cause of the fire.No injuries were reported.
STEVE Smith’s complete dominance over England has gone to a new level with the Australian scoring another brilliant century in the first Ashes Test at Edgbaston.Smith backed up his magnificent 144 in the first innings with Test century No.25 over the weekend in his comeback to Test cricket having been sidelined for the past 16 months.A textbook cover drive off England paceman Stuart Broad brought up the milestone as he removed his helmet, saluted his teammates and received a hug from teammate Matt Wade.Even the pro-England crowd and the Barmy Army withheld their boos to stand and applaud Smith.The 30-year-old is the first batsman to score twin Ashes centuries since Matthew Hayden posted 197 and 103 in Brisbane in the opening Test of the 2002-03 series, and the first in 22 years to achieve the feat in England after Steve Waugh’s 108 and 116 at Old Trafford.He is now a member an exclusive club of just five Australians to score twin centuries in an Ashes Test, joining Hayden, Waugh, Arthur Morris (Adelaide, 1947) and Warren Bardsley (The Oval, 1909). AUSTRALIANS TO SCORE TONS IN BOTH INNINGS OF AN ASHES TESTSteve Smith – 144 and 142 at Edbgaston, 2019Matthew Hayden – 197 and 103 at the Gabba, 2002Steve Waugh – 108 and 116 at Old Trafford, 1997Arthur Morris – 122 and 124* at Adelaide, 1947Warren Bardsley – 136 and 130 at The Oval, 1909Smith’s second innings hundred also takes his tally of Ashes tons to 10, equal second with Waugh for the most by an Australian. Sir Donald Bradman, naturally, has the most for either nation with 19. And if those achievements were not impressive enough, the right-hander now holds the record for most runs after 119 Test innings.Smith’s 6446 career runs (and counting) eclipsed the mark of 6440 held by England legend Wally Hammond in 1939.Smith walked to the crease inside the first 10 overs for the second time in the match on Saturday evening with the tourists in strife at 2-27 and trailing England by 63 runs.(Cricket.com.au)
A 20-member National U-17 shortlisted squad departed Guyana yesterday for Curacao to compete in the 2020 CONCACF Women’s Under-17 Championship first-round Qualifiers in Curacao, which began on August 17 and will conclude on August 25.The squad comprises six international-based and 14 Guyana-based players including two Goalkeepers, five Defenders, eight Midfielders and five Forwards.Head Coach of the National U-17 Women’s team, Akilah Castello said while some last-minute squad changes had to be made, individual technical and physical evaluations influenced the selection of the final 20. “Continuous individual technical and physical assessments were done to arrive at the final squad. We believe that providing the girls are technical and physically prepared, we will have a better chance at managing tactical decisions one match at a time,” Castello said.Guyana will play host Curacao in its first match, scheduled for tomorrow at 20:30hrs at the Stadion Ergilio Hato Willemstad and will face St Vincent and the Grenadines on August 23 at 18:00hrs, and the Bahamas on August 25 at 17:00hrs. According to CONCACAF, there will be 32 participating teams. The qualifiers comprise the lowest-ranked 16 teams, based on the Concacaf Women’s Under-17 Ranking as of July 2018, where the top-finisher of each group will advance to the knock-out stage of the championship.These teams are: Anguilla, Antigua & Barbuda, Bahamas, Barbados, Belize, Bonaire, Cayman Islands, Curacao, Dominica, Guyana, Honduras, Martinique, Saint Kitts & Nevis, Saint Lucia, Saint Vincent & the Grenadines and the US Virgin Islands.The remaining 16 teams, consisting of top-ranked teams, based on the Concacaf Women’s Under-17 Ranking as of July 2018, will participate in the Final Championship. Each has been placed in four groups – E, F, G and H – and will play round-robin following which “the top three finishers in each of the groups will join the winners of Groups A, B, C and D (from the qualifiers) in the round of 16,” according to CONCACF.“The 16 teams participating in the group stage of the Final Championship are: Bermuda, Canada, Costa Rica, Cuba, Dominican Republic, El Salvador, Grenada, Guatemala, Haiti, Jamaica, Mexico, Nicaragua, Panama, Puerto Rico, Trinidad & Tobago and the United States.The knockout stage of the competition — round of 16, quarterfinals, semi-finals and final — will be played in its entirety in a single match elimination format, with the finalists and third place finisher automatically qualifying for the FIFA U-17 Women’s World Cup 2020.”
Facebook Twitter Google+ Published on June 3, 2015 at 10:35 am Contact Matt: email@example.com | @matt_schneidman Syracuse head coach Leigh Ross has resigned from her position, according to a Wednesday morning SU Athletics release.“It is time for the next chapter for me and my family,” Ross said in the release. “My passion for the game remains strong and I intend to remain involved in this great sport, however, for the immediate future, I want to spend more time with Jared and Teagan as they finish high school and move on to the next phase in their lives. Syracuse will hold a special place in our heart and we are appreciative for the time we enjoyed in Central New York.”Assistant coach Mike Bosch will take over the interim head coaching duties. Bosch handled the pitching staff last season and was also Ross’ assistant at SU from 2010-12.Ross has been at the helm of the Orange since 2006, and the 2015 season was the first time in her tenure that SU didn’t make a conference tournament.Syracuse posted a 4-13 record in the Atlantic Coast Conference to go along with a 20-26 overall mark. AdvertisementThis is placeholder text Comments
Podcast: Assistant sports editor Kenny Legan chats with USC women’s soccer player Ashley Freyer to preview the upcoming match.It’s a perfect Hollywood script with enough drama to fill a blockbuster — and one more chapter will be added tonight to this historic rivalry between USC and UCLA.Early boost · Freshman defender Mia Bruno, who has seen significant playing time in her first season with USC, has helped the Women of Troy to an 8-4-3 record thus far. USC will play its second match of the season in the Coliseum tonight against UCLA. – Tim Tran | Daily Trojan The women’s soccer teams will go toe-to-toe beneath the bright lights of the Coliseum in a crucial conference showdown at 7 p.m.“I get up for these games against UCLA,” said senior defender Karter Haug. “I just love playing in these types of games, and to play in the Coliseum is one of the best opportunities.”This key matchup between the No. 23 Women of Troy (8-4-3, 1-2-1) and the No. 19 UCLA Bruins (9-5-1, 2-2) will be magnified not only because of the rivalry but because USC also hopes to bring in a record-breaking crowd.The last time the two teams squared off at the Coliseum, a crowd of 7,804 showed up to witness this classic rivalry.This time, the Women of Troy hope to break that record and also put an end to UCLA’s three-game winning streak against USC.“It’s a real big game for both teams as far as our position in the Pac-10, and obviously the rivalry is huge,” USC coach Ali Khosroshahin said. “Both teams will be fired up and we’ll be able to play in the Coliseum, so it’s fantastic. It’s what you work for all year … to showcase yourself in front of your home crowd.”Though UCLA has come out victorious in the last three meetings, the last time the Women of Troy won marked a special moment in Trojan history.The Women of Troy knocked off UCLA 2-1 in the NCAA semifinals en route to winning the 2007 NCAA championship.Haug, along with senior forward/midfielder Megan Ohai, senior midfielder Alyssa Dávila and redshirt junior midfielder Ashli Sandoval, were all part of that championship team.But last weekend in Oregon proved to be a wake-up call for the Women of Troy, as they were plagued by slow starts and inconsistent play and finished the weekend with a loss and a tie.Despite their recent struggles, Haug believes the team will be prepared.“I think we’ve learned from our experience and we can look back at how we played and hopefully not do the same things,” Haug said. “But hopefully, we’re progressing each game as well.”Freshman midfielder Haley Boysen knows the importance of this game and said she believes the team will be ready to redeem themselves.“Last weekend was a disappointment and we realized we can’t let that happen again,” she said. “We’re better than that. … We’re pumped up for this game and ready to make up for what happened.”But despite all the hype surrounding the rivalry and the record-breaking attendance aspirations, Khosroshahin said this game is the perfect opportunity for his team to learn and grow.“We’re just trying to improve the parts of our game that will help us the rest of the season and hopefully in the tournament as well,” he said. “We just have to do the right things at the right times and we’ll be fine.”