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UK’s Northern pool to go direct in alternatives, targets 25% cost reduction

first_imgThe letter, signed by the funds’ respective chairs, also said it hoped to increase its current 4.5% allocation to infrastructure – equivalent to £1.6bn – to its 10% target within 3-5 years.The letter continued that the funds were targeting a 25% reduction in costs, a “significantly ambitious” target that could partially be achieved by moving externally managed equity and bond portfolios in-house in the coming years.“The savings arise predominantly from the increased resource of the pool enabling many alternative asset classes to be accessed in a more cost-effective way,” the letter added.It said that, rather than the three schemes being reliant on funds-of-funds within the private equity and hedge fund space, it would instead opt for co-investments and single strategy funds.The pool’s submission to government added that it would also place greater emphasis on direct real estate and infrastructure investment, although in the case of the direct property mandates, the pool expected them to still be managed externally on an advisory basis.The pool also continued its push for the GMPF’s joint venture with the London Pensions Fund Authority, a £500m infrastructure fund, to become a national vehicle for LGPS investment in the asset class.The venture already enjoys the backing of West Yorkshire and Merseyside, with the two funds expected to each contribute £250m in capital towards by the autumn of 2016.The Northern pool is the largest of eight pools to emerge following attempts by DCLG to increase scale across the LGPS.The collaborations largely aim to pool assets by April 2018, although the London CIV and Local Pensions Partnership are already operational. The UK’s largest local authority pension pool predicts its collaboration will see costs fall by 25%, as the three pension funds abandon fund-of-fund structures in favour of co-investments.The £35bn (€41.9bn) Northern pool – previously known as the Northern Powerhouse pool and backed by the Greater Manchester Pension Fund (GMPF), West Yorkshire Pension Fund and Merseyside Pension Fund – also said it planned a longer-term allocation of 15% to infrastructure, increasing by 10 percentage points the combined funds’ allocation to the asset class.The pledge was contained within the collaboration’s final consultation to the Department for Communities and Local Government, to which local government pension schemes (LGPS) had to outline their pooling proposals by 15 July.“With such a large investment pool composed of partners from across the North, the fund will deliver both the commercial returns required and social value to the regions that each of the funds represent,” a letter attached to the funds’ consultation response said.last_img read more

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Prostate screening has no benefit

first_img Share HealthLifestyle Prostate screening has no benefit by: – April 1, 2011 Sharing is caring! Share Sharecenter_img Tweet 36 Views   no discussions Prostate cancer screening does not save lives, according to a 20-year study, published in the British Medical Journal.One in four newly diagnosed cancers in UK men is prostate cancer.Last year, the body which regulates screening in the UK advised against routine screening.The UK National Screening Committee said this study provided further evidence that the harms outweigh the benefits.Prostate cancer kills 10,000 people in the UK every year.While there is no screening programme, men over 50 may still request a test.Screening This latest study was carried out in Norrkoping in Sweden. It followed 9,026 men who were in their 50s or 60s in 1987.Nearly 1,500 men were randomly chosen to be screened every three years between 1987 and 1996. The first two tests were performed by digital rectal examination and then by prostate specific antigen testing.The report concludes: “After 20 years of follow-up, the rate of death from prostate cancer did not differ significantly between men in the screening group and those in the control group.”The favoured method of screening is the prostate specific antigen (PSA) test.However, around 15% of men with normal PSA levels will have prostate cancer and two-thirds of men with high levels of PSA do not in fact have prostate cancer.One study has suggested that to prevent one death from prostate cancer you would have to screen 1,410 men and treat 48 of them.Dr Anne Mackie, programmes director of the UK National Screening Committee, said: “This evidence provides further support for the recommendation the Committee made in November not to screen for prostate cancer at this time.“At the moment the potential harms significantly outweigh the benefits of screening. We will re-assess the evidence for prostate cancer screening against our criteria again in three years, or earlier if new evidence warrants it.”Dr Sarah Cant, head of policy and campaigns for The Prostate Cancer Charity, said: “Whilst this research suggests that screening men for prostate cancer doesn’t reduce the number of men dying from the disease, this was a relatively small study and not all the screening rounds used the PSA test, which is the most effective test we have at the moment to indicate prostate problems that might be cancer.“We know from another larger study that screening using the PSA test can reduce mortality rates.“However, this previous trial showed that screening can lead to many men undergoing unnecessary treatment for a harmless prostate cancer. The Prostate Cancer Charity therefore doesn’t believe there is enough evidence yet to support a screening programme.”Source: BBC Newslast_img read more

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Bulldogs Baseball Teams On Winning Side

first_imgBatesville puts up 13 hits to beat Hauser 9-0 in Varsity Baseball action.Bulldogs vs Hauser Baseball (5-13)Batesville Varsity is now 13-6 on the season.Next Game will be against Franklin County at Liberty Park starting at 5:30 PM.  (This is our Senior Night) on Thursday (5-15).Bryan Hoeing has the mound.The Bulldogs JV Team were also winners, 6-2, over Lawrenceburg.Bulldogs vs. Lawrenceburg JV Baseball (5-13)Submitted by Batesville Coaches Alex Davis and Steve Ollier with Game Changer.last_img read more

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GOtv Boxing Night 20: Fight against Anan will be easy, boats Real One

first_imgRelatedPosts Flykite announces postponement of GOtv Boxing Night 21 Real One, Baby Face, Esepo to headline GOtv Boxing Night 21 GOtv Boxing Night 20 holds today Reigning West African Boxing Union lightweight champion, Rilwan “Real One” Oladosu, has declared that his title defence against Ghana’s Ezekiel Anan will require minimal effort. The encounter is one of the four title bouts at the nine-fight GOtv Boxing Night 20, which holds at Lagos’ Tafawa Balewa Square on 28 December. Speaking after a sparring session yesterday Real One claimed that Anan stands no chance of causing an upset. “This is my first title defence and I’m sure, very sure, it will be easy. Anan is deceiving himself if he is nursing the ambition of returning with the title. He should just come and enjoy the hospitality Nigerians are known to provide. But that hospitality will not extend to the ring, where I’m the master,” said the champion. He claimed to have defeated the best Ghanaian boxers, a level to which he believes is way above Anan’s. GOtv Boxing Night 20 will be headlined by the World Boxing Federation Intercontinental Heavyweight title fight between Onoriode “Godzilla” Ehwariemi of Nigeria and Ariel “Chiquito” Baracamonte of Argentina. Also at the show, WABU welterweight champion, Nigeria’s Nigeria’s Rilwan “Baby Face” Babatunde, will defend his title against another Ghanaian, Sanitor Agbenyo. There will also be the national super bantamweight title bout between Sadiq “Happy Boy” Adeleke and Opeyemi “Sense” Adeyemi. Also in action is Taiwo “Esepo” Agbaje, the national featherweight champion, who takes on Olusegun Moses in a challenge bout. Another big name on the card is Ridwan “Scorpion” Oyekola, who will fight Sikiru “Omo Iya Eleja” Shogbesan in a national super featherweight contest. Incumbent national light heavyweight champion, Adewale “Masevex” Masebinu, will face Olanrewaju Segun in a challenge clash, while Alaba “Eylbow” Omotola and Bolaji “Fight to Finish” Abdullahi will go head-to-head in a national lightweight challenge. There is also an all-female super featherweight clash between Cynthia “Omo Bobby” Ogunsemilore and Aminat Yekini. The event will also feature live musical performances from “Bolanle” crooner, Zlatan; “Up to Something” singer, Mayorkun, and “Mercy of the Lord” performer, Oritsefemi. The best boxer at the show will win a cash prize of N1million alongside the Mojisola Ogunsanya Memorial Trophy.Tags: ANANGOtv Boxing NightReal OneTafawa Balewa Squarelast_img read more

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Harrington hails stand-in caddie

first_img Cashman, 65, is a photographer for the Golfing Union of Ireland who has known Harrington for 35 years and was in the gallery following his fellow Irishman while in South Africa on holiday. Harrington, who carded a second consecutive 71 to finish two under par, said: “Ronan felt like he needed to throw up and as he went out on the course he thought it would clear a bit but it got worse and worse and for him to give up….I don’t think I have ever seen him do that in any circumstances. “He felt like he was getting in the way and when we finally said goodbye he could not physically stand up. I really did feel bad because he was lying there but thankfully there was a friend of ours out there who holidays down here and he took over. “He started off like he was carrying bows and arrows but by the end he had the double-strap going (on the bag) and was using all the lingo. “It’s amazing how much caddies do for you and it gives you a new appreciation for what they do out there. I know now why we pay them the big bucks!” Cashman, who has never caddied before but is a member with Flood at the Heritage in Ireland, said: “The bag was lighter than I expected. It was very comfortable. “I saw Ronan on the range and he looked awful. I said if you need help, call me. They sent out a replacement caddie but Padraig asked if I would be happy to continue and I was. I told him I wouldn’t give him a line or a club but he was so easy to work for. “I’ve given him my phone number if he needs me but hopefully Ronan will be okay.” Flood, who is also Harrington’s brother-in-law, was suffering from food poisoning before the round and eventually had to call it quits on the sixth hole of Durban Country Club. He was taken to the clubhouse to be treated by a doctor and is expected to be fit to resume his duties on Saturday, although stand-in Pat Cashman has offered his services if required. Three-time major winner Padraig Harrington hailed the skills of his stand-in caddie after regular bagman Ronan Flood needed medical treatment during the second round of the Volvo Golf Champions on Friday.center_img Press Associationlast_img read more

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Bamford moves to Palace on loan

first_img Announcing the signing on their official Twitter page, the Eagles posted: “BREAKING: #CPFC are delighted to announce the signing of @Patrick_Bamford on a season-long loan from @ChelseaFC.” Bamford is highly regarded at Chelsea, with the Blues announcing he has signed a new three-year contract with the Premier League champions as he heads out on loan. “I’m delighted to sign a new contract with Chelsea,” he told the club’s official website. “My dream has always been to be part of this club for the long term. Chelsea have been fantastic with my development and joining Crystal Palace for this season on loan is the next step for me in my career.” He missed England’s Under-21 European Championship campaign through injury but Bamford is now raring to go at Selhurst Park, stressing he was looking to stay in and around the capital for the upcoming season. He told “I was quite keen to stay close to London this time and Palace were actually my first choice, but I didn’t realise they were keen to start with. Then, when I met with the manager (Alan Pardew), he put forward his plans and it was an easy decision. “I do like to score goals, so hopefully I’ll be able to do that a lot here. I want to try to establish myself in a Premier League team and if I can do that here then it would be great for me and great for the club.” Pardew, who adds the signing of Bamford to the high-profile capture of France midfielder Yohan Cabaye, was delighted to tempt the player to the club and hopes to play a major part in honing his talent. “It’s a coup for Crystal Palace ahead of a host of rivals,” Pardew said after landing the sought-after striker. “I’m so pleased he chose us over others to help develop his game. Hopefully he will be a star for us, Chelsea and – of course – England. “Patrick is one of England’s brightest prospects and I will liaise with (Cheslea boss) Jose Mourinho, (England Under-21 coach) Gareth Southgate and Dan Ashworth (director of elite development at the FA) on his progress during this important year in his career.” Press Association The 21-year-old won the Championship Player of the Year award for his displays whilst at Middlesbrough last season, scoring 17 goals before the Teessiders lost the play-off final to Norwich – and he will now look to prove he can replicate such form in the top-flight. Bamford, an England Under-21 international, has also spent time away from Stamford Bridge with temporary spells at MK Dons and Derby having originally signed for Chelsea from the Nottingham Forest academy. Chelsea forward Patrick Bamford has completed a season-long loan move to Crystal Palace.last_img read more

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Boyce/Jefford Committee donates medals to Linden school sports

first_imgTHE Boyce/Jefford Committee earlier this week donated a number of new medals to the Upper Demerara/Kwakwani District 10 (Linden) Inter-School Championships, which will be awarded to the top performing athletes.Chairman of the Boyce/Jefford Committee, Colin Boyce, noted that the donation was made following a request from the District.“The Committee saw it most appropriate to continue to contribute to the development of young athletes in the community,” he said.The Championships school sports is currently underway at the Mackenzie Sports Club (MSC) ground and is expected to conclude tomorrow.According to Boyce, such contributions are not alien to them, since they are in the habit of making such donations.This year, following the eighth edition of the Boyce/Jefford Classic athletics meet in August, an undisclosed sum of cash was given to Linden and Guyana’s top three athletes at the MSC ground.The signature track and field event in Linden had opened the fund with a lucrative first financial donation. Following that pioneering initiative, several individuals, groups and businesses present made pledges that were accumulated and divided among the three athletes.Those who benefited from the funds included multiple CARIFTA Games medallist, Chantoba Bright, World Junior silver medallist, Daniel Williams and Guyana’s first sprint gold medallist at the CARIFTA Games, Compton Caesar.This donation to the District 10 camp follows one made by bakery giant, Bakewell, earlier last week.last_img read more

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Community speaks out at People’s Convention

first_imgThe Galen Center hosted the Eighth Council District Peoples’ Convention on Sunday afternoon in anticipation of the upcoming City of Los Angeles Municipal elections on March 8.The convention, which was organized by a grassroots community organization called Eighth District Grassroots Rising, brought together community activists, residents and leaders from various community interest groups in order to prepare a “people’s agenda” for action to be taken in the district.Attendees of the convention listened to several speakers and engaged in direct discussion surrounding shared concerns and possible solutions for community issues. One of the central ideas of the convention regarded the community’s overall disappointment with city leadership and how to improve the current situation through active involvement.“We can no longer sit by and expect other folks to take care of our business,” said Rev. William Smart of the EDGR. “We have to be the instigators of action.”For many at the convention, the key to increasing the condition of their neighborhoods is to involve themselves directly in the city and take an active role in governmental affairs to bring about changes at a community level.“Proper representation is not about city council telling us what we need or what we want, it is about us telling them,” said Shawn Simons, president of the North Area Neighborhood Development Council.Several speakers stressed the need for holding their government and representatives accountable for their actions. Attendees voiced their frustration as well, many of them declaring that after all the problems that have plagued neighborhoods in the Eighth Council District, they have had enough.“Our community struggles have been going on for a very long time,” said Lichelle Williams, a local resident. “We have seen city councilmen come and go in our community, but they have not brought any lasting change.”Many of the concerns voiced at the convention included residents’ wishes to preserve their quality of life. Economic struggles were a common factor in the discussions, with several people expressing the community’s need for a more revitalized commercial presence.“We have great residential areas, but the struggle tends to be the commercial corridor,” said Kokayi Kwa Jitahidi, the convention’s main speaker and an activist with the EDGR. “There’s a lack of business; for every five people who need a job in the Eighth Council District, there’s only one job available locally.”Other issues that were brought up included prostitution in residential areas, home foreclosures, community redevelopment and the area’s educational system.Despite the list of problems that are commonly associated with the neighborhoods that make up the Eighth Council District, those at the convention maintained that the area is home to vibrant communities that have the ability to progress upwards.“We get all of this negative feedback, but at the end of the day, all of those statistics mean nothing if the people say we are not going to take this anymore and we deserve better,” Kwa Jitahidi said.The speakers urged those in attendance to take action in order to bring their communities out of their struggles. Many explained that change starts with the people.“We have become numb,” said Greg Akili of the EDGR. “We have become so accustomed to not having, that we think it’s the norm. We think that’s just how it is. It’s not that way and that is unacceptable.”The convention encouraged community involvement through breakout sessions after the speakers in which groups of attendees voiced specific concerns and collaborated on possible solutions. Those concerns will be evaluated and complied into the people’s agenda by the EDGR, which will then host another meeting discussing the next steps leading up to the election.“The work that is happening here goes beyond March 8, because if it stops then it is worth nothing,” Kwa Jitahidi said. “This is not just about one election; this is about a community getting its voice back.”last_img read more

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IBB Lady Captain Fetes Kids

first_imgBetween August 7 and 10, the 8th IBB Junior Open Golf Championship will hold at the ame venue.Close to 200 kid golfers across the nation will participate in this monumental event that will see all participants housed and fed.Thereafter, those who finished tops in this event will be recommended to the Royal and Ancient St Andrews, the world body governing golf for proper grounding.“A lot of people are wondering why I am passionate about Kiddies golf,” Lami stated. “Let’s face it, the kiddies are our future. As a mother, I must cater for their well being. The Olympics will hold in some weeks’ time and we don’t have anybody holding the nation’s flag in that event. “This will not happen in the 2020 Olympics. I can tell you with all boldness that the youths we are investing on at the moment will be the pride of Nigeria. At least five of those who will play in the Open shall hoist this country’s flag in the 2020 Olympics. Please, quote me on that,” the IBB Lady Captain concluded.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The new Lady Captain of the IBB Golf Club, Lami Ahmed, is indeed making the fact known that the game of golf should be handed to kids who could eventually win medals for the nation in future Olympics.To prove her point, Lami, a Lioness who thrives on oil and gas, precisely at the Conoil, has put together two gigantic tourneys that could make several kids on coming holidays some great fun.Lami Ahmed stated that over 200 kids will feature in developmental clinic between July 21 and August 12.She affirmed that kids who will be part of the programme will learn the game from the scratch and play it properly before the expiration of the programme. The Lady Captain also claimed that brilliant professional golfers are already on ground to put the kiddies through.last_img read more

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Women’s World Cup 2019: Megan Rapinoe doesn’t start England semifinal because of hamstring injury

first_imgOH WHEN THE YANKS…Lineups Notes:— U.S. Soccer WNT (@USWNT) July 2, 2019“Christen Press will earn her 122nd career cap today and has scored 48 career goals and recorded 30 career assists. She also leads the USA in assists this year with seven. She is tied for 11th place on the all-time WNT goals list,” the USWNT announced before the game, making no mention of Rapinoe’s benching.A spokesman for the U.S. team told The Los Angles Times that he couldn’t disclose the reason for Rapinoe’s benching, unusual the Times noted in that when Becky Sauerbrunn and Julie Ertz did not start earlier in the 2019 World Cup the media were told why.In Press’ defense, she is considered among the fastest and fittest players on the U.S. side and offers a potentially better matchup against England’s Lucy Bronze, who many consider the best player in the tournament thus far.Barring an undisclosed injury or some other factor, Rapinoe, 33, could be used off the bench for offensive firepower. But reporters in Lyon noted Rapinoe did not even warm up with the rest of the team before the game. Rapinoe at the bottom of the picture. No shin guards on, not warming up— Seth Vertelney (@svertelney) July 2, 2019Rapinoe and Alex Morgan lead the U.S. scoring with five goals apiece. Carlie Lloyd has three and Samantha Mewis, Rose Lavelle and Lindsey Horan have two each. Women’s World Cup 2019: Sue Bird blasts President Trump for comments against girlfriend Megan Rapinoe According to The Wall Street Journal, when asked whether the decision regarding Rapinoe was related to injury or if it was a disciplinary move, a U.S. Soccer spokesman said only that the decision was “not disciplinary.”Forward Christen Press started in Rapinoe’s place and opened the scoring with a first-half goal. Related News U.S. co-captain Megan Rapinoe, who had scored all four of the Americans’ goals in the knockout rounds, was on the bench Tuesday to start Team USA’s Women’s World Cup semifinal against England in Lyon.No reason was given by coach Jill Ellis for Rapinoe not starting the win-or-go-home game, but Fox Sports reported at halftime that Rapinoe was out with a hamstring injury. The U.S.-England game kicked off at 3 p.m. ET.The winner faces the winner of Wednesday’s Netherlands-Sweden semifinal in Sunday’s championship.This story will be updated.last_img read more

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