Dutch giant APG pays 500 staff average bonus of €63,500

first_imgThe €417bn asset manager APG paid about 500 employees bonuses of €63,500 on average last year.According to its annual report, APG said it paid almost €32m in total in bonuses, amounting to 25% of the average salary.Variable pay makes up 10% of salary costs at the asset manager for the €359 civil service scheme ABP.Executive board members, including chief executive Gerard van Olphen, are ineligible for bonuses. At the €114bn MN, the average bonus as a percentage of salary is about half that of APG’s.MN – asset manager for the large metal schemes PME and PMT – capped bonuses at 20% of the basic salary and reported that 5% of its 1,200 employees were eligible for variable pay, compared with 14% at APG.APG said it set a similar maximum for workers reporting directly to its executive board but that variable pay for asset management could increase to as much as 40% of the basic salary.It added that, for its New York and Hong Kong-based workers, it tried to strike a balance between what was acceptable in the Netherlands and what was needed locally to retain valuable employees.APG emphasised that its remuneration policy was aimed at attracting, retaining and motivating qualified staff and said the bonuses it paid in New York were in-line with those for similar positions in the city.last_img read more

Berkshire Pension Fund to buy 20% of Gresham House for alternatives push

first_imgThe Royal County of Berkshire Pension Fund is to take a 20% stake in specialist asset manager Gresham House, backing a new alternative investment platform for other local government pension schemes.The Berkshire fund will provide the cornerstone investment for a new £300m (€353m) fund Gresham House plans to launch on the platform, called the British Strategic Investment Fund (BSIF).The BSIF is targeting investment in housing, infrastructure and “innovation” – three themes identified by the UK’s chancellor Philip Hammond in his 2016 Autumn Statement as being of strategic importance to the UK, said Gresham House.John Lenton, chairman of Berkshire Pension Fund, said the platform would enable the pension fund “to reduce costs and obtain diversity in our investments”. He added that the pension fund will target niche areas and smaller and longer-term investments than those that interest “the major investment houses”.“These give us the potential of a higher long-term return which is so important to a pension fund like ours that has to plan for pensions that will be drawn down many years in the future,” Lenton said.The new investment platform is intended to provide investors with access to illiquid alternative investments in niche asset classes that are often “overlooked” and difficult to access by larger funds, according to Gresham House.“For example, it becomes uneconomical for £25 billion pension ‘super-pools’ to monitor and manage sub-£50 million investments,” said the asset manager.The platform is aimed at local government pension schemes (LGPS) like Berkshire, but is also open to private sector pension funds, endowments, family offices, and other investors.“Initial discussions with a limited number of LGPS have confirmed interest in the objectives of the new Gresham House platform,” said the asset manager.UK LGPS are pooling assets to create larger funds capable of benefitting from economies of scale and, as desired by the government, investing in infrastructure.The Gresham platform is intended to allow investors to be involved in the investment process or engage directly with the manager, and to grant discretionary co-investment rights to “top-up” investments in preferred sectors or areas on a deal-by-deal basis.Berkshire’s acquisition of the 20% stake in Gresham House is subject to a vote at a general meeting on 10 March.Its move to enter into a strategic relationship with Gresham comes after the pension fund late last year announced a £15m investment in commercialisation of UK university research as part of an overhaul of its private equity portfolio.Tony Dalwood, CEO of Gresham House, said that the announcement “represents a further significant step in delivering the growth strategy that we set out when repositioning the group two years ago”.The asset manager’s board has identified alternative asset management as “a structural growth area”, it said in a statement.last_img read more

Study – Condom programmes increase teen fertility rates!

first_imgThe Corner 17 June 2016Family First Comment: No surprises. But the media may not report this one! Perhaps you could take the study and show the school nurse  A new study by a pair of Notre Dame economists received some media attention this week. It found that school districts that instituted condom distribution programs in the early 1990s saw significant increases in the teen-fertility rate. This study fills an important gap in the existing research on contraceptive programs. There has been a considerable amount of academic research on Long Acting Reversible Contraceptives (LARCs) and oral contraceptives. However, there has been almost no academic research on high-school condom-distribution programs.The study is very rigorous. The authors identified 22 school districts in twelve states that launched condom-distribution programs during the 1990s. Some of these school districts are among the largest in the country including New York City, Los Angeles, and San Francisco. Overall, the study analyzes teen-fertility data from 396 high-population counties over a span of 19 years. A range of demographic and economic factors are held constant. It finds that if 100 percent of high-school students attended a school with a condom-distribution program, the teen-fertility rate would increase anywhere from 10 to 12 percent. Furthermore, this finding was fairly consistent across school districts with condom-distribution programs.The researchers were unable to determine how exactly the condom-distribution program increased teen-fertility rates. There is a possibility that these programs reduced the usage of oral contraceptives which tend to be more reliable. There is a possibility that after condom-distribution programs were instituted, there was less emphasis on programs encouraging teens to delay sexual activity. Finally, there is a possibility that condom-distribution programs resulted in more teen sexual activity. Interestingly, the study finds sexually transmitted diseases (STDs) increased in counties with condom-distribution programs. While this provides evidence that condom-distribution programs encouraged sexual risk taking — the authors warn that this finding has to be interpreted cautiously.Thus study has received some coverage from some mainstream-media outlets such as Vox and Slate. However, their spin is that condom-distribution programs need to be coupled with either counseling programs or sex-education curricula in order to be effective. The study does find that counseling programs result in reductions in the teen-fertility rate. However, most of the regressions find these reductions fail to offset the increase in teen fertility associated with the condom-distribution program.Overall, the study adds to an impressive body of research which shows that efforts to encourage contraceptive use either through mandates, subsidies, or distribution are ineffective at best or counterproductive at worst. In many countries, increases in contraception use are correlated with increase in the abortion rate. Additionally, this study is very similar to a recent University of Michigan study which showed that increases in the price of oral contraceptives on college campuses resulted in less sexual activity among college-age women. Unfortunately, such research typically receives scant attention from the mainstream media.http://www.nationalreview.com/corner/436798/condom-distribution-programs-1990s-increased-teen-fertility-rateREAD MORE: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2794728Keep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

With Support from IICA, Caribbean Countries Mobilize to Strengthen Food Security

first_imgWith support from the Inter-American Institute for Cooperation on Agriculture (IICA), Caribbean countries are working to develop projects aimed at strengthening food security and risk management in the agriculture sector, which represent key issues during the Covid-19 pandemic.Projects currently being implemented include the renovation of an abattoir in Grenada, the sowing of drought-resistant forage for livestock in Antigua and Barbuda, and the provision of training in the use of drones for agricultural disaster risk management in Suriname.IICA’s food security initiatives in Grenada are focused on the Mirabeau abattoir, where activities are currently underway. In collaboration with the ministries of Agriculture and Finance, respectively, IICA obtained grants from the CARICOM Development Fund (CDF) last year to assist in renovating and procuring equipment, as well as providing training in and improving procedures in the facilities.The staff at the Mirabeau Abattoir are safer in their workplace thanks to personal protective equipment, first aid materials and disinfectants donated to the Ministry of Agriculture and Lands by the IICA Delegation in Grenada.National Specialist for IICA in Grenada, Derek Charles, stated that the equipment and materials donated were part of IICA’s Agricultural Health and Food Safety Hemispheric Program that was implemented in Grenada in 2019.Before the Covid-19 pandemic, IICA received external funds from the Australian High Commission Direct Aid Program to establish four demonstration plots in Antigua and Barbuda to produce a variety of drought tolerant grasses and legumes, such as mulberry, vetiver and dwarf elephant grass.In light of the pandemic and mill feed shortages that could result from shipment delays, this project will enable famers to rapidly multiply forage material for livestock to replace feed manufactured in mills.Planting material is currently being prepared as part of the project, which was launched in February 2020. The initiative will provide 250 mulberry plants, 150 glyceria plants and 200 dwarf elephant grass plants. Other high protein forages will be propagated and planted in each of the four plots, which will be watered using only drip irrigation.The project will benefit more than 35 livestock farmers who form part of the National Livestock Association, and the Ministry of Agriculture will establish a demonstration plot at a government station.In Suriname, IICA held a workshop on geospatial 3D-modeling tools and drone usage aimed at improving technical and institutional capacities for agricultural disaster risk management (ADRM) and sustainable agriculture.In addition to agricultural and environmental planning, these same knowledge and skills sets can be utilized in socioeconomic development planning, particularly in the many remote rural communities in Suriname. Share 43 Views   no discussions Sharing is caring! About IICAIICA is the specialized agency for agriculture in the Inter-American system, with a mission to encourage, promote and support its 34 Member States in their efforts to achieve agricultural development and rural well-being through international technical cooperation of excellence. CoronavirusLifestyleNewsRegional With Support from IICA, Caribbean Countries Mobilize to Strengthen Food Security by: – April 24, 2020 Share Share Tweetlast_img read more

Paddle Auction Held For Project T3

first_imgProject T3 provides backpacks and overnight bags for many Southeast Indiana children. (Photo: Facebook)Many area residents were at the Sherman House on Sunday for a Coin Paddle Auction hosted by Totes for Tots and Teens (Project T3).Attendees placed bids with quarters and raised a paddle when they were interested in winning an item donated by local residents, businesses or national organizations.The money raised goes toward a good cause. Project T3 provides foster children in Southeast Indiana with an overnight bag as they are being placed into foster care. The organization also provides some local children with a backpack and school supplies.Project T3 serves children in fifteen counties in Southeastern Indiana.Each spring, the coin paddle auction is held and last year raised nearly $6,000.last_img read more

Lambert ready for huge step up

first_img “I can remember [Michael] Laudrup saying before the season that anything above top eight is unachievable for teams like Swansea and Southampton,” said Lambert, preparing for Saturday’s league trip to Aston Villa. “At the time I was a little bit like ‘No, we’ll prove them wrong,’ but I can understand now why he said it. “It’s just the squad sizes, the depth, it’s completely different and it’s not unmanageable, you can do it, but I think we understand what we need to do to get there and, hopefully, we can take that step, but it’s going to be hard, we understand that. “It’s definitely one of the biggest challenges in football.” Lambert said Southampton must retain coveted manager Mauricio Pochettino, in-demand stars like Luke Shaw and also add a clutch of first-rate signings to stand any chance of making that giant leap forward next term. “Obviously, we’ve got to keep the best players, keep the manager and, hopefully, bring in three or four quality players,” said Lambert, outlining the size of the task. “The quicker it [Pochettino’s future] gets sorted, the better.” Keen to see Southampton recruit up front, he said: “I hope so, I don’t want to be the only striker really, I want them to bring in top-quality players and I think we do need a striker, so I hope so. Target man Lambert said he approached Saints’ second season back in the top flight determined to make a mockery of the struggle to infiltrate the Premier League elite. As the south coast club close in on an eighth-place finish to trump last term’s 14th, Lambert conceded commanding a seat at England’s top table has proved far harder than he ever realised. Southampton will face “one of the biggest challenges in football” to break into the Barclays Premier League top six next season, according to striker Rickie Lambert. Press Association “This club’s used to moving forward and that’s what we’re hoping for again, so it’s going to be a big summer and, hopefully, we’re going to be OK.” World Cup hopeful Lambert believes the final four league games of the season leave plenty of time for prospective England stars to state their case to coach Roy Hodgson. Unsure whether he will make the cut, Lambert said he will have no regrets whether he jets out to Brazil or not after a strong season with Saints. “I think these games will definitely matter,” he said. “Roy’s obviously watching everyone, so it’s going to be hard decisions and that’s good. “He wants hard decisions and he’s going to have a few. “I understand I might be one of those situations, so I’ve just got to try and do well now, and score some goals in the remaining four games. “I always want to do better, but what I think I’ve done is given my all. “I could have scored more goals, I always think that, but I’ve done as well as I could, I’ve given everything. I’ve got no complaints myself. “I don’t think about it too much, I would say. “I do think about it, but it’s not keeping me up at night or anything like that. “If it’s going to happen it’s going to happen. “I already understand there’s a big possibility that it might not happen. “That’s not to say that I’m not desperate to go, but, like I said, if it’s going to happen it’s going to happen.” last_img read more

Solvay boys, girls bowlers both have 3-0 week

first_imgAnastasia LeFlair had a 193 game during her 460 series, while Caitlin McCann got a 410 series, just ahead of the 403 set earned by Abigail Lee. Kiyyasia Elien earned a three-game total of 368.Following that, Solvay lost 7-0 to Christian Brothers Academy on Thursday afternoon featured Lee earning a 422 series, and all of her teammates were close behind.LaFlair had a three-game total of 408, just in front of Raymond (404), McCann (403) and Rylie Dwyer (401), but they all trailed the 497 series from CBA’s Cadence Malicek and 449 series from Sophie Schultz.Making it three in a row, Solvay held off Chittenango 2-1 on Friday, with McCann getting a 475 series ahead of LaFlair (454) and Lee (412 series), overcoming a 519 series from the Bears’ Brooke DiFlorio.West Genesee had its first match of 2020 on Jan. 3 at Flamingo Bowl against Liverpool, and could not get a point in either match against the Warriors.The boys Wildcats did get some good scores from Bobby Bidwell, with a 519 series, and Richard Wituszynski, who posted a 507 set. But five Liverpool bowlers had series of 587 or better, led by Josh Winzens’ 684 set.In the girls 5-0 defeat, WG had a pinfall of 1,961 to Liverpool’s 2,345. Lorelai Leskoske had steady games of 180, 189 and 160 to produce a 529 series as Gabbie Gardner added a 402 series. Ashley Hardy led the Warriors with a 612 series.For its next match, the Wildcats faced Fayetteville-Manlius at Green Lakes Bowl, and WG won on the boys side, pulling out a 2-1 decision over the Hornets.Richard Wituszynski and Bobby Bidwell both finished with 604 series as Wituszynski started out with a season-best 266 game and Bidwell opened with a 224.Helping out, Deano Procopio had a 515 series, just ahead of the 508 set from Connor Chawgo as WG overcame the top individual series by F-M’s Kevin Winschel, who shot a 627 set.Again, the WG girls could not earn a point in its 3-0 defeat to F-M, where again Leskoske paced the Wildcats, shooting a 443 series with a high game of 164. For the Hornets, Shelby Miner finished with games of 250 and 240 on her way to a season-best 682 series.In Wednesday’s match against Cicero-North Syracuse, the boys Wildcats were shut out 3-0, Procopio getting a 579 series with a 222 opener as Wituszynski had a 544 series. Tyler Dottolo had a 258 game and 657 series for the Northstars.The WG girls also took a 3-0 defeat to C-NS, with Leskoske’s 465 series the only one above the 400 mark. Kathleen Artz (529 series) and Katie Cloonan (515 series) paced the Northstars.Share this:FacebookTwitterLinkedInRedditComment on this Story Tags: bowlingSolvayWest Genesee Back from its holiday break, the Solvay boys bowling team hoped to maintain the quick pace it set in December while rising to the top of the Onondaga High School League standings.That didn’t prove difficult for the Bearcats in either of last week’s matches, starting Tuesday with a 7-0 shutout of the Weedsport Warriors at Strike-N-Spare Lanes.Owen Britton, with a three-game total of 511, led a steady effort. Alex Gallardo and Ed Matysuk each had 484 series, with Ethan Bigelow’s 461 set just ahead of the 458 from Russ Tarbell.center_img When Solvay shut out Christian Brothers Academy 7-0 on Thursday, it was Tarbell, with a steady 575 series, just ahead of Bigelow’s 574 set as Carter Lee contributed a 555 series.Then a 7-0 win over Chittenango completed a perfect week for the Bearcats, Bigelow’s second game of 245 part of a 624 series, well clear of the 521 set posted by Tarbell that did conclude with a 203 game.The Solvay girls team returned to action last Tuesday and shut out Weedsport 3-0, led by Michalena Raymond, who shot a 486 series with a high game of 180.last_img read more

Former USC football captain dies at 31, brain donated for CTE research

first_imgAfter Kevin Ellison died Thursday, his family decided to donate his brain to the Boston University Chronic Traumatic Encephalopathy Center for researchers to study the effects that CTE may have had on him. He had mental health problems that may have been caused by CTE. (Photo courtesy of USC Athletics)Former USC football captain and defensive back Kevin Ellison, who won three Rose Bowl games while at USC from 2005 to 2008 and had a brief NFL career with the San Diego Chargers, died on Oct. 4 while walking the I-5 freeway in the San Fernando Valley. He was 31. His mother, Judy Reisner, confirmed his death and said that he died after being hit by a car. The Los Angeles County coroner’s office did not release a cause of death.Ellison’s brain will be donated to Boston University’s Chronic Traumatic Encephalopathy Center to study  CTE, according to  Reisner.Kevin had dealt with mental health issues in the past, which his mother said may have caused him to be walking on the freeway where he died. Reisner said her son’s mental health issues may have been caused by CTE. The degenerative disease, caused by repeated traumatic brain injury,  is common among NFL players, the CTE Center found. Some families of football players have filed wrongful death suits against the league because of CTE. According to the CTE Center, 110 of 111 NFL brains that they studied were found to have CTE. They also said the disease caused symptoms including memory loss, dementia and depression, even years after head injuries stop occurring. In 2012 Kevin was put in a mental health institution for several months after being arrested on federal arson charges when he caused an apartment fire in Spokane, Wash. He was diagnosed with schizophrenia and bipolar disorder.“He got gradually worse, just because he wasn’t taking care of it,” said Chris Ellison, Kevin’s brother. “He had stopped taking his medication, and it was hard for him too.”However, Kevin’s life was also marked by happier memories. Reisner said Kevin had a “loving and magnetic” character. “Kevin had a personality where he was so accepting and loving of all people,” Reisner said. “He had a smile and eyes that were just engaging and drew you in. He cared about everybody.”Chris Ellison commented on Kevin’s passion for football.“He wanted to be the best,” Chris Ellison said. “He really believed that … he would know what everybody was supposed to do on the defense, and what everybody was doing on the offense. That’s just how he was.” Kevin started playing for USC football in 2005, and eventually became a captain for the Trojans.“He died with a Trojan sweatshirt on,” Chris Ellison said. “He was a Trojan for life. He loved [the] campus, he loved the University, he loved the people there.” Kevin’s mother said USC was always the school he wanted to attend.“It was really not a choice of other schools … he wanted to go to ’SC, so he took extra classes and graduated early from Redondo [Union High School] so he could start in January,” Reisner said. “He enjoyed playing at ‘SC, he enjoyed being in that school and that environment.”After attending USC, Kevin was drafted in the sixth round of the 2009 NFL Draft by the San Diego Chargers. He was also briefly part of the Seattle Seahawks during their off season. Chris Ellison said Kevin had a tattoo that read “Be the Best,” a mantra that Kevin lived his life by. Chris Ellison is planning a memorial service for Kevin on Oct. 27. No location has been set yet.Kevin is survived by his mother, Reisner, his two brothers, Chris and Keith Ellison, and his sister, Camille Ellison.last_img read more

USC battles Stanford for first place

first_imgDespite the myriad challenges the No. 1 USC men’s water polo team has faced — and, for the most part, overcome — this season, Saturday’s game against No. 3 Stanford at McDonald’s Swim Stadium may prove to be its biggest yet.Stanford, which enters the weekend at 19-1 and 6-0 in the conference, hasn’t lost since Oct. 11, and has been ranked in the top three nationally the entire season. The Cardinal won both the Navy and the NorCal tournaments at the beginning of the season, and during that time held the No. 1 ranking while the Trojans stalled in third place.“It’ll be another tough match,” said sophomore goalkeeper Joel Dennerley. “It was tough last year, and they’re pretty dominant this year, so it’ll be a challenge for us.”Surprisingly, the two teams have not met yet this season, despite their successes. USC and Stanford have participated in two tournaments — the NorCal Tournament in Palo Alto, Calif., and the UCI Invitational in Irvine, Calif. — together, but after a Trojan loss to UCLA in the NorCal tourney and a Cardinal loss to Cal at UCI, the teams were never given the chance to square off against each other.But while it may seem that the two squads have had little impact on each other this season, their recent history with each other leaves little to the Trojans’ imagination as to what to prepare for.“We haven’t played Stanford this year, and not since the NCAA finals last year, but we still prepare the same way we would for any other team,” Dennerley said. “We’ve watched them at other tournaments. They lost a few players last year, but the core of their team is more or less still there and they are doing the same things. We’ll match up as we need to, but it’ll be a tough game.”USC won all four of its games against Stanford last season, but three of them were decided by two goals or less. The most notable of the victories came in the NCAA championship game, in which the Trojans clinched their fourth national title with a 7-5 win. Every NCAA title the Trojans have won has come against Stanford.The Trojans avoided a major obstacle last weekend against UCLA on the road to set the stage for this important match, beating the Bruins 7-6 on a last-minute score from junior driver Kyle Sterling. But last week’s game doesn’t change anything for the team as they head into this week’s match, USC coach Jovan Vavic said.“The last game is over,” Vavic said. “This is a different opponent with different strengths, so we really have to get ready for it. We don’t labor on wins that much. We just have to get ready and execute. We have to focus on Stanford’s strengths, because they have a couple of really good players.”The winner of this match will gain sole possession of first place in the Mountain Pacific Sports Federation conference, and will likely take the first seed in the MPSF tournament in late November.“I think both teams are going to be excited that we finally get to play each other,” Vavic said. “I think it’s going to be a very emotional game for both teams, because this is the first time we’ll see each other after the [NCAA tournament]. Both teams have one loss, and the winner will be in really good shape.”last_img read more

Black Queens drawn in Group B of WAFU Zone B tournament

first_imgDefending champions Ghana have been drawn in Group B, together with Mali, Nigeria, and Guinea ahead of the second edition of the Union of West African Football Union (WAFU) B Women’s Cup of Nations in Abidjan in May.Ghana were seeded along with second time hosts Cote d’Ivoire, who are set to play in Group A alongside Benin and Senegal.Ghana’s Black Queens were crowned the champions of the maiden edition WAFU Zone B women’s tournament in 2018 after beating hosts Cote d’Ivoire 1-0 in the final.Group A: Cote d’Ivoire, Benin, Niger, SenegalGroup B : Ghana, Guinea, Mali, Nigeria–By: Daniel Koranteng/citinewsroom.com/Ghanalast_img read more