​Italian pension fund Solidarietà Veneto to add infrastructure, real estate

first_imgItalian pension fund Solidarietà Veneto has announced plans to broaden its asset allocation to include infrastructure and real estate for the first time.Reporting on developments in the first half of this year, the €1.36bn pension fund said that because of the experience it had gained in private debt and private equity, it was now ready to further develop its alternatives investment, but also to introduce two new asset classes: infrastructure and real estate.In doing this, the fund — which covers staff of companies based in the Veneto region — said it would ideally try to “neutralise the environmental impact”.Paolo Stefan, director of the pension fund, described this approach as: “highly innovative for our country, but one that is almost normal if we look beyond the Alps”. The pension fund reported that environmental considerations were increasingly mentioned in meetings by some members. Solidarietà Veneto said that in the January-to-June period, financial markets had remained hostage to the policies and announcements of the central banks, which meant that attempting to diversify via quoted investments alone was likely to prove partially ineffective.This, it said, was the reason the pension fund had planned, in its last strategic asset allocation review, gradually to increase its allocation to alternatives.Since 2013 the fund had been leading the way in Italy in this area, it said, citing the start of its investing in private debt and private equity. Fresh sub-fund tweaks The pension fund also said it made changes to some of its sub-funds at the beginning of July, including to the asset allocation mix of the ‘Dynamic’ fund. The equity weighting for this sub-fund has been ramped up to 54% from 50%, with the bond weighting falling to 46% from 50%.“The intention is to compensate for the greater volatility arising from the increase in equities through deeper diversification and a more effective risk/return ratio, which will benefit the young people associated with this sub-fund,” the pension fund said.Meanwhile, benchmarks for the ‘Prudent’ and ‘Income’ sub-funds are changing to lengthen the bond duration, which the pension fund said should result in higher expected returns over the next few years.Solidarietà Veneto’s total assets rose to €1.36bn at the end of June from €1.26bn at the close of 2018.“The new wave of expansive monetary policies announced by the ECB and the FED has driven the performance of almost all the asset classes in the first part of 2019,” the pension fund said.The Dynamic sub-fund made a 6.09% return in the six-month period, it reported, while the Income, Prudent and Guaranteed TFR sub-funds posted returns of 3.93%, 3.59%, and 1.03% respectively.last_img read more

Chivalry is dead and you killed it, ladies.

first_img Sharing is caring! Share 31 Views   no discussions Share Sitting in traffic sucks, but it’s the ultimate observation capsule for people-watching. Might as well scrutinize while you’re stuck between a ditzy chick in a monster SUV and a tourist trying to snap pictures of the White House from the driver’s seat.It’s where I spied a young couple out on a date. He cracked a wry joke, she giggled daintily, and they held hands as they strolled up a block in the heart of downtown D.C. How in-the-honeymoon period adorable are they? I thought. But when Cute Couple paused to enter a restaurant, my foot almost slipped off the brake: he all but broke his neck to get in ahead of her and let the door slam—I mean, physically slonk her—on her shoulder.I sent her a telepathic message to turn tail, hail a cab, and end that date immediately. But she didn’t. She grimaced and limped in after him. And that’s one of the reasons why chivalry is dying a slow, brutal death.I’m not shy about telling y’all that I passionately believe manners are the glue of society, the thin line that keeps us all from going ape you-know-what on each other in social settings and public arenas. Not that that line isn’t fraying. If you’ve stood in line at Walmart for any length of time or taken a ride on public transportation, it’s like being on the frontlines of how dismally bad manners have really gotten.For some reason — I don’t know if it’s global warming or residuals from the Bush administration or the pull of the moon or what it is — but people have absolutely abandoned good, sound, traditional act-rightness. And that lack of decorum has bungled the dating scene. Like it wasn’t already like walking through a dog park with no clean-up laws in the first place.I’m as hip and trendy as the next fun-loving gal, but I’m super old-school when it comes to the application of manners. Feminist agenda be darned: I believe that men should walk on the side closest to the street when we’re out on the town, that they should pull out women’s chairs when we sit down at tables, and — for the love of all that’s even remotely cool — that they shouldn’t let the doggone door crush any part of our persons as they scurry in to slosh back their weight in nachos and beer at a local eatery.I believe being a gentleman is still one of the sexiest qualities a guy can possess and because I don’t see it as often as I’d like, it makes the trait all the more valuable when I do.Watching that girl go into her hell date made me want to scream like a scary movie fan watching a character about to get gutted in a slasher flick. But it’s typical of ladies in this day and age to let that kind of madness slide. I guess the pool of eligible, compatible, marry-able guys has been slimmed so close to depletion that we’ve learned how to settle for not having the little niceties like being respected and even a little revered.I mean, even if we’re not vying for a reception of royal proportions, the least us gals can demand is to be given the greenlight to go through a doorway first. But if we don’t insist on that kind of treatment, it’s not just going to magically manifest. We have to set the expectation early on that that’s how we want to be treated.My boyfriend’s gentlemanliness is one of the things I adore about him and his cute self. In fact, it’s something that all of the few guys I’ve dated had in common (I’m more of a commitment girl, so I’ve only been on a handful of outings that would qualify as a casual date). And if I did so happen to be out with a dude who apparently didn’t know better, I’d stop at the restaurant door and wait. And wait. And wait some more until he got the drift. Same thing at the table pausing for a chair to be pulled out. Same thing at the car door.In a way, it’s like doing my part to remind guys — or teach them if they never knew it in the first place (shame on their mamas, by the way) — that some women expect a higher standard of treatment. It’s not being bourgie or bitchy or snotty or snobby. It’s called being a lady.by The StirYahoo Shinecenter_img Share Tweet LifestyleRelationships Chivalry is dead and you killed it, ladies. by: – April 14, 2011last_img read more

Linda S. Piepmeier

first_imgLinda S. Piepmeier, age 62 of Aurora, died Tuesday, August 28, 2018.  Born May 4, 1956 in Batesville, she is the daughter of Norma Jean (Nee: Yates) and Wallace Piepmeier.  She was a security guard for the Cincinnati Children’s Hospital and the Public Library of Cincinnati and Hamilton County.Her family described Linda a true people person.  Friendly, with a warm smile, she was one of those people that never met a stranger.  She also had a soft spot for animals and dearly loved her dogs and cats, followed the Bengals and played the drums as well.  After her health began to limit her mobility, Linda became a huge fan of the old movies on the cable channel American Movie Classics (AMC).She is survived by her father Wallace Piepmeier of Lawrenceburg, Indiana; brothers Chuck (Darla) Piepmeier of Aurora, Indiana, John Piepmeier of Port Charlotte, Florida; niece Annetta Parks of Aurora, Indiana; nephews Jason Piepmeier of Plantation Florida, Scott Piepmeier of Boca Raton, Florida; great niece Shelby of Harrison, Ohio and great nephews Cody of Harrison, Ohio, Montanna of Williamsburg, Kentucky and Wyatt of Aurora, Indiana.  She is preceded in death by her mother Norma Jean.Linda’s wishes were to be cremated.  A graveside service will be held 10 a.m. Saturday, September 1st, at St. Louis Cemetery with Rev. Stan Pondo officiating.  Memorials may be made to the American Cancer Society or Our Hospice of South Central Indiana.  Weigel Funeral Home is in charge of arrangements.last_img read more