​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

HydraWell Grabs UK Frame Deal

first_imgHydraWell has been awarded a frame agreement by an undisclosed supermajor to provide technology and services for plug & abandonment (P&A) and well repair operations on the UK continental shelf.HydraWell’s HydraHemera second generation high pressure Perf, Wash & Cement, PWC jetting system has been chosen as technical solution for wells that will be plugged and abandoned or for re-establishing the integrity of wells that do not have sufficient barriers. The technology can be applied in both single and multiple casings.The frame agreement is valid for three years, with two additional one-year options. The operator also has a contract option to extend the use of HydraWell’s technology to all of its operated assets worldwide.“Last year, the client in question utilised our technology on three wells. Afterwards they approached us about entering into a frame agreement. We cannot think of any better endorsement from a client. The fact that another supermajor gives us their seal of approval makes this agreement even more special,” says Mark Sørheim, CEO of HydraWell.HydraWell has developed the patented PWC technology (perforate, wash and cement) that reportedly plugs offshore wells in 2-3 days, compared to the traditional method of section milling.“The essence of our technology is to enable operators to save huge amounts of rig time as well as to reduce their HSE risk and environmental footprint from not having to bring swarf cuttings topside,” says Sørheim.HydraWell UK will manage the contract out of its office and workshop in Dyce, Aberdeen, UK.last_img read more

For mental health, bad job worse than no job

first_imgWith unemployment still high, job seekers who have been discouraged by a lack of work might be inclined to take the first opportunity they’re offered. That will help pay the bills, but it could cause other problems: A new study suggests that some jobs are so demoralizing they’re actually worse for mental health than not working at all.The findings add a new wrinkle to the large body of research showing that being out of work is associated with a greater risk of mental health problems. In the study, which followed more than 7,000 Australians over a seven-year period, unemployed people generally reported feeling calmer, happier, less depressed, and less anxious after finding work, but only if their new jobs were rewarding and manageable.“Moving from unemployment to a poor-quality job offered no mental health benefit, and in fact was more detrimental to mental health than remaining unemployed,” says the lead author of the study, Peter Butterworth, Ph.D., a senior research fellow at the Centre for Mental Health Research at the Australian National University, in Canberra. The study was published in the journal Occupational and Environmental Medicine.Butterworth and his colleagues analyzed data from an annual survey in which participants described their mental state, their employment status, and — or those with a job — details of the working conditions that they enjoyed (or didn’t enjoy, as the case may be). The survey respondents were asked how strongly they agreed with statements such as “My job is complex and difficult” and “I worry about the future of my job.”The researchers focused on four job characteristics that are closely linked with mental health: the complexity and demands of the work, job security, compensation, and job control (i.e., the freedom to decide how best to do the job, rather than being ordered around).Unemployed people who found a job that rated well in these areas reported a substantial improvement in their mental health. By contrast, newly employed people who felt overwhelmed, insecure about their employment, underpaid, and micromanaged reported a sharp decline in their mental health, including increased symptoms of depression and anxiety. Even those who couldn’t find a job fared better. This last finding was “striking,” Butterworth says. “This runs counter to a common belief that any job offers psychological benefits for individuals over the demoralizing effects of unemployment.”Although certain types of jobs — such as working in a customer-service call center — are more likely to be downers, the working environment tends to have a greater impact on mental health than the job description itself, Butterworth adds. Managers are especially important to employee well-being, says Robert Hogan, Ph.D., an expert on personality in the workplace and a former chair of the department of psychology at the University of Tulsa. “Bad bosses will make anybody unhappy,” Hogan says. “Stress comes from bad managers.”Policy-makers should address the impact that the workplace has on mental — and not just physical — health, Butterworth says. “In the same way that we no longer accept workplaces that are physically unsafe or in which employees are exposed to dangerous or toxic substances, there could be a greater focus on ensuring a more positive psychosocial environment at work.”By Matt McMillen, CNN Health Tweet HealthLifestyle For mental health, bad job worse than no job by: – March 15, 2011 Sharing is caring! 58 Views   no discussionscenter_img Share Share Sharelast_img read more

Spurs battle back for victory

first_img Press Association Former Arsenal man Samir Nasri looked as if he was going to inflict another damaging defeat on Andre Villas-Boas’ men when he put City ahead in the first half. Despite the return of Gareth Bale, Spurs struggled to get in to the game. They lacked cohesion and spirit for most of the game, but they scored three goals in eight minutes through Clint Dempsey, Jermain Defoe and Bale to claim a famous victory which means Manchester United will win the title on Monday night if they beat strugglers Aston Villa. The early signs were good for Spurs. Amid a vibrant atmosphere in north London, Bale jinked past two defenders and fired a swirling shot which Joe Hart needed two attempts to gather. The atmosphere soon turned sour though when City opened the scoring. With just over four minutes on the clock, Carlos Tevez stretched the Spurs back four and picked out James Milner, who fed Nasri and he slotted home with a cushioned volley. Hugo Lloris had to be at his best to deny Edin Dzeko and Tevez in quick succession, but Spurs then went up the other end and thought they should have had a penalty when Michael Dawson’s header struck Gareth Barry’s arm, but referee Lee Mason waved play on. Dempsey had a golden opportunity to equalise just before the break but he headed over from Gylfi Sigurdsson’s corner. Tottenham’s push for an equaliser looked destined for failure until the 75th minute. City backed off Bale and he whipped a low teasing cross which Dempsey converted from close range. The goal lifted Tottenham’s spirits and they threw everything at City. The tactic paid off when Defoe, who had been on the pitch for just seven minutes, latched on to Lewis Holtby’s through-ball and curled a brilliant shot past Hart. A carnival atmosphere broke out inside White Hart Lane and the roof nearly came off moments later when Bale killed the game off by lifting the ball over Hart after a brilliant through-ball from Tom Huddlestone. center_img Tottenham’s Champions League hopes received a huge shot in the arm after they staged a stunning comeback to win 3-1 which left Manchester City on the brink of relinquishing their Barclays Premier League crown.last_img read more

Pardew demands flair men step up

first_img The on-loan France international will be missing with a calf problem once again as Palace arrive at St James’ Park, denying Pardew his 13-goal leading scorer. Remy’s absence at Fulham last weekend coincided with a toothless display in a 1-0 Barclays Premier League defeat, with Papiss Cisse passing up two glorious chances to end his personal drought. However, Pardew is hoping the likes of Cisse, the fit-again Hatem Ben Arfa, Luuk de Jong and Yoan Gouffran can take up the slack this time around as he contemplates a summer overhaul of his striking department with Remy only on loan from QPR. Pardew said: “It’s a major point for us because obviously Loic Remy is not our player and he has scored most of our goals, and we are struggling to score goals without him, especially since [Yohan] Cabaye left as well. “It really is a process where we are looking for somebody to step up and get the goals. “There will be no Loic this weekend, so we really need Papiss, Hatem, Luuk and Gouff to come up with the goals.” Newcastle have become increasingly dependent on Remy’s goals – the last game they won in which he did not score was at Palace on December 21 – and with the frontman likely to miss the next two at least, they need to find a solution. However, Pardew is adamant the Magpies have quality throughout their ranks. The 52-year-old said: “We are definitely not a one-man team, but he has given us a little bit of a spark. That’s what was missing at Fulham, that spark, and we need it to come from other areas. “We have some real flair in the squad. When we were on the terrific run, some of our flair players were not involved so much, like [Sylvain] Marveaux and Hatem, but now might be an opportunity for them.” Newcastle manager Alan Pardew has challenged his flair players to plug the yawning gap left in his team by Loic Remy’s injury, starting against Crystal Palace. Meanwhile, Palace manager Tony Pulis also wants his side to become “ruthless” in front of goal to secure their Premier League status. The Eagles are just three points above the relegation zone and having played more matches than Sunderland, where they drew 0-0 last weekend. Palace have managed just two goals in their last four matches and will be without striker Dwight Gayle, who picked up an ankle injury in training this week, while Morocco forward Marouane Chamakh is still troubled by his hamstring problem. Pulis accepts if the Eagles are to stay clear of being dragged back into the drop zone over their final nine games, then they need to put that statistic right. “We have to take our chances when they come along,” Pulis said at a press conference. “The two away games recently, Glenn Murray had a fantastic opportunity at Swansea to put us 2-1 ahead, and then KG [Kagisho Dikgacoi] misses a great chance at Sunderland. “They are big chances and you have to take those in the Premier League. “When they come along, you have to be really ruthless and take them. “We have got to maintain being a very hard-working team and be an organised, disciplined side but we have got to have the breaks in front of goal.” Palace midfielder Barry Bannan could be included in the squad again following illness, while defender Danny Gabbidon is another hoping to be involved after working on his match fitness. Press Associationlast_img read more

State Takes Custody of Teenager After Parents Chain Her to Bed

first_imgA teenager in southwest Florida is safe and in state custody, after using her watch to save herself from her own parents.According to the Lee County Sheriff’s Office, 35-year-old Jose Samuel Gonzalez and 37-year-old Yessica Sabala Funes are each charged with cruelty toward a child.Officials say the Bonita Springs couple allegedly chained their 17-year-0ld daughter to her bed to prevent her from running away again.Responding deputies reported that the teen was left with just a bucket to use to relieve herself.Courtesy: Lee County JailHowever, she used her Apple Watch to alert one of her friends about the situation, which led to authorities responding to the scene.Luckily, the child only sustained some chain marks that did not need medical attention.Her parents were released from jail Friday evening, after each posted a $5,000 bond.The Department of Children and Families was notified of the incident and currently has custody of the child.last_img read more

C. Michigan looks to end streak vs Ball State

first_imgSUPER SENIORS: Central Michigan has benefited heavily from its seniors. Kevin McKay, David DiLeo, Dallas Morgan and Rob Montgomery have collectively accounted for 64 percent of the team’s scoring this year and 72 percent of all Chippewas points over the team’s last five games.TERRIFIC TAHJAI: Tahjai Teague has connected on 24.6 percent of the 65 3-pointers he’s attempted. He’s also made 59.7 percent of his free throws this season.WINLESS WHEN: The Chippewas are 0-8 when they score 67 points or fewer and 13-8 when they exceed 67 points. The Cardinals are 0-8 when allowing 70 or more points and 16-5 when holding opponents below 70.PERFECT WHEN: Central Michigan is a perfect 6-0 when it turns the ball over nine times or fewer. The Chippewas are 7-16 when they record more than nine turnovers. The Ball State defense has created 13.1 turnovers per game in MAC play and 12.7 per game over its last three.DID YOU KNOW: The Central Michigan offense has scored 78.9 points per game, the 20th-highest figure in Division I. Ball State has only averaged 68.8 points per game, which ranks 223rd nationally.___ Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditCentral Michigan (13-16, 6-10) vs. Ball State (16-13, 9-7)John E. Worthen Arena, Muncie, Indiana; Tuesday, 7 p.m. ESTBOTTOM LINE: Ball State looks to extend Central Michigan’s conference losing streak to nine games. Central Michigan’s last MAC win came against the Bowling Green Falcons 92-82 on Feb. 4. Ball State lost 69-63 to Toledo in its most recent game. C. Michigan looks to end streak vs Ball Statecenter_img For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com March 2, 2020last_img read more

KLM, Travelstart Collaborate with All-female Nigerian Bobsled Team

first_imgAlso making a first appearance at the Winter Olympics is Simidele Adeagbo, who became the first African woman to qualify for the Skeleton category.President of BSFN, Solomon Ogba, applauded Travelstart and KLM for identifying with the federation.“We salute Travelstart and KLM Royal Dutch Airlines for identifying with Nigeria’s Bobsled Team. It is a novel initiative to partner these history-making Nigerians”, Ogba said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Travelstart and KLM Royal Dutch Airlines have collaborated to fly the historic Nigerian female bobsled and skeleton contingent to South Korea for the Winter Olympics.KLM, oldest airline in the world still operating and major sponsor will see the team fly from the Murtala Muhammed International Airport, Lagos through Amsterdam to Incheon International Airport in Seoul, the capital city of South Korea.Athletes, Seun Adigun, Ngozi Onwumere, Akuoma Omeoga and Simidele Adeagbo will represent Nigeria at the 2018 Winter Olympics in Pyeongchang. History was made back in November 2017, when the trio of Seun Adigun (Driver), Ngozi Onwumere and Akuoma Omeoga (brakemen) qualified Nigeria, thus becoming the first African team (men or women) to qualify in the Bobsled category.This is the first time in history that Nigeria will be making an appearance in the exclusive Winter Olympic Games. The Winter Olympics are set to be held from February 9 to 25 in Pyeongchang, South Korea.Both companies are partnering to show their support for the achievement of the Nigerian team as well as their deep commitment to progress in Africa.“At  KLM we are always looking for ways to be innovative, we care about our customers and we are also interested in supporting the countries we fly to. The Nigerian Bobsled and Skeleton team are a group of young ladies who are innovative, dynamic, ambitious, pacesetters, and resilient. “These great qualities set them apart and embodies our company’s ambitions. We are pleased to unveil today a driving partnership with Travelstart to fly the flag carrying team to South Korea to support their quest for gold. “As Africa’s largest online travel agency, we are excited to use our resources and our partnership with KLM Royal Dutch Airlines to get the Nigerian Team to their first Winter Olympics”, Michel Colleau, General Manager Air France KLM Nigeria & Ghana, Philip Akesson, Country Manager of Travelstart Nigeria said.last_img read more

Everything we know about Matthew Moyer’s injury situation

first_imgUPDATED: Feb. 12, 2018 at 11:53 p.m.One day during summer 2013, Annette Moyer got off the phone with a friend and thought: “X-rays? What X-rays?”Her friend, whose son played AAU basketball with her son, Matthew, had asked what the doctor had said. But Annette hadn’t been to the doctor’s with Matthew, and she didn’t know why her friend was asking. Matthew had come out to the car after a tournament was over with an ice pack on his right wrist, but Annette had seen so many players with so many ice packs over the years she figured it wasn’t a big deal.Now that she thought about it, though, it was odd Matthew had grabbed a few bags of frozen peas and went right upstairs to his room when they got home. Usually, he sat and talked for a little while. Annette learned Matthew had gone up for an alley-oop during the game and a defender had undercut him, and he had reached out his right hand to break the fall.The next day, Annette asked Matthew about his swollen hand, but he told her it felt fine. When the swelling didn’t stop shortly after, though, Annette made an executive decision for the high school freshman. X-rays revealed a broken wrist.AdvertisementThis is placeholder text“The team was more important to Matthew than Matthew’s health was important to Matthew,” Annette said.Now, she explained, Moyer finds himself in a similar situation.On Sunday, before the Wake Forest game, Moyer ruled himself out after consulting with his parents because of lingering pain from the high-ankle sprain sustained on Jan. 24 against Boston College. It’s unclear whether Moyer will be available on Wednesday at 9 p.m. for Syracuse’s (17-8, 6-6 Atlantic Coast) tip-off in the Carrier Dome with North Carolina State (16-9, 6-6). Part of the injury’s trickiness, Annette said, is that this is Moyer’s first high-ankle sprain.Moyer could not be reached for comment. Annette declined to specify a timeline for Moyer’s return because she thought that was best-addressed by the SU training staff. There was no update on his condition Monday evening, SU Athletics said.On the ACC teleconference earlier Monday afternoon, SU head coach Jim Boeheim said, “He’s obviously injured. … Haven’t seen him today.”Anna Henderson | Digital Design EditorMoyer practiced fully in contact drills on Monday and did not appear to be wearing anything to protect his ankle. Without Moyer, Syracuse has six players available who started this season with a scholarship and one of them, freshman center Bourama Sidibe, has also struggled to stay on the floor due to left-knee tendinitis.The timing of Moyer’s decision to sit seemed to frustrate Syracuse head coach Jim Boeheim, who noted in the postgame press conference that Moyer had practiced fully both of the two days prior and contributed against Louisville on Feb. 5 before sitting.“He can’t jump really off one leg, but I had bad ankles, you can jump off two,” Boeheim said. “His father came in and told him not to play and I don’t play someone when they don’t want to play. He said he was about 60 percent, which, I’ll take that. That helps us.”When asked about Boeheim’s comments, Annette said, “He’s the head coach, and we certainly respect that.”Not playing against Wake Forest cut short the seemingly miraculous recovery Moyer made to play two minutes on Jan. 31 at Georgia Tech. In the week since the injury, he only missed one game. Then in Atlanta, Boeheim and Tyus Battle, Moyer’s roommate, lauded Moyer’s diligence in the training room to return in one week after they thought the injury might cost Moyer four to six weeks.Annette heaped praise on the training staff — “They’re phenomenal, they’re incredible” —  for even rehabbing Moyer to the point where he could play. Moyer has visited head trainer Brad Pike and his staff a lot, Annette said, sometimes between classes. The recovery impressed her because she had seen the picture of Moyer’s ankle looking like a bruised plum that was taken Jan. 27, the day Moyer sat out the game at Pittsburgh.Matthew Moyer’s foot on Jan. 27. Courtesy of Annette MoyerAnnette chalked up her son’s ability to play to a high pain tolerance. This summer, Annette said, Moyer returned home to have all four wisdom teeth pulled because she thought she would need to take care of him afterward. For the surgery, Moyer received anesthesia but stayed awake throughout and, after returning home, he stuffed his jaws with gauze and played basketball “for three hours.”Ultimately, though, Annette and Fred Moyer, Moyer’s father, figured their son had really downplayed the ankle pain when he missed an open layup at Louisville that normally, Annette thought, he would’ve finished.“That would’ve been a dunk,” she said. “All along, he’s been telling us that he’s in pain, but … we’re thinking that’s a part of the healing, because he’s like, ‘I’m good, I’m good.’ We’re like, ‘Are you sure?’ After that Louisville game, it’s like, he’s not OK.”She realized the broken wrist situation was playing out again.“Kids are going to (say they’re OK when they’re not) because they’re competitors,” she said. “They’re going to say whatever it’s going to take. Matthew knows (Syracuse is) short-handed right now, so he’s going to put his health secondary.”Even after the win at UofL, Moyer assured his parents he felt fine. But this time, they pushed back. After a discussion, Moyer acquiesced and decided he probably should give himself more time to heal. By the time Fred left home in Ohio for Syracuse on Saturday morning, Annette said, Moyer had agreed to sit. That didn’t lessen Moyer’s desire to play.“Matthew would play on (the ankle) for 40 minutes right now,” she said. “But what’s going to happen is, you keep pushing something like that and it’s going to get worse. It’s not going to get better, it’s got to heal.”When Moyer is out, Boeheim has a shorter bench. His teammates have less leeway with fouls. Moyer himself isn’t doing what he wants to the most. For all of them, Moyer playing cures those ills. Syracuse wants Moyer to play just as much as he does.“He’s going to do everything he can to get back out there,” Annette said.CORRECTION: In a previous version of this post, Fred Moyer was misnamed. The Daily Orange regrets this error. Comments Published on February 12, 2018 at 11:11 pm Contact Sam: sjfortie@syr.edu | @Sam4TR Facebook Twitter Google+last_img read more

Sports Minister Intervenes in Dennerby’s Threat to Quit Falcons Job

first_img* Dare: Will seek a quick resolution to ensure he continues to coach NigeriaDuro IkhazuagbeNigeria’s Sports Minister, Sunday Dare has intervened in the threat by Super Falcons Manager, Thomas Dennerby to quit the Nigerian job. Dare wants the Swede to continue to coach the Nigerian ladies, with a promise to look into the problems faced by the gaffer.In his 18-month in charge of the Falcons, the 60-year-old former Sweden coach led Nigeria to win the 2019 WAFU Women’s Cup in Cote d’Ivoire as well as lifted the 2018 African Women’s Cup of Nations in Ghana. Dennerby also steered the team to the FIFA Women’s World Cup knockout stage for the first time in 20 years in France earlier this summer.The coach is believed to have resorted to this threat of quitting the job due to inability of the Nigeria Football Federation (NFF) secretariat to meet up with his demand for a permanent residence in Nigeria as well as proper travel logistics to support his going round the country to monitor league matches.But in a swift move after it was reported in the local media yesterday that Dennerby was on the verge of dumping the job, the Sports Minister got in touch with the NFF leadership on how to solve the problems.Dare announced on his Twitter handle on the social media early yesterday morning that Dennerby was going nowhere.“I have personally stepped into the matter of Thomas Dennerby, the Coach of Super Falcons. I received a brief this morning and will proceed to seek a quick resolution to ensure he continues to Coach Nigeria’s female team,” the minister announced on his official (@SundayDareSD on Monday morning.Before the minister’s intervention yesterday, the NFF had drafted the Under-20 women’s team coach, Christopher Danjuma, to lead the Super Falcons in a stop-gap role ahead of the team’s third round of the African Women’s Olympic qualifiers against Cote d’Ivoire later this month. The team’s camp opened in Abuja yesterday morning.Falcons defeated Algeria 3-0 aggregate in the early round fixture in the 2020 Tokyo Olympic qualifying series.Inside sources at NFF’s Glass House in Abuja had confided in THISDAY at the weekend that Dennerby made his intention not to return to Nigeria known since last week.“I learnt last week that he said he was not coming again. I can’t say what he has added to the team or new players he discovered. I think the federation is just overpaying these foreign coaches,” observed the informed source.Dennerby who led Sweden to finish third at the 2011 Women’s World Cup in Germany signed a two-and-a-half-year contract with Nigeria in January 2018.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more