The pension fund said it increased its strategic allocation from 2.5% to 10%, while also raising its stake in inflation-linked bonds from 12% to 15%. Equity delivered 9.5%, with actively managed global and emerging market equity, and passively managed European equity, returning 11.7% and 5.1%, respectively.The pension fund replaced 5% of its global equities with an equal stake in European equities, “as they were priced more attractively”.Listed real estate, returning 26.2%, was the best performing part of the property portfolio.Actively managed property returned 5.5%.The KPN scheme attributed the 20.5% loss in commodities to falling oil prices and replaced all its passively managed investments – through future contracts – for actively managed holdings in the asset class. According to Cees Michielse, chairman of the scheme’s investment committee, the adjustment was part of a periodical reassessment of the entire investment portfolio.“The fixed monthly extension of the futures appeared to be predictable, allowing other market players, such as hedge funds, to anticipate,” he said.The pension fund also divested its remaining stake in hedge funds.“Already a couple of years ago, we expected better results from equity and bonds, and this prediction has come true,” Michielse said.In December, the KPN Pensioenfonds sold the put options it had used to hedge the equity risk in developed markets.On the back of rising equity markets, these derivatives came at the expense of 0.5 percentage points of the annual return.The scheme said it spent 0.34% of its assets on asset management and 0.03% on transactions.The KPN Pensioenfonds, which has 58,250 participants, is on course to merge with the €900m Ondernemingspensioenfonds KPN – the pension scheme for nearly 2,000 KPN staff who are not employed under a collective labour agreement.The Ondernemingspensioenfonds KPN returned 21.2% last year. As of the end of March, the schemes’ policy coverage ratios stood at 111.2% and 114.3%, respectively. The €7.5bn pension fund of telecoms giant KPN has confirmed that almost two-thirds of its annual return of 22.6% was due to its deployment of derivatives against various risks, including an interest hedge. In its annual report for 2014, the KPN Pensioenfonds said the actual return on investments was 8%.Over the course of the year, the scheme decreased its interest hedge of liabilities – through a combination of fixed income holdings, interest swaps and swaptions – from 85% to 61%.It generated a 10.1% return on its fixed income portfolio, with Dutch residential mortgages returning 9.1%.
Memorial contributions can be directed to the Franklin County 4-H Association. To sign the online guestbook or to leave a personal condolence please visit www.cookrosenberger.com. The staff of Cook Rosenberger Funeral Home is honored to care for the family of Richard Buckler. Those surviving who will cherish Richard’s memory include his loving wife of 55 years, Geraldine Buckler; children, Ronald (Kimberly) Buckler of Brookville, Debbie (Darrell) Banks of Laurel, and Sandy (Joe) Baxter of Brookville; five grandchildren, Kaylee, Evan, Anna, Ben and Jax; one great-grandchild, Jamison; one brother, August (Marilyn) Buckler of Millville, OH, and one sister, Mary (Jon) Schuck of Brookville. He was preceded in death by his parents. Richard R. Buckler, of Brookville, was born on May 25, 1938 in Brookville, a son to Francis and Marie Ziegler Buckler. He married Geraldine Stenger on May 1, 1965 at St. Michael Catholic Church and together they raised three children. Dick farmed and also worked at National Monument, Gillman’s and the Franklin County Park. He was a member of St. Michael’s Catholic Church and was a Franklin County 4-H Committee Leader, showing chickens. Dick loved horses, farming, fishing and collecting toy farm equipment. On Saturday, August 15, 2020 at the age of 82, he passed away in Columbus, Indiana. Due to the COVID-19 precautions and state mandates, all attending will be asked to follow proper social distancing protocol, including wearing a mask. If you are not feeling well, or if you have compromised immune system, you are encouraged to stay home. Friends may visit with the family on Thursday, August 20, 2020 from 10 a.m. until 12 noon at Cook Rosenberger Funeral Home, 929 Main Street, Brookville. Fr. Vincent Lampert will officiate a Mass of Christian burial at 12:30 at St. Michael Catholic Church. Burial will follow in the church cemetery.
THE Guyana government has again been called upon to intervene in the current cricket fiasco, which continues to affect the administration of the sport, both at the county and national levels.This plea was made by Secretary/CEO of the Rose Hall Town Youth and Sports Club (RHTY&SC), Hilbert Foster last Sunday during his address at the RHTY&SC’s 27th annual awards ceremony.Foster told the gathering, which included Prime Minister and Acting President Moses Nagamootoo, Director of Sport Christopher Jones and Social Protection Minister Amna Ally, that as a country we owe it to ourselves to make sure that Berbice and Guyana cricket is preserved for the next generations.“I would like to urge President David Granger, Prime Minister Moses Nagamootoo and the government of Guyana to intervene in this situation before it is too late. The Parliament of Guyana passed a Cricket Bill and it is the Law of Guyana. Unless it is overturned, all parties should respect it and the time to act is now. Mr Prime Minister, as a Berbician and a proud uncle of one of our Test players, please assist us to save Berbice cricket. Let it be your legacy and I’m confident that every Berbician shall be proud of you,” Foster said.Cricket locally over the years has brought into a virtual meltdown, and even though the Guyana Cricket Administration Act was passed in the National Assembly on May 15, 2014 and assented to by the-then President Donald Ramotar on August 4, 2014, the game continues to be in turmoil.The aim of the Act is to bring about order in the administration of cricket and to improve its governance and financial accountability arrangements.However, the Act is yet to be implemented because of the-then acting Chief Justice’s ruling of April 29, 2015, that restrains the holding of elections under the Act in respect of the Guyana Cricket Board and the county boards of Essequibo, Demerara and Berbice until the hearing and determination of the substantive action.Further, Foster said,“Today, Berbice cricket is in disarray due to the lust for power at the county and national levels. People who have no vision, no capacity to manage are in charge, despite not being elected to do so. We as a country owe it to ourselves to make sure that Berbice and Guyana cricket is preserved for our next generations. We cannot afford to let the legacy of Trim, Kanhai, Butcher, Madray, Fredericks, Solomon, Kallicharran and Nagamootoo be destroyed.”“No cricket is being played for clubs in Berbice; no coaching or off-the-field activities organised; unqualified coaches are selected to coach Inter-county teams; five clubs moved an illegal motion to remove a hardworking, dedicated and honest female administrator, while unqualified umpires are used in practice and Inter-zone matches,” Foster highlighted.He added, “Players are targeted because of their clubs. Coaches are told to leave certain clubs if they want to get coaching positions, while players are given homemade drinks and food with one piece of small chicken to survive for an entire day. Our players practise every day with no cricket in sight and clubs depend on the Rose Hall Town Youth and Sports Club to organise tournaments.”Foster pointed that while Guyana have won three consecutive three Regional four-day titles, it is because of the hard work of club officials at Georgetown Cricket Club, Demerara Cricket Club, Albion, Rose Hall Town, Everest, Tucber Park and Young Warriors, who work day in, day out to make a difference.“Take these clubs away and Guyana’s cricket would be dead and buried,” he concluded.
On a busy weekend of racing Thursday saw the Letterkenny Athletics /saint eunans Gaa five mile road race won by Gavin Crawford . A lot of club members took part in the thursday time trial instead apart from Gavin Harris who unsurprisingly did both. On saturday the glen duathlon took place with also a good turnout form the club.Also on Saturday Aidan Callaghan ran a ten k in roscommon running a pb of 34.12 and finishing fourth. In Ballyliffen three club members also took part in the ten mile road race.The weekend finished with the three k road race hosted by Letterkenny athletics Club. The big event next weekend is the club try a tri which is a 400 metre swim 13.5k cycle and 3.2 k run startin from Aura at ten thirty . All club members not taking part are asked to attend at nine thirty as there will be quite a demand for stewarding at various points around the course.Over 120 athletes have entered with the majority being from outside donegal so this represents an excellent opportunity for the club to showcase the event of triathlons and also the excellent sporting facilities available at our main race sponsor Aura.ResultsFive mile road race 1st Gavin Crawford 27.12,27th Seamus Nallen 32.3531st Noel Lynch 32.5544th Lisa Dalton 34.31 (3rd sw)49th Brian Boyce 35.24 55th Gavin Harris 35.4456th Tommy Hill 35.46three k road race46th jarlath Duffy 11.18 65th Evelyn Boyle 14.17Ballyliffen ten mile road race38th Nicholas Fowell 70.4596th Colin Dean 76.47133rd Padraic mitchell 79.33Glen duathlon run cycle run2nd Michael Duffy 70.103rd Eugene Mcgettigan 70.405th denis shields 73.307th Gavin Harris 75.2311th Adrian Herrity 78.24relay mark mccollum /gavin mcbrearty 78.28run cycle84.15Louise ruddy 3rd ladycathalATHLETICS: 24/7 CLUB RUNNER AIDAN HITS 10K PB IN ROSCOMMON was last modified: April 22nd, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:TRIATHLON: 24/7 CLUB NOTES