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first_imgActively-managed investment funds recommended by investment consultants do not meaningfully outperform their benchmarks, according to the competition watchdog investing the UK consultancy sector.The Competition and Markets Authority (CMA) said it found no evidence that, net of asset management fees, products rated as ‘Buy’ by consultants outperformed either their respective benchmarks or unrated products to a statistically significant extent on average.This was based on an empirical analysis of actively-managed asset management products in a database maintained by eVestment, the CMA said.On average, recommended products outperformed their benchmarks only on a gross-of-fees basis. Passively-managed products were excluded from the analysis. “This analysis fits into our assessment of outcomes in terms of whether investment consultants are providing value for money in relation to the quality of their services,” said the CMA in a new working paper.It said it decided to assess the performance of consultants’ recommended asset management products because they were “an area which potentially adds value and can reasonably be measured, and where claims are commonly made”.It acknowledged that manager recommendations were only one part of the service consultants provided.The CMA has invited comments on its analysis and said it would present a final version of the work in its provisional decision about whether or not there is effective competition in the investment consultancy and fiduciary management sectors. The deadline for the final report is March 2019.The anti-trust authority said its work tested and expanded on analysis carried out by the Financial Conduct Authority (FCA). The FCA analysis – carried out in connection with its study on the asset management sector – found that “investment consultants in our sample were historically not able to pick out products that significantly outperformed (against benchmark) other products”.The consultants included in the CMA’s sample were: Aon, Capita, Hymans Robertson, Redington, Russell Investments, Willis Towers Watson, KPMG and LCP.Mercer was not included in this analysis because it did not subscribe to eVestment and therefore could not provide ratings data that could be matched with the database.The CMA said it attempted to include Cambridge in its analysis, but was unable to match any of their ratings into its dataset.last_img read more

first_imgGardai had to coax a man out of a hedge after he hid in it following a fight.Letterkenny Court.Kieran Maguire, 31, hid in the undergrowth at LIDL in Ballybofey, Co Donegal after a fight had broken out in the area on March 9th last. Gardai searched the area and found Maguire, of Main Street, Killygordon, in the hedge and he told them to “go f*** themselves.”The accused, who has just started his own mechanic business, eventually came out.His solicitor told Letterkenny District Court that his client had been drinking and had been “in a fracas of sorts.”It was Maguire’s first offence and he pleaded guilty to being intoxicated and causing a breach of the peace.Judge Paul Kelly asked Maguire if he had a drink problem and he said he hadn’t.He was ordered to pay €150 to a local charity and received the probation act.GARDAI HAD TO COAX MAN OUT OF HEDGE AFTER ROW was last modified: March 26th, 2015 by StephenShare 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)last_img read more

first_imgFerndale >> Shortly before halftime, it looked as though it would be a knock-down, drag-out fight to the end. With a few minutes left in the third quarter, the outcome was no longer in doubt.The Fortuna Huskies used a 19-point third quarter to turn what was a two-point game just before halftime into a 42-14 rout over the Ferndale Wildcats in the 51st annual Milk Can Game at Ferndale High School on Saturday.“Everyone did their job, and when it comes to playing Ferndale, you have to do your …last_img read more

first_imgNBA Africa Game 2018 Competition Terms and ConditionsThis promotion is open to all South African residents aged 18 years and older.This online promotion runs from 1 August 2018 – 2 August 2018.Competition entry mechanics:Entrants must answer a question correctly, as posted on the Brand South Africa social media platforms (Facebook, Twitter and Instagram).   Five correct answers will be drawn. Five winners, based in Joburg, will be selected by and notified by a Brand South Africa representative.  The winners will be notified via email or telephone. Winners will be prompted to send their details to Brand South Africa via email or telephone In the event that the winners do not respond within 48 hours of notification, or cannot take the prize, new winners will be drawn and substituted as the winners.  Prizes – 5 x double tickets to the NBA Africa Game at the Sun Arena Square, Pretoria on the 4th August 2018.  The prizes are not transferable and are not exchangeable for kind.  Exclusions: Transportation, refreshments and accommodation.  Winners must arrange their transportation and accommodation. Brand South Africa reserves the right to verify the validity of all entries.  To claim the contest prizes, the winners must produce their valid South African identity book and/or passport. General Terms and Conditions:By entering this online promotion, all competitors agree to be bound by the rules, regulations and requirements set out in the promotional material. This promotion is subject to South African law, and is not offered outside South Africa. All entries must be completed online by 10h00, 02 August 2018 (South African time) to qualify. Brand South Africa reserves the right to disqualify incomplete online entries. No responsibility will be accepted for online entries lost for any reason whatsoever, whether due to inaccessibility of the site via internet, network disruption, network congestion, malicious virus attack, unauthorised data hacking, data corruption and server hardware failure or otherwise. Proof of sending will not be accepted as proof of delivery. Nothing on email, or on any other website of Brand South Africa, or entrant’s use of the services or related hereto, shall be construed as conferring any license or other rights under the intellectual property or other proprietary rights of Brand South Africa or its subsidiaries or affiliates or any third party, whether by estoppels, implication or otherwise. Brand South Africa and/or its agent shall be licensed to evaluate all contest-related submissions for the purposes of the contest, including verification and judging and as specified in these terms and conditions. The software and programming code and media relating to the web site or Instagram page and contest-related communication is protected by the applicable laws of copyright, trademark, patent, competition and other proprietary laws. Brand South Africa’s decisions shall be final in all matters relating to the draw and no correspondence will be entered into. Brand South Africa reserves the right to change the terms and conditions without prior notice. An entrant shall be deemed to have notice of any such amendments or interpretations upon publication of the same on the website page and shall be deemed to have accepted such amendments or interpretations by virtue of his/her continued participation in the promotion. Should an entrant not wish to continue to participate in the promotion pursuant to the prevailing terms and conditions as amended or interpreted, he/she may terminate participation in the promotion upon written notice to Brand South Africa. Brand South Africa reserves the right to modify the competition or disqualify any entrant/contestant if fraud, misconduct or technical failures destroy the integrity of the competition as determined by Brand South Africa, in its sole discretion. Brand South Africa reserves the right at their sole discretion to cancel, terminate or suspend the promotion and select winners from among all eligible entries received prior to the cancellation. Brand South Africa may in its absolute discretion extend any time limit or waive any of the terms and conditions where a person might otherwise be disqualified. Brand South Africa may in its absolute discretion substitute the prize with one deemed to be an appropriate replacement value in the place of the prize. The promoter is Brand South Africa. 103 Central Street, Houghton, Gauteng, South Africa, 2041  Definition of NBA Entities: NBA Properties, Inc., the National Basketball Association (the “NBA”), and the NBA member teams (collectively, the “NBA Entities”). Exclusion of Employees of the NBA Entities from Eligibility:  Employees of the NBA Entities, including affiliates, agents and immediate family members and/or those living in the same household of such employees, are not eligible to enter or win the promotion.  Limitation of Liability:  The NBA Entities and each of their respective parent companies, subsidiaries, affiliates, officers, directors, employees, governors, owners, distributors, retailers, agents, assignees, advertising/promotion agencies, representatives, and agents shall have no liability and will be released and held harmless from any claim, action, liability, loss, injury or damage, including, without limitation, personal injury or death to winner or any third party or damage to personal or real property due in whole or in part, directly or indirectly, by any reason, including the acceptance, possession, use or misuse of the prize and/or participation in this promotion. Right of Publicity Release:  Participants in this promotion (if minor, his/her parent or legal guardian) agree to be bound by these Official Rules and agree that the NBA Entities and their designees and assigns may use the participant’s name, voice, city/state of residence, photos, video or film clips, and/or other visual likeness for advertising and/or trade purposes and/or for any other purpose in any media or format now or hereafter known without further compensation (financial or otherwise), permission or notification.last_img read more

first_img1 April 2014 The Momentum Proteas qualified for the semi-finals of the ICC Women’s World T20 for the first time with a five-wicket win over New Zealand in Sylhet on Monday. It was also a first-ever win for the South African women over the White Ferns in a World Cup. In three previous Women’s World Twenty20 tournaments, South Africa had finished bottom of their pool on every occasion, so to progress to the final four is a major step forward for Hilton Moreeng’s charges.‘The greatest moment’ “This is unquestionably the greatest moment in the history of South African women’s cricket to reach the semi-finals of a major ICC event,” Cricket South Africa President Chris Nenzani said in a statement on Monday. “It is indeed one of the great moments in the history of women’s sport in our country. “We are extremely proud of what our team has achieved and I wish them everything of the best for the rest of the tournament.”‘NZ innings Batting first after winning the toss, New Zealand managed only 114 for 8 in their 20 overs, with Sophie Devine’s 40 off 43 deliveries by far their best score. Only three other batswomen made it into doubles figures as the South African bowlers and fielders dominated. Medium pacer Marizanne Kapp starred with a haul of 3 for 23 in her four overs, while leg spinner Dane van Niekerk snared 2 for 12 in her three overs.SA reply South Africa lost two early wickets in their run chase, falling to 16 for 2, before Van Niekerk and captain Mignon du Preez came together to put on 36 for the third wicket before Van Niekerk fell for 23. Du Preez and Kapp then added 54 runs for the fourth wicket before Kapp was out for 23 with victory in sight. There was a slight hiccup when Du Preez fell on the same total for a captain’s knock of 51 off 47 balls. Tension was high as only 14 balls remained, with nine runs required, and two new batswomen at the crease. Chloe Tryon and Shandre Fritz showed few nerves, however, taking the Proteas to victory only four balls later.‘An incredible job’ “I thought that our bowlers did an incredible job today,” South Africa’s captain Mignon du Preez said after the match. “Kappie [Marizanne Kapp] and Dane [van Niekerk], as the seniors, led from the front and took matters into their own hands, taking wickets just when we needed them. The rest of our bowling unit, including Sune [Luus], PJ [Sunette Loubser] and Shibby [Shabnim Ismail] were fantastic in keeping the pressure up. “I am extremely impressed with the dog fight and spirit that the team displayed. We knew that this was a make-or-break game and we put our hearts into it, and I’m just really glad we gave the country something to cheer for today.”‘I’m peaking at the right time’ Reflecting on her contribution with the bat, Du Preez said: “It’s always great to be able to pitch in and play a big role for the team, just as they need it. As a captain, you want to always do well and today was a particularly important game, so I’m really glad that I’m peaking at the right time.” The Proteas will face either England or the West Indies in the semi-finals and Du Preez says no matter who her team faces it will be business as usual. “I think the formula we have been using has worked for us so far and we’re happy to continue with things the way that they are,” she explained. “We obviously want to be at our very best for the next match and we have a few kinks to work out, but right now, we are just going to regroup and just for tonight, enjoy this epic and historic win,” she concluded. SAinfo reporter and Cricket South Africalast_img read more

first_imgInvesting in sustainable buildings pays off in the form of higher rental rates, higher occupancy levels, and more interest among tenants in renewing their leases, according to a long-term study by Bentall Kennedy, a real estate investment advisory firm.The 10-year study looked at information gathered from occupants of nearly 300 office buildings representing 58 million square feet of commercial space in the U.S. and Canada.The company said that it used both tangible and intangible measures to study the impact of green certification. Tangible measures included rent and occupancy. The list of intangibles included the cost of rent concessions, lease renewal rates, and tenant satisfaction scores, according to a summary written by Bentall Kennedy sustainability vice president James Gray-Donald and published in Commercial Property Executive.Gray-Donald said that a number of studies published in the last five years found a “remarkably consistent” link between green building certification and financial performance, but property owners and managers remained skeptical.“A new study was designed to address this skepticism,” Gray-Donald wrote. “The recently published findings validate two key points. Firstly, making buildings more sustainable is a wise investment (it pays). Secondly, tenants care about certification (the badge matters).” LEED Posts Top 10 ListAre LEED-Certified Buildings Energy-Efficient?Pitting LEED Against Hopes and ExpectationsJudge Dismisses Gifford’s USGBC LawsuitLEED Gets Tougher Energy Requirements Adding more data to previous studiesPast studies produced plenty of evidence that green certification led to higher rent and occupancy levels, but skeptics complained that results were skewed because green buildings were better managed and in better condition because they were newer. Earlier studies didn’t look closely at the intangibles because “consistent datasets for those metrics are hard to come by,” Gray-Donald wrote.But Bentall Kennedy had more than a decade’s worth of data on energy and financial performance in buildings occupied by its clients and shared it with Devine and Kok. The study covered 24 million square feet of commercial space in Canada and another 34 million square feet in the U.S.In the U.S., LEED-certified properties could command a rent premium of 3.7% and had 4% higher occupancy rates when compared with similar properties that were not certified. Rents in Energy Star certified buildings averaged 2.7% higher, with a 9.5% higher occupancy rates.In Canada, results were even more positive: rents 10.2% higher and occupancy 8.5% higher in LEED-certified buildings. Buildings certified under LEED and a BOMA BEST, a certification program offered by the Building Owners and Managers Association of Canada, had occupancy rates 18.7% higher than non-certified buildings. Tenant satisfaction scores and renewal rates for those buildings were 7% and 5.6% higher respectively.“The findings and their application are powerful as they point directly to overall improved valuations for certified office assets relative to their non-certified competitors,” Gray-Donald said.Combining U.S. and Canadian results, he continued, a LEED and BOMA BEST level 3 certification would give office space 3.7% higher rental rates, 4% higher occupancy levels, and 5.6% higher tenant renewal probability.“Credible data is extremely important to real estate investors and their advisors,” he said. “Decisions to buy, sell or commit capital to assets have to be based on solid numbers that show return. We can all agree that resource efficiency and sustainability are worthy goals. However, the findings of this study validate the financial case for prioritizing strategies that lead to green building certifications.”Energy consumption in LEED-certified buildings has been a contentious issue in the past, but in this study LEED-certified properties in the U.S. showed 14% less energy consumption per square foot than non-certified buildings.In Canadian buildings, the study found certified buildings used more energy than non-certified buildings.“One explanation may be that newer buildings use and house more energy-centric technology,” the report says. “Also, higher people density in certified buildings may explain this finding.” Incremental costs of certification not crystal clearIn a telephone interview, Gray-Donald said that the authors of the report had made an attempt to find out how much certification added to construction costs.“The study was retrospective, so we tried to look at all the data we could find that was consistent and could be broken down month to month, and we did try to find the construction costs,” he said, “but it became very complicated to figure out what was truly incremental.”In the end, they estimated the added costs typically ranged from zero to 4% or 5%, although it could be somewhat higher in cases where building owners tried to hit LEED Platinum standards and the market wasn’t well developed.“Typically, in mature markets where you make a decision fairly early to pursue LEED, or in an existing building that has been fairly well maintained, the incremental cost is minimal,” he said.Finally, the level of LEED certification (certified, silver, gold, or platinum) didn’t seem to change the results in any significant way. In other words, tenants seemed just as happy and rents were just as high no matter what the level of LEED certification might be. With the BOMA BEST standard, however, Gray-Donald said higher levels of certification seemed to nudge results upward.center_img The full text of the report, written by Avis Devine of the University of Guelph in Canada and Nils Kok of Maastricht University in the Netherlands, is also available online. RELATED ARTICLES last_img read more

first_imgPH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Eya Laure doesn’t want to think much about becoming the future leader of University of Santo Tomas.But the way she’s playing belies that.ADVERTISEMENT View comments Bloomberg: US would benefit from more, not fewer, immigrants SEA Games hosting troubles anger Duterte UST coach Kungfu Reyes lauded his players’ efforts which he said was best in recent years.“Our development was very good, I hope we sustain it,” said Reyes. “Our only minus factor is we lost one player to injury (Alessandrini).”He said he won’t gamble using Alessandrini until the 6-foot-2 hitter is 100 percent ready physically and psychologically.Sports Related Videospowered by AdSparcRead Next Wintry storm delivers US travel woes before Thanksgiving Playing with a lot of heart, the rookie open hitter scored 15 points to power UST to a 25-18, 25-14, 25-20 rout of University of the East Sunday in the UAAP women’s volleyball at FilOil Flying V Centre.It was the third straight win for the Tigresses in a 5-2 card, good for a tie for second with the La Salle Lady Spikers at the end of their first round schedule.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“For me it’s about teamwork, playing with heart and communication,” said Laure in Filipino. She teamed up with UST resident gunner Sisi Rondina in burying the Lady Warriors to their fourth straight defeat for 1-6.Later in the day, University of the Philippines recovered from an opening set loss to turn back Adamson, 25-27, 25-14, 25-12, 25-21. Colombia protesters vow new strike after talks hit snag Trump tells impeachment jokes at annual turkey pardon eventcenter_img MOST READ Don’t miss out on the latest news and information. Breakthrough for Fuel Masters Google Philippines names new country director Ayel Estranero, UP’s soft-spoken setter, said their fourth win in seven games was a “morale-booster” after the Lady Maroons suffered stinging defeats at the hands of UST and rookie-laden National University.Adamson fell into a tie with UE in bringing up the rear of the eight-team field going into the second round next week.Rondina finished with 17 points, while Dimdim Pacres and KC Galdones contributed eight points each for UST, which has been playing without the injured Milena Alessandrini.“All of this is for Milena, she gives us motivation that every one must step up every game and do what we do in practice,” added Laure.Judith Abil scored 15 points for the Lady Warriors, including seven in the third set when she single-handedly tried to carry the fight for UE.ADVERTISEMENT Miguel Romero Polo: Bamboo technology like no other Private companies step in to help SEA Games hosting LATEST STORIESlast_img read more

first_imgEthel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue “I think he did a great job to make that step,” Divac said. “But moving forward, I just felt like we had to go a different direction. It’s been three years and we made some progress. This year was a good season but I think we could do more, especially after All-Star break.”Divac said he had been contemplating the decision to change coaches for a while and ultimately made it after the team stumbled to the finish with a 9-16 record after the All-Star break. The poor stretch run left Sacramento with a 39-43 record, nine games out of a playoff spot after being tied for the eighth spot in the West heading into the final game before the break.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsThe Kings had their most wins since having a 44-38 record in coach Rick Adelman’s final season in 2005-06. That ended a run of eight straight playoff berths and Sacramento hasn’t been back to the postseason since for the NBA’s longest active drought.“After the All-Star break, I felt very confident we’d be in the race and we were in the race,” Divac said. “Unfortunately, we fell short.” SEA Games hosting troubles anger Duterte PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss FILE – In this April 7, 2019, file photo, Sacramento Kings head coach David Joerger, right, reacts to a call as referee Leroy Richardson runs down court during the second half of an NBA basketball game, in Sacramento, Calif. The Sacramento Kings have fired coach Dave Joerger after three losing seasons. The team announced the decision Thursday, April 11, 2019, one day after finishing its 13th straight losing season _ the NBA’s longest active playoff drought.(AP Photo/Rich Pedroncelli, File)SACRAMENTO, California— Sacramento’s best season in 13 years wasn’t enough to save coach Dave Joerger’s job.General manager Vlade Divac fired Joerger on Thursday after he helped develop the young Kings into playoff contenders before ultimately falling short in the franchise’s 13th straight losing season.ADVERTISEMENT “The next level is to be a team that is going to be a playoff team and down the road a contender,” Divac said. “I think our kids are very talented. We have to believe in them and give them a chance to take advantage of their work and talent.”Sports Related Videospowered by AdSparcRead Next LATEST STORIES Philippine Arena Interchange inaugurated MOST READ Don’t miss out on the latest news and information. center_img Panelo: Duterte ‘angry’ with SEA Games hosting hassles DA eyes importing ‘galunggong’ anew No rest for the weary Private companies step in to help SEA Games hosting Cayetano: Senate, Drilon to be blamed for SEA Games mess Divac made the move official just hours after he was given an extension through the 2022-23 season by owner Vivek Ranadivé. Divac took over as GM before the 2015-16 season and helped bring in some of the key pieces that have led to the improvement this year, including guards Buddy Hield and De’Aaron Fox and big men Marvin Bagley III, Willie Cauley-Stein and Harry Giles.Divac also made a trade this season to acquire forward Harrison Barnes from Dallas in hopes of making a playoff push but the team faltered down the stretch.“Vlade has been vital to what we are building here and I am so pleased to announce his extension,” Ranadivé said. “Throughout his entire career, Vlade is someone who has always made those around him better, both on and off the court. I look forward to our bright future ahead.”Joerger was the ninth coach since Adelman was fired in 2006 with none able to post a winning record or a playoff berth. In fact, since moving to Sacramento before the 1985-86 season, the only winning seasons for the Kings came in Adelman’s eight seasons at the helm highlighted by a trip to the Western Conference final in 2002.Divac is now counting on coach No. 10 being the one that can get the team back to the level it had under Adelman, when the Kings were a contender for several years and played an entertaining brand of basketball.ADVERTISEMENT Hontiveros presses for security audit of national power grid View commentslast_img read more