A Swiss pension fund is seeking options for up to CHF3.5bn (€3.1bn) in emerging market debt (EMD) and US high-yield strategies, according to new searches on IPE Quest.The unnamed investor has launched six separate searches, including active and passive approaches and exposure to both hard and local currency strategies.In all cases, managers pitching for the mandates should have at least a five-year track record in the asset class in question, but a 10-year track record is preferred.Performance should be stated gross of fees to 30 June 2019. The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email email@example.com.Search QN-2548: Hard currency emerging market debt, actively managedThe pension fund is looking to allocate CHF300-400m to actively managed, hard-currency EMD. It currently has CHF700m invested in the asset class split between two active mandates.The benchmark for the segregated mandate is the JP Morgan EMBI Global Diversified index, as priced in Swiss francs.Managers interested in the mandate must have at least CHF5bn under management in the asset class and at least CHF10bn across the whole company. The maximum tracking error for the mandate is 2%.Those pitching for the allocation should have at least a five-year track record, but 10 years is preferred, the investor said. Managers should state performance gross of fees to 30 July 2019.Deadline: 5pm UK time, 30 July 2019Search QN-2549: Hard currency emerging market debt, passively managedThe passive allocation to hard-currency EMD could range between CHF300-700m, according to the search criteria. The benchmark is the same as for the actively managed search.Managers should have at least CHF10bn in the asset class and CHF20bn firm-wide. Maximum tracking error is 0.5%.Deadline: 5pm UK time, 30 July 2019Search QN-2550: Local currency emerging market debt, actively managedFor the actively managed local currency mandate, the pension fund is considering allocating CHF250-350m. It currently has an allocation of CHF280m.The strategy will be benchmarked against the JP Morgan GBI-EM Global Diversified index, priced in Swiss francs.Managers interested in the mandate must have at least CHF5bn under management in the asset class and at least CHF10bn across the whole company. The maximum tracking error for the mandate is 2%.Deadline: 5pm UK time, 31 July 2019Search QN-2551: Local currency emerging market debt, passively managedThe passive strategy’s allocation could also range between CHF250-350m, and will be benchmarked to the same index as the active allocation.The investor is open to passive or “passive enhanced” strategies. Managers should have at least CHF10bn in the asset class and CHF20bn firm-wide. Maximum tracking error is 0.5%.Managers should have at least CHF10bn in the strategy already, and at least CHF20bn across the company.Deadline: 5pm UK time, 31 July 2019Search QN-2552: US high-yield bonds, actively managedThe pension fund is considering options for a CHF500-600m allocation to an actively managed US high-yield bonds strategy. It currently has a CHF1bn allocation to the asset class, split between two mandates.The mandate will be benchmarked against the ICE BoAML US High Yield Master II index, with a maximum tracking error of 2%.Managers interested in the mandate must have at least CHF10bn under management in the asset class and at least CHF25bn across the whole company.Deadline: 5pm UK time, 29 July 2019Search QN-2553: US high-yield bonds, passively managedThe passive option will cover CHF500-1,100m of assets, according to the search criteria, with passive or passive enhanced strategies acceptable.The mandate will be benchmarked to the same ICE BoAML index as the active mandate, with a maximum tracking error of 0.5%.Managers should have at least CHF20bn in the strategy already, and at least CHF50bn across the company.Deadline: 5pm UK time, 29 July 2019
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Comment Wright was impressed by Ceballos (Picture: DAZN)‘Like I say the creativity from the midfield is a problem at the moment, the sooner they can sort that out the better,’ Wright told Premier League Productions after Arsenal’s defeat at Anfield.‘I think Dani Ceballos can play a bit further up and push on, especially if we’re going to player a counter-attacking style. ‘You cannot play a game and not get a guy as potent as Aubameyang in the game and get him some chances. ‘Mikel [Arteta] has to do something to get him into it. Unfortunately with Xhaka and Elneny – yes they can take the ball from the centre halves – but they can’t progress it into the forward areas. We didn’t keep the ball at all today. That’s what Mikel has got to worry about.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityArsenal have until Monday to make further additions to their squad and Arteta hopes to make at least one further signing.The Gunners are prioritising a deal for Lyon playmaker Houssem Aouar but still have hopes of signing Atletico Madrid defensive midfielder Thomas Partey. Wright believes the addition of Aouar could help Arsenal’s lack of creativity in midfield. ‘You can see that in Liverpool’s team everyone can move forward because Arsenal were starting so deep but what was evident to me was that we didn’t have that person in midfield who was comfortable enough on the ball until Ceballos came on,’ said Wright.‘[They need] Someone who they can pass the ball to, who is comfortable to receive it with someone on his back, who can pop it off, who can turn it round the corner. From there Arsenal can play but we can’t do that at the moment. That’s why it’s imperative we get Aouar from Lyon. ‘He’s someone that can get on the ball and get the forwards going. you saw the chances that Ceballos made when he came on. that’s what Arsenal need.’MORE: Darren Fletcher makes worrying Man Utd prediction as club dither in transfer window Advertisement Ian Wright tells Mikel Arteta to play Dani Ceballos in new position at Arsenal Sean KearnsThursday 1 Oct 2020 5:30 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link5.3kShares Dani Ceballos has been used sparingly so far this term (Picture: Getty)Arsenal legend Ian Wright believes Mikel Arteta should deploy Dani Ceballos in a more advanced midfield role this season in order to unlock the likes of Pierre-Emerick Aubameyang and Alexandre Lacazette.The Spaniard extended his stay at the Emirates by a further 12 months in August after Arsenal agreed a second one-year loan deal with his parent club Real Madrid.The midfielder is popular with supporters and he displayed his vision during an impressive cameo appearance in Arsenal’s 3-1 defeat to Liverpool on Sunday.Ceballos started the game on the bench but Granit Xhaka and Mohamed Elneny failed to deliver any service for Arsenal’s three-man frontline, who were starved of service until the Spaniard came on. AdvertisementAdvertisementADVERTISEMENTArsenal are keen on signing Lyon playmaker Houssem Aouar to fill their creative void but Wright believes Ceballos could be another option. Advertisement
SHARE Email Facebook Twitter Isenhour Announced as Chief of Staff; McGinty Leaves Wolf Administration Press Release Harrisburg, PA – Today, Governor Tom Wolf named Mary Isenhour Chief of Staff following the announcement that Katie McGinty had stepped down effective July 23.“Katie McGinty has been an invaluable advisor and friend, and her contributions to the Commonwealth will be remembered. We worked together to expand Medicaid, eliminate the unfair and costly SNAP asset test, save the children’s health insurance program in Pennsylvania, and implement key government reforms like a gift ban,” said Governor Tom Wolf. “Katie’s work has help lay the course for my administration, and I greatly appreciate her efforts to fix our schools, create jobs, and build a better Pennsylvania.”“It has been an honor to serve Governor Tom Wolf,” said Katie McGinty. “I am proud to have helped to fight to expand Medicaid and eliminate unfair asset tests while advocating for policies that will fund our schools and strengthen our middle class. I will continue to fight for the principles and polices that we worked on in the Wolf Administration including fixing our schools, creating jobs, and advocating for a living wage for our workers.”“Mary Isenhour is one of my closest advisors, and she has served as a valuable part of my administration,” said Tom Wolf. “Mary has earned respect from Republicans and Democrats, and she has vast and diverse experience in government that will help to guide my administration. I am eager to continue to work with Mary in her new role as my Chief of Staff.”“It is an honor to serve as Governor Wolf’s Chief of Staff, and I look forward to continuing to work with the governor and the administration to serve the people of Pennsylvania,” said Mary Isenhour. “Governor Wolf has the right priorities for the Commonwelath: schools that teach, jobs that pay, and government that works, and I look forward to working with him to implement his vision.”Mary Isenhour’s BiographyMary Isenhour most recently served as Governor Tom Wolf’s Secretary of Legislative Affairs.Mary Isenhour began her career as a staffer in the Kansas House of Representatives, where from 1991 to 1995, Mary was chief of staff to the Democratic Leader. It was here where Mary worked across party lines to advance legislation that improved the lives of the citizens of Kansas.In this role, Mary worked with leadership and committee members to develop and implement committee and floor strategies, and she worked on developing legislative strategy and building coalitions that resulted in legislation in numerous areas. Mary also served as liaison between the Leader and other elected officials, agencies, and political entities.From 1995 to 1999, Mary served as a national political director for the Washington, D.C. based Democratic Legislative Campaign Committee, and from 1999 to 2003, Mary served as executive director of the Pennsylvania House Democratic Campaign Committee (HDCC). Following her time at HDCC, Mary served as executive director of the Pennsylvania Democratic Party and as state director for Hillary Clinton’s Presidential Campaign.Mary has also owned a consulting firm and served as senior strategist to Tom Wolf for Governor.Download a high resolution portrait here.# # # July 23, 2015