Swiss pension fund looks to allocate more than €3bn to EMD, high yield

first_imgA 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 jayna.vishram@ipe-quest.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 2019last_img read more

Soundboard: Students discuss thoughts on National Signing Day

first_imgIn the video above, students on campus were asked about their thoughts on National Signing Day when top recruits, including five-star cornerback Iman Marshall and four-star linebacker Porter Gustin, committed to USC. Watch to learn more. For more details about the National Signing Day, read our coverage of it here.last_img

Sportingtech announces strategic Global DFS agreement

first_img Sportingtech raises the Pulse with new Retail Solution July 2, 2018 Submit Sportingtech to show Pulse power in Uganda through BetOn August 15, 2019 StumbleUpon Share Elvis Džombić – Sportingtech – The power of the Pulse platform March 21, 2018 Share Sportingtech has announced a key strategic partnership with Global Daily Fantasy Sports Inc (GDFSI), designed to enhance its platform in addition to furthering distribution to the global marketplace.Included as part of the deal is the integration of GDFSI’s Daily Fantasy Sports platform into the Sportingtech Pulse Platform, which the aim of increasing the operators offering to various customers.The solution is to be available in both mobile and desktop variants, and will allow “seamless integration at the operator level without sharing or compromising any sensitive customer data”.Darcy Krogh, Global Daily Fantasy Sports CEO, said: “We are delighted to sign Sportingtech as our first dotcom partner and achieve another milestone for our company. “Sportingtech has many customers in key markets who have shown an interest in daily fantasy sports and we are excited to work with them and their clients to introduce them to the world of daily fantasy sports.” Sportingtech details that through the new co-operation, it is well positioned to enhance its operators engagement of new customers. Elvis Džombić, Head of Business Development at Sportingtech, added: “We always look forward to bringing innovations that will generate added value for our clients and enrich the product portfolio within our Pulse platform solution. “This product is all about that, a game where skill meets social – designed for the rising demand of igaming products targeting the younger demographic. “Integrating the Global Daily Fantasy Sports solution is of a big importance for us from [a] strategic point of view, and will definitely help our clients to stay at forefront of the game”. Related Articleslast_img read more

FRANK SHORTT’S DAUGHTER ‘SENT NAKED PIC OF GAY MAN TO SCHOOL IN SCIENTOLOGY CULT ROW’

first_imgTHE daughter of Donegal public Frank Shortt is being sued by a gay man whose picture she sent to a school in a row over Scientology, a court has heard.Zabrina Collins is counter-suing in the case.Her dad Frank who wrongly accused of allowing drug dealing in his Quigley’s Point and served three years in jail before being cleared. He was given €4.6million in damages. Peter Griffiths, from Co Mayo, told the Circuit Court he allowed a picture to be taken of himself naked with his genitals covered only with a Guy Fawkes mask, “to support Prince Harry.”He is suing scientologist Zabrina for €50,000 damages for defamation. He said he did not expect the picture to have been shared around the world by scientologists.He said the picture of him had been taken by his boyfriend to support Prince Harry following the naked romp by the third in line to the British throne in a Las Vegas Hotel in August 2012.Prince Harry’s nude photo scandal sparked a naked craze which swept the internet at the time and included some of his former soldier pals “supporting him” in pictures in which they hid their decency behind combat helmets.Griffiths told barrister Frank Beatty, counsel for Collins, that the picture of him had been taken by his boyfriend in his apartment. In it he is seen saluteing with his right hand and holding the mask in his left hand over his genitals.Judge James O’Donohoe heard that the picture was one of several e-mailed by Ms Collins to the principal of St David’s CBS, Artane, Dublin, on May 3, 2013, after she had discovered a recording on You Tube of a talk on cults by Griffiths to a class of teenage boys at the school.Seamus O Tuathail SC, counsel for Griffiths, told Judge O’Donohoe that Ms Collins, a director of a chiropractic clinic, was being sued for up to €50,000 punitive damages for defamation in the letter sent to the principal and allegedly the vice principal, school secretary and several other teachers.He said that in turn Ms Collins and Michael O’Donnell, a marketing consultant of Cherrywood Lawn, Clondalkin, Dublin, members of the church, were suing Mr Griffiths and John McGhee, an embalmer, both of 3 Cual Gara, Teeling Street, Ballina, for assault, battery, trespass and nuisance.In the defamation set of proceedings Ms Collins’s address is stated as The Boulevard, Mount Eustace, Tyrelstown, Dublin 15. In the alleged assault proceedings her address was given as Rathmore Village, Tyrelstown.Mr O Tuathail, who appeared with barrister John Smith and solicitor Cormac O’Ceallaigh for both Griffiths and McGhee, said the two cases could be heard together but Judge O’Donohue ruled that he would hear the alleged defamation case first.The court heard that a teacher from St David’s CBS had asked Griffiths to address school pupils on the question of cults and Mr Griffiths agreed with Mr Beatty, in cross-examination, that his talk had centred mainly on the Church of Scientology.In her letter to the school principal Ms Collins alleged Mr Griffith’s lecture had centred on The Scientology religion, which counts Tom Cruise and John Travolta as members, in an extremely abusive, insulting and undignified way and accused him of “openly and viciously” slandering scientologists, accusing them of responsibility for three deaths and bribing a coroner in the US.The court heard she had accused Griffiths of being “an avid hate campaigner against scientologists and “hate mongering” against the church.She had also told the school principal that Griffiths was a leading figure in the “Anonymous group in Ireland whose trade mark was the Guy Fawkes mask” and which, she alleged, had been responsible for hacking websites including the Garda Headquarters website.Mr Griffiths denied Collins’s allegations and claimed she had implied he was involved in incitement to hatred and had, by innuendo throughout her letter held him out to be a criminal, a paedophile, a bigot and a hypocrite.He claimed her statements had lowered his reputation in the minds of right-thinking people while holding him up to hatred, ridicule and contempt.In evidence he denied that he hated scientologists or that his talk was intended to incite hatred against church members. He did not accept scientologists constituted a recognised religion and as far as he knew Ms Collins was an Ethics Officer and Director of Special Affairs in the church.He had spoken about how motivated scientologists were and what motivated them. He informed the children there were “dangers out there” and forewarned them not to get involved and that to do so might destroy their lives. As a former member he was warning people about the dangers associated with scientology.Mr Griffiths said he was shocked, horrified and appalled when he had obtained sight of Ms Collins’s allegations in which, he said, there was “not a grain of truth.”He agreed with Mr Beatty that he had recorded his talk and posted it with four images on You Tube. It contained the word “bullshit” once, “Fuck Off” twice and also used the word “crap.”Judge O’Donohoe, who viewed a number of videos, also heard of Mr Griffith’s involvement in a protest outside the church’s headquarters in Middle Abbey Street, Dublin, and stated the court had no evidence of criminal wrongdoing by, or garda prosecution of or alleged ongoing garda surveillance of Mr Griffiths.The court heard that members of Anonymous had been videoed until the end of last year when a High Court injunction had brought an end to that.The trial continues.FRANK SHORTT’S DAUGHTER ‘SENT NAKED PIC OF GAY MAN TO SCHOOL IN SCIENTOLOGY CULT ROW’ was last modified: November 6th, 2015 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:cultFrank ShorttscientologyZabrina Collinslast_img read more