European asset managers, pension funds question value of commodities

first_imgThe €4.8bn PostNL scheme reported a 13% loss on commodities, while the €17bn Philips Pensioenfonds also announced significant losses.Over the first nine months of this year, the €334bn civil service scheme ABP and the €156bn healthcare scheme PFZW lost nearly 4% and 7%, respectively.Last year, the €55bn metal scheme PMT divested its 2% allocation to the asset class in favour of equities, while the €18bn PGB, the pension fund for the printing industry, cut its exposure by almost €500m.The €38bn metal scheme PME also fully divested, arguing that the asset class added little value and at times crossed “ethical boundaries”, particularly with respect to soft commodities.Hermes said, given the volatility of the asset class, it believed clients would be better off using commodities passively, as a diversifier.In a statement, it said: “We are an active manager, and we have found it increasingly challenging to deliver sustained, active returns in commodities.“A growing number of our clients and prospects are viewing commodities as a tactical diversification play, and, longer-term, we see this trend continuing.“This will impact future demand for our strategy and affect our ability to deliver best value to our clients.”Jason Lejonfarn, a commodities experts at BNY Mellon, has attributed the disappointing returns in commodities to a drop in prices of cereals, as well as the slowdown of the Chinese economy.However, Philippe Roset, head of Benelux at ETF Securities, has argued that returns over the past 10 years have averaged 7.3%.“This is better than equity,” he said.Roset said he referred to the Bloomberg Index, “as this provides a better picture because energy has a less prominent weighting than the Goldman Sachs Index”. Dutch pension funds and investment managers have questioned the value in outperforming commodity benchmarks, while in the UK Hermes Investment Management has shut down its commodities business line.The asset manager, wholly owned by the £40bn (€51bn) BT Pension Scheme, will close its business after finding it increasingly difficult to deliver active returns in the asset class.The news follows a growing trend in the Netherlands, where a number of pension funds – including large market players such as PMT, PME and PGB – have shifted away from commodities entirely.  The beleaguered asset class has hit returns at a number of the larger Dutch schemes of late. last_img read more

Beglin pleased Sterling stays away

first_img Since then he has given an interview, unsanctioned by the club, in which he stressed he was not “a money-grabbing 20-year-old” and his agent Aidy Ward added more fuel to the fire by insisting Sterling would not sign a new contract “for £900,000-a-week”. While Sterling was missing from training on Thursday, striker Mario Balotelli rejoined the squad after being compassionate leave following the death of his adoptive father. Off the field Press Association Sport understands former Reds midfielder Gary McAllister has held talks with Rodgers regarding the vacant first-team coaching position. On Monday Sean O’Driscoll was confirmed as the new assistant manager, following last month’s sacking of Colin Pascoe, and while Pepin Lijnders has been promoted from the academy to become development coach there is still a coaching position to fill after Mike Marsh’s contract was not renewed. Ahead of the club’s tour Jordan Henderson is also expected to be confirmed as the club’s new captain, having deputised on many occasions last season for the now-departed Steven Gerrard. “Sterling is doing #LFC a favour by staying away,” Beglin wrote on Twitter. “You don’t want that kind of attitude anywhere near a dressing room.” The squad are due to fly out to Thailand on Sunday ahead of their first friendly against a Thai All Stars side in Bangkok next week. Sterling has been the subject to two failed bids from Manchester City, the last an offer of £40million, and they continue to monitor the situation. Liverpool remain adamant the England international will not be allowed to leave for anything below their £50million valuation – a price City appear unwilling to meet. Protocol dictates Sterling has to be assessed by the club’s medical staff to determine the extent of his illness and if he is deemed to be fit enough to train there is the possibility of him being fined. Despite another missed training session Liverpool remain determined to have him on the plane with the rest of the squad on Sunday. The relationship between the player and club has deteriorated since Sterling rejected a £100,000-a-week contract offer in January. The England international was absent from the squad’s pre-season preparations at Melwood for the second successive day after reporting in ill again. It is understood Sterling has already spoken to manager Brendan Rodgers this week to tell him he did not want to travel on the tour to Asia and Australia. Former Liverpool defender Jim Beglin believes Raheem Sterling is doing the team a favour by missing training. Press Associationlast_img read more

Taylor bolsters Zimbabwe but weather intervenes in second Test

first_imgHARARE, Zimbabwe (Reuters) – Brendan Taylor struck a fluent half-century as Zimbabwe moved into a strong position on day four of the second and final Test against Sri Lanka, but are in danger of running out of time to force a victory after rain interrupted their charge.Zimbabwe were 241 for seven at the premature close, with 90 minutes lost in the final session, a lead of 354 with one day remaining in the Test.Their total was boosted by 67 runs from 75 balls from Taylor as he attempted to up the scoring rate on a day where only 54 overs were possible because of rain and bad light.Captain Sean Williams (47 not out) and Donald Tiripano (1 not out) were at the crease when the players were called from the field, and the home side must now decide when to declare to give themselves the best chance of bowling out Sri Lanka in the second innings on the fifth day.Zimbabwe need a win to level the two-match series after Sri Lanka won the opening Test.The home side resumed their second innings on 62 for one, but lost nightwatchman Regis Chakabva (15) early, and then opener Prince Masvaure (35) was run-out.Taylor struck eight fours and a six in his innings before he was trapped leg-before-wicket by seamer Lahiru Kumara having recorded a second half-century in the Test to go with his first-innings 62.Timycen Maruma played his first Test innings in seven years as a concussion replacement for the unlucky Kevin Kasuza, who was hit on the head for the second Test in a row on Wednesday, but made an unhappy return with a 14-ball duck.Sikandar Raza (34) and Williams put on 70 for the sixth wicket to bolster the innings, but the home side were left frustrated by constant breaks for the bad weather that have hindered their chances of getting a win.ZIMBABWE 1st innings 406SRI LANKA 1st innings 293ZIMBABWE 2nd innings o/n 62 for onePrince Masvaure run-out Dhananjaya de Silva 35Craig Ervine c Niroshan Dickwella b Vishwa Fernando 13Regis Chakabva c Dhananjaya de Silva b Lasith Embuldeniya 15Brendan Taylor lbw Lahiru Kumara 67Timycen Maruma stp. Niroshan Dickwella b Lasith Embuldeniya 0Sikandar Raza lbw Vishwa Fernando 34Sean Williams not out 47Tinotenda Mutombodzi b Suranga Lakmal 8Donald Tiripano not out 1Extras: (b-4, lb-15, nb-1, w-1) 21Total: (seven wkts, 74.5 overs) 241Fall of wickets: 1-32, 2-64, 3-111, 4-124, 5-151, 6-221, 7-240.Bowling: Suranga Lakmal 17.5-5-28-1 (nb-1), Dhananjaya de Silva 7-2-32-0, Vishwa Fernando 20-5-43-2, Lahiru Kumara 10-2-38-1 (w-1), Lasith Embuldeniya 20-0-81-2.last_img read more

3-star linebacker Thomas, cornerback Cordy commit to Orange

first_img Published on February 2, 2014 at 11:40 am Contact Jesse: | @dougherty_jesse Facebook Twitter Google+ After taking his official visit this weekend, three-star linebacker Jonathan Thomas has verbally committed to Syracuse.Thomas confirmed his verbal in  a tweet on Sunday.So blessed to be given the opportunity to continue my football career at Syracuse University.— Jonathan Thomas (@jonny_suave1) February 2, 2014 AdvertisementThis is placeholder textThomas is a 6-foot-3, 210-pound linebacker from Collins Hill (Ga.) High School, and is the second player to pledge to the Orange this weekend after two-star defensive tackle Jalen Harvey did so Saturday. Thomas considered offers from Oklahoma, Cincinnati, Indiana and Marshall, according to, before choosing SU.He joins Colton Moskal, Parris Bennett and Zaire Franklin as the fourth linebacker in the Orange’s Class of 2014, and the 20th player to pledge overall.Cornerback Antwan Cordy verbally commits to OrangeAntwan Cordy also visited this past weekend and pledged to the Orange on Sunday.The cornerback who attends South Dade Senior (Fla.) High School in Homestead is not rated by Scout or ESPN, but is a two-star recruit on is the fourth player to verbally commit this weekend, joining Thomas, tight end Adley Enoicy and defensive tackle Jalen Harvey. He also considered offers from Duke, Georgia Tech and Minnesota, among other schools, according to Scout.Cordy joins Lamar Dawson, Cordell Hudson and Juwan Dowels as the fourth cornerback back to verbally commit to the Orange for 2014, and is the 22nd player overall. Commentslast_img read more

McIlroy says friendship was reason for split with caddy

first_imgPhoto © – Tipp FM Rory Mc Ilroy says he needed to preserve a personal relationship by sacrificing a professional one which is why he has parted ways with his caddie JP Fitzgerald.The pair had been competing together for nine years – winning four majors.Childhood friend Harry Diamond will be on the bag for the world number four during this weekend’s WGC event in Ohio.last_img

Watch Photos: Ghana v USA – 2014 FIFA World Cup in Brazil

first_imgGhana v USA – 2014 FIFA World Cup in Brazillast_img

Zion Williamson, Coach K react to Duke’s ‘unbelievable’ comeback against Louisville

first_imgCoach Mike Krzyzewski and Zion Williamson reacted to an “unbelievable” moment after No. 2 Duke pulled off an improbable win Tuesday against No. 16 Louisville.The two shared some of the conversations the team had after trailing the Cardinals by 23 points with 9:58 left to play before eventually securing a 71-69 victory in one of the largest comeback wins in the school’s history. Duke vs. Louisville: Three takeaways from the Blue Devils’ incredible win Winners only. 🐐🐐🐐🐐— Duke Basketball (@DukeMBB) February 13, 2019Williamson, who had a game-high 27 points and 12 rebounds for the Blue Devils, said he relied on something Krzyzewski had told him in the past to turn the game around.“I’m not going to lie, it was very frustrating,” Williamson added. “Coach K has this thing he tells me before every game — too many hours. If you add all the hours from when we started playing basketball as a kid to now, that’s a lot of hours, that’s a lot of muscle memory. The shot might not be going in, but it’s going to go in eventually.”Duke improved to 22-2 (10-1 ACC) with the win, while the Cardinals dropped to 17-8 (8-4 ACC). Krzyzewski revealed after the game the message he told his players, hoping to provide them with the motivation needed to pull off the comeback.”Panic isn’t the right word, but we lost confidence and we just looked bad,” Krzyzewski explained. “I told my team, ‘You’re not losers, but you’re playing like losers.'”Williamson noted: “(Krzyzewski) said he don’t coach losers, he only coach winners. Go out there, play hard and he can coach us to a win.”center_img Duke vs. Louisville: 5 crazy stats from the Blue Devils’ improbable comeback win “We were spectacular for 9 1/2 minutes. It was just good enough to make do,” Krzyzewski said, per “I feel bad for (Louisville), because they were so d— good. … They probably were more deserving of winning.“I did think we could play better. I was hoping that we wouldn’t lose by 35. I’m not kidding. We could have. So you’re talking positive, but I don’t know belief … At that point I think I may have been telling a lie.” Related Newslast_img read more

College football schedule Week 13: What games are on today? TV channels, times, scores for top 25

first_imgThe other top-25 matchup on Saturday comes later in the afternoon as No. 24 Texas A&M looks to upset No. 4 Georgia and end the Bulldogs’ Playoff hopes.WEEK 13 PICKS: Straight up | Against the spreadAs will be the case throughout the remainder of the regular season, all eyes will turn to the top teams looking to avoid damaging upsets. This week, No. 1 LSU hosts Arkansas, No. 3 Clemson is on bye, No. 5 Alabama plays Western Carolina and No. 6 Oregon and No. 7 Utah are on the road against unranked opponents.College football schedule Week 13: What games are on today?Here’s the full schedule for Saturday’s Week 13 top-25 college football games, plus final scores and how to watch every game live. All times are Eastern.You can keep up with live scores and stats with SN’s live scoreboard .Saturday, Nov. 23GameTime (ET)TV channelNo. 9 Penn State vs. No. 2 Ohio StateNoonFoxWestern Carolina vs. No. 5 AlabamaNoonESPNNo. 11 Minnesota vs. NorthwesternNoonABCSamford vs. No. 16 AuburnNoonSEC NetworkIllinois vs. No. 19 IowaNoonBig Ten NetworkNo. 22 Oklahoma State vs. West VirginiaNoonESPN2Boston College vs. No. 15 Notre Dame2:30 p.m.NBCTexas State vs. No. 23 Appalachian State2:30 p.m.ESPN+No. 24 Texas A&M vs. No. 4 Georgia3:30 p.m.CBSPittsburgh vs. No. 25 Virginia Tech3:30 p.m.ESPN2No. 12 Michigan vs. Indiana3:30 p.m.ESPNTexas vs. No. 13 Baylor3:30 p.m.Fox Sports 1No. 21 SMU vs. Navy3:30 p.m.CBSSNPurdue vs. No. 14 Wisconsin4 p.m.FoxNo. 18 Memphis vs. South Florida4 p.m.ESPNUArkansas vs. No. 1 LSU7 p.m.ESPNTemple vs. No. 17 Cincinnati7 p.m.ESPN2No. 6 Oregon vs. Arizona State7:30 p.m.ABCTCU vs. No. 8 Oklahoma8 p.m.FoxNo. 7 Utah vs. Arizona10 p.m.Fox Sports 1No. 20 Boise State vs. Utah State10:30 p.m.CBSSNHow to watch, live stream college football gamesThe Week 13 games involving ranked teams will be televised live on national TV, with games appearing on ESPN, ABC, CBS, CBS Sports Network, Fox, Fox Sports 1, NBC, ESPNU and ESPN+, as well as conference-focused channels such as the SEC Network and Big Ten Network.College football scores Week 13GameNo. 9 Penn State vs. No. 2 Ohio StateWestern Carolina vs. No. 5 AlabamaNo. 11 Minnesota vs. NorthwesternSamford vs. No. 16 AuburnIllinois vs. No. 19 IowaNo. 22 Oklahoma State vs. West VirginiaBoston College vs. No. 15 Notre DameTexas State vs. No. 23 Appalachian StateNo. 24 Texas A&M vs. No. 4 GeorgiaPittsburgh vs. No. 25 Virginia TechNo. 12 Michigan vs. IndianaTexas vs. No. 13 BaylorNo. 21 SMU vs. NavyPurdue vs. No. 14 WisconsinNo. 18 Memphis vs. South FloridaArkansas vs. No. 1 LSUTemple vs. No. 17 CincinnatiNo. 6 Oregon vs. Arizona StateTCU vs. No. 8 OklahomaNo. 7 Utah vs. ArizonaNo. 20 Boise State vs. Utah State4:08 p.m.: Michigan evens the score after falling behind early. Michigan answers Indiana’s opening drive TD! Shea Patterson with a perfect pass to Ronnie Bell for the 6 yard TD!— I’M SEEING GHOSTS (@FTBeard11) November 23, 20194:06 p.m.: UCLA on the board first!UCLA strikes first! Screen pass to Demetric Felton and he takes it in for the 9 yard TD!— I’M SEEING GHOSTS (@FTBeard11) November 23, 20194:04 p.m.: Not the way Baylor drew it up, probably.Charlie Brewer hits Chris Platt for 44 yards, but Platt fumbles and Texas recovers!— I’M SEEING GHOSTS (@FTBeard11) November 23, 20193:40 p.m.: Young might be the best player in college football.” @youngchase907 is the most impactful player in America”The @OhioStateFB star has been on another level today.— FOX College Football (@CFBONFOX) November 23, 20192:24 p.m.: Sean Levis keeping makes it a one-possession game!NEXT MAN UP 💪 @will_levis— Barstool Penn State (@PSUBarstool) November 23, 20192:21 p.m.: Penn State is not going away!Things are getting interesting in Columbus.You didn’t count out @PennStateFball , did you?— Big Ten Network (@BigTenNetwork) November 23, 20192:14 p.m.: Journey Brown finally gets Penn State on the board!🙌 @PennStateFball is down but not out!Journey Brown finds the end zone to pull the Nittany Lions to within 2 scores of Ohio State.— FOX College Football (@CFBONFOX) November 23, 20192:12 p.m.: Sean Clifford keeping Penn State in it!Sean Clifford drops the snap, picks it up and hits Nick Bowers for the first down… but Clifford took a shot and stayed down!— I’M SEEING GHOSTS (@FTBeard11) November 23, 20191:40 p.m.: Jaylen Waddle might be the most electric player on the field at any given time.In case you didn’t know, or forgot: JAYLEN WADDLE IS FAST!!!!!!! 54 yards to the house! 🔥🔥🔥— I’M SEEING GHOSTS (@FTBeard11) November 23, 20191:07 p.m.: Penn State has a pretty good defensive end themselves in Yetur Gross-Matos.Yetur Gross-Matos gets the sack on Justin Fields— I’M SEEING GHOSTS (@FTBeard11) November 23, 201912:44 p.m.: Another touchdown for Minnesota. Starting to look like the Big Ten West will be decided next week vs. Wisconsin.Minnesota up 14-0 after this 9 yard TD run from Shannon Brooks! #GoldenGophers— I’M SEEING GHOSTS (@FTBeard11) November 23, 201912:37 p.m.: Penn State needs to take advantage of Ohio State miscues like this. Heads-up play by the defense. Huge play for Penn State’s defense: Fields fumbles going into the end-zone, Penn State recovers!— I’M SEEING GHOSTS (@FTBeard11) November 23, 201912:34 p.m.: Xavier McKinney with the pick-six to make it 17-0 Alabama. That’s his second interception of the day.Xavier McKinney 81 yard PICK SIX!!!! His 2nd INT…. in the first quarter!— I’M SEEING GHOSTS (@FTBeard11) November 23, 201912:29 p.m.: Minnesota up 7-0.Rashod Bateman!!!! 19 yard TD! Minnesota up 7-0!— I’M SEEING GHOSTS (@FTBeard11) November 23, 201912:28 p.m.: And Ohio State’s on the board first with a dominating opening drive.13 play, 91 yard scoring drive for THE Ohio State, finished off by J.K. Dobbins!— I’M SEEING GHOSTS (@FTBeard11) November 23, 2019 Week 13 of the college football season has arrived and it figures to provide a handful of tests for College Football Playoff hopefuls.The action gets started early with the matchup of the day as No. 9 Penn State battles No. 2 Ohio State for first in the Big Ten East.last_img read more

Duke’s Vernon Carey Jr. declares for NBA Draft

first_imgHe was also voted a second-team All-American by Sporting News.SN’s MOCK DRAFT: Warriors face tough choice at No. 1 Duke big man Vernon Carey Jr. announced Friday that he will enter the 2020 NBA Draft, becoming the latest player to leave the Blue Devils.The 6-10, 270-pound Carey averaged 17.8 points, 8.8 rebounds and 1.6 blocks per game in his one season for Duke. He was voted Newcomer of the Year in the Atlantic Coast Conference and National Freshman of the Year by the U.S. Basketball Writers Association. “I loved competing with my teammates on the biggest stage in college basketball,” Carey wrote on Twitter.”We created memories that I will cherish forever. I grew as a player and person, and I feel prepared to take that next step,” he added.God Bless— Vernon Carey Jr. (@vernoncarey22) April 10, 2020Carey, a projected first-round pick, joins fellow freshman Cassius Stanley and sophomore Tre Jones as Duke underclassmen to enter the NBA Draft, which is scheduled for June 25.last_img read more

On 9/11 and 11M there was soccer

first_imgThere is no one who does not remember what he was doing, where he was and how he found out about the attack on the Twin Towers on September 11, 2001. A tragedy that changed the world. The impact of March 11, 2004 was similar for Madrid. A society that was totally paralyzed that morning. Far from acting accordingly, sports institutions forgot that soccer is made by people and appealed to the social work that makes entertainment to continue playing.September 11thThat Tuesday the group stage of the 2001-02 Champions League edition began. Such an attack caught everyone on the wrong foot and UEFA did not react in the best way. ORn minute of silence before each match seemed sufficient given the situation. Madrid won in Rome and Mallorca debuted in the competition beating Arsenal at Son Moix.“That dramatic day we ended up playing a soccer game, despite the doubts that accompanied the celebration of the game throughout the afternoon. We were caught falling in the concentration hotel. The players’ nap was forgotten this time, everyone watching the screen. The feeling was one of uncertainty. An hour before, just at the moment of giving the line-ups, the doubts were still going on. The journalists asked and also our relatives. Was he finally going to play? “Wrote Vicente del Bosque, Real Madrid coach, in 2016. The seriousness of the matter made the top organization of European football back down, which postponed the other half of the day, which had to be played on Wednesday (Barça and Depor played), and UEFA (Valencia, Celta and Zaragoza) the following week. Javier Irureta confessed that they were “more aware of the news than of the party” and Captain Mauro Silva admitted: “Many of us have slept very little because we spent the whole night in front of the television”. How could it be otherwise, all sporting events in the USA? USA were suspended.March 11In another shameful decision by Lennart Johansson, he also did not suspend the first leg of the UEFA Round of 16. Although there was no Madrid team, Barcelona, ​​Villarreal, Valencia and Mallorca did play. The minute of silence seemed enough again. “I think they were wrong not to postpone the matches of the Spanish teams”Camacho said, then Benfica technical.Two days later there was a League matchday. Spanish soccer also chose the most controversial option and played soccer since Saturday, opening with a game at the Vallecas Stadium, less than three kilometers from one of the bombs. “We are going to try to make Carousel as always, not as if nothing had happened; because that would be stupid to try and it would also be inhuman”, Paco González began his program in the SER chain.11M left everyone frozen, but even more so for the millions of people who use public transport every day to go to workr. One of many was Roberto, current goalkeeper for West Ham. The Atlético youth squad used to take a train in Vicálvaro and change at Atocha to go to his school in Alcorcón. Luckily for him, he was late for the train number 21713 that would explode in a few minutes at the Santa Eugenia station.last_img read more