​LD tenders DKK1bn Danish equities, ‘many more’ mandates to follow

first_imgDanish pension fund manager LD Pensions has kicked off a tender process for a DKK1bn (€134m) Danish equities mandate, and is set to offer a stream of further equity investment management contracts in the next 12 months.The firm, which manages the mature Lønmodtagernes Dyrtidsfond (legacy cost-of-living allowances fund), is currently preparing to manage a new fund, the Danish holiday allowances fund Lønmodtagernes Feriemidler. The Copenhagen-based organisation, which faces uncertainty as to how much it will be able to invest for the around DKK100bn new fund, said the value of the Danish equities mandate could increase.Kristoffer Fabricius Birch, head of equities at LD Pensions, told IPE: “We put the initial expected mandate size as DKK1bn, because this mandate will work for both the current LD fund and the holiday allowance fund.“The companies might maintain the holiday liabilities on their own balance sheet, so we don’t know what will become investable. That’s why our initial thought would be about DKK1bn but it might increase up to perhaps another billion or more,” he added. LD Pensions was selected to manage the new fund in 2017, after the EU deemed Denmark’s decision to delay holiday rights as unlawful in 2015. This granted a new lease of life to the firm, which had previously expected to close its doors within the next decade. Kristoffer Fabricius Birch, head of equities at LD PensionsFabricius Birch told IPE that LD Pensions will be launching “many more” tenders in the near future. Over the next 12 months, these will be foreign equity mandates such as smart beta and some active management. After that, he said, the firm will also tender mandates for fixed income investments.The new Danish listed equities mandate is a five-year contract, with the option for two 12-month renewals. The deadline for the receipt of tenders is 11pm on 22 August.The mandate is to be managed actively, with a long-term investment horizon, and the investment process must include both financial, strategic, and environmental, social and corporate governance (ESG) criteria and research, said LD Pensions, which is tendering on behalf of its subsidiary Kapitalforeningen LD (KLD), with whom the contract will be signed.The successful manager must have experience in engagement with companies in the investment universe in order to encourage and drive change and improvement on ESG matters, LD Pensions said in the announcement.last_img read more

Chyna’s Brain Donated to CTE Research: Manager

first_img Sharing is caring! Share 50 Views   no discussions Tweet Sharecenter_img HealthInternationalLifestylePrint Chyna’s Brain Donated to CTE Research: Manager by: NBC Washington – April 26, 2016 Share Joanie Laurer, aka Chyna, is pictured in this file photo.The brain of former WWE star Chyna, who was found dead last week in her Southern California home, will be donated for research involving the effects of concussions, her manager said Tuesday.Chyna, whose real name is Joan Marie Laurer, was found dead Wednesday in her Redondo Beach apartment. Police were responding to a 911 call from a friend who said the former 46-year-old World Wrestling Entertainment performer failed to answer her phone for a few days.Anthony Anzaldo, her manager, told NBC4 Los Angeles Tuesday that her brain will be donated for research involving chronic traumatic encephalopathy, a brain injury also known as CTE. Anzaldo said the brain has been given to Dr. Bennet Ifeakandu Omalu, a groundbreaking researcher who first discovered and published findings on CTE and was the subject of the 2015 film “Concussion,” starring Will Smith.“We want to donate her brain,” Anzaldo told The New York Daily News. “We want to know what made Chyna tick.”CTE has been diagnosed in the brains of several former NFL players. The progressive degenerative disease of the brain, which can only be diagnosed after death, has been found in athletes who have a history of repeated blows to the head and concussions.The result of her autopsy have not been released.Some of the former NFL stars diagnosed with CTE include former Chargers linebacker Junior Seau, Raiders quarterback Ken Stabler, Steelers lineman Mike Webster and the Giants’ Frank Gifford.Attorneys contacted him long before Chyna’s death to gauge interest in joining a brain injury lawsuit against the WWE, Analdo told the Daily News. They decided not to join the lawsuit, he said.The WWE — then known as the World Wrestling Federation — hired Chyna in 1997. After leaving the WWE in 2001, Laurer was determined to stay active in the entertainment industry. She wrote her memoir, became a semi-regular on Howard Stern’s radio show and appeared in TV sitcoms like “3rd Rock From the Sun” and reality shows including “The Surreal Life.” She was in Playboy twice and appeared in a string of porn movies.She joins a long list of WWE professional wrestlers who have died relatively young, including Rick Rude, Curt “Mr. Perfect” Hennig, the Ultimate Warrior and Owen Hart.last_img read more

Trojans open Pac-10 tournament with win over California

first_imgComing into the quarterfinals of the Pac-10 tournament against California, the Trojans were desperate to earn a quality win in order to improve their credentials before Selection Sunday in order to be invited to participate in the NCAA men’s basketball tournament.When the USC men’s basketball team (19-13) only made 1-11 shots to start the game, and Cal (17-14) jumped out to an early 11-3 lead Thursday afternoon at Staples Center, the Trojans found themselves in even more of a frantic position.“Our mentality was that we were desperate,” said USC coach Kevin O’Neill. “We needed to do something well.”After it took USC five minutes and 24 seconds to score its first points, on a three-point basket by junior guard Jio Fontan, the Trojans settled in, playing better defense and overcoming the initial shock that Cal started in a man-to man defense instead of a zone.USC went on to defeat Cal, 70-56.Senior guard Marcus Simmons made a three-point basket as time expired in the first half, capping a 26-11 run by the Trojans to end the opening half.The Trojans went into halftime with a 35-27 lead after making half of their twelve three-point attempts.USC shot 50 percent in the second half, and extended their lead to as large as 18 points.USC’s leading scorer, junior forward Nikola Vucevic, did not make a field goal in the first half, and committed three turnovers. He was called for two early fouls, causing him to only play 11 minutes in the opening half, and 27 minutes in the game. He finished the afternoon with seven points and five rebounds.“Nikola has carried us in a lot of games,” O’Neill said. “It was our turn to carry him tonight.”Even with Vucevic limited, the Trojans controlled the glass, outrebounding Cal on the offensive end 11-5, and converted 14 second-chance points compared to two for the Golden Bears.Freshman guard Maurice Jones led the Trojans with 16 points and four assists off the bench. USC is now 6-1 since replacing Jones in the starting lineup with senior guard Donte Smith.“I come out more aggressive now,” Jones said.Senior forward Alex Stepheson had 14 points and a game-high 16 rebounds.“[Stepheson] anchored our whole team tonight both offensively and defensively,” O’Neill said.Smith had 14 points on 4-6 shooting from beyond the arc, and Fontan had 12 points and four assists.Cal guard Allen Crabbe, the Pac-10 Freshman of the Year, paced the Golden Bears with a game-high 21 points.The Trojans held Cal guard Jorge Gutierrez, who was named First-Team All-Pac-10, to four points, his lowest total since playing against USC on January 22.Depth continues to be an issue for USC. Playing with a seven-man rotation, two Trojans picked up four fouls, and two others were called for three fouls. Six USC players were in the game for 27 or more minutes.“Our job as players [after the game] is to get off our feet as much as possible, and to get ready to play again,” Simmons said.USC has a quick turnaround. The Trojans will next play the winner of first-seeded Arizona and ninth-seeded Oregon State in the semifinals of the Pac-10 tournament on Friday at 6:00 p.m.“Every game is a must win,” Fontan said. “Our mentality the last six or seven games is that [each game] is the most important game of the season, and then the next game is even more important than the last one.”The Trojans did not compete in the Pac-10 tournament last season due to NCAA sanctions after winning it in 2009.last_img read more