AP4’s Ekvall calls for AP funds to have direct investment tools

first_imgThe chief executive of Sweden’s AP4 has called on the country’s legislators to give the funds the direct investment tools they need to make use of proposed new investment freedoms.Niklas Ekvall said in the fund’s newly-published annual report: “We are to be given the opportunity but not the tools, which we find hard to believe is the intention.”He referred to the proposed change in the investment rules for Sweden’s five AP funds, which invest capital to support the country’s first pillar pension schemes. The rules are currently going through the legislative process.Ekvall praised the proposal for allowing more flexibility in terms of allocation between different types of investment, with the key elements being a reduced requirement to hold liquid and high-quality interest-bearing securities and increased scope to invest in illiquid assets. “It is important, however, that this modernisation at the allocation level is followed by the corresponding level of modernisation of investment and instrument types in order not to significantly limit the more flexible allocation mandate, and impose unnecessarily expensive management,” Ekvall said. Niklas Ekvall, chief executive, AP4It was particularly important that the AP funds had the opportunity to make long-term and cost-effective direct investments such as joint ventures in unlisted companies, as well as investments in infrastructure, unlisted loans, and long-term sustainable assets.Ekvall made similar comments in the pension fund’s consultation response last autumn.The reform – part of a broader pensions overhaul in Sweden – is scheduled to take effect this summer.In financial results, AP4 reported it made a 9.1% net return on investment in 2017, on the back of “generally favourable performance for the global equity markets”.This return matches the return posted by AP2 earlier this month.AP4 said it would continue developing sustainable investments in its focus areas of climate, environment, and corporate governance.“Our low-carbon strategies increased to almost 31% of the global equity portfolio during 2017,” Ekvall said. This compared to 24% of the portfolio a year earlier.He said AP4 intended to increase these investments further and also widen the scope of sustainable investments.“We are doing this to lower the risk in the portfolio and create conditions for better returns,” he said.AP4’s total assets increased to SEK356.6bn (€35.6bn) at the end of 2017, from SEK333.9bn a year earlier.last_img read more

Cricket News Jasprit Bumrah Will Be Indebted To Virat Kohli For The Hat-Trick: Harbhajan Singh

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Harbhajan Singh was the first Indian bowler to take a Test hat-trick.Jasprit Bumrah got the wickets of Darren Bravo, Shamarh Brooks and Roston Chase.Hanuma Vihari scored his maiden century. New Delhi: Jasprit Bumrah created history on Saturday when he became the third Indian bowler after Harbhajan Singh and Irfan Pathan to take a hat-trick in Tests. Habrhajan had become the first Indian when he achieved the feat against Australia in Eden Gardens in 2001 while Irfan took the hat-trick in the first over of the Karachi Test against Pakistan in 2006. However, Bumrah almost did not get the hat-trick in Jamaica and it needed Virat Kohli’s help to achieve the feat. After getting rid of Darren Bravo and Shamarh Brooks, Bumrah rapped the pads of Roston Chase with a sharp inswinger and India appealed for an LBW. However, the umpire did not give it out and Virat Kohli took a review. Replays showed the ball was hitting leg stump and Bumrah had gotten the hat-trick.Speaking about Bumrah’s feat, Harbhajan Singh, who took the first hat-trick has said Bumrah will be indebted to Kohli in the same way like he was to Sadagoppan Ramesh during the Kolkata Test. Harbhajan trapped Ricky Ponting and Adam Gilchrist LBW and he got the hat-trick when Shane Warne flicked a quicker ball to short leg and Ramesh took the catch.”This hat-trick belongs to Virat as much as it belongs to Bumrah. The bowler wasn’t convinced but the skipper had a gut feeling. What if Virat wouldn’t have gone for that DRS? It was a brilliant call by the skipper which complemented his magnificent effort,” Harbhajan said.The offspinner, who has taken over 400 wickets in Tests, opened up about the hat-trick. Also Read | England series gave me confidence to bowl outswingers: Jasprit Bumrah”I remember that I discussed with Dada (Sourav Ganguly) and we decided to keep it on stumps and try for a third leg before but Warne flicked it. Now to be honest, Ramesh wasn’t the most athletic of the guys in that team. Yet at forward short-leg, he pulled off that stunner with a less than split second reaction time. Whenever I have later met Ramesh, I told him, ‘buddy my hat-trick belongs to you’. That’s why I believe that some things happen that come together and such a beautiful thing happens. It was Ramesh’s brilliance then and it’s Virat’s conviction now. I have never seen Rahul so excited, jumping with joy. Perhaps, he also didn’t believe Ramesh can pull off such a catch,” Harbhajan said.Also Read | Jasprit Bumrah becomes second-fastest Indian to 100 ODI wickets in World Cup clash vs Sri LankaHarbhajan, who has not played a Test for India since 2013, has said Bumrah’s exploits make him a blessing for the Indian cricket team. “Indian cricket is blessed to have a match winner like Bumrah. This hat-trick will only help his legend grow but even without that he is an incredible performer. I mean 5 wickets in 7 overs in last game and 6 wickets in 9 overs in this game. You can’t ask for more. He is a rare diamond. Look at Bumrah’s deliveries. The length and how it was tailing in. That’s pure skills,” Harbhajan said.center_img highlightslast_img read more

Singular selects Claudio Overend as legal and compliance lead

first_img Share Share Related Articles MoneyMatrix boosts wire transfer options by integrating Klarna’s Sofort August 24, 2020 Submit Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 StumbleUpon iGaming platform provider Singular has continued to strengthen its leadership team after confirming the appointment of Claudio Overend as the new Head of Legal and Compliance.Overend joins Singular after four years at EveryMatrix, where he held a position as a Senior Legal Counsel. He began his career as an associate lawyer at Aequitas Legal before joining the iGaming industry, having also worked at sports betting and technology services provider Kambi.Celebrating the new appointment, Darko Gacov, one of the company’s founding partners, commented: “We are more than pleased to have Claudio join our team and bring a fresh perspective on the table. His previous experience in regulatory and compliance is of great value for us in times of rapid growth.”As part of his new role, Overend will be liaising with Singular’s management team to offer advice and direction on legal and regulatory matters.Overend added: “I am excited to join a company led by Millenials who are dynamic and forward-looking. These are times of opportunity for the iGaming industry with the increased number of newly regulated markets including the U.S sports betting market.“With its progressive leadership, I am confident Singular has solid ground to leverage these opportunities for geographic expansion. I am looking forward to being one of the enablers of this process.” PartnerMatrix drives user engagement with two new deals August 13, 2020last_img read more

Wellington police notes: Tuesday, Jan. 8, 2013

first_imgWellington Police notes for Tuesday, January 08, 2013:•7:57 a.m., Officers investigated a burglary and theft in the 500 block N. High Dr., Wellington.•5:48 p.m., Officers investigated a harassment by telephone by known suspect in the 100 block W. 10th, Wellington.•7 p.m., Officers took a report of suspicious activity in the 200 block W. 4th, Wellington.last_img