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This Brisbane north suburb has right stuff for first-home buyers

first_imgEmily and Nicholas Doyle at their home in Geebung. Picture: AAP/Ric FrearsonEMILY and Nicholas Doyle can understand why the Geebung area is considered a good spot for first-home buyers.The couple bought their first property in Mayflower St two years ago.They hadn’t initially set out to buy in the area, but they searched for about six months before they found something they liked.“We wanted to buy on a train line for work circumstances,’’ Ms Doyle said.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours ago“So we were looking at Zillmere, but (in the end) we preferred Geebung.’’The change of suburbs meant they had to save a little longer for a deposit but for them it was worth it.They bought a three-bedroom home and set about renovating it, pulling up carpets and doing the floorboards.Ms Doyle said they liked that the house was high and wouldn’t be affected by flooding and that it had a large 600sq m yard.“And we have beautiful neighbours as well,’’ Ms Doyle said.The home is close to shopping and not far from a dog park.Ms Doyle said the suburb could be affordable for first-home buyers, they just needed to be prepared to do a bit of tidying up and they would have a home that would suit them for many years.last_img read more

Tilburg University’s Slager sets out checklist for smart-beta investors

first_imgAlfred Slager, professor of pension fund management at TiasNimbas Business School at Tilburg University in the Netherlands, has set out an eight-point checklist for institutional investors considering a factor-based approach to portfolio management or investments in smart beta.Factor investing takes into account risks that stretch across different asset classes – from economic growth and political uncertainty to credit, duration, size, value, volatility and illiquidity – to achieve more robust portfolio diversification and to refine exposure to factors with desirable risk/return characteristics.Slager – presenting the findings of a study into European pension funds’ awareness of and approaches to factor investing at a 31 January seminar organised for clients by Robeco in Rotterdam – laid out the advantages in terms of better diversification, improved benchmarking of active managers and more cost-effective exploitation of systematic market risks, but emphasised the governance challenges that face investors trying to adopt these new methods.“There is a lot of interest in these processes but also a lot of uncertainty about how to embed them into the portfolio,” he told the delegates, which included many leading Dutch and Belgian pension funds. “If factor investing is so compelling, how come every pension fund isn’t doing it? What are the barriers and challenges?” Slager reported three basic ways in which investors were implementing some of the ideas behind factor investing.The first approach involves leaving the portfolio as it is, with the fund using the additional insights about exposures and diversification.The second identifies existing factors tilts and corrects them to some extent to introduce a more desirable mix of factors.The third approach aims to create a portfolio that is unconstrained and fully factor-optimised.“Today, pensions funds that have taken any steps at all have usually taken steps one and two, and dream about step three,” he said.But Slager’s survey of the latest pension fund annual reports revealed almost no mention of factors or factor investing, suggesting that even many of those investors pursuing these ideas do so without fully considering the theoretical framework, or struggle to communicate that framework to trustees and members.“Trustees have pointed out to me that the level of abstraction we are dealing with is one hurdle,” explained Slager. “It is difficult enough trying to describe what equities and bonds do in their portfolio; if we move up a level and begin to describe term risk, volatility risk and so on, that is a considerable challenge under a governance structure that requires much greater transparency and communication that it has in the past.”This is important, Slager added, because investors need to establish their beliefs about whether individual factor risks are rewarded over time, how long it can take for those risks to be rewarded, how well the resulting risk/return characteristics fit with their own particular objectives and constraints, and how best to benchmark performance.Many of these points are still the subject of academic debate, and can be significantly affected by real-world investing constraints such as transaction costs or restrictions on short selling.“The fact many of these factors appear to have statistical persistence over time is all very well, but, to communicate properly with clients, we also have to know what realistic expectations we can have about these factors, how reliable they are and, most importantly, whether we have a persuasive economic story that makes sense for them,” Slager said.Even once these investment beliefs are agreed and communicated to members, factor investing introduces a range of potentially complex active investment decisions, and investors need to consider where in their governance structure those decisions should be taken and monitored.“We therefore tried to condense our findings from discussing these issues with pension funds into a checklist that would be helpful once an investor has decided to use factors in its model,” said Slager.His checklist had eight points:Treat factor investing as an investment belief and an investment paradigm, rather than merely a techniqueEducate stakeholders to a full understanding of factor investingEstablish common definitions for the terminology used with trustees and membersFocus on appropriate benchmark constructionRegularly review the economic rationale for chosen factorsBe consistent in implementationRecognise that these are active choices that require an active stanceDecide early on how static or dynamic allocations to factors will belast_img read more

People moves: Janus Henderson reshapes institutional team post-merger

first_imgLegal & General Investment Management – Mark Johnson will join the fund management group in September as head of institutional client management. He moves from BlackRock following a 19-year career with the world’s largest asset manager. Most recently he was head of closed-end funds, and has also led the UK sales team for BlackRock’s exchange-traded fund arm iShares. Johnson replaces Chris DeMarco, who moved to Legal & General Retirement earlier this year to lead its pension risk transfer business.Actiam – The €55bn Dutch asset manager Actiam has appointed Arnold Gast as its new chief investment officer as of 1 June. Gast has been active in the investment sector for almost 20 years. Gast joins from Delta Lloyd Asset Management, where he had been tasked with setting up the investment office. He has also been head of credit and co-head of fixed income as well as a portfolio manager at Delta Lloyd.In addition, for the past four years, Gast was a board member of the European Private Placement Association as well as chairman of the Investor Advisory Board at the Delta Lloyd Mezzanine Fund. Prior to this, Gast worked at ABN Amro Asset Management. Actiam’s executive team now comprises Hans van Houwelingen (CEO), John Shen (chief risk officer), Arnold Gast (CIO) and Dudley Keiller (chief transformation officer).BNY Mellon Investment Management – The asset management giant has hired Chris Harmer as head of consultant relations, chiefly responsible for BNY Mellon’s interactions with consultants in the UK and Europe. He joins from Columbia Threadneedle Investments where he was consultant relations director for EMEA.Gresham House – The UK-based alternative investment manager has hired Michael Hart as head of distribution, a newly created role. He was previously global head of business development at Amundi Alternative Investments, and held a similar role for Aberdeen Asset Management’s alternatives business before that.Gresham House has stepped up its activity this year following a major investment in the firm by the Berkshire Pension Fund. It bought Hazel Capital, a “new energy” infrastructure manager, last month, and plans to launch a British Strategic Investment Fund later this year.State Street – The financial services group has named David Pagliaro head of State Street Global Exchange for EMEA. Global Exchange is the company’s data analytics and services business. He most recently worked for S&P Capital IQ for nine years, holding several roles including global head of S&P credit solutions. Pagliaro replaces James Lowry, who will return to the US in July to lead Global Exchange for North America, State Street said in a statement.The Investment Association – A former adviser to UK chancellor Philip Hammond has joined the Investment Association as a consultant. Graham Hook – who worked with Hammond in the UK’s departments for transport and defence, as well as the Foreign Office and latterly HM Treasury – is now the asset management trade body’s interim head of government affairs until September, according to his LinkedIn profile.Sumitomo Mitsui Trust Group – Japan’s largest asset management group has transferred two long-term senior staff to its London office in a bid to increase its distribution outside of Japan. Akimichi Oi has become director of the company’s Investment Management Department, while Kota Murakami is now director of global business development. Oi joined the firm in 2001, and was most recently head of global client relations, based in Tokyo. Murakami joined in 1990 and was most recently head of the investment management group in Hong Kong. Janus Henderson Investors, Legal & General Investment Management, Actiam, Delta Lloyd Asset Management, BNY Mellon Investment Management, Columbia Threadneedle, Gresham House, State Street, Investment AssociationJanus Henderson Investors – The newly merged asset management group has announced the new structure of its institutional team for Europe, the Middle East, and Africa (EMEA), bringing together existing distribution staff from both Janus and Henderson. Jennifer Ockwell has become head of UK institutional – she held a similar role at Henderson Global Investors prior to the merger with Janus, which completed last month. She is also a trustee of Henderson’s staff pension scheme.Sylvain Agar is now head of EMEA ex-UK institutional. He was previously head of financial institutions for Janus, covering the UK and Europe. Both Ockwell and Agar report to Nick Adams, head of EMEA institutional. Agar’s team will be hiring “in the coming months”, Janus Henderson Investors said in a statement.In addition, Mark Fulwood has been named head of UK business development – he was previously director of institutional business for Henderson – while Anil Shenoy is now head of UK institutional clients. He was previously also a director of institutional business at Henderson. Both report to Jennifer Ockwell. last_img read more

Jamaica named world’s leading cruise and honeymoon destination

first_img Share LifestyleTravel Jamaica named world’s leading cruise and honeymoon destination by: – January 17, 2012 24 Views   no discussions Dr Wykeham McNeill. Photo credit: caribjournal.comKINGSTON, Jamaica (JIS) — Newly appointed Minister of Tourism and Entertainment, Dr Wykeham McNeill, has described Jamaica’s resounding success at the 2011 World Travel Awards Grand Final Gala Ceremony, held on January 11 in Doha, Qatar, as a ‘monumental achievement’. Jamaica won the coveted award for World’s Leading Honeymoon Destination, and was recognized for the sixth consecutive year as the World’s Leading Cruise Destination.Several of Jamaica’s resorts and travel partners were also big winners, being recognized as the: World’s Leading All-Inclusive Company (Sandals Resorts International), World’s Leading Tourism Development Project (Port Authority of Jamaica – Port of Falmouth), World’s Leading Hotel Villas (Round Hill Hotel and Villas), World’s Leading Boutique Hotel Group (Island Outpost), World’s Leading Family All-Inclusive (Beaches Resorts) and World’s Leading Caribbean Attraction Company (Island Routes).McNeill said, “I am extremely pleased that despite intense competition Jamaica has won these prestigious and much sought after awards. Scoring these victories at the Grand Final of the World Travel Awards is a monumental achievement, and is proof that despite our size Jamaica remains a ‘world-beater’ in the global travel industry. This achievement is testament to the tireless efforts to effectively market destination Jamaica, while at the same time developing the critical infrastructure needed to ensure that visitors are offered the experience of a lifetime, one which will encourage them to return again and again.”McNeill continued, “I would like to extend my sincere congratulations to all our resorts, travel partners and all the other stakeholders who have contributed to this accomplishment. These awards reaffirm that Jamaica remains a very attractive destination, and at the forefront of global tourism. I am confident that they will aid significantly in building brand Jamaica and in the marketing of our magnificent destination.”Director of Tourism John Lynch added, “As a destination, we’re honoured to be recognized as the world’s top honeymoon and cruise destination. I also want to congratulate our on-island partners which have also had world recognition in their various areas, demonstrating the strength of the destination. These awards serve as an endorsement of our combined and vigorous efforts to promote the destination worldwide. They reflect our commitment to providing top-notch offerings for visitors from around the world.” Caribbean News Now Sharecenter_img Tweet Sharing is caring! Sharelast_img read more

Capitol offers tax amnesty until Dec. 31

first_imgILOILO – The provincial government isencouraging Ilonggos to avail themselves of its real property tax amnesty untilthe end of the year. * real properties which are declaredand the real property tax has not been paid * real properties which are declaredand subject to the taxes * Sept. 30 – Santa Barbara (2ndDistrict) * Oct. 2 – Oton (1st District) Real properties with pending cases incourt and those paid under a compromise agreement are not covered by theamnesty. * Sept. 25 – Anilao (4th District) The relief is applicable only to thefollowing: “This is your chance to take advantageof the relief and pay your taxes minus the penalties,” Umadhay said. Oso said many taxpayers in Iloilo,particularly the farmers and landowners, failed to pay their taxes as they wereadversely affected by El Nino. The schedules are as follows: In August, the Sangguniang Panlalawiganpassed a resolution embodying Provincial Ordinance No. 2019-198 which grantstax relief to delinquent real property taxpayers. The resolution was authored by 4thDistrict Provincial Board member Domingo Oso Jr. In May, the province was placed undera state of calamity due to huge damages in agricultural crops. PTO will have a launching in everydistrict to disseminate the program. Delinquent taxpayers have until Dec.31, 2019 to settle their debts without having to pay the penalties andinterests. Provincial Treasurer Jean MaireUmadhay said the capitol will start receiving payment on Oct. 7. * delinquent properties auctioned bythe province and for lack of bidders, were subsequently bought by the provinceof Iloilo * Oct. 3 – Sara (5th District) * Oct. 4 – Pototan (3rd District) Oso also noted other economicconditions such as increase in oil prices and other agricultural inputs whichhampered farmers from paying their taxes promptly. (LHC, Capitol News/PN)last_img read more

P14-K ‘shabu’ seized from Arevalo couple

first_imgCharges for violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002 will be filed against them./PN ILOILO City – Suspected shabu valued at around P14,400 was recovered from a couple in Barangay Caingin, La Paz district, a police report showed. The couple – residents of Arevalo district – was caught after they sold suspected shabu to an undercover officer around 9:35 p.m. on July 15. The Prietos were detained in the lockup cell of the Arevalo police station. The suspected illegal drugs contained in four sachets were seized from 54-year-old Ricardo Prieto and wife Myra, 37, the report added.last_img read more

Engines roar on The Fourth at Cottage Grove

first_imgIn the debut for Mach-1 Sport Compacts, Chloe Van Sandt worked her way to the lead on the initial start and stayed there until lap three, when Barry Cannon made his way past. Defending Shaw Race Cars Western region champion Bricen James was the runner-up while Steven Sturdevant got third.   Shawn Hand was quick in the early stages of the Karl Kustoms Northern SportMod race.  The Springfield chauffeur led the first two trips past the flag stand before being overtaken by Art Hiatt, who then blazed the trail the balance of the distance. Campos seized the initial lead over the rest of the field, slowed only by three stoppages, and 0n each restart he managed to keep back all contenders to lead the distance for his first feature win of 2020.  COTTAGE GROVE, Ore. (July 4) – The roar of the engines returned to Cottage Grove Speedway for the Fourth of July and John Campos took care of business in the much-anticipated IMCA Modified main event. By Ben Deatherage Doug Coffman got second with David Schmidt behind him in third.  John Campos collected the July 4 season-opening IMCA Modified checkers at Cottage Grove Speedway. (Photo courtesy of JRP Racing Photos) Cannon remained the leader until the 13th trip to the line when Cole Trissell passed him.  Trissell, went unchallenged the rest of the way to win the main event. Chris Lemon got second while Van Sandt was third.last_img read more

Redknapp scotches Salah rumours

first_imgChelsea winger Mohamed Salah “is not available” for a January loan, according to QPR boss Harry Redknapp. Redknapp also said he had not even considered trying to bring in the Egypt international, scotching rumours linking QPR with signing the out-of-favour forward this month. The Hoops boss, who is still looking for another striker despite the arrival of West Ham’s Mauro Zarate, also rejected any fresh interest in Ajax forward Kolbeinn Sigthorsson, while confirming QPR were only looking at loan deals in the January window. Argentinian forward Zarate has made the switch from West Ham vowing to “show what I can do” after being snubbed by Hammers boss Sam Allardyce. Allardyce said Zarate was “not good enough” after falling behind Enner Valencia, Diafra Sakho and Andy Carroll in the Upton Park pecking order. Former Velez Sarsfield star Zarate is yet to deliver on high promise in a turbulent career that includes spells at Birmingham, Lazio and Inter Milan. Redknapp, though, said he had no qualms recruiting a player who had struggled for starts at West Ham, hailing the 27-year-old’s talent. “We hope he comes in and does well for us: he is obviously a player with bags of ability,” said Redknapp. “Sam has got Valencia, Andy Carroll and Sakho scoring goals for fun as well as Carlton Cole, so I could see what Sam was saying that they are flying so he couldn’t get in his side. “My situation is different, I have Charlie (Austin) and Bobby Zamora as two out and out strikers, so it’s different when they have four and we have two. “Hopefully he can come in and make an impact.” Driving rain flooded QPR’s Harlington Sports Ground training pitches on Thursday, but Redknapp sent his players out for training undeterred. “The groundsman is saying the pitch is all under water so we only have about a 10-yard strip to train on, so it is not easy,” said Redknapp. “We haven’t got anywhere else, it’s a problem. “It’s not ideal when you have pitches that flood when it rains heavily. “We will go outside and splosh through the puddles if we have to – we are training outside whether they like it or not. “We’ll go out there for sure.” Press Association “Of course I would take him (Salah) on loan but he is not available,” said Redknapp of the Egyptian, who has been limited to just seven Stamford Bridge appearances this term. “I don’t think Chelsea would loan him, I haven’t thought about him, he’s a good player but I don’t think Chelsea will let him go. “We’re only looking at loans really, a couple of loans, that’s where you’re at. “You can only take two loans from this country so we haven’t got an awful lot left up our sleeve, it’s difficult. “We’d like to have another (striker) if possible, it would help. “It was quite a while ago that we made an approach for him (Sigthorsson). “So there’s nothing happening there, no.” Redknapp admitted QPR’s tricky battle to boost their Premier League survival fight in the January transfer window when limited to loan recruits. last_img read more

Ireland bid for 2017 World Cup

first_img Press Association The Irish Rugby Football Union has announced its bid to host the 2017 Women’s Rugby World Cup. “We hope that the growing interest in women’s rugby in Ireland, world leading facilities at UCD, Queens University Sport, Kingspan Stadium and our internationally recognised reputation for being one of the world’s most welcoming nations will make an Irish bid the standout submission for the 2017 tournament.” IRFU Women’s Rugby Ambassador Fiona Coghlan added: “The development and profile of women’s sport has been fantastic in recent years and it will be a great opportunity for Ireland to showcase sport and to get more women and girls to consider taking up a team sport.” center_img The IRFU revealed its plans to host the pool stages of the tournament at University College Dublin before switching to Belfast for the semi-finals at Queens University Sport and the Kingspan Stadium, where the final would also be held. IRFU chief executive Philip Browne said: ” Interest and participation in women’s rugby continues to grow and building on this momentum we believe Ireland can deliver the best Women’s Rugby World Cup to-date. last_img read more

The Latest: Brazilian soccer club Corinthians giving out PPE

first_imgThe Latest: Brazilian soccer club Corinthians giving out PPE The club says the players are feeling fine and remain in isolation.Four of the players have displayed symptoms of COVID-19 while one has shown no symptoms at all.The club says the five players did not attend the match against Proleter on Saturday when the Serbian league champions completed their season.About 20,000 fans attended a Serbian Cup semifinal match against Partizan Belgrade this month as the country lifted most of its COVID-19 restrictions.The match against Proleter was also attend by about 20,000 fans. Both gatherings have drawn criticism from the public as Serbia records dozens of new coronavirus cases each day. The São Paulo-based club said Sunday that 13 players are fully recovered, but eight will not be allowed to start training on July 1 because of the disease. Corinthians tested 190 people, including players, staffers and their families. The club did not name the players who tested positive. Brazil is Latin America’s hardest hit country by the new coronavirus, with more than 50,000 deaths and 1 million confirmed cases.___The National Hockey League has begun winnowing its possible locations to resume the season amid the COVID-19 pandemic. Those positive results came from the 117 athletes who participated in the school’s initial campus screening. The Wisconsin athletic department’s infection response team is monitoring the recovery of the athletes but didn’t specify which teams the two play for. Wisconsin plans to release the aggregate number of positive tests at regular intervals during the initial phase of athletes’ return to campus.___Boston College says its football players began returning to the school Monday as part of its COVID-19 operational plan to bring all its student-athletes back to campus.The school says its new protocols include limiting personnel at facilities, mandating face coverings be worn in common areas, as well as daily temperature checks for staff and athletes. Increased cleaning measures will also be in effect at all facilities. Associated Press Incoming freshmen players also were allowed on campus on Monday and they were tested and put in a separate dormitory. They will not be integrated with the rest of the team until they pass a second COVID-19 test.The workouts are voluntary and Schiano said some players have elected to skip them.___The ATP men’s tennis tour says it is continuing to “plan and adjust” its precautions and protocols related to the coronavirus pandemic with an eye to its planned Aug. 14 resumption of competition.The tour issued a statement Monday following word that two top-35 players tested positive for COVID-19 after participating in unsanctioned exhibition matches organized by No. 1 Novak Djokovic in Serbia and Croatia. The protocols are being done in accordance with all federal, state, medical and university guidelines to begin voluntary workouts.Regardless of home state, all athletes will be required to self-quarantine upon arriving on campus for a maximum of 14 days. Quarantine time may vary based on additional guidance from the state and the phase of reopening in Massachusetts.All athletes will be tested for COVID-19 on or about Day 8 of quarantine. Protocols are also in place for the quarantine and treatment of positive COVID-19 cases should they occur.___Two Rutgers football players have tested positive for the new coronavirus. Coach Greg Schiano discussed the test results Monday during a conference call. It was his first media availability since the team was allowed to return to campus last week for voluntary workouts.Schiano said players and coaches were tested before the team returned on June 15, either with mail-in tests or after being tested locally. One of the positive tests came from those samples and the player was not allowed to return to campus and is being isolated at home.The second positive test came from a sample taken when the players reported. That player was isolated and three players who had contact with him were placed in quarantine.The university has a protocol for allowing players who test positive to eventually return, which includes a non-positive test, Schiano said.Schiano said players and coaches underwent a third screening on Monday. June 22, 2020 Louisville football’s season opener against North Carolina State has been moved up a day to Wednesday, Sept. 2 to avoid conflicting with the rescheduled Kentucky Derby weekend at neighboring Churchill Downs.The Kentucky Oaks and Derby were postponed from May 1-2 to Sept. 4-5 because of the coronavirus pandemic. The preceding and highly attended Thursday race card known as “Thurby” was set for the same day as the Cardinals’ Atlantic Coast Conference matchup against the Wolfpack, but the schools announced Monday that they had agreed to the switch to avert logistical conflicts with parking and traffic.“We appreciate the NCAA, ACC and N.C. State honoring our request for a date change for the opening game,” Louisville athletic director Vince Tyra said in a news release. “We are trying to be thoughtful about the shared city resources needed to host a football game and Thurby at the same time.”___Serbian soccer club Red Star Belgrade says five players have tested positive for the coronavirus. There were no social distancing measures observed at the Adria Tour exhibitions.Three-time Grand Slam semifinalist Grigor Dimitrov, who is currently No. 19, and his opponent in Croatia on Saturday, No. 33 Borna Coric, both said they have COVID-19.The ATP said it “continues to urge strict adherence to responsible social distancing and health and safety guidelines to contain the spread of the virus.”Exhibition events have been staged in various places around the world while the ATP and WTA tours have been suspended since March because of the pandemic. The tours announced last week they plan to return in August.___ ___Croatian tennis player Borna Coric says he has tested positive for the coronavirus after taking part in an exhibition event.The 33rd-ranked Coric posted the news on Twitter.He says “I want to inform you that I am positive for Covid-19. Please everyone who has been in contact with me for the last few days gets tested!”He says he is feeling well and has no symptoms. Coric was among about 1,000 people who were tested for the virus after Grigor Dimitrov announced that he tested positive. That led to the cancellation of an exhibition event in Croatia where top-ranked Novak Djokovic was scheduled to play in the final.Coric played a match against Dimitrov in Zadar on Saturday in the second leg of the exhibition series.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports The Blue Jackets were informed Monday that Columbus will not be one of the NHL’s hub cities. Columbus was one of 10 finalists, including seven in the U.S.Las Vegas is now considered the U.S. favorite to host NHL playoff games, unless two Canadian cities are selected. Canada’s federal government last week said it would allow the league to quarantine internally, making Toronto, Vancouver and Edmonton realistic possibilities — if not the front-runners.The NHL has said it will select two hub cities — one for the Eastern Conference playoffs and one for the Western Conference. The Stanley Cup Final or “final four” would likely be in one of the two cities.___Wisconsin officials say that two Badgers’ athletes have tested positive for COVID-19 and are self-isolating. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Players of Brazilian soccer giant Corinthians visited the club on Monday to pick up personal protection equipment against COVID-19 after tests showed 21 out of its 27 players had contracted the disease. last_img read more