Elo eager to diversify real estate holdings after merger

first_imgElo, the newly launched €18.5bn mutual pension insurer, will use future premiums to diversify its real estate investments away from the domestic Finnish market, its head of real estate has said.Timo Stenius, head of Pension Fennia’s real estate division prior to the merger with LocalTapiola at the beginning of the year, said the mutual’s larger size would now allow it to make its risk management processes “more profound and efficient”.Speaking to IP Real Estate, he said the larger number of staff would allow Elo to explore global investment opportunities, and that this was an area he would be exploring for its real estate portfolio.“Elo’s portfolio is still very domestic, as we have 90% of the assets in Finland,” he said. “Therefore, we shall look closely at global investment opportunities and try to increase foreign investments using our future inflows.” However, he added that he was largely happy with the mutual’s current allocation to real estate, accounting for 15% of assets.“This year, we will probably make only very small changes and, as we find the prime sector pricing high, we are in no hurry to make larger new investments,” he said.Stenius said Elo currently had a small exposure to real assets, such as infrastructure, and that it would seek to grow the portfolio gradually.But he noted that the provider’s board had yet to decide on what its target allocation to the asset class would be.Asked about the reason for Fennia’s pre-merger 16.3% return from its property portfolio last year – above its 9.4% overall return for 2013 – he said it was a reflection of the demand for residential properties, regional shopping malls and office space in central business districts, where Fennia largely invested.“Together with low vacancy and steady cash flow, the appreciation of these properties gave us very good returns for the year,” he said.“On the other hand, the values of the rest of our office portfolio continued dropping. This shows how two-directional the real estate investment market is at the moment.”At the end of June last year, Fennia had €980m in direct real estate holdings and a further €222m invested in real estate funds and joint ventures, accounting for a total of 15% of its portfolio.LocalTapiola, meanwhile, had a similar direct and fund investment split in its portfolio, but with around one-fifth of all capital invested in real estate.last_img read more

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LOC Group Reaps Floating Solar Benefits

first_imgMarine and engineering consultancy LOC Group said it has made further progress into the growing floating solar photovoltaic market in Asia and Europe. Post the acquisition of INNOSEA in 2018, LOC has been involved in more than 300MWp of FPV projects in Asia and Europe.The company’s first project in the floating PV market entailed owners engineering services for a 17MWp O’MEGA1 project for Akuo, in France.Since then, it has been involved in FPV projects covering a multitude of different roles, including owner’s engineering, engineering design, expertise and numerical modelling of dynamic behaviour under wind and wave loads.Other specific projects have also included: conceptual and basic mooring design for a 15MWp project in Region Sud, engineering design work for a seawater lakes solar PV project, R&D work with HelioRec for offshore floating solar technology and material selection against corrosion for a seawater floating solar PV project in Taiwan.R V Ahilan, CEO of LOC Group, said: “We are delighted with the progress LOC has made in the FPV market, since the acquisition of INNOSEA in 2018. Through INNOSEA, we offer a comprehensive solution for clients in this market, which naturally plays to our strengths in other marine related areas. The pursuit to decarbonise global economies means the FPV market is set to grow exponentially over the coming years, and LOC is well placed to benefit from this uptick in activity. As a business, we look forward to continuing to support new and existing clients as they develop additional projects, across different geographies.”last_img read more

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Motorsports Warehouse Distributors renews awards for IMCA Deery, Dirt Knights Tour, Stock Car drivers

first_imgBOONE, Iowa – A slate of awards introduced last year rewarding drivers competing in two IMCA special series and IMCA Sunoco Stock Car special events has been renewed by Motorsports Warehouse Distributors.A top five finisher in each event for the Deery Brothers Summer Series for IMCA Late Models receives a $50 gift certificate good toward the purchase of an MD3 nose from the Boone high performance parts, tools and safety equipment retailer, owned by former IMCA driver Brent Antill.And top five finishers in each Arnold Motor Supply Dirt Knights Tour event for IMCA Modifieds and at 15 designated Stock Car specials receive a certificate to get two tires prepped. That tire siping service is valued at $40.Certificates will be mailed from the IMCA home office within a week after official race results are received.Located just north of Boone Speedway, Motorsports Warehouse is in its fourth season of IMCA sponsorship.“We are looking forward to the 2018 season. With adding an additional trailer this year we will be servicing seven tracks on a weekly basis. We feel being at the track is key to being able to provide all around great customer service to the racers,” Antill said. “That follows through to the rest of the week and doing what is needed to help the racers out, whether that is staying late for a customer or personally delivering parts when needed.”“We are committed to making sure we take care of the racers and are always a call or a Facebook message away any time of the day,” he continued. “To complement that, working with IMCA to provide certificates throughout the year is a great way to give back to the sport. Good luck to everyone in 2018!”More information about Motorsports Warehouse products and services is available on Face­book, at the www.motorsportswarehouse.com website or by calling 515 432-2732.“This is a unique program with specific awards for drivers in multiple divisions targeting some of the consumable products on the race car,” IMCA Marketing Director Kevin Yoder observed. “Drivers can use these certificates throughout the season and they can be especially handy at the IMCA Speedway Motors Super Nationals fueled by Casey’s.”last_img read more

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Local prosecutor inspired from prosecutors in Cosby case

first_imgIn April 2019, Ripley County Prosecuting Attorney Ric Hertel presented in Dallas, TX at the annual Crimes Against Women Conference on a jury selection topic entitled, “The Kavanaugh Effect,” which outlined the impact of Supreme Court Justice Brett Kavanaugh’s appointment and confirmation process on sexual assault cases.  He discussed how that confirmation process has influenced jury selection in Ripley County and throughout the country in sexual assault cases and provided ideas moving forward. While at the conference, Hertel met the team of prosecutors who prosecuted the celebrity, Bill Cosby, in two separate trials in Pennsylvania. Hertel kept in contact with those prosecutors, hoping to have them come to Indiana to train prosecutors on obstacles they encountered while prosecuting such a high-profile case.  Hertel coordinated with the Indiana Prosecuting Attorneys Council, of which he is a member and serves on the Board of Directors, to bring the Cosby prosecutors to Indiana.  During the Indiana Prosecutor’s Winter Conference, those prosecutors spoke to several hundred prosecutors and deputies, outlining the two trials.  In both trials, Cosby had hired a team of defense attorneys to represent him and much of their strategy at times was to discredit his victims.  Indiana prosecutors were given insight into the Cosby case and also advice on prosecuting high profile community members who are accused of committing crimes in their jurisdictions.Hertel noted that the Commonwealth vs. Cosby case had many of the same issues prosecutors in Ripley County and throughout the country must navigate and overcome in sexual assault cases.  Those issues include delayed reports from the victim, lack of or limited physical evidence, no eye-witness testimony, and very limited corroborative evidence of the victim’s testimony.  Hertel echoed the remarks of the Cosby prosecutors that sexual assault cases are some of the most difficult for victims, law enforcement and prosecutors.  However, Cosby’s conviction gave encouragement to those prosecutors attending that despite some of the difficulties in these cases convictions could be had.last_img read more

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Rafael Nadal confirms absence from ATP finals

first_imgMadrid: Spanish tennis star Rafael Nadal has confirmed he will miss the ATP finals in London and not play again this season after undergoing an operation on his right ankle in Barcelona.Nadal published a statement on Monday on social media in which he said it had “been a difficult year – very good on a tennis level when I have been able to play and, at the same time, very bad as far as injuries are concerned”, Xinhua reported.“I have done everything possible to reach the end of the season in full fitness, both for Paris and London; I really wanted to play. Unfortunately, I had an abdominal problem in Paris last week and I also have a foreign body in the ankle joint that has to be removed through surgery,” he continued.The tennis player explained the problem had been detected “a while ago and it occasionally bothered me. However, since the problem in the abdominal muscles also prevents me from playing in London, we are taking the time to remove the foreign body and avoid future problems.”Nadal’s decision means that Novak Djokovic is guaranteed to end the year as the leader of the world rankings. Meanwhile, Nadal’s place in the ATP finals will be taken by the American, John Isner. IANSlast_img read more

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Badgers raise roof, raze Gophers

first_imgPATRICK STATZ-BOYER/Herald photoThe University of Wisconsin women’s basketball team heavily promoted their “Raise the Roof charity” event. They then raised their game for it.In front of a season-high crowd of more than 15,000, the Badgers put on perhaps one of their finest all-around performances of the year on their way to a 70-57 victory over Minnesota (13-9, 5-4 Big Ten).Wisconsin (16-6, 5-4 Big Ten), which led by as many as 22 points in the second half, was fueled by strong guard play from juniors Janese Banks and Jolene Anderson and freshman Rae Lin D’Alie, who all scored in double figures.”I’m very proud of our basketball team,” UW head coach Lisa Stone said. “We weathered every storm that Minnesota brought to us.”Banks led the team in scoring 20 points, including nine points from behind the arc, and pulled down eight rebounds. Anderson, who didn’t score until inside of four minutes left in the first half, finished with 15 points. D’Alie scored 14 to go along with her six assists, and forward Mariah Dunham added 11 points.”I thought Janese attacked the basket very well,” Stone said. “She made very few mistakes. She makes her free throws, she plays defense, and her shot was on.”With seven minutes remaining in the first half, Banks caught fire and energized the record crowd, draining back-to-back three pointers to break open a 19-19 tie. The Badgers would go on to score 17 unanswered to end the first half and build a 36-19 halftime lead.”I didn’t realize we were building such a big run,” Banks said. “I just knew that our defense was picking up. You could feel it on the floor. It was a great feeling.”Earlier in the season at Williams Arena in Minneapolis, the Badgers were completely outplayed by the Gophers, who beat Wisconsin 71-53 by forcing 22 turnovers. Sunday was a totally different story as the Badgers were able to shut down Minnesota offensively and turn the defensive stops into points.”We got a lot of offense from defense today,” Stone said. “We’ve been looking for that for quite some time. We defended the drive fairly well; we got out to the shooters pretty well, and defended inside.”Despite shooting just 38 percent for the game, the Badgers played one of their most offensively sound games of the year, turning the ball over just twice in the first half and only seven times in the game, a record-low for any team playing in the Kohl Center.”That’s the best we’ve played all year,” Stone said. “From a 40-minute standpoint, this might be our best. … We shared the ball well, we got scoring from a lot of different areas, and withstood a rush. They cut it to 12 and a lot of things could have happened, but we held on.”Leading the way for Minnesota was sophomore guard Emily Fox, who notched 20 points and grabbed seven rebounds. Ashley Ellis-Milan, the only other Gopher to score in double digits, added 14. Minnesota was held to just 34 percent shooting on the game after making just six shots in the first half.”Obviously we’re extremely disappointed with the loss,” Minnesota head coach Pam Borton said. “I think we could have had a little better effort in the last 10 minutes of the first half and I think that’s where we let the game go. I think our defense and our lack of rebounding really says it all.”Minnesota was without their leading scorer, Kelly Roysland, who was out with a broken collarbone suffered in the team’s game against Iowa Thursday. Although Roysland had been averaging nearly 15 points a game, Borton and her team did not use her absence as an excuse for the team’s loss.”We’re not using any excuses for us not showing up ready to play,” Borton said. “We just need other people doing what they’re supposed to do out there and maybe just a little bit more. I think some of the people we have coming off the bench showed a little bit of youth and a little bit of inexperience out there.”With their third win in a row and second straight home victory, the Badgers improved their record to 11-2 at the Kohl Center this season, suffering losses to only Ohio State and Illinois. Next up Wisconsin will take on Indiana on the road as they hope to carry on the positive play from Sunday.”This was one of the best team efforts,” Anderson said. “It can’t stop here though. The win was good, but it’s got to go behind us. We have to focus on Indiana on Thursday. We just have to stay focused and continue what we’re doing.”last_img read more

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Danny Fowler follows brother Brendan’s footsteps in Duke lacrosse, football programs

first_imgDanny Fowler was thrilled to be joining his brother Brendan Fowler, just a year after the latter helped Duke lacrosse win the 2013 national championship and received the game’s Most Outstanding Player award in doing so.But what Fowler didn’t know at the time was that he would not only be following his brother into the Duke lacrosse program, but the football one as well.Brendan Fowler, a two-time United States Intercollegiate Lacrosse Association All-American who set the NCAA single-season faceoff record with 339 victories at the X in 2013, played linebacker and special teams for Duke football. Brendan Fowler played both sports in his first three years at Duke, solely lacrosse in his senior year, then wrestled this year as a graduate student.Now his younger brother, a backup goalie, has played in six of the Blue Devils’ eight games after appearing in two games on special teams for the football team this past fall.“Football is in our blood,” Fowler said, “and when I got the chance to put the pads on too, I took it.”AdvertisementThis is placeholder textDuke lacrosse head coach John Danowski said Fowler is the fifth player during the head coach’s eight years at the program to play both sports and he encourages players to do so if they’re capable.While some wonder how talented Fowler would be focusing on one sport, his older brother and Danowski agree that he’s better for it.“Football has given me more confidence and helped me play more aggressively in goal,” Fowler said. “I wouldn’t trade the experiences and skills I’ve gained playing football for anything.”Though Danowski originally recruited Fowler to play lacrosse, the sophomore thought about joining the football team throughout his freshman year. After both of the Fowler brothers returned home last summer, they sat down together to talk about what it was like to play two sports.In between football and lacrosse, Brendan Fowler usually only allowed himself a few days before starting to make the transition between sports. He told Fowler just how hard the commitment would be.“To be a student-athlete and play one D-I sport is a full-time job,” Brendan Fowler said. “To play two, honestly, it’s crazy.”Football requires short bursts of explosive speed and lacrosse requires more constant movement. The adjustment period to get in shape was tough, Brendan Fowler said, and the in-season schedule for either sport left little room for free time to practice the other.A lot of preparation, playbook memorization and depth chart organization occur during spring football practices and Fowler would miss fall lacrosse practices as well. Still, he was undeterred by all of the competitive disadvantages he would face.“With Brendan able to accomplish it through everything,” Fowler said, “it then became a possibility for me.”Coaches of both programs gave Fowler full support behind his decision. Brendan Fowler thinks Fowler is a better athlete than he is and that athleticism helped him hold his own on the lacrosse field and the gridiron.Growing up, Fowler channeled that natural athleticism to keep up with Brendan Fowler and his friends playing lacrosse and football in the Fowlers’ backyard. Brendan Fowler even remembers one occasion his younger brother was in second grade and playing “incredibly well” at goalie for his sixth-grade lacrosse team in a tournament.Fowler said the transition was easier than he thought it would be and Danowski is happy with the contributions from his backup goalie.Even though he never got the chance to step onto the field with Brendan Fowler at Duke, Fowler looks up to his older brother and is honored to follow in his footsteps.“I absolutely see Brendan’s influence on Danny,” Danowski said. “When you look at Brendan Fowler, he’s going to leave Duke with eight varsity letters, four in lacrosse, three in football and one in wrestling. Danny could leave with a similar legacy.” Comments Published on March 21, 2015 at 4:24 pm Contact Liam: lpsull01@syr.edu Facebook Twitter Google+last_img read more

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USG Senate passes gender-neutral housing option

first_imgIn a unanimous vote, the Undergraduate Student Government Senate passed a resolution to create gender-neutral housing on campus during Tuesday night’s Senate meeting.The resolution proposes a “gender-neutral” option on USC housing applications and the creation of gender-neutral housing facilities to accommodate USC students who don’t identify within the male/female gender binary.The resolution was proposed by members of the Queer and Ally Student Assembly. Its passage was followed by celebration and congratulation amongst proponents and supporting senators.“I’d like to thank the members of QuASA and everyone else who helped us with this resolution,” said Vice President Rini Sampath, who co-sponsored the bill along with Senator Brianna Thorpe. “I’m looking forward to working with the Senate to pass this resolution.”Sampath, a Daily Trojan columnist, believes that the bill’s passage is a testament to the hard work of both USG and student officials, and that it’s a landmark moment for USG in backing gender rights.“To get this resolution to Senate is really meaningful. Many students as well as provosts and university officials have been working on it, and I think it’s a step toward a more equal campus,” Sampath said.Former USG Senator Logan Heley helped present the bill last week. Heley believes it’s time for USC to catch up to other universities in gender issues.“USC is behind a lot of other comparable universities on gender-neutral housing, and it’s about time we as a Trojan Family make our home comfortable for all students,” Heley said.Currently, the resolution is non-binding. Sampath, however, said she is taking steps to communicate with the administration and ensure that the resolution changes actual policy.“I want to make sure these resolutions aren’t just ‘pieces of paper,’ that they’re listened to,” Sampath said. “It’s going to be taken to President [C. L. Max] Nikias’ office, and it will allow us to have one-on-one conversations with administrators to see why we need to make these changes on campus.”last_img read more

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USC baseball swept by Stanford in three-game series

first_imgThe USC baseball team ended a brutal series against NorCal rival Stanford Sunday afternoon with an 18-0 loss, ending a 0-3 series. Sophomores pitcher Chris Clarke (center), and catcher Kaleb Murphy (left) gather with and head coach Dan Hubbs (right) at the mound. Tucker Judkins | Daily TrojanThe first game of the series was indicative of how the series would play out, as the Trojans fell by a score of 5-1. The Cardinal opened the scoring in the bottom of the second inning when senior second baseman Beau Branton singled off Trojan freshman starter Kyle Hurt with the bases loaded to score a run. Senior third baseman Jesse Kuet followed with a sacrifice fly to tack on another run. Stanford extended its lead in the following innings. In the third, sophomore catcher Maverick Handley hit a RBI single to right field. Two innings later, left fielder sophomore Kyle Stowers singled to the right side to score another run. True to its style, Stanford relied on its pitching and timely hitting to scrape out a 4-0 lead.USC managed its sole run of the night when sophomore right fielder Matthew Acosta singled up the middle to score redshirt sophomore catcher Kaleb Murphy in the sixth inning. Handley, however, came right back with another RBI single in the next inning, giving the Cardinal the 4-run edge they would end the game with.Stanford’s junior starting pitcher Tristan Beck was dominant, giving up just the one run on five hits in seven innings and striking out nine Trojans.Everything that plagued the Trojans in game one only got worse on Saturday. The Cardinal blasted USC 11-1 as the third-ranked team in the nation went for a rare offensive explosion. USC junior starter Quentin Longrie started the game strong, shutting out the Cardinal and allowing only 2 hits through three innings. Freshman pitcher Isaac Esqueda gave up another run on a one-out double by pinch hitter Will Matthiessen in the sixth, and head coach Dan Hubbs pulled him after he walked the following batter, putting fellow freshman Brian Gursky on the mound. Esqueda picked up another earned run when Matthiessen scored on a Kuet single. Gursky gave up a score of his own on an RBI single by Cardinal shortstop Nico Hoerner. At the end of the sixth, Stanford led 5-0.The Cardinal would double their total in the next inning to blow the game open, taking advantage of the Trojans’ freshman pitcher Riley Lamb. Stowers hit a lead-off home run. Handley scored on a fielder’s choice with the bases loaded. Two wild pitches with runners on third scored 2  more runs. Finally, Stanford junior right fielder Brian Wulff singled off of freshman John Beller to bring in another run and make the score 10-0 Stanford.While Stanford stacked runs, its starting pitcher was shutting USC down. Kris Bubic had a perfect game through six innings until he walked Acosta in the seventh. In seven innings, he struck out six Trojans.Again, Acosta drove in the Trojans’ only run of the day, hitting a single to score sophomore designated hitter John Thomas in the eighth. Stanford would score again in the bottom of the frame to make it 11-1.Sunday’s game brought more of the same. Stanford wasted no time, scoring 4 runs in the first three innings, aided by two RBI singles from Wulff. The Cardinal broke the game open in the fourth; after an RBI single from center fielder Tim Tawa, Wulff again bit the Trojans with a three-run homer to center, bringing the margin to 8-0.The Trojan pitching staff fell apart in this game. Two walks and a hit by pitch accounted for 3 of Stanford’s 5 runs in the fifth. The same thing happened in the seventh, bringing the score to a humiliating 18-0 favoring the Cardinal.If the Trojans can take any silver linings from a series in which they were outscored 34-2, it’s that this can be a learning experience for a young team. The coaching staff hope that the Trojans saw the way Stanford executed and that some of that will rub off on their guys. Stanford didn’t win this series by bashing the ball around; the Cardinal only had 2 home runs in the three games. Many of their runs came off of timely hitting with runners in scoring position, taking advantage of USC’s mistakes. These are the things that set a team like Stanford apart from USC. The good news is that the Trojans have plenty of young talent to develop. USC’s time is yet to come, and there’s a lot of maturing to do before it reaches its full potential. If this team is resilient, it can spin this into motivation to improve for the rest of the season.last_img read more

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Patriots star Tom Brady reveals why he has BANNED his father from speaking to media

first_imgTom Brady describes why he tried to ban his father from talking to the mediaTom Brady’s father has always been vocal about his opinions ever since his son joined up with the New England Patriots in the year 2000. Formal interviews, speaking to radio stations, the works, Tom Brady’s father has always displayed his pride for his son, a four-time Super Bowl MVP. However, Tom Brady believes that his father goes a bit too far sometimes, leading the Patriots star to ban his father from speaking to the media. Tom Brady Sr. admitted as much when speaking to The Boston Globe. First Published: 24th December, 2019 13:19 IST Colin DCunha FOLLOW US COMMENT Tom Brady is known to choose his words carefully when speaking to the media. Tom Brady Sr. on the other hand, not so much. However, the Patriots star revealed that he has come up with a solution to Tom Brady Sr.’s problem – a blanket ban on speaking to the media. Also Read | Tom Brady Celebrates WARRIOR Block Against Bills With Elandon Roberts’ Quote Tom Brady Sr. claims he’s banned from speaking with the media…In…An…Interview…https://t.co/vyXquiP23j— The Big Lead (@thebiglead) December 23, 2019 WATCH US LIVEcenter_img SUBSCRIBE TO US “He’s told me, ‘Dad, please respect my privacy. If you say something, it comes back at me.’ ” – Tom Brady Sr. Also Read | Jason Garrett’s Future Up In Smoke After Cowboys Succumb To Defeat Against EaglesTom Brady also had a few words regarding the blanket ban. Speaking after the Patriots clinched the AFC East with an impressive 24-17 win over the Buffalo Bills, Tom Brady addressed the ban during his weekly appearance on The Greg Hill Show. Tom Brady said that while his father is an amazing man, Tom Brady Sr. is also very forthcoming with information. Tom Brady continued by saying that when his father speaks to the media, the people think that his father is speaking for him, which makes it difficult for the Patriots star to tell his father anything. Also Read | Michael Thomas Garners Praise From Lakers Star LeBron James After Record-breaking NFL FeatMeanwhile, it appears that Patriots star Tom Brady is doing well both on and off the field. The Patriots clinched the AFC East with a strong showing against the Buffalo Bills at the Gillette Stadium in Week 16. Their Week 17 game will see them face off against the Miami Dolphins. Also Read | Michael Thomas Breaks NFL Record For Most Receptions In A Single Season, Saints Celebrate Written By LIVE TV Last Updated: 24th December, 2019 13:19 IST Patriots Star Tom Brady Reveals Why He Has BANNED His Father From Speaking To Media Tom Brady Sr. has been known to be vocal regarding the any and every issue surrounding his son. The Patriots star made a startling revelation this week.last_img read more

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