French pension fund Agirc-Arrco has awarded Russell Investments a mandate to restructure one of its euro-zone equity portfolios.The scheme enlisted Russell’s help to shift the portfolio to a number of euro-zone SRI equity funds.It is not the first time the French scheme has awarded the asset manager a transition mandate.Philippe Goubeault, financial director at Agirc-Arrco, said: “In 2012, [we] had already used [Russell] as a transition manager to restructure part of our euro-zone equity investments. It seemed useful to extend this first experiment.” Dominique Dorlipo, chairman at Russell Investments France, said: “For the 2012 operation, we were asked for a partial or total liquidation of assets, so we only focused on best execution for a list of securities for sale. This operation was different, as it required us to act as a responsible asset manager of the assets, with a special approval from the AMF.”In 2013, Agirc-Arrco shifted approximately €230m out of a CCR AM fund, distributing €150m to a number of SRI funds and investing the remaining €80m in an actively managed EDRAM equity fund.“Using a transition manager is worth the effort in a low-yield environment, where every basis point helps improve final performance and thus protect pensions,” Dorlipo said. “Two different euro-zone equity portfolios are likely to have 20-40% of their assets in the same stocks. For European equities, an institutional investor could typically pay a transaction cost of 12-20 basis points or more.”Such costs are avoided when a transition manager orchestrates securities transfers between old and new managers without selling and buying them back, he said.
Eddy Pump Corporation has introduced their newest lines of pumps and dredge equipment incorporating Smart Pump technology into the company’s line of slurry and dredge pumps.This technology includes the smart capability of monitoring all critical functions and variables in any pump or dredging application.The sensors are used to virtually eliminate downtime caused by operator error or equipment malfunction through the use of visual and audible alarms and auto shutoff features.According to the company, Eddy Smart Pump Technology will be optionally equipped with the ability to enable connections through Bluetooth, WiFi, 4G, and satellite.The smart pump controller can be used as a simple pump controller or can be easily connected to larger systems such as a submersible dredge or surface dredge, enabling easy integration of all capabilities and sensors into more complex systems.Combined with the Eddy Pump Excavator Pump Attachment, dredging in hard to reach wetlands or swamps can be accomplished much more efficiently.Auger Dredges are also one of the newest dredging options offered by Eddy Pump, incorporating an archimedean type screw which is set at 90-degree angles to the suction pipe of a dredge.More Info
Deep Driller 8 (Image source: Keppel. The image has been cropped)India’s ONGC has reportedly hired the Deep Driller 8 jack-up drilling rig from its compatriot offshore drilling contractor Aban Offshore on a two-year deal.According to data from VesselsValue, the contract will start on January 1, 2019, and end on December 31, 2020.The Deep Driller 8 is a jack-up drilling rig capable of operating in water depths of up to 350ft, and a maximum drilling depth of up to 35,000 ft.The rig was designed and built by Keppel in Singapore in 2008.VesselsValue shows the rig was last on a contract with Hindustan Oil Exploration Co, on a two-month term between March 25, and May 25 2018.
In mid-April, Fred. Olsen Windcarrier secured a contract by Denmark’s Geo to supply a vessel for the geotechnical work. The purpose of the assignment is to acquire geotechnical and geological data about the subsurface to be used as a basis for developers to assess the soil conditions for the project. Fred. Olsen Windcarrier’s jack-up vessel Jill has left the Port of Esbjerg to begin the preliminary geotechnical investigations for the Thor offshore wind project in the Danish North Sea. Project commissioning is expected between 2024 and 2027. Thor will have a capacity of up to 1,000 MW and will feature turbines with an individual capacity of between 13 MW and 15 MW located west of Thorsminde by Nissum Fjord some 20km from the shore.
The 7th grade Bulldogs played East Central and lost 28 – 8.Batesville scored its lone touchdown on a 64 yard pass from RJ Powell to Pros Moorman. Powell converted the 2 point conversion on a quarterback sneak. The defense was led by Jeremiah Lemmel, Kristian Hinners, Kody Hooten and Logan Adams.Courtesy of Bulldogs Coach Tony Gausman.
Indianapolis, In. — House Bill 1005 proposed by Republican Cindy Zeimke from Batesville would force townships with a population of 1,200 or less to merge. If approved by lawmakers the merger of about 300 townships in the state would occur over a five year period.Zeimke tells WRBI News, “I am all about the best performance of every unit of government to benefit the taxpayer.”Currently Indiana has 1,005 townships that provide emergency and some support services to residents. For townships that have experienced population declines, budgets and maintaining services are an ongoing concern.Zeimke has met with leaders from the Indiana Township Association in order to find operational efficiencies.The expected savings come from eliminating advisory board members that require liability insurance policies, facilities costs, utilities and labor.Long-time Decatur County trustee from Clay Township and volunteer firefighter David Israel says he has concerns about the proposal moving forward. H wants to know how differing tax rates between merging townships would be handled, firefighter training, coverage and response times would change.
Manchester City manager Pep Guardiola on Saturday said his side lost 3-1 to Olympique Lyonnais to exit the UEFA Champions League because they lacked the perfection needed in Europe’s top competition.Manchester City fell behind to Maxwel Cornet’s strike in a sloppy first half of the quarter-final match. They then looked like their usual selves after the break and levelled through Kevin de Bruyne.However, they were downed by two strikes from Moussa Dembele, sandwiched between an unbelievable open-goal miss from Raheem Sterling.“It is what it is and hopefully one day we’ll bridge this gap,” Guardiola said after a fourth successive failure in the UEFA Champions League with Manchester City.“We struggled in the first 25 minutes, but in the second half we felt free.“We were there and I had the feeling we were better than them. “But you have to be perfect in this competition and we were not.”Guardiola did not complain about Lyon’s second goal, which survived a VAR review after a potential foul by Dembele on Manchester City defender Aymeric Laporte.He said: “I don’t know, I don’t want to talk about those circumstances because sometimes it seems like I’m complaining or looking for excuses.“We are out.“I had the feeling we were incredible already, but we made mistakes in the boxes in the key moments.” Guardiola also rued Sterling’s astonishing miss that would have made it 2-2 and they were promptly punished by Dembele’s second goal, which was the killer blow.He said: “That moment sums up this competition, we had to equalise and after we conceded the third goal.“That’s this competition, you have to be perfect.“We created more chances, had more shots, we did everything, but unfortunately we are out again.”RelatedPosts Pirlo not out to copy anyone after Juventus’ comfortable opening win Aguero could be out of action until November, Guardiola says UCL: Benfica kicked out by player who left club one week earlier + other results Reuters/NAN.Tags: kevin de bruyneManchester CityMaxwel CornetMoussa DembeleOlympique LyonnaisPep GuardiolaRaheem SterlingUEFA Champions League
First-team coach Rene Meulensteen was told of Ferguson’s plans on Wednesday morning and felt the news was not entirely unexpected. “(I found out) this morning when I came to the club,” he said on Sky Sports News. “He called us into his office and he said what decision he took. It’s always been on the cards – there’s speculation every season. I think the manager kept his cards close to his chest. I think he felt the time was right now and he made a decision. “He’s obviously a man who thinks very, very well so I’m sure he’s taken a lot of thought into making this decision. I wish him well. He’s been fantastic for this club and I hope all the fans give whoever’s going to come in the same support that he gets.” Meanwhile, former United defender Steve Bruce believes any successor to Ferguson will struggle to get close to emulating his record. Hull manager Bruce said Everton boss David Moyes, the early favourite to replace Ferguson, had done well enough at Goodison Park to be able to take on the United job. “He’s cut out of the same cloth (as Ferguson) so it wouldn’t surprise me,” Bruce told Sky Sports News. Former Chelsea boss Jose Mourinho has also been linked with moving to Old Trafford when he leaves Real Madrid in the summer. Bruce said: “Whoever takes over to replace him, whether it’s Jose or David Moyes or whoever it is, it’s going to be some act to follow. It’s impossible to copy somebody like him. He will treat the groundsman just as well as he will treat his star centre-forward. He’s got a fantastic humility about him, for all that he’s achieved.” Ferguson, who has had a career the likes of which will never be seen again, won his 49th trophy this season with United’s 20th Barclays Premier League title and announced he will retire at the end of the season. He said: “Sir Alex Ferguson’s achievements are truly remarkable – he is genuinely one of the greatest managers of all time and certainly of the modern era. His contribution to English football has been outstanding in every regard and, in the FA’s 150th year, it is something that should be celebrated. On behalf of the FA I’d like to wish him a happy and healthy retirement.” Football Association chairman David Bernstein hailed Sir Alex Ferguson’s “remarkable” contribution to the game after he announced he will retire following a trophy-laden 26-year reign at Manchester United. Press Association
JAYDEV Unadkat produced a hat-trick in the last over as his five-for sent Rising Pune Supergiant level on points at the top of the Indian Premier League with victory over Sunrisers Hyderabad.Pune were put into bat by Sunrisers and, despite a 60-run partnership between Ben Stokes and Steve Smith, were kept in check and held to 148-8.A 34-ball 40 from David Warner and Yuvraj Singh’s 47 seemingly had Sunrisers in position to chase that down, needing just 13 off the last over.But Unadkat delivered in stunning fashion in a maiden final over, dismissing Bipul Sharma, Rashid Khan and Bhuvneshwar Kumar in succession to ensure a 12-run triumph.Stokes blasted three sixes in a 25-ball 39 to help Pune recover from 39-2 and MS Dhoni also contributed by hitting 31 in 21 deliveries.Those efforts made sure Supergiant at least posted a defendable total, but Siddarth Kaul’s 4-29 made sure it was target Sunrisers could be confident in chasing.England all-rounder Stokes claimed the key early wickets of Shikhar Dhawan (19) and Kane Williamson (4) early in Hyderabad’s reply.Though Warner was not quite able to find his destructive best, the Australia batsman steadied the ship until he became Stokes’ third victim when he skied a short delivery outside off.Yuvraj was more patient for his 43-ball 47, but his departure at the hands of Unadkat marked the start of a rapid five-for.He and Naman Ojha each fell to slower balls, although victory still seemed well within in Sunrisers’ reach going into the final six balls.But Bipul skewed to Stokes at deep midwicket, Rashid toe-ended back to Unadkat and the hat-trick was completed when Bhuvneshwar’s pull ended up in the hands of Manoj Tiwary just to the right of cover, bringing up Unadkat’s 100th IPL wicket in memorable fashion.