The Environment Agency Pension Fund (EAPF) has committed £85m (€106m) to a new long-term equity fund launched by Ownership Capital.The $750m (€578m) fund, still conducting its first round of capital raising, has attracted mandates from four pension investors, with the £6.5bn scheme for employees of Unilever and the UK’s Pensions Trust also named.Mark Mansley, CIO at the EAPF, said his fund was impressed by Ownership’s commitment to stewardship and responsible investment and noted that it was implementing the recommendation’s of the UK’s Kay Review by focusing its portfolio on 20-30 stocks.He told IPE the EAPF had committed £85m to the strategy, which would form part of the scheme’s 25% allocation to sustainable investments. Ownership was launched in 2012 after four of PGGM’s responsible equity team, including its head Alex van der Velden, left the pension manager.Van der Velden, now the company’s CIO, said much of the asset management industry was “overly short-termist”, an issue Ownership hoped to address“We are excited to have the backing of such highly rated investors as Unilever, the Pensions Trust and the EAPF, and look forward to investing on their behalf,” he said. The fund will target returns over a decade-long period, the company said.Dutch manager SPF Beheer has recently enjoyed some success with more concentrated equity portfolios, while both the EAPF and the UN-backed Principles for Responsible Investment have highlighted the opportunities stemming from a more long-term investment approach.
JAMESTOWN, N.D. – Xtreme Motor Sports IMCA Modifieds return to the Stock Car Stampede at Jamestown Speedway this weekend, racing for $2,000 to win and a minimum of $300 to start.Heat races begin at 7 p.m. Friday, Sept. 23 with “B” features preceding the Saturday, Sept. 24 main event, a qualifier for the 2017 Fast Shafts All-Star Invitational ballot.The runner-up earns $1,500 with $1,000 paid for third. IMCA Speedway Motors Weekly Racing National, BMS North Central Region and Allstar Performance State points will be awarded.What’s new at the 45th annual Stampede is a $500 to win, minimum $120 to start race for the top 24 Modified non-qualifiers.Other non-qualifiers who finish their “B” race will be paid $50.Car end driver entry fee for the Modifieds is $90. Pit passes are $60 for Friday and Saturday or $35 for Saturday; no Friday only pit passes will be sold.Gates open at 3 p.m. and racing starts at 7 p.m. Friday. Tickets are $18 for adults and $45 for a family pass. Gates open at 2 p.m. and racing starts at 5 p.m. on Saturday. Grandstand admission is $23 for adults and $55 for a family pass.Kids ages 6-14 are $10 and five and under are free both nights. Advance tickets are available from the Cenex Convenience Store or Neighborhood Grocery.Camping is available on the fairgrounds for $25 a night. There is no charge for race rigs kept in the pits overnight.More information is posted on the www.jamestownspeedway.com website and on Facebook, and is also available by calling 701 320-4275 or 701 527-2467.
The new President of the CAF Board of Appeal, A. U. Mustapha (SAN) has assured football stakeholders in the continent that his board will employ integrity and justice to all as watchwords during its tenure.Speaking in Abuja shortly after he was appointed to the position, the former Chairman of the NFF Electoral Committee said: â€œI want to first and foremost, thank the NFF President, Mr. Amaju Melvin Pinnick, for making this possible. I never lobbied for the job and I never even knew that I was being considered. Perhaps, the big roles that AITEO continue to play in Nigerian football and at CAF level brought one to prominence. I thank Mr. Benedict Peters (President, AITEO) for his immense service to football.â€œFor me, the approach to this new assignment will be simple: integrity will be at the front â€“burner. A lot of people who know me can vouch for me on this. More importantly, we will follow the rules dispassionately to deliver justice to all.â€ A distinguished legal practitioner of over two decades, A. U. Mustapha has excelled in various assignments in Nigerian Football as well as in using strategic thinking to run diverse businesses.A dynamic, articulate and pragmatic team player, he has attended reputable international institutions including the Harvard Business School (USA), Manchester Business School, Suffolk Law School (both in the United Kingdom) and the Business School Netherlands in The Hague. He has served in top positions in various businesses and in boards of corporate entities, as well as with the National Sports Commission (Chairman, National Appeals Committee), the NFF (Chairman, NFF Electoral Committee & Deputy Chairman, NFF Committee for Ethics and Fairplay) and the League (Member, Organising and Disciplinary Committee).â€œMy father was the Chairman of Kwara State Football Association and we used to follow him to the stadium to watch matches, so you can say the love of the game is from the cradle!â€œI see every assignment as a call to service. I have enjoyed the experience all the way, but I will say the most challenging for me was conducting the 2010 NFF Elections, which has been adjudged as perhaps the most credible in NFF history. There were lots of intrigues and attempts were made to compromise us, with threats and invasion of privacy thrown into the bargain.â€œHowever, our unwavering commitment to a credible process prevailed to the extent that the FIFA observer offered me a job with FIFA, but a highly â€“placed Nigerian told him that my hands are full in Nigeria!â€A. U. Mustapha was last Friday, at the 40th CAF General Assembly in Casablanca, named the new President of the CAF Board of Appeal.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram