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EAPF commits £85m to new Ownership Capital fund

first_imgThe 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.last_img read more

UN says HIV infections among C’bean adults on the rise

first_img Share Tweet GENEVA, Switzerland (CMC) —The United Nations says HIV infections among adults in the Caribbean has risen, warning also that the decline globally among adults has stalled for at least five years.The Joint UN Programme on HIV/AIDS (UNAIDS) Prevention Gap Report, issued here on Wednesday, reveals that “after years of steady decline, the Caribbean saw a nine per cent rise among adults.”In launching the report, UNAIDS Executive Director Michel Sidibé told reporters that, globally, new HIV infections among adults and children have been reduced by 40 per cent since the peak in 1997,but lamented that the decline among adults has stalled for at least five years.The report reveals that an estimated 1.9 million adults have become infected with HIV every year for at least the past five years and that new HIV infections among adults are rising in some regions.The UN said the Caribbean is second to sub-Saharan Africa for the prevalence of HIV infections.“We are sounding the alarm. The power of prevention is not being realized. If there is a resurgence in new HIV infections now, the epidemic will become impossible to control. The world needs to take urgent and immediate action to close the prevention gap,” Sidibé said.Since the start of the AIDS epidemic 35 years ago, Sidibé said 35 million people have died from AIDS-related illnesses and an estimated 78 million people have become infected with HIV.He said new HIV infections among children have declined by more than 70 per cent since 2001, and are continuing to decline.The UN said that, in 2014, key populations, including gay men and other men who have sex with men, sex workers and their clients, transgender people, people who inject drugs and prisoners, accounted for 35 per cent of new HIV infections globally.The UN said it is estimated that men who have sex with men are 24 times more likely to become infected with HIV than the general population, while sex workers are 10 times more likely and people who inject drugs are 24 times more likely to become infected than the general population.In addition, it said transgender people are 49 times more likely to be living with HIV and prisoners are five times more likely to be living with HIV than adults in the general population.“It is essential for key populations to have access to the full range of HIV prevention options in order to protect themselves and their sexual partners from HIV,” the UN said.The report highlights that the major hopes for antiretroviral therapy to have an impact on preventing new HIV infections are starting to be realized, although the full benefits may not be seen for some years.“Science, innovation and research have provided new and effective HIV prevention options, rapid diagnostics and improved treatment for HIV,” Sidibé said, adding “investing in innovation is the only way to secure the next big breakthrough – a cure or a vaccine.”The data in the report, collected from more than 160 countries, “demonstrate that enormous gains can be achieved when concerted efforts are made,” the UN said.The data outlines that, by 2015, some 17million people had access to antiretroviral therapy, double the number in 2010and 22 times the number in 2000.UNAIDS said it will be calling on implementers, innovators, communities, scientists, donors and others at the 2016 International AIDS Conference, taking place, from July 18-22, in Durban, South Africa, to close the prevention gap. Sharing is caring! Sharecenter_img 146 Views   no discussions Share HealthInternationalLifestyleNewsPrintRegional UN says HIV infections among C’bean adults on the rise by: Caribbean Media Corporation – July 13, 2016last_img read more

Boys Area Basketball Sectional Championship Scores (3-7)

first_imgBoys Area Basketball Sectional Championship ScoresSaturday  (3-7)  Class 1A-Sectional 60 @ Southwestern ShelbyOldenburg  54     Morristown  46     Class 2A-Sectional 44 @ North DecaturSouth Decatur  82     North Decatur  65   Class 3A-Sectional 29 @ ConnersvilleGreensburg  67     South Dearborn  45    Class 4A-Sectional 14 @ Columbus NorthBloomington South  74     East Central  48     Class 4A-Sectional 15 @ SeymourFloyd Central  70     Jennings County  33   Class 3A-Sectional 30 @ Corydon CentralSilver Creek  70     Madison  53 Class 2A-Sectional 45 @ Southwestern HanoverProvidence  87     Southwestern  66  The 1A #12 Twisters will battle 1A #3 Greenwood Christian Cougars in Game 2 at The Martinsville Regionals tipping off around Noon.The 2A #6 Cougars will take on 2A #15 Covenant Christian Warriors in Game 1 at The Greenfield Central Regionals tipping off at 10 AM.The 3A #3 Pirates will advance to The Washington Regionals to square off against the host Hatchets in Game 2 tipping off at Noon.Congratulations to all of our area teams on a great Sectionals 2020!last_img read more

Reid happy to assume mentor role

first_img Ex-Republic of Ireland international Reid was reunited with Clarets boss Dyche, who is just 10 years his senior, this summer after agreeing to play for him at Turf Moor. The two played alongside each other with the Lions at the start of this millennium, meaning it took Reid some time to get used to calling his former team-mate ‘gaffer’. “He was very unfortunate to lose his job at Watford when he did; he did a fantastic job there and rightly got back into football with the opportunity at Burnley. “I’m sure he surprised a lot of people outside the club, but I’m sure there’s no one who has met him and worked with him that was surprised with the job he’s done, the way he goes about his business and gets that group togetherness. “Certainly for the first couple of months I’ve been involved it’s no surprise to me what they did last season.” Reid was recruited this summer along with the likes of Matt Taylor to inject some much-needed top-flight experience into Dyche’s ranks. But the former Blackburn and West Brom midfielder, who has been restricted to a pair of cameo appearances off the bench thus far, admits there has been no need for any pearls of wisdom yet. “From what I’ve seen so far I don’t think that will be the case too often,” Reid said. “The lads have gone into the season with no fear; you saw that in the opening game at Chelsea. The lads have hit the ground running and there’s been one or two times already where, physically, we’ve had the upper hand in a couple of those games. “Maybe looking forward that might be the case but at the moment the lads are really enjoying the challenge and we’re looking to climb the table as soon as possible.” However, the 33-year-old has always known Dyche to be an authoritative figure who was one day destined to be calling the shots as a manager. “We’d get the odd man-of-the-match rating in the paper on a Sunday when we obviously went on and won the league with Millwall,” Reid explains. “One or two of us were getting plaudits – myself, Tim Cahill, Paul Ifill, Richard Sadlier – the group that were doing well at that time. “But you’d soon know about it on a Monday morning if you tried to get above your station, it was not the friendliest of atmospheres on the training ground. “The senior pros were maybe doing one or two things that you wouldn’t get away with in the modern game. But it was all part and parcel then and it certainly built your character.” Those who have played alongside or coached Dyche during his playing days claim his leadership skills then suggested a future managerial role beckoned. And the fact he led unfancied Burnley into the Barclays Premier League with a thin squad and on limited resources came as no surprise to Reid. “There’s one or two (managers) that you are surprised with but from the moment he came in at Millwall you knew that he was going to go on and have a future in coaching and management,” he added. Steven Reid is happy to act as a mentor to Burnley’s youngsters, although he is unlikely to use the same methods his former Millwall team-mate Sean Dyche deployed to keep him grounded. Press Associationlast_img read more

Irish squad make final preparations for WC qualifier

first_imgThe Ireland squad returns to training this morning as they run through final preparations for tomorrow’s World Cup qualifier against Georgia.Manager Martin O’Neill will be hoping for no further injury mishaps having already lost seven players from his original squad.The Ireland manager will also be hoping for a further update on the fitness of Harry Arter, who is battling a hamstring injury.last_img

Julius Randle will miss entire season after broken leg in opener

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Lakers rookie forward Julius Randle is expected to miss the 2014-15 season after having surgery on his right leg on Wednesday.This offers a devastating blow to the Lakers on multiple fronts. The Lakers saw promise that Randle could develop into a top prospect after selecting the former University of Kentucky standout seventh overall in this year’s draft. The Lakers already field a depleted lineup with a season-ending injury to Steve Nash (back) as well as ailments to Nick Young (thumb) and Ryan Kelly (right hamstring). And the Lakers have only completed one game in what could become a long 2014-15 season.See more on the Inside the Lakers blog.last_img read more