Nedlloyd pension fund credits active management for 2015 performance

first_imgThe pension fund’s return portfolio returned 7.9% in total, with private equity, real estate and credit returning 20.2%, 5.6% and -1.6%, respectively.Dooren attributed the performance of the private equity holdings to the portfolio’s maturation.“Companies we invested in a decade ago are now being sold and have increased in value,” he added.The scheme’s 47% matching portfolio, consisting of government bonds, swaptions and liquidities, returned 1.3%.“This was largely thanks to the divestment of our €75m swaptions portfolio in February,” said Dooren, adding that the pension fund incurred a 0.3% loss on its government bonds.The Nedlloyds Pensioenfonds finished 2015 with a policy funding of 116.7%, which enabled it to grant its pensioners and deferred participants an indexation of 0.35%.In other news, the €3bn pension fund of technical research institute TNO returned 2.6% last year, generating positive results on all of its asset classes.Equity, fixed income and mortgages returned 8.2%, 0.6% and 6.4%, respectively, while real estate and private equity returned 7.7% and 15.3%.The pension fund said its overall annual return included a 0.6% return on its interest hedge, as well as a 1.5% loss on its 50% hedge of the main currencies.Hans de Ruiter, the scheme’s CIO, said the board decided to reduce the interest hedge from 50% to 40% at year-end, as the 30-year swap rate hit the preset trigger level of 1.5% as part of its dynamic hedging policy.As at the end of December, the TNO scheme had a policy coverage rate of 111.7%.The pension fund recently announced that it would grant an indexation of 0.05%. The €1.4bn pension fund of shipping company Nedlloyd has reported a 4.7% return for 2015, attributing the performance chiefly to the active management of its equity holdings.Frans Dooren, the scheme’s director, said the pension fund’s equity allocation – comprising one-third of its 53% return portfolio – returned 10.4%, outperforming its benchmark by 3.8 percentage points.He added that, over the last five years, the pension fund had outperformed its benchmark by 1.8 percentage points on average.Dooren said the scheme’s overall return outperformed the benchmark by 1.9 percentage points. last_img read more

Kadejhia Sellers is more than just fast

first_img Comments Facebook Twitter Google+ Three seconds were left on the clock. Manchester Regional High School (New Jersey) was down by one. The ball was in Kadejhia Sellers’ hands, like it always was at the end of games. The star basketball player would graduate Manchester as the all-time leading scorer with 1,059 points. And Manchester just needed two.Head coach David Sposato still remembers what happened next vividly. Sellers dribbled the length of the floor, through the entire defense for a game-winning layup as the buzzer sounded.“For most people to dribble the length of the court in such a short period of time while being covered would be impossible,” Sposato said. “But due to her sheer speed, she was able to do it.”Sellers has taken her speed to the next level, now a senior leader for Syracuse in track and field. She received All-ACC honors in 2016-17. That spring, she placed third in the 400 meters at the ACC Championships. Last season was highlighted by a win in the same event at the Boston University Valentine Invitational. Her raw athleticism and leadership make her the runner she is.“She’s the kind of kid that I’d love it if she had eight years of eligibility and we can go ahead and play with her being a 60-meter runner one year and play with being a 200-meter runner one year,” Syracuse assistant coach Dave Hegland, who coaches the sprinters, said. “I just think she could do a lot. She’s got a really wide range of abilities.”AdvertisementThis is placeholder textSellers’ mom, Patsy Waters, remembers when Sellers was little and played outside, developing the versatility that would propel her. During games of hide and seek, Sellers would sprint and be the first one hidden. She was never caught.“She just moves really, really quick,” Waters said.  “So I was like, ‘wow.’ And she has really long legs, too.”When she moved from South Carolina to New Jersey her sophomore year of high school, she landed a spot on the Manchester basketball team.The 2014-15 season was Manchester’s best in three decades. After Sellers graduated, it went from 15 wins to five wins the next year. Sposato said she still holds an “iconic” role in school history. Her number, 20, has not been worn since she left. It didn’t matter if she were exhausted, Sposato said. With their fast pace style of play, she normally was. But when the team needed her late, she would kick into another gear.“It’s a great thing when your best player is also your hardest worker,” Sposato said. “So the rest of your team is working their butts off because you have a girl who’s a stud, who’s all out sprinting and coming early and putting the time in.”She ran track before she moved states, though only in the outdoor season because of basketball. She threw discus — not every meet, she was just “playing around” — and nearly broke a school record on her first throw. She’s also ran the 60 meters in 7.37 seconds which Hegland called “exceptional” for a 400-meter runner.Anna Henderson | Digital Design EditorSposato believed that even if she was taught volleyball, she would’ve been the best player on the court. Hegland wishes there was more time in each season so he could have really seen what she could do.At Manchester, a fast time in the 400-meters in her junior year caught the attention of schools like Syracuse. Hegland said the more the staff learned about Sellers, the more they liked her.“The fact that she was playing basketball and playing at a high level, that helped her,” Hegland said. “She picks up on new things really quick … She’s a very adaptive athlete.”Some Division II schools offered to bring her in for both basketball and track. But Sellers said she recognized that while her passion was basketball, her talent was track. She could do more with it.When Sellers got to SU, she had to make adjustments. Running indoors for the first time, she had to learn how to cut into lanes quicker, as well as adjust to different lengths.“Mentally it kind of messes you up, whereas outdoor you’re just running one lap and indoor is two laps,” Sellers said.But she fit in quickly, becoming All-ACC in indoor, not outdoor. Hegland was impressed with how well she faced the steep learning curve. As the only senior female sprinter on the roster, it’s now her turn to help the younger runners make their adjustments.“She always has a plan and a goal not only for herself, but for the whole team,” Alexis Crosby, a freshman teammate, said. “So it’s been an inspiration to be around her and to just learn from her.”While Sellers specializes in the 400-meter run, she has been used elsewhere — and has found success. She finished second in the 200-meter race in the 2017 BU Valentine invitational. In the 2015 Cornell Greg Page Relays, she won the 300-meters.But no matter what Sellers does, her philosophy remains the same.“Everything I do, I have to make sure I do it in excellence,” Sellers said. “Because if I do it in excellence, then the team will follow that excellence.”center_img Published on January 30, 2019 at 1:01 am Contact Eric: estorms@syr.edulast_img read more

Culinary Icon Guy Fieri To Meet Soldiers, Culinary Specialists At Madigan

first_imgSubmitted by Saint Martin’s UniversityLACEY, WASHINGTON — On Saturday, Nov. 3, “culinary rock star” Guy Fieri will take to the kitchen of Madigan Army Medical Center with his trademark gusto, cooking up hospitality and entertainment for a group of invited soldiers.During his visit, Fieri, the restaurateur and popular host of Food Network’s Diners, Drive-Ins and Dives, will join a group of Madigan’s culinary specialists in the kitchen, providing his own brand of high-energy epicurean instruction and inspiration. Following his food-focused adventures with the specialists, Fieri will spend time with wounded, ill and injured soldiers from the Warrior Transition Battalion (WTB).The “Afternoon with Guy Fieri” at Madigan Army Medical Center is presented by Saint Martin’s University, which is celebrating the 40th anniversary of its extension campuses at Joint Base Lewis-McChord, and sponsored by America’s Credit Union. On the evening of Nov. 3, Saint Martin’s University will welcome Fieri to its Lacey campus as celebrity chef for its annual Saint Martin’s Gala. Last year’s Gala featured chef Mario Batali and generated $600,000, a record amount for the annual scholarship fundraiser.A longtime supporter of servicemen and women serving our country, Fieri has visited bases in the Persian Gulf, Guantanamo Bay and Hawaii.“We’re excited to host Guy Fieri and look forward to him bringing his culinary magic to our kitchen,” said Col. Dallas Homas, Madigan Army Medical Center commander. “Our soldiers from the Warrior Transition Battalion are especially thrilled for the opportunity to interact with this celebrity chef.”“It is an honor to have the opportunity to connect Guy with the WTB Soldiers as part of our pre-Gala festivities,” said Roy Heynderickx, Ph.D., president of Saint Martin’s University. “This year, Saint Martin’s Gala will feature a special focus on the military, as we celebrate four decades of ‘serving those who serve us’ on our Joint Base Lewis-McChord extension campuses. The Madigan event is the perfect way to kick off the day.”Saint Martin’s University is an independent four-year, coeducational university located on a wooded campus of more than 300 acres in Lacey, Washington. Established in 1895 by the Catholic Order of Saint Benedict, the University is one of 14 Benedictine colleges and universities in the United States and Canada, and the only one west of the Rocky Mountains. Saint Martin’s University prepares students for successful lives through its 23 majors and seven graduate programs spanning the liberal arts, business, education, nursing and engineering. Saint Martin’s welcomes more than 1,100 undergraduate students and 400 graduate students from many ethnic and religious backgrounds to its Lacey campus, and 300 more undergraduate students to its extension campuses located at Joint Base Lewis-McChord and Centralia College. Visit the Saint Martin’s University website at www.stmartin.edu.Headquartered at Madigan Army Medical Center on Joint Base Lewis-McChord, the Madigan Healthcare System is a network of Army medical facilities located throughout Washington and California that serve active duty service members, their families and retirees. Madigan is a system of health that provides a wide array of medical services, such as general medical and surgical care, adult and pediatric primary care, a 24-hour emergency room, specialty clinics, wellness services, and environmental health services. Madigan is one of only three designated Level II trauma centers throughout the U.S. Army Medical Command, as well as an unparalleled teaching facility and modern research platform. Visit the Madigan website at www.mamc.amedd.army.mil or Facebook page atwww.facebook.com/MadiganHealth. Facebook44Tweet0Pin0last_img read more

Three Highlands Homes Demolished After One Shifts, Falls While Being Elevated

first_imgHIGHLANDS – Emergency crews were demolishing three homes on Locust Street Friday after a home on the corner, being elevated, slipped off its cribbing and fell, striking the house next door.No injuries were reported.As of 5 p.m. Friday, workers were leveling the homes.An excavator was brought to the scene at about 1 p.m. where the two-story home at 1 Locust St., at the corner of Willow Street, was being elevated. It fell for an undetermined reason, twisting on a 45-degree angle from where it had been located. It hit the brick ranch-style home next doo at 3 Locust St, which was abandoned. Another abandoned one-story frame house next door to it at 5 Locust St. also was demolished.Borough officials said that the homes at 3 and 5 Locust St.already had beenslated for demolition, officials said.According to borough engineer Dale Leubner of T&M Associates, the home at 1 Locust St. is owned by Prince Gilpin and the firm contracted to do the house lifting was Hasenfus Construction Services of Long Branch.The construction company could not be reached for comment Friday evening.The mother of the homeowner is comforted by neighbors.According to Mayor Frank Nolan, Gilpin’s home was only about two years old, had sustained damaged from Super Storm Sandy and had been repaired. The home’s foundation was heavily damaged and officials said it was too dangerous to let anyone inside to removed the owner’s personal belongings. The owner reportedly went on vacation so the building could be elevated.According to Paul Vitale, the Highlands building inspector, more than a dozen houses in the borough had been elevated since Sandy and there have been no issues with those projects.The federal Occupational Safety and Health Administration (OSHA) is investigating.The Highlands fire chief confers with a New Jersey Natural Gas representative at the scene.Emergency crews from the Asbury Park heavy rescue team and Middletown and Highlands fire departments were on the scene along with personnel from the Monmouth County Fire Marshal’s Office and Naval Weapons Station Earle. An engineer from T&M Associates, the Highlands building inspector and one of the contractors inspect the damage.last_img read more