Nicki Bluhm, Eric Krasno, Grahame Lesh, And Ross James Are Performing At Terrapin Crossroads For Free Tonight!

first_imgYesterday, Terrapin Crossroads, the iconic venue in San Rafael, California, owned by the Grateful Dead bassist Phil Lesh, announced that they had a special event in store tonight. This evening, Nicki Bluhm, Eric Krasno, Grahame Lesh, and Ross James will all come together and perform as part of Songs To Fill The Air series in the backyard of Terrapin Crossroad. The event is free to the public and an all-ages affair, with food and drinks available for attendees. The show starts at 5:30, and those who can make it are probably not going to want to be late. Following the free performance, Ross James will perform inside as part of his Cosmic Thursdays.last_img

Strathclyde ups cash balance in case of COVID-19 interruption

first_imgStrathclyde’s cash balance at the end of its 2019 financial year was £58.8m. By way of comparison, the cash balances of Lothian Pension Fund, the second largest local government pension scheme in Scotland, had group cash balances of £39m as at 31 March 2020.Strathclyde’s total investment return for the year to 31 March 2020 was -3.5%, with most of the loss coming from equity portfolios (-6.3%).There were sharp falls in some other portfolios – -20.4% in emerging market debt and -15.5% in multi-asset credit – although the pension fund said its non-equity investments “held up reasonably well”, with UK property returning 2.5%, global real estate 11% and global infrastructure 3.7%.Although Strathclyde’s three and five-year annualised returns “comfortably” exceeded its benchmark, the pension fund highlighted that the three-year figure of 2.7% was less than the actuary’s long-term assumption of 3.5% per annum, and would therefore have a negative impact on the actuarial valuation to be carried out with a strike date of 31 March.New investment structure implementedStrathclyde has been pursuing a strategy of greater diversification over the past several years, and in its annual report said that during 2019/20 it had implemented an investment structure “consistent with” the new strategic target model it had agreed in 2018.Called “Step 2”, the model involves a 20% target allocation to two “enhanced yield” buckets – one short-term and one long-term – plus a 52.5% allocation to equity, a 1.5% hedging/insurance allocation and a 6% credit allocation.The pension fund said funding of a new private real estate debt mandate with ICG Longbow, and of three new segregated private corporate debt mandates with Barings, Alcentra and Partners Group commenced in the year under review, and would show up in the amount invested in the short-term enhanced yield bucket over the next two to three years.Looking for IPE’s latest magazine? Read the digital edition here. Strathclyde Pension Fund, Scotland’s largest local authority pension fund, topped up its cash balances to prepare for any COVID-19-linked interruption in income from employers, according to its unaudited annual report.The report indicates the top-up, which was a transfer from its investment balances, was for £100m (€84m).The £20.9bn pension fund said the transfer was “to ensure ample cover for pensions payments in the event that income from employers is interrupted as a result of coronavirus precautions in the new financial year”.It said it contributed to an “unusually high” cash balance of £195m as at 31 March 2020, the end of its financial year, alongside a contributions payment in respect of backdated equal pay settlements and a bulk transfer payment.last_img read more

#Donkomi: Juventus completes the transfer of Mathijs de Ligt

first_imgItalian giants, Juventus have completed the signing of 19-year-old centre-back Mathijs de Ligt from Ajax.The Dutch international had been linked with several top clubs like Barcelona, Manchester United and Paris-Saint Germain but Juventus snaps the teenager.The deal is worth £67.5m and the player will earn €460,000 a week after add-ons at the Turin club.Mathijs de Ligt has signed a five-year contract with the Serie A giants as they look to fight for the UEFA Champions League.The defender made his Ajax debut in 2016 and rose to become the clubs youngest ever captain in March of 2018.De Ligt scored eight goals in 77 appearances, winning the Dutch domestic league and cup double last season and also helped the club reach the champions league semifinals last season.He also reached the Europa League finals a season before where Ajax lost to the English club, Manchester United.The young centre-back also made his Netherlands debut in March 2017 and helped his country reach the UEFA Nations League finals losing the trophy to Portugal.(L-R) Cristiano Ronaldo of Portugal, Matthijs de Ligt of the Netherlands during the UEFA Nations League final match between Portugal and The Netherlands at Estadio do Dragao on June 09, 2019 in Porto, Portugal(Photo by VI Images via Getty Images)last_img read more