first_imgPRESIDENT of the Athletics Association of Guyana (AAG) Aubrey Hutson has endorsed the staging of the inaugural ‘Ole School Nu School’ ‘Mackenzie High versus Multi’ track and field championship saying it is the way to go as his governing body prepares to officiate in the Independence Day meet at the Mackenzie Sports Club (MSC) ground tomorrow.Speaking to Chronicle Sport on Thursday, Hutson said his personal view was that there was need for more championships like these, as he felt the time is coming when the rivalry should move from the Inter-District level and have the schools engaged in such competitions to further expose more athletes.He said he was prepared to shed light in this regard for the future of such meets as this is what the Jamaicans have been doing and one can see the results of such a programme.Hutson said he will be in Linden tomorrow to ensure the internationally recognised Fully Automatic Timing System (FATS) for athletics is implemented in Guyana for the first time on the grassy outfield at the MSC ground.The AAG had responded promptly earlier this year to the request for sanctioning of the meet and this first such meet, put on by former athlete of the Mackenzie High School (MHS) Erwin Shawn ‘Baldhead’ McNeil and past student of the Christianburg Wismar Secondary School (Multi), Floyd Cameron, (Team McNeil/Cameron), could be the starting of something big in athletics in the future.Among those big names who have given their backing for the staging of this championship are former national athletes of MHS, Marian Burnette and Bruce Butcher, who are based in the United States of America. (Joe Chapman)last_img

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first_img65 Dove Tree Crescent, Sinnamon Park is seeking offers above $899,000. Picture: realestate.com.auThe four-bedroom home is near new and is on a 978sq m block of land.The home has views of distant mountain ranges and the interiors are of a contemporary style.A separate media room also has extra storage space and there are multiple living areas upstairs and downstairs.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours ago Inside one of the Dove Tree Crescent bedrooms at Sinnamon Park. Picture: realestate.com.auThere is an inground pool and a barbecue in the alfresco outdoor living area.Meanwhile a home at 40 Panorama St, Rochedale with five bedrooms and large living spaces has been listed for sale. It is in the Arise Estate and close to schools including Redeemer Lutheran College. 65 Dove Tree Crescent, Sinnamon Park. Picture: realestate.com.auIF you’re on the hunt for a new home, check out some of Brisbane’s newest large family home listings. 65 Dove Tree Crescent, Sinnamon Park has hit the market seeking offers from $899,000 plus buyers. The large home at 40 Panorama St, is close to schools. Picture: realestate.com.auThere are high ceilings in the entry and cedar wood accents throughout the home. On the lower level the lounge and living area leads out to a patio with an outdoor kitchen and barbecue area.A home at 21 Wolsey St, Sandgate has been listed seeking offers in the high $800,000s.The four-bedroom, two-storey house is on a 600sq m fully fenced block.center_img 21 Wolsey St, Sandgate. Picture: realestate.com.auThere is a formal entrance and the kitchen has a large butler’s pantry. Living areas are open plan and there is a study. The deck at 21 Wolsey St, Sandgate. Picture: realestate.com.aulast_img

first_imgCoverage ratios at KLM’s three pension funds plunged over the first quarter despite their reporting strong investment returns over the period.KLM Cabinepersoneel, the €2.8bn pension fund for cabin staff, returned 9.6% in Q1, yet its coverage fell by 4 percentage points to 117.1%.Over the same period, Algemeen Pensioenfonds KLM, the €8bn scheme for ground staff, returned 8.6%, while its coverage ratio decreased by 3.1 percentage points to 117.4%. From the beginning of this year, Dutch pension funds have had to use the 12-month average of their daily coverage, rather than the three-month average, to determine their ‘policy funding’, the new criterion for indexation and rights cuts. Both schemes have failed to achieve their minimum funding targets of 126.2% and 124.6%, respectively, as stipulated under the new financial assessment framework (nFTK).As such, they must now submit recovery plans to the pensions regulator.Meanwhile, Vliegend Personeel, the €8.3bn pension fund for KLM cockpit staff, reported a 6.9% return and closed out the first quarter with a coverage of 127.5%, 3.1 percentage points down from December but above its minimum ratio of 123.4%.All three KLM schemes have contracted out their asset management and pensions administration to Blue Sky Group.In other news, Progress, the €5.8bn pension fund of Unilever, reported a quarterly return of 14%.Progress director Rob Kragten said all asset classes, with the exception of commodities, made positive contributions to the scheme’s first-quarter performance.He added that equities and private equity had performed particularly well.Its funding of 139% at March-end equated with a coverage ratio in real terms of 103%, making Progress one of the best-performing large company schemes in the Netherlands.last_img

first_imgWorcester CathedralCredit: jimmyjay Worcestershire chose a static equity protection strategy rather than an active one. According to Sue Alexander, chief financial officer of Worcestershire County Council Pension Fund, research had shown that a static options strategy would be better value and more straightforward to implement.Masroor Ahmad, managing director of River and Mercantile Derivatives, said that after an extended period of positive returns in equity markets to the beginning of this year, an increasing number of LGPS funds had shown interest managing the downside exposure in their portfolios while maintaining their allocation to equities. Mike Faulkner, CEO of River and Mercantile Group, added: “We have seen significant weakness in equity markets and a consequent rise in volatility. Our view is that we are in the ‘apprehension’ phase of the market cycle. We have been advising clients of this view and have been helping them develop plans to prepare to defend.”Worcestershire Pension Fund is a member of LGPS Central , one of the eight asset pools that have been formed by local authority pension funds on instruction from central government. An equity protection solution was deemed the most suitable way to maintain equity market exposure and reduce the likelihood of further contributions from the sponsor in 2019, when the scheme’s next triennial valuation is due. In the UK, triennial valuations are used to plan employer contribution levels. The £2.5bn (€2.9bn) pension fund for Worcestershire County Council has implemented a structured equity protection strategy for its £1.2bn passive equity portfolio.The strategy is intended to protect the local authority fund – part of the Local Government Pension Scheme (LGPS) – from a downturn in the equity markets while still allowing it to benefit from gains over an 18-month period.It was applied to the fund’s portfolio of UK, US and European stock investments, which is passively managed. River and Mercantile Derivatives was appointed to run the position. According to a statement, the fund decided against derisking by moving out of equities to another asset class due to fears that this would have reduced return expectations.last_img

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