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September 29, 2020 | |Post a Comment

first_imgThe ISIF, unlike the NPRF, will invest in Ireland with the aim of stimulating economic activity in the wake of the country’s bailout.As a result, the NPRF will gradually sell off its non-domestic holdings so the cash can be redeployed.In other news, a £650m (€790m) London pension fund is to increase its exposure to alternatives, investing £50m in the asset class.The London Borough of Barking & Dagenham Pension Fund has asked bfinance to oversee the diversified alternatives tender process, allocated more than a year ago after it decided to overhaul its investment strategy.As part of the shift, the fund said it would also invest an undisclosed amount in social housing or inflation-linked real estate – with manager interviews scheduled to be conducted for both mandates in March.“With these changes, it is hoped that the fund will be flexible and responsive to adapt to changes in the future,” the fund’s 2014 Business Plan said.Its tender said it would appoint one manager to the diversified alternatives portfolio, managing the money either as a segregated account or a pooled fund.Asset managers have until 10 March to apply, with further information available from bfinance’s London office. The National Pensions Reserve Fund has sold its entire private equity portfolio, most recently valued at €716m, to a US secondary private equity manager.In a statement, the fund said Lexington Partners had agreed to acquire an estimated €800m in fund holdings and outstanding commitments, spread across two dozen private equity funds.The sale, initiated in September last year, is expected to finalise in the coming months, the NPRF added.The reserve fund decided to sell its private equity holdings, comprising close to 11% of its discretionary portfolio, as part of a shift in asset allocation ahead of the €6.8bn portfolio’s transformation into the Ireland Strategic Investment Fund (ISIF).last_img read more

January 20, 2020 | |Post a Comment

first_imgChristmas this year promises to be brighter for hundreds of children in the inner-city community of Waterhouse as Shelly-Ann Fraser-Pryce’s annual Christmas treat promises to be bigger and better than in previous years. The treat, set for Boxing Day, will have all the usual fun rides and giveaways, but according to the multiple World and Olympic champion, there will be a lot more toys for the kids this time around. “For them, as long as you have sugar, lime and water and a little music, they’re good with that,” she joked, “but I think they are more excited about the toys and gifts. SPONSORS AND DONATIONS “This year, Nike, my sponsor, donated a lot of stuff, including bags and T-shirts with my name on them, bottles, stuff for them to go back to school, but Tank-Weld donated over 500 gifts.” What this means for the 2015 World champion is that she will be able to provide most, if not all the children who turn up, with a gift this Christmas. “Each year, I say 300 kids. but it’s closer to 600 because all different areas within the community. And this year, I think I will be able to facilitate all of them, so I am really excited that Tank-Weld provided a lot of additional toys. Her other sponsors, Digicel and GraceKennedy, she said, are also on board. “Amazingly, this is our eighth year, and I’m really excited that our sponsors are able to share Christmas with the kids in the community,” she said. She added that to be able to do this for the community where she was raised means a lot to her. “Growing up in the community for me was okay, but I am glad that I now have the opportunity to give them a good Christmas,” she said. “For me, it’s just the joy to see the smile on their faces, just to see them enjoying it; that’s the purest form of joy we can see.”last_img read more