TRPIT outperforms sector again

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Sanctuary Cove final stages draw strong interest

first_imgSanctuary Cove has reached the end of development works after three decades of continuous supply.LOCAL and international buyers and investors are driving strong sales of Sanctuary Cove’s last remaining golf frontage lots.Just 16 of the 32 lots remain for sale within the Sanctuary Pine release, which sits alongside the Arnold Palmer-designed Pines Golf Course.Mulpha Sanctuary Cove general manager of international sales and marketing John Hughes said buyers had become increasingly conscious that the purchase window was closing.“After 30 years of continuous supply of prime land at Sanctuary Cove, the recent completion of development works has highlighted that the end is in sight and this is having a huge impact on property values,” he said.“Sanctuary Pines represents an avid golfer’s dream, with each of the generously proportioned blocks — some larger than 1100sq m — boasting stunning Pines golf course aspects. The limited number of lots that permit double-storey construction, plus a basement, has driven buyer interest locally and internationally.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoJust 16 of the 32 lots remain for sale within the Sanctuary Pine release.“You don’t have to love golf to appreciate the proven returns of exclusively positioned golf lots at Sanctuary Cove, with some recent sales of existing homes fronting the Pines course exceeding $4 million.”Remaining single and double-storey house sites are priced from $875,000, and range from 1000sq m to 1129sq m.Sanctuary Pines Golf Course is the only Arnold Palmer-designed course in Australia, and is considered one of the nation’s most challenging courses. It is surrounded by pine forest and dotted with lakes, with native wildlife often spotted on the fairways.The Sanctuary Pines release sits within the award-winning Sanctuary Cove masterplanned community, home to restaurant and retail precincts, two golf courses, a clubhouse, a country club, tennis courts, a pool, and a huge calendar of events including the Sanctuary Cove International Boat Show next month.last_img read more

Wednesday people roundup

first_imgBNP Paribas Investment Partners – Marc Fleury has been appointed head of sales for the corporate and endowments department, while Anne Dille‐Weibel has been given the role of head of sales for the insurance department. Katherine Simons has also been hired as head of global RFP (request for proposal). Fleury started work at BNP Paribas in 2007, where he was head of the sales team at the bank’s indexed and systematic investment arm THEAM. Dille-Weibel has most recently been responsible at BNPP IP for co-ordinating sales to insurance companies internationally. Simons has previously worked at Franklin Templeton, where she ran the company’s global RFP activity.Bank J Safra Sarasin – Karsten Junius joined Bank J Safra Sarasin as chief economist. Before, he was principal economist at the International Monetary Fund.Partnership – Costas Yiasoumi has been hired by specialist insurer Partnership as director of defined benefit solutions. He was previously head of longevity solutions at Swiss Re and executive director at JP Morgan Chase.Hermes Fund Managers – Michael Russell is joining Hermes Fund Managers as deputy portfolio manager of Hermes US Small and Mid Cap Equities. Russell comes to Hermes from a job as senior portfolio manager of the global developed markets equity funds at Nomura Asset Management.British Private Equity & Venture Capital Association (BVCA) – Tim Farazmand is to take over as chairman of the BVCA from this month, the association said. He is the managing director at LDC. He will replace the previous chairman Simon Clark. Lloyds Bank – Rob Carruthers has been appointed to the new position of business development director for financial institutions in the UK regions. Carruthers has been working at Lloyds Banking Group since 2009 and has previously worked at Commonwealth Bank of Australia, CIBC World Markets and Scotiabank.HSBC Global Asset Management – Nacho Font has been appointed by HSBC Global Asset Management to represent the company’s smart-beta investment activities to internal and external clients. He joins the company from Japanese asset manager DIAM International, where he was a business development manager and equity product specialist. Stephen Tong has been hired to take charge of the HSBC Global Asset Management’s global equities activities, having previously worked at Vontobel Asset Management as managing director and head of emerging market portfolio management. Emmanuelle Harboun and Yasmina Slimani have also joined HSBC Global Asset Management on the UK-based product specialists team, and Apiramy Jeyarajah has been hired in the new role of senior product development manager on the asset manager’s passive investment product range.Waverton Investment Management – Ian Enslin has been appointed to the charities team at Waverton Investment Management. He will focus on managing segregated, multi and single asset class investment mandates. Enslin joins from Newton Investment Management, where he managed similar strategies for charities and institutional investors. PPF, LD, EIOPA, BNP Paribas, Safra Sarasin, Partnership, Hermes, BVCA, Lloyds Bank, HSBC GAM, WavertonUK Pension Protection Fund – Elaine Wiscombe has been appointed by the Pension Protection Fund as its new head of operations for its new in-house member services function. She comes to the PPF from Aon Hewitt, where she was a client relationship manager. Before then she was an operations manager for Ensign. Lønmodtagernes Dyrtidsfond (LD) – Peter Engberg Jensen has been appointed to the board, replacing Hans Ejvind Hansen, who has decided to step down, the pension fund said. Engberg Jensen, who joined the LD board yesterday, was managing director of Nykredit from 2006 until September last years.European Insurance and Occupational Pensions Authority (EIOPA) – Alberto Corinti, executive board member of the Istituto per la Vigilanza sulle Assicurazioni, has been appointed by EIOPA as a member of its management board. last_img read more

€3bn Dutch pharmacy staff scheme reduces risk profile

first_imgPMA, the €3bn Dutch sector scheme for pharmacy staff, said it reduced its strategic equity allocation from 50% to 40% in favour of its fixed income holdings, in order to reduce its risk profile.In its annual report for 2018, it explained that the change followed an asset-liability management study that focussed on the social partners’ wish to limit the chances of forced pension rights cuts in the coming years. As a consequence of its fixed income portfolio increasing to 60%, the pension fund’s required funding level dropped from 126% to 121%.PMA also raised the interest hedge of its liabilities from 22.5% to 40%. In 2018, the pension fund started simplifying its investment policy, replacing four actively managed specialist equity funds with passive mandates. At year-end, 97% of its equity holdings were passively managed investments.It also merged two actively managed European bond mandates into a single passive one.It said an additional agreement with asset managers on costs had also contributed to a reduction of asset management costs from 51 to 37 basis points.The pension fund of Dutch telecoms corporate KPN also recently reported having scaled back its strategic equity allocation in favour of fixed income. Alternatives perform bestThe scheme’s investments fell 0.8% in 2018, fixed income gaining 1.2% and its equity holdings down -5.8%.It said it lost 1.1% on its 10.3% property allocation, with listed real estate 4.5% lower. Its holdings of listed property had gained 9.7%.The pension fund said it had sold its holdings in retail, residential property and office funds.With a profit of 5.4%, alternatives were the best performing asset class, largely thanks to one of its private equity investments entering its “harvest phase”, according to the scheme.The board said that the pension fund’s scale justified it continuing independently, arguing that it had a niche position in the healthcare sector, and that the number of members – currently around 55,600 – had remained stable.It said other company schemes in the pharmacy sector were welcome to join, and that it was considering setting up its own administrative bureau for board support.Pension cuts ahead PMA indicated that, given its funding level and a disappointing pace of recovery, it expected that it would have to cut pension rights and benefits in 2021.At the end of last June, its coverage ratio stood at 100.8%.On its website, PMA announced that it would adjust its pension arrangements next year to be prepared for the effects of a lower interest rate environment. The scheme said it had agreed with its social partners to create the possibility of increasing contributions – currently 24.5% – by 2% annually over the next three years, and to switch from a salary-based indexation to inflation compensation based on the consumer index.The parties had also agreed to the option of a temporary reduction of the current annual pensions accrual of 1.76%.last_img read more

​Veritas fears virus second wave worse for businesses; calls for testing

first_imgFinnish pension insurance company Veritas warned in its interim results statement that if COVID-19 spikes again, this time around the impact on businesses would be even worse.The Turku-based firm reported a loss on its investments of 4.2% for the first six months of this year, saying the only asset class in its portfolio to have ended the period with a positive result was real estate with a 2.6% gain.This was despite the recovery of equity markets from their trough in March, it said.Equities produced a 9.6% investment loss and the return on fixed income investments was 0.2% in the period, the firm reported. Carl Pettersson, Veritas’ chief executive officer, said: “Once again, the number of coronavirus cases has started to rise and our fear is that it may have an even greater impact on businesses this time around. There may no longer be a sufficient capacity for flexibility and buffers.”People were still having to wait several days to get tested for the virus, he said, adding that these delays made it increasingly difficult for companies to carry out their business.“This type of delay is mentally difficult, but can also have a heavy financial impact. We absolutely need to focus on testing right now, as it will also help us to decrease the need for support packages in the future,” said Pettersson.Despite the investment loss, Veritas reported its solvency ratio had strengthened to 122.4% at this year’s halfway point, up from 119.2% at the end of the first quarter.Veritas – the smallest of Finland’s four pension insurance companies in the earnings-related pensions – said total assets stood at €3.5bn at the end of June, and that over the last five years its average return was 3.6%, and 5.1% over 10 years.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Offshore safety body spots irregularities on Ekofisk

first_imgEkofiskOn December 23, 1969, Phillips Petroleum – now ConocoPhillips – informed the Norwegian government that it had discovered Ekofisk – one of the largest offshore oil fields ever found.The field, located some 200 kilometers south of Stavanger, started production in 1971 via the Gulftide platform and is in production even today, more than four decades after the original discovery.The Greater Ekofisk Area today comprises four producing fields: Ekofisk, Eldfisk, Embla, and Tor. Crude oil is exported to Teesside, England, and the natural gas is exported to Emden, Germany. Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of ConocoPhillips’ Ekofisk in the North Sea.Part of the Ekofisk complex; Source: ConocoPhillipsPSA said on Thursday that the audit of Ekofisk was conducted from September 17 to 21, 2018. The objective of the audit of ConocoPhillips Skandinavia AS was to verify that aspects of the management of logistics, scaffolding and access techniques, including the working environment and employee participation, relating to activities at Ekofisk 2/4 J, M, Z, L, B, and K, met relevant requirements in the HSE regulations.The audit noted four non-conformities in connection with monitoring of MOB boat forerunners, access to offshore cranes, follow-up of scaffolding, and working environment for scaffolding, insulation and painting personnel.Also, improvement points were identified regarding arrangements for materials handling, safety marking in the field, local procedures, and manuals for lifting appliances and lifting gear.The PSA told ConocoPhillips Scandinavia to report on how the non-conformities and improvement points would be addressed by November 16, 2018.It is worth noting that ConocoPhillips received consent from the PSA back in September to use the Ekofisk 2/4 VC facility offshore Norway.last_img read more

Carl Keith Crider

first_imgCarl Keith Crider, 84, of Aurora, Indiana, passed away Wednesday, October 12, 2016 in Aurora, IN.Keith was born August, 24, 1932 in Aurora, IN, son of the late Carl C. Crider and Jenny Whiteford Crider.He served his Country as a member of the United States Army during the Korean Conflict.He began his truck driving career at age 16, and later drove for the family business, Crider Moving and Storage for many years. He traveled many miles in his truck driving days.Keith was the oldest member of the Aurora Eagles, Moose and American Legion.Surviving are siblings, Erma Jean Schuman of Cincinnati. OH, David Crider and Michael (Charity) Crider both of Aurora, IN, as well as several nieces and nephews.He was preceded in death by his parents, and his wife, Madge Coleman Crider.Friends will be received Saturday, October 15, 2016, 11:00 am – 1:00 pm at the Rullman Hunger Funeral Home, Aurora, Indiana.Services will be held at the Funeral Home, at 1:00 pm with Pastor Charles Hill and Pastor Michael Welch officiating.Interment will follow in the River View Cemetery, Aurora, Indiana 47001. Military graveside services will be conducted by members of local Veterans Service Organizations.Contributions may be made to River View Cemetery Association. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.comlast_img read more

Albert Auto September Spectacular Sunday at Benton County

first_imgVINTON, Iowa – Top prize for IMCA Modifieds at Benton County Speedway’s Sunday, Sept. 17 Albert Auto Service September Spectacular is $1,000.The headline event is a qualifier for the 2018 Fast Shafts All-Star Invitational ballot. IMCA Sunoco Stock Cars and Karl Chevrolet Northern SportMods both race for $500 to win, IMCA Sunoco Hobby Stocks for $300 to win.Completing the sanctioned portion of the program are Mach-1 Sport Compacts. IMCA Speedway Motors Weekly racing National, regional and All-Star Performance State points will be given at the draw-redraw show.All heat race winners get $25 from Albert Auto, which also provides three gift cards for the grandstand drawing. Drawing prizes will also be given to young fans who get to the track early enough to get a numbered checkered flag.Pit gates at Vinton open at 4 p.m. and racing follows 5:30 p.m. hot laps.Grandstand admission is $12 for adults and $5 for kids ages 6-12. Pit passes are $25.The track website is read more

Ireland move closer to Test-playoff with win over Hong Kong

first_imgIRELAND remain on course to battle for a place in Test cricket in 2018 after beating Hong Kong by 70 runs in the Intercontinental Cup game at Stormont.After starting the final day on 199-6, Ireland were bowled out for 230 to leave Hong Kong needing 310 to win.Nizakat Khan’s superb 123 held up Ireland as he shared a ninth-wicket stand of 61 with Nadeem Ahmed.However, with the score on 239, Peter Chase trapped Ahmed and Khan was then dismissed by Tim Murtagh.Middlesex seamer Murtagh was the pick of Ireland’s bowlers on the final day as his closing dismissal, with Ed Joyce taking a simple catch, brought impressive figures of 4-29.George Dockrell and Kevin O’Brien chipped in with two wickets apiece but the Ireland attack laboured for most of the final afternoon as Khan and Ahmed looked comfortable during their 61-run partnership.Earlier, a quick victory looked on the cards as Murtagh’s first two wickets and O’Brien’s dismissals left Hong Kong on 114-5 before they slipped 147-7.Ireland were able to add only 31 runs for the loss of their final four wickets at the start of the day as O’Brien finished unbeaten on 16.The victory maintained Ireland’s winning run in the competition as they moved back to the top of the eight-team table.After four successive wins, Ireland lead Afghanistan by 19 points, with the two sides meeting in the next fixture in India next March.The winners of the eight-nation competition will play the bottom-ranked Test nation in 2018 for the right to earn four years of Test cricket status. (BBC Sport)last_img read more

The Latest: NFL says 1 player was positive in last testing

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The National Football League and NFL Players Association say there’s been just one new confirmed positive test for COVID-19 among players and seven new confirmed positives among other personnel in the latest round of testing. The period covered Aug. 30 through Labor Day and included 44,510 tests. A total of 17,519 tests were given to 2,641 players and 26,991 to 5,708 personnel. Players and Tier 1 and 2 personnel were tested daily, while Tier 3 individuals were tested weekly. Those who test positive are immediately isolated, not permitted access to club facilities, and have no direct contact with players or personnel. Club medical staff are in regular communication with individuals who test positive to monitor symptoms.___The Denver Broncos on Tuesday announced plans to host a limited number of fans at Empower Field at Mile High beginning with their second home game on Sunday, Sept. 27, against Tampa Bay.Initially, attendance will be limited to 5,700 fans, or about 7.5% of stadium capacity, which is 76,125. All season ticket-holders will automatically be entered into a weighted lottery based on priority number for single-game tickets and parking passes with an on-sale date within the next week. Seats will be sold in pods of one to six tickets, and sections will be separated into smaller groups with designated entry, concession and restroom areas to limit fan exposure to comply with the state’s outdoor event guidance. Safety enhancements include touchless restrooms, improved air purification systems, and entirely mobile/cashless technology. Face coverings and social distancing will be mandatory and any fan who doesn’t comply with the guidelines will be required to leave the stadium. Tailgating will not be permitted iin the parking lots, and congregating in parking lots, concourses or stadium bowl is prohibited.The Broncos will continue to work closely with state and public health experts, and they will re-evaluate increasing fan attendance for future home games. ___More AP sports: and September 8, 2020 ___Coastal Carolina of the Sun Belt Conference has gotten approval from the state of South Carolina to have up to 5,000 people at its home football games this fall.The school announced guidelines Tuesday spelling out that the number of people allowed at Brooks Stadium includes teams, coaching staffs, game day staff, game day operations, working media, band, spirit teams and volunteers, along with spectators.The Chanticleers play in the Football Bowl Subdivision and open their home season against Campbell on Sept. 18.___ Associated Press Leaders of six state legislatures in the Big Ten footprint have sent a letter to Commissioner Kevin Warren asking the conference to reconsider its decision to cancel the fall football season.The letter is written on the letterhead of Michigan House Speaker Lee Chatfield and also signed by statehouse leaders from Iowa, Minnesota, Ohio, Wisconsin and Pennsylvania.“Recent actions taken by other conferences around the country to start football and other fall sports have placed the Big Ten, its members and students at a disadvantage,” the letter said. “These athletes are losing a vital part of student life and are becoming less marketable to future employers with each passing week. Additionally, our local universities stand to lose hundreds of millions of dollars that support vital student scholarships.“This is even more frustrating when we think of how our Big Ten athletic programs are leading the way by providing outstanding health and safety protocols. All of that unprecedented planning and teamwork was an unmitigated success, and yet somehow the conference has decided to cast it aside anyway.”The Big Ten, and Warren in particular, have received strong pushback since the conference announced that university presidents voted to push back football and other fall sports until the second semester because of the coronavirus pandemic. Ohio State quarterback Justin Fields started a petition seeking a reversal, parents of players held a protest outside Big Ten headquarters and eight Nebraska players filed a lawsuit. The Latest: NFL says 1 player was positive in last testinglast_img read more