Scientific progress

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Bfinance: real asset debt outweighs corporate private debt in 2019

first_imgNEST, the UK’s master trust with assets under management worth £8.3bn (€9.8bn) launched a new procurement last September inviting fund managers to tender for unlisted/direct infrastructure equity funds.The pension scheme “believes private infrastructure equity investments can offer huge opportunities for its 8.5 million members”, it stated then.Bfinance said investors that established first-time private debt allocations for the post-global financial crisis period – primarily targeting corporate debt – are seeking diversification as spreads in direct lending continue to decline.It said: “This maturation has further supported real asset debt demand. Current appetite spans an immensely broad risk/return spectrum. At the lower end, demand for senior infrastructure debt from institutions seeking an alternative to investment grade fixed income is not a new phenomenon but the sector is becoming increasingly commoditised, with an ongoing decline in spreads.”At the riskier end, bfinance is seeing pension funds with real estate and infrastructure equity portfolios shifting towards debt. Real estate debt has been the major beneficiary of this since 2013, its research shows.“Yet we also note the emergence of infrastructure direct lending – increasingly recognised as a space in its own right – including senior secured loans to companies backed by infrastructure assets and infrastructure mezzanine loans.“Whether these offer a route to superior risk-adjusted returns or signify an increasingly stretched market remains to be seen.”Alternatives as biggest diversifiersJPMorgan Asset Management has said that investors should increasingly consider alternatives as their biggest portfolio diversifiers for the year ahead, as the current market environment continues to drive investors in search of yield and steady returns.The firm has released its second annual Global Alternatives Outlook, providing a 12-18-month outlook across key alternative asset classes and highlighting the views of its top management and strategists from JPMorgan AM’s 15 distinct alternatives investment engines.Anton Pil, global head of alternatives, said: “In this delicately balanced investment climate, investors should increasingly consider the role alternatives can play as both a diversifier and a potential source of steady income without adding to a portfolio’s equity risk.”He said: “Across the industry, there remains a lack of nuanced alternatives investment guidance that reflects the complexities of the asset class.”The report also provides an alternatives framework for investors to build resilient portfolios, by categorising asset classes according to their role in the portfolio, divided into core foundation, core complements and potential return enhancers.Additionally, it showed that 2020 will be a critical year for hedge fund managers to increase the integration of environmental, social and governance (ESG) criteria and sustainability across their businesses and investment activities.Based on their investment objectives, Pil said, investors should focus on assets that have the ability to provide clear visibility into long-term yield.Sector rotation key for hedge fund strategies According to investment consultancy bfinance, 2019 was the first ever year in which searches conducted by investors for real asset debt outweighed, in dollar terms, searches for corporate private debt.While overall private debt fundraising in 2019 dropped to $147bn (€133.6bn), down from $166bn in 2018, this decline was primarily attributed to corporate debt, where new fundraising dropped by 17%, the firm disclosed.By comparison, infrastructure debt fundraising rose from $9bn in 2018 to $14bn in 2019 – the second highest figure recorded, exceeded only in 2015. Real estate debt fundraising dipped only slightly – from $29bn to $27bn – following an exceptionally strong fundraising wave in 2013-17, with an average of $35bn per year, bfinance’s latest research showed.“We note new investors entering this sector. These include defined contribution schemes in certain markets who are beginning to tap into illiquid strategies, headlined by UK NEST’s infrastructure debt commitment in 2019, and insurance companies, where regulatory changes have improved treatment for unrated debt in general and infrastructure debt in particular,” the firm stated. Brooks Ritchey, K2 AdvisorsK2 Advisors, a provider of integrated hedge fund and alternative solutions, has said sector rotation appears to be a key factor for hedge fund strategy investing in 2020.“As we look toward what might drive hedge fund returns in 2020, a key consideration for us is staying on top of sector and regional rotations in equity and fixed income markets,” said Brooks Ritchey and Robert Christian, senior managing directors and co-heads of investment research and management at the firm.The duo said there are increasing signs pointing to a shift in financial markets from growth- and defensive-driven sentiment to more focus on cyclical and value factors. This trend could continue to fuel a rotation of investor flows throughout the year.Value-oriented investments have stabilised and shown improvement, while long-favoured growth-oriented peers have found less momentum in late 2019.“As we look toward 2020, a key consideration for us is staying on top of sector and regional rotations,” they said.last_img read more

Comments Sought on South Boston Scheme

first_imgNSTAR Electric Company, doing business as Eversource Energy Company, and the Harbor Electric Energy Company (HEEC), are seeking a permit from the U.S. Army Corps of Engineers, New England District to conduct work in the waters of South Boston, Massachusetts.Work is proposed in the Reserved Channel and Boston Harbor starting approximately 200 feet to the east of the Summer Street Bridge in South Boston and ending approximately 500 feet to the east of the Boston Harbor Main Shipping Channel Federal Navigation Project (FNP).The project purpose is to remove an approximately 8,000 linear foot section of the existing buried 115 kV electric HEEC cable and to cap and to abandon the remainder of this cable in place.The HEEC cable to be removed will be cut and extracted via 1) winching (direct pull); 2) loosening sediment around the cables using a hydro-donut and then winching; and/or 3) dredging overburden above the cables and then winching.According to the Corps, this project could involve dredging up to 16.25 acres of sub-tidal bottom within the Reserved Channel and Boston Harbor. HEEC is requesting approval to transport and dispose up to 235,251 cubic yards of dredged material to the Massachusetts Bay Ocean Disposal Site.The deadline for sending public comments on this work proposed by Eversource Energy Company and the Harbor Electric Energy Company is March 21, 2019.last_img read more

New Area Football Coaches

first_imgYesterday I reported that Purdue has found their new football coach.  IU was forced to promote one of their assistants to the head position because their current head coach was relieved of his duties due to allegations that he mistreated football players.  Some injured football players reported that they were forced to lift weights before they were cleared by the doctors to resume any physical activity.  When their starting quarterback said he would quit football before playing for Coach Wilson, the University acted swiftly in relieving Wilson of his job.The University of Cincinnati is also looking for a new coach because Tommy Tubberville apparently lost control of the program some time last year.  Even though Tubberville had a winning record over his tenure, the inability to win this year cost him his job.  Like most college situations, he resigned before he was fired.It will be interesting to see how these 3 programs respond next year.  Stay tuned.last_img read more

Metamora man arrested for burglary

first_imgFRANKLIN COUNTY, Ind. — A Metamora man was arrested after police say he burglarized a Metamora business.According to police, Ralph Edward Bannon, 38, is facing two counts of Burglary.The Franklin County Sheriff’s Department says deputies responded to Have-A-Bite restaurant in Metamora to investigate a complaint of a male attempting to enter the building after the restaurant was closed.Officers determined Bannon was trying to break into the business to steal multiple items.During questioning at the jail, investigators determined Bannon was also responsible for another burglary earlier in the year at the same restaurant.last_img

Ex-Super Eagles midfielder lauds Chukwueze’s performance against Celta Vigo

first_img Loading… He went further urging him to keep improving as well as work on his goalscoring capabilities. “Great performance from Samuel Chukwueze against Celta Vigo at the Estadio de Balaidos,” Adepoju tweeted. “What an exciting player he is! I hope he keeps improving as well as works more on his goalscoring abilities.” The ‘Head Master’ had earlier told Goal the U17 World Cup winner can get to a better level in Spain if he maintains his inspiring form. “Chukwueze is another young player who is doing well in LaLiga. I believe in the next one year, he’s going to explode if he continues that way,” he told Goal. read also:Kanoute tasks Villarreal’s Chukwueze to become more decisive “What happens to West Africans is that sometimes when you get to a certain stage, you believe that you’ve arrived, but if he keeps his cool and he continues progressing, developing the way he is, I believe he’s going to get into a big team which is going to make him explode at any given time.” The fixture against the Sky Blues was the 21-year-old’s 27th Spanish elite division game of the season where he boasts three goals – achieved against Celta Vigo, Real Betis and Granada. FacebookTwitterWhatsAppEmail分享 Former Super Eagles attacking midfielder and LaLiga Ambassador, Mutiu Adepoju, has described Villarreal’s Samuel Chukwueze as “exciting” following the Yellow Submarine’s 1-0 victory over Celta Vigo at the Estadio de Balaidos on Saturday night. Javier Calleja’s men came into the encounter with the ambition of returning to winning ways – having lost three successive league games before the coronavirus pandemic placed Spanish football on a hiatus. After a hard-hitting first half, super-sub Manuel Trigueros sealed all points at stake for the visitors in the 90th minute. For his contributions in 32 minutes, he recorded two shots, one shot on target, 14 passes and a 64.3 passing accuracy. Even at that, the former Real Madrid and Real Sociedad midfielder reserved special words of praise for Chukwueze, whose outstanding skills and athleticism caused Oscar Junyent’s men all manner of problems down the flank. Promoted Content2020 Tattoo Trends: Here’s What You’ll See This YearTop 10 Most Famous Female Racers Of All Time10 Phones That Can Easily Fit In The Smallest PocketThe Most Beautiful Middle Eastern Actresses10 Dystopian Movie Worlds You’d Never Want To Live InBest Car Manufacturers In The WorldWho Is The Most Powerful Woman On Earth?12 Marvel Superheroes Before The Fame7 Theories About The Death Of Our UniverseIt Might Be Quentin Tarantino’s Last MovieThe Very Last Bitcoin Will Be Mined Around 2140. Read More15 Extremely Surprising Facts About Disney Princesseslast_img read more

Lead changes in Modified feature are fast, furious at Arlington’s Josh Wren Memorial

first_imgARLINGTON, Minn. (July 16) – Kelly Shryock was the winner after five lead changes in Satur­day’s Xtreme Motor Sports IMCA Modified Josh Wren Memorial main event at Arlington Race­way.Already on the ballot for the Fast Shafts All-Star Invitational, Shryock earned $1,000 for a victory that was illuminated by a lightning display that eventually brought an early conclusion to the race program.The first race leader was Dan Menk, who took what became a commanding lead before a lap yel­low was thrown for Adam Hensel, who slipped off the track and went into the work area.Three restarts followed before Brandon Beckendorf was scored the leader for one lap, then went too high and off the track, causing another yellow.Menk returned to the front spot for the ensuing restart. Shryock had moved through the field from his eighth place start, got around Menk to take the lead and stayed in front to the checkers.Nick Helmbrecht passed Menk for second with five laps left. Beckendorf raced back to fourth and Tim Pessek rounded out the top five.Prior to the feature, fans released balloons in memory of Wren, who died last year of colon cancer at the age of 24. He’d raced go-karts and later Modifieds at Arlington, and was a long-time crew­man for his father Jerry.Feature results – 1. Kelly Shryock; 2. Nick Helmbrecht; 3. Dan Menk; 4. Brandon Beckendorf; 5. Tim Pessek; 6. Adam Hensel; 7. Jerry Wren; 8. Paul Stone; 9. Chad Porter; 10. Josh Larsen; 11. Jeff Coon; 12. Mark Weinzetl; 13. Trent Loverude; 14. Robert Theuringer; 15. Clint Hatlestad; 16. Tyler Limoges; 17. Jeff Maasch; 18. Travis Schurmann.last_img read more

Tokyo 2020 Olympic flame unveiled

first_imgRelatedPosts No cancellation of Olympics due to coronavirus, Tokyo organisers say Tokyo 2020 Olympic: Nigeria athletes to camp in Kisaraz City Tokyo 2020 Olympic stadium near completion  Tokyo 2020 has unveiled the Olympic Flame near the new National Stadium in the Japanese capital.The Olympic Flame has been placed at the Japan Olympic Museum and will be on public display from Tuesday. Tokyo 2020 President Yoshirō Mori and Japanese Olympic Committee President Yasuhiro Yamashita unveiled it during a small ceremony.The Olympic Flame kept at an undisclosed location in Japan back in April after being removed from public display as one of the measures designed to prevent the spread of coronavirus.It is set to be kept inside a lantern in the Olympic Museum, with visitors required to book in advance to see it.Restrictions on the number of entrants will be in place to reduce the risk of COVID-19 infections.The museum also features replicas of the Cauldron of each of the three Olympic Games Japan has hosted – Tokyo 1964, Sapporo 1972 and Nagano 1998. The Olympic Flame is expected to be moved to other regions prior to the Torch Relay, with the original Torch Relay schedule for the postponed Tokyo 2020 due to be maintained.Should organisers proceed with their original plans, the Torch Relay would last for 121 days.It would begin on March 25 at the J-Village National Football Training Centre in Fukushima Prefecture.The rescheduled Olympics are due to take place until August 8 next year, followed by the Paralympics from August 24 to September 5.Preparations have been rocked following the resignation of Japanese Prime Minister Shinzō Abe, however. The 65-year-old, who stepped down due to health reasons, had been Japan’s Prime Minister since 2012 and heavily backed Tokyo’s bid to host the 2020 Olympic and Paralympic Games.Tags: Tokyo 2020 OlympicYasuhiro YamashitaYoshiro Morilast_img read more

Champions League: Olayinka Scare for Inter at San Siro

first_imgNigerian forward, Peter Olayinka scored Slavia Prague goal in the 63rd minute of their UEFA Champions League clash with Inter Milan at the San Siro last night.The 23-year old Ibadan-born Olayinka, did great work down the right of the area before cutting back to Jaroslav Zeleny. His shot was parried out back to him before he lifted it this time into the roof of the net.The Czech Republic team was almost running away with their first UCL win since 2007 when Stefano Sensi’s powerful strike hits the face of the crossbar before bouncing up high for sub Nicolo Barella to volley for Inter’s equaliser.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img

On the Beat podcast: Midseason Grades

first_img Published on October 20, 2015 at 4:34 pm Comments AdvertisementThis is placeholder text This is episode No. 12 of the “On The Beat” podcast, where The Daily Orange beat writers discuss relevant topics in Syracuse football and men’s basketball.You can read all The Daily Orange’s coverage of football, including Syracuse-Virginia, here.If you have thoughts on the season, leave us a comment beneath the podcast. Thanks for listening.center_img Facebook Twitter Google+last_img