Netherlands roundup: BpfBouw appoints fiduciary for property investments

first_imgBpfBouw, the €63bn Dutch pension fund for the building sector, has appointed Russell Investments as fiduciary adviser for its €10.5bn real estate portfolio. Russell will monitor Bouwinvest, the scheme’s wholly owned property investor, and assess its investment proposals. It is the first time BpfBouw has selected an external manager for this task.David van As, BpfBouw’s director, said the appointment followed the scheme’s plans to increase its international property allocation through Bouwinvest.“This means we have to deal with other players and risks than within the Dutch context,” Van As said. “As a pension fund, we are hitting the limits of what we can assess ourselves.” BpfBouw is the fifth largest pension fund in the NetherlandsVan As rejected the suggestion that supervisor De Nederlandsche Bank (DNB) had played a role in the appointment of a fiduciary manager. Earlier this year, the trade journal Vastgoedmarkt suggested that DNB had been critical of Bouwinvest’s strategy to grow by using other pension funds’ assets.At the time, Dick van Hal, chief executive at Bouwinvest, had described the insinuation as “rubbish”.In the meantime, Bouwinvest has installed a new supervisory board (RvC), after the previous one resigned at the end of last year.PostNL invests €170m in European green bondsThe €8.6bn Dutch company scheme PostNL has invested €170m in green bonds – amounting to approximately 2% of its entire assets – through Dutch asset manager NN Investment Partners (NN IP). The scheme said it had divested from “ordinary” credit to fund the purchases.The investment was initially made in an NN IP fund comprising green bonds and government bonds. However, these assets would be invested in an exclusively green mandate as of 1 January, PostNL said.The scheme said it wanted to solely invest in European green credit as this market was the most advanced.The pension fund also highlighted that, by focusing on European green bonds, it could avoid incurring costs for hedging currency risk. In his opinion, keeping Bouwinvest at some distance from the pension fund also made sense from a professional point of view.last_img read more

Badgers get back to work

first_imgUW quaterback Scott Tolzien was surrounded by several new faces in the Badger huddle due to injuries against Iowa, but Wisconsin head coach Bret Bielema says all those hurt could be ready to play Saturday.[/media-credit]The past few weeks have been physically and emotionally draining for the Wisconsin Football team.But coming off the bye week, and some much-needed rest, the players seem rejuvenated and full of energy at practice, according to head coach Bret Bielema.“On Tuesday when I came into that meeting room I could really just feel the energy,” Bielema said.The players had a daunting task in front of them with games against Ohio State and Iowa, but UW got the job done and used the bye week to rest up for the final four games of the regular season.Getting healthy, ready for PurdueLooking to come out strong from the bye week should be made easier with the return of a few key players. Wide Receiver Nick Toon is one of many injured Badgers expected to return to the playing field against Purdue.“He has been at practice and looks good to go,” Bielema said.Also, it appears as though Lance Kendricks, Peter Konz, and Mike Taylor will all be back in action this Saturday as all three have shown signs of improvement.Running Back James White, who suffered a knee sprain early on against Iowa, has seen a faster than expected recovery. Bielema attributes the reason for such rapid improvement being a result of White receiving assurance of only minimal amount of damage to his knee. The coaches are going to be careful with White’s injury but the hope is that he can contribute Saturday against the Boilermakers.“I saw [White] run around on Sunday and he won’t be in full speed on Tuesday but hopefully he will by the end of the week,” Bielema said.The Badger offense will be looking for continued success after piling up 31 points on a stingy Iowa defense in their last outing. Saturday provides a different challenge in West Lafayette, but for Bielema and the Badgers the plan remains the same.“For us to have success this weekend, we are going to have to stick to our formula, and the formula doesn’t change, only the tactics,” Bielema said.Purdue is coming off of two difficult back to back road loses against Ohio State and Illinois, however the Boilermakers played well in their last home game against Minnesota.The Badgers understand the challenge any road environment presents, but after a week off and plenty of rest, Bielema expects his team to head to Purdue with a lot of energy.“We have to embrace the challenge again of going on the road,” he said. “Our kids are going to be excited to play.”Resilience under center An important aspect to the Badgers’ offensive efficient has been quarterback Scott Tolzien’s durability and resilience, both physically and mentally.Tolzien has proven he overcomes adversity and comes back strong. According to Coach Bielema, one of Tolzien’s idols is Brett Favre, for his perseverance and toughness to find a way to get back out there. Tolzien has some of that same fire to find a way to get on the field, not only in the game but in practice as well.“If I cut practice, I am going to have to answer to Scott. If I cut plays out or 5-10 minutes, he is going to want to know why,” Bielema said. “That’s what makes him who he is.”Focused on the task at handWith Iowa defeating Michigan State this past weekend, the Badgers are in a great position right now to be serious contenders in the Big Ten title race, which could land them in a BCS bowl game.The speculation and bowl projections are fun for fans to look at, but now more than ever, Bielema needs his team to embrace the 1-0 mentality.“If you don’t take care of business this week, then it is all for nothing,” Bielema said. “I think this group of guys probably gets that better than years past. The reason they are in the position they are in is they take it one week at a time.”last_img read more

U20 Women’s WCup qualifiers: Princesses cautious despite good form

first_imgThe Black Princesses have arrived in Senegal for the second leg of the first of FIFA U-20 Women’s World Cup qualifiers.Training begins later on Thursday.The Princesses had a 6-0 victory over Senegal in their previous match. The Black Princesses could face either Equatorial Guinea or Mali in the second round of qualifiers if they seal their victory over their Senegalese counterparts.Two teams will represent Africa at next year’s World Cup which will be staged in Papua New Guinea. Oduro Nyarko, a member of the team’s management committee expressed positive sentiment ahead of the game.”We would give everybody equal chance to play so we know each girls strength and weakness. We were very confident that we will create more scoring opportunities but we were also very careful not to be taking on the break.” Captain Fatima Alhassan also told Asempa FM: “We are well prepared and hopeful that we would win this game”. Assistant coach, Edna Yekeh, also pledged not to leave any stone unturned in their ambition to get the the global showpiece.Full squad in Senegal Victoria Adjei                                              Belinda AnaneAzume Adams                                            Gladys Amfoabea Fatima Alhasan                                           Wasilla Diwura SoareLardin Issaka                                              Rashida Abdul RahmanJane Ayieyam                                             Priscilla AdobeaFaustina Ampah                                          Rita DarkoNaomi Anima                                              Sandra Owusu Ansah Veronica Appiah                                          Lily Niber LawrenceVida Opoku                                                Kate Adu- Agyeman–Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more

Job Vacancy: Donegal nursing home seeks Staff Nurse

first_imgJOB VACANCY: A leading Donegal care home facility are seeking to recruit a staff nurse to join their professional, experienced and hardworking team.Management at St Eunan’s Nursing home, based on the Ramelton Road, Letterkenny need a registered NMBI nurse to join their workforce.St Eunan’s Nursing Home has earned a stellar reputation over the years for providing brilliant care to everybody who has attended their care home. Job Title: Staff NurseJob Requirements:It is essential to be registered as a Nurse with NMBI.Successful candidate needs to be reliable, professional, hardworking and efficient.Salary will be based on experience.If you’re interested in applying for this position then please e-mail your CV to the Director of Nursing at [email protected] alternatively by post to Director of Nursing, St Eunan’s Nursing Home, Ramelton Road, Letterkenny, Co Donegal. Job Vacancy: Donegal nursing home seeks Staff Nurse was last modified: May 15th, 2017 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:EmploymenthealthjobsNURSEnursing homeSt Eunan’s Nursing Homelast_img read more