November 17, 2020

Amundi buys majority stake in Kleinwort Benson Investors

first_imgYves Perrier, Amundi’s chief executive, noted the acquisition was in line with its desire to grow assets under management, announced after its IPO.Amundi has previously spoken of a desire to reach €1trn in assets under management by the end of 2016.Acquiring KBI will add €7.6bn in assets to Amundi’s €987bn.Discussing the deal, Perrier said: “It will strengthen our offer with a complementary and well-performing equity expertise that will benefit our clients in Europe, Asia and the Middle East.”Sean Hawkshaw, chief executive at KBI, praised its “highly regarded” new owner.“The combination of Amundi as a majority shareholder and a meaningful stake held by key employees offers an ideal ownership structure to continue to develop the firm while allowing us to deliver the best possible investment returns and service for our clients globally,” he said. As part of the deal, Amundi and Oddo & Cie have agreed to cooperate on the cross-selling of products.The deal comes only a few weeks after Oddo & Cie finalised the acquisition of BHF KB.Oddo de-listed BHF KB from the Brussels stock exchange in mid-March. French asset manager Amundi has acquired a majority stake in Kleinwort Benson Investors (KBI), months after the manager’s parent company was acquired by Oddo & Cie.KBI’s management team will acquire a 12.5% stake in the company, with the remaining stake owned by Amundi.Financial terms were not disclosed.The BHF Kleinwort Benson Group (BHF KB) subsidiary is based in Dublin and operates two offices in the US – in Boston and New York, respectively.last_img read more

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​LD picks Nordea for DKK1.2bn sustainable global equities; Impax exits

first_imgThe environment and climate mandate is currently in the hands of Impax Asset Management, which took over the management of the sub-fund in January 2011.Charlotte Mark, LD’s finance director, said: “Nordea has a strong team with many years of experience, and we find it very positive that Nordea is strengthening environment and climate through active ownership.“Experience, stability, commitment to ESG and ESG integration in stock selection, together with active ownership, have been important parameters for our choice,” she said.The tender was launched in June, dubbed the “Positive Pursuits” mandate, with LD searching for a manager offering global equity investment aligning with the criteria of the non-profit organisation Future-Fit, by creating positive impacts, by amplifying the positive impact of others, or by reducing negative impacts.LD Funds said it had been crucial in the selection process that the new investment adviser should have an understanding of the active ownership cooperation it had established with Future-Fit.When it announced the link up with Future-Fit, LD Funds would expect all its managers to promote use of the foundation’s tool to help companies progress towards the UN’s global sustainability goals.Mark said the bidding round for the DKK1.2bn mandate had been “intense and exciting”, and that the array of bidders had been strong.“Today there are many new and experienced managers in the field of sustainable investment, which makes it possible to have fairly ambitious goals,” she said.Lønmodtagernes Feriemidler is a new fund currently being set up by LD Funds to hold and invest extra holiday allowances Danish employers are having to grant as a result of a change in employment law.The fund is being run alongside the pension fund Lønmodtagernes Dyrtidsmidler which LD was originally set up to manage. This fund is gradually shrinking, deriving from cost-of-living allowances given to workers in the 1980s.LD Funds is expecting to launch several tenders in the next year or more largely due to requirements of the new holiday fund.It is preparing the scope for new mandates to replace existing contracts expiring in 2020.Due to uncertainty about the size of the holiday allowance fund, the number of mandates is still unknown, but LD says it will potentially launch searches for a quant strategy and a couple of fundamental active managers. In Denmark, Nordea Investment Management has been awarded an active global equity mandate worth an estimated DKK1.2bn (€161m) from LD Funds, which is to be run with an impact or sustainability investment strategy.Copenhagen-based LD Funds, which is responsible for the pension funds Lønmodtagernes Feriemidler and Lønmodtagernes Dyrtidsmidler, announced it had awarded the contract to the Nordea unit following a public EU tender in which 17 offers were received.The mandate is for up to five years, plus two additional 12-month extensions, with LD remaining able to terminate at any point.The initial assets Nordea will be taking over when the contract begins in the first quarter of next year are those of the LD Funds’ DKK550m LD Environment and Climate sub-fund, and more resources will be added in time as the needs of the two funds LD runs change.last_img read more

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Imama Amapakabo picks Nwakali, Awoniyi, 19 others for U23 AFCON

first_imgRelatedPosts Abia Warriors appoint new head coach Yobo doesn’t need coaching experience to be on Eagles bench — Bosso U23 AFCON: Olympic Eagles gun for Elephants Head Coach Imama Amapakabo has named team captain Azubuike Okechukwu, defenders Anthony Izuchukwu, Sincere Seth and Olisah Ndah, midfielders Kelechi Nwakali, Muyiwa Olabiran and Ndifreke Effiong and forwards Taiwo Awoniyi and Orji Okwonkwo in his final list of 21 players to defend the U23 Africa Cup of Nations title in Egypt next month.Nigeria, champions of the second edition of the competition in Senegal four years ago, will seek to retain their title when the third edition of the championship flags off in Cairo on November 8.The Olympic Eagles are housed in Group B and will contend with Cote d’Ivoire, Zambia and South Africa in that order at the Al Salam Stadium.Hosts Egypt head Group A that also has Ghana, Cameroon and Mali with matches to hold at the Cairo International Stadium.Nigeria’s first match of the campaign is against Cote d’Ivoire on November 9.The top three teams at the eight-nation finals will qualify to represent Africa in the Men’s Football Tournament of the 2020 Olympics in Tokyo, Japan.Amapakabo also picked goalkeeper Adamu Abubakar, defender Josiah Chukwudi, and lively attacking midfielders Ndifreke Effiong, Tom Dele-Bashiru and Sunusi Ibrahim.21 OLYMPIC EAGLES FOR U23 AFCON TITLE DEFENCE IN EGYPTGoalkeepers: Adamu Abubakar (Wikki Tourists); Mohammed Galadima (Nasarawa United); Kingdom Osayi (Giant Brillers).Defenders: Olisah Ndah (Remo Stars); Samuel Atavti (Esperance FC, Tunisia); Valentine Ozornwafor (UD Almeria, Spain); Sincere Seth (Boluspor FC, Turkey); Josiah Chukwudi (Spartak Tranava, Slovakia); Anthony Izuchukwu (Nest Sotra, Norway); Bitok Stephen (FC Isloch, Belarus).Midfielders: Sunusi Ibrahim (Nasarawa United); Aliyu Yau Adam (Spartak Jurmala, Latvia); Muyiwa Olabiran (Tambov FC, Russia); Kelechi Nwakali (FC Huesca, Spain); Ndifreke Effiong (Akwa United); Sunday Faleye (Wacker FC, Austria); Tom Dele-Bashiru (Watford FC, England); Azubuike Okechukwu (Basaksehir FC, Turkey).Forwards: Orji Okwonkwo (Bologna FC, Italy); Taiwo Awoniyi (FSV Mainz 05, Germany); Bright Enobakhare (Wolverhampton Wanderers, England). Tags: Imama AmapakaboU23 AFCONlast_img read more

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New Everton deal for Naismith

first_img The 28-year-old Scotland international, who joined the club in 2012, has scored six goals this season. The most recent was in their last match – a 3-1 Barclays Premier League win over QPR. Naismith told evertontv: “I am so happy here. From the moment I signed my first contract here it wasn’t long before I saw what a great club it was. Press Association “Over the months and years it has progressed into a fantastic move for myself on and off the park. I am delighted to have agreed an extension which will keep me here for a few more years yet. “When you come to the last 18 months of your contract, negotiations start happening and it was pretty relaxed and straightforward because I have loved my time here and this season and last season you have seen the best of me – hopefully there’s more to come. “I think I have felt more wanted in recent times than at the start of my Everton career. Confidence has grown, I have put in some good performances and we have had a successful time as a team as well. “I would say it is probably the best form of my career. I understand the game more, I understand what the manager is wanting from me and I have played in a few different roles and contributed in those roles. It’s definitely the most consistent I have been.” center_img Steven Naismith has signed a three-year extension to his Everton contract, committing him to the club until the summer of 2019. last_img read more

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Who could be Manchester United’s marquee man? – Five likely targets

first_imgLouis van Gaal’s admission that Manchester United need a player with “speed and creativity” opens the debate as to who the Dutchman may pursue. slide 1 of 1 Twitter Gareth Bale slide 1 of 1 Harry Kane's first-half goal saw Tottenham edge to victory over Sydney FC 1/1 Whatsapp 1/1 Twitter Gareth Bale Close Cristiano Ronaldo Another Real man who continues to be linked with Old Trafford, Wales international Bale endured a difficult second season in the Spanish capital after scoring in a victorious Champions League final in the first. Boos from the Madrid fans gave the impression all was not well, and his pace and direct style would certainly fit in with what United and their fans crave. There has been no suggestion of Real wanting to sell, though, and Bale has been a firm fixture throughout their pre-season commitments. Email Pedro Rodriguez Ledesma of FC Barcelona celebrates scoring their third goal Gareth Bale Whatsapp Close slide 1 of 1 Getty Images Pedro Rodriguez Ledesma of FC Barcelona celebrates scoring their third goal Getty Images 1/1 Gareth Bale – Real Madrid Pedro Rodriguez Ledesma of FC Barcelona celebrates scoring their third goal Harry Kane’s first-half goal saw Tottenham edge to victory over Sydney FC Harry Kane's first-half goal saw Tottenham edge to victory over Sydney FC Twitter Gareth Bale Targeted: Thomas Muller Pedro Rodriguez Ledesma of FC Barcelona celebrates scoring their third goal Targeted: Thomas Muller Email Cristiano Ronaldo Pedro – Barcelona Perhaps the easiest of the deals to be done, Barcelona forward Pedro has been linked with United all summer and a deal seems possible. Pedro has found opportunities in Barca’s frontline harder to come by since the arrival of Luis Suarez and his pace and eye for a goal would vastly increase United’s options. Getty Images Facebook Whatsapp Harry Kane – Tottenham Kane is certainly not a free-spirited player but his ability to make something out of nothing in the penalty area would appeal to many United fans. He scored 32 goals for club and country in a break-out season last term and, although Tottenham have shown no willingness to sell, the Old Trafford club would currently offer Kane a higher level of football to play at. Close Twitter Pedro Rodriguez Ledesma of FC Barcelona celebrates scoring their third goal Close Cristiano Ronaldo – Real Madrid The most obvious target but most probably the hardest to secure. Ronaldo made his name as a Manchester United player in a terrific six-year spell as David Beckham’s heir apparent in the number seven shirt. Talk of a return from Madrid – where he has established himself as one of the world’s two best players – has never really gone away and United’s best chance may come in the form of his advancing years. Ronaldo is now 30 and Madrid may reach a point when they think their man is worth as much as he is ever going to be. Getty Images Gareth Bale Press Association Harry Kane’s first-half goal saw Tottenham edge to victory over Sydney FC Facebook Harry Kane’s first-half goal saw Tottenham edge to victory over Sydney FC Targeted: Thomas Muller Targeted: Thomas Muller Cristiano Ronaldo Targeted: Thomas Muller Facebook 1/1 Facebook Close Thomas Muller – Bayern Munich Described as priceless by his chairman at the weekend, Muller is no stranger to Van Gaal’s methods having played under him for Bayern. A rangy forward with an uncanny ability to always pop up in the right place, he has been a star of two successive World Cups at the age of 25. He many not possess the direct threat of a Ronaldo but would undoubtedly vastly improve United’s attacking options. Cristiano Ronaldo Whatsapp Cristiano Ronaldo 1/1 slide 1 of 1 Email United have done plenty of business already this summer but Van Gaal’s stated admiration of game-changing players in the mould of Gareth Bale and Arjen Robben, and even Lionel Messi and Cristiano Ronaldo, shows he has not yet settled on his current squad. Here, we look at some possible contenders to be United’s ‘marquee’ man. Facebook Email Twitter slide 1 of 1 Whatsapp Emaillast_img read more

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Johnson ready to take on rival conference foe Minnesota

first_imgFresh off a series sweep over Minnesota State this past weekend, beating the Mavericks 3-0 Friday night and 5-1 Saturday, the Wisconsin women’s hockey team will shift its focus to the squad’s preeminent foe, No. 1 University of Minnesota (2-0). It’s a rivalry that has the attention of both the coach and the players.“[The players] know what’s at stake,” head coach Mark Johnson said at his weekly press conference Monday. “My job starting today is to make us a better hockey team in some of the areas we need to improve to get ready for Friday night.”The No. 6 Badgers (2-0, 2-0 WCHA) will find two-time defending national champions in Minneapolis; a Gophers team that has not lost a game in their past 51 contests. Their undefeated stretch includes handing Wisconsin a defeat in the 2012 national championship game, which helped launch them to a perfect 41-0-0 season last year.Minnesota will have to play without several players including star forward Amanda Kessel, who is currently training with the women’s national team in preparation for the 2014 Olympic Games in Sochi, Russia. Johnson recognized there are significant changes in-between last season’s undefeated Gophers and this season’s squad.“As a coach, your preparation is going to be a little bit different if the other team loses a special player like that,” Johnson said. “It presents different challenges and it presents different opportunities for other players to get more ice time and show their coaching staff what they can do.”Johnson also emphasized it is not just Minnesota that is missing a key skater this season since the Olympics affect all the top teams in the nation. He added the Badgers are also learning to play without their star forward Brianna Decker, who graduated a year ago and is now practicing alongside Kessel for Team USA.Johnson said it is easy to get his team excited for match-ups like this weekend against Minnesota because of the two teams’ shared history. He expects both high intensity and high quality hockey throughout the two-game series.That said, Johnson said he looks forward to seeing how his players will respond and handle the setting, particularly the freshmen.“I’m excited because they’ve stepped in, they’ve eaten up some minutes, they’ve conducted themselves in a real positive way, and they’ve made a contribution,” he said. “Now there [is an] opportunity for us as a team to see how they react in a hostile environment.”Johnson was impressed with the play of his upperclassmen this past weekend, as well as how the senior players are fulfilling leadership roles at the same time. Senior captain Alex Rigsby was a wall between the pipes against Minnesota State, allowing just one goal in two games and recording 51 saves on the weekend, 28 on Saturday and 25 on Friday.“Alex played well in the net both nights. Most nights that she’s in the net, she’ll give us an opportunity to win,” Johnson said. “She’s been very consistent over the course of her tenure here.”Entering his 11th season as head coach, Johnson said he was impressed by his team’s ability to perform despite a quick series, playing a Friday night and Saturday afternoon game.Leading the offensive charge was redshirt junior Brittany Ammerman, who scored once on Friday and found the twine twice on Saturday. Johnson said he was encouraged to see her have a strong start to the season, especially since the forward sustained a concussion early last season that kept her from returning.Senior forward Madison Packer also had a successful weekend, netting a goal in Saturday’s win. She also tallied an assist in Friday night’s victory. The aggressive Badger has had an injury-laden career, but her coach has high hopes for her health and performance this year.“I think a lot goes to her character and her willingness and, probably most importantly, her love and passion for the game of hockey. She enjoys playing,” Johnson said. “I’m just hoping she stays healthy this year and has a great season for us.”last_img read more

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Track and Field: Badgers put up impressive performances at Arizona’s Sun Angel Classic

first_imgThe University of Wisconsin men’s and women’s track and field teams competed at the Sun Angel Classic over this past weekend in Tempe, Arizona. Both teams had several stand-out performers who put the competition on notice both Friday and Saturday.Friday started with several impressive finishes for the men’s team, as freshman Kavanaugh FitzPatrick and junior Tucker Wedig both had top-five finishes in the 3000-meter steeplechase and hammer throw, respectively. The day was topped off with a first-place finish for freshman Austin Glynn in the hammer throw finishing with a heave of 201 feet, 7 inches (61.44m).On the women’s side, freshmen Hailey Orlowski and Jordan Hirsbrunner both finished top-five in their events. Orlowski’s best pole vault — 12-foot-half-inch (3.67m) — was good enough for third place in the competition, while Hirsbrunner finished fifth in the long jump with a 17-foot, nine-inch (5.41m) performance.After such an impressive showing Friday, it was surprising to see an improvement from the team as a whole during Saturday’s competition as the bar was already set high. The men’s track and field team had seven athletes finish in the top ten of their events, including junior Rashid Coulibaly, who posted a third-place finish in the pole vault with a clearance of 17-foot, five and three-quarters inches (5.33m).As for the women, they had nine top-ten finishes, including a second place finish for sophomore Rayce Albino in the pole vault with a 13-foot, one and three-quarter inch (4.01m) clearance.Men’s basketball: Tournament disappointment, Ethan Happ’s departure present Wisconsin with opportunity for extreme makeoverFriday, March 22 was an overwhelming day for the University of Wisconsin men’s basketball program. The Badgers’ 72–54 loss at Read…Sophomore Meagan Blair had two top-ten performances on her own, as she finished in sixth place for the long jump and fourth in the triple jump.The women’s team also performed extremely well in the 4×100 and 4×400 relay races. In the 4×100 relay, Meagan Blair, sophomore Gabby DesRosiers, freshman Armoni Brown and senior Ebony McClendon finished in fourth with a 45.71 second relay time, which also ranks third-best in school history.In the 4×400 relay, DesRosiers, junior Haley Lubow, freshman Morgan Parzych and sophomore Bianca Stubler combined to run the 1600 meters in three minutes, 44.46 seconds. That finish by the quartet was good enough for ninth place on the day, as well as the ninth-best time in school history.With the Badgers’ impressive team performance, there will definitely be excitement built up between now and their next meet. Both the men’s and women’s squads will participate in the Bryan Clay Invitational from April 17 to 19 and the Long Beach Invite from April 18 to 20. Both competitions will take place in California.last_img read more

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Second U21A county hurling semi final takes place

first_imgThe second of the U21 A Hurling semi finals takes place this afternoon.It’s a 24 hours turnaround for Clonoulty Rossmore, who were crowned West champions yesterday.Today they face Kiladangan in Templetuohy at 1.30 – the winner will play Holycross Ballycahill in the final.last_img

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Olukokun Dashes Alimi’s Hopes of VAT Wonder Goal Double

first_imgSunshine Stars Sikiru Alimi was coasting to his second win of the Nigeria Professional Football League (NPFL) VAT Wonder Goal award but was edged by Nasarawa United’s Najeem Olukoku who secured higher votes on the website platform. It would have been a record win for Alimi this season after he was voted the winner of the Match-day 16 award.Alimi’s goal secured the highest votes on twitter, polling 187 of the 519 votes while Najeem came second with 156. Other nominees, Reuben Bala of Plateau United and Seka Pasca of FC IfeanyiUbah ended with 88 votes each.But it was on the website that attracted more voters that Najeem had his way securing a whopping 3303 votes to Alimi’s equally impressive 1057 votes. Bala had 50 votes while Seka could only muster 22 votes. In all, there were 4951 fans who voted across both platform and Najeem clinched the award with 3460 votes with Alimi trailing him in second place with a total of 1244. For Bala, the total votes came to 138 and Seka 110.Najeem is the first Nasarawa United player to top the awards since it was instituted three seasons ago and will receive a cash reward of N150,000, half of which will be donated to a Charity organization he will nominate from the city where the club is based.He joins the elite list that includes Rivers United duo of Emeka Ogbugh and Sochima Elum, Alimi, Rangers duo of Kelvin Itoya, and Tope Olusesi and Sikiru Olatunbosun of MFM that have won the award this season.The award will presentation ceremony will hold at the Lafia Township stadium on Sunday when Nasarawa United hosts Enyimba international on Match Day 24.The VAT Wonder Goal is an initiative of the League Management Company (LMC) to extend club and community engagement through charity. It has been supported by the Federal Inland Revenue Service (FIRS) as part of its tax education campaign to enlighten citizens on the benefits of fulfilling their tax obligations.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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GFA Congress: Clubs vote to adopt new GFA statutes

first_imgDelegates have voted to adopt the new statutes of the Ghana Football Association (GFA) at Thursday’s Extraordinary Congress.Amendments were made to Articles 26 and 37 which deal with the composition of the Congress and the term limits of the Executive Council members respectively.Following a short delay due to some confusion over the method of voting, 115 of 123 members voted in favour of the adoption of the draft statutes.The tenure of the GFA President has now been limited to two terms of four years each.The number of delegates in Congress has also been reduced to 120 with PFAG’s representation down from 6 to 2 while the Regional Football Association’s representatives rise to 20.New statutesIn July, FIFA approved the recommendations made to the statutes of the GFA.Dr. Kofi Amoah had said earlier in an interview with GTV Sports that FIFA had assessed the recommendations for the statutes and what that would mean for the start of football in Ghana once again.‘Not invited’Absent from today’s Congress are persons who were caught in the exposé by investigative journalist Anas Aremeyaw Anas after they were barred from attending.A statement signed by the association’s Deputy General Secretary, Alex Asante, the GFA said the decision was pursuant to a decision of the GFA Executive Committee on June 5, 2018, which asked all persons implicated in the Anas documentary to step aside until the Ethics Committee decided on their conduct.Normalization Committee namedThe Normalisation Committee was set up by FIFA in September 2018 to run Ghana football in an interim capacity to replace the erstwhile Executive Committee of the disgraced Ghana Football Association.This was after investigative journalist Anas Aremeyaw Anas’ uncovering of corruption in Ghana football which led to former President of the GFA, Kwesi Nyantakyi, resigning and being banned for life from all football-related activities at both national and international level.FIFA named ex-Kotoko Board Member, Kofi Duah Adonteng as one of the members of the Normalization Committee in September 2018.He was however later replaced by ex-Ghana international Samuel Osei Kuffour.Another member of the Committee, former Airtel CEO Lucy Quist also left the role  for “personal reasons.”The Committee is currently chaired by Dr. Kofi Amoah, and also includes Naa Odofoley Nortey, a board member of the Attorney General’s department.Core mandateTo run the GFA’s daily affairs and cooperate with the special task force once it has been set up by FIFA, CAF and the Government of Ghana.To review the GFA statutes to ensure compliance with the requirements of FIFA and CAF, particularly Article 15 of the FIFA Statutes; and, once the GFA statutes meet the requirements of FIFA and CAF.To organise and conduct elections of a GFA Executive Committee on the basis of the revised GFA statutes.It was initially handed a six-month mandate, ending March 31, 2019.However, due to its inability to complete its core duties of reviewing and organizing fresh elections for a new GFA President and Executive Committee while also managing the day-to-day affairs of Ghana football, it had its tenure extended by FIFA.last_img read more

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