Norwegian oil fund misses benchmarks in Q3 with 0.1% return

first_imgNorway’s Government Pension Fund Global (GPFG) produced a return of just 0.1%, or NOK15bn (€1.8bn), in the third quarter of this year, with both equities and bonds underperforming their benchmarks.While general economic and market conditions kept investment returns depressed, elements of the fund’s own strategy whittled returns still further.Yngve Slyngstad, chief executive at Norges Bank Investment Management (NBIM), which manages the former oil fund, said: “Increased geopolitical uncertainty in the vicinity of the euro area contributed to a negative return on European stocks.”Two quarters of strong returns for the GPFG had been followed by a virtually flat quarter, he said. “The US, on the other hand, emerged as the global growth engine, and US stocks produced a positive return,” Slyngstad said.The negative overall return on equities was cancelled out by a positive return on the fund’s fixed income investments.Between July and September, equity investments returned -0.5%, and fixed income investments 0.9%.NBIM said the return on these two asset classes had been 0.5 percentage points below the return on the benchmark indices. Real estate investments produced a 1.5% return.The main contributors to the weak return in the quarter were the fact the fund was overweight European and small-cap stocks, its investments in the consumer sector, lower duration on its fixed income investments and its investments in emerging bond markets, NBIM said.Slyngstad told a press conference that consumer services and consumer goods stocks had performed badly, with some its largest positions doing very poorly. Asked to specify which holdings he was referring to, Slyngstad said: “We are hesitant to comment on single investments in general, but it is clear our investment in the British company Tesco has performed particularly poorly during the course of the year.”Currency movements worked in favour of the fund during the quarter, with the krone having weakened against many of the main currencies.This increased the fund’s value by NOK5bn, and on top of this gain, NOK36bn of new capital was transferred to the fund from the Norwegian government.At the end of the September, the fund’s market value grew to NOK5.53bn, from NOK5.48bn at the end of June.Of this, 61.4% was invested in equities, 37.3% in fixed income and 1.3% in real estate.NBIM said the fund bought several new properties in Europe and the US during the quarter, in line with its strategy of slowly increasing the real estate allocation to 5% of the fund.“Our strategy is to invest in a limited number of cities around the world and concentrate on office and retail premises,” Slyngstad said.last_img read more

Sevilla lead race for Real Madrid youngster

first_imgSevilla head a list of clubs keen on landing Real Madrid teenage star Takefusa Kubo this summer and are already negotiating the deal. As reported by Marca via radio station Onda Cero, Sevilla are currently negotiating the cost and duration of the transfer with the Spanish champions.Advertisement It is claimed that the Andalusian club will originally sign the Japanese prodigy on an initial loan deal which they hope will include a purchase option next season, with it expected that there will be a future buyback option for Madrid in that arrangement. Loading… Promoted ContentThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreTop 10 Female Stars Everyone Had A Crush On In The 90sTop 7 Best Car Manufacturers Of All TimeWho Is The Most Powerful Woman On Earth?Playing Games For Hours Can Do This To Your Body8 Superfoods For Growing Hair Back And Stimulating Its GrowthThe Models Of Paintings Whom The Artists Were Madly In Love With6 Best 90’s Action Movies From Your ChildhoodWhich Country Is The Most Romantic In The World?7 Black Hole Facts That Will Change Your View Of The UniverseEver Thought Of Sleeping Next To Celebs? This Guy Will Show You7 Ways To Understand Your Girlfriend Bettercenter_img Read Also: Neymar wins French Cup final for PSGKubo, who has been nicknamed ‘the Japanese Messi’, then signed for FC Tokyo but he celebrated his 18th birthday last summer and was subsequently available to return to European football – with Madrid pouncing.The Japan Under-20 international was said to have caught the attention of sporting directors of ‘Europe’s biggest clubs’, including Barcelona, Paris Saint-Germain and Manchester City.FacebookTwitterWhatsAppEmail分享 The Japanese teenager starred this campaign on a season-long loan deal at Real Mallorca, scoring four goals and providing five assists across 36 appearances – including 24 starts.There were reports earlier this month that Real Sociedad were among the clubs hopeful of securing a loan deal for the player next season.Diario AS also report today that Real Betis are another club to have enquired for the Japanese star.The attack-minded Kubo spent four years in the Blaugrana’s La Masia youth academy but had to leave the club in 2015 when Barcelona were sanctioned for signing underage players illegally.last_img read more

Woodrow Smith February 6, 1940 – April 26, 2019

first_imgWoodrow Smith, age 79 of New Trenton, Indiana passed away Friday, April 26, 2019 in Harrison, Ohio. Born in Ogle Creek, Kentucky the son of Rev. Gayle and Hazel (Swafford) Smith.Woodrow married Nadine Broughton on December 24, 1960 in Barbourville, Kentucky. Worked as a Union carpenter for many years. Member of Smyrna Baptist Church New Trenton, Indiana.Woodrow is survived by his wife Nadine Smith of New Trenton, Indiana. Father of Sondra Smith, Danny Smith and Darrell Smith. Papaw of Stephanie, Devon, Garrett, Cameron, Morgan and Courtney. Great grandpa of Lillie, Colt and Brielle. Brother of Cloyd and Ruby Smith.Preceded in death by his parents Rev. Gayle and Hazel Smith, siblings RJ, Ethel, Honour and Chelsea Smith.Visitation will be held Wednesday, May 1, 2019 from 5:00 P.M. to 8:00 P.M. at Jackman Hensley Funeral Home 215 Broadway Street Harrison, Ohio 45030. Funeral Services will be Thursday, May 2, 2019 11:00 A.M. at Smyrna Baptist Church 4047 US 52 West Harrison, Indiana 47060 with Pastor Chuck McMahan and Pastor Shawn Crisman officiating. Burial will follow at Glen Haven Cemetery Harrison, Ohio.Memorials may be directed to American Heart Association and or Smyrna Baptist Church.last_img read more

ICC World Cup No pressure as only 1.5 billion people expecting India to win World Cup: Hardik

first_img New Delhi : The two-time World Champion, India has won its first two games against South Africa and Australia to occupy the fourth spot in the points table. With still seven league games to go, the cricket fanatics already have their hopes high. On this, the all-around Hardik Pandya has made light of Indians’ sky-high expectations from their revered cricket team, saying “maybe only 1.5 billion people are expecting” them to win the World Cup.The all-rounder has emerged as one of the biggest players in India’s quest to win their third World Cup.”(There is) no pressure because only maybe 1.5 billion people are expecting, so no pressure at all,” Hardik said in a video posted by the ICC.The 25-year-old said his sole objective is to win the World Cup.”On 14th July I want to have a Cup in my hand, that is the only thing. Even when I think of it it gives me goosebumps. My plan is simple – win the World Cup. I am hoping that and I expect that from myself,” he said.Hardik added, “(Playing for) India means everything to me, this is my life. I am someone who plays the game with love, passion and loves challenges. Three and half years I have been preparing for this, so the time has come.”The cricketer said the struggles he has faced during his journey have taught him to be happy irrespective of the situation.”I am a happy soul, I like to be happy no matter what happens in my life. Me and my brother (Krunal) were talking and he just mentioned that we, as brothers, are always happy about everything. “Because, for us, from where we have come, everything is a bonus.”He recalled India’s triumph in the 2011 World Cup and how he, then dreaming to one day play for the country, celebrated.”Few days back my friend sent me a picture and asked ‘if you remember this’ and I was like ‘I sure do’.”He clicked the picture of us celebrating after Indian winning the World Cup in 2011.And we were on the street because it was a festival. I have never seen so many people out in one night. It actually made me emotional.”Eight years down the line playing the 2019 World Cup, it’s been a dream. And my team-mates are my brothers,” Hardik said. India will play Pakistan on June 16 in Manchester. India is currently placed at number four with two wins in two games. New Zealand occupies the top spot in the points table.  For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.center_img highlightslast_img read more

Coleman improves after disappointing in season opener

first_imgDaJuan Coleman is placing most of his focus on two particular elements of his game: catching the ball deep in the paint and keeping it high once he has it.On Tuesday, he showed improvement in both areas. After finishing with a mere two points and four rebounds against Cornell, Coleman posted a double-double in No. 9 Syracuse’s (2-0) 89-74 win over Fordham (1-1) at the Carrier Dome in front of 22,667.“DaJuan played his game,” freshman forward B.J. Johnson said. “Came up big with some rebounds. He played very well.”Syracuse head coach Jim Boeheim said Coleman is a force down low and does a good job corralling rebounds. He had 10 against Fordham, seven of which came on the offensive glass.“He gets in the middle,” Boeheim said. “He gets his hands on balls.”AdvertisementThis is placeholder textLate in the first half, Coleman snatched a C.J. Fair miss. He missed a layup, but after the ball deflected off Jerami Grant’s chest, Coleman grabbed it and elevated to shoot.The shot swirled around the rim and fell. Coleman was fouled and his free throw extended SU’s lead to 42-19.There were times when Coleman was inefficient, though.On one play in the second half, he started with the ball 3 feet outside the paint and thumped his way inside and forced a shot.Assistant coach Mike Hopkins, who works with Coleman in practice, stood up and swung his fist. Hopkins seemed to be half excited about the move and half frustrated with the shot selection and that Coleman didn’t finish.Coleman said he’s working on positioning himself deeper inside so he can rise up to the basket and not have to make an unnecessarily complicated move to get toward the rim.“The further I get it the easier it’s going to be to score,” Coleman said.Coleman finished 3-of-6 on Tuesday, and all of his field goals came in the paint.“That’s the way it should be,” Boeheim said. “If anything, he worked too much away from the paint.” Comments Facebook Twitter Google+ Published on November 13, 2013 at 12:58 am Contact Trevor: tbhass@syr.edu | @TrevorHasslast_img read more

Advertorial: C’mon Out to the Country at Countryside Motors

first_imgby Jeff Jesina, Countryside Motors — When I drive by Countryside Motors I often ask if prices and financing offers in Wellington can really be as good as they are in Wichita, Kansas City or at any of the other big superstores.   What I’ve learned is that the answer is a resounding yes!  Countryside Motors participates in all of the same promotions as the other GM, Polaris and Hustler dealers around the country.  What that means is that any Chevrolet or Buick offer you see advertised, Countryside can match.The same is true for Polaris and Hustler Mowers!    I also learned that if Countryside Motors didn’t have exactly what I wanted, they can usually get it in a couple of days!   Countryside Motors has also updated their website and has made it easier than ever to understand how to get to their best price!   To see for yourself go to www.countrysidemotors.net or call 620-326-7433 or toll free 800-313-2438.Since Countryside operates right here in southern Kansas they also have a great understanding of the needs of the market area.   For instance, the sales specialists will make sure you spec the right axle ratio in your pickup for pulling your cattle trailer or maximizing your fuel usage on the open road.  Need a fast car? a great mileage car? an SUV? or even a mini-van?It’s all at Countryside Motors.  Need help picking out the perfect Polaris utility vehicle that can pull your sprayer, take you hunting or provide you hours of fun, no problem.   They can also help you identify the perfect size Hustler Mower to take care of your yard in town or to mow your 10 acres in the country.   Even more importantly, the factory certified technicians at Countryside understand exactly what your vehicle needs to keep running smoothly in a frigid, rural Kansas winter (like today) or the scorching summer.The staff at Countryside understands this market so well because they may also be your neighbor.  The folks at Countryside come from all around the area.   I met Janet Page, Zach Mendez, Shanyn Jones, Randy Boatright, Chris Bryant, Mary Wakeman, Albert Johannson, Eldon Cook, Josh McClure, Anita Patton, Kendall Oneal, Scott Harvey and Rich Jesina who live right here in Wellington.  Then Chris Jesina, Kristi Jesina, and Ron Rowe live down in Caldwell.   I found that Steve McKaig comes from over in Oxford, Lindsey Kolter is up in Douglass, Kent Lawless is by Mulvane, Dave Harden is in Rose Hill and Richard Ohl comes from Conway Springs.  The entire team from Countryside literally surrounds Wellington!   Because the team at Countryside are your neighbors, you won’t find any high pressure, fast talkers in the bunch.So next time you think you need to drive a long way to get the best price or lowest finance rate stop by Countryside Motors first and see your friendly neighborhood team!   When you need any sort of repair or even just a check-up for your vehicle stop by and see Ron Rowe in the service department.  He’ll even arrange a ride for you if don’t want to wait.Better yet check out the website www.countrysidemotors.net from the comfort of your home for special pricing on products and services!   You will be pleasantly surprised at what Countryside Motors can do for you!So in 2014, C’Mon Out to the Country and see what’s newlast_img read more

Anonymous NFL player suing United Airlines; alleges sexual assault, harassment on airplane

first_imgBreaking: A NFL player is suing @United Airlines, alleging that he was sexually assaulted & harassed multiple times by a woman on a recent flight. The lawsuit states United Airlines failed to properly respond during the flight, and failed to cooperate with authorities. pic.twitter.com/oS4DJZlc7V— Master (@MasterTes) May 20, 2020The lawsuit alleges that the woman made “multiple unwanted sexual advances” during the flight. The flight attendants eventually moved the woman, described as a middle-aged Caucasian, after the fourth complaint from the player. The unidentified NFL player and “John Doe 2” are seeking compensatory and punitive damages.A statement I received from attorneys Darren Darwish and Benji Azizian: pic.twitter.com/5LxX2BblLr— Master (@MasterTes) May 20, 2020The lawsuit leaves the player unnamed, while a second (“John Doe 2”) is also part of the lawsuit.According to Tesfatsion, the woman told the player he looked “frightening” while wearing the mask, which was worn to protect against the novel coronavirus. The player also said the woman was potentially intoxicated when the incident took place. An anonymous NFL player has filed a lawsuit against United Airlines, according to Bleacher Report’s Master Tesfatsion.According to the report, the player, who was on a red-eye flight from Los Angeles to Newark, N.J., in February, was approached by a woman in his aisle who ripped off his protective mask and grabbed the man’s penis. The player is alleging that the airline did minimal to “properly respond” during the flight.last_img read more

Ginebra PBA provincial games ‘coincidental’ but Willie Marcial happy for them

first_imgDon’t miss out on the latest news and information. Pia Wurtzbach with the entire Barangay Ginebra team during the opening ceremony of the 2019 PBA season. Photo by Tristan Tamayo/INQUIRER.netMANILA, Philippines–Barangay Ginebra as the PBA’s Kings of the road?If the schedule of road games in the Philippine Cup is to be used as basis, it may seem so as the Gin Kings will be booked for three of the four out-of-town matches scheduled.ADVERTISEMENT The Kings will also play in Davao del Sur, where they will collide with Blackwater on Feb 9. Their last road game will be on March 23 against NLEX at Angeles University Foundation in Pampanga, another match moved out of town due to venue and schedule conflicts.Marcial, however, is happy things worked out that way.“It’s no secret that our fans outside Manila have always clamored for a Ginebra game and I guess, this is an opportunity for them to be able to watch Ginebra live,” said Marcial. “So in a way, I’m happy that we suddenly find ourselves with a lot of Ginebra games in the provinces.”Every Ginebra game out of town represents a big sacrifice for the PBA, which earns more when the Kings play in Metro Manila. That, plus the fact that the league wants equal exposure for all of its teams in provincial sorties, limits the chances to send Ginebra out of town.The only out-of-town schedule this conference without the Kings will be on March 16, when San Miguel Beer battles Phoenix in Panabo City, Davao del Norte.ADVERTISEMENT Ginebra beats Meralco again to capture PBA Governors’ Cup title In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Japeth Aguilar wins 1st PBA Finals MVP award for Ginebra Philippine Army to acquire MANPADS, self-propelled howitzers Tom Brady most dominant player in AFC championship history Gilas with two injured big men as next Fiba window nears LATEST STORIES MOST READ Sports Related Videospowered by AdSparcRead Next Nadine Lustre’s phone stolen in Brazil Ginebra beats Meralco again to capture PBA Governors’ Cup title Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college But as glad as he is that things worked out that way, commissioner Willie Marcial said the league’s most popular team going on the road that many times is a mere coincidence—a product of schedule and venue conflicts.“It’s a result of several factors,” said Marcial. “Hindi namin sinadya.”FEATURED STORIESSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissSPORTSCoronation night?SPORTSThirdy Ravena gets‍‍‍ offers from Asia, Australian ball clubsHe added: “For example, the game between Ginebra and Rain or Shine was supposed to be held in Guam. But because of a tight schedule for certain requirements, we were not able to push through with it. And it would be impossible already to squeeze it into the Metro Manila schedule.”Instead, the Kings will play at Calasiao Sports Complex in Pangasinan on Jan. 26. View commentslast_img read more