Mandate roundup: VER, Pantheon, Danske Capital, William Blair

first_imgThe pension fund was pleased with Pantheon because of its “investment expertise and reach, long-standing presence in Asia and the emerging markets, and its dedication to responsible investment”, she said.In other news, Danske Capital has picked Chicago-based investment bank and asset manager William Blair to manage an emerging market equities mandate.William Blair said it would manage the mandate under its emerging leaders growth strategy, which uses a fundamental, bottom-up approach.The strategy invests in equities from high-quality large and medium-sized capitalised emerging market companies with above-average growth potential and profitability, it said.It is managed by Todd McClone and Jeff Urbina.Neither party would disclose the size of the mandate.Tom Ross, head of European distribution at the Chicago-based company, said the win reflected the “significant interest” William Blair had received from European institutional investors because of its long record on managing unconstrained equities strategies. Finnish State Pension Fund VER (Valtion Eläkerahasto) has awarded a €100m mandate to private equity firm Pantheon.The mandate is a customised private equity mandate, covering emerging markets, and is VER’s first emerging market private equity investment mandate. The strategy will be managed by Pantheon, with commitments being made over the next 3-4 years to a diversified portfolio of primary private equity buyout and growth funds across Asia and the emerging markets.Maarit Säynevirta, responsible for alternative investments at VER, said: “We launched a broad global public tender for this mandate in 2013, and this is the first time we elected to choose a manager for a separate account.”last_img read more

ITS working to improve USC wireless

first_imgWireless Internet at the University Park Campus and the Health Sciences Campus is being upgraded and should already be providing a stronger, more reliable connection in some locations, according to Information Technology Services officials.ITS, which first announced its wireless initiative in April, began working with the Undergraduate Student Government and the Strategic Technology Forum over the summer to understand student concerns about wireless  Internet on campus and to search for the best solution, said Kevin Durkin, director of communications and marketing for ITS.“We heard loud and clear that the No. 1 interest for most people is to have better wireless,” Durkin said. “That will definitely happen with this [initiative].”ITS and USG have not had a close relationship in the past, said Chris Cheng, USG president, but after hearing many students express the need for better wireless Internet on campus during his presidential campaign, Cheng immediately planned meetings with ITS after the election.“We want to make wireless ubiquitous across campus,” Cheng said. “[ITS is] very supportive of the student government and we can appreciate that a lot. It’s been going extremely well.”The increased use of mobile devices has forced ITS to look at newer technology to accommodate for laptops, mobile phones and other devices that access wireless Internet on the USC campuses, Durkin said.“What really drove this frankly was really student use and faculty use,” Durkin said. “Most, if not all users, rely more on the wireless network [than Ethernet].”ITS and the Strategic Technology Forum, an advisory board of IT leaders across campus, chose a new wireless infrastructure at the beginning of summer with plans to double the number of university access points by the end of the calendar year. The old equipment supported 1,578 access points, and the new infrastructure will replace those existing access points and install more.“This new equipment is really a leap from our old equipment,” Durkin said. “All 3,500 new access points are much better than the previous kind.”More than 35,000 devices have already used the new access points that have been installed. ITS does not yet have an exact number of how many new access points have been installed, Durkin said, but work is still ongoing.“They’re actually trying to hit the more heavily used areas first,” he said. “The work is moving along at a clip.”Some students on campus have already noticed a difference in the strength of the wireless.“The connection is definitely stronger. I have more bars for the signal,” said Brittany Younger, a senior majoring in psychology.Yet, some spots on campus can still be troubling for students to find a strong wireless connection.“I just kind of move if it’s not working,” said Lillian Ware, a senior majoring in environmental engineering. “I think it’s great that they’re trying to make it better.”Students should begin to notice a difference more as the semester goes on, Durkin said. Birnkrant Residential College, for example, is the first dorm on campus to be fully rewired.“You should never really notice anything less than what you had before,” said Durkin who confirmed that students will never be without wireless as new access points and wiring are installed. “We are swapping out the old and putting in the new … it’s a seamless thing.”last_img read more

U20 World Cup: Sellas happy with Accra camp despite player shortage

first_imgGhana U20 national team coach Sellas Tetteh believes the high level of competition in camp will help build a formidable team for the impending Fifa World Youth Championships.The Black Satellites are scheduled to leave Accra for New Zealand on Thursday to participate in a four-nation tournament ahead of the World Cup in the same country.Only 24 of the 35-man provisional squad have joined the team with the rest expected to join later in Auckland. “There is competition in camp and that should be a platform for us to show improvement, progression and development,” he told Joy Sports.“In a way we see it as a way of trying to build a very solid, formidable side that will represent the nation,” said the coach who is heading to a third World Cup at this level. “At the moment we working very hard and besides that we are enjoying ourselves, trying to know each other, be close to each other , integrate and get along with each other.” The Satellites played two friendly games at the Accra stadium on Tuesday. Their first game was against Westlanders FC which they won 1-0. Then they hammered Miracles FC 6-0.  Ghana, bronze winner in the last edition in 2013, is housed in Group B alongside Argentina, Panama and Austria in the World Cup which starts May 30.–last_img read more

Dodgers sign Kenley Jansen, Justin Turner, Juan Nicasio to avoid arbitration

first_imgWith all their pre-arbitration players signed, the Dodgers’ actual payroll for players under contract — including some who are no longer on their roster — is a little more than $265 million.Jansen saved 44 games in 49 opportunities last season, his first full year as the Dodgers’ closer. He is expected to reprise the role in 2015 with a noticeably different group of set-up men. The 27-year-old right-hander has one year of arbitration eligibility remaining. He made $4.3 million in 2014.Turner, 30, batted .340 as a reserve infielder in a breakout 2014 campaign. That allowed him to more than double his salary; Turner made $1 million in his first season with the Dodgers after being non-tendered by the Mets in 2013.Turner is expected to reprise his role as a fifth infielder and pinch-hitter extraordinaire in 2015.Nicasio, acquired from the Colorado Rockies in November, is expected to compete for a bullpen job in spring training. He made $2.025 million in 2014, then posted a 5.92 earned-run average as a starter and was demoted to the Rockies’ bullpen. Newsroom GuidelinesNews TipsContact UsReport an Error The Dodgers have reached agreement on one-year contracts with Kenley Jansen, Justin Turner and Juan Nicasio, their three remaining arbitration-eligible players. According to multiple reports Friday, the Dodgers will pay the quartet $12.225 million: $7.425 million to Jansen, $2.5 million to Turner and $2.3 million to Nicasio.The Dodgers previously agreed to terms with catcher A.J. Ellis, outfielder Chris Heisey and infielder Darwin Barney. Friday was the deadline for players to exchange salary proposals if they could not agree to terms on a 2015 contract. The Dodgers haven’t taken a player to salary arbitration since pitcher Joe Beimel in 2007.In addition, the Miami Marlins reached an agreement with second baseman Dee Gordon for a reported $2.5 million salary Friday. The Dodgers previously agreed to pay Gordon’s 2015 salary when they traded him, Dan Haren and Miguel Rojas to the Marlins in December. last_img read more