Dutch asset manager expands fiduciary proposition abroad [updated]

first_imgRoelie van Wijk, chief executive of TKP InvestmentsIt pools the pension funds’ assets in tax-transparent funds for joint accounts.Van Wijk said TKPI has been serving a French pension fund as well as a French insurer through UCITS funds since 2009.However, it had recently widened its scope to cross-border services because TKPI’s finishing setting up a low-cost defined contribution vehicle (PPI) and a general pension fund (APF) had freed up human resources, she explained.According to the CEO, the new contract in Spain had been concluded through an Aegon local office with an investor seeking a defined contribution product for its members.She declined to provide details about the Spanish client, but said the client had found TKPI through a leading consultant, and added that both the consultant and Aegon “had observed increasing interest for fiduciary services in the Spanish market”.Van Wijk said that insurer Aegon would manage the pensions administration and member communication. TKPI, for its part, would provide advice and develop the life-cycle investments and also shape the underlying fund solutions, she noted.This would include manager selection as well as the application of TKPI’s environmental, social and governance (ESG) policy.TKPI’s service would also be suitable for multinational companies CEO Van Wijk “Aegon is to direct the contributions to us, and we subsequently invest the premiums in the funds that have been chosen.”The CEO further made clear that TKPI intended to use Aegon’s office network because Aegon had a strong brand abroad.“Where possible, we will deploy our own people,” she said, citing Rik Verhoeven – TKPI’s new head of international business, who recently joined TKPI from Delta Lloyd Asset Management – as an example.“From Frankfurt, he is promoting our multi-manager approach and twelve UCITS funds for German institutional investors.”Van Wijk said that TKPI’s focus abroad will also be on France and Spain, as the company already had clients over there.It would welcome institutional investor interest from other countries, too, though. She pointed out that TKPI’s service would also be suited for multinational companies intending to merge their European pension arrangements into a single scheme.In her opinion Dutch pension funds would benefit from TKPI’s activities abroad through benefits of scale as well as a growing expertise about the European pensions market, including life-cycle investments.Recently, Aegon announced that it would bring Aegon Asset Management and TKPI under a single board.However, Van Wijk stressed that TKPI’s expansion plans were not linked to this and that the company’s fiduciary services would remain independent. Part of TKPI’s proposition is its multi-manager approach of selecting three external managers with different investment styles for each of its 45 investment funds. The Dutch asset manager TKP Investments is to expand its fiduciary services to other European countries.Roelie van Wijk, TKPI’s chief executive, said the firm had recently concluded a contract with a Spanish institutional investor, and added that German and French investors had also shown an interest in its fiduciary proposition.Aegon subsidiary TKPI has grown through serving Dutch pension funds.Following the decision of the pension fund of coffee producer Douwe Egberts to join the general pension fund Stap – set up by TKPI and Aegon – the Groningen-based asset manager is set to manage €30bn of assets in total from 27 Dutch pension fund clients at the start of 2018.last_img read more

Ripley County Chief Deputy Sheriff Charged with Felonies

first_imgRipley County Chief Deputy David PippenRipley County Prosecuting Attorney Ric Hertel charged Chief Deputy Sheriff Joe “David” Pippin with 6 Counts of Class D Felony, Acquiring a Controlled Substance by Deceit on Wednesday.According to a press release from the Ripley County Prosecutors Office, an Indiana State Police investigation revealed that Pippin acquired and filled prescriptions for Hydrocodone, Schedule II Controlled Substance, from 5 separate medical practitioners at multiple pharmacies in less than a 2-year period without disclosing that he was already prescribed hydrocodone.Hydrocodone is a highly addictive well-known opiate-based drug of abuse.According to the Affidavit of Probable Cause, filed by an ISP Detective, Pippin’s prescription drug use was brought to the attention of law enforcement by his ex-sister-in-law.“Doctor’s office and pharmacy records were used by law enforcement to verify Pippin’s prescription drug use. The Affidavit of Probable Cause states that in one 55-day period in 2012 Pippin filled prescriptions for 494 hydrocodone pills.  The Affidavit of Probable Cause also states that in a 57-day period in 2013 Pippin filled prescriptions for 424 hydrocodone pills.   In total, from August 25, 2011, to July 12, 2013, Pippin filled prescriptions for 2,825 hydrocodone pills.   Multiple practitioners told investigators that had they known Pippin was already prescribed hydrocodone they would not have prescribed Pippin additional hydrocodone,” Ripley County Prosecutor Ric Hertel said in a news release.According to the Affidavit of Probable Cause, Pippin told investigators that he didn’t view himself as a “doctor shopper”, but the records indicating prescriptions by multiple practitioners filled at multiple pharmacies might suggest otherwise, prosecutors said.According to the news release, Pippin stated that he did not want people knowing that he was taking hydrocodone and it was his “dirty little secret.”  Pippin admitted to investigators “obviously, I do have a problem” and referred to the interview as a “moment of clarity.”   Pippin stated if he quits taking the hydrocodone pills he would “have withdrawals because of the physical dependency, physical and psychological.”Prosecutor Hertel stated that prescription drug abuse has become an increasing issue in the county and the enforcement of prescription drug abuse is serious wherever it is discovered.  Hertel complimented the Indiana State Police and their professionalism in their investigation of this sensitive matter.Pippin is presumed innocent until proven guilty in a court of law.last_img read more

Kathleen Phillips, 74

first_imgKathleen Phillips, 74, of Lawrenceburg, passed Friday, May 20, 2016. She leaves her brother, Larry Phillips of Brownsburg, Indiana. She is preceded in death by her parents William and Eleanor (Kuebel) Phillips, her brothers: James and Toby, and her sister Jackie Craig.Visitation is Thursday, May 26, 9:30-11:30 Andres-Wuestefeld Funeral Home. Mass of Christian Burial is Thursday at 12:00 St. Paul Church in New Alsace, followed by burial at St. Martin’s Church in Yorkville.last_img

Rory McIlroy and Justin Rose in action at the Frys.com Open

first_img The Frys.com Open would not usually be able to call on players ranked third and seventh in the world given its position in the calendar, coming so soon after the Tour Championship in Atlanta and before the lucrative Final Series. However, McIlroy and Rose were among eight players who e ntered a non-sanctioned match play event called the Turkish Airlines World Golf Final in October 2012, which was staged at the same time as the Frys.com Open. The last PGA Tour season ended 17 days ago and the European Tour season has another six weeks to run, but Rory McIlroy and Justin Rose are among the players starting the new PGA Tour season this week. Press Associationcenter_img And in return for being granted a release to play in Turkey – where Rose won USD1.5million for beating Lee Westwood in the final – all eight players had to agree to make the trip to Napa in California at least once during the next three years. McIlroy, Rose and major winners Charl Schwartzel and Webb Simpson have left it until now to fulfil their obligations, with Westwood, Hunter Mahan and Matt Kuchar having already played. Tiger Woods was due to compete this week but has been ruled out until 2016 due to a second back operation. Also in the field is American Scott Stallings, who is free to compete again after serving a three-month suspension for violating the PGA Tour’s anti-drug policy. Stallings reported himself to the Tour after realising a supplement he had been taking to combat chronic fatigue was prohibited. The 30-year-old, who was ranked 154th in the world at the time of his ban but is now 209th, was advised by his doctor to take DHEA, an anabolic agent that is the precursor to testosterone production, but did not produce a positive test at the Humana Challenge in January. Stallings said in July: ” I regret my inadvertent mistake in not doing my homework to know for sure what was on the list of permitted and non-permitted substances. I take responsibility and accept the penalty imposed by the PGA Tour.” last_img read more

20th Cheddi Jagan Cycle Road Race `Fishy’ Williams hard-pressed to make successful defence of title

first_imgDEFENDING champion of the Cheddi Jagan Cycle Road Race, Marlon `Fishy’ Williams, will be hard-pressed to make a successful defence of his title come tomorrow, when cycle race organiser and coach Hassan Mohamed organises the 20th edition of the event in Berbice.The event, which is being sponsored by the People’s Progressive/Civic in collaboration with several corporate sponsors, will wheel off from outside the PPP/C’s New Amsterdam Office at 09:00hrs and proceed to Number 51 Village, Corentyne, before turning back to finish at Port Mourant, Corentyne.It is anticipated that all of Guyana’s top cyclists will face the starter tomorrow.Among the names already registered for the event are: national road race champion Geron `The Lone Soldier’ Williams, Team Trojan’s Andrew Hicks and Romelo Crawford of Berbice; Team Alanis’ Paul DeNobrega and veteran Paul Cho-Wee-Nam, Team Coco’s Jamal John, Stephano Husbands and Hamza Eastman, along with Team Evolution’s Michael Anthony, Orville Hinds, Raul Leal and defending champion Marlon `Fishy’ Williams.Looking at the registrants to date, one can conclude that `Fishy’ will have a battle on his hands to stave off the challenge that he will face, come Sunday.Last year, Marlon `Fishy’ Williams won the event in a time of two hours 15 minutes 10 seconds, but since the beginning of the 2017 cycling season, Team Coco’s riders have been recording some very fast times for the three/four races staged so far.It is a known fact that since the emergence of Team Evolution, its members start the yearly season on a low note but around this time of the season, they accelerate their performance and dominate the remainder of the season.Despite this, there’s the one major obstacle in Team Coco’s as well as Team Evolution’s way and that is the presence of `The Lone Soldier’ Geron Williams, who, since the 2017 season started has taken a ‘sit back and look’ position, but this might not be the case come Sunday, as he might very well take a look from the leading position.Let’s see who will have the final say, come race day. (Michael DaSilva)last_img

Turnovers key USC’s victory over Golden Bears

first_imgFor a split second, Zach Maynard almost made it close.With the Golden Bears trailing USC 20-0 late in the second quarter, the Cal quarterback completed three straight passes, moving the ball down to the USC 10-yard line. On the next play, however, the junior signal caller’s pass was intercepted by freshman linebacker Dion Bailey, preserving the Trojans’ near three-touchdown lead heading into halftime.“We had to come out and show everybody we’re not as bad a defense as everybody says we are,” Bailey said of his first of two interceptions.The Trojans’ defense forced five turnovers at California (3-3, 0-3), edging the host Golden Bears 30-9 in front of a crowd of 44,043 at AT&T Park in San Francisco. Prior to Thursday night’s contest, USC (5-1, 3-1) had forced just four turnovers in five games.“If I was going to pick a way to win a game, I would rather win it this way because it instills confidence in our defense,” USC coach Lane Kiffin said.The defense – to put it lightly – had appeared out of sync in recent weeks.In their last two games, the Trojans allowed a combined 84 points. Against Cal, however, they surrendered just 329 total yards and one touchdown for a season-low nine points.Though the Golden Bears’ oft-heralded receiving duo of sophomore Keenan Allen and senior Marvin Jones combined for 19 receptions for 249 yards, neither was able to haul in a touchdown pass.“They’re a heck of a team coming in and we were nervous about their two receivers,” senior linebacker Chris Galippo said. “But we did a good job. If you turn the ball over that much, it’s really hard to win games.”Cal did make a late third-quarter run – similar to other second-half defensive struggles for USC against Arizona State and Arizona, where it was outscored in the final two quarters. Opening the third quarter with a 23-yard field goal from freshman kicker Andre Heidari, which ballooned its lead to 23 points, USC watched Cal respond with a field goal of its own followed by a three-yard touchdown run from Maynard.But despite cutting the Trojans’ lead to just two possessions, Maynard would watch Bailey intercept another pass midway through the fourth quarter. The turnover would set up a two-yard touchdown run from junior tailback Curtis McNeal that largely put the game out of reach.“He’s playing really well,” Kiffin said of McNeal who led the team in rushing on the night with 86 yards on 17 carries.Collectively, though, USC’s offense looked much less than potent than it did in its last game Oct. 1 at home against Arizona. Barkley, who broke the school single-game record for passing yards with 468 against the Wildcats, threw for just 195 yards Thursday. He did not, however, throw an interception.“I played alright,” Barkley said of his performance. “Not good enough to win big games, but always something to improve upon.”The junior signal caller – though throwing two touchdown passes – completed just 54 percent of his passes, his lowest completion percentage of any game of the season thus far.“Just the little things were off,” he said. “I either put too much air under it or not enough.”The Trojans, even while jumping out to an early lead, finished with just 313 yards of total offense and were outgained by Cal.“We’re not happy with how the game went, but we’re 5-1, so you have to remember that too,” Kiffin said.The Trojans, who travel to South Bend next weekend to face Notre Dame, winners of four straight since opening the season 0-2, remain content – at least somewhat – with five wins halfway through the season.“It’s huge,” Barkley said. “You kind of feel bad because of our performance today, but when you look at the scores, you’ll see that we won by three scores, the defense played awesome and that we are 5-1, which is huge.”last_img read more

Syracuse basketball opponent preview: What to know about No. 18 Louisville

first_img Published on February 16, 2016 at 3:45 pm Daily Orange File Photo How Syracuse beats Louisville: Both teams force opponents into taking a lot of time off the shot clock. Syracuse’s defense has opponents taking 19.3 seconds off the shot clock — the most in Division I. Louisville’s 18.7 seconds is fourth most in Division I. This will likely be a classic Big East, defensive showdown. And while the Cardinals are the better defensive team statistically, they do have a propensity to give up relatively more 3-pointers. Syracuse will need to have the same type of strong ball movement that it’s grown accustomed to, and it needs to put home its open looks when it gets them.Stat to know: At first glance, Louisville might look like it has a resume that stacks up with anyone in the nation. But that’s not the case. The Cardinals only have one win inside Kenpom’s top 43 teams. It defeated North Carolina at home on Feb. 1. It beat Florida State at home as well, but the Cardinals have no quality road wins. In its best chances to get quality wins, Louisville has lost to Virginia, Notre Dame, Duke, Kentucky and Michigan State.Player to watch: Aside from being the little brother of former Syracuse center Arinze Onuaku, Chinanu Onuaku has become a very versatile player for Louisville. He makes his field goals at a 61.6 percent clip and has established himself as one of the best shot blockers in the country. He only scored eight points and had 11 rebounds against Syracuse last time. But the Orange had trouble containing Boston College’s Dennis Clifford. Onuaku presents an even greater challenge. Comments Facebook Twitter Google+center_img Related Stories 3 things Jim Boeheim said on this week’s ACC coaches teleconferenceLouisville, like Syracuse last season, self-imposes postseason ban for men’s basketball teamDougherty: Rick Pitino can learn from Jim Boeheim after media day no-showHow the ACC tournament’s format changed after Louisville’s postseason banChristmas’ 29-point performance carries Syracuse to 69-59 upset win over No. 12 Louisville Syracuse (18-8, 8-5 Atlantic Coast) travels to No. 18 Louisville (19-6, 8-4) on Wednesday to face the Cardinals at the KFC Yum! Center. The Orange has won eight of its past nine games, while UofL has lost its last two. The Cardinals self-imposed a postseason ban that will prevent them from competing in the ACC tournament and NCAA Tournament in March.Here’s everything you need to know about SU’s next opponent.The Louisville report: The Cardinals were on the fast track to be one of the conference favorites before the team’s postseason chances were derailed in early February. The Cardinals beat winless Boston College in their first game following the ban, but have since lost to Duke and Notre Dame on the road. Louisville’s worst loss came on the road to Clemson. Like Syracuse, UofL starts two senior guards in Damion Lee and Trey Lewis. Lee is in his first season after transferring from Drexel. Lewis transferred from Cleveland State last season and also played at Penn State as a freshman. The two combine to average. 28.7 points per game and are the only scorers that average in double figures on the team. As a team, the Cardinals rank second in college basketball in defensive efficiency, per Kenpom.com. They’re also one of the best offensive rebounding teams in the country. They get most of their points inside the arc, scoring just 23.6 percent of their points from 3.Last time they played: Syracuse picked up its signature home win of the season as it defeated then-No. 12 Louisville on Feb. 18, 2015 by the score of 69-59. The Orange was led by Rakeem Christmas, who had 29 points, and SU won the game despite being down by as many as eight points. Syracuse shot 4-of-18 from 3 and had only five offensive rebounds. Michael Gbinije contributed 18 points, six assists and five rebounds in the win.“The hot hand was definitely Rak,” Gbinije said after the game. “I just wanted to get him as many touches I could.”AdvertisementThis is placeholder textAll-time series: Wednesday will mark the 24th meeting between Louisville and Syracuse. The Orange is 8-15 in the previous 23 contests.last_img read more

Syracuse football recruiting: 4-star center Tyrone Sampson Jr. verbals to Syracuse

first_img Facebook Twitter Google+ Tyrone Sampson Jr., the third-ranked center in the 2018 class, per Rivals.com, has committed to Syracuse.The four-star prospect weighs in at 304 pounds and stands 6 feet, 3 inches tall. Sampson was receiving attention from in-state powers Michigan and Michigan State as well as Louisville, Indiana and Virginia, before choosing the Orange.The top-300 player will come in to aid and shore up what was a weak Syracuse offensive line that gave up 38 sacks last season. The East English Village (Michigan) High School prospect is Syracuse’s only four-star commit in the 2018 class to date. He is the third commit in the 2018 class.Check out a sample of Sampson’s highlights in the video below.AdvertisementThis is placeholder text Comments Published on April 18, 2017 at 1:47 pm Contact Andrew: aegraham@syr.edu | @A_E_Grahamlast_img read more

Club hurling and football results

first_imgIn the South Tipperary senior football championship yesterday afternoon there was a double header in Clonmel.Ardfinnan overcame favourites Moyle Rovers scoring the decisive goal and running out 1-10 to 0-8 winners.In the second game Kilsheelan-Kilcash were too strong for Ballyporeen and three goals from Ross Larkin, Bill Maher and Brendan Martin were enough for Kilcash to claim victory.Final score in that one was Kilsheelan Kilcash 3-16 Ballyporeen 0-6. It was a tight first half with Ballingarry leading by 0-11 to 0-8 at the break. Ballingarry held that advantage and added to it in the second half to run out 0-18 to 0-14 winners. They now progress to the next round of the championship. last_img read more

Chiefs tight end Travis Kelce continues to grow and evolve

first_img SUBSCRIBE TO US LIVE TV COMMENT There is an old tale that pops up from time to time, parts of which Chiefs coach Andy Reid still disputes, about a phone call he made to Travis Kelce when Kansas City selected the tight end in the third round of the 2013 draft.They had a nice chat. Reid welcomed Kelce to the team, explained how he envisioned him fitting in. Then, Reid offered a warning: “Don’t screw this up,” he said, at least according to the story.It made sense, too. Kelce put together a brilliant college career at Cincinnati, but the brother of longtime NFL center Jason Kelce also had run into some trouble. He was suspended the entire 2010 season for what the Bearcats called a violation of team rules, which turned out to be a failed drug test for marijuana, and many questioned his maturity.“You have to understand that I knew Travis before we took him. I had his brother (with the Eagles) and he came to visit his brother all of the time,” Reid said, explaining that infamous draft-day phone call nearly seven years ago. “I didn’t ask if he was going to screw it up, or tell him that he was going to screw it up. I just said that you know how I operate, and welcome aboard — and that I’m probably not going to be the easiest on you. He said, ‘I got it.’”Did he ever get it.After missing most of his rookie year because of microfracture surgery on his knee, the athletically gifted ex-quarterback has made everyone who played a part in drafting him look like a genius. Kelce already has become the first tight end in NFL history with four consecutive 1,000-yard receiving seasons, and with eight catches for 74 yards in last week’s 26-3 romp in Chicago, he became the first with back-to-back seasons of at least 1,200 yards.Kelce also eclipsed 500 receptions in just his 95th game, beating Hall of Fame tight end Kellen Winslow’s record for their position by a full six games and setting a standard that should be tough to beat.“It tells everybody that I’ve been pretty fortunate to be on the field the past four years,” Kelce said with the self-deprecating style he’s adopted during his career.Asked why he’s become so difficult to handle, he replied: “I think it’s just the Kansas City barbecue seeping through my pores. It makes me a little slippery when I’m out there.”Kelce isn’t the fastest player in the league, nor is he the quickest or strongest. He doesn’t have the best hands, either, with his share of drops along the way. But he might just be the best player in the league regardless of position at finding holes in the defense, and his ability to squirm away from defenders to get yardage after the catch is downright uncanny.“Just how consistent he is on a game-to-game basis, it’s truly special,” said Chiefs quarterback Patrick Mahomes, whose own record-breaking numbers are owed in part to Kelce’s play.”He’s going out there trying to win and being a competitor. He doesn’t look at stats. He doesn’t look at that stuff. He’s just a competitor on that field who wants to win a football game and he does whatever he can to get himself or other players open. He’s a guy you want to have on your team.”The reason for that isn’t just the numbers, though. That young and carefree and occasionally reckless kid who got into trouble in college has grown into a consummate leader, the guy that helps to set the standard in the locker room and rallies the rest of the team around him when they take the field on Sunday.It’s why the Chiefs gave him a five-year, $46 million contract extension in January 2016.“He has grown up tremendously,” Reid said. “The talent was always there, it has always been there. He is very gifted. He has a great feel. He loves playing the game. Then, he has been on the other side of it. He has been a quarterback, so he knows how to be quarterback friendly. There is something to be said for that. It was just a matter of growing up, having the responsibility that he had here and understanding that and handling that. I think he has done phenomenal with it.”Reid pointed out that Kelce has been voted a team captain every year that the Chiefs have been to the playoffs, a sign that he is respected by his teammates. But the two-time All-Pro is also respected by his peers across the league.He’ll be headed to his fifth straight Pro Bowl after the season, assuming the Chiefs aren’t headed to the Super Bowl.“He’s a great player. There’s a reason he’s been doing the things he’s been doing,” said Bears linebacker Kevin Pierre-Louis, who spent most of Sunday night chasing Kelce all over the field. “We just have a tremendous amount of respect for him.”___More AP NFL: WATCH US LIVE Associated Press Television News center_img Last Updated: 25th December, 2019 12:50 IST Chiefs Tight End Travis Kelce Continues To Grow And Evolve There is an old tale that pops up from time to time, parts of which Chiefs coach Andy Reid still disputes, about a phone call he made to Travis Kelce when Kansas City selected the tight end in the third round of the 2013 draft. FOLLOW US First Published: 25th December, 2019 12:50 IST Written Bylast_img read more