Spanish acquisition

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France’s ERAFP awards $400m SRI bond mandate to AXA

first_imgFrance’s ERAFP has awarded an active US-dollar SRI bond mandate to AXA Investment Managers Paris, with a view to investing around €400m over three years via the portfolio.The French public service additional pension scheme also awarded two stand-by mandates as part of the process, to Natixis Asset Management and CCR Asset Management.AXA Investment Managers Paris will delegate financial management to AXA Investment Managers Inc.ERAFP said the two stand-by mandates gave it the option of diversifying risk at a later date by activating them.  The pension fund launched the call for tenders for management of a US-dollar-denominated bond portfolio back in April this year.It said the award was part of its policy to broaden its investment universe, as well as in keeping with the values of its SRI charter.The mandates have an initial term of five years, the pension fund said, adding that it had the option of extending them by three successive one-year periods.The portfolios will be invested mainly in dollar-denominated bonds from issuers registered in OECD countries, and will be hedged against foreign exchange risk.ERAFP said the mandate-holders would mainly use a fundamental analysis of issuers and a technical analysis of the bonds to build the portfolios, in order to diversify broadly across sectors.They will also have to comply to ERAFP’s SRI requirements, it said.last_img read more

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Pre-war time capsule home sells for millions in sought-after Brisbane suburb

first_imgThe property is in an ideal location, just 2km from the CBD.“All of a sudden, two other parties also submitted offers, so we had three contracts on the one day.“The end buyer had the best terms and conditions, so we went with them — it was a really good outcome.” The adjoining property at 22 Abbott St, New Farm.According to property researcher CoreLogic, the sale of 5-7 Mark St was the top sale in Queensland in the past week.New Farm is a high demand suburb with a median house price of $1.7 million. This property at 5-7 Mark St, New Farm, has sold for $2.35m.Selling agent Peter Hutton of Hutton & Hutton Real Estate said the four-bedroom, two-bathroom property at 5-7 Mark St, New Farm, had generated a lot of interest and attracted three offers.But he admitted many prospective buyers found it hard to envisage what to do with the property, given its pre-demolition status and the fact it had a brick wall down the middle of the house. IS THIS BRISBANE’S BEST RENO? This property at 5-7 Mark St, New Farm, has sold for $2.35m.Mr Hutton said the buyer had been looking for a place to call home in New Farm for a long time.The vendors of 5-7 Mark St also recently sold the adjoining, century-old property at 22 Abbott Street for $3.36 million at auction to a local family who plan to renovate. This pre-war property at 5-7 Mark St, New Farm, has sold for $2.35m.A 1940s time capsule in the heart of one of Brisbane’s most popular suburbs has sold for $2.35 million.The unrenovated, pre-war duplex had been held by three siblings for the past 45 years before selling to a local family, who plan to turn it into their ‘forever home’. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The back of the property at 5-7 Mark St, New Farm.That was until the lucky buyer brought an architect along with them one day.“The architect gave them the level of confidence they needed and they submitted an offer,” Mr Hutton said. This property at 5-7 Mark St, New Farm, has sold for $2.35m.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago“It was purpose-built as a duplex, so basically two apartments side-by-side with a brick wall down the middle,” Mr Hutton said.“For most buyers that was a hard intersection of pre-war and not being a typical colonial, so most buyers couldn’t kick in their imagination to work out what to do with it.” ANDREW WINTER’S PROPERTY SHUFFLE last_img read more

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Clean Energy’s first-quarter income slides

first_imgImage courtesy of Clean Energy FuelsClean Energy Fuels, one of the largest providers of natural gas fuel for transportation in North America reported a slide in net profit for the first quarter of 2018.The company reported a net income of $12.2 million for the quarter under review, dropping 80 percent compared to the $61 million reported in the corresponding quarter in 2017.Revenue for the first quarter of 2018 was $102.4 million, a 14.4 percent increase from $89.5 million of revenue for the first quarter of 2017.The company delivered 85.1 million gallons in the first quarter of 2018 and 2017. Growth in CNG volumes was offset principally by a reduction in LNG volumes due to the non-renewal of two contracts and RNG volumes for non-vehicle fuel that were included in contracts sold to BP.Deliveries of liquefied natural gas dropped from 16 million gallons in the first quarter of 2017 to 14.3 million gallons in the quarter currently under review. Deliveries of the compressed natural gas (CNG) on the other hand rose from 68.5 million gallons to 70.8 million gallons.last_img read more

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Ports in India Conference Kicks Off Tomorrow

first_imgThe Indian Infrastructure Magazine is organizing its sixteenth annual conference on ‘Ports in India: New Projects & Initiatives; Opportunities & Challenges’, on January 29-30, 2019 at The ITC Maratha, Mumbai.The mission of the conference is to analyse the key trends and developments in the port sector, discuss the impact and progress under key government programs, and showcase best practices and new initiatives being taken by ports.It will also highlight new and emerging technology and equipment trends and solutions.The conference will feature twenty distinct sessions:Key Trends And Outlook;MCA For PPP Port Projects, 2018: Impact, Challenges And New Opportunities;MoS Perspective: Achievements, Plans And Strategies;Private Operator Viewpoint (Major And Non-major);Customer Perspective: Experience And Expectations;Investor Perspective;Container Traffic;Liquid Bulk: Petroleum, Oil & Lubricants;Dry Bulk: Iron Ore, Coal & Fertilizer;Spotlight On Sagarmala: Progress So Far And Opportunities;New Greenfield Ports: Progress So Far And Opportunities;Opportunities In IWT;Focus On Coastal Shipping;New Areas Of Growth;Spotlight on Port Rail Connectivity;Emerging Warehousing and Logistics Requirements: ICDS/CFSs, LOGISTICS PARKS, FTWZS;Focus on LNG Infrastructure;Focus On Shipbuilding And Repair;Digital Transformation Of Ports;Port Mechanization And Modernization;Technology And Equipment Showcase.last_img read more

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‘Telehealth’ introduced at South Ripley for 2018-19

first_imgFrom right: Tim Putnam, MMH President; Don Kelso, IRHA Executive Director; Kathleen Chelminiak, IRHA Project Director; Julie Keene, MMH Vice President of Physician Services; Kristina Wang, MD; Laura Padgett, RN; Rob Moorhead, South Ripley School Corporation Superintendent; Marie Menchhofer, RN and Geralyn Litzinger, RN.Osgood, In. — On Aug. 2, South Ripley School Corporation, in partnership with Margaret Mary Health and the Indiana Rural Health Association, held a ribbon cutting to celebrate the launch of the first school-based telehealth program in southeast Indiana. Through the use of telemedicine-enabled scopes and video conference software, the program enables South Ripley students who are ill to be seen by an MMH pediatrician without having to leave school. The program was made possible thanks to a grant administered by the Indiana Rural Health Association.“We have broken many barriers for our community by implementing telehealth,” said South Ripley’s school nurse, Marie Menchhofer. “This technology provides a new level of medical services we can provide our students onsite. Parents can connect to medical visits without leaving work, and we can address medical issues as they arise during the school day. This is one more tool I can use to keep our students healthy. For some of our families, this program not only makes access to healthcare possible, it makes it convenient.”With assistance from Menchhofer, MMH’s pediatricians are able to use the telehealth technology to diagnose and treat minor injuries and acute illnesses, including strep throat, ear infections, rashes, pink eye and the flu. Parental consent must be obtained in advance, and fees are billed directly to insurance.“We appreciate South Ripley School Corporation for putting trust in us to deliver this innovative program to the community,” said Margaret Mary Health President Tim Putnam. “Telehealth services provide students direct access to our pediatricians while eliminating common barriers to care like transportation or scheduling problems. Ultimately, this should lead to less sick days and improved health for students.”last_img read more

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Adams willing to put faith in youth

first_img After facing fellow strugglers Fulham on Saturday, Norwich will come up against Liverpool, Manchester United, Chelsea and Arsenal in their final four games. Yet Adams will not hesitate to promote from within if he feels a number of the players he knows well from his time in the academy, where he delivered the FA Youth Cup last season, can add something to the current first-team crop. “Obviously I have got a great knowledge of them all,” Adams said, when asked if youngsters could be fast-tracked into his side. “Knowing what happened last year, we had a great run in the cup and even players above them age-wise and the players who are out on loan. I have a good knowledge of them all and any player I feel will do us a job I won’t hesitate to use them. “We have got to go and pick a team to win a game at Fulham and, rightly so, I can understand people making a lot of reference to the Youth Cup team, because it was a fantastic achievement and one we were extremely proud of. “If I feel any of those players are ready to come in and give us a hand then age is not a barrier. Equally, I know their strengths and weaknesses and what they are capable of, and of course that will come into my thinking when we sit down to pick a team.” With Adams confident his more inexperienced players can cope with life in the Premier League, he has also backed his own ability to perform under pressure despite a lack of first-team managerial knowledge. “The qualities I will be looking to stamp down on are tactics, motivating players and getting them to play to instructions,” he said. “The game is the same at whatever level and obviously now I’m managing at the top level, where the margins for error are smaller than further down the ladder you go but the principles are the same.” Press Association New Norwich boss Neil Adams will have no qualms throwing a number of youngsters into the Canaries first team as he looks to fight off Barclays Premier League relegation.center_img The 48-year-old former Norwich winger was appointed manager at Carrow Road after Chris Hughton’s 20-month reign was brought to an end following a disappointing 1-0 home defeat to West Brom. Now former youth coach Adams must guide the club to safety, with their current position of 17th in the table more precarious when their remaining fixtures are taken into account. last_img read more

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QPR move out of the bottom three

first_img Austin’s close-range finish looked to have a sealed a valuable three points after Leroy Fer had earlier opened the scoring but the striker gave Burnley hope when he was shown a second yellow card with 15 minutes to play. Burnley squandered a handful of excellent chances in the second half but Sean Dyche’s side lacked cutting edge in the final third and are now just two points off the bottom of the table. Press Association Dunne was again to the rescue moments later when his sliding tackle denied Ings a shot from close range but the Burnley forward should have done better a minute later when he nodded Marney’s cross wide at the far post. The visitors continued to pile on the pressure as Boyd blazed over from inside the area but Rangers survived and in the 75th minute made their opponents pay by doubling their advantage. Vargas played a neat one-two with Mauricio Isla to reach the touchline before squaring the ball back to Austin, who slotted home for his sixth goal in seven games. The goal-scoring hero swiftly turned to villain two minutes later, however, as Austin was adjudged to have elbowed Keane when the pair rose for a header and the QPR striker was shown a second yellow card. Buoyed by the one-man advantage, Burnley pressed forward looking for a lifeline but it was the hosts who could have added a third had Tom Heaton not blocked Suk-Young Yun’s close-range effort late on. Rangers played out the dying minutes with ease, sealing their third win in four home matches and jumping out of the relegation zone ahead of a crucial Christmas period. Much of the build-up to the clash centred around the team’s in-form strikers Austin and Danny Ings, who scored 41 goals between them in the Championship last season. While Ings missed a handful of half-decent opportunities, it was Austin’s contribution that proved decisive alongside the equally threatening Fer. Burnley created the first clear-cut chance in the 11th minute when Rob Green fumbled Dean Marney’s cross but the Rangers keeper scrambled to his feet just in time to block Scott Arfield’s follow-up. Both sides were struggling to establish any rhythm but Burnley’s George Boyd injected some quality into the contest just before the half-hour, unleashing a bending long-range effort which Green did brilliantly to tip onto the post. Sparked into life, QPR almost took the lead at the other end when the lively Eduardo Vargas nipped past Ben Mee in the penalty area but his shot towards the far corner was cleared off the line by Michael Keane. Austin had endured a quiet first half but, six minutes after the break, the in-form striker provided the decisive pass for Fer to break the deadlock. Bobby Zamora played in the former Burnley man, who cut the ball back and despite the brave attempts of Mee to block the finish, Fer bundled the ball home for his second goal in three games. Burnley almost levelled soon after when Boyd’s driven cross looked destined to find Ings at the far post but the slightest of touches from Richard Dunne saw the ball flash past the striker. Charlie Austin scored his eighth goal of the season as QPR beat fellow strugglers Burnley 2-0 and climbed out of the bottom three for the first time since September.last_img read more

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