Strong first-quarter returns boost assets to €45bn at Finland’s Keva

September 29, 2020 0 Comments

first_imgStrong equity markets helped Finland’s Keva return 7.5% over the course of the first quarter, as assets rose above €45bn for the first time.Keva, the local authority pension provider, said its equity portfolio returned nearly 16%, with CIO Ari Huotaro describing the market development as “very lucrative”.Jukka Männistön, the fund’s chief executive, also struck a positive note on the first three months of the year, calling results “exceptionally good”.On back of the 15.8% return from equities, which accounted for 40.1% of Keva’s portfolio, assets under management rose by €3.1bn to €45.2bn. Fixed income holdings, which accounted for just over 41% of all assets, saw significantly lower returns of 2.7%, while direct property and real estate funds returned 1.4%.Outside of real estate, alternative assets outperformed bond holdings, with private equity returning 4.8% and hedge funds 3%.Keva’s returns were broadly in line with those of other Finnish pension investors, with many previously enjoying strong equity returns on the back of the European Central Bank’s quantitative easing programme.However, Keva’s results are so far the best of the larger pension providers and mutuals, with only Ilmarinen coming close to its results with a return of 7.1%, largely down to a strong equity performance close to 18%.last_img read more

Charlton delighted with Van Gaal

September 21, 2020 0 Comments

first_img Of the failures of Moyes’ reign, the biggest was his failure to qualify for the Champions League. Van Gaal believes his team have a chance to prove they still belong among the European elite on Saturday though when they face Real Madrid, who won their 10th Champions League trophy last term. United will play the Spanish giants on the outskirts of Detroit, where a record 109,000 crowd is expected at Michigan Stadium, more commonly known as the ‘Big House’ as it is the third-biggest sports arena in the world. A win will guarantee United a place in the International Champions Cup final – and Van Gaal thinks victory would also go some way to proving his men are still a force to be reckoned with. Reflecting on the three wins he has registered so far, the United boss said: “We played against AS Roma, who were second in the Italian league, then against Inter Milan, who were third in the Italian league. “Now we play Real Madrid and it is nice to play against such teams, so you can show you are at least equal.” Making Monday’s final, and beating potential opponents Liverpool or Manchester City to take home a prize of 1 million US dollars (£600,000), would be a perfect way to round off what has been a successful tour for Van Gaal. After their exploits in the United States, Van Gaal will take his squad back to Manchester, where they play Valencia at Old Trafford before the season begins on August 16 against Swansea. Van Gaal has always been a fan of the English game and he is looking forward to experiencing his first taste of Premier League football. “I have always looked to matches of England,” said Van Gaal, who lists Charlton and Nobby Stiles among his favourite United players. “I like the atmosphere of the English games. “To work for the biggest club in England and the world makes it more of a challenge for me.” Cristiano Ronaldo, meanwhile, has stepped up his fitness work at Real Madrid’s base in Los Angeles in the last few days and could feature against his old club. Real Madrid coach Carlo Ancelotti later confirmed at his pre-match press conference that Ronaldo would not feature at the Michigan Stadium as he wants to keep him fit for the European Super Cup tie against Sevilla in Cardiff on August 12. “Ronaldo is working hard but we won’t put him out tomorrow,” the former Chelsea boss said. “He will begin training with the squad (in Spain) after the tour as we plan to use him in the Super Cup.” Sir Bobby Charlton is sure Louis van Gaal is the perfect man to right the wrongs of last year’s woeful season for Manchester United. Press Association United are embarking on a new era with Van Gaal at the helm following David Moyes’ disappointing 10-month spell in charge. Under the Scot, who was selected by Sir Alex Ferguson to succeed him, United endured their worst campaign in Premier League history, finishing seventh. Van Gaal appears to be slowly putting United back on track. The Dutchman has enjoyed a successful pre-season tour so far, registering wins over Los Angeles Galaxy, Roma and Inter Milan. And off the pitch the players have responded well to his demands for unity, strength and commitment. “It’s marvellous. I am so pleased with the way it has turned out,” Charlton, the club’s record goal scorer told MUTV. United have been quick to make their move in the transfer market this summer, sighing Luke Shaw and Ander Herrera last month for a combined fee of £55million. More signings are expected. The Moyes era began with a failed attempt to sign Herrera and his compatriot Cesc Fabregas. Charlton, a director at Old Trafford, concedes errors were made in Moyes’ only year in charge. “We struggled a little bit last year and maybe a few people made a few mistakes but I don’t think we will make them now,” said the 76-year-old, who made 758 appearances for the club. “Hopefully we will be well-served by a really clever man.” last_img read more

VOLUNTARY ORGANISATION ‘WE CARE’ OPEN FOOD BANK IN LETTERKENNY

December 24, 2019 0 Comments

first_img‘We Care’ a voluntary organisation whose aim is to deliver services to those who are most in need, have opened a FOOD BANK in the Letterkenny/Donegal Area.A group of volunteers got together in the Autumn of 2013 to explore the idea of setting up a soup kitchen in Letterkenny. As they explored this idea, they came across the idea of a Food Bank. We formed a committee and called ourselves “We Care”. They did some research and found some startling reports of poverty in Donegal.They made contact with Cross Care in Dublin who operate a food bank and who have become our main supporter and we discussed the possibility of a Food Bank in Letterkenny.They travelled to Cross Care in Dublin and met with the manager who provided us with the working model of how to operate a Food Bank. Cross Care made contact with the volunteers in July to say that Kellogs had agreed to deliver food to them on a monthly basis once they were ready to receive a drop.Thus they set about looking for premises.We Care have a room for storage at present and are ready to start collecting food.However, they urgently require Shelving and a Food Weighing Scales.They also urgently need some Sponsorship.Their mission is to work in partnership with local agencies to assist those affected by food poverty and food deprivation within a defined area. Our goal is at all times to maintain dignity and respect for participants for whom we provide services.Food Banks throughout the country are proving to be successful and following through on their aims and objectives.We Care feel confident that a food bank in Letterkenny will also be successful and meet the needs of people.VOLUNTARY ORGANISATION ‘WE CARE’ OPEN FOOD BANK IN LETTERKENNY was last modified: November 12th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:FeaturesNews Noticeslast_img read more