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Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Nassau County police officer was aqcuitted of harassing her colleagues who arrested her while she was off-duty after a parking dispute with on-duty officers who accused her of resisting arrest.A Nassau County jury found Dolores Sharpe, 53, not guilty Wednesday of harassment and resisting arrest charges following a two-week-long trial.“I am free of this dark cloud that these men placed over me and my good name,” Officer Sharpe said. “I did nothing wrong and today the jury made that fact clear.”Officers Charles Volpe and Victor Gladitz, who are white, had arrested Sharpe, who is black, for allegedly trying to strike one of the officers “in his face with a neck chain by swinging it at him” and later “refused to comply with multiple lawful orders to place her hands behind her back,” the officers alleged in court documents.The altercation occurred Nov. 29, 2013 the parking lot of a store in Hempstead, where Sharpe was shopping at the time, authorities have said. One of the officers accused Sharpe of blocking his view during an investigation. Heated words were reportedly exchanged by both sides, but Sharpe’s lawyer said the arresting officers crossed a line.“Not only was this incident one which subjected Officer Sharpe to an extreme level of humiliation, but the clear attempt by these two officers was to personally degrade her and deprive her of any sense of dignity,” said Sharpe’s Hempstead-based attorney, Frederick Brewington. “The County of Nassau and its Police Department have been asked to investigate the actions of the two officers and consider charges of perjury against at least one of them.”In addition to the arrest, Sharpe later served a 30-day unpaid suspension. A police spokesman has said that an internal affiars investigation into the case is continuing.Prosecutors said they respected the outcome.“An arrest was made, allegations were reviewed, the evidence was presented and a jury carefully considered the case, as evidenced by their four-day deliberation,” said Paul Leonard, a spokesman for Acting Nassau County District Attorney Madeline Singas. “Judge Kluewer presided over a fair trial. We respect the jury process and their verdict.” read more
Gresham House, a specialist asset manager partially backed by a UK local government pension scheme, is buying a “new energy” infrastructure manager.The AIM-listed firm has agreed to buy Hazel Capital for its real assets division. The deal is expected to complete later this year.Gresham House said it had agreed to provide growth capital through a secured £4.6m (€5.4m) loan to Hazel Capital.Hazel Capital, founded in 2007 by Ben Guest, advises around £100m of assets primarily through venture capital trusts (VCTs) and enterprise investment schemes (EISs). The firm has developed or acquired around 300 megawatts of capacity in the UK solar market across 28 projects.Tony Dalwood, chief executive of Gresham House, said: “We see a substantial growth opportunity in renewables and new energy infrastructure-related assets. Hazel Capital’s success in generating market-leading returns through its VCT and EIS platform within the growth areas of infrastructure related asset management, fits well with our strategy to develop our range of alternative and illiquid investment solutions for long-term investors.”The Royal County of Berkshire Pension Fund recently announced it was acquiring a 20% stake in Gresham House, backing a new alternative investment platform aimed at UK public pension funds. Pacific Asset Management joins forces with emerging markets managerPacific Asset Management is moving into the institutional and wholesale markets by becoming a partner in North of South Capital, a boutique emerging markets equities manager.By taking a stake in North of South, Pacific Asset Management was “expanding beyond that business towards the institutional and wholesale markets”, the statement added.North of South Capital was founded in 2004 and based in London. Pacific Asset Management has helped establish several notable UK asset management companies, including Liontrust, River & Mercantile, and Thames River Capital – now part of BMO Global Asset Management after a series of mergers and acquisitions.Campaign group rejects trade body cost disclosure proposal The UK regulator should not adopt any cost disclosure code proposed by the country’s asset management trade body, the Transparency Task Force (TTF) has said.In an official response to the industry body’s proposal that echoes previous comments expressed by its founder, the TTF said that, as a trade body, the Investment Association (IA) was “fundamentally conflicted” and should not be producing regulation. It rejected the idea of the Financial Conduct Authority (FCA) officially adopting the code. Instead, it should be the regulator that “leads the development of a regulatory framework that mandates for comprehensive cost disclosure, with full industry consultation”.The FCA has said it would not be bound by industry proposals.The campaign group said the IA’s proposed code “falls short of the mark” in several ways. For example, it argued that the code was not sufficiently comprehensive, was voluntary, and used terms to describe costs that did not have legally-binding definitions. The TTF also argued that the IA’s Independent Advisory Board – which fed into the establishment of the disclosure code – failed to perform adequately. The TTF’s founder Andy Agathangelou is a member of the advisory board, which is chaired by Mark Fawcett, chief investment officer at NEST. Earlier this week, the UK’s local government pension scheme announced the launch of a cost transparency code for asset managers that was based on the templates introduced by the IA. read more
By Joe ChapmanDEFENDING champions Amelia’s Ward Jets and Ravens will contest the final of the 6th Brusche’s Basketball Classic championship after securing impressive wins Friday night at the Mackenzie Sports Club hard court.Ravens prevailed in an exciting 61-58 victory over Colts, while the Jets upset Victory Valley Royals 72-60 to set up a showdown on Saturday November 4.After coming from 12 – 15 down in the first period, Ravens rebounded to end the first half leading by three points (33 – 30). However, the balance tilted for the Colts, who were without notable players: Stanton Rose and Shelroy Thomas.After trailing 49 – 46 heading into the final period, Ravens recovered well and outscored their opponents 15-9 to clinch the 61-58 win.Travis Burnett was again in good form with 15 points with Jermain Slater getting a good game, netting 14 and their captain, Ryan Stephney adding 13 in the win.Dave Causway and Shane Webster played well to score 14 points apiece as Dellon Larose finished the night with 12 for the Colts.Game two was also gripping as the Victory Valley Royals came into this game with the edge, having been unbeaten with wins over Jets in the recent MSC Open tournament. The Royals edged past Jets when the first quarter ended, but when the first half ended the Jets were up by two (32-30).Sensing that they were in a battle, the Royals could not resist the efforts of their bigger inside opposing players who went to work and nudged ahead to lead when the third quarter ended 51-45.With the Jets having several options to go with, they would eventually romp home winners 72-60 and will make their defence against Ravens next Saturday.Nathan Saul had a superb game for the Jets, hitting in 17 game high points as Donnel Benjamin netted 14 and Akeem Kanhai and Adrian Webster each netted 10 points.In their losing cause, the Royals best scorers were captain Chris Williams and Trevor Profitt each with 13 points, while Harold Adams got 12 and Yannick Tappin seven. read more