first_img“We now have more than NOK600bn in bonds with negative yields. That is equivalent to a quarter of our fixed-income portfolio, and in line with the markets.”Grande added: “Uncertainty about global trade and economic growth dampened returns early on, but markets rallied towards the end of the period, driven partly by the prospect of more expansionary monetary policy in developed markets.”The Norwegian krone continued to rally on foreign exchanges in the reporting period, extending its gains in the first three months of the year. This hit the value of the GPFG by NOK38bn, according to NBIM data. Inflows into the fund amounted to NOK6bn in the second quarter.The fund’s equities allocation continued to increase, rising to 69.3% of investments from 69.2% on 31 March, and up from 66.3% at the end of 2018.Meanwhile, the fixed-income allocation was unchanged from March at 28% and unlisted real estate contracted to 2.7% of the fund, from 2.8% three months earlier and from 3% at the end of 2018.The GPFG held NOK9.4trn in assets as of 21 August, according to its website.‘It’s becoming harder to mitigate against negative yields’ Norway’s giant sovereign wealth fund benefited from falling bond yields in the second quarter of 2019, but now holds more than NOK600bn (€60bn) in fixed income assets with a negative real yield.In its second quarter report, Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global (GPFG), revealed it made more on bonds than equities between April and June, with fixed-income investments returning 3.1%, while equities generated a return of 3%.The oil fund’s manager reported a positive overall return on investments of 3% in the second quarter, or NOK256bn – 0.2 percentage points below the benchmark – and said that equities had delivered a positive return despite volatile market conditions.Trond Grande, deputy chief executive of NBIM, said: “We had a positive return on our fixed-income investments thanks to falling yields. Chris Iggo, CIO for fixed income, AXA IMIn a client commentary published last week, Chris Iggo, CIO for fixed income at AXA Investment Managers, warned that the strong returns from fixed income so far this year would be “much harder to sustain” in the coming months.Investors faced “unprecedented conditions” in the asset class, Iggo said, with “more than 40%” of European investment grade corporate bonds, and 60% of European sovereign bonds, trading with a negative yield, including the entirety of the German Bund yield curve.“For bond investors it is becoming harder to mitigate against the impact of lower yields on portfolio decisions,” he added. “It might not be the time to take more credit risk, yet there is incrementally less reward for extending out along the yield curve.”He added: “We should be worried about lower and lower bond yields because they are sending very negative signals about the economic outlook, but they may cause some (as yet not fully understood) tensions in the financial system with structural implications.”last_img read more

first_imgDarrell E. Walls, of Batesville, was born on September 15, 1940 in Carroll County Kentucky, the son of Thomas Richard and M. Louise Fitzgerald Walls.  He married Edna Wooten on November 12, 1959 in Owenton, Kentucky and she preceded him in death on August 10, 2017.  Darrell was a truck driver for over 45 years.  In his spare time he liked going to the races and was a frequent face at the local auctions.  On Monday, February 26, 2018 at the age of 77, he passed away at his residence.       Those surviving who will cherish Darrell’s memory include his son, Charles T. Walls of Milan; 3 grandchildren, Darrell T. Walls of Greensburg, Brandon Paul of Batesville, and Zachary T. Walls of Milan; 3 great-grandchildren, Kasey T., Kruz Wyatt, and Damien; one sister, Elois Shinkle of Evendale, OH, and several nieces and nephews.  In addition to his parents and wife, he was preceded in death by a brother, Garry Dale Walls. Friends may visit with the family on Friday, March 2, 2018 from 11 a.m. until 1 p.m. at Cook Rosenberger Funeral Home, 107 Vine Street, Sunman.  Services will begin at 1 p.m. and burial will follow in St. Paul Cemetery, Sunman. Memorial donations can be directed to the American Heart Association or to St. Paul’s United Methodist Church.  To sign the online guestbook or to leave a personal condolence, please visit  The staff of Cook Rosenberger Funeral Home is honored to care for the family of Darrell Walls.last_img read more

first_imgHere, the Rams won again, though by a more modest 49-18 margin that included a sweep of each of the five bouts contested in the lightest weight classes.William BeSeth, at 120 pounds, pinned Matt Choi in 74 seconds, with Jackson Thomas (106 pounds) getting a 92-second pin over Davis Palmer.It took 1:42 for Garrett Williams, at 132 pounds, to finish off Noah Harbinger, with Ethan Wells (126 pounds) outscoring Ayden Johnston 13-8 and Matthew Dougherty (99 pounds) claiming a forfeit. Tags: ESMF-MJ-D/CBAwrestling Everything is about to get decided for the area’s trio of high school wrestling teams.Jamesville-DeWitt/CBA and Fayetteville-Manlius are both heading to Auburn this Saturday for the Section III Class AA championships, while East Syracuse Minoa takes part in the sectional Class A meet at Watertown.J-D/CBA and ESM would go head-to-head last Wednesday night. They had first met Dec. 7 in the Red Rams Duals and it had gone 63-18 in the host’s favor.center_img Elsewhere for J-D/CBA, Tyriq Block, at 195 pounds, pinned Andrew Crone in 3:15 and Muaweyah El-Hindi (215 pounds) took just 21 seconds to pin Max Wunderlich.At 170 pounds, Enver Bultaov held off Ali Abdulla 8-1, while Shoh Alibekov kept his 152-pound opponent, Nick Modlewski, off the board in a 9-0 shutout.ESM got all of its points from three pins. Conor Todd, at 285 pounds, finished off Nikoli Sims in 83 seconds, with Aslan Abdulla (160 pounds) getting a pin of Leonardo Tallarico in 2:42 and Alex Leo (138 pounds) taking 73 seconds to finish off Anyas Goeman.J-D/CBA began its lead-up by taking on West Genesee last Monday night and taking apart the Wildcats 63-17, a result more impressive given the fact that WG had gone 5-0 in the Red Devil Duals at Vernon-Verona-Sherrill just two days earlier.Every bout from 99 to 145 was won by the Rams, ranging from Goeman pinning Jackson Taetsch in 38 seconds to some hard-fought decisions.BeSeth edged Dylan Pitonza 4-3, with Williams holding off Gavin O’Neill 3-1 and Dougherty topping Jack Wade 7-3. Thomas got a 94-second pin over 113-pound opponent Anthony Orendorf as Alibekov took 3:39 to pin Cole Saxon.El-Hindi, Block and Chris Hemingway (285 pounds) all earned pins, with Hemingway finishing off Derek Dishaw in 44 seconds, El-Hindi pinning Peter Dwinell in 62 seconds and Block taking 81 seconds to pin Preston Elia.When F-M had its own match againt West Genesee on Wednesday night, it had a far different outcome, the Hornets falling to the Wildcats 51-27.Alex Dauksza, at 160, won 6-4 over Colin McAvan, while Sawyer Dereszynski (182) pinned Elia in 46 seconds and Liam Malgieri (285) got a 58-second fall over Dishaw. Kyle Sykes, at 120, dropped a close 8-5 decision to Dylan Pitonza as Dan Kenney (170) claimed a forfeit.Share this:FacebookTwitterLinkedInRedditComment on this Story last_img read more

first_imgWisconsin football is mainly known for three things: offensive linemen, tight ends and running backs. Between one 1,000-yard rusher and one four-yards-shy-of-being-a-1,000-yard rusher, James White and Montee Ball are ready to pick up where they left off last season.Entering the much anticipated 2011 season, White and Ball present a dual threat in the backfield that only helps to fuel the expectations surrounding the talented Badger squad.As a true freshman last season, White finished as Wisconsin’s leading rusher with 1,052 yards on 156 carries. Ball didn’t really emerge until after John Clay was sidelined due to injury. With considerably more carries through the second half of the season, Ball finished with 163 carries for 996 yards – disappointingly four yards short of the 1,000-yard mark.If they’ve made one thing clear this offseason, it is the fact that they’re forgetting about last season.“I want to actually break that 1,000-yard mark instead of being four yards shy,” Ball said. “Basically we’re just forgetting about last season because you know nothing is guaranteed this season, so we need to make sure we come to each practice and work hard, harder than we did last year because we know it’s going to pay off in the long run.”One way Ball and White are helping the team work hard and make the running backs even better is by creating some friendly competition between the two of them.Rivalries always make for great games, but a friendly rivalry within the team pushes both Ball and White to be better, to fight for more carries and to ultimately move the ball down the field farther.“We’ve been saying the healthy competition that we have, that [running backs coach Thomas] Hammock keeps trusting us to have, basically that means that if [White] starts a series off and has a long break, I’m going to congratulate him, but you know I want to do even better than that when I go in, and vice versa,” Ball said. “If I have a long break, he’s going to want to have a longer one, a better one, a better move and all that stuff. It’s only going to better the team.”“I think they’re pretty good friends, but at the same time I can definitely see how important it is to them to be out there carrying the ball or catching the ball, or out there in key situations during the season that are going to come up,” Hammock said. “They have a good friendly rivalry.”In a season opener that let UW’s overall talent shine, Ball and White’s rivalry helped them show the nation why they’re one of the top running back duos in the nation.With 11 carries for 64 yards, White scored one touchdown. Ball, with one less carry, also had one less yard with a net gain of 63 yards on the night. With three rushing touchdowns and one through the air, Ball gave one of the many outstanding performances in the UNLV win. While Ball had the initial start, the two switched off throughout the game, pushing each other to do better with each carry.Individually, both Ball and White have taken strides this summer to better their games. By becoming stronger and more competitive in a personal sense, they’ve created a greater rivalry, as well.Once spring camp opened, news of Ball shedding some weight to help better his game was all over town. Ball believes he’s not only speedier at 210 pounds (down from 225), but also that he will remain the power running back that he was through his first two years.“No matter how much you weigh, you’re going to still try to play physical, you’re still going to try to play hard, you’re still going to try to play the game the right way,” Hammock said. “I think if you look at [Ball] and the way he’s practiced, he’s practicing a little more explosive, a little more powerful.”Ball also noted the small change in his play, with crisper cuts and a faster pace.“I know with losing weight, my cuts will be a lot better and I’ll have more speed and I can have a lot more carries,” Ball said. “I know that will better the team.”While Ball’s weight loss was making news, White was also revising his game.White exploded onto the scene last year as a breath of fresh air in a running back corps traditionally renowned for its power. He brought speed and a new dynamic to the Badger running game, despite the fact that he was significantly smaller than his predecessors at Wisconsin.“For me, it was strengthening my legs,” White said of his key offseason changes. “Last year, I probably didn’t run between the tackles as hard as I probably wanted to. For me, it’s getting in the squat rack and getting my legs even stronger than before to help my running game, pass blocking and my cuts.”With their personal changes in tow, the duo are mainly attempting to better the team, while simultaneously fighting for that No. 1 spot on the depth chart – which they currently share.While the season is barely under way, Hammock is confident the strides the two have taken throughout the offseason, as well as the rivalry they’ve fostered, will only help them take their competition to a higher level.“I think they’re doing it,” Hammock said. “It’s important to them. They want to be successful. I think it’s on them. Those are the guys that are out here working every day. I think they’re really taking the right approach and the right mindset to go about helping this team win.”While they’ll tell you nothing is guaranteed and they’re only taking the season at a one-day-at-a-time pass, there’s no doubt Ball and White are aiming for the top of college football.“Last year we didn’t get that victory. This year we’re going to try and get that victory, maybe even go to an even bigger bowl,” White said. “We’re just out here trying to get ‘W’s each and every week.”last_img read more

first_imgAccra Hearts of Oak’s 108th birthday present to itself will be the sod cutting of their Pobiman Academy project.The event will take place on Monday, November 11 at the site of the construction. The event will be the follow-through on the agreement signed between the club and Turkish construction company, Prefabex Yapi Teknolojileri San Ve Tic Ltd. (STL) in August this year.The site will have a staff residence, senior housing unit, gym, training pitches, laundry, a swimming pool, toilet facilities, kitchen, and a dining hall.The project has been part of the club’s plans for years now but a challenge with funding had always help things up until the team’s former CEO, Mark Noonan, did his best to take things further and start some work on the project.It is known when the project will be completed but Hearts are hopeful that they will be able to finish work and put the project to good use.Happy birthday to HeartsThe club was set up in 1911 and they have 20 Ghana Premier League titles to their name as well as 10 FA Cup crowns together with the 2000 CAF Champions League and the 2004 CAF Confederation Cup.Their fans have been celebrating the birthday with some goodwill messages on social media in response to a Twitter post by the club on Monday. In 2001, they won the CAF Super Cup in Kumasi after defeating Zamalek 2-0 at the Baba Yara Stadium.In January 2005, they went past Asante Kotoko 8-7 on penalties to win the inaugural CAF Confederation Cup title. The two-legged final ended 2-2 and penalties were needed to find the winner. Good timesAfter struggling to win the continent’s biggest club competition in 1977 and 1979, Hearts got it right in 2000 when they defeated Esperance of Tunisia 4-2 on aggregate in a two-legged final.They beat the Tunisians 2-1 in the away leg they had to overcome an Esperance goal in Accra and some crowd trouble to win the second leg 3-1 and clinch their first CAF Champions League crown.last_img read more