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Mandate roundup: FRR, National LGPS Frameworks, IPE Quest

first_imgIn the event of any underlying fund’s being invested outside France, the manager of an FRR fund will, for example, have to negotiate a clause with the underlying fund to excuse the FRR fund, according to the tender documents.The underlying investee funds could be regional or national funds investing in very small to medium-sized companies seeking capital investment for different development purposes (risk capital, development capital and transfer capital).However, FRR has ruled out participation in turnaround and “hostile” financing operations.Caisse des Dépôts et Consignations (CDC) will be the depositary of the FRR funds.The deadline for applications is noon (CET) on 29 July.Elsewhere, Norfolk County Council, which has been overseeing the National LGPS Frameworks, has put out to tender a multi-provider framework agreement for stewardship advisory services.It is seeking bids for five types of services: voting, engagement, voting and engagement, stewardship research and data services, and “stewardship-related project services”.The latter includes advising on “issues such as fossil fuel investment, human capital management, etc.” and providing advice on “preparing stewardship due-diligence tools for specific asset classes, e.g. real estate, forestry, etc.”.The voting and engagement services being sought include supporting clients in relation to meeting stewardship best practice, such as that set out in the UN Principles for Responsible Investment and the UK Stewardship Code.Providers can bid for any or all of the mandates, which the council has valued at between £4m (€5m) and £10m, depending on the take-up of the framework.As a National Framework, it can be used by any of the local government pension schemes (LGPS), the asset pools they are in the process of forming to meet government demands, and other public pension funds such as the Pension Protection Fund (PPF).  The framework agreement is for four years, with “call-offs” up to seven years.In other news, a Benelux institutional investor has tendered a global high-yield bond mandate via IPE Quest.The size of the mandate has not yet been decided.According to search QN-2201, the procurement process is not for an immediate investment need, and the client is undecided whether it will fund the mandate.The mandate is for a core investment style, using “enhanced and active” processes.While the maximum level of tracking error will be 5%, the benchmark has yet to be decided.Interested parties should have at least €2bn in high-yield bonds under management, and €3bn of total assets under management.Investment managers should have a track record of at least five years, although 10 is preferred.They should submit performance, gross of fees, to the end of May 2016 by the close of business on 6 July. The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected],WebsitesWe are not responsible for the content of external sitesLink to FRR tender documents (in French) France’s €36.3bn national reserve fund, the Fonds de Réserve pour les Retraites (FRR), has taken a further step in the implementation of a new allocation to illiquid assets, having put out to tender up to €400m in mandates for domestic private equity investment.The reserve fund has already launched a €600m private debt tender and recently secured a rule change to allow it to invest more in investment funds, which it will use to meet its targeted allocations to infrastructure and property.Last week, it launched a procurement process for indirect capital investment in unlisted French companies.It is looking to award up to four mandates for investment managers to establish and manage funds for FRR that are to invest exclusively in investment funds whose objective must be to invest at least 80% of their assets in unlisted French companies’ equity capital.last_img read more


first_imgARCADIA, Calif. (Oct. 26, 2016)–Three Irish-bred fillies, Danilovna, Lady Valeur and Nodiac, along with English-bred Belvoir Bay, head a wide open field of 10 three year old fillies going one mile on turf in Saturday’s Grade III, $100,000 Autumn Miss Stakes at Santa Anita. NODIAC: Trained by Phil D’Amato, she flew from far back to be third, beaten 1 ¼ lengths by Belvoir Bay in the Unzip Me Oct. 1. Owned by Little Red Feather Racing and Marsha Naify, this Irish-bred daughter of Kodiac is 3-1-1-1 at a mile on grass and sports a 9-2-2-4 mark overall. As she did down the hill, look for her to try and exploit a fast early pace scenario. DANILOVNA: An impressive come from behind winner of her U.S. debut at Belmont Park on Sept. 22, this Graham Motion-conditioned daughter of Dansili will cut back in distance from a mile and a sixteenth on turf in what will be her fifth career start. Owned and bred in Ireland by Bjorn Nielsen, she was away slowly at Belmont and will hope to break running on Saturday with Flavien Prat engaged to ride. BELVOIR BAY: Owned by Team Valor International and Gary Barber, she has won three out of her four Southern California starts and seeks her third consecutive victory for trainer Pete Miller. A gate to wire winner of the Unzip Me Stakes going 6 ½ furlongs down Santa Anita’s hillside turf on Oct. 1, the English-bred has one win from three tries at a mile on turf. She is 10-5-1-0 overall. LADY VALEUR: A good second two starts back in the one mile turf San Clemente Handicap on July 23, this Paddy Gallagher-trainee made the early running in the Grade I, 1 1/8 miles turf Del Mar Oaks prior to tiring and finishing ninth. Idle since, she has the look of a fresh and dangerous commodity for Eclipse Thoroughbred Partners and retains the services of leading man Rafael Bejarano. With all of her races coming on grass, she has two seconds at a mile and is 9-2-4-0 overall. THE GRADE III AUTUMN MISS STAKES IN POST POSITION ORDER WITH JOCKEYS & WEIGHTSRace 8 of 9                                                                                                          Approximate post time 4 p.m. PDT Danilovna–Flavien Prat–120Great Page–Tiago Pereira–122Lady Valeur–Rafael Bejarano–120Cover Song–Kent Desormeaux–120Barleysugar–Gary Stevens–122Nodiac–Santiago Gonzalez–120Lookout Sister–Martin Pedroza–122Sweet Dragon Fly–Joe Talamo–120Dreamarcher–Mario Gutierrez–122Belvoir Bay–Norberto Arroyo, Jr.–124First post time on Saturday is at 12:30 p.m. For scratches, late changes and complete morning line information, please visit santaanita.com.last_img read more

Warriors’ Eric Paschall to return from hip issue Wednesday vs. Trail Blazers

first_imgSAN FRANCISCO — After a two-game absence with left hip soreness, Warriors forward Eric Paschall will return for Wednesday night’s game against the Trail Blazers in Portland.Paschall has undergone daily treatment on what became a lingering injury. Golden State cautiously held out Paschall, a potential Rookie of the Year candidate, in losses to the Jazz and Kings.The No. 41 pick in June’s draft, Paschall, 23, has averaged 16.1 points, 5.0 rebounds, 1.7 assists and 30.9 minutes per game in 25 …last_img read more

Italy Waffles on School Darwinism

first_imgIt’s not just an American thing; the politicians and scientists in Italy, also, are polarizing around Darwin.  The education ministry just dropped a requirement to teach evolution in elementary and middle schools as part of a major overhaul of education guidelines.  A news brief in the April 28 issue of Science1 claims that pressure “may” be coming from the “far-right” Alleanza Nationale, part of the ruling coalition government.  Earlier this year, it sponsored an “Anti-evolution week” in which a spokesman called evolution the “hegemony of the Left” in Europe and the “antechamber of Marxism”    The backlash by “leading scientists” was strong and predictable, reported Access Research Network.  Rossella Lorenzi, writing in The Scientist, said that Darwin was back in school the next day, after the minister of education was inundated by letters and emails.  Letizia Moratti alleged that it was “absolutely false” that evolution had been banned from primary and secondary schools; she reassured the press that evolution will be taught starting in primary school.  She even appointed a committee of scientists to provide guidelines for the teaching of evolution.    One of the pro-evolution scientists is organizing a “Darwin week” in June, “in which universities and natural history museums across Italy will hold seminars on teaching evolution.”  Science points out that the Roman Catholic Church has “no objections” to Darwinism, but quips, “As visitors to the Sistine Chapel can see, Italy has a long history of creationism.”    Meanwhile, back in cowboy country, the evolution wars are still raging in Darby, Montana (see 02/27/2004 entry).  The “objective origins policy,” that allows for criticisms of Darwinism without offering up alternatives, has divided the community.  According to The Ravalli Republic, it’s coming down to the outcome of the next school board elections.1“Darwin in Italy,” Random Samples, Science, Volume 304, Number 5671, Issue of 30 April 2004.Interesting that the Italians can connect the dots between Darwin and Marx, but American scientists pretend evolution is religiously neutral.  Also notice that Science treats Darwinism and evolution as synonymous.  Some evolutionists try to wriggle out of that connection and claim that Darwinism only refers to one discredited mechanism of evolution.  Is Darwinism really the hegemony of the Left?  We need a research project to see how many hard line Darwinists are also leftists.  Bets are the correlation would be high.  Most editorials that touch on politics in the elitist science journals usually show a distinctly anti-conservative, liberal-left slant.  Even this article didn’t hesitate to label the anti-evolutionists “far-right” but avoided attributing the label “far-left” to the Darwin Party.  It is instructive to note that Charlie and his fallen angels were all radical leftists of their day.  Just a coincidence, presumably.  Also coincidental that Marxists idolized Charlie and closed churches, turning them into museums of atheism.    Science puts the usual spin on the controversy.  Creationism is linked with religion on the one hand, but in the same sentence the writer claims the “influential” Roman Catholic church has “no objections” to Darwinism.  Well, which way is it?  Michelangelo was Roman Catholic, and depicted God creating man instantly ex nihilo, not by millions of years of time and slime.  Another spin is claiming that “leading scientists” [read: Big-Science elitists] are leading the protest.  The reader is presumably left to deduce that all scientists accept evolution but only a few “far right” religiously-based politicians are against it.  The power of the Darwin Party is still formidable.  Sadly, the Italian government didn’t have the guts to stand up to their onslaught.  It not only caved in, but even gave them more than they had before: a Darwin-Party committee to oversee the teaching of evolution.  Anyone want to bet they will recommend “teaching the controversy”?    The news item says, “The government’s rationale, according to an education ministry official, was that students under 14 are far too young to be confronted with such complex material.”  Scientist-protestors countered that physics and mathematics are also difficult, but that doesn’t stop us from teaching those subjects.  Well, then, why do they use that same rationale, that teaching the controversy about Darwin is too complex and difficult for young minds?  A mind that can learn about gravity can just as easily comprehend the fact that Darwinism has major scientific problems.  Italy’s motherly-protection excuse is weak.  We suggest the opposite approach.  Tell the Marxist-Darwinist-Leftists that Italian children are too precocious and perceptive to be fed a diet of evolutionary just-so stories.    Maybe you thought Marxism went out of style when the Berlin wall fell.  As long as Darwinism is the hegemony of the Left, the Marxists are waiting in the antechamber.  Lest we forget, we should remember what Stalin, the would-be priest who became an atheist after reading Darwin’s abominable volume, did to the “creationists” of his day.  Read this account and you will see why the Italians have good cause for alarm.  It should be required reading during Anti-Evolution Week.(Visited 44 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Ohio’s Crop Progress — November 7th, 2016

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Rain slowed down some of the farming activities but warm sunny days afterwards made harvest and some tillage possible, according to Cheryl Turner, Ohio State Statistician with the USDA’s National Agricultural Statistics Service. There were 5.7 days available for fieldwork for the week ending November 6th. Corn harvest is progressing but many fields remain with high grain moisture levels. Fields with mold and re-sprouting issues continued to be observed. Some soybean growers are looking for frosts to help with soft ground and green stems. Winter Wheat seedings are almost complete and condition is rated at 84 percent good to excellent, compared to 65 percent last year, when topsoil moisture shortages were more of a factor. Moisture levels of grain harvested over the week averaged 18 percent for corn and 12 percent for soybeans.Click here for the full reportlast_img read more

How to Soften Your Sharp 4K DSLR Video Footage

first_imgSuper sharp footage is great when you need it, and not so great when you don’t. Here’s how to soften it — during production and in post.Cover image via chuyuss.There’s no denying the speed at which camera technology is progressing. A few years ago, the technology we have in our hands now (at the prices we paid for it) was the pipe dream of late-night forum posters. I can only imagine that within the next decade we will be seeing technology from the likes of RED in the latest release of Panasonic’s newest mirrorless camera. Perhaps. However, we can’t disregard the quality of what DSLRs and mirrorless cameras are producing now. So much so that, sometimes, the images might be too sharp when you’re going for a film look.The sharpness and clarity of modern DSLRs and mirrorless cameras yields outstanding results. This is perfect for capturing travel videos at such high quality that they will transport the viewer to foreign destinations. However, ultra-sharp imagery isn’t necessarily a calling card of the “film look.” Of course, multiple elements and properties add to the look that new and aspiring filmmakers strive for — camera properties are just a part — but the sharpness of cameras, like Panasonic’s GH5, can often make the footage feel more like amateur HD video than something you would find in a cinema.Thankfully, there are a number of things you can do to keep your footage from appearing overly sharp. Let’s take a look.I’ll be using the GH5 for the in-camera example, and DaVinci Resolve 15 for the post-production methods, but the solutions are sound across all devices and editing programs.In CameraWay back when the 5D Mark II was the most innovate DSLR on the market, and before the Cinestyle picture profile debuted, customizing your picture profile was essential. The 5D Mark II’s standard profile was harsh with contrast and abundant with color — adjusting the picture profiles was only the real way of getting extra legroom so you could manipulate the image in post. Reducing the sharpness was almost as important as removing the lens cap.Thankfully, over the years that followed, the “DSLR Revolution,” many brands incorporated video-friendly profiles — such as CineD and CineV found on Panasonic’s GH4/5/5s series, or even log profiles for a few models. However, as these profiles specifically cater to filmmakers, there’s a tendency to leave them as they are. Yes, you can use them exactly as they were installed, but by lowering the in-camera sharpness, you’ll be capturing a softer, more film-like image.You may be initially inclined to think that your images will look like they’ve been shot with a filter that’s been smothered in Vaseline, but rest assured, that’s not the case. Below you can see an image shot with the sharpness at minus five on the left, and at default sharpness on the right (shot in the V-logL picture profile). From the standard default upload that we can provide, it may appear as if there has been little to no change.Upon zooming in 150%, you’ll be able to see the difference.A subtle difference at most, but this is what we want. You can see that the details are still there, just not as fine. By reducing the in-camera sharpness, you will slightly mitigate that HD sharpness.FiltersIf you’re working with an older DSLR or mirrorless camera that doesn’t have an adjustable sharpness feature when in movie mode, then you can look at using a diffusion filter to lessen the sharpness of your image. We’ve previously covered on the A-Z on diffusion filters in “The World of Diffusion Filters,” but to summarize that article in one sentence, a diffusion filter softens your image and generates a haze around bright objects. In the video below, filmmaker Chrystopher Rhodes gives visual examples of the difference a diffusion filter will make regarding the sharpness of your subject.However, it is important to note that diffusion filters are going to give your image some haze (depending on the strength of the filter), and they may produce unwanted and irreversible effects.In Post (Resolve 15)Of course, if you want to retain the sharpness of the original footage (perhaps to pull 4K and 6K stills for marketing), the best approach is to soften the images in post-production. At first, it may seem obvious to just reach for the blur tools. However, there is a stern difference between blurring an image and softening the sharpness. In Resolve 15, you can find the perfect tool to help you soften your super-sharp 4k footage: the Soften and Sharpen effect.You can find this effect on the color page and in the OpenFX panel, and thankfully, it’s another Resolve tool that is incredibly straightforward. The effect is split into three panels, but the first panel is ideally where you need to direct your focus. There are three sliders: small texture, medium texture, and large texture, and each slider will affect your image properties differently.For example, the large texture slider, when entirely decreased, will soften the image as a whole as Resolve is reading the input to focus on the large texture of the images. You will notice a difference when looking at the edges of objects. The smaller details will still be visible, but for the most part, it will feel like the focus is just a millimeter off. The small texture slider, however, refines its focus on the smaller textures, and this will directly affect the skin, brickwork, concrete, clothing textures, and so on — all the elements that, when sharp, we as editors notice.These sliders are incredibly powerful, and you only need to decrease them slightly or your image will look too processed. What’s the correct amount? Well, that’s going to depend on your image. Each camera model will need a different level of sharpness — there’s no one setting to use. But on the GH5, I have found that the small texture at -0.200, and medium texture at -0.250 helped remove that 4K sharpness while retaining the images’ details. In the still above, you can see that the features of the velcro hooks aren’t as apparent. Remember, we still want to see the small details, just not as much.Film GrainIn 2017, we published an article titled “How Heavy Grain Overlays Are Affecting Your YouTube Upload.” In the report, I documented how YouTube’s compression would heavily reduce the sharpness of videos that had used heavy grain overlays. These grain overlays would consist of heavy noise, dust, hair, and flicker. On the desktop, this grain was very noticeable and added to the desired effect of aging my footage somewhat. Online, however, YouTube heavily compressed the grain, and while it was still apparent that there was grain on the clip, it was softened, and as a result, it also softened the upload.Of course, this is a bit of a last resort for online uploads. I don’t think it’s practical to think in pre-production “Let’s leave softening our footage until we need to upload to YouTube.” However, if after an initial test upload it appears that your footage is too sharp, and you don’t have the time to tweak each clip individually, a heavy grain overlay may be your answer.Looking for more filmmaking tips and tricks? Check out these articles.Post-Production Tips: How to Save Corrupted Footage7 Reasons Why You Should Be Using Blackmagic’s URSA Mini ProFree Practical Lighting Techniques for a Cinematic LookSix Videography Tips for Shooting in Direct SunlightUnderstanding the Opacity Blend Modes in Adobe Premiere Prolast_img read more

10 months agoInter Milan striker Gabriel Barbosa offered to West Ham

first_imgInter Milan striker Gabriel Barbosa offered to West Hamby Paul Vegas10 months agoSend to a friendShare the loveInter Milan striker Gabriel Barbosa has been offered to West Ham.The Sun says Inter have made the 22-year-old available on loan to the Premier League after sending him to Santos in his homeland.Manuel Pellegrini is weighing up his options in the January window and whether he could boost his attack with the Samba star.The Hammers boss will assess all his transfer targets before a decision is made on “Gabigol”, who says he wants to speak to Inter this week about his future.Gabriel put himself on the global map when he started at Santos but did not settle in Europe before heading back to South America.But being made available has put clubs on red alert for a player who forced his way into the Brazil team two years ago. TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

Maroons Commended for Living Peacefully

first_img Mr. Shaw was addressing the 280th anniversary celebrations to mark the signing of the Peace Treaty between the Accompong Town Maroons and the British in 1738, in the community, on January 6. Mr. Shaw said the Maroon experience is a prime example that there is hope for redemption and rebuilding of the nation. “After 280 years of your own story of courage and hard work, we have had too much of the wrong things that have held us down as a people. But I believe in restoration,” he said. Minister of Finance and the Public Service, Hon. Audley Shaw, has commended the Accompong Town Maroons for being a beacon of hope and a shining example of peace and prosperity, for the rest of the nation. Story Highlights Minister of Finance and the Public Service, Hon. Audley Shaw, has commended the Accompong Town Maroons for being a beacon of hope and a shining example of peace and prosperity, for the rest of the nation.The Minister said the fact that Accompong Town in St. Elizabeth, had registered only two murders in 280 years, made it the most peaceful place in Jamaica, and a role model for other communities.Mr. Shaw was addressing the 280th-anniversary celebrations to mark the signing of the Peace Treaty between the Accompong Town Maroons and the British in 1738, in the community on January 6.The treaty ended decades of hostilities and made Accompong Town a sovereign State, with full freedom for its inhabitants, and complete jurisdiction over their territory, including judicial powers, with the exception of the death penalty.“On this day when we are celebrating freedom and Jamaica is celebrating Independence, we have a lot of work to do. We need now to ensure that we recognise that freedom means that we have freedom to be responsible citizens,” Mr. Shaw said.“Freedom means that we must educate our children. We need to be free to promote peace, not war; and we need to be free to be productive in all that we do with honest labour,” he added.Mr. Shaw said the Maroon experience is a prime example that there is hope for redemption and rebuilding of the nation.“After 280 years of your own story of courage and hard work, we have had too much of the wrong things that have held us down as a people. But I believe in restoration,” he said.“The Maroons tell us there can be restoration and the Bible tells us that too. We need to restore and repair the breach of love and respect for human life. We need to restore the breach of productivity, and we need to restore the breach of protecting and caring and nurturing our children, understanding that they are our future,” the Minister added.Meanwhile, Mr. Shaw told the participants that the Government will be putting plans in place to ensure that all Jamaicans who have an interest in agriculture and other areas of the productive sector, have ease of access to idle lands across the island, so they can quickly put these into productive purposes.“There is too much idle land in Jamaica; and people want land to produce and create wealth,” the Minister emphasised.last_img read more

GoodBulk Upbeat on Capesize Market

first_imgzoomImage Courtesy: Goodbuulk Dry bulk vessel owner and operator GoodBulk believes that secondhand Capesize vessels currently represent the most attractive risk adjusted return opportunity. “As such, the company continues to focus its capital allocation to this segment,” the company said announcing its business results for the third quarter of the year.The third quarter of 2018 saw a continuation of the improvement in the Capesize market as measured by the benchmark Baltic 180,000 dwt 5TC index (BCI). GoodBulk said that Capesize rates in July and August were the strongest so far this year with July averaging USD 23,952 per day and August averaging USD 25,209 per day, 195% and 57% above the same months of last year, respectively.As disclosed, September rates moved lower mainly due to softening coal imports into China as the nation had ample stocks to feed its power stations. Capesize rates averaged USD 17,177 per day, 13% lower than the same month last year. The market started to improve slowly in October with rates averaging USD 18,602 per day.The strong market pushed the company’s revenues and net other operating income (expenses) to USD 56.2 million, and net income of USD 14.5 million in the third quarter of 2018, against USD 0.7 million profit posted last year.For the nine months GoodBulk reported a net income of USD 27.2 million, a major boost from USD 1.2 million booked in the same period in 2017.“Management remains optimistic that supply and demand fundamentals in the Capesize market will remain strong supported by historically low fleet growth and growth in tonne miles,” the company pointed out.Commenting on the installation of ballast water treatment systems (BWTS), the dry bulker owner said this would be evaluated on a case by case basis depending upon the age of each ship and the market conditions at the time of the required installation. Currently, no BWTS investments are planned before 2020.Following delivery of the two Capesize vessels in October 2018, GoodBulk controls a fleet of twenty-five Capesize, one Panamax, and two Supramax dry bulk vessels with an average age of 9.5 years. Supramax vessel MV Aquapride was sold in July and it is expected to be delivered to its new owner in November 2018.last_img read more

After School Homework Help Program coming to Fort St John

first_imgFORT ST. JOHN, B.C. – A peer-to-peer after-school program to help students with completing homework is coming to Fort St. John.This program, in partnership with the Fort St. John Literacy Society and the North Peace Cultural Society, will provide homework tutoring to students needing a little extra help outside of school hours.Executive Director of the Literacy Society, Jessica Kalman, says she is thankful for the volunteer support that the program is receiving. “We are so excited to be able to offer this service and thankful to all of the volunteer tutors that have already signed up to help out.”The After-school Homework Help Program is taking place at the North Peace Cultural Centre on Mondays and Wednesdays from 4-5:30 p.m. starting on Monday, November 26.To register as a learner, you can call 250-785-2110 or email [email protected] to ensure a tutor in the subject needed is available.last_img read more