The fiduciary management industry saw assets under management increase 21% to reach £172bn at the end of June this year, up from £142bn as at end-June 2018, according to new research from KPMG. The firm’s 2019 UK Fiduciary Management Survey found the total number of mandates in the industry rose by 10% to 946 in the 12 months to 30 June 2019, following the 9% growth in mandates over the preceding 12 months.The survey results are based on responses received from 19 established fiduciary managers operating in the UK pensions market – including Aon Hewitt, Legal & General and Cardano – using data for the 12 months to 30 June 2019.Anthony Webb, head of fiduciary management research at KPMG, said: “The return to growth in the market is encouraging, but the increase in new mandates has not yet reached previous levels of 15% annual growth.” Webb said the sizeable boost in assets under management was significant, but had been helped by rising Gilt values and high levels of liability hedging.He said he believed that mandates had been held back by the recent Competition and Markets Authority (CMA) investigation into the industry.He commented: “We expect next year’s survey to capture a surge in tenders, as some early adopters are required to go back to the market and retender to meet the CMA’s requirements.”Meanwhile, the survey also found that despite a surge in interest in environmental, social and governance (ESG) issues, few pension fund trustees are going beyond the minimum requirements.Nearly all (98%) of the trustees surveyed were engaging with their fiduciary managers on ESG matters, compared with just over half last year (58%).But most (87%) had conducted no more than a light-touch review of ESG, only one in ten (10%) had thought about it carefully, and a mere 1% had taken bespoke action, according to the survey.Many trustees are heavily guided by their providers’ default positions, the survey showed.Webb said that the concern of trustees and investment committees for ESG matters appeared not to have led to changes in behaviour.He said: “We have seen most pension schemes undertake ‘light touch reviews’ whereas it is the next step of designing and implementing bespoke policies that could lead to real action.”When asked about their “end-game” plans for their full UK mandates once they have reached full funding on a long-term objective, nearly half (44%) of fiduciary managers said they would look for a buy-out, while just over a third (38%) suggested a run-off.
Santa Clara police have been notified about the discovery of a man’s body as their investigation into the disappearance of a 49ers fan last week continues.Authorities said fishermen discovered the body Saturday afternoon. Divers with the Santa Clara County Sheriff’s Office recovered the body from the waters near the Alviso Marina Boat Launch area in San Jose on Saturday, according to a report from KGO-TV, this news organization’s media partner.While San Jose police have jurisdiction over the …
Team Wits-CSIR presenting their innovativeBio-tweet project to IGEM delegatesin Amsterdam.(Image: Daniel Solis)MEDIA CONTACTS • Dr Marco WeinbergWits School of Pathology+27 11 717 2561RELATED ARTICLES• SA at front line of GM research• Sci-Bono CEO gets French knighthood• Ground-breaking find by SA researcher• SA scientists win AU awards• SA universities among the bestChristel JordaanFive students from the University of the Witwatersrand (Wits) and their team of advisors became the pride of the nation when they were selected as one of the top three teams in the regional semi-finals of the annual International Genetically Engineered Machine (IGEM) competition, held in Amsterdam at the beginning of October.The students and their project, known as Bio-tweet, competed against 2 000 entrants in more than 160 teams, representing over 30 countries.Bio-tweet was inspired by the concept of social networking, and uses those principles to allow bacteria to assimilate and exchange information in the fight against disease in the body.The South African team worked in partnership with the Council for Scientific and Industrial Research (CSIR) to develop their entry for the prestigious technological competition.They competed in the European regional round, hoping to win one of 18 places to the final, which will take place at the Massachusetts Institute of Technology (MIT) from 4 to 7 November.Up against teams from institutions such as the Munich Technical University, the Paris Descartes University, and the universities of Edinburgh and Potsdam, Team Wits-CSIR did not disappoint. They were selected as one of the top three finalists and also walked off with the honours in two of the 10 special categories – best poster, and best experimental measurement approach.They are the only African team, of three entrants, to make it to the final round.Bacteria to the rescueTeam Wits-CSIR comprises Sasha Reznichenko and Ezio Fok, both specialising in molecular medicine; microbiologists Gloria Hlongwane and Natasia Kruger, who are also biotechnologists; and Bradley Marques, a specialist in the field of information engineering.For IGEM 2011, the students were assisted by their advisors Michelle Robinson and Laura Millroy, and various other experts.Their “tweeting” innovation could help the human body to fight cancer, said the team. Using the Escherichia coli bacterium, found in the human digestive system, they engineered the organism to change colour when it comes into contact with certain substances. Thus, the bacterium becomes a marker.The team also developed a technique that enables certain types of bacteria to set up a communication network after a substance has been identified, and react to the presence of the substance by performing a specific task. Bacteria will communicate with each other using chemical signals.According to Robinson, this technique could be used to effectively train bacteria to seek out cancerous, and other dangerous cells and kill them. Other potential applications in industry include the identification and destruction of contaminants, or the collection of economically important substances.The team was overjoyed at their success in the regionals, and is looking forward to the final showdown in Boston, US, in early November.“We had aimed to do well in the competition but never dreamed we would be in the top three, when the competition is so fierce,” said Kruger after the award ceremony.“We have faith in our ability to do South Africa proud,” added Hlongwane, “We will give it everything we have and show the world what South Africa has to offer.”Growing interest in synthetic biologyThe IGEM competition began in 2004 as a holiday project for MIT students who were interested in synthetic biology, a fast-growing field that involves the design of biological systems that don’t occur naturally. This exciting competition went international in 2006 and attracted 32 teams. Just five years later, the number of teams has grown to over 160.IGEM’s goal is for participants to create biological “machines” by combining the principles of biology and engineering. There are many useful applications for such organisms, ranging from the decontamination of radioactive effluent to a vaccine that fights the bacteria that causes stomach ulcers.Teams in the regional stages are given kits containing biological parts, which they then use to design biological systems that can operate in living cells.The competition’s high profile will also hopefully help to demystify the idea behind genetically modified organisms, a concept still viewed with suspicion by many.During the 2011 National Science Week the Wits-CSIR team interacted with schoolchildren and explained the many ways in which synthetic biology and genetic engineering can benefit people. They also hoped to interest children in making a future career in science.
Originally the promoter had encouraged fans to hold onto their tickets for a rescheduled show.The cancellation deals another disappointment to about 10,000 fans who were blindsided when Cher cancelled her Winnipeg show last month — nearly an hour after her opening act had finished their set.Concertgoers were told the 73-year-old singer was stricken by a “sudden short-term illness” that prevented her from performing.Cher tweeted an apology to fans the following night saying she was “literally (heartbroken),” using a brokenheart emoji.“It truly hurts me to disappoint fans who are excited about coming to see my show,” she added in the tweet.Cher pushed onwards with her tour in the days after her illness, playing four other western Canadian cities.Live Nation says tickets purchased online and by phone will be refunded automatically while other tickets can be refunded at the point of purchase.By The Canadian Press LEAVE A REPLY Cancel replyLog in to leave a comment WINNIPEG — Cher won’t be turning back time to play Winnipeg after all.Several weeks after a sudden illness left the pop diva’s fans hanging inside the venue, organizers say plans to reschedule her concert have been scrapped.Live Nation blames “scheduling difficulties” for making a new date for Here We Go Again at Bell MTS Place impossible. Facebook In this July 6, 2011 file photo is Cher in Los Angeles. (AP Photo / Chris Pizzello, file) Advertisement Advertisement Login/Register With: Advertisement Twitter
The .NET team has announced that have completely moved the .NET Core platform to RyuJIT, the compiler written in-house by Microsoft. The team had been long working on this shift to make the compilation faster for .NET Core applications given that web applications today take time to start up. JIT compiler is a program that converts the instructions written in .NET Core to native machine code so that it can be sent to the processor for processing action. The JIT compilers have become a standard to support the compilation for various platforms. They are an improvement over the traditional compilers which require the programs to re-compile when using on different computer systems. RyuJIT is developed by the .NET Core team as the next generation 64-bit compiler that will compile programs twice as fast. The .NET Core compiled with this JIT compiler is recorded to have 30% improved faster start-up time. Also the apps compiled with the RvyJIT produce great code that run efficiently on the servers. The most important factor that helped the performance was basing the RyuJIT to x64, shifting from x86 codebase. One of the major stability factors this will bring is that .NET programs will perform consistently across various architectures and will provide compatibility for .NET programs across the platforms like ARM, mobile, among others. This will help developers maintain a codebase that compiles on both 64-bit and 32-bit compilers and perform on both types of systems. The .NET team has promised the stability of the platform after this move and are expecting the performance to improve. The team is inviting developers to join the community and has put the documentation for the RyuJIT on the GitHub repository. Read next Applying Single Responsibility principle from SOLID in .NET Core Microsoft Open Sources ML.NET, a cross-platform machine learning framework What is ASP.NET Core?
Tags: Saint Lucia Share << Previous PostNext Post >> SAINT LUCIA — The Saint Lucia Tourist Board’s annual travel agent incentive program SLAM (Saint Lucia Agent Months) is gearing up for a July start. Now in its seventh year, SLAM’s aim is to showcase Saint Lucia to visiting travel agents so that they have an intimate knowledge of the island. It is also an opportunity for the agents to conduct site inspections at various hotels.“Travel agents are vital to the success of any tourist destination, a fact that the Saint Lucia Tourist Board never loses sight of,” says the SLTB. The SLAM promotion runs through Nov. 30 and includes special rates on accommodations, tours and attractions. A wide range of hotels and resorts are participating in SLAM and they include: Alize Inn, Anse Chastanet, BLU St. Lucia, BodyHoliday Saint Lucia, Coco Palm, Fond Doux Plantation & Resort, Harmony Suites, Hotel Chocolat, Jade Mountain, La Dauphine Estate, Marigot Beach Club & Dive Resort, Rendezvous, St. James’s Club Morgan Bay, Sugar Beach – A Viceroy Resort, Ti Kaye Resort & Spa and Villa Beach Cottages.Travel agents can also take advantage of tours and attractions provided by Rainforest Forest Sky Rides/Adventures St. Lucia, Botanical Gardens and Diamond Falls among others. SLTB’s Director of Marketing – USA, Kelly Fontenelle-Clarke, lauds SLAM as “a great way for the travel agents to experience the destination while they get updated on all the product offerings that Saint Lucia has to offer their clients”. An added bonus of SLAM is that agents can save 50-70% off published fares via WestJet Vacations when they book and travel by Dec. 15. Blackout dates will apply. Interested agents should call WestJet at 1-877-664-3205 to take advantage of the airline’s travel agent discount program.More news: Marriott Int’l announces 5 new all-inclusive resorts in D.R. & MexicoFor more information about SLAM click on the Travel Trade link at stlucia.org. Saint Lucia’s tourism sector is poised to undergo significant expansion within the next few years. A number of major hotel projects will see the island’s tourism room stock increase by 2,000 rooms over the next four years. Already for this year, the Royalton Saint Lucia Resort and Spa has opened its doors with 455 rooms in two hotels one catering to families and the other, adults only. Serenity Villas at Coconut Bay Resort, has also unveiled its 36 luxury villas and the Harbour Club is to open in September with 117 rooms.Work will begin on the Fairmont Saint Lucia Resort in Sabwisha, Choiseul in September this year. This resort will be a unique space that integrates local nature, a low-rise building complex and a wide range of recreational facilities. The hotel will include 120-five-star hotel rooms, 37 villas, three restaurants, a spa, commercial areas for local producers and traders and three swimming pools.The Reduit beach will be redeveloped and will become the home of a luxury five-star dual branded hotel called Curio by Hilton. This property will be built where the Rex Resorts was previously located. The Curio by Hilton will feature 500 luxury rooms; 350 rooms assigned to the Hilton and 150 assigned to the Curio by Hilton. Work on this property will begin within the last quarter of 2017.Work should also commence on the Honeymoon Bay Resort in Cannelles very soon, says the SLTB. This resort will consist of two hotels. The first is a 250-room 5-star luxury, family all-inclusive hotel and the second is an 80-room, 5-star luxury hotel. This resort will feature an 18-hole golf course and clubhouse and a museum.More news: Sunwing ready to launch Mazatlán-Quebec City direct this winterMeanwhile Range Developments signed an agreement with Saint Lucia’s government to acquire the Black Bay lands and develop Black Bay into an integrated master planned luxury touristic community. The Black Bay Master Development will consist of a luxury branded hotel and villas with other amenities set on 180 acres on the southern tip of the island. The hotel is expected to have 180 rooms and will be the central anchor of the Black Bay Master Development. Initial site works are expected to commence in the fourth of quarter of 2017 or the first quarter of 2018 and the hotel is expected to be complete by the end of 2020.Sandals Resorts International has confirmed plans to add a fourth resort on Saint Lucia. The property will offer 350 rooms and suites inclusive of the exotic Sky Pool Butler Suites, all-butler signature swim-up Rondoval Suites and an infinity-edge sky pool bar. Groundbreaking for the project is set to begin in 2018.In addition to hotel developments the island is also looking to create and capitalize on the concept of village tourism. Eight fishing villages will be transformed into unique tourism villages based on their attributes and strengths, says the SLTB. Travelweek Group
July 31, 1997Tying rebar for the last floor slab in the HDT.