Inner city

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Dutch funds holding back on rate hedge adjustment

first_imgPension funds are increasingly looking into the hedge interest rate risk but will not rush to adjust cover despite record-low rates, Dutch consultants have suggested.According to Martijn Euverman, actuary and partner at consultancy Sprenkels & Verschuren, a possible reduction of the level of hedging is on top of the agenda of schemes’ boards.“Hedging against falling interest rates has been a good strategy during the past years, but rates have come down so far that the risk of a further drop is limited now,” he told IPE’s sister publication PensioenPro.“And with the current low interest levels, solvency requirements for pension funds are lower, allowing them to take more interest risk,” he argued. “Moreover, rising interest rates would have a negative impact on returns.” However, Edward Krijgsman, investment consultant and team leader at Mercer, noted only a few clients had decided to implement a limited reduction in hedging, and based this on earlier decisions.“We observe pension funds want to discuss this with their [stakeholders] about risk attitudes as prescribed by the new financial assessment framework (FTK),” he said.“In addition, while rates are still decreasing, pension funds also seem to be waiting for clarity about the effect of the ECB’s bonds purchasing programme on interest rates.”In Krijgsman’s opinion, many pension funds are not in the position to reduce their interest hedge anyway.“If their coverage ratio is low, reducing their hedge would mean increasing the risk for liabilities, unless they reduce risk elsewhere in their portfolio,” he explained.Mike Pernot, actuary at consultancy Aon Hewitt also found pension funds did not have concrete plans to decrease their interest rate hedge.“Ten years ago, we thought that an interest level of 3.7% was a historic low, and last year we thought that interest rates couldn’t drop any further,” he said, explaining schemes reluctance.Pernot said he expected that pension funds first wanted to look at the interest hedge as part of a new asset-liability management study and feasibility check, following the new FTK.“Moreover, pension funds with a reserve shortfall are only allowed to change their risk profile once, while schemes with a funding shortfall cannot adjust their risk exposure at all,” he added.The comments of the consultancies came after Dutch pension funds reported record results over 2014, which were mainly boosted by an extensive interest hedge through government bonds and/or interest swaps.The €17.5bn pension fund for the retailsector (Detailhandel) said it returned 34.3%, with 20.3 percentage points attributable to its full interest hedge.However, despite this spectacular result, its funding had only increased 8.5 percentage points to 116.7%, as liabilities had also risen significantly in the wake of dropping interest rates.The industry-wide scheme for private road transport (Vervoer) reported a result of 27.6%, following an interest hedge of 85%. However, its funding rose no more than 1.6 percentage point to 111.5%.Recently, the €25bn pension fund of ING said that it had made a 32.4% profit last year, largely thanks to a full hedge of its liabilities.Read about how other Dutch and European pension funds have fared over the course of 2014last_img read more

Savvy Brexit strategy helps Oxford endowment’s 2016 return

first_imgThe Oxford Endowment Fund (OEF) reported a 16.4% investment return for the 2016 calendar year due in part to a flexible currency strategy.The £2.34bn pooled fund run on behalf of Oxford University and a number of individual colleges more than doubled its 2015 investment return of 7.6%. Over five years the endowment returned 11.8% a year on average.OEF said that the most significant risk for UK investors last year was the country’s referendum on its EU membership, so it planned clear practical outcomes for either result.OEF said: “We came to the conclusion that in the event of an ‘out’ vote, sterling would be the release valve and hence moved our currency exposure
 to the lower end of its permitted sterling range of 40-70%. “Following the result, we moved quickly to add capital to public markets which fell significantly, using our position as long-term investors to take advantage of a market overwhelmed by short-term fear.”As of the end of December 2016, 44.1% of the portfolio was held in public equities, with 24.5% in private equity, 10.4% in credit and 6.5% in property. While property, bonds and cash holdings (20% in total) were all held within the UK, 33% of assets were in North America, a further 13% in the UK, 15% in emerging markets, 11% in Europe (excluding the UK), and 8% in Japan and Asia-Pacific.There was significant exposure to investments related to innovation across a range of sectors such as technology, consumer products and pharmaceutical research in both public and private equity.OEF said it was also pursuing the theme of domestic growth drivers in emerging markets via publicly quoted companies, and in “exciting” niche private strategies.In credit strategies, a significant amount of capital was being used to fund growth and structural change in markets such as India and China.OEF has also started building a portfolio of UK commercial and residential properties to complement its holdings in strategic land and rural estates. At end-2016, it realised some value in its rural holdings through the sale of the Nuneham Courtenay Estate, publicly marketed at £22m – although the end sale value was not disclosed.Together with the £460m Oxford Capital Fund, which provides expendable capital over the medium term (typically for building projects), OEF is run by Oxford University Endowment Management, a wholly owned subsidiary of the university.  OEF’s investment objective is to grow its capital by an average of 5% a year in real terms, at a lower volatility than would be experienced by investing solely in the public equity markets.This means a focus on equity investments, using property and credit as diversified sources of return.last_img read more

Nearly half of young men report ‘sexual coercion’

first_imgFoxNews 27 March 2014A huge proportion of young men say they have ended up submitting to unwanted sexual advances—and 95% of the time, a female they knew was the aggressor, according to new research.The study found that 43% of high school or college-age men reported being coerced into unwanted sexual behavior, CBS reports. “Sexual victimization continues to be a pervasive problem in the United States, but the victimization of men is rarely explored,” the lead researcher said in a press release.“Our findings can help lead to better prevention by identifying the various types of coercion that men face and by acknowledging women as perpetrators against men.” How the coercion broke down: 18% said they were physically forced into it; 31% said they were verbally compelled.Around half of the students who gave in ended up having intercourse, while 40% said the result was kissing or fondling, the Smithsonian notes. Some 7% said they were coerced after being given alcohol or drugs—and experienced “significant distress” as a result.http://www.foxnews.com/health/2014/03/27/nearly-half-young-men-report-sexual-coercion/last_img read more

Edo 2020: Ondo athletes protest non-payment of camp allowances

first_imgRelatedPosts Why Ondo athletes will be absent at Youth Sports Festival – Council Ondo sports council sacks FA secretary Athletes of the Ondo State Sports Council on Monday protested non-payment of camp allowances by management of the council after the state government had reportedly approved funds for the purpose. The athletes, who paralysed activities at the sports council, accused the General Manager, Wande Fabuluje, and the state Commissioner for Sports, Dotun Owanikin, of incompetence and shortchanging them of their camp allowances. The News Agency of Nigeria reports that the National Sports Festival, billed to have started on March 20, was postponed by the Federal Government as part of measures to prevent the spread of Coronavirus in the country. The leader of the protesters and Chairman of the labour union in the council, Moses Usifo, said the general manager had promised the athletes their allowances last Thursday. Usifo said: “Since 2018, we have been facing a big build-up of fraud in the Ondo State Sports Council and we say enough is enough. “In 2018, government released N75 million for the purchase of equipment, out of which N25 million was embezzled. “We wrote a petition and some people were begging us to withdraw it, but we are still standing on the petition. “We want to use this medium to plead with the Ondo State Government to take proper action on the incompetence of the general manager of the sports council. “Government has released money for the National Sports Festival. “While athletes had been decamped, they have not yet been paid since Friday. “The general manager told us that the money would be paid on Thursday, but they have yet to pay. “The athletes are stranded and angry, hence our protest.” Osifo said the council needed competent hands who knew much about sports management, adding: “There is nowhere in the world where camp will be disbanded without athletes being paid.” Also, the state Basketball Coach, Fisayo Bello, said the athletes were supposed to be at home with their parents as ordered by government due to COVID-19 threat, adding, however, that transportation and other camp entitlements had not been paid. Bello said Owanikin had promised the athletes that all allowances would be paid before the close of the camp. He accused the general manager of misappropriation of funds since he assumed office in 2018, stressing that the state athletes were tired of him being the head of the sports council. He said: “The National Sports Festival 2020 has been postponed and the commissioner gave his word that every allowance should be paid. “This was why they cancelled so many sporting activities. “By now, athletes are still in camp without being fed, while no allowance has also been paid. “Meanwhile, the funds he (the governor) has been releasing, he (General Manager) has been misappropriating them since his assumption of office in 2018. “We are saying No, we don’t want him anymore, we are saying enough is enough.” When contacted, the general manager, however, described the allegations that the athletes were still in camp as false. Fabuluje said camp had been disbanded, following government’s directives. He said the athletes had started receiving alerts in batches since Friday as approved by the state government. Fabuluje said the protesting athletes were those who belonged to the batch that had not received payment. “As I am speaking with you now, I am in the bank and their allowances are being paid,” he said. On the allegation of misappropriation of funds, the general manager said it was not true, maintaining that he had been given clean bill of health by the state House of Assembly and the Department of State Services on the allegation.Tags: Dotun OwonikinEdo Sports FestivalOndo State Sports CouncilWande Fabulujelast_img read more

Reid withdraws from Ireland squad

first_imgAndy Reid has withdrawn from the Ireland squad with a hamstring injury. Reid was among a series of players being assessed on Saturday with West Ham defender Joey O’Brien due to have a scan on a hamstring problem and Sean St Ledger also a doubt for Tuesday night’s trip to Poland. Press Associationcenter_img The Nottingham Forest midfielder suffered the problem in training on Saturday morning after coming on as a substitute in the previous night’s 3-0 friendly victory over Latvia. A spokesman for the Football Association of Ireland said: “The Football Association of Ireland this evening (November 16) confirmed that Andy Reid has withdrawn from the squad and has returned to his club due to a hamstring strain suffered this morning in training.” last_img read more

Breen earns further Hickstead glory

first_img Press Association Irish rider Trevor Breen continued his winning run at Hickstead by landing Wednesday’s feature class in the Longines Royal International Horse Show. Breen prevailed after a seven-horse jump-off, clocking 40.26 seconds for a clear victory ahead of British European team gold medallist Will Funnell. Funnell, riding Billy Onslow, posted a time of 42.08, with Nicole Pavitt (Tia Semilly) third and Mark Williams (Extensa G) fourth. The show’s international classes get under way on Thursday, with Friday’s Furusiyya FEI Nations Cup round and the Longines King George V Gold Cup on Sunday being the highlights. center_img Breen has returned to the Sussex arena after being crowned Hickstead Derby champion on Adventure De Kannan just over four weeks ago. And he wasted no time in making his presence felt as he took the Winter Grades B and C Championship aboard Classic III. last_img read more

Pulis: I knew Jewell could quit

first_img Pulis is still looking to appoint a goalkeeping coach and remained tight-lipped on his former Stoke keeper Carlo Nash landing the role. He is also hopeful of adding to his squad to aid their fight against relegation with the Baggies 14th in the Barclays Premier League, but three points above the drop zone, ahead of Monday’s trip to Everton. “It’s an important two weeks in the window, important for the football club,” Pulis said. “The players we bring in have to be better than what we have, they have to make a difference. It’s a difficult window if you haven’t been preparing. “We have to make sure players are right. We’ve been busy behind the scenes but it’s very difficult. We have to get that team winning. I really do think it will be tough.” The Baggies boss admitted he heard Jewell was interested in the vacant Charlton job. The Addicks instead appointed Guy Luzon and Jewell left West Brom on Tuesday, following the arrival of Gerry Francis on a part-time basis, just a week after he was appointed joint-assistant head coach. Press Association Jewell, who has now been linked with a coaching job at Hull, is taking legal advice in the wake of his departure but Pulis insisted it did not come as a shock. “I had a phone call on Sunday saying Paul was in for the Charlton job. I spoke to him on Sunday but that was the last time I spoke to Paul,” he said. “I have been concentrating on getting stuff sorted out at this football club. I have been non-stop. “If it was going to be Charlton, Hull or whoever he is a good lad to have on board. “He has been linked with a few jobs, so we’ll see what happens. I hope he gets back into it, that’s where he should be and where he belongs.” Pulis is looking to appoint a replacement and spoke to chairman Jeremy Peace on Thursday but is in no rush to find a new man and will continue to work with long-time number two Dave Kemp. He said: “Myself and Kempy have done it by ourselves before and Gerry (Francis) comes up every other day. “We will get on with it. People make decisions and that’s it, you move on. I have got nothing but respect for Paul, he is a good guy.” Head coach Tony Pulis has hinted he knew Paul Jewell could quit West Brom 48 hours before his exit.last_img read more

Update on the latest sports

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNBA-SCHEDULECeltics extend win streakUNDATED (AP) — The Boston Celtics are owners of a seven-game winning streak that has them 1 ½ games behind the first-place Toronto Raptors in the NBA’s Atlantic Division. Houston was the only other ranked team in action Sunday, and the 25th-ranked Cougars took over first place in the American Athletic Conference by stifling Wichita State, 76-43. Quentin Grimes had 14 points and six rebounds for Houston, while teammate DeJon Jarreau added 12 points and seven rebounds. The Cougars are 19-5 following their seventh win in eight games.NHL-SCHEDULEWings stun B’s againUNDATED (AP) — The Boston Bruins own the NHL’s top point total despite an 0-2 record against the league’s worst team.Andreas Athanasiou (ath-ah-nah-SEE’-oo) provided the go-ahead and insurance goals to send the Red Wings past the Bruins, 3-1. Athanasiou broke a 1-1 deadlock with a power-play goal 7:10 into the third period and clinched it with an empty-netter. Update on the latest sports Share This StoryFacebookTwitteremailPrintLinkedinRedditNBA-SCHEDULECeltics extend win streakUNDATED (AP) — The Boston Celtics are owners of a seven-game winning streak that has them 1 ½ games behind the first-place Toronto Raptors in the NBA’s Atlantic Division. — Second-period goals by Pierre-Edouard Bellemare, Nathan MacKinnon and Gabriel Landeskog (LAN’-dehs-kahg) pushed the Avalanche past the Wild, 3-2. MacKinnon’s power-play goal broke a 1-1 tie, just over three minutes before Landeskog gave Colorado a two-goal cushion. Pavel Francouz (FRAN’-sohz) stopped 34 shots in the Avs’ fourth straight win and seventh in eight games.— Kaapo Kakko’s (KA’-poh KAH’-kohz) first goal since Jan. 2 was the eventual game-winner in the Rangers’ fourth victory in six games, 4-1 against the Kings. Greg McKegg put the Rangers ahead 2:33 into the game. Artemi Panarin (ahr-THE’-mee pah-NAH’-rihn) added his team-best 28th goal and rookie Igor Shesterkin made 42 saves for his fifth win in six starts.— Ryan Miller beat his ex-team by making 15 of his 31 saves in the third period of Anaheim’s 3-2 verdict over the Sabres in Buffalo. Jakob Silfverberg, Ryan Getzlaf and Nick Ritchie staked Anaheim to a 3-0 lead by scoring over a 5:45 span in the first period before the Ducks closed out a 3-0-2 road trip. Jonas Johansson surrendered three goals on Anaheim’s first six shots as the Sabres dropped to 2-5-1 in their last eight games.— The Jets fell behind 2-0 before Kyle Connor furnished two goals and an assist in Winnipeg’s 5-2 win against the Blackhawks. Andrew Copp notched the go-ahead goal with 6:33 remaining before Patrick Laine (LY’-nay) and Connor added empty-netters. The Jets have won three straight and are 4-0-1 in their last five games.NASCAR-DAYTONA 500 Kemba Walker dropped in 27 points and Jayson Tatum added 26 as the Celtics got past the Thunder, 112-111 at Oklahoma City. Jaylen Brown finished with 17 points for the Celtics, who made 16 3-pointers and improved to 37-15.Marcus Smart also keyed the victory. Smart hit a 3-pointer with 8:19 left to put the Celtics ahead to stay, and he stole the ball from Oklahoma City’s Shai Gilgeous-Alexander with 5.8 seconds remaining to seal the victory.The Thunder ended a four-game winning streak despite Danilo Gallinari and Gilgeous-Alexander, who scored 24 apiece. Point guards Chris Paul and Dennis Schroder (SHROO’-dur) each provided 22 points for Oklahoma City, which fell into a sixth-place tie with Dallas in the Western Conference at 32-21.Checking out Sunday’s other NBA action:— The Clippers handed the Cavaliers their worst home loss in franchise history, 133-92 as Lou Williams dropped in 25 points and Paul George added 22. Montrezl (MAHN’-trehz) Harrell delivered 19 points and nine rebounds off the bench for Los Angeles, which played without Kawhi (kah-WY’) Leonard because of a sore left knee. The Clippers are tied with Denver for second place in the West at 37-16, three games behind the Lakers. February 10, 2020 — Second-period goals by Pierre-Edouard Bellemare, Nathan MacKinnon and Gabriel Landeskog (LAN’-dehs-kahg) pushed the Avalanche past the Wild, 3-2. MacKinnon’s power-play goal broke a 1-1 tie, just over three minutes before Landeskog gave Colorado a two-goal cushion. Pavel Francouz (FRAN’-sohz) stopped 34 shots in the Avs’ fourth straight win and seventh in eight games.— Kaapo Kakko’s (KA’-poh KAH’-kohz) first goal since Jan. 2 was the eventual game-winner in the Rangers’ fourth victory in six games, 4-1 against the Kings. Greg McKegg put the Rangers ahead 2:33 into the game. Artemi Panarin (ahr-THE’-mee pah-NAH’-rihn) added his team-best 28th goal and rookie Igor Shesterkin made 42 saves for his fifth win in six starts.— Ryan Miller beat his ex-team by making 15 of his 31 saves in the third period of Anaheim’s 3-2 verdict over the Sabres in Buffalo. Jakob Silfverberg, Ryan Getzlaf and Nick Ritchie staked Anaheim to a 3-0 lead by scoring over a 5:45 span in the first period before the Ducks closed out a 3-0-2 road trip. Jonas Johansson surrendered three goals on Anaheim’s first six shots as the Sabres dropped to 2-5-1 in their last eight games.— The Jets fell behind 2-0 before Kyle Connor furnished two goals and an assist in Winnipeg’s 5-2 win against the Blackhawks. Andrew Copp notched the go-ahead goal with 6:33 remaining before Patrick Laine (LY’-nay) and Connor added empty-netters. The Jets have won three straight and are 4-0-1 in their last five games.NASCAR-DAYTONA 500 Instead the Twins are sending Graterol to Los Angeles for Kenta Maeda (mah-EH’-dah).MLB-SIGN STEALING-MORTONMorton regrets not trying to stop Astros from stealing signsST. PETERSBURG, Fla. (AP) — Two-time All-Star pitcher Charlie Morton says he regrets not doing anything to try to stop the Houston Astros from illegally stealing signs and relaying information to their hitters during the team’s 2017 World Series championship season.Morton helped the Astros win the 2017 title in his first season with the team, winning Game 7 of both the ALCS and World Series. He says he’s not sure what he could have done to stop his former teammates and doesn’t recall specifics about who did what wrong in 2017. Houston was the only other ranked team in action Sunday, and the 25th-ranked Cougars took over first place in the American Athletic Conference by stifling Wichita State, 76-43. Quentin Grimes had 14 points and six rebounds for Houston, while teammate DeJon Jarreau added 12 points and seven rebounds. The Cougars are 19-5 following their seventh win in eight games.NHL-SCHEDULEWings stun B’s againUNDATED (AP) — The Boston Bruins own the NHL’s top point total despite an 0-2 record against the league’s worst team.Andreas Athanasiou (ath-ah-nah-SEE’-oo) provided the go-ahead and insurance goals to send the Red Wings past the Bruins, 3-1. Athanasiou broke a 1-1 deadlock with a power-play goal 7:10 into the third period and clinched it with an empty-netter. Instead the Twins are sending Graterol to Los Angeles for Kenta Maeda (mah-EH’-dah).MLB-SIGN STEALING-MORTONMorton regrets not trying to stop Astros from stealing signsST. PETERSBURG, Fla. (AP) — Two-time All-Star pitcher Charlie Morton says he regrets not doing anything to try to stop the Houston Astros from illegally stealing signs and relaying information to their hitters during the team’s 2017 World Series championship season.Morton helped the Astros win the 2017 title in his first season with the team, winning Game 7 of both the ALCS and World Series. He says he’s not sure what he could have done to stop his former teammates and doesn’t recall specifics about who did what wrong in 2017. MLB-TRADESDodgers get Betts, Price, while Maeda goes to TwinsUNDATED (AP) — The Red Sox and Dodgers have reworked a deal that is sending outfielder Mookie Betts and pitcher David Price to Los Angeles.A person with knowledge of the negotiations tells The Associated Press that the Red Sox are receiving outfielder Alex Verdugo and prospects Jeter Downs and Connor Wong for Betts and Price. Boston was to send cash to the Dodgers to offset Price’s salary, reportedly half of the $96 million still owed to the 2012 AL Cy Young Award winner.The Red Sox, Dodgers and Twins had a tentative deal in place last week that included Minnesota prospect Brusdar Graterol to Boston. The trade fell apart when Boston had issues over Graterol’s arm health. Former world No. 1 Ryu dropped out on the second playoff hole when she missed a birdie putt, but Park and Choi continued until luck and nature intervened. Choi’s tee shot on the fourth playoff hole came to rest against a pine cone in light rough left of the fairway, leaving her with no choice but to chip out. The chip fell short and her next shot reached a hazard before she reached the fringe of the green in six.,Update on the latest sports Associated Press Kemba Walker dropped in 27 points and Jayson Tatum added 26 as the Celtics got past the Thunder, 112-111 at Oklahoma City. Jaylen Brown finished with 17 points for the Celtics, who made 16 3-pointers and improved to 37-15.Marcus Smart also keyed the victory. Smart hit a 3-pointer with 8:19 left to put the Celtics ahead to stay, and he stole the ball from Oklahoma City’s Shai Gilgeous-Alexander with 5.8 seconds remaining to seal the victory.The Thunder ended a four-game winning streak despite Danilo Gallinari and Gilgeous-Alexander, who scored 24 apiece. Point guards Chris Paul and Dennis Schroder (SHROO’-dur) each provided 22 points for Oklahoma City, which fell into a sixth-place tie with Dallas in the Western Conference at 32-21.Checking out Sunday’s other NBA action:— The Clippers handed the Cavaliers their worst home loss in franchise history, 133-92 as Lou Williams dropped in 25 points and Paul George added 22. Montrezl (MAHN’-trehz) Harrell delivered 19 points and nine rebounds off the bench for Los Angeles, which played without Kawhi (kah-WY’) Leonard because of a sore left knee. The Clippers are tied with Denver for second place in the West at 37-16, three games behind the Lakers. Former world No. 1 Ryu dropped out on the second playoff hole when she missed a birdie putt, but Park and Choi continued until luck and nature intervened. Choi’s tee shot on the fourth playoff hole came to rest against a pine cone in light rough left of the fairway, leaving her with no choice but to chip out. The chip fell short and her next shot reached a hazard before she reached the fringe of the green in six.,Update on the latest sports Jonathan Bernier (BURN’-yay) was outstanding in goal while the Red Wings were being outshot, 40-20.Brendan Perlini also scored for the Wings, who have won two of three since a nine-game losing streak.Torey Krug had a third-period goal for the Bruins, who ended a six-game winning streak.Boston continues to lead the overall standings by three points over Washington. Tampa Bay is third overall and still five points behind the Bruins atop the Atlantic Division.Elsewhere on NHL ice: MLB-TRADESDodgers get Betts, Price, while Maeda goes to TwinsUNDATED (AP) — The Red Sox and Dodgers have reworked a deal that is sending outfielder Mookie Betts and pitcher David Price to Los Angeles.A person with knowledge of the negotiations tells The Associated Press that the Red Sox are receiving outfielder Alex Verdugo and prospects Jeter Downs and Connor Wong for Betts and Price. Boston was to send cash to the Dodgers to offset Price’s salary, reportedly half of the $96 million still owed to the 2012 AL Cy Young Award winner.The Red Sox, Dodgers and Twins had a tentative deal in place last week that included Minnesota prospect Brusdar Graterol to Boston. The trade fell apart when Boston had issues over Graterol’s arm health. Morton spent one more season with the Astros before signing a two-year deal with the Rays last winter.PGA-PEBBLE BEACHCanadian Taylor wins at Pebble BeachPEBBLE BEACH, Calif. (AP) — Nick Taylor has captured his second PGA title and first since his fourth career start in 2015.The Canadian handled high winds to capture the AT&T Pebble Beach Pro-Am by four strokes over Kevin Streelman. Taylor built a five-stroke lead by the turn and dealt with 40 mph gusts blasting the Monterey Peninsula. Jonathan Bernier (BURN’-yay) was outstanding in goal while the Red Wings were being outshot, 40-20.Brendan Perlini also scored for the Wings, who have won two of three since a nine-game losing streak.Torey Krug had a third-period goal for the Bruins, who ended a six-game winning streak.Boston continues to lead the overall standings by three points over Washington. Tampa Bay is third overall and still five points behind the Bruins atop the Atlantic Division.Elsewhere on NHL ice: Stenhouse Jr., Bowman take front row for Daytona 500 poleDAYTONA BEACH, Fla. (AP) — Ricky Stenhouse Jr. and Alex Bowman are the first two drivers to qualify for next Sunday’s Daytona 500.Stenhouse captured the pole with a top lap of 194.582 mph in his first qualifier for JTG-Daugherty Racing, which signed him after he was fired by Roush Fenway Racing last season. Bowman will start on the outside of the front row after posting a top lap of 194.363 mph.The starting order for the rest of the 40-car field will be determined by Thursday’s two qualifying races at Daytona International Speedway.Chase Elliott was third in Sunday’s qualifying, followed by Jimmie Johnson and defending champion Denny Hamlin. T25 MEN’S BASKETBALL-SCHEDULEMarquette tops sputtering ButlerUNDATED (AP) — Butler worked its way up The Associated Press men’s basketball poll by winning 15 of its first 16 games. The Bulldogs could find themselves out of the top-20 following their fifth loss in eight games.Markus Howard scored 17 points and Marquette avenged last month’s four-point loss to Butler by drubbing the 19th-ranked Bulldogs, 76-57. Brendan Bailey and Kobe McEwen each added 16 points in helping the Golden Eagles improve to 17-6. McEwen hit back-to-back 3 pointers and Bailey followed with another to give the Golden Eagles a 62-45 lead with 6:09 remaining.Kamar Baldwin had 24 points for Butler, which was coming off a three-point victory against No. 10 Villanova. Taylor closed with a 2-under 70 for a 19 under total. Streelman finished with a 68.Phil Mickelson got within two shots with four holes to play before signing off on a 74 that left him alone in third place.LPGA-VICTORIAN OPENHee Young Park wins women’s Victoria OpenMELBOURNE, Australia (AP) — Korea’s Hee Young Park parred the fourth hole of a three-way playoff to win the LPGA Tour’s Victoria Open, beating compatriots Hye-Jin Choi and So Yeon Ryu. February 10, 2020 T25 MEN’S BASKETBALL-SCHEDULEMarquette tops sputtering ButlerUNDATED (AP) — Butler worked its way up The Associated Press men’s basketball poll by winning 15 of its first 16 games. The Bulldogs could find themselves out of the top-20 following their fifth loss in eight games.Markus Howard scored 17 points and Marquette avenged last month’s four-point loss to Butler by drubbing the 19th-ranked Bulldogs, 76-57. Brendan Bailey and Kobe McEwen each added 16 points in helping the Golden Eagles improve to 17-6. McEwen hit back-to-back 3 pointers and Bailey followed with another to give the Golden Eagles a 62-45 lead with 6:09 remaining.Kamar Baldwin had 24 points for Butler, which was coming off a three-point victory against No. 10 Villanova. — Bojan (BOY’-ahn) Bogdanovic drained a 3-pointer at the buzzer to give the Jazz a 114-113 victory over the Rockets. Jordan Clarkson scored 30 points and Donovan Mitchell finished with 24 points, six assists and five rebounds for the Jazz, who won their second straight after a five-game losing streak. Russell Westbrook had 39 points for the Rockets, while backcourt mate James Harden added a triple-double of 28 points, 10 rebounds and 10 assists.— Damian Lillard had 33 points and eight assists as the Trail Blazers outscored the Heat, 115-109. Gary Trent Jr. finished with 22 points and Andre Iguodala (ihg-ah-DAH’-lah) had two points for Portland in his first game since last year’s NBA Finals. Hassan Whiteside had 11 points and 17 rebounds against his former team, including a pair of free throws that gave the Blazers a seven-point lead with 11.5 seconds left.— Furkan Korkmaz (FUR’-kan KOHRK’-mahs) scored 31 points and Joel Embiid (joh-EHL’ ehm-BEED’) added 28 with 12 rebounds in the 76ers’ 118-112 victory over the Bulls. Korkmaz stayed hot after netting a career-high 34 points in Friday’s 119-107 home win over Memphis. Ben Simmons added 19 points, 10 assists and 10 rebounds as Philadelphia improved their league-best home record to 24-2.— Ja (jah) Morant recorded his first career triple-double by providing 27 points, 10 assists and 10 rebounds to help the Grizzlies beat the Wizards, 106-99. Morant scored 10 of his points in the fourth quarter for Memphis, which closed the game on a 22-8 run. Kyle Anderson added 16 points and Jonas Jackson Jr. had 14 in the Grizzlies’ seventh win in nine games.— Trae Young and John Collins led the Hawks to a double-overtime win against the Knicks, 140-135. Young nailed six 3-pointers and was 16 of 16 from the line while scoring 48 points and 13 assists. Collins added 32 points and 16 boards as Atlanta ended New York’s season-high, four-game winning streak. Associated Press Taylor closed with a 2-under 70 for a 19 under total. Streelman finished with a 68.Phil Mickelson got within two shots with four holes to play before signing off on a 74 that left him alone in third place.LPGA-VICTORIAN OPENHee Young Park wins women’s Victoria OpenMELBOURNE, Australia (AP) — Korea’s Hee Young Park parred the fourth hole of a three-way playoff to win the LPGA Tour’s Victoria Open, beating compatriots Hye-Jin Choi and So Yeon Ryu. — Bojan (BOY’-ahn) Bogdanovic drained a 3-pointer at the buzzer to give the Jazz a 114-113 victory over the Rockets. Jordan Clarkson scored 30 points and Donovan Mitchell finished with 24 points, six assists and five rebounds for the Jazz, who won their second straight after a five-game losing streak. Russell Westbrook had 39 points for the Rockets, while backcourt mate James Harden added a triple-double of 28 points, 10 rebounds and 10 assists.— Damian Lillard had 33 points and eight assists as the Trail Blazers outscored the Heat, 115-109. Gary Trent Jr. finished with 22 points and Andre Iguodala (ihg-ah-DAH’-lah) had two points for Portland in his first game since last year’s NBA Finals. Hassan Whiteside had 11 points and 17 rebounds against his former team, including a pair of free throws that gave the Blazers a seven-point lead with 11.5 seconds left.— Furkan Korkmaz (FUR’-kan KOHRK’-mahs) scored 31 points and Joel Embiid (joh-EHL’ ehm-BEED’) added 28 with 12 rebounds in the 76ers’ 118-112 victory over the Bulls. Korkmaz stayed hot after netting a career-high 34 points in Friday’s 119-107 home win over Memphis. Ben Simmons added 19 points, 10 assists and 10 rebounds as Philadelphia improved their league-best home record to 24-2.— Ja (jah) Morant recorded his first career triple-double by providing 27 points, 10 assists and 10 rebounds to help the Grizzlies beat the Wizards, 106-99. Morant scored 10 of his points in the fourth quarter for Memphis, which closed the game on a 22-8 run. Kyle Anderson added 16 points and Jonas Jackson Jr. had 14 in the Grizzlies’ seventh win in nine games.— Trae Young and John Collins led the Hawks to a double-overtime win against the Knicks, 140-135. Young nailed six 3-pointers and was 16 of 16 from the line while scoring 48 points and 13 assists. Collins added 32 points and 16 boards as Atlanta ended New York’s season-high, four-game winning streak. Morton spent one more season with the Astros before signing a two-year deal with the Rays last winter.PGA-PEBBLE BEACHCanadian Taylor wins at Pebble BeachPEBBLE BEACH, Calif. (AP) — Nick Taylor has captured his second PGA title and first since his fourth career start in 2015.The Canadian handled high winds to capture the AT&T Pebble Beach Pro-Am by four strokes over Kevin Streelman. Taylor built a five-stroke lead by the turn and dealt with 40 mph gusts blasting the Monterey Peninsula. Stenhouse Jr., Bowman take front row for Daytona 500 poleDAYTONA BEACH, Fla. (AP) — Ricky Stenhouse Jr. and Alex Bowman are the first two drivers to qualify for next Sunday’s Daytona 500.Stenhouse captured the pole with a top lap of 194.582 mph in his first qualifier for JTG-Daugherty Racing, which signed him after he was fired by Roush Fenway Racing last season. Bowman will start on the outside of the front row after posting a top lap of 194.363 mph.The starting order for the rest of the 40-car field will be determined by Thursday’s two qualifying races at Daytona International Speedway.Chase Elliott was third in Sunday’s qualifying, followed by Jimmie Johnson and defending champion Denny Hamlin.last_img read more