Anderson .Paak Flees Trump Trash Monster In Otherworldly New Music Video

first_imgAnderson .Paak has released an awesome new music video for his songs “The Season / Carry Me” and “The Waters” from his album Malibu. The video has an old-school, collage vibe that finds the versatile artists moving through several different unique, psychedelic, and introspective environments. Perhaps the highlight of the multi-part video is when .Paak runs from a trash-monster with Donald Trump’s face on it..Paak has been on the rise as of late, with the success of Malibu and a lengthy summer tour that has taken him and his band The Free Nationals to major festivals all over the world. Paak’s high energy combination of hip hop, R&B, soul, and funk is unique, and you get a glimpse of that diversity throughout this video.Watch Anderson .Paak’s new out-of-this-world music video, streaming below.last_img read more

Summer Road Trips: For The Beer Drinkers

first_imgLocation: Western North CarolinaDistance: 100 milesDriver: Nicole OwenSylva, N.C.Owner, Innovation Brewing; Board Member, Asheville Brewers Alliance“One thing that makes this whole area unique is the water quality. Water is the biggest ingredient in beer and we’re fortunate to have pure, clean, unmessed-with water. That plays a lot into why there’s such a centralized craft beer boom in this area, but also the outdoor culture, too. Those two cultures go hand in hand really well.”Editor’s Note: We should start by mentioning that we in no way condone drinking and driving. If you don’t have a designated driver, consider hiring a tour company to tote you around on your drinking road trip. Leap Frog Tours in Waynesville, N.C., offers a variety of brewery and other custom tour experiences for as little as $55 per person for up to five hours.Innovation Brewing in Sylva, NCDay 1  |  2.6 miles | Sylva — DillsboroAn hour southwest of Beer City, U.S.A., is the idyllic mountain town of Sylva, N.C., our starting point for this western North Carolina beer-venture. There are two breweries here, Innovation Brewing and Balsam Falls Brewing Company. For a town of about 2,600, that might seem like a lot, but there’s plenty of sudsy love to go around. They’re less than a block away from each other, so you’ll be able to try ‘em both without ever needing to get in a car.Innovation Brewing is situated right on Scott Creek and will be dishing out wood-fired pizzas this summer for the first time since the installation of their outdoor oven. If pizza’s not your thing, you can always grab a cheeseburger from the brewery’s food-truck-in-crime, Cosmic Carry Out. Stay and hang Friday night for music at the brewery or shuffle over to the Mad Batter if the weather turns. This cool eat-in theater is located in one of Jackson County’s most historic buildings and has nine different North Carolina brews on tap.Once you’re good and sober, cruise up the road to Dillsboro. Innovation just opened a taproom in the old railroad depot here, so you can grab one last drink before tapping out. The Dillsboro Inn (rates from $110 per night) is perched right along the banks of the Tuckasegee River, which means you can cast for trout right out the door to your room.Nantahala BrewingDay 2  |  27 — 69.6 miles | Dillsboro — FranklinYour final destination on day two will be Franklin, N.C. How you get there is up to you. If you want to taste the soulful beers brewed deep in the southwestern heart of the state, make a pit stop in Andrews (Andrews Brewing Company and Hoppy Trout Brewing Company are based here). If you’d rather spend more time outside than in a car, hike up to the fire towers on Wesser Bald or Wayah Bald along the Appalachian Trail. Whatever you decide, begin your day first by driving 20 minutes from Dillsboro to Bryson City.Once known only for the Great Smoky Mountain Railroad and the Nantahala Outdoor Center, this mountain town is coming into its own as a microbrew destination. Both Nantahala Brewing and Mountain Layers Brewing Company make phenomenal beers and have embedded themselves in Bryson City’s outdoor community. Grab an App Trail Extra Pale Ale from Nantahala or a Newfound Gap Golden Ale from Mountain Layers, then hit the trail for which these beers are named.Take the Indian Lakes Scenic Byway, or Highway 28, south towards Franklin. You can hop off 28 onto Tellico Road to reach the trailhead for Wesser Bald, or drive through Franklin and get on Wayah Road, which you can drive all of the way to the fire tower if that’s more your style. Whether you explore Andrews or the Appalachian Trail, eventually you’ll land in Franklin, which was twice voted the Top Town in the Blue Ridge by our readers.Nestled in a bowl of 5,000-foot peaks, Franklin is the quintessential mountain town. Even if you’re not a hiker, there’s great smallmouth bass fishing on the Little Tennessee River. The two breweries here are Lazy Hiker Brewing Company and Currahee Brewing Company, the latter of which is located right on the river. You can also grab a local brew over at the Rock House Lodge, which is nested inside Outdoor 76. Beer. Gear. Music. You call it an outfitter-taproom. We call it heaven. Cozy up for the night at Cat Creek Lodge (suites from $149 per night). The mountain views alone are worth the price.Satulah Mountain Brewing CompanyDay 3  |  27.7 miles | Franklin — CashiersTop off your weekend of country road cruisin’ and craft beer boozin’ with one last stop in Cashiers. This little treasure trove of a community just got its first craft brewery earlier this year, Whiteside Brewing Company, named for that formidable mound of rock that juts out of the otherwise verdant land between Highlands and Cashiers. You can earn those liquid carbs by hiking to the top of Whiteside, a short loop that totals 2.5 miles. Fuel up with burgers and beer at the brewery, or do brunch first at The Ugly Dog Pub. Depending on which way you’re headed home, pick up a growler to go either in Highlands (Satulah Mountain Brewing Company) or Sapphire (Sapphire Mountain Brewing Company).The Cabins At Sandy Mush BaldSidetrip: The Cabins at Sandy Mush BaldThe hike-in lodge at the top of Sandy Mush Bald is one of the South’s best-kept secrets. Sandy Mush Bald is one of the only privately owned balds in Southern Appalachia. The Adler family, the long-time owners and conservationists, have protected the mountain bald and the surrounding 500-acre wilderness. To reach the hike-in lodge and cabins, visitors park at the bottom of the mountain and hike up two miles to the 5,150-foot summit.last_img read more

Now Pensions implements correlation-control tool as returns hit 14%

first_imgThe three factors are generally exposed to corporate bonds, global sovereign bonds and inflation-linked bonds, respectively.Now Pensions said the return figure was well above its ‘cash +3%’ benchmark and the return from holding a basic 60% equity/40% UK Gilt portfolio.The provider is wholly owned by Danish pensions organisation ATP and operates a single investment fund for all of its 300,000-plus members.It runs investments through the DKK641bn (€86bn) fund’s in-house investment team in Denmark.It said it implemented a correlation control mechanism in the early part of the year to protect the portfolio when asset performance became overly correlated.Using a bespoke diversification measure, where 0 signifies absolute correlation and 1 no correlation, the manager adjusts its portfolio to stop unexpectedly correlated assets from bringing down overall performance.When the measure falls below 0.45, it immediately re-distributes poorly performing assets to the top-performing classes, and it does not shift back to tactical holding levels until the measure rises above 0.5.It used the mechanism six times up until the end of June, which chief executive, Morten Nilsson, described as more frequent than expected.“It has been a funny 12 months, with very atypical returns,” he told IPE. “It is still not a healthy world, and the correlation control usage has been more frequent than you would expect in a normal environment.”The manager also implemented portfolio risk controls, which automatically de-risk investments in periods of falling performance.Now Pensions said, for every 2% drop in overall fund value over a three-month period, the investment strategy will de-risk by 20%.As a result, a sudden 10% fall in value will see the entire fund de-risked and moved into cash and cash equivalents.Nilsson said the single investment fund, unique in the UK, allowed the pensions manager to implement such mechanisms into its investment strategies.“The new investment structures put in place are very difficult to do on an individual basis,” he said.“You can operate it across a single fund, but if you offer fund choices, it is difficult to get members to diversify the portfolio and manage risk efficiently, as there are not individual tools available.”In July, the UK master trust announced it was overhauling its at-retirement investment strategy and would shift member assets into cash, as it expected members to use changes to legislation and withdraw pots entirely in cash.However, Nilsson said Now would evaluate its strategy as pot sizes continued to grow and further innovations in at-retirement strategies were brought to market. The diversified growth fund of the UK master trust Now Pensions saw investment returns hit 14.2% for the 12 months to the end of June 2014, as the manager added new features to mitigate correlation risks.The fund, which is on track to hit £50m (€62.4m) and operates on a risk-allocation basis over asset allocation, said strong returns were helped by final quarter performance.The target 35% exposure to equity risk returned 4.3% in the three months from March, while its 10% exposure to commodity risk returned 6.6%.Other risk factors – credit, rates and inflation – all performed positively, adding to the eventual 14.2% investment return over the year.last_img read more