Previous articleShannon Airport goes dog friendlyNext articleWIN family tickets to KALEIDOSCOPE 2019 on June 28 – 30 Cian Reinhardthttp://www.limerickpost.ieJournalist & Digital Media Coordinator. Covering human interest and social issues as well as creating digital content to accompany news stories. [email protected] Print Advertisement Twitter Facebook Calling Limerick’s Creative Kids! TAGSartsentertainmentlifestylelistenMediaNewspodcastroundupsports RELATED ARTICLESMORE FROM AUTHOR Limerick Artist Receives Arts Council Next Generation Award worth €20,000 Linkedin Arts Council congratulates three Limerick artists on Covid-19 award WhatsApp Belltable:Connect invites applications for Translating Live to Online Workshops this Autumn Limerick City Gallery of Art exhibition showcases ‘Limerick Connections’ through artists over the past 50 years LifestyleNewsPodcastsSportPodcast: Limerick Post News Roundup June 22, 2019By Cian Reinhardt – June 20, 2019 105 Cian Reinhardt looks at the content in this week’s Limerick Post newspaper, giving a run-down on this week’s Health, Politics, Sports, Arts and Entertainment news.Sign up for the weekly Limerick Post newsletter Sign Up This week’s headlines:119 Limerick women had abortions in the UK last yearLimerick Restaurant owner foes cashless after burglars strikeA life shaped by grief and healingCouncil meeting over park recycling centreAll this and our Sports news with Sporting Limerick and Arts and Entertainment news. Email Film in Limerick host ‘Meet the Funders’ free online seminar for filmmakers in the Mid-West
The 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.
Jessica Magana | Daily TrojanAlyssa Coffey, a junior majoring in American studies and ethnicity (left), poses with Miriam Bedrin, a sophomore majoring in chemical engineering, for the Queer & Ally Student Assembly’s Day of Visibility. QuASA serves as the umbrella organization for USC’s LGBT student groups.