The new fund will also apply BlueBay’s integration and engagement strategies in addition to screening.In a statement, Mariann Bendriss, chief financial officer at PKH, said that the fund believes the incorporation of ESG into investing is important for an asset owner with long-term liabilities, as such factors can have economic and investment impacts.“Viewed in this way, ESG is good long-term risk management,” she added. “In the process, we can also play a role in contributing to sustainable development, something which is also of interest to our beneficiaries.”PKH is a pension fund in Norway that counts hospitals and employees in the Oslo region as customers and members. It has six employees and uses larger external partners to deliver on investment advisory and reporting, actuarial estimates, accounting and pensions services for its 67,000 members.Ngo said the development of the fund illustrated the development of interactions between asset managers and asset owners, which she said would become more collaborative. “It was a three-way partnership process really,” she said, including consultant Mercer. She noted that PKH had shown an “openness and willingness to consider other approaches”.Developing a product with a clear focus that could also be consistent with the philosophy and approach taken by NBIM – a highly influential investor within Norway – was important for BlueBay, added Ngo.The new ESG high yield bond fund is part of a growing trend of ESG-minded investing in fixed income, and generally in asset classes beyond equities. BlueBay has operated an ESG investment risk management framework since 2013, applicable to all its assets (US$50bn, €47bn). The ESG investment strategies it applies as standard are integration and engagement, with negative screening based on corporate credit’s involvement in controversial weapons. PKH, the NOK22bn (€2.4bn) Norwegian pension fund for health authorities, has seeded a global high yield environmental, social, and governance (ESG) themed bond fund run by BlueBay Asset Management.The fund was kicked off by a mandate from PKH for an ESG strategy for their global bond portfolio, according to My-Linh Ngo, ESG specialist at BlueBay.The main requirement from PKH was for the fund to comply with the exclusion criteria applied by Norges Bank Investment Management (NBIM) for Norway’s Government Pension Fund Global, Ngo told IPE. It covers companies involved with controversial weapons, tobacco, and coal-based energy.“From BlueBay we’ve contributed our own controversial weapons criteria and UN Global Compact screen,” added Ngo. “We wanted to contribute strategies that complement the Norges Bank ones.”
The year before that, though, he tallied 30 home runs and drove in 85 runs while stealing 15 bases.The Indians are not only in need of help at the plate, as they are middle of the pack in both runs scored and home runs, but their outfield is especially thin with Greg Allen, Tyler Naquin and Oscar Mercado getting a good amount of reps there.An addition of a player like Santana would be good for the team and it would give them a controllable piece moving forward, as well. MLB trade rumors: Indians ‘more likely than not’ to move Trevor Bauer MLB trade rumors: Indians, Rays interested in Blue Jays’ Justin Smoak MLB trade rumors: Astros have had ‘recent communication’ with Indians about Trevor Bauer The Indians have their eye on Mariners outfielder Domingo Santana.Cleveland had discussions with Seattle on Tuesday about the right-handed hitter, but no deal appears to be imminent, according to The Athletic. In addition to talks on Bauer, #Indians actively pursuing a bat. Had multiple conversations today with #Mariners about Domingo Santana, but no deal close. Also talking to #BlueJays about Justin Smoak, as @JonHeyman reported earlier.— Ken Rosenthal (@Ken_Rosenthal) July 31, 2019Santana is having a nice bounce-back season with the Mariners as he is batting .273 with 20 home runs and 66 RBIs.He was traded to Seattle from Milwaukee in the offseason after he struggled to find his way into a loaded Brewers lineup last season. Related News Santana has two more years of team control left.Cleveland is not just limiting its scope to Santana, though. It has reportedly had contact with the Blue Jays about first baseman Justin Smoak and with the Tigers about Nicholas Castellanos in recent days.
By Shemuel FanfairDecember 2016 marked the end of employment for the majority of workers when the Wales Estate factory wound down operations. Over 1000 workers were employed with the estate at the time of its closure and some took up work at the Uitvlugt Estate, while others refused to travel over the 22-mile distance for employment.To date, many former employees are experiencing difficulty finding consistent employment to sustain their families. However, for two fathers who finally gained jobs as security guards at the beginning of 2018 said they can barely make ends meet as they have not been paid in over two months by their employer, Sentinel Security Inc.Guyana Times recently spoke with the men, who were too afraid to publically come forward out of fear of possible victimisation. They are both fathers – one of which is a grandfather of two.“They taking too long to pay we and they not keeping any meeting to tell we why them ain’t paying we… it hard,” the younger guard related, noting that he has a 10-year-old who is attending school.His more mature colleague, the grandfather, expressed that it is not easy for a man to be going home every evening without any income to support his family. The man said he is finding it difficult to afford his electricity and telephone bills. He said too that he now eats one meal during the day.“You got to find food to carry in the night. When everybody sleeping, you working; it worse than when we went in the sugar industry” he noted.The men related that several other guards in the West Demerara district enduring non-payment of salaries. Guyana Times understands that Sentinel provides services to many of the schools on the West Bank of Demerara, as well as clinics at the West Demerara Regional Hospital. However, due to non-payment to the company by financial operatives in Region Three (Essequibo-Islands West Demerara), the workers’ plight remains unchanged.On Wednesday, this publication reached an official from the company, who identified himself as L Adams. He did not deny that the guards were owed but related that the Region Three administration would be in a better position to give insight into the outstanding payments. He however noted that some workers could be paid in the coming days.When contacted, Region Three Regional Executive Officer (REO) Denis Jaikarran said the region is currently in the process of bringing resolution to the matter. He said that the Regional Democratic Council (RDC) discussed the matter at its statutory meeting on Wednesday. He furthermore stated that the region is currently in discussions with the Finance Ministry.“It is not a shortage of money but there were some difficulties and challenges we faced in terms of the releases… that matter is going to be resolved in quick time,” Jaikarran assured.He claimed that the RDC has been engaging the Ministry over the last three weeks. Guyana Times learnt that the RDC has already forwarded the requisite documents to the Finance Ministry and is scheduled to meeting with officials to sort out the matter sometime today.