Source: IPEDelegates were polled on if they knew the cashflows of their pension funds.The former consultant called on pension funds to start thinking like businesses, explaining how it was at first hard for her trustee board to understand why actuaries were attempting to assess the value of cash flows from the fund’s holdings.“The reality is that most businesses and most businesses when they are thinking about a long-term project will look at cash flows,” she said.“Really, that is the common sense – you apply that business thinking to the problem.“Why are we thinking about volatility and market values? That’s irrelevant. What matters is volatility and diversification of cash flows.”Bridgeland said it was important to change the mindset of all involved in monitoring asset performance, and that she wanted to compare the performance of a long-lease property with that of infrastructure debt, without having to place the assets into different categories.“You want to get the best price for the cash flows, and you want to assess risk based on the characteristics of those cash flows,” she said. Bridgeland said that, when she first joined the BP scheme, it resembled a balanced fund in its investment approach, but that she had implemented a number of strategy changes since 2007 and knew exactly where she wanted the plan to be in 2023 – even if the path towards achieving her goals was an unpredictable one.#*#*Show Fullscreen*#*# Market volatility and fluctuating asset values are “irrelevant” and should be ignored in favour of an approach based around the monitoring of cash flows, Sally Bridgeland of the UK’s BP Pension Scheme has said.The chief executive of the £16.6bn (€19.9bn) fund also told attendees at the IPE Awards Seminar in Noordwijk that pension funds were unlikely to be prepared for the operational challenges coming their way in a post-Lehman Brothers world.Five years after the financial institution’s collapse, Bridgeland was interviewed by Amin Rajan, chief executive of CREATE-Research, on how the demise of the investment bank had changed approaches to investment.“For me, the interesting thing is that, 10 years ago, nobody used the word ‘risk’,” Bridgeland said. She also expressed surprise at a poll of attendees that found 58% knew their pension fund to be cash-flow positive.Only 6% of attendees said they did not know into which category their scheme fell.Bridgeland said the focus on risk and the fact pension fund employees knew their fund was cash-flow positive “[signalled] the fact we are moving into a different era”.#*#*Show Fullscreen*#*# Delegates were also asked during Bridgeland’s panel about their overall risk appetite.“I’m not sure the asset management industry, the consulting industry and even individual pension funds have the operational flexibility they need to do that kind of journey – that’s what reality is going to throw at us,” she said. Weighing in on an earlier debate about smart beta – one that saw the strategies branded “old wine in new bottles” – the chief executive said the challenges over ever-changing strategies facing the pensions industry was a different one.“It’s symptomatic of not old wine in new bottles but middle-aged people on Harley-Davidsons,” she said. “It’s a bit of a mid-life crisis, where everyone is trying to grapple with what we’ve got to try, and make sense of the journey ahead.”Bridgeland predicted that, rather than wine, pension funds in future would want cocktails of asset allocation.“Different pension funds will want different ways of looking at their assets, and they might want it shaken and they might want it stirred because of the particular characteristics they have,” she said.
Tags: footballJ-Eskaneateles Sometime late in October or early in November, the Skaneateles football team might have to face Canastota with a lot at stake, perhaps even a Section III Class C championship.If so, the Lakers have a good idea what to expect – a major challenge, similar to the one the Raiders provided Friday night at Hyatt Stadium, Skaneateles needing every bit of its skill and grit to pull out a 40-34 victory.While the Lakers were winning big at defending sectional champion Holland Patent in its Sept. 6 opener, Canastota was doing the same, routing perennial power General Brown. So the game had high expectations – and exceeded them, in terms of excitement, big plays and plenty of momentum shifts.Just 2:31 into the game, the Lakers scored, a 10-play drive capped by James Musso’s touchdown pass to Nick Wamp. Canastota countered with Drew Marshall dashing 74 yards to set up his own one-yard scoring plunge.The Raiders took a 14-7 lead in the last minute of the first quarter, Marshall scoring again after Ryan Fox intercepted Musso deep in Skaneateles territory. It stayed that way until a Lakers drive in the second period finished with Wamp taking a direct snap and going seven yards to the end zone. More blows were traded before halftime, Canastota striking with Nick Weber scoring from 33 yards out, Skaneateles moving to the Raiders’ seven where, with one second left in the half, Musso threw to Wamp, who made a leaping catch in the corner of the end zone.The 20-20 score at the break left everyone exhilarated and exhausted, but more drama was to follow.Weber’s second TD, on a 17-yard run in the third quarter, gave Canastota its third lead at 26-20, but a missed conversion meant that, when Wamp scored for the third time, the extra point inched the Lakers in front.Early in the final period, a three-yard TD pass from Musso to Wamp extended the Skaneateles margin to 34-26, but again the Raiders rallied, Devin Youker scoring on a 16-yard run with 8:16 left and Marshall running in for two points to secure the game’s fourth tie.Quickly, the Lakers drove to the Raiders’ 15, where Musso found Nesbitt in the end zone for his fifth TD pass of the night and 11th of the season with 5:54 to play.Attempting one more comeback, Canastota drove to midfield, where Marshall ran right and threw – right to Lakers linebacker Colin Cox for a clutch interception.The Lakers were able to run out the remaining three minutes on the clock and improve to 2-0, Wamp finishing the night with 13 rushes for 104 yards and catching nine passes for 85 yards. Musso completed 15 of 37 passes for 153 yards in windy conditions.On the other end of the spectrum in Class C West, Jordan-Elbridge sits at 0-2 in the wake of Friday night’s 20-8 defeat to Herkimer at John Howes Stadium.All of it went wrong for the Eagles late in the first quarter, when the Magicians recorded a defensive safety and then returned the ensuing free kick for a touchdown, grabbing an 8-0 edge.J-E’s defense was vastly improved from its season-opening defeat to Lowville, and that, combined with Alex Pond’s 61-yard TD pass to Erik Ryan and a two-point run from Trent Thomas, made the game close, 14-8, at halftime.However, Herkimer’s defense took over in the second half, thwarting all of the Eagles’ attempts to catch up, and Jordan Lanaux put the game away when he scored on a 37-yard run in the fourth quarter. Share this:FacebookTwitterLinkedInRedditComment on this Story
The following incidents were reported in the USC Dept. of Public Safety incident report log between Thursday, Feb. 8, and Friday, Feb. 9. Crimes against propertyat 12:41 a.m. on Feb. 9, a suspect entered the carport area of 1229 37th Pl. and damaged the roof and hood area of the subject’s vehicle.At 11:06 p.m. on Feb. 8, a student left her briefcase and laptop computer unattended in the Elvon & Mabel Musick Law Building Library. When she returned, her briefcase and computer were gone.at 3:39 p.m. on Feb. 8, a suspect entered a victim’s unsecured residence at 2716 Menlo Ave. and removed a computer.at 2:16 p.m. on Feb. 8, a staff member reported damage to a university vehicle at the Center for Health Professions.At 2:15 p.m. on Feb. 8, a suspect entered an unsecured office in Stonier Hall and removed candy from a desk.Miscellaneous incidentsAt 1:25 A.m. on Feb. 9, a student was cited by LAPD for crossing against a “don’t walk” sign at Jefferson Avenue and Hoover Street.at 10:48 p.m. on Feb. 8, a student injured his knee while playing basketball in the Lyon Center. The student refused medical treatment and asked a friend to transport him to California Hospital for medical treatment.at 9:35 p.m. on Feb. 8, a student cut his finger on a door in the Ronald Tutor Campus Center when he opened it. He refused medical treatment and stated he would seek his own.at 8:25 p.m. on Feb. 8, a staff member was near the Blanche and Frank R. Seaver Student Residence Hall when he fell onto concrete while running across a patch of shrubbery, causing a minor injury to his arm. He refused medical treatment.at 7:16 p.m. on Feb. 8, a student at Dean Barlett Cromwell Field refused medical treatment after injuring his ankle. The student said he would seek medical treatment from the student health center on a later date.at 3:50 p.m. on Feb. 8, a staff member in Town & Gown was transported to California Hospital after complaining of severe knee pain.at 3:21 p.m. on Feb. 8, a DPS officer was injured while detaining a suspect in Burger King.at 10:43 a.m. on Feb. 8, a staff member in the Ronald Tutor Campus Center felt faint and light-headed and had trouble speaking. She refused transport to a hospital and said she would seek her own medical care.At 9:49 a.m. on Feb. 8, a staff member in the Waite Phillips Hall of Education received a threatening email, but discovered it was a prank. The subject was not desirous of a police report.at 9:12 a.m. on Feb. 8, DPS responded to a complaint about a stairwell door in the Keck Hospital of USC blocked with water bottles.
Tyler Roberson untucked his jersey and sauntered toward the bench, his face dripping with sweat. Less than five minutes remained in the game and Roberson had 12 rebounds. The next-highest total on the team was five.But at that point, with SU leading St. Bonaventure by six, Roberson’s night was over after he picked up a fifth foul. The group on the floor that had been dominated by the Bonnies on the glass was left to patch together a back line of the 2-3 zone that Roberson held intact.“I think all of my fouls were just like going after the ball,” Roberson said. “I think I got a lot of rebounds going after it and it happens sometimes.”Despite its only consistent threat on the boards heading to the sideline, Syracuse (2-0) held firm against SBU (1-1) in a 79-66 win inside the Carrier Dome on Tuesday night. In a game where Syracuse was outrebounded by 10, Roberson was a relief valve from St. Bonaventure’s second- and third-chance opportunities that helped it stay within striking distance until late.Roberson corralled 12 of the Orange’s 33 rebounds and was the lone player on both teams to reach double digits on the glass. SU head coach Jim Boeheim still doesn’t think Roberson is near the level he needs to be with his all-around game, but the junior’s strongest facet bailed SU out in an area it struggled mightily in.AdvertisementThis is placeholder text“He was helping us on defense and I thought he was getting going,” Boeheim said, “he’s still not playing where I think he has to for us.”SU’s head coach pinpointed a gaffe when Roberson and Malachi Richardson both went up for a rebound in open space. It touched Richardson’s hands, but Roberson knocked it away and out of bounds with no Bonnies in the vicinity.The 6-foot-8 forward put both his hands on his head and Nelson Kaputo hit a 3-pointer on St. Bonaventure’s ensuing possession.“There would be years if he kept playing like this,” Boeheim said, “that he wouldn’t play.”Roberson knows his flaws. He noted a couple missed free throws and shots he normally doesn’t miss. His game still needs fine-tuning and Boeheim let it be known.But on a night when Dajuan Coleman only played 14 minutes and Chinonso Obokoh played a meager one, Roberson shouldered the majority of the load down low with Tyler Lydon.“I’m pretty happy with the way I rebounded the ball,” Roberson said.With just over two minutes left in the first half, Roberson grabbed a defensive rebound after being nudged in the back while leaving the ground. He dished the ball off and sprinted down the floor with his right hand raised in the air. The ball didn’t come, but he ended up with it in a scuffle under the basket moments later and found Richardson at the top of the key.Before the clock reached a minute and a half, he had deftly thread a pass through traffic to Lydon and picked up an offensive rebound before drawing a foul on the next sequence.“Roberson’s one of the most athletic guys in the country really,” Trevor Cooney said. “He could go out there every single night and grab 10-plus boards.”Roberson finished a game he helped keep Syracuse afloat in watching from the bench. Coleman subbed in and picked up three rebounds the rest of the way as the Orange stretched its lead to 13 by the final buzzer.He’s not an indispensable piece and by Boeheim’s estimation, isn’t close to being one yet. But Tuesday night showed why the strongest branch of his game is one Syracuse certainly needs. Comments Facebook Twitter Google+ Published on November 17, 2015 at 11:11 pm Contact Matt: [email protected] | @matt_schneidman