Help Rivers Casino thrive before looking at exit

first_imgCategories: Letters to the Editor, OpinionThe Jan. 14 column, “Look At Casino In The Past, Present, And Future,” by Dr. Roger Hull is a well-written column dealing with the issues that exist with the Rivers Casino and the possibility of a Schenectady without a casino. My only criticism of the column is his reference made about “robberies in the casino parking lot.” Dr. Hull readily admits that this is “hearsay.” To even mention this, without a police report substantiating this claim, can be detrimental to the casino and does the casino a gross injustice — especially if it’s just “hearsay.” Maybe, Donald Trump is correct about “fake news.”Every casino has its problems with security, problem gamblers and misguided financial projections. Those casinos and cities that have been successful have found corrections to those problems or have developed plans to cope with them. Why not focus on this instead of developing plans for “life after the casino.” Let’s hope that the Rivers Casino and the city of Schenectady can focus on developing plans for success.Paul FoxSchenectadyMore from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsSchenectady police reform sessions pivot to onlineEDITORIAL: Find a way to get family members into nursing homesTroopers: Schenectady pair possessed heroin, crack cocaine in Orange County Thruway stopFoss: Should main downtown branch of the Schenectady County Public Library reopen?last_img read more

Mandate roundup: Merseyside Pension Fund, Unigestion, Pension Protection Fund

first_imgThe Merseyside Pension Fund has re-appointed Swiss asset manager Unigestion for its European equities mandate. The company was originally appointed in 2009 for five years.The nearly £5bn (€6.3bn) pension fund, which currently has around 127,000 members, conducted a full tender process before reappointing Unigestion.Head of the fund, Peter Wallach, said Unigestion’s investment approach suited the scheme and had a long-term focus. “We like the fact they say what they do and they do what they say,” he said.“Their research expertise has been invaluable to Merseyside, where they have provided tailor-made studies to assist with the management of our equity exposure.“We are also impressed with Unigestion’s holistic approach to risk management.”Unigestion’s managing director, Alexei Jourovski, said the reappointment was recognition for the company’s research and risk management.In other news, the UK Pension Protection Fund (PPF) has tendered for around five to eight managers to join its global equity investment panel.The lifeboat fund’s equity exposure will account for roughly 7-10% of the fund’s £16.3bn in assets, with managers expected to be appointed over the next two to three years.Interested managers should be able to provide services based on pooled fund arrangements.The PPF’s desired investment strategy is with favour to low-volatility, while performance will be tracked according to the FTSE All World minimum variance index.Interested parties should also be capable of applying foreign exchange hedging to protect investment returns.Asset managers should have the equivalent of £1bn (€1.3bn) in assets under management and a track record of five years. Lead portfolio managers should also have five years’ experience managing global equities.The PPF said other strategy exposures in the portfolio, such as value, small cap and momentum, were expected to be kept stable during investment.Responses can be sent to the PPF from 15 December.last_img read more