European insurer tenders emerging market equity mandate on IPE-Quest

first_imgA Europe-based insurance company has tendered a €200m emerging market equity mandate, according to a search on IPE-Quest.The unnamed investor has put out a search for an asset manager to run a euro-denominated portfolio of all/large-cap equities within emerging markets.The assets should be managed using a core style, and the insurance company has said specifically that the investment process should definitely not result in a value bias.The process has been stipulated as active, with the benchmark for the portfolio being the MSCI Emerging Markets Index. The investment process should involve fundamental analysis of countries, sectors and companies, the insurance company said.It also said it had a preference for a top-down thematic approach in the first phase of the process.Tracking error is expected to be kept between 2% and 7%.Firms responding to the search should have assets under management (AUM) for this asset class of at least €1.25bn, and total AUM for the firm of €2.5bn.Performance should be stated in US dollars to 31 May.The firm should have a track record of at least five years.The deadline for submissions is 26 June.After that, the deadline for the section of a shortlist is 15 July, followed by a deadline for submission of RFPs on 24 August.The final selection will be made by the board on 1 December, according to the search.The IPE news team is unable to answer any further questions about IPE-Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email [email protected]last_img read more

Lawyer says Blatter did not speak to U.S, investigators

first_imgBy Brian HomewoodZURICH, Switzerland (Reuters) – Former FIFA president Sepp Blatter has not spoken to United States prosecutors in Switzerland, his U.S.-based lawyer told Reuters yesterday.Blatter told international news agency reporters last month that he had met lawyers from the U.S. Department of Justice in Zurich last October or November.Yet his lawyer Richard Cullen said that Blatter may have mistaken American lawyers who were conducting an internal investigation on behalf of FIFA for officials from the Department of Justice.Prosecutors from the Department of Justice did not interview Mr Blatter in Switzerland,” Cullen said by telephone.“He may have mistaken an interview that he gave to American lawyers who were conducting an investigation on behalf of FIFA.“Those lawyers were in fact not prosecutors from the Department of Justice.”At the time when he made his comments to agency reporters last month, Blatter had also said: “I have had very little contact from my American lawyers because I was never a person of interest under scrutiny by the American justice.“I have been investigated in two or three matters … but there is no wrongdoing.”The 81-year-old was banned for six years by FIFA’s own ethics committee at the height of a scandal engulfing world soccer’s governing body in 2015.The scandal saw several dozen soccer officials, including some from FIFA, indicted in the United States on corruption-related charges. Blatter was not among them.In March, FIFA completed its own 22-month internal inquiry, conducted by U.S. lawyers Quinn Emanuel, into allegations of high-level corruption and handed its report to Swiss authorities.last_img read more

SU makes final statement in 17-5 dismantling of Colgate prior to Selection Sunday

first_img Facebook Twitter Google+ With just more than six minutes remaining, goalie Dom Madonna darted for the Syracuse bench. The Orange led by eight and had never trailed. As backup Drake Porter replaced the senior, freshman Jacob Buttermore, who has rarely played all season, found the back of the net and gave SU a nine-goal lead. He netted a hat trick before the day was over.For the first time since its season opener, Syracuse put in its reserves. The Orange didn’t have to worry about the possibility of yet another nonconference loss.In its regular-season finale, entering the matchup one-game above .500, Syracuse needed to end on a high note. The Orange had sat on the bubble after late losses to Navy and Virginia, combining for three losses in its last four games. With each loss, the margin of making the NCAA tournament thinned. But on Saturday afternoon, No. 12 SU (8-6, 4-0 Atlantic Coast) struck first and dominated throughout, making a statement in its 17-5 win over unranked Colgate (7-8, 3-5 Patriot) on Senior Day inside the Carrier Dome. After completing the third-hardest schedule two games over .500, the win all but likely secured the Orange a spot in the NCAA tournament come selection Sunday.“I said right from the first press conference,” SU head coach John Desko said. “‘What doesn’t kill us makes us stronger.’ When you play a schedule like that, you’re playing against a tiger every week and to be able to compete and win against those teams, it helps you get better.”Right from the start of the game, Syracuse dominated. David Lipka opened with a fake left before dodging down the right alley. His defender sagged off him and he fired top shelf. Syracuse scored five more times before Colgate even had one point to its name. AdvertisementThis is placeholder textColgate scored its first goal of the game nearly 22 minutes into the contest. Joe Delaney dodged right before winding up and beating Dom Madonna top shelf. He celebrated in front of the net, but the Raiders needed more from its offense. Syracuse already had a five-goal lead over a nonconference opponent, a relatively unfamiliar situation.SU had shelled Binghamton and breezed by Hobart. But its only ranked win had come in triple overtime against Army, a team that has since struggled mightily and sits two games under .500.The Orange had been manhandled at home by both Albany and Johns Hopkins, losing by a combined 23 goals. In close nonconference games, its youthful offense and struggles at the faceoff X had held the Orange back. A season-worst 22 turnovers against Rutgers led to a four-goal loss. Cornell dominated possession in a five-goal win, and Navy pulled away late in a last-second win, scoring two goals in the final minute of play to down the Orange.Everything that could’ve possibly gone wrong for Syracuse happened, and a possibility of not making the tournament existed had SU fallen to Colgate.Colgate had its opportunities on offense. It led the shot battle by one at the end of the first quarter, yet trailed, 4-0. At the end of the first half, it had only been outshot by two and tied the faceoff battle 5-5. The third quarter, Colgate regained the shots lead and still remained tied at the faceoff X. On multiple instances, its midfielders beat SU’s short sticks and created enough space for an open shot. When SU led, 3-0, Nicky Petkevich beat Dami Oladunmoye before being struck by a sliding Austin Fusco, the shot flying out of bounds. Other times, Colgate’s shots were stopped at point-blank range by Madonna. “Austin Fusco said before we went on the field, ‘Nothing’s going to be given to you,’” Madonna said. “’So step on the field and go take it today.’ That was my mind set.”By the end of the first quarter, Colgate turned the ball over seven times. The Raiders’ offense struggled to pass the ball around and the defense took advantage, pushing transition. It wasn’t until the third quarter when Syracuse committed its seventh turnover on offense. The Orange offense began to flow, like it had in its conference games earlier this season. Rehfuss added three assists, capping the first half with a pass to a cutting Pat Carlin, all alone in front of the net. After scoring just once in the past four games, Jamie Trimboli scored a hat trick on four shots. Everything began clicking.Twenty-one seconds into the second half, however, Colgate quickly won a faceoff and found the back of the net. Its offensive aggression kept mounting. After Trimboli’s hat trick, Colgate won the ensuing faceoff and ripped off four shots. Each went wide and its possession ended up in a turnover caused by Nick Mellen. Colgate had the opportunity to shift momentum early, but like the first half, it was stuffed by the Orange defense. Matt Lane scored just over a minute later. “If you’re a competitor, and you know all these kids are, and you know your backs against the wall and you don’t want to be the class that doesn’t make it to the NCAA tournament,” Colgate head coach Mike Murphy said, “… I’m sure that they were playing with some motivation besides just beating Colgate. It was to secure a spot in the NCAA tournament.”The second half remained back-and-forth, with the two teams exchanging goals on multiple occasions. Colgate had a double man-up opportunity and scored in the final second before the penalty was released. Syracuse then responded with a man-up goal of its own. SU finished with three man-up goals, tying a season high. The extra-man unit had only converted on 37 percent of its opportunities to date. On Saturday, it converted at a 75 percent clip, and the only time it failed to finish, Stephen Rehfuss found Bomberry open in front of the net before the Colgate defense could adjust — just seconds after the penalty was killed.After Colgate opened the fourth quarter with a goal, the following faceoff fell in favor of the Orange. A scrum by Colgate’s goal ended up in Bradley Voigt’s stick. He quickly flicked the ball to Brendan Bomberry who found long-stick midfielder Austin Fusco up top. Fusco wound up and shot, beating Mullen.Fusco broke into a scream and pounded his feet into the ground. The players on the attacking third mobbed him before Bomberry came running over and jumped onto the redshirt junior. Fusco broke out of the mob, still screaming and pumping his fists.“We were treating it like a playoff game because if we lose,” Madonna said, “we’re not going to make the tournament for sure.”In a game Syracuse so desperately needed a win, it played a near-flawless game. SU did its job and now, all the Orange can do is wait. Comments Published on May 5, 2018 at 4:22 pm Contact Charlie: [email protected] | @charliedisturcolast_img read more