IPE Conference: Russia the biggest political risk facing investors

first_imgRussia is the source of the biggest political risk facing investors at the moment, with president Vladimir Putin “repeatedly” having the potential to create volatility, according to Björn Wahlroos, chairman of Sampo Group, Nordea Bank and UPM-Kymmene in Finland.Speaking at the IPE conference and awards in Berlin, he warned about the danger ahead from the European Central Bank’s tapering its bond purchases but said that, arguably, the biggest challenge facing investors was “the return of political risk”.This, all of a sudden, is “back with a vengeance”, said Wahlroos.He spoke of three aspects of political risk: China, the rise of populism and Russia. The biggest short-term political risk facing investors is from Russia, he said.“Russia is a huge problem,” he said. “Russia is a huge problem for a very simple reason, and the simple reason is that Vladimir Putin cannot leave.”He said his estimated net worth was “way too much” for Putin to be able to “quietly walk away”.He said we do not know what would happen with Russia because “I’m pretty sure Putin will go to very great length to provide his people with what they think is glory, and, as long as he does that, he will repeatedly have the potential to create volatility in financial markets”.He said there was no need to be “dramatic” about this but that investors needed to recognise the risk.In terms of what this set of political and other risks meant for being a “good” long-term investor, he said “the key is to be boring”.“Boring is absolutely the best thing we have going for us,” he said. “Please be boring – boring is the best asset we have.”He also encouraged investors to “try to be a bit analytical”.“The world does lend itself to analysis,” he said, adding that it “will still pay off”.Lastly, he said “getting a feel for risk” is key to being a good asset manager, as risk-measures no longer work that well anymore because tail-risk has become so dominant.last_img read more

ICC World Cup Aaron Finch hits 100th six of ICC Cricket World Cup 2019 in clash vs Pakistan

first_imgAustralia suffered a 36-run loss against India in the ICC Cricket World Cup 2019 clash at The Oval. Shikhar Dhawan blasted a century and Virat Kohli notched up his 50th fifty as India made 352, which was the highest score ever conceded by Australia in the history of the World Cups. Despite fifties from Warner and Smith, Australia put up a fight but still fell short.The weather has been playing havoc in England, with three matches getting abandoned. The Pakistan vs Sri Lanka clash was abandoned while Sri Lanka vs Bangladesh game was also abandoned without a ball bowled. South Africa vs West Indies clash was also affected by rain in Southampton. There are chances of rain in Taunton while India vs New Zealand clash in Trent Bridge is also under a threat from rain. New Delhi: The ICC Cricket World Cup 2019 clash between Australia and Pakistan at Taunton witnessed a huge century. In the 17th over bowled by offspinner and Pakistan all-rounder Mohammad Hafeez, Finch slog-swept a full and flatter delivery to the deep midwicket fence for a six. The six by Finch off Hafeez was the 100th six in the tournament as Australia got off to a great start against Pakistan. Both Finch and Warner strung a brilliant 100-plus partnership for the opening wicket, with the Australian skipper notching up his 23rd fifty. Finch has been in great form against Pakistan, hammering two consecutive fifties, including his highest individual score of 153 in the series in which Australia whitewashed them 5-0.Finch and Warner were in great form on a green pitch and overcast conditions but they were helped by some inconsistent bowling from Pakistan and poor fielding. Finch was dropped on 26 by Asif Ali at slip off Wahab Riaz and both the openers took full toll. With Finch also reaching his 23rd fifty, Warner also slammed his third fifty in four games but Mohammad Amir got the breakthrough when Finch fell for 82 and the 142-run stand was broken. highlights Aaron Finch blasted his 23rd fifty in ODIs.Finch and Warner notched up a 142-run opening stand.Australia has a 5-4 head-to-head record in World Cups against Pakistan. For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

More special teams blunders

first_imgWhen Bret Bielema was preparing to begin his initial campaign as head coach, one of the first orders of business was to put together his new coaching staff. Bielema excelled, bringing in top-flight coaches that mirrored his signature fire and enthusiasm. However, there was one notable omission: no special teams coach, as Bielema stated that the staff would work together to mold the unit. It might be time to rethink that strategy.Wisconsin’s offense was suburb, the defense: suffocating. But once again the Badger special teams unit was the weak link, continuing a disappointing trend. For the third time this season, the Wisconsin special teams unit cost UW points, as an extra point went awry early in the third quarter.After P.J. Hill plunged in for his second touchdown of the day from two yards out, Wisconsin botched the snap to holder Ken DeBauche. DeBauche picked the ball up and attempted to throw it across the field to kicker Taylor Mehlhaff who had run out toward the left sideline, but the toss was a slow, high arcing floater that was snatched by Minnesota’s Mario Reese and returned to the house, for a rare defensive two-point conversion. “I think Kenny actually was a former quarterback,” Bielema said. “Didn’t look too good on that one.” In the context of a 41-5 rout, the bizarre play was actually somewhat comical and amusing, but it was no laughing matter to DeBauche.”I don’t think I was in any position to make a joke then [after it happened],” said a sullen DeBauche, who also struggled as a punter, failing to punt the ball any farther than 38 yards on his two attempts. “I was pretty upset with myself, and I think Taylor and the rest of the PAT team were upset with me, which is understandable. I shouldn’t have made that throw in the first place.” “It really kind of put the damper on my mood for the rest of the game, it’s hard to let something like that go. I’m just lucky it wasn’t a [close] game, not that this wasn’t a big game. It wasn’t a big moment at that point in the game. I just got to make sure I don’t do something like that again.”Meanwhile, punt returner Zach Hampton had a tough day, eventually getting benched in favor of wide receiver Luke Swan. It was an adventure for Hampton every time out, as the fifth-year senior looked like he was fighting the ball and struggled to make a clean play, muffing catches twice.”Yeah, Zach kind of gave me the heebie-jeebies there a little bit,” Bielema stated, also adding that he is unsure of whether Hampton or Swan will continue as the return man next week at Purdue. “I just wanted to field the ball at that point in the ballgame. I didn’t want to give them a cheap turnover and put ourselves in a position to have to play defense down there.”Beck-to-BeckOn the first play from scrimmage in the second half, Wisconsin went for the jugular and quarterback John Stocco found Travis Beckum free over the middle. Beckum had nothing but green in front of him, and looked like he might take it to the house. However, Trumaine Banks tripped up Beckum, cutting his romp short to only 41 yards. Beckum was visibly upset at not taking it the distance slamming the ball and the turf while getting up.But on the next play, Beckum was allowed a chance to finish what he started, catching a 40-yard touchdown strike.”That felt good,” Beckum said. “A lot of the guys gave me stuff, saying I should’ve scored and maybe Coach Chryst did too.”The play highlighted the sophomore’s second consecutive 100-yard receiving game, as the former defensive end from a year ago continues to develop into a major receiving threat. “He just makes plays,” Stocco said. “I think he’s caught just about everything I’ve thrown him, pretty much. He’s just been doing a hell of a job for us.”last_img read more