PFZW to revamp portfolio, focusing on sustainability, ‘comprehensibility’

first_img“The investment chain is sometimes too complicated, and we will look critically at, for example, fund of funds structures, mainly for cost reasons,” he said.Borgdorff declined to provide further details about the planned portfolio changes, citing market sensitivity, but he did say PFZW aimed to have the changes in place by 2020.On the issue of supervision, Borgdorff said his pension fund preferred to show good behaviour voluntarily, rather than be forced to a change through regulation.His sentiment was echoed by Guy Jubb, global head of governance and stewardship at Standard Life Investors UK, who said: “Asset managers are no longer operating under the radar.”In his opinion, stewardship must be at the heart of the relationship between asset manager and asset owner.“I want all my clients to ask what we have done on their behalf,” he said.Lucy Tusa, senior consult at Mercer UK, added: “The ICGN Principles on Institutional Investors’ Responsibilities should be the gold standard for investors.”She said she had noticed little change in the expectactions of institutional investors but that their interest in stewardship had increased.However, Tusa also said she was worried about the fact changes had mainly come from regulators.She agreed with Borgdorff that there were too many intermediaries in the investment chain. The €140bn pension fund PFZW has said lessons learned from the financial crisis have led it to revamp its investment portfolio along the lines of sustainability, manageability and comprehensibility.Speaking at the International Corporate Governance Network’s (ICGN) annual conference, Peter Borgdorff, the scheme’s director, said the pension fund’s “attitude” had changed as the result of an extensive evaluation of “what went wrong in 2008”, when PFZW’s assets fell by 20%.“We are now aware we are here for our people, not for ourselves or the asset management industry,” he said during a panel discussion.He said PFZW would review its reasons for having invested in 22 asset classes, adding that the healthcare scheme would no longer invest in asset classes it did not fully understand.last_img read more

WHS Daily Bulletin: Casino receipts are due Sept. 15

first_imgSubmitted to Sumner Newscow — Today’s Wellington High School bulletin for Wednesday, Sept. 9, 2015:WednesdayMakeup events:•Varsity tennis at Wellington High School, 3 p.m.•Cross Country at Kansas Coliseum, 5:15 p.m.Thursday•C team volleyball at WHS , 5 p.m.•Varsity/JV volleyball at Mulvane, 5 p.m.•Cross Country at Kansas Coliseum, 5:15 p.m.Friday•Football at WHS vs. Goddard Eisenhower, 7 p.m.Saturday•ACT Test•Tennis at Pratt, 9 a.m.•Cross Country at Wellington, 9:30 a.m.Today’s Lunch– Chicken Fried Steak, Mashed Potatoes with Gravy, Green Beans, Pineapple, Hot Roll and Milk.Wednesday’s lunch – Crispito with Red Sauce, Romaine and Tomato, Golden Corn, Chilled Peaches, Cheesy Bread Stick and Milk.Today’s News*Casino receipts are due on Tuesday, September 15. You can drop them off in the office.*WHS Work Ethic Program will meet on Wednesday October 7 from 11:30-12:30 in room 411. Bring a lunch!*There will be a 3 on 3 basketball tournament and a Co-Ed Softball Tournament on Saturday, October 3 in Udall.  Stop by the office for more information.*Cross Country will be out at 1:45 today. They will be marked activity.*Tennis will be dismissed at 2:10 today.  They will be marked activity.*Football players- you can turn in your $2 in the office for the football signs.*There will be a NHS meeting tomorrow morning at 7:15 in the auditorium. All members must attend.*Seniors- If you have a 28 or better ACT score and a 3.5 or better GPA,  you could be a candidate for the new Fort Hays State University Honors College. To find out more about the honors college please visit their website at www.fhsu.edu/honorscollege/.*Senior Boys- If you would like a Senior Shirt please see Julian or Wesley. The cost is $10 or $12 for 2x and up.*Seniors Girls- If you are interested in a Senior Shirt, there is a sign-up sheet in the office. See Allison McCue if you have any questions. Deadline to order is September 11th.*Students- Please add money to your lunch account before school starts. Food Service will not accept your check during lunch time.* Seniors: If you are thinking about making Emporia State University your college of choice, be sure to go to their website to view scholarship and admissions information. The website is www.emporia.edu/admissions/scholarships.The college will be hosting four Black and Gold Visit Days Oct. 9 and 24th and No. 6th and 20th. These visits include admissions and scholarship information, and residence hall and campus tours.* Students: If you are in need of school supplies, please see Mrs. Brown in the counselors office.*Sophomores and Juniors, Are you interested in taking the PSAT? The cost is only $14 and the test date is Wednesday, October 14th @ 8:00 a.m. If you are interested, please come see Mrs. Hatfield in the counselors office before September 21st.*Thursday, September 10th Staff Sergeant US Army Recruiter Benjamin Osborne will be in the commons during lunch.*Are you interested in joining the big red machine drumline? The WHS marching band is looking for members to participate in the percussion section of the marching band. No experience is needed. If interested, talk to Haley Farley, Kyle Robbins or Mr. Olson.Guidance office news:College visits during lunch:Tuesday, Sept. 8th- Emporia State Univ.Wednesday, Sept. 9th- Bethany CollegeThursday, Sept 10th- Cloud County CCTuesday, Sept 22nd- Pittsburg StateWednesday, Sept 23rd- Cowley County CCThursday, Sept. 24th- SouthwesternWednesday, Sept 30th- Fort HaysFriday, Oct 2nd – Kansas State UniversityMonday, Oct 5th- Wichita State UniversityThursday, Oct 15- Baker UniversityFriday, Oct 16th- University of KansasThursday, October 22, Friends UniversityMonday, Nov. 2nd- Hutchinson CC.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! 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