Truell targets listing to capture business from UK LGPS pools

first_imgEdi TruellTruell is “a great fan of Brexit”.“If properly negotiated and structured it should be an enormous opportunity for Britain and the British economy,” he said.The Truell family has the vast majority of its assets in what is becoming DCAG.With around £300m (€334m) of assets under management, the investment company holds a diverse portfolio, including exposure to companies involved in big data, infrastructure and healthcare.As DCAG, it plans to concentrate on private equity to begin with and then include other asset classes such as real assets. About Edmund ‘Edi’ TruellA financier, Truell has held myriad positions in the financial services industry. He is known in the UK pension fund world as the co-founder of the Pension Insurance Corporation, the defined benefit insurer, and his subsequent position as chair of the London Pension Fund Authority (LPFA) from January 2013.He was instrumental in pushing forward the collaboration between LPFA and Lancashire Country Pension Fund that led to what is now the Local Pension Partnership. He resigned in August 2015 to set up an advisory board for the partnership and to work as an unpaid adviser on pensions and investments to then London mayor Boris Johnson.The idea was for Truell to drive forward collaboration between public sector pension funds for investment in infrastructure and housing in London and across the rest of country, with Johnson eyeing the creation of a “Citizens’ Wealth Fund”. More broadly the intention was that Truell would advance the cause of pension consolidation across the LGPS and UK public sector pension funds more generally. Within the LGPS, this consolidation is now happening in the form of the creation of six new asset pools in addition to the already operational LPP and London CIV. Disruptive Capital, the private equity business and family office of Edi Truell, is going public in a bid to attract investment from the country’s emerging local authority asset pools and other “sophisticated” investors.It intends to list on Switzerland’s SIX stock exchange as Disruptive Capital AG (DCAG), with ambitions to develop into a larger private asset manager.“DCAG, backed by highly successful families, aims to develop into a ‘one-stop solution’ for sophisticated investors, including pension funds,” it said in a statement.“Significant co-investment opportunities are offered on a deal-by-deal basis to its investors to give them the ability to tailor their own asset allocation around that of DCAG.” Speaking to IPE, Truell – the self-proclaimed architect of the consolidation of UK public sector funds – said one of the motivations for listing was to facilitate investors exchanging their current portfolios, “plus or minus more cash”, for listed shares in DCAG.The new asset pools being formed by local government pension schemes (LGPS) in the UK were inheriting “a whole ragbag of stuff” from their member pension funds, and it was these historical portfolios that they could swap for shares in a single listed vehicle, according to Truell.He said the government was pushing pension funds to use listed vehicles rather than more complicated partnerships and other such investment structures, because it made governance easier from the perspective of the pension funds.Another motivation for listing Disruptive Capital, according to Truell, was to make it easier to raise capital quickly so that the company could act as cornerstone investor for some of the large transactions it had underway.Asked why Disruptive chose Switzerland for a listing, Truell said it was one of few stable markets around and that moving family assets back to the UK did not appeal on account of “the political risk of Jeremy Corbyn and his nice friends”.“It doesn’t seem like a sensible place for a long-term vehicle to be,” he said. “We prefer to have our assets in Switzerland rather than subjected to political vagaries.”last_img read more

5 intriguing prospects on Raiders Senior Bowl team

first_imgMOBILE, Ala. — Jon Gruden won’t delve into his Senior Bowl roster with the No. 4 pick, but the Raiders have two other first-round picks and 11 selections in total as he and general manager Mike Mayock rebuild the franchise following a dismal 4-12 campaign.Here are five intriguing prospects playing for Gruden on the North squad this week, some of whom just might play for him again in a couple months.Andy Isabella, UMass WRIsabella stands only 5-foot-8 and 186 pounds, but he screams Gruden …last_img

Photo library: Infrastructure 17

first_img{loadposition tc}Click on a thumbnail for a low-resolution image, or right-click on the link below it to download a high-resolution copy of the image.» Download Infrastructure contact sheet (1.1MB) » Download full image library contact sheet (10.5MB) Richards Bay, KwaZulu Natal province: The coal export harbour.Photo: Hannelie » Download high-res image Richards Bay, KwaZulu Natal province: The coal export harbour.Photo: Hannelie » Download high-res image Richards Bay, KwaZulu-Natal province: Wood chips for export at the harbour.Photo: Hannelie » Download high-res image Richards Bay, KwaZulu-Natal province: Wood chips for export at the harbour.Photo: Hannelie » Download high-res image Richards Bay, KwaZulu-Natal province: Dolosse – oddly-shaped concrete blocks invented in South Africa – protect the harbour wall.Photo: Hannelie » Download high-res image Richards Bay, KwaZulu-Natal province: The harbour.Photo: Hannelie » Download high-res image Richards Bay, KwaZulu Natal province: The coal export harbour.Photo: Hannelie » Download high-res image Richards Bay, KwaZulu Natal province: The coal export harbour.Photo: Hannelie Coetzee » Download high-res image KwaZulu-Natal province: Electricity pylons. Photo: Graeme Williams, » Download high-res imageINFRASTRUCTURE 17: {loadposition infrastructure}Having trouble downloading high-resolution images? Queries about the image library? Email Janine Erasmus at [email protected]last_img read more

2010 Fifa World Cup: legacy stories

first_imgYou can find a list of legacy stories related to the 2010 Fifa World Cup held in South Africa, here:One of the developments as a result of the 2010 Fifa World Cup is the brand new infrastrusture, like the stadiums for sport like soccer. (Images: Brand South Africa)Brand South Africa reporterThe social and economic benefits created by hosting the 2010 Fifa World Cup™ will continue to be felt by South Africa and the continent for years to come. Here are just some of the legacy stories that have flowed from the event:World Cup Legacy Trust unveiledSouth Africa and football governing body Fifa have unveiled a Legacy Trust aimed at boosting education, health, humanitarian activities and football development in the country following the successful hosting of the first Fifa World Cup on African soil.World Cup ‘worth every cent’: surveyOver 309 000 tourists, together spending around R3.6-billion, more than 95% saying they would visit again – a study of the impact of the 2010 Fifa World Cup on South Africa’s tourism industry shows that the event was worth every cent invested in it.FNB pours R40m into local footballFirst National Bank, one of South Africa’s four major banks, is to invest R40-million (US$5.8-million) in developing the country’s young footballers over the next few years as part of its 2010 Fifa World Cup legacy programme.Football for Hope in MaliHerekoura, literally translated, means “new happiness” in Bambara, the principle language of Mali, and this is how the locals felt about the recent opening of the Football for Hope centre in Baguineda – the fourth of 20 such centres being built across Africa as a legacy of the 2010 Fifa World Cup.Mbombela Stadium welcomes Black AcesLoyal soccer fans in Mpumalanga are in for a treat thanks to a deal that will see their home team, Black Aces, playing five Premier Soccer League fixtures at Mbombela Stadium, one of South Africa’s 2010 Fifa World Cup venues.Bright future for FNB StadiumThe FNB Stadium in Johannesburg, a hub of activity during the 2010 Fifa World Cup, is the most profitable facility that was built or renovated in South Africa for tournament matches – and its success as a venue looks set to continue.Unpacking the World Cup legacyUp to one percentage point of extra GDP growth; a catalyst for creating jobs and skills while expanding infrastructure; invaluable lessons in how to deliver on major projects; a massive international image boost; new unity and self-belief at home … Finance Minister Pravin Gordhan unpacks some of the 2010 Fifa World Cup legacy.World Cup surveys highlight successThe successful hosting of the 2010 Fifa World Cup has done wonders for South Africans’ national confidence and the country’s image abroad, according to pre- and post-tournament surveys commissioned by Fifa.Football for Hope in WindhoekKatutura township, in the heart of Namibia’s capital of Windhoek, came alive as locals gathered to witness the opening of the Katutura Football for Hope Centre – the third of 20 such centres being built across Africa as a legacy of the 2010 Fifa World Cup.World Cup ambulances redistributedSeventy-three new Volkswagen and Mercedes Benz ambulances bought specifically for the 2010 Fifa World Cup have been redistributed among state hospitals in South Africa’s North West province.KZN counts World Cup benefitsAn estimated R3-billion was injected into the KwaZulu-Natal provincial economy by South Africa’s successful hosting of the 2010 Fifa World Cup, with the long-term benefits expected to exceed this by far as the “intangible” effects of the tournament kick in over the coming years.World Cup spirit lives on in Youth ZonesThe energy and spirit of South Africa’s 2010 Fifa World Cup is being harnessed for sustainable social development in Africa through the Youth Zones initiative, which combines football, computer literacy and life-skills training to create an enabling environment for young people in disadvantaged communities.Football for Hope in NairobiIn the dusty streets of Mathare in Nairobi, Kenya, dreams were nurtured as the young people of the township celebrated the opening of the Mathare Football for Hope Centre – the second of 20 such centres being built across Africa as a legacy of the 2010 Fifa World Cup.Cape Town stadium looks forwardCape Town’s Green Point stadium, visited by over half-a-million football fans during the 2010 Fifa World Cup, had cost about 25% less than its council-approved operating budget over the last 18 months, its operator said while outlining future plans for the venue on Wednesday.SA to ride World Cup ‘tailwind’: OECDSuccessfully hosting the 2010 Fifa World Cup has earned South Africa “a lot of respect” and “will bring business opportunities and hopefully will open markets,” says the Organization for Co-Operation and Development.Innovation legacy of World CupSouth Africa’s 2010 Fifa World Cup will leave its mark, experts say, not only in the many humanitarian initiatives which have sprung up around it, but also in lasting improvements in infrastructure and technology in the country.South Africa’s World Cup wins heartsThe aftermath of hosting what has been hailed by one and all as a successful 2010 Fifa World Cup will no doubt leave South Africans with a massive hangover. However, the tournament has given them a new sense of pride, confidence and optimism, and opened a new chapter not only for the hosts but for the African continent.1Goal: education ‘the greatest legacy’Addressing heads of state during the “1Goal: Education for All” summit in Pretoria on Sunday, President Jacob Zuma said there was no greater legacy that hosting the 2010 Fifa World Cup could leave than that of education.Rugby, football – and a nation unitedIn 1994, when South Africa shed the shackles of apartheid, it did not mean the country was automatically set on a path of unity. Sport – starting with the 1995 Rugby World Cup, followed up by the 1996 African Nations Cup, and continuing with the 2010 Fifa World Cup – played and continues to play a major unifying role.SA’s World Cup exposure ‘priceless’The positive global media coverage South Africa has received during the 2010 Fifa World Cup has exceeded all expectations and will benefit the country for years to come, says Tourism Minister Marthinus van Schalkwyk, adding: “The goodwill that has been unlocked cannot be measured in monetary terms.”Counting the World Cup benefitsThe social and economic benefits created by hosting the 2010 Fifa World Cup will continue to benefit South Africa long after the final whistle has blown, says Finance Minister Pravin Gordhan.World Cup has inspired Africans: ZumaAs the 2010 Fifa World Cup enters the home stretch, South African President Jacob Zuma says he believes the legacy of hosting the tournament will benefit the African continent for decades.New beginning for 2010 host citiesAfter years of preparation, development, planning and excitement, Nelspruit, Polokwane and Mangaung/Bloemfontein look to the future and what they can take from their experience of hosting the world’s biggest sporting event now that their World Cup duties are over.Football for Hope centres on trackFootball body Fifa says it is on track to roll out 20 Football for Hope centres across Africa after the 2010 Fifa World Cup. The ambitious project is one of the major legacies Fifa wants to leave after staging the first World Cup on the continent.New transport era for JoburgJohannesburg’s new Bus Rapid Transit system, one of many transport projects that was accelerated for the 2010 Fifa World Cup, has proven popular among fans travelling to matches, and all indications are that it will become a well-used mode of transport long after the World Cup has left the country’s shores.South Africa’s 2010 tourism harvestSouth Africa is set to reap lasting tourism rewards from the 2010 Fifa World Cup, with visitors pouring into the country in numbers, from new as well as traditional markets, and responding to the country’s offerings – and the energy and warmth of its people – with surprise and delight.World Cup ‘turning point’ for South AfricaAs the 2010 Fifa World Cup unfolds in South Africa, the international community is not only watching the action on the pitch; they are also witnessing a South Africa that is continuing to emerge as a competitive 21st century economy, says consulting firm Deloitte.Cup visitors enchanted by South AfricaThe world’s attention is focused on the southern tip of Africa as the greatest football showpiece plays itself out on the fields and in the streets of South Africa. But once the final whistle has blown on 11 July, it seems as though a lot of happy fans will be coming back to the country.2010: South Africa’s great leap forwardJust as the 2006 World Cup had Germans smiling, drinking beer and waving the national flag en masse for the first time in 60 years, so the first African World Cup in South Africa could have an equally dramatic effect on promoting social cohesion in a country with a lingering legacy of racial inequality, writes John Battersby.Infrastructure drive ‘has only just begun’Many of the construction workers retrenched after the completion of World Cup projects will be employed over the next three years as the country spends up to R700-billion on new roads, bridges and dams, says Transport Minister Sbu Ndebele.SA’s image ‘about to change forever’The 2010 Fifa World Cup will forever change the world’s perception of South Africa, President Jacob Zuma said at the opening of the 2010 Tourism Indaba trade show in Durban.Source: MoneyWeb.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

It’s Back! Layar’s Mobile AR Browser Relaunches On iPhone

first_imgTags:#Augmented Reality#web 12 Unique Gifts for the Hard-to-Shop-for People… Related Posts chris cameron 5 Outdoor Activities for Beating Office Burnoutcenter_img 4 Keys to a Kid-Safe App In December of last year, augmented reality (AR) browser makers Layar chose to pull its iPhone app from the App Store due to frequent crashes reported by users. They thought it was better for their brand to remove the application than to promote a faulty product. As we’ve mentioned in the past, Layar had hinted that a revamped iPhone app would be out near the end of February, and earlier this week they released just that.With the relaunch of their iPhone app, Layar rejoins acrossair, Wikitude and others now vying for elbow room in the mobile AR space. Layar boasts one of the largest collections of points-of-interest (POI) data sets and now that library is available again on the iPhone. The usual suspects can be found on Layar, such as Flickr photos, Google search, YouTube videos and Wikipedia articles, but one of the more unique layers on the app is Foursquare integration. Users can use the Layar AR viewfinder to find nearby Foursquare locations and by linking the app to their account can check in without leaving Layar. There is also a feature in each layer to view entries on a map, or in list view. The map is especially handy for Foursquare integration because Foursquare’s own app disappointingly doesn’t support a map view. An equally interesting layer to investigate is the layer which shows you which U.S. organizations in your area received funding (and the amount they received) from the Recovery Act.“The new Layar Reality Browser has a re-engineered engine under the hood. This new engine makes the application light, stable and very quick,” the company said on its blog. “It is ready to handle all the current layers and it is a good base to realize all of our exciting future plans.” Layar’s return to the iPhone platform comes just in time for the company’s new layer marketplace which will allow developers to charge users for their content; in other words, an App Store for mobile AR. If Subway wants to create a layer with all of their locations and charge $.99 for it’s use, they or any other company will easily be able to do that. One could assume that Layar will make use of Apple’s in-app purchase functionality on the iPhone, but it would be sad to see Layar lose a percentage of their cut on the purchases to Apple. If anything, that could raise prices on the layers themselves, but that’s a whole other argument.This could be a huge step forward for the mobile AR space. As these applications become more useful, more refined and more popular, companies will be excited to participate in providing branded content in an AR experience. Expect an announcement from Layar in the next few weeks about the launch of this exciting new platform, but in the meantime, iPhone users (3GS only) can go snag Layar’s free app (iTunes link) in the App Store. 9 Books That Make Perfect Gifts for Industry Ex…last_img read more

Perasol, Maroons remain upbeat despite 2 straight losses

first_imgPhoto by Tristan Tamayo/INQUIRER.netUniversity of the Philippines needed just 22 seconds to take a victory lap all the way to the third seed in the standings of the UAAP Season 80 men’s basketball tournament.With 22 seconds remaining in the game and the game tied at 71-71, all the Fighting Maroons had to do was get a defensive stop.ADVERTISEMENT IOC, Tokyo organizers aim to cut costs for the 2020 Olympics Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. Read Next Adamson, however, didn’t had other plans when Sean Manganti lifted the Soaring Falcons to the third spot scoring the game-winner for the 73-71 Falcon win.As Manganti’s game-winner sank through the net, so did the hearts of the Maroons who slipped to 3-3 and the fifth seed.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutMaroons head coach Bo Perasol, however, was still proud of his team even though they left Smart Araneta Coliseum after a disappointing loss.“I can’t ask for more. We just have to pick up the good things about the game and find a way to get another win so that we get to four wins,” said Perasol Wednesday. “I think the good thing about this is the boys really wanted to bounce back, and that I can give them.” Fire hits houses in Mandaluyong City LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Nonong Araneta re-elected as PFF presidentcenter_img Fire hits houses in Mandaluyong City View comments After suffering a brutal loss to Far Eastern University, 78-59, the Maroons were looking to rebound strong against the Falcons.“I was really hoping for a bounce back game, but most of the time you cannot guarantee a win even though you really bounced back well,” said Perasol.Paul Desiderio could’ve been the hero for the Maroons when he tied the scores at 71-71 with 22 seconds left of the game but Manganti was in the right place at the right time to become Adamson’s savior.And as heartbreaking as their close loss was, Perasol are still staying positive as they try to finish the first round on a winning record.“If we can finish the first round at 4-3 and when was the last time UP finished at 4-3?” said Perasol. “That’s the positive that I see. They’re going to believe we’re getting to 4-3.”ADVERTISEMENT Frontrow holds fun run to raise funds for young cancer patients  LATEST STORIES MOST READ Brace for potentially devastating typhoon approaching PH – NDRRMC Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:59Sports venues to be ready in time for SEA Games01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Gameslast_img read more

Air Force stuns Pocari to inch closer to PVL Finals

first_imgMOST READ Trump strips away truth with hunky topless photo tweet Sports Related Videospowered by AdSparcRead Next DILG, PNP back suspension of classes during SEA Games Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games “Almost everyone stepped up for the team,” Jimenez said. “Our service and blocking worked and we also did well on our floor defense.”May Pantino and Jocemer Tapic scored 12 and 11 points, respectively for No. 3 Air Force, which fell to Pocari in straight sets back in the elimination round on July 26.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsMyla Pablo had a game-high 14 points for the Lady Warriors, who will shoot for the equalizer in their best-of-theee duel less than 24 hours from now. Lacson: SEA Games fund put in foundation like ‘Napoles case’ Photo by Tristan Tamayo/INQUIRER.netAir Force got back at Pocari Sweat, 25-20, 25-19, 25-21, to take a 1-0 edge in their semifinals series in the Premier Volleyball League Saturday night at Filoil Flying V Centre in San Juan.Head coach Jasper Jimenez said everything clicked for the Lady Jet Spikers, resulting to a surprisingly quick victory over the formidable Lady Warriors.ADVERTISEMENT Don’t miss out on the latest news and information. Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant LATEST STORIES FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress NGCP on security risk: Chinese just technical advisers Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Head-turners Mendez, Kilgroe relish challenge in Cobra Ironman 70.3 View commentslast_img read more

Rita Ora slams ex-boyfriend in new track Poison

first_imgThe blonde beauty – who is reportedly dating rapper Richard Hilfiger – has previously been in relationships with DJ Calvin Harris, reality star Rob Kardashian and sports agent Dave Gardner and admits the track is about her “bad luck” in her personal life, but stopped short of admitting who she singles out in the track.Rita Ora has slammed an unnamed ex-boyfriend in her new track, Poison which compares the anonymous man to the devil.Chatting to Clash magazine, the 23-year-old singer shared: “[‘Poison’] is about my bad luck with love.”The lyrics are harsh, comparing her former love to a snake and the devil.At one point Rita sings: “Like a serpent/From the Garden of Eden/You are like poison/Running in my blood.”I open up my windows/I’m so sick of breathing/Every day I’m trying/But I don’t remember who I was before you came.”The feisty singer hasn’t confirmed who the song has been aimed at but given her past relationships, it’s safe to say she’s had a lot of material to work with.In June, Calvin publicly announced his split from Rita via Twitter and has reportedly offered other pop stars the songs he wrote originally for her second album.Ex-boyfriend Rob has also been vocal about his relationship with the blonde beauty.In 2012, the sock designer took to Twitter to rant about his failed romance with the ‘Hot Right Now’ pop star and even alleged Rita had cheating on him.He wrote: “She cheated on me with nearly 20 dudes while we were together… But I mean 20?!!!!”advertisementIronically, Rita appeared to eventually respond to Rob by saying she wouldn’t talk about her relationship in public.She said: “When you are involved with someone for a while and they decide to express their feelings to the public, well, that’s not my personal way of therapy but I guess everyone takes split-ups differently.”last_img read more

21 days agoBarcelona in contact with River Plate coach Marcelo Gallardo

first_imgBarcelona in contact with River Plate coach Marcelo Gallardoby Carlos Volcano21 days agoSend to a friendShare the loveRiver Plate coach Marcelo Gallardo is a shock target for Barcelona.Barca coach Ernesto Valverde is under pressure at the Nou Camp after a stuttering start to the season.TNT says Barca are searching out alternatives, with Gallardo high on the agenda.Indeed, the Argentine has already spoken with Barca management, but he replied that he could not make a decision yet as he’s focused on River’s Copa Libertadores campaign.Gallardo made his name in France with successful spells at PSG and Monaco. TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img

Video: Georgia Releases “A Call To Action” Video Ahead Of Spring Game

first_imgUniversity of Georgia stands during a football game.Georgia’s first-year head coach Kirby Smart is set to show off his team for the the first time in front of the home crowd Saturday afternoon at the spring game. With so much excitement surrounding the program, it’s worth taking a moment to appreciate how UGA got here. So, to make sure fans are all caught up, Georgia posted this awesome “A Call To Action” video to its official Vimeo page to highlight the Bulldogs’ short journey under Smart.Georgia’s spring game is scheduled to kick off Saturday afternoon at 4 p.m.last_img