SPK appoints infrastructure, risk premia managers following strategy change

first_imgCIO Stefan Ros previously said of the fund’s interest in risk premia: “The hedge fund industry in general is very expensive, so we’ve tried to be creative and look for alternative strategies that can achieve what the hedge funds do but with significantly lower costs.”Hansson added that the fund also selected a real estate manager but had yet to finalise the paperwork for the appointment.As a result, SPK has now appointed managers for all of its planned alternatives portfolios.Hansson called the new asset allocation the “biggest change in the history of the fund”, with holdings in 10 asset classes rather than the previous two.It plans to allocate 20% of assets to alternatives – spread across infrastructure, property, hedge funds and alternative risk premia – with 30% in equities and the remaining half of the fund in fixed income. Sparinstitutens Pensionskassa (SPK) has appointed two new managers as it moves into infrastructure and grows its exposure to alternative risk premia.The SEK24bn (€2.6bn) fund for the Swedish banking sector recently overhauled its investment strategy, moving away from an approach that had 70% of assets in fixed income and the remainder in equities.Peter Hansson, the fund’s chief executive, told IPE JP Morgan Asset Management would be in charge of its infrastructure portfolio, accounting for 4% of assets.Ramius Alternative Solutions has also been put in charge of SPK’s 8% allocation to alternative risk premia, complementing the previous appointment of Brummer & Partners.last_img read more

Lionel Messi passed fit for La Liga restart

first_img La Blaugrana restart their title defence with a trip to the Balearic Islands on June 13, ahead of a high stakes end of season run in. However, the defending champions have been boosted by the news that Messi is on track to recover from a thigh injury.Advertisement “Messi has not trained due to a precaution, but he is perfectly fine and will not have any problems,” he told an interview with Movistar, reported via Marca. “We are facing a concentrated run of games, and I want to have Messi on the pitch as much as possible.” Setien also confirmed Luis Suarez is back in full training and the Uruguayan international will be included in the squad to face Vicente Moreno’s side. Read Also: Liverpool cleared to win Premier League at AnfieldThe former Liverpool man has been sidelined since January, after undergoing knee surgery, but due to the extension of the 2019-20 season, he is now set to return.French international pair Ousmane Dembele and Clement Lenglet will miss out, through injury and suspension respectively, with Samuel Umtiti set to step in for Lenglet.FacebookTwitterWhatsAppEmail分享 Barcelona boss Quique Setien has confirmed Lionel Messi will be fit for their La Liga clash away at Real Mallorca this weekend.center_img Loading… Promoted ContentWho Earns More Than Ronaldo?5 Of The World’s Most Unique Theme ParksA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtPlaying Games For Hours Can Do This To Your BodyBest & Worst Celebrity Endorsed Games Ever Made6 Interesting Ways To Make Money With A DroneWhy Go Veg? 7 Reasons To Do This6 Of The Best 90s Shows That Need To Come Back ASAPRyan Reynolds Does The Bottle Cup Challenge (You Better See This)Behind-The-Scenes Selfies From 10 Popular MoviesYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Most Exciting Cities In The World To Visitlast_img read more

LeBron James had a great response about playing with son Bronny in the NBA

first_imgView this post on Instagram Following the Lakers’ 101-96 victory over the Hawks on Sunday, LeBron was asked if he had thought about playing in the league at the same time as Bronny.The 34-year-old said: “The way my body feels right now postgame, no, absolutely not. Through the grace of God and the grace of health, we will see what happens. But at the end of the day, it’s not promised my son can make it to this level. We don’t even discuss that.”We live every day by every day and [think about] how he can continue to be a great teammate, be a positive role model to his little brother and little sister and, when he leaves the house, continue to hold the James last name with the utmost respect. Because it’s not just about him — and when I leave the house, it’s not just about me — it’s about our family and what we’ve created.”Being in the NBA is extra credit as far as life [goes]. If you’re able to make it, you don’t ever take it for granted. This is all cool and well and dandy, but there’s so much more to life, especially when you’re raising a family.” A post shared by LeBron James (@kingjames) on Dec 15, 2019 at 6:56am PSTOn his trip to Columbus, he added: “It was my son’s eighth high school game and the first I was able to be at live, so to have all the family … all my friends and people I grew up with in my home town were all there. My mentor and father figure coach Dru Joyce was on the other side coaching St. Vincent-St. Mary.”It was a surreal moment, not only for myself but my family and friends were talking about it as well, how things have come full circle. Seeing my son out playing in our home state versus my alma mater, playing in front of our family and friends, everyone was telling me it was like I was back in high school all over again watching my son. It was one of the greatest moments in my life so far.” LeBron James joked he was not confident his body would be able to hold up to the demands of the NBA long enough for him to play at the same time as his son Bronny.Bronny, 15, led Sierra Canyon to a 59-56 victory over his father’s former high school St. Vincent-St. Mary on Saturday, with LeBron in attendance for the game in his home state of Ohio. The four-time NBA MVP was pictured bouncing up and down courtside after his son stole the ball and laid in a go-ahead basket in the final minute. LeBron had 32 points, 13 rebounds, seven assists and three blocks as the Lakers extended their winning streak to seven games against the Hawks.The 34-year-old was clearly enjoying himself in the second quarter, pretending to block a shot by teammate Rajon Rondo and teeing up Dwight Howard for a dunk with a pass between his own legs.”He was spectacular. He had some all-time clips,” Lakers coach Frank Vogel said. “He was terrific. He was a huge part of the win.”last_img read more