Listed equities drive record earnings at Sweden’s AP4

first_imgThe fund said this strategy had been a large component in the outperformance for 2013.Another factor was the emphasis on active management.The fund outperformed the benchmark index by 0.5 percentage points before expenses, although last year the outperformance had been 1%.AP4 has now outperformed its benchmark index for a tenth consecutive six-month interim period, which means it has delivered a better return than passive management.The return for 2013 takes the annual nominal total return after expenses over the past 10 years to 7.2%, or 5.9% adjusted for inflation.This comfortably overshoots the board’s real return requirement of 4.5% on average, and has also outperformed the income index.Meanwhile, management expenses remain low, with a total expense ratio of 0.11%, slightly above last year’s 0.10%.Foreign exchange exposure has slightly increased over last year, reaching 28.6% as at 31 December 2013. Fjärde AP-fondens, the Fourth Swedish National Pension Fund (AP4), has announced record earnings of more than SEK37bn (€4.1bn) for calendar year 2013, a total return of 16.4% after expenses.This compares with a total return of 11.2% for 2012.The fund is now worth SEK260bn.AP4’s brief is the achieve the best possible return over time, and its board considers this is best approached by holding a large proportion of publicly quoted equities, both Swedish and non-Swedish.last_img read more

Transcript of Dino Babers firing up Syracuse football team before Friday’s practice

first_img Related Stories Syracuse football training camp blog: Devin Butler switches numbers, Kenneth Ruff catches passes again and moreSyracuse football defensive linemen not locked into 1 spot in Tampa 2Gallery: Syracuse football’s 1st training camp practiceDino Babers’ 1st training camp press conference (video) Syracuse head coach Dino Babers addressed his team at the start of practice on Friday morning, the first day of the Orange’s two-a-days. He gathered SU and talked about giving full effort for two-a-days and catching up to other teams in the has published the full video.After practice, Babers explained that he wanted his team to know it can’t waste time.“Just to make sure that we take advantage of every opportunity, that we don’t waste a single minute,” Babers said of his speech. “We don’t have a minute to waste. We’ve only been together for what, 15 plus 10, 25 practices. We can’t waste an opportunity, that’s all.”Here’s a transcript of Babers’ speech.AdvertisementThis is placeholder text“This is the first day … This is what’s going through my mind. Guys are thinking, ‘I’ve got two practices today. I’ve got to save something for the second practice.’ If it’s not in your mind, you’re going to go through practice thinking, ‘I’ve got to pull back because I’ve got another practice today.’ I can’t let you do that.“We’re behind. As a family, we’re behind the other teams in the conference. But these are the days that we catch up. These are the days that we run them down. There’s coaches that are starting two-a-days and they’re cruising. They’re not coaching both practices. They’re coaching one. There are players that are really good that are cruising. They’re not going to practice twice today. They’re going to practice once.“I’m so tired of this, ‘It’s a grind bullsh*t.’ It’s not a grind. Let those other son of a b*tches say it’s a grind.“What is it?” (Indiscernible response from the team) “Let’s find out where in the hell we’re at. Let’s find out if his ass is any good (pointing at assistant athletics director for athletic performance Sean Edinger). He ran your ass the whole damn summer. He said if you did exactly what he told you to do that you’d be able to run this offense and run this defense and run this special teams and get through these practices … Did he not say that?” (Team responds, ‘Yes sir.’) “Let’s find out where he’s at. Let’s have faith — belief without evidence — that he knows exactly what in the hell he’s talking about. I need you guys to go today. I need you to G-O, G-O, G-O. Drop the damn E. No freaking ego. Drop it and G-O. I got to tell you now because if it’s after practice and it’s not right. We lost one. We don’t have none to lose.“Coaches, you guys are no damn different. I need all of you today. Both halves. First half. Second half. Championship. Championship staff. The core of these guys have been together four years. Four conference championships, 210 different athletes. Four conference championships. Three total championships. Two hundred ten different cats. Two different equipment guys, two different trainers, two different doctors, two different administrations. Championship. Championship. You’re good, I know you were in the bathroom, Jon (Burton). You’re good.“Give me your eye. Have faith. Believe in what the hell they’re telling you and let’s G-O. You guys feel me? ( Team responds “Yes, sir.”)“…Where’s Omari (Palmer)? (Raises hand) Omari, I want to say something about you. I remember the spring. Omari, tempo, tempo, on the line, get set. Omari’s last. On the line, get set — this in the spring. Omari’s last. We had the one play on 4th-and-1, he was last. He’s good ever since. Here’s my point: He’s taking his cruise meter off — he’s starting to believe. We need you guys to take that sh*t off. Go as hard as you can. If you fall down, (head athletic trainer Denny Kellington) will help you. Brad (Kimble, Syracuse’s assistant athletic trainer) will help you and we’ll get somebody in there. Not in a negative way, but we need to be fast and get a fresh guy in there for tempo.“When you run the quarter, quarter mile — and I know some of you O-lineman (indiscernable) — when you run the quarter, you start off fast and go slow at the end, you’re gassed. You go slow at the beginning and go fast at the end, you’re gassed. If you run fast all the way around, you’re gassed. And I got news for you. If you go through the whole way around, your ass is still gassed. You can’t get around it. Your ass is going to be gassed. Go like this for one week of practice. G-O. This is our first half vs. Colgate.“If we practice like champions, we got a chance to be 6-0. Why not? Why not? If we cruise, we could be 1-5. Wish in one hand. Wish we were strong. Wish we were better conditioned. Wish we took care of our bodies. Wish in one hand. Sh*t in the other. … Stop all the wishing today. Get this sh*t done.” Comments Published on August 12, 2016 at 9:23 amcenter_img Facebook Twitter Google+last_img read more

GUSA turn attention to 2019 World University games

first_imgGhana Universities Sports Association (GUSA) will begin preparations later this month for the upcoming World University Games which will be organized in Naples, Italy, in July. Following the Successful end of the  2019 GUSA games at the University of Cape coast, the technical team have an idea of athletes who will be representing the country at the World Games.Hosts University of Cape Coast (UCC) emerged the overall winners at the GUSA games this year with a total of 20 gold medals, 11 silver medals, and 6 bronze medals.Tertiary institutions which contested for the games included University of Cape Coast, the University of Education, (UEW) the University for Development Studies (UDS), and the University of Ghana (UG), University of Mines and Technology (UMAT), University for Professional Studies, Accra (UPSA), University of Energy and Natural Resources (UENR), University of Health and Allied Sciences (UHAS) among others.University for Development Studies are expected to dominate the football team after annexing the competition and finishing second with a total of 13 gold, 11silver and 12 bronze. University of Ghana came third with 4 gold medals,9 silver and 9 bronze medals. University of Education Winneba came fourth with a gold medal and were followed closely by University of Energy and Natural Resources, University of Mines and Technology, University of Health and Allied Sciences and University for Professional Studies who recorded no gold medals.Speaking at the closing ceremony, Professor Joseph Ampiah Ghartey, Vice Chancellor of the University of Cape Coast applauded the various institutions for exhibiting good sportsmanship during the games. He also expressed delight with the level of talent on display adding that Local Organising Committee (LOC) did a great work with the organisation despite the short notice they had at their disposal.“The LOC did a good job despite the short notice they had at their disposal”, Professor Ampiah Ghartey noted.The GUSA flag was lowered and given to the University of Ghana which would be hosting the next GUSA games in 2020.Ghana Universities Sports Association Technical team will soo determine when the camping for this summer’s Universiade in Naples will begin. The World Universities games was initially scheduled for Brasília, which would have been the second time Brazil hosted the event, However, on December 23, 2014, it was confirmed that Brasília withdrew from hosting the event, citing financial problems. International University Sports Federation decided to reopen the bidding process after the withdrawallast_img read more