NEST, Railpen plug cyber security advice gap for pension fund trustees

first_imgThe report lists recent cyber attacks and their financial impact, such as the hacking of 380,000 British Airways accounts in September 2018 that led to a $229m (€208m) fine “with a possible £500m (€581m) lawsuit on top”.The document presents case studies on research and engagement carried out on cyber security by some UK pension funds, and suggests questions trustees can put to their asset managers and portfolio companies on the topic.Richard Williams, CIO at RPMI Railpen, the investment manager for the UK’s £31bn (€34bn) railways pension schemes, said: “Trustees need to acknowledge that it is not a matter of ‘if’ but ‘when’ their investee companies will face a serious cyber security breach.“[This] publication provides a toolkit for pension scheme trustees. Companies should be ready for questions from investors, and pension funds need to start raising the topic with their managers.” NEST and RPMI Railpen, two well-known UK pension investors, have moved to fill a gap in the advice available to pension scheme trustees on cyber security risk with a report concentrating on the risk it poses to their portfolios.In a statement announcing publication of the report, the schemes said that while there is guidance for trustees on how to build cyber resilience with regard to the scheme itself and its data, there was to date no equivalent advice for them on how to incorporate cyber security into their investment and stewardship processes.”Generally,” the report states, “little is understood by pension funds about these risks and there is seemingly no obvious common or standardised approach for addressing them.”And yet cyber security risks were financially material and of interest to members and other stakeholders, according to the report, referring to “numerous papers and articles […] citing cyber security as a prominent and growing issue that can have strong, negative implications on investment performance”.last_img read more

Swiss AM association draws guidance for sustainable investment

first_imgSFAMA, the Swiss Funds and Asset Management Association, has launched a series of recommendations that would guide asset managers to include sustainability criteria into their investment processes.SFAMA has teamed up with the Swiss Sustainable Finance (SSF) association to draw up the recommendations.Last week, IPE revealed in an interview with SSF’s CEO Sabine Döbeli the association was working with SFAMA to publish a document with a list of advice on sustainable asset management.Döbeli said the Swiss market is prepared to continue to embrace sustainability as a mainstream approach for investments, although a number of asset managers are still at the start of the journey. In a joint statement, SFAMA and SSF specified that the recommendations, technical in nature and focused on governance, investment policy and strategy, risk management, transparency, and reporting, are intended in particular for organizations that are still at the early stages of environmental, social and governance (ESG) integration.The organizations suggest asset managers should consider material sustainability factors to define target allocation for the different asset classes on a strategic level, while on a tactical level sustainability information could influence top-down decisions relating to sectors or markets at a given point in time, according to the document listing key messages and recommendations for sustainable asset management.Asset managers could also decide to apply ESG factors purely in their bottom-up processes, integrating ESG criteria in the assessment of individual portfolio holdings.Markus Fuchs, managing director at SFAMA, said: “Asset managers are aware of the importance of ESG factors, and the industry knows its responsibility in terms of facing up to global challenges. Sustainability has to be part of an asset manager’s DNA.”SFAMA and SSF also defined the best approaches to take according to asset classes, depending on the motivation of the investment.If the motivation is promoting sustainable development, for example, active voting and shareholder engagement is highly relevant for private equity, impact investing for alternatives, microfinance and private debt, and a best-in-class approach suits equities best.If the goal is to improve the risk-return profile of the investment, ESG integration is highly relevant for real estate, corporate bonds and equities.“In a globalized economy, the success of corporate strategies is increasingly dependent on ESG factors. Integrating them into financial analysis and risk management activities can contribute to increasing profitability and minimizing risk,” said Döbeli.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Fraunhofer IWES Releases First Offshore Wind Index for German Bight

first_imgThe Fraunhofer Institute for Wind Energy and Energy System Technology (IWES) has released an Offshore Wind Energy Index, the first wind index for offshore wind farms in the German Bight in the North Sea.The Fraunhofer IWES Offshore Wind Energy Index (FROENIX) is said to provide an opportunity to estimate the inter-annual power density variation at offshore wind farm sites.It reveals the percentage deviation of the average wind power density during one year compared to the average wind power density of the past five and ten years. As such, it allows wind farm operators and owners as well as grid operators to assess their wind farms’ power output in comparison with the long-term average and to identify the causes of power losses, Fraunhofer IWES said.The index is computed separately for each of the 13 offshore wind farm clusters as defined in the 2012 Federal Plan for the North Sea.It is calculated from more than a decade of mesoscale simulations of the wind conditions over the German Bight with a resolution of 30 minutes in time. The horizontal resolution of the simulations is 2.1 km.Data including time series, wind fields and statistics can be made available on request. Furthermore, Fraunhofer IWES can also provide simulations which take the follow-on effects of large offshore wind clusters into account.The simulations did not take any wind farm effects within the German Bight into consideration. Consequently, the impact of the expansion of surrounding wind farms can be estimated by comparing the actual production data with the wind index data, Fraunhofer IWES said.last_img read more

FA Cup: Newcastle held by minnows Rochdale as Wilbraham shines

first_img Promoted ContentLook At Something Beautiful That Wasn’t Made By A Human Being18 Cities With Neverending Tourist-FlowTop 10 Tiniest Phones Ever MadeBest & Worst Celebrity Endorsed Games Ever Made11 Most Immersive Game To Play On Your Table TopWho Is The Most Powerful Woman On Earth?7 Ways To Understand Your Girlfriend Better10 Risky Jobs Some Women DoIs This The Most Delicious Food In The World?The Very Last Bitcoin Will Be Mined Around 2140. Read More7 Mind-Boggling Facts About Black Holes8 Things You Didn’t Know About Coffee Newcastle’s wretched record in the FA Cup continued as 40-year-old Aaron Wilbraham gave minnows Rochdale a 1-1 draw in Saturday’s third round clash Magpies boss Steve Bruce had declared his determination not to lose to “bloody Rochdale” as he eyed a sustained Cup run for a club that hasn’t won the competition since 1955 and last reached the final in 1999. Newcastle were roughed up by minnows Rochdale in their 1-1 FA Cup draw But Newcastle’s FA Cup form is so bad that they have not gone beyond the fourth round for 13 years. A succession of Newcastle managers have refused to take the competition seriously, sending out weak teams as they prioritised Premier League survival. And once again they endured embarrassment as Rochdale, who took Tottenham to a fifth round replay in 2018, recovered from Miguel Almiron’s opener to earn a replay at St James’ Park later in January thanks to a late leveller from old stager Wilbraham. Despite dealing with a raft of injuries, Bruce, a three-time FA Cup winner with Manchester United, picked six players who started Wednesday’s Premier League loss to Leicester. Almiron was one of the hold-overs and the Paraguayan midfielder opened the scoring with a fierce drive into the top corner from Christian Atsu’s 17th minute pass. It was only Almiron’s second Newcastle goal since his January move from Atlanta United after he broke his duck against Crystal Palace on December 21. Newcastle were on top and should have scored again when DeAndre Yedlin picked out Yoshinori Muto, but his shot was too close to goalkeeper Robert Sanchez. – Nervous Newcastle – Loading… center_img In need of a lift, Rochdale, sitting 18th in League One, opted for experience over the promise of youth at half-time when they sent on Wilbraham to replace 16-year-old Kwadwo Baah. The change revived Rochdale and Martin Dubravka had to make a good save to deny Oliver Rathbone before Ian Henderson hit the woodwork from close-range. Newcastle were looking increasingly nervous and Rochdale deservedly equalised in the 79th minute. In the 674th game of his journeyman career, Wilbraham bagged only his second goal in the FA Cup with a close-range finish from 17-year-old Luke Matheson’s cross. Burnley boss Sean Dyche made eight changes against third tier Peterborough and the stands-in took their chance in a 4-2 win at Turf Moor. Jay Rodriguez put the Premier League side ahead in the eighth minute and Erik Pieters doubled the lead for his first ever Burnley goal seven minutes later. Jeff Hendrick’s shot went in on off Mark Beavers to make it three in the 23rd minute before Ivan Toney reduced the deficit in the 39th minute. Rodriguez’s confident finish in the 52nd minute ensured Burnley, who haven’t won the Cup since 1914 and last made the final in 1962, remain on the road to Wembley despite Ricky Jade-Jones’ 76th minute reply. Elsewhere in the day’s early third round action, 2004 FA Cup runners-up Millwall beat fourth tier Newport 3-0 and Championship side Bristol City were held to a 1-1 home draw by League One outfit Shrewsbury. FA Cup holders Manchester City host Port Vale later on Saturday, while troubled Manchester United travel to Wolves looking to avoid a repeat of last season’s quarter-final exit at Molineux. FacebookTwitterWhatsAppEmail分享 last_img read more

Bulldogs Participate In SuperPREPS Weekend At Louisville

first_imgThe Batesville Baseball participated in The Baseball SuperPREPS Event in Louisville.The Bulldogs played against teams from The Louisville, Frankfort/Chicago, and Bellefontaine/Dayton Areas.Bulldogs vs. Ben Logan Baseball (4-10)Bulldogs vs. Lincoln Way North (4-11)Bulldogs vs. Ballard (4-11)It’s always tough to play your first game of the season without getting on the field much, but when you play your first games of the season without getting on the field much, against the best in the Midwest it is a little different. This was the case for the Bulldogs as we traveled to Louisville this past weekend.We always try to find some positives about situations such as these and there were quite a few. The team we brought with us in the final game was worlds better than the team that played on Friday night – it was almost night and day. We learned a lot about what our player capabilities are and how they react to situations.We have a lot to work on – best part about this is, that everything we saw is more than fixable – giving both us coaches and players a very positive feel for the rest of the season.Courtesy of Bulldogs Coach Alex Davis.last_img read more

Batesville Kiwanis make YMCA donation

first_imgTara Britton from the YMCA (L), Kiwanis Club president Rita Seig(R). Batesville, In. — The members of the Batesville Kiwanis Club made a $500 donation to the Southeastern Indiana YMCA Tuesday.The donation was unanimously supported by the citing the YMCA local mission to put Christian principles into practice through programs that build healthy spirit, mind and body, for all.last_img

Area Basketball Scores (12-15)

first_imgArea Basketball ScoresSaturday  (12-15)Boys/Girls Basketball DHBoys-East Central  55     Batesville  46Girls-East Central  44     Batesville  32Boys ScoresOldenburg  50     Rising Sun  34Jac-Cen-Del  62     Trinity Lutheran  55South Ripley  67      South Decatur  64Morristown  74     Milan  71Greensburg  70     Franklin County  23North Decatur  77     Triton Central  61Connersville  42     Richmond  39Rushville  63     Centerville  37South Dearborn  76     Ludlow  65SW-Hanover  79     Jeffersonville  52SW-Shelby 82     Waldron  47Monrovia  52     Edinburgh  26Jennings County  65     Seymour  46Madison  79     Austin  46The Freshman Boys Basketball Team lost in the final game to Shelbyville in the Batesville Invitational on Saturday, 39-27.Batesville was led in scoring by Eli Pierson (12) and Ian Powers (6). They won their first round matchup against Hauser, 42-30. Batesville was led in scoring by Eli Pierson (15), and Cody Mohr (11). Courtesy of Bulldogs Coach Sean Boyce.Girls ScoresOldenburg  43     Trinity Lutheran  39Morristown  66     Milan  50Lawrenceburg  48     Rushville  44Trimble County  58     SW-Hanover  43Winchester  67     Union County  44last_img read more

Parks perks up Connacht

first_img Parks and Buso swapped penalties before a 71st-minute penalty from Gonzalo Garcia had the Italians within touching distance of their first victory. However, despite being below par, Connacht showed their resilience as Parks’ right boot ensured they finished on top at the end of a competitive encounter. Press Association Dan Parks kicked a late drop goal and penalty to guide Connacht to a battling 23-19 RaboDirect PRO12 win over Zebre at the Sportsground.center_img Eoin McKeon’s first try for the province had Connacht ahead within two minutes, and Gavin Duffy also touched down for a 14-3 lead. But only a point separated the sides at the break, with Paolo Buso kicking his second penalty and converting Leonardo Sarto’s 31st-minute try. last_img read more

IHOC : An afterthought: SU players moving on following transfers of Menard twins

first_imgLast year, she was the best player on the team. This year, she’s an afterthought.She was nominated as one of the top collegiate players in all of Division I women’s ice hockey. She led Syracuse in goals, assists and points, accounting for about 18 percent of the team’s offense last season.She would have returned to play for Syracuse this season but decided to transfer away. And now she’s nothing more to the Orange than a distant memory.‘I just feel like she’s so insignificant it’s kind of a waste of time to talk about her,’ Syracuse senior defender Taylor Metcalfe said.‘That girl doesn’t cross any of our minds,’ she added.AdvertisementThis is placeholder textThat ‘girl’ is Isabel Menard. After the 2010-11 season, during which SU went 14-16-6, Isabel transferred to Boston University. Her departure from SU in favor of the Terriers left a gaping scoring hole in a Syracuse team that is still in the infant stages of existence.Isabel wasn’t the only SU player to depart and find another hockey program following last season. Three others, including her twin sister Talia, also left the Orange. Kelly Dimmen, who was on the team last season as a junior, is no longer listed on the roster, though she is still enrolled at the university. But Isabel was certainly the most valuable.Still, SU looks to move on without its best player from last season, Isabel, and focus on the players it does have this year. Whether anyone can step up and fill the void left by Isabel remains to be seen for this 2011-12 season.No matter how insignificant Metcalfe and others think Isabel is at this point, there’s no denying how valuable she was to the program during her time at SU. In her first two seasons, she was as dominant as anyone on the ice, registering 81 total points as a freshman and sophomore.What made Isabel so effective was her speed, said former SU player Julie Rising, even though it was a little deceptive. By being a second or two faster, it gave her an edge over other players. When it came to playing hockey, she was simply gifted.‘I think as a female college player, she’s one of the top ones I’ve played with before,’ said Rising, who graduated in May.And that talent led to widespread recognition. She was nominated for the Patty Kazmaier Memorial Award last season, given annually to the top Division I women’s player and was also named to the All-College Hockey America First Team.But despite all the accolades she stockpiled, Isabel didn’t want to stick around following her sophomore year.SU head coach Paul Flanagan said Isabel is the only one who knows why she left for another school, but he did say that the twins’ father, Carl, wasn’t happy that his daughters weren’t playing on the same offensive line.And if Isabel was going to stay, that would have to change.Flanagan responded by saying if that was the case, then it was time for Isabel and Talia to move on. Flanagan stood his ground, and Rising said the two were never on the ice at the same time last year.‘I guess he’s the expert,’ Flanagan said. ‘He thought the girls should be on the same line together. Isn’t it funny? Now they’re at separate schools.’Rising described Carl as a ‘yeller’ who persistently gave Flanagan a hard time because he believed the twins were equally talented.But while Isabel starred, Talia failed to record a single point in 69 career games for SU and played on the fourth line.Talia was not made available for comment by the Union sports information department. She also declined to comment when contacted multiple times on her cellphone.BU’s athletic communications department declined to make Isabel available for comment, and she too declined to comment when contacted on her cellphone.Carl could also not be reached for comment.Rising said what made the transfer so disappointing for the Syracuse team was how much the program invested in the Menards after two full years on campus. In addition to big production from Isabel, she was also an assistant captain.‘When you work with an athlete for two years and you give them all your resources and teach them all this stuff,’ Rising said. ‘Give them ice time and give them opportunity that someone else could be playing in their spot and then they leave, it’s tough.’In The Ottawa Citizen, a Canadian-based newspaper, Isabel said she made her decision to leave the program as the 2010-11 season went along.‘I wasn’t happy at the end,’ Isabel said in the Aug. 10 article. ‘I found out I wasn’t getting any better. I had to go do a lot of things on my own.’She went on to say that although she thought the schooling was great, the hockey development was not.In a story in BU’s student newspaper, The Daily Free Press, Isabel was again critical about how Syracuse developed hockey players. She seems more content, though, with the Terriers.‘I want to develop as a player and not just be a hockey player and play hockey,’ Isabel said in the Oct. 2 article. ‘Coming from a program that wasn’t really too keen on hockey-specific training, but here it’s really good, it’s where everything is on the ball.’When asked about Isabel’s comments, Flanagan said he hadn’t read them and that the players have their own individual assessments of what type of training they need.Metcalfe also said Isabel was never satisfied at Syracuse, both on the ice and with other facets of the program. She said it was pretty obvious the twins were ready to get out of Syracuse by the last couple of weeks of the spring semester.Isabel and Talia weren’t the only players to transfer away after the end of the last season. Kelsey Welch and Erin Burns are now playing at Niagara, a team within SU’s conference.Niagara’s athletic communications department declined to make either of the two players available for comment.Overall, Flanagan estimates that about five or six players have transferred out since the program’s inception in 2008.Currently in his fourth season with the Orange, Flanagan thinks the transfers are a result of a program that is still getting off the ground. It’s part of the growing pains.‘So I don’t think it’s a big issue,’ Flanagan said. ‘The numbers are skewed a little bit because we’re an upstart program. And I would like to think that, that would diminish, but you had a couple unique situations last spring.’And those unique situations, including the defection of the team’s best player in Isabel, have forced the Orange to search for a new identity on the ice this year.Through the first 12 games, SU is 5-7, and Flanagan doesn’t see his squad as a high-scoring group. Rather, this year’s Orange is a hard-working, defensive-minded team that will have to win close, low-scoring games.When the Orange does get on the scoreboard, it will have to come from multiple places. Last season, three players tallied 20 or more points. But Isabel’s total of 44 was 16 points higher than the next closest player.Looking back, senior forward Megan Skelly said the team was too reliant on just a few scorers.‘Any time you have a very strong player, it’s easier to get away from moving the puck,’ Skelly said. ‘Not even Isabel. Any player that’s really strong offensively, so we have to rely on our teammates more.’Rising said Isabel was so much better than anyone else out there that it was hard to please her. That she almost didn’t belong.But this year’s group has a more team-oriented focus. The players want to be better than the sub-.500 record from a season ago.And whether Isabel belonged, Syracuse has no other option but to move on without one of its greatest players in program history. The Orange refuses to look back on the jagged departure.‘We don’t even think about it,’ Flanagan said. ‘She left last spring. She’s gone.’ Facebook Twitter Google+ Commentscenter_img Published on November 8, 2011 at 12:00 pmlast_img read more

Julian Buescher earns 2nd-team All-American honor

first_img Facebook Twitter Google+ Related Stories Julian Buescher named semifinalist for award honoring nation’s top playerSyracuse goalie Bono earns Hermann Trophy finalist, 1st-team All-American honorsBuescher named to All-ACC 1st team, 3 others earn honors Sophomore midfielder Julian Buescher has been named a second-team All-American by the National Soccer Coaches Association of America. Buescher is the eighth player in Syracuse history to be named an NSCAA All-American.Buescher leads the Orange, and is tied for seventh in the nation, with 11 assists. His eight goals is second most on SU, as well as his 27 points. Nearly two weeks ago, Buescher was named one of 15 semifinalists for the Missouri Athletic Club’s Hermann Trophy, awarded to college soccer’s best player. He was also named to the All-Atlantic Coast Conference first team in November.Last season, Syracuse goalie Alex Bono was named a first-team All-American. Prior to 2014, the last time an Orange was named an All-American was in 1992.No. 6 seed SU (16-5-3, 3-4-1 ACC) takes on No. 2 seed Clemson (17-2-3, 6-1-1) in the national semifinals on Friday at 6 p.m. Follow @DOSports and at for coverage. Comments AdvertisementThis is placeholder textcenter_img Published on December 11, 2015 at 3:33 pm Contact Paul: | @pschwedslast_img read more