PensionDanmark posts 7% gain as member numbers return to pre-crisis levels

first_imgIn 2016 the fund’s real estate investments generated a 9.6% return, while private equity gained 10.4% and infrastructure gained 10.9%.The number of members covered by employer-paid pension schemes at the Danish pension fund is back to the pre-crisis level of nearly 10 years ago, it said.It attributed this to economic growth in Denmark, which boosted staff numbers at the companies whose employees have schemes with PensionDanmark.The pension provider had 695,000 members at the end of the year, up from 684,000 in 2015. Contributions reached an all-time high of DKK12.8bn in 2016, while its overall assets were up 11%.The pension provider highlighted that 22,000 members have more than DKK1m in their accounts, compared with 700 five years ago.It said it has reduced its “already low” administrative expenses thanks to digitalisation and automating an increasing number of processes.The administration fee was down to DKK289 per member in 2016, from DKK305 the year before.PensionDanmark is one of four Danish labour market pension funds that recently announced they are backing a state-backed farming fund. PensionDanmark returned just over 7%, or nearly DKK13bn (€1.7bn), in 2016, due to strong performance from its real estate, private equity and infrastructure investments.The return is nearly double the DKK7.1bn the fund added in 2015.Torben Möger Pedersen, CEO at the DKK221.5bn labour market pension fund, said PensionDanmark had stepped up investments in corporate bonds, private equity, infrastructure, and real estate as a response to the challenge of generating solid returns in a low interest rate environment.“Thanks to this strategy, our members receive solid, stable returns that rely less on developments in the world economy and equity markets,” he said.last_img read more

INDOT avoids full U.S. 52 closure with new plan

first_imgMetamora, In. — Due to public concerns the Indiana Department of Transportation has revised the construction plan for the bridge work on U.S. 52 in Metamora.Engineers and representatives from RAM Construction have developed a plan to use flaggers to avoid completely closing the bridge during construction operations. The original plan called for a 30-day full closure.Workers will place bridge deck overlays on a 4-span bridge on U.S. 52 over the Whitewater River and a 3-span bridge on U.S. 52 over the Whitewater Canal. The overlay prevents moisture intrusion and increase service life and traction.The work will be done in the fall of 2017.last_img read more

Alexander: Manny Machado’s stroll does not go unmentioned in Dodgers’ TV booth

first_img Cody Bellinger homer gives Dodgers their first walkoff win of season Orel: “Well, he had a scare like that, an embarrassing scare at Dodger Stadium and ended up with a double. I thought that was going to be the end of it. But he’s not in Baltimore anymore. He’s got to learn these ballparks.”Nor was this the first time Machado’s baserunning quirks have been discussed on the telecast. Manny tends to loaf on routine ground balls, and at one point a few weeks ago the discussion turned to how teams handle real or perceived lack of effort. Hershiser pointed out that in the best clubhouses, the players police themselves and the manager doesn’t have to say much. I don’t recall Machado’s name specifically coming up in the conversation, but the implication was pretty clear.For his part, Machado was quoted by Pedro Moura of The Athletic (subscription required) as saying he acknowledged that some consider it loafing, but that he plays better when he is relaxed: “If I do something different, I might not be the same player. So, I’m going to continue to do it. I’m chill, and I’m going to always be chill.”He might call it chill. Most of us consider it irritating, figuring it shouldn’t require that much effort to run hard for 90 feet.But there is another factor to keep in mind: Machado was called out on a team broadcast, in a situation where he is a rent-a-star, a free agent to be, and it can be reasonably assumed said team might have some interest in entering the bidding this winter.Related Articles Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco How Dodgers pitcher Ross Stripling topped the baseball podcast empire The sequence: With men on first and third and none out in the ninth and the Dodgers leading 5-3, Machado hit Diamondbacks pitcher Yoshihisa Hirano’s 0-and-2 pitch deep to right field. He walked down the line a good, long while, admiring his drive, then realized he had to hustle to get to second base when the ball hit off the yellow line atop the fence and bounced back instead of going over.Sign up for our Inside the Dodgers newsletter. Be the best Dodger fan you can be by getting daily intel on your favorite team. Subscribe here.As heard by the viewers:Joe, describing the play: “He’s just now at first, and he winds up at second with an RBI double, and the Dodgers lead it 6-3.”Orel: “Good piece of hitting, terrible piece of baserunning by Manny … Lately, there’s been too much assumption that the ball’s gonna leave the park. He stays in the box, and this ball goes off the wall. You’re right, Joe. The ball gets to the outfield grass and he does not reach first base for a long time. And there was a chance, if Arizona had been communicating, they probably would have thrown him out at second. Way to go in drivin’ ’em in, but a little too much assumption with the baserunning.”Joe (during Joc Pederson’s subsequent at-bat): “… Granted, he wound up getting to where he would have gotten regardless, with the runners having to hang on,  but that’s kind of besides (sic) the point.” Dodgers hit seven home runs, sweep Colorado Rockies center_img We have already seen how that dynamic works, in reverse, in this very market. Bruce Bowen found himself out as the Clippers’ TV analyst after a SiriusXM interview in which he criticized Kawhi Leonard for the way he and his people handled his injury last season and forced the San Antonio Spurs to trade him to Toronto.It is no secret the Clippers have their eye on Leonard in free agency following this season, and likely vice versa, though you’ll not hear that from Leonard himself. Under the circumstances, the broadcaster was collateral damage.In this case, Davis and Hershiser and the people in charge of the pictures handled it exactly right Monday night. Fans probably would have welcomed even stronger words and maybe even a reaction from the manager, considering Dave Roberts has disciplined Cody Bellinger and Yasiel Puig for lack of hustle. As far as I can tell, Roberts hasn’t addressed Machado’s baserunning.Criticism on the team telecast probably won’t sway Machado’s free agent decision. But if it should play a part?No worries. Corey Seager will be back in 2019, and he doesn’t loaf down the [email protected]@Jim_Alexander on Twitter Dodgers’ Max Muncy trying to work his way out of slow start We have suggested, more than once, that the Dodgers’ in-house TV network can be overly homerish in its approach. And while the franchise’s mandate was handed down long ago from Red Barber to Vin Scully – to report, not root – the current tone is probably what you can and should expect from a network designed to be all-Dodgers all the time, 24/7/365.(Of course, for more than half of Southern California’s households, and virtually all of its bars and restaurants with TV sets, much of this is just a rumor anyway.)But there was a truly remarkable moment Monday night in Phoenix. Spectrum SportsNet LA play-by-play man Joe Davis and analyst Orel Hershiser came down hard on Manny Machado for standing and admiring a drive that turned out to hit the top of the wall for a double instead of a home run.It was magnificent. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more