Economou to step down at Switzerland’s CERN next year

first_img“My mission was create a portfolio that could deliver the highest possible return relative to the risk acceptable to CERN. “We now have a risk-based approach that is designed to deliver just that – i.e. the smoothest possible path towards CERN’s objective.”He said he had initially set out to accomplish this task in three years during his first mandate, but that, “due to the complexity of having representatives of 20 countries and some 15 groups of stakeholders”, it took him four years in the end.Economou said he was considering setting up an investment consultancy with a strategy based on the “CERN model”, and that he would decide on his next move some time this year.Last month, the industry veteran was appointed chairman of the investment committee at the pension fund for Switzerland-based Lombard Odier, which cited Economou’s experience in setting risk budgets as “a valuable complement.”He also serves on the $58.4bn (€43bn) Virginia Retirement System’s investment advisory committee. Théodore Economou, chief executive and CIO at the CHF4bn (€3.3bn) European Organisation for Nuclear Research (CERN) Pension Fund, has confirmed he will not seek re-appointment to his current position, whose tenure ends in August 2015.Economou said he would stay on as chief executive at CERN for the next 14 months and that he expected to be involved in the selection of his successor.He is currently serving his second three-year term as CIO.“I was brought in [at CERN] in 2009 with a clear mission, which has now been successfully accomplished,” he told IPE.last_img read more

Read More →

Off-the-plan apartment sales soar as prices fall on the Gold Coast

first_img MORE NEWS: Coast one of the world’s best for prestige property New apartments are being snapped up across the Gold Coast but the average sales price has fallen dramatically.OFF-the plan apartment sales on the Gold Coast are continuing to soar as numerous developments pop up across the city. But the average sales price for new apartments has dropped significantly after hitting a record high last quarter, according to property consultant company Urbis. The Quarterly Apartment Essentials report revealed an average sales price of $743,782 for the September quarter — $132,000 less than the June quarter average. Sales jumped 29 per cent on last quarter with 198 deals recorded and three projects were launched to the market offering buyers 195 new apartments. MORE NEWS: Famed restaurateurs’ house hits the market The Gold Coast’s average sales price for new apartments has fallen to $743,782. Picture: Glenn HampsonUrbis senior consultant Lynda Campbell said the number of developments monitored by the consulting firm had dramatically increased in the past five years. “In (the) third quarter 2014 we monitored 29 active new apartment developments – we are now monitoring 78 developments which are actively selling,” Ms Campbell said. “The Gold Coast skyline continues to change as people choose apartment living and there is still a significant pipeline of future supply which will continue to house residents as the Gold Coast grows.”There were 2190 new apartments on the market as of the end of September with most of the stock located in the southern beaches precinct. The stock levels had fallen from a five-year peak of 2594 which Ms Campbell said put the Gold Coast at a “healthy level” of available apartments. The northern end of the Coast was the most under supplied with 120 apartments up for grabs. Aniko Group’s No. 1 Grant Avenue at Hope Island was the best selling project of the quarter.Marketing Projects SEQ director Kyia Anderson, who works with luxury developers, said 80 per cent of new apartment buyers were searching for homes below the $800,000 mark. More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“It doesn’t surprise me the (average) sales price has dropped because most buyers are in that sub-$800,000 price point,” she said. “Last quarter’s (record price) was probably due to the fact there were a few premium beachfront project sales and we are now waiting for a few more premium projects to come to market.” Ms Anderson said the Gold Coast’s boutique apartments had put the city on the map and current developments were the “highest quality” she had ever seen.“In the next 10 years, the demand for apartments in premium locations under $800,000 is really going to grow when we see these Baby Boomers downsizing from their houses,” she said. “At the moment there’s not enough supply to cater for the future demand of downsizers on the Gold Coast.” However, she said sales were not what they once were. “The sales are generally a lot slower than what they were a few years ago due to the fact foreign buyers are gone and the investor market is finding it harder to borrow money and downsizers are expecting boutique developments in prime locations,” Ms Anderson said. Independent property adviser Herron Todd White’s latest Month in Review report revealed Gold Coast units were approaching the bottom of the market.last_img read more

Read More →

Cannabis referendum to cost more than $2.2m

first_imgRadio NZ News 1 March 2019Family First Comment: We’ll be spending far more on the increasing demand for mental health services and drug testing if we legalise.A referendum on legalising the personal use of cannabis will cost taxpayers more than $2.2 million.A Cabinet paper shows the health and justice ministries will receive the bulk of the funding, $1.9m, to provide dedicated, expert resources.The remaining $296,000 is billed for the Electoral Commission, to carry out the binding referendum in 2020.Justice Minister Andrew Little said the referendum should not detract from the general election, which it is being held in conjuction with, and no preliminary vote count will be done.Instead, the referendum votes will be counted after election day and released along with the official 2020 election results.Mr Little also noted the need to inform people to avoid confusion between the cannabis legalisation referendum and ongoing work on medicinal cannabis.https://www.radionz.co.nz/news/political/383740/cannabis-referendum-to-cost-more-than-2-point-2mlast_img read more

Read More →

Rape charge puts man behind bars

first_imgResident JoseEril Tiongson was nabbed around 5 p.m. on Tuesday, a police report showed.  The courtrecommended no bail bond for his temporary liberty./PN Tiongson wasdetained in the lockup facility of the San Carlos City police station. Tiongson’sapprehension was staged on the strength of an arrest warrant issued by JudgeBernadito Malabago of the Region Trial Court Branch 60 Barili, Cebu dated Aug.28, 2018. BACOLOD City –Police caught a 44-year-old man facing rape charges in Barangay 1, San CarlosCity, Negros Occidental. last_img

Read More →

Counties Have Salt Available, Hope For Warmer Weather

first_imgThe last few months have weighed on the salt supply in multiple counties. (File Photo)Local road crews hope this round of bitter temperatures and potential snow through the weekend is the last of the winter. The last few months have weighed on the salt supply in multiple counties.Franklin County Commissioner Tom Linkel said the highway department was down to about 40 tons of salt Tuesday morning.“By the time we mix [with sand], we got enough salt to cover all of our routes about three times,” Linkel explained.Fortunately, additional salt supply arrived at the Franklin County Highway Department later that day, giving the county over 200 tons. The supply should cover the county through spring.There is about 250 tons of salt for Ripley County roads, according to Steve Schonegg at the Ripley County Highway Garage. The goal is to avoid having to purchase anymore.“It’s a premium price for salt and we chose not to cut in to next year’s budget,” Schonegg indicated. “Their asking for around $200 a ton right now and its just way out of the ballpark for us.”The highway department will be conservative by mixing salt at a one-sixth ratio with cinders to cut down on the use of salt.In Decatur County, there is roughly 60 to 70 tons of salt remaining. Mark Mohr, superintendent of the Decatur County Highway Department said crews will monitor the weather the next month.“It all depends if the weather turns good we’re going to have that left for next year. If the weather turns bad, we’ll find some more and get some more,” Mohr said.The extended forecast suggests snow is likely through the weekend with temperatures in the twenties and teens. A chance of rain and snow is possible on Saturday.last_img read more

Read More →

Dillsboro man injured in hunting accident

first_imgSwitzerland County, In. — Indiana Conservation Officers are investigating a hunting accident which a hunter in Switzerland County accidentally shot himself on Nov. 18, near Dillsboro.James Sweetman, 45, Dillsboro, sustained a gunshot injury to his left heel while heading to his stand to hunt deer.Sweetman was reportedly walking downhill when he stepped on a slick log that caused him to slip. Sweetman’s firearm was slung over his shoulder, with the barrel facing down, when the firearm accidentally discharged as he fell.Sweetman made contact with his father and son who contacted 9-1-1 at about 6:15 a.m. He was then airlifted by U.C. Air to the University of Cincinnati to receive medical treatment.Indiana Conservation Officers, UC Air, East Enterprise Fire Department, and Switzerland County Emergency Response were all on the scene to assist.An investigation is ongoing.last_img read more

Read More →

Side Biter Chassis in second season as sponsor of IMCA’s North Central Region

first_imgCLEAR LAKE, Iowa – Side Biter Chassis returns for a second season as title sponsor of IMCA’s North Central Region for Modifieds.The Clear Lake, Iowa, chassis builder is owned by veteran Modified driver Ryan Ruter and again provides part of the $6,000 point fund to be paid to top 10 drivers in the region that includes tracks in Illinois, Iowa, Minnesota, North Dakota, Saskatchewan, South Dakota and Wisconsin.Champion of the Side Biter Chassis North Central Region earns $2,500, with $1,250 for se­cond, $625 for third, $325 for fourth, $300 for fifth and $200 for sixth through 10th.Drivers must display two Side Biter decals on their race car to be eligible for point fund shares. Checks will be presented during the national awards banquet in November, or mailed beginning the next week from the IMCA home office.“We are proud to represent the North Central Region again in the IMCA Modified division. Our passion has always been the grass roots racing and that starts with our local racers,” Ruter said. “We are happy to provide a portion of the point fund for these regional racers as a way of giving back.”More information about Side Biter chassis and services is available by calling 641 357-1600 and at Facebook.com/RuterRacing.“The Side Biter chassis is now built in a new state-of-the-art facility in Clear Lake, Iowa, and that expansion has led to additional offerings of Northern SportMods, Stock Cars, and even boat docks if you are in the market for one of those, but the Side Biter Modified remains the cornerstone of Ryan’s business,” IMCA Marketing Director Kevin Yoder commented. “It is great to come along side them in that growth and we’re proud to have them back representing the North Central Region again this year.”last_img read more

Read More →

Wednesday starts first day to file for candidacy in Franklin County

first_imgBrookville, IN—Neysa R. Raible, Franklin County Clerk, advises that Wednesday, January 8, 2020 is the first day an individual may file a declaration of candidacy for nomination as a major party candidate to a local office at the 2020 Primary Election. The Franklin County Clerk’s office is open from 8:30 am to Noon and 1 pm to 4 pm Monday through Friday.Friday, February 7, 2020 at NOON is the deadline to file a declaration of candidacy for the Primary Election.2020 Campaign Packets are available in room 104 at the Franklin County Courthouse to pick with all the information needed for candidates.If you have any questions, please call (765) 647-5111 ext. 3.last_img

Read More →

Ralph John “Big John” Berry Jr.

first_imgRalph John “Big John” Berry Jr., 47, of Aurora, Indiana, passed away Monday June 15, 2020 in Lawrenceburg, Indiana.He was born October 8, 1972 in Lawrenceburg, IN, son of Ralph and Sherry (Kaiser) Berry.He worked as an Electrician for Midwest Automation, with over 10 years of service.Big John loved the outdoors and motorcycles. He enjoyed hunting, fishing and he loved to joke around. He would do anything for anyone. Big John collected coal oil lamps. His family was most important to him, along with his dog Lucy.Ralph is survived by his loving spouse Kathy Berry (Hume), parents, Ralph Sr. and Sherry (Kaiser) Berry of Moores Hill, IN; son, Sean Berry of Moores Hill, IN; step-sons, Charles Hyser of Aurora, IN, Jason Hyser of Aurora, IN, and Stephen (Paige) Hyser of Dillsboro, IN; siblings, Steve (Cathy) Plummer of Moores Hill, IN, Mike Plummer, Sherry Kay (Kevin) Rutherford of Aurora, IN, Aaliyah Berry of Aurora, IN; Granddaughter, Zoey Rose Marie Miller; several, nieces & nephews.Friends will be received Friday, June 19, 2020, 12:00 pm – 2:00 pm at the Rullman Hunger Funeral Home, Aurora, Indiana.Private memorial service will be held for the family.Contributions may be made to defray Funeral Expenses. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Due to the current situation dealing with COVID-19, we are following the directives from Governor Holcomb and the Centers for Disease Control and Prevention concerning large events and mass gatherings. The family deeply appreciates the support and love shown from friends, but the health and well being of everyone in our community is of top priority. We are asking everyone who will be in attendance to please remember the social distancing guidelines at all times, and the wearing of masks is recommended.Alternative ways to express your condolences can be done by going online at our website and leaving the family a message, sending a card, flowers, or making a donation in memory of their loved one.Visit: www.rullmans.comlast_img read more

Read More →

Jones would relish centre-back role

first_img Privately, Moyes has voiced his belief Jones will eventually slot into central defence and that was where the 21-year-old figured in Tuesday’s 3-2 defeat to Yokohama F Marinos. Yet Jones knows he could be moved about again once the important games start next month. “I have said from day one I see myself as a centre-back,” he said. “But if I am asked to play in midfield or at right-back I am happy to do so. As long as I am in the team, it doesn’t matter whether I am in goal. Of course, towards the middle and end of my career I will want to start cementing a place in a certain position but at the moment I am happy.” That Jones is staying fit is a welcome relief in what has turned into a difficult first pre-season for Moyes. Whether it be difficulties in bringing in new players, the Wayne Rooney situation or a worrying groin injury collected by Robin van Persie during the first half of Tuesday night’s game, problems are piling up for Moyes. On the transfers front, a move for Barcelona’s Cesc Fabregas has stalled, Leighton Baines and Marouane Fellaini remain at Everton, Yohan Cabaye at Newcastle, and a seismic shift in the present situation would be required to secure the services of Gareth Bale or Cristiano Ronaldo. Yet, inside the changing room, all is going well. Insiders have confirmed Moyes’ training regime has been impressive and while Jones could hardly be expected to say anything else under the circumstances, he reports a keen desire to succeed for the new boss. “I am more than happy the new manager has come in,” he said. Press Association Phil Jones is happy to be Manchester United manager David Moyes’ flexible friend – but he knows the time will come when he needs to specialise. “He is a great manager. We all know what he has done at Everton. I am sure he will do well for Manchester United as well. The training has been as sharp as nails. There is that willingness to impress. That is the case with all the players, not just myself. Every training session has been very competitive.” Moyes has reiterated that Wayne Rooney is not for sale, and said the striker is on track to make his comeback in Sweden next month. United have already turned down one bid from Chelsea for Rooney, although it is expected Jose Mourinho will be back with another long before the transfer window closes. Rooney did not do much to dampen down speculation over his future by heading to the south east for a round of golf at a course close to the Chelsea training ground at the weekend. United’s expectation remains that Rooney, having had treatment for a hamstring injury, will be in Stockholm for the friendly against AIK Solna on August 6. ”We have said and the club have said he is not for sale,” said Moyes. ”That has not changed. I do expect Wayne to be in Stockholm. As far as I know he is coming on. He has started light jogging and the feedback from the physios is that he is progressing.” Long touted as a high-class central defender, at times Jones has been doing anything but occupying his favourite position. None of his seven England caps have come in that preferred role, and Sir Alex Ferguson liked to use the former Blackburn man as a defensive screen in front of his back four. last_img read more

Read More →