Cazenove lands £34m mandate after charities’ ‘ESG investing Olympics’

first_imgCazenove Capital, the wealth management arm of Schroders, has been awarded a combined £33.5m (€36.6m) investment mandate from three charities that earlier this year held what they billed as the “ESG investing Olympics”.The competition was a first-of-its-kind open tender, with the charities telling would-be investment managers to “impress us” on social and environmental integration and impact.With Cazenove emerging as the winner, Friends Provident Foundation, the Joffe Charitable Trust, and the Blagrave Trust will become cornerstone investors in a new best-in-class multi-asset sustainability fund to be launched in December.Sixty proposals were received from a wide range of managers, with five invited to present to an auditorium of mission-led investors in March. In a statement, Friends Provident Foundation said the proposals were assessed for intentional social and environmental impact, high standards of ESG integration covering exclusion, engagement and its escalation, voting record, in-house expertise, and impact reporting.“Our trustees were torn between choosing an ‘evolving incumbent’ or a ‘new disruptor’ and decided on the former,” said Colin Baines, investment engagement manager at the foundation.“We were impressed with Cazenove’s proposal, which meets our new, challenging, investment policies, was well received by attendees in March, and offers the potential to achieve scale and influence the wider market.”Kate Rogers, co-head of charities at Cazenove, said: “The ESG ’investing olympics’ set an amazing example of collaboration and transparency, breaking new ground in sustainable investing.“We look forward to continuing in this spirit, working with the charities to use their investments for good and developing best practice in impact investing.”She said the upcoming new fund had a clear intention to generate both a competitive financial return and a positive impact on “people and the planet”.One of the reasons why the charities took the approach to manager selection they did was to “send a market signal regarding asset owner demand for investment with purpose and expectations for ESG integration and impact”.According to Friends Provident’s statement, the runner-up was EQ Investors. It said the charities also recognising its strengths and commended “their ‘best in class’ credentials as a boutique impact manager and ‘new disruptor’”.The foundation said that analysing the 60 proposals showed that fossil fuel divestment was becoming commonplace, integration of ‘S’ issues in stock selection as comparatively less developed, and policy and practice on shareholder engagement escalation were weak.The foundation will cover these trends and market gaps in more depth in a report scheduled for the autumn.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Georgia Drops Demands for Pastor to Hand Over Bible and Sermons, Now Wants Minister Credentials, Salary

first_imgChristian Post 2 November 2016Family First Comment: A disturbing example of how you could be treated if you believe in traditional marriage as one man one woman“The petition backed leading health expert Dr. Eric Walsh, who was previously appointed to President Obama’s Presidential Advisory Council on HIV/AIDs, though that employment offer was rescinded after officials looked into his views on marriage.”Watch this space!After nearly 40,000 people signed a petition to Georgia Governor Nathan Deal protesting against demands that a Seventh-day Adventist lay minister hand over his Bible and sermons, state officials have backed off to an extent, but are still making intrusive requests toward the pastor, according to the Family Research Council which started the petition.The petition backed leading health expert Dr. Eric Walsh, who was previously appointed to President Obama’s Presidential Advisory Council on HIV/AIDs, though that employment offer was rescinded after officials looked into his views on marriage.The state of Georgia filed a Request for Production of Documents, which asked Walsh for copies of sermons and all material relating to his service as a pastor, but the doctor said that the government does not have the right to take his sermons.FRC wrote in a Facebook update on Tuesday: “After a public outcry, the state attorney general’s office withdrew its request for his sermons. However, the AG is still demanding that Dr. Walsh turn over a number of things which should be off-limits.“While withdrawing the request for sermons is a welcome development, Governor Deal and the state of Georgia need to fix the wrong done to Dr. Walsh that led to this lawsuit in the first place.”An FRC blog said that Walsh is still being asked to provide his credentials as minister; proof that he has served with the Seventh-day Adventist denomination; all contracts he has ever had with the Church; and details on how much he has been compensated for his sermons.“Such intrusive government overreach is completely unacceptable. Our freedoms don’t permit the state to assess a minister’s credentials. The government may not inquire into discussions and agreements between a religious denomination and its leader,” FRC wrote in response to the latest development.READ MORE: http://www.christianpost.com/news/georgia-drops-demands-for-pastor-hand-over-bible-sermons-now-wants-minister-credentials-salary-171256/last_img read more

Osimhen: Why I turned down Arsenal as a teen

first_imgLille striker, Victor Osimhen, has admitted that he turned down Arsenal when Arsene Wenger was in charge. The 21-year-old first came to Europe in January 2016 when he joined Wolfsburg off the back of an impressive Under 17 World Cup. “I spoke with Arsene Wenger after the tournament ended and he wanted me to come to Arsenal,” he told the Independent. “I had a lot of options. Barcelona, Inter Milan, Atletico Madrid, Juventus and the rest.Advertisement “Arsenal was a good option but it wasn’t the best at the time. I wanted to start playing as soon as I turned 18. “I wanted to go to a place where I had time to invest in my game and improve physically. Wolfsburg showed me that possibility.” read also:Osimhen dreams Premier League move, consults Ighalo Meanwhile, Ogu last played for the Super Eagles back in July 2019 and was also omitted from Gernot Rohr’s 24 man squad scheduled to take on Sierra Leone for the 2021 African cup of Nations qualifiers, before it was postponed due to coronavirus outbreak. FacebookTwitterWhatsAppEmail分享 Promoted ContentYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Universities In The World With The Highest Market Value8 Weird Facts About Coffee That Will Surprise YouBest Car Manufacturers In The World10 Stargazing Locations To ‘Connect With Nature’Birds Enjoy Living In A Gallery Space Created For Them7 Ways To Understand Your Girlfriend BetterGorgeous Asian Actresses All Men Are Crazy AboutPlaying Games For Hours Can Do This To Your BodyWhat Is A Black Hole In Simple Terms?14 Hilarious Comics Made By Women You Need To Follow Right Now8 Superfoods For Growing Hair Back And Stimulating Its Growth Loading… last_img read more

McGrath on disorder charge

first_img The 53-year-old was arrested by gardai near the Tullamore Court Hotel in Co Offaly on Saturday afternoon after complaints were made that a man was being loud and annoying others in the area, a senior officer confirmed. McGrath was taken to a local garda station where he was charged under Sections 4 and 6 of the Public Order Act. Former Ireland international Paul McGrath was arrested at the weekend over alleged public order offences, it has been revealed. He was bailed and will appear at Tullamore District Court on July 17. The ex-Manchester United and Aston Villa defender has spoken openly about his problems with alcohol over the years. He played for Ireland 83 times and scored eight goals in a 12-year career, which included playing with the Irish squad at Euro 88 and the World Cups of 1990 and 1994. center_img Press Associationlast_img read more

Scott begins defence with birdie

first_img In contrast, playing partner Matt Fitzpatrick got off to a nightmare start with a double-bogey six, the 19-year-old US Amateur champion from Sheffield driving into trees and then pitching over the green with his third shot. Sweden’s Jonas Blixt was setting the early pace on three under par after 12 holes, with former US Open champion Webb Simpson making birdies at the first three holes before a double-bogey at the fifth halted his charge. Italy’s Matteo Manassero, who has struggled for form since winning the BMW PGA Championship at Wentworth last year, was two under par after birdies on the second and third. Pre-tournament favourite Rory McIlroy was in danger of dropping a shot on the first after spinning his approach back off the green, but almost holed his pitch and was left with a tap-in to save par. Three hours earlier, Jack Nicklaus had been able to claim bragging rights after joining Gary Player and Arnold Palmer in getting the tournament under way. The trio formerly known as golf’s ‘Big Three’ – they have 13 Masters titles between them – continued their role as honorary starters by each hitting a tee shot on the par-four first hole. And it was six-time champion Nicklaus, 74, who produced the longest drive by around two feet from 78-year-old fitness fanatic Player, with both players splitting the fairway on a hole ranked the second hardest on the course last year. Palmer, who will undergo back surgery after the Masters, had also found the fairway with his drive, although the 84-year-old’s effort was comfortably the shortest of the three. Scott was fortunate to see his tee shot on the opening hole narrowly miss a deep fairway bunker, but made the most of his good fortune with a brilliant approach to within three feet of the hole. The Australian duly holed out for a birdie to kickstart his campaign to join Jack Nicklaus, Nick Faldo and Tiger Woods as the only men to win back-to-back Masters titles. Adam Scott made an ideal start to the defence of his title as the 78th US Masters got under way in perfect conditions at Augusta National on Thursday. Four-time champion Tiger Woods, missing the event for the first time following back surgery, wrote on Twitter: “It never gets old watching the honorary starters tee off. One of the oldest and best traditions in the game.” Fitzpatrick bounced back with a birdie on the par-five second, but Scott and McIlroy both missed out after finding the same bunker at the front of the green. McIlroy made amends on the third to get to one under par, three behind Blixt who failed to convert a seven-foot eagle putt on the 13th but tapped in for his sixth birdie of the day. The 29-year-old was two shots ahead of a chasing pack which featured veteran duo Fred Couples and Miguel Angel Jimenez, the 54-year-old Couples picking up shots on the fifth and eighth and 50-year-old Jimenez making birdies at the second and sixth. The par-five 15th usually provides a good birdie opportunity but Blixt ran up a bogey six to drop back to three under and into a share of the lead with Jimenez and another veteran in Sandy Lyle. Jimenez, the oldest winner in European Tour history, had picked up another shot on the seventh while 1988 Masters champion Lyle, 56, had birdied the second, third and fourth. McIlroy and Scott were only a shot off the lead in a seven-strong group on two under, Scott having birdied the sixth and McIlroy the fifth. Press Associationlast_img read more

Sturridge back with a bang for Reds

first_img The 25-year-old had been missing for five months – 33 matches and 3,030 minutes of football in total – with thigh and calf injuries but showed he had lost none of his clinical finishing skills with an angled strike past Adrian to complete a 2-0 victory over West Ham. His short-term stand-in Raheem Sterling had scored his fifth goal in 10 matches, which is not a bad return for an only-recently converted centre-forward, to put the Reds on the road to victory but Sturridge applied the finishing touch to put the result beyond doubt. Striker Daniel Sturridge enjoyed the perfect return from injury as he scored within 12 minutes of coming off the bench to give Liverpool’s Champions League ambitions a timely boost. However, the West Ham defence could not get near the England forward for his goal six minutes after half-time when he slotted Coutinho’s brilliant through-ball past Adrian. It had all the hallmarks of a genuine striker’s cool finish and was a reflection not only of Sterling’s continued improvement in front of goal but also the growing understanding between himself and Coutinho, another of the Reds’ bright young things. Rodgers has frequently described the Brazil international as a “magician” and his ability to produce the trickery to unlock defences as tight as West Ham’s will be something Sturridge will relish as he makes his way back into the action. He certainly took full advantage after coming off the bench in the 68th minute. Having received a rapturous reception from an Anfield crowd starved of his goal threat for far too long he rewarded them with an angled strike after exchanging passes with Coutinho. It was almost like he had not been away but it was evident there was some rustiness when he snatched at the rebound from fellow substitute Jordan Ibe’s shot. Where Liverpool would have been now had Sturridge been fit for the majority of the season is a hypothetical debate but this result meant they moved ahead of their opponents, who have not won at Anfield since 1963. Where they are now is eyeing a Champions League spot, buoyed by the return of their first-choice goalscorer, with fourth-placed Southampton just points away, albeit with a match in hand. Press Association Sturridge’s 22-minute run-out, having replaced Lazar Markovic, could not have gone better and it ensured another England striker did not grab the headlines on his return to Anfield. Exactly four years to the day Liverpool signed Andy Carroll in a still staggering club-record £35million deal but having been unceremoniously dumped by Brendan Rodgers the big front man arrived with a point to prove. The only points he made in the first half, however, seemed to come from his elbow as he caught Emre Can in the mouth and Markovic in the face either end of the half. His first indiscretion, which left the Germany Under-21 international with a bloodied mouth, appeared to carry more intent than the second, accidental knock, but referee Andre Marriner saw nothing he felt warranted a foul. Aside from one header, easily saved by Simon Mignolet, at a corner that was the sum effort of his afternoon. After the break his clumsiness continued when he was booked for catching Emre Can with a late, sliding tackle. He appeared to injure himself and was replaced by Carlton Cole soon after. Liverpool showed many familiar traits; quick passing, neat build-up until the final third and a lack of threat inside the penalty area. Philippe Coutinho, Adam Lallana – back in the starting line-up for the rested Steven Gerrard – and Markovic (twice) had their best opportunities while Sterling wanted a penalty just before the break after Joey O’Brien appeared to haul him to the floor. last_img read more

Andy Carroll injured again despite West Ham changing training grounds

first_img “We have a situation with Andy Carroll in that he is feeling his groin,” the Hammers boss said. “We’re going to see but it looks like he’ll be off for the Swansea game, which is a big blow, but that’s it regarding injuries. “I think it will be one game only, that’s what the medical team has told me. It’s nothing major.” Carroll has endured a torrid time with injuries since moving to Upton Park and if he does miss the trip to the Liberty Stadium it leaves Bilic short of options in attack. He does have fit-again Enner Valencia available, while Nikica Jelavic could make his first start since joining from Hull in the summer. Bilic has backed the pair to step up and again refused to blame a run of six games without a win on the mounting injury list. “We have the choice of Valencia or Jelavic up front,” he added. “They are quality players, they are good players and they are different players. Maybe the two of them will play together. Press Association West Ham’s decision to move to their Rush Green training site may have been taken to prevent injures but it has not stopped Andy Carroll picking up a groin problem this week. Slaven Bilic and the club decided to move first-team training to their academy site, which is likely to undergo extensive renovations throughout 2016, after the surface at their Chadwell Heath base was identified as a major factor in a number of injuries to the squad. With Dimitri Payet, Winston Reid, Victor Moses, Diafra Sakho and Manuel Lanzini already missing, the move was made to prevent further issues – although Bilic revealed on Friday morning that Carroll has since suffered another slight injury set-back. “We still have a couple of good strikers on our roster, even without Sakho and Carroll. “I am really pleased with the way we have coped without our injured players. “The bonding, the quality and the character we have showed are positive, of course, so I’m really confident for Sunday’s game. “If we keep that kind of team spirit when these players start to come back, it’s all very positive, but we have to go through this period of two or three games without them.” last_img read more

Two visions for USG

first_imgUSG Elections: Matt and Alex by Daily Trojan USG Elections: Kurth and Park by Daily Trojan MATT ARKFELD & ALEX CASCANTEMatthew Arkfeld and Alex Cascante are approaching the 2013 Undergraduate Student Government election with reform in mind, focusing their platform on internal USG operations.Arkfeld, a junior majoring in East Asian area studies, currently serves as senate speaker pro tempore. Cascante, a junior majoring in business administration, serves as a Greek senator.“Our main objective is to reconsider the traditional structure of USG and make changes that better serve the student body,” Arkfeld said.Ani Kolangian | Daily TrojanSince beginning his career at USC, two years ago as a spring admit, Arkfeld has joined several organizations, such as Phi Delta Theta and Spirit Leaders.“Throughout every semester at USC I’ve taken a leap of faith,” Arkfeld said. “I joined a new organization and met a new group of people. I’ve really been able to dive into the Greek community but not let it define me.”Cascante is in the Alpha Epsilon Pi fraternity, as well as the Accounting Society, and works with Hillel and other Jewish organizations on campus.Though this is their first year in USG, Arkfeld has written five resolutions –— the most resolutions for a senator this term — and both he and Cascante have worked on long-term advocacy projects.With their slogan “Think Different,” the two are most passionate about reforming USG’s budget. They want to use the funds that normally support USG internally and redistribute them to fund student organizations.“Matt and I are running because we see a problem and we want to fix it,” Cascante said. “It’s our responsibility, as student government, to fix the USG budget so we can support more student organizations and promote positive change on campus.”Both have vowed to cut the presidential and vice presidential salaries. They also want USG to reach out to students more effectively.“Nobody knows what student government does, but what [students] should know is that [students] give $57 a semester to [USG],” Cascante said. “It’s really informing them about what USG can actually do and what we can do for them.”Though Arkfeld and Cascante want to reform the advocacy side, they do not want to change Program Board, an organization under the preview of USG that plans events. In addition, Arkfeld said reviewing past candidates’ platforms demonstrates the need for change.“We saw one re-occuring thing: The same candidates were recycling old platform points and nothing was getting done,” Arkfeld said. “We’ve really gone out to focus on what we actually control: the budget.”Arkfeld said he looks forward to making positive changes for future Trojans.“I want to take this opportunity, grab it full swing and really give 500 percent,” Arkfeld said. “I care about making USC a better place for the next generation of students after myself.”center_img CHRISTIAN KURTH & RYAN PARK Christian Kurth and Ryan Park see their ticket as a continuation of Undergraduate Student Government’s current policies, and several of their platform points are policies that they began lobbying for in their current positions.Kurth, a junior majoring in accounting, and Park, a junior majoring in business administration, believe what sets them apart from their opponents is experience.“I’ve been involved in USG since my freshman year, so I’ve gotten three years of USG experience, which is more than the other ticket combined,” said Kurth, who is currently USG director of university affairs.Kurth said his involvement in advocacy gives him an advantage in accomplishing goals.Ani Kolangian | Daily Trojan“The president’s job is kind of like the head of the advocacy branch, which I’ve been involved with for three years,” Kurth said. “The advocacy branch’s essential job is to meet with administrators, cement those relationships and actually work on getting projects done and executing change — that’s what I’ve been doing.”Their platform contains 21 different points, which range from bringing Jamba Juice back to campus to increasing the acceptance of discretionary dollars at off-campus locations.“I love my USC mobile app [idea],” said Park of his favorite platform point. “When it happens, it’s going to be the most helpful [accomplishment], in my opinion, because it will be a centralized location for students to find out what’s going on on-campus.”The two have known each other since their freshman years, when they met as tour guides. Kurth and Park said they can achieve ambitious goals because of their chemistry.“In terms of compatibility, if this was an eHarmony situation, I think we’d be great,” Kurth said. “I’m more of a serious figure, and as a president, I think that’s what you need. He’s kind of more the goofball between us.”Both are involved outside of USG. Kurth is a member of the Beta Theta Pi fraternity, the Latino Alumni Association and the Trojan Investing Society. Park is part of the Sigma Chi fraternity.Despite the fact that both Kurth and Park are in USG, belong to fraternities and serve as tour guides, neither sees their similarities in experience as a concern.“We have a lot of things in common but, to be completely honest, we have had a lot of different experiences in each of those things,” Park said.Kurth added that being Greek doesn’t define either of them because they are involved with other organizations.With voting beginning on Tuesday, Kurth and Park are campaigning hard for students’ votes. The two believe that they should win because of their commitment to the election.“I honestly believe that we have put in exponentially more hours and exponentially more time and passion into this campaign than the other ticket,” Park said.last_img read more

Nwanebu named top frosh yet again

first_imgOn Monday, USC freshman outside hitter Ebony Nwanebu was named the Pac-12 Freshman of the Week for the third consecutive week and the fourth time this season.Making the grade · USC freshman outside hitter Ebony Nwanebu has excelled so far this season and ranks second on the team with 174 kills. – Ralf Cheung | Daily TrojanNwanebu’s performance was integral in leading the Women of Troy to sweeps in both matches against Oregon State and Oregon. On Friday against the Beavers, Nwanebu posted seven kills and a .286 hitting percentage over three sets. She also had three blocks to go along with her offensive outburst.Two days later at Oregon, Nwanebu surpassed her numbers from Friday and had a .273 hitting percentage, two digs, three blocks and a team-leading 11 kills. Across both matches, Nwanebu scored 3.50 points per set, hit .277 and had one block per set.Nwanebu has stepped up her game at a critical time in the season for the Women of Troy. Over the last three weeks, USC played its first six conference matches of the season. Not surprisingly, the squad has gone undefeated in those six games, posting their best start to conference play in seven years.Nwanebu is not the only USC freshman to pick up the award during this season. On Sept. 16, outside hitter Elise Ruddins was selected as Freshman of the Week after helping lead the Women of Troy to two wins in the USD Tournament. Ruddins was also named to the all-tournament team that week. The number of weekly honors for the team now stands at seven, as senior middle blocker Alexis Olgard and senior libero Natalie Hagglund won Offensive and Defensive Player of the Week, respectively, one week ago.Only one player has ever won the honor more than four times since the award’s inception in 2011: USC sophomore outside hitter Samantha Bricio, who won the award five times last season.Assuming Nwanebu can keep up her current pace, she seems likely to surpass Bricio for most Freshman of the Week honors. USC will travel to Arizona State and Arizona this weekend to try to keep its 10-match winning streak alive. Follow Kurt on Twitter @legen_daryKurtlast_img read more

Preview: Tipperary versus Tyrone

first_imgThe Premier County can make history this evening when they take on Tyrone in Tipp’s first ever All-Ireland final at Under 21 level. O’Riordan says it’s important to have belief in their own abilities when they come up against their Northern opponents. Stephen Gleeson spoke to both O’Riordan and Bill Maher during the week about their decision to play football and today’s All-Ireland final.   Meawhile, Tyrone Captain Kieran McGeary says Tipperary are a very determined team and will be a tough task in today’s final. He praised his side’s stellar coaching staff, which includes Peter Canavan who captained Tyrone to two Under 21 All-Irelands in the 1990s. Tipp Under 21 Manager Tommy Twomey spoke to Tipp FM during the week. Tipp FM’s Football Analyst Brian Lacey previews today’s All-Ireland Final with Darren Hassett. Throw-in today is at 6pm and Tipp FM will have full live coverage in association with John Kennedy Motors, Main Toyota Dealer, Clonmel.last_img read more