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Withdrawals still a drag on Man’s profits

first_img KCS-content THE WORLD’S biggest listed hedge fund, Man Group, has clocked up an eighth consecutive quarter of net withdrawals, as an improved performance from its flagship AHL fund failed to stem the outflow of private client money.Man, which in May agreed to buy GLG Partners in a $1.6bn (£1.01bn) deal, recorded net outflows of $600m in the three months to the end of September, though the rate of withdrawals slowed from the first quarter.Institutions regained confidence in Man over the quarter, injecting a net $0.1bn of money, but that was offset by private investors pulling $700m of cash from the firm’s funds.Man expects pre-tax profit for the half year to September to come in at $215m, 19.8 per cent below the second half of the prior year, due to a dip in net management fees and minimal performance fees. Though the performance of AHL, which lost 16 per cent last year, has bucked up to report gains of 7.6 per cent over the past 12 months, clients are still largely below the “high water mark” above which Man can charge performance fees.Funds under management are expected to stand at $39.5bn at the end of September, $1bn higher than at the end of June, thanks to positive currency effects. Man’s acquisition of GLG will complete in mid-October, helping the group to diversify away from its reliance on AHL, which lagged far behind its peers last year. Withdrawals still a drag on Man’s profits Share Tuesday 28 September 2010 10:54 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp whatsapp Show Comments ▼ Tags: NULLlast_img read more

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NBS Bank Limited (NBS.mw) 2007 Annual Report

first_imgNBS Bank Limited (NBS.mw) listed on the Malawi Stock Exchange under the Banking sector has released it’s 2007 annual report.For more information about NBS Bank Limited (NBS.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the NBS Bank Limited (NBS.mw) company page on AfricanFinancials.Document: NBS Bank Limited (NBS.mw)  2007 annual report.Company ProfileNBS Bank Limited is a leading commercial bank in Malawi; providing corporate and retail banking solutions, and treasury managements products and services. The company was established in 1964 when Central Africa Building Society, Commonwealth Century Building Society and First Permanent Building Society merged to form New Building Society (NBS). The financial institution became a commercial bank in 2004 after it was issued a banking license by the Reserve Bank of Malawi. NBS Bank is a subsidiary of NICO Holdings Limited. In addition to general banking products and services for the corporate and private sector, NBS Bank provides solutions for international trade, SME loans, asset finance and mortgage loans and short- and long-term insurance products. NBS has a national network of 37 service centres, with its head office based in Blantyre, Malawi. NBS Bank is listed on the Malawi Stock Exchangelast_img read more

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Medview Airline Plc (MDVAIR.ng) Q12017 Interim Report

first_imgMedview Airline Plc (MDVAIR.ng) listed on the Nigerian Stock Exchange under the Transport sector has released it’s 2017 interim results for the first quarter.For more information about Medview Airline Plc (MDVAIR.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Medview Airline Plc (MDVAIR.ng) company page on AfricanFinancials.Document: Medview Airline Plc (MDVAIR.ng)  2017 interim results for the first quarter.Company ProfileMed-view Airline Plc is a passenger and cargo air transport service in Nigeria. The airline offers Hajj operations, flight operations, cargo imports and exports, warehousing, ground handling, road feeder service, an inhouse travel agency, procurement, obtaining travel documents, airport protocol services and maintenance and support services. Med-view Airline Plc began its domestic operation in 2012 with two Boeings 737-400 aircraft. The company added a Boeing 737-800 in the same year and plans to add a further two Boeings B737-800 are in the pipeline. Med-view Airline Plc works in partnership with Euro-Atlantic Airways of Lisbon, Portugal in conjunction with a General Sales Agency (GSA) agreement with Saudi Air Cargo; and Pluna Air of Uruguay and Air Atlantic of Iceland. The company’s head office is in Lagos, Nigeria. Medview Airline Plc is listed on the Nigerian Stock Exchangelast_img read more

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GlaxoSmithKline UK Impact Awards open for application

first_imgThe closing date for applications is Friday 22 October 2004.Full details (including details of previous winners) are available from the King’s Fund Web site. GlaxoSmithKline UK Impact Awards open for application Howard Lake | 30 June 2004 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis GlaxoSmithKline UK Impact Awards is to run its Impact Awards again this year in association with the King’s Fund.The national Awards are designed to recognise and reward success and achievements for existing work in the challenging area of community healthcare. Organisations applying do not need to think of a new project, and winners decide how to spend the money.The awards are open to voluntary organisations who are at least three years old, with an annual budget under £750,000. An overall winner will receive £30,000, nine other winners will receive £20,000 and up to ten highly commended organisations will receive £5,000. Advertisement  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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The Diversity Project Charity launches second fundraising wave

first_img The Diversity Project Charity has launched its second wave of fundraising, prioritising social mobility, diversity and inclusivity for 2020.The Diversity Project Charity is a grant giving organisation founded in 2018 to help the charities affected by the President’s Club disbandment, as well as regional charities focusing on inclusivity. It has so far awarded £401,000 in grants to 22 charities, including to Social Mobility Foundation for research on “The Career Aspirations and Experiences of Aspirant Finance Professionals from less advantaged Socio-Economic Backgrounds”, Invincible me to subsidise up to 10 schools to enable them to participate in the Invincible Me programme and support the Autumn 2019 programme for Outreach schools, and Maggie’s Centre, providing funding for four full days of centre costs, helping up to 1000 people.This week, it launched a new fundraising initiative: Mosaic, which it describes as ‘a visual demonstration of professional and financial services companies collaborating to make a difference’.With the backing of founding members (Aon, PwC, Standard Life Aberdeen, Halsey Keetch, T. Rowe Price, Majedie Asset Management, St. James’s Place Wealth Management, Janus Henderson, Vanguard, RWC Partners Limited, Wellington Management, Fidelity International and Federated Hermes International), from 2020 it will be supporting Great Ormond Street’s family support services, as well as charities focusing on social mobility, diversity, and inclusivity.Commenting on the fundraising launch, Sarah Bates, Chair and Non-Executive Director (pictured, main image) said:“We are incredibly excited to kick off this new wave of fundraising for The Diversity Project Charity. Our ambition for 2020 is to evolve our fundraising activities – focusing on those organisations putting inclusion into practice in the most practical and interesting of ways. To support this endeavour, we are looking to galvanise the professional and financial services sector into action to make a difference to this societal issue across the country.“We would like to thank Janus Henderson for hosting our event and to the founding members for backing Mosaic. We look forward to working with many organisations, companies and individuals who truly want to make a difference.”  398 total views,  2 views today Advertisement Tagged with: diversity inclusion  399 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. The Diversity Project Charity launches second fundraising wave Melanie May | 14 February 2020 | Newslast_img read more

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Rhode Island curfew law put on hold

first_imgWW photo: Bill BatemanJoined by constituents and community organizations, the 11th Ward city councilman, Davian Sanchez, announced on Oct. 4 that he has placed his proposal for a youth curfew in Providence, R.I., on hold. Instead, Sanchez said he will introduce ordinances to improve youth employment and recreation, and ban practices that can lead to racial profiling.“The goal of the curfew ordinance was to reduce violence in the city and make the city safer for our youth,” Sanchez stated. “However, after meeting with youth, parents and community groups, I have decided that the best way to achieve this goal is to work toward bettering relations between police and youth, and creating more positive spaces and activities for youth in the evenings.”“When you see how a curfew works, and how much it costs, it doesn’t make sense,” said Joseph Buchanan of Rhode Island Black PAC, one of the groups that has been meeting with Sanchez. “We’d rather spend the money on programs for youth, instead of police overtime, lost wages, courts and lawyers.”Bill Bateman of the Rhode Island Unemployed Council said, “Don’t tell us there’s no money! Over the last 10 years, Providence was robbed of $680 million by the Iraq and Afghanistan wars and $500 million by the Bush tax cut. Be honest and say, ‘There’s no money for you.’”Sheila Wilhem, a parent and Direct Action for Rights and Equality member said, “My kids have suffered from constant racial profiling and police harassment. A curfew would only make things worse for them and all of our youth. They need jobs and recreation, not [hand]cuffs and curfews.”Franny Choi of the Providence Youth Student Movement told Sanchez that youth diversions would be more effective and less expensive. “With real community support,” she said, “youth can pull themselves out of the cycle of violence — even lead the charge to end it. Labeling them as criminals only fuels the problem.”Rochelle Lee of the RI Rosa Parks Human Rights Committee added that “racial profiling and criminalization of youth are a part of a new ‘Jim Crow’ we are fighting to abolish.”Those in attendance at the press conference included members of the Olneyville Neighborhood Association, Direct Action for Rights and Equality, the Rhode Island Latino Political Action Committee, the Mount Hope Neighborhood Association, the SOS Save Our Schools Coalition, the Rhode Island Peoples Assembly and the Rhode Island American Civil Liberties Union.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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AEM Releases September Equipment Sales Results

first_img Facebook Twitter September was a fairly solid month overall for retail sales of tractors and combines in the United States and Canada, according to the latest data from the Association of Equipment Manufacturers.Total farm tractor sales in the U.S. increased 18.7 percent in September compared to last year, while combine sales increased 12.3 percent.Year to date, total U.S. tractor sales are up nearly five percent, while sales of combines are up 1.8 percent.For Canada, total farm tractor sales were up 13.7 percent, while sales of combines were down 25.5 percent. Year-to-date, total tractor sales in Canada are down 4.4 percent, while sales of combines have decreased 27.7 percent.AEM senior vice president of ag services, Curt Blades, calls the sales figures solid, but says the organization continues “to hear from our members real concerns about the overall ag economy.”AEM is an international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction industry sectors worldwide. By NAFB News Service – Oct 14, 2019 SHARE Home Indiana Agriculture News AEM Releases September Equipment Sales Results AEM Releases September Equipment Sales Results Previous articleTrump: China Ag Purchases Already UnderwayNext articleFarm Equipment Leasing Doubles NAFB News Service Facebook Twitter SHARElast_img read more

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Commentary: The Season of Silence and Light

first_imgHome Indiana Agriculture News Commentary: The Season of Silence and Light SHARE By Gary Truitt – Dec 20, 2020 Facebook Twitter Commentary: The Season of Silence and Light Previous articleCongress, White House Reach Deal on COVID-19 Stimulus PackageNext articleRegister for Farm Bureau Virtual Convention and an Update on an Indiana White Christmas on the HAT Monday Podcast Gary Truitt SHARE Facebook Twitter By Gary TruittThe Christmas season is often referred to as the “Season of Light”. While the original designation was more spiritual than literal, today most people also take the phrase literally and decorate with lights. Trees, houses, stores, and streets all start exhibiting festive holiday lights in November which stay on until January.Throughout history, people have celebrated this time of year with light, although the kind of light has changed. Most of the lights we use today have only been around a hundred years or a bit longer. Edison’s incandescent light was invented in 1879; fluorescent lights first appeared in 1901; and Georges Claude patented the neon light in 1915. Halogen and LED lights were invented more recently.  Prior to these inventions, it was fire that provided light for our world.Archaeologists estimate humans first discovered fire about 2 million years ago. There is evidence that, about 300,000 years ago, man had figured out how to use fire to not only provide light and heat but make things like pottery and tools. For the next few millennia, wood, wax, oils, and other combustibles provided the fuel for fire. In 1790, gas was used to make the first gas light and, over the next hundred years, the gaslight became the dominant source of light on our streets and homes.The light we use today is much different than the light used by our ancestors and that which was likely present in the stable in Bethlehem. Firelight has a natural, spiritual, and emotional  aspect not achieved by the bright, glaring, never changing light produced by electricity.  While I am not suggesting we go off the grid and move back to candles, a bit more candlelight might add a new dimension to your holiday celebration.Our modern light often is accompanied by sound. From holiday carols over the radio, the babble of voices at family gatherings, cell phone ring tones, to the beeping of scanners at the grocery store, Christmas is a very noisy season. This year, the cacophony seems even worse with political arguments, mask debates, and pandemic numbers. If there was ever a year we needed a little peace and quiet, this is it. Maybe we could sing “Joy to the World” one less time and replace it with the less popular “Let All Mortal Flesh Keep Silent.”So let me suggest that, this week, you take a few minutes and turn off the noise, turn off the lights, and light a candle. If you are lucky enough to live on a farm or in a rural area, far from the lights, traffic, and noise of the city, take your candle and go outside on a clear star-filled night.  Contemplate the flickering light, listen to the silence, and consider what this season means to you and to our world.last_img read more

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RSF asks Angola president to “go to the next level”

first_img February 17, 2021 Find out more September 27, 2018 RSF asks Angola president to “go to the next level” RSF_en Angola is ranked 121st out of 180 countries in RSF’s 2018 World Press Freedom Index. The justice system also sent an encouraging signal in June when it acquitted the journalist Rafael Marques of “offending a sovereign institution” by covering a former attorney general’s alleged involvement in an illegal land purchase. In a statement at the time, RSF hailed the court’s ruling that Marques had exercised his “obligation to inform with complete objectivity.” to go further Help by sharing this information For the first time in nearly 40 years, Angola’s journalists were able to put direct questions to their president when Lourenço gave a press conference on 8 January and, in a bid to emphasize the difference with his authoritarian predecessor, Eduardo dos Santos, he told his audience of around 100 journalists that “we defend freedom of expression and freedom of the press” and added that “we don’t just defend [these freedoms], we promote them too.” Since then, access to state-held information has indeed improved and state media now sometimes report opposition views. “There are now opinion pieces by opposition politicians in Jornal de Angola, the big state-owned daily,” said Candido Teixeira, the secretary-general of the Angolan Union of Journalists. AngolaAfrica Protecting journalistsMedia independence Freedom of expressionJudicial harassment News “The improvement in access to state-held information and the justice system’s recognition of the key role that journalists play in society represent significant progress for Angola,” said Arnaud Froger, the head of RSF’s Africa desk. “The government must now quickly move to the next level. Only a complete overhaul of the repressive media legislation will enable Angola’s journalists and media to exercise their right to inform without fear of judicial retaliation.” Angolan President Joao Lourenco speaks during a meeting with Portugal’s prime minister in Luanda on September 18, 2018. JOAO DE FATIMA / AFP Crackdown on reporters covering Luanda demonstration Cyber-attacks against Angolan news site and reporter center_img Since taking office exactly a year ago, on 26 September 2017, Angola’s President Joao Lourenço has kept only part of his promise to defend and promote press freedom. Access to state-held information has increased, but Reporters Without Borders (RSF) is concerned about the failure to remove the legislative restraints on the media and journalists. Finally, the media landscape will not be able to develop and diversify without a reduction in the exorbitant media start-up charges. Under the broadcast law, an outlay of 735,000 euros is needed to create a national radio station and more than 2.3 million euros are needed to create a TV channel. October 28, 2020 Find out more October 9, 2020 Find out more News Organisation News News Follow the news on Angola Receive email alerts AngolaAfrica Protecting journalistsMedia independence Freedom of expressionJudicial harassment But the “promotion” of press freedom has yet to be translated into revision of a series of media laws that the previous government enacted in 2017. The new government had nonetheless promised to open a debate “as soon as possible” about decriminalizing media offences. As things stand, defamation or “insulting” a person by means of published word or image is punishable by six months in prison. The social communication ministry also has the power to oversee the editorial policies of media outlets and to impose sanctions on them. Angolan police unleash dog on reporter covering protestlast_img read more

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TNT’s Ernie Johnson set to speak at Centers event in Midland

first_img Facebook TNT’s Ernie Johnson set to speak at Centers event in Midland Local News Twitter What: An Evening with Ernie Johnson, benefitting Centers for Children and FamiliesWhen: 7 p.m. August 16Where: Midland County Horseshoe PavilionTickets: CentersTX.org. Previous articleBUILDING PERMITS: April 23 – April 27Next articleSantorellis to retire after more than 30 years admin Facebook Pinterestcenter_img Ernie Johnson Jr. Book Cover Portraits Nightly, this time of year, as the NBA playoffs rage on, both in packed arenas across the U.S. and on flickering television screens in millions of American homes, there are few constants, and few steady mainstays, amid the whirlwind of twists, turns, excitement and energy that come with every broadcast of pro basketball’s postseason.One of those mainstays usually wears a bowtie — and there are plenty of stories to be told from behind it.The instantly recognizable Ernie Johnson, the veteran anchor of Inside the NBA on TNT, who is often caught between the raucous antics of Shaquille O’Neal, Charles Barkley and Kenny Smith during their Emmy-winning halftime and post-game shows, is set to speak in Midland this August as part of the annual summer fundraiser for Centers for Children and Families.An Evening with Ernie Johnson is scheduled for Aug. 16 at the Midland County Horseshoe Pavilion, and tables, individual tickets and sponsorship opportunities are available for a night featuring Johnson’s keynote, dinner, entertainment, live and silent auctions and more.The organization’s series of “An Evening with…” events have run annually for well over a decade, with various sports personalities often making their way to the Permian Basin to speak, like Kurt Warner and Archie Manning, before Demarcus Ware last year.Johnson is a bit different from those, in that he covers the action instead of bounding in the middle of it, but once his name came across organizers’ desks, event chairman Leslie Whitehead said she found Johnson to be a perfect match for Centers and its mission.Johnson and his wife have six children, four of them adopted and one with special needs, making his experiences especially valuable to Centers, which offers counseling, education and support programs to families throughout the Permian Basin and further.The event raises money for Centers and its services.“I feel like he couldn’t have been a better fit,” Whitehead said of Johnson. “He’s going to resonate with a lot of people, which I’m excited about.“Once you see his picture, you go, ‘Oh, I know that guy,’” she added with a laugh.Johnson is also a survivor of non-Hodgkin’s lymphoma.“We felt like he would really resonate with many different populations in this area, between foster parents, and adoptive parents, and special needs parents, and cancer survivors — and then, just sports fans, who just like to watch the NBA or like to watch basketball and think he’s funny,” Whitehead said.Johnson has won three Sports Emmys as an individual. He’s a central figure for Turner Sports, working play-by-play for TBS’s baseball coverage and previously serving on TNT’s PGA golf broadcasts, but he’s likely best known as the grounding force on Inside the NBA, steering the show as Shaq, Barkley and Smith bounce around him with prop fishing rods and the in-studio hoop.Johnson’s 2017 memoir, Unscripted, recounts his experiences battling cancer and raising a family with adopted children.“With Centers, with our post-adoption, and all the programs we have that focus on family — we have parenting classes — we have so many different things that that really resonates with,” Whitehead said.Whitehead said Centers’ fundraising event is as important as ever this year, after the organization opened a new building on Andrews Highway in Midland, and with that has come more visibility, and an increased caseload and an increase in referrals.Those interested in the event can buy tickets or tables at CentersTX.org.If You Go By admin – May 6, 2018 Pinterest Twitter WhatsApp WhatsApplast_img read more

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