Ex-ATP chief Stendevad to join Bridgewater
Carsten Stendevad, who resigned as CEO of Danish pension fund ATP in August, is to join US hedge fund giant Bridgewater Associates.Stendevad will work with the Connecticut-based firm for a year as part of a new “senior fellowship program”, Bridgewater founder Ray Dalio said in a letter to clients, which was also posted on LinkedIn.Dalio said the programme would “bring highly distinguished individuals into Bridgewater for a year to explore what our culture is like and lend their expertise and insights to our organization”.“We expect a limited number of such special people to join this program in the future,” he added. Stendevad left ATP last year after three years at the helm, citing family reasons. The DKK859bn (€115.6bn) pension fund named Christian Hyldahl as his successor in October.ATP uses a similar “all-weather” investment strategy to that employed by Dalio since he founded the hedge fund group in 1975. The model was in part inspired by Bridgewater, and the two organisations have worked together for more than a decade discussing multi-asset issues.ATP’s new CIO, Kasper Ahrndt Lorenzen, told IPE last year that the Danish pension’s multi-factor method was also indebted to the thinking of another US investment manager, AQR, and the academic field of “financial economics” more generally.In his letter, Ray Dalio also announced a shake-up of the group’s senior management, involving him stepping down as co-CEO of Bridgewater to focus on his role as co-chief investment officer.Dalio said his co-CEO role was always intended to be temporary, to aid the transition of Greg Jensen out of his chief executive position. Jensen is now co-CIO at the firm. Dalio’s own transition would be complete as of 15 April, he said.Jon Rubinstein, also co-CEO, is to leave after less than a year as part of the changes. Dalio said the pair “mutually agree that he is not a cultural fit for Bridgewater”. Rubinstein – a former Apple executive credited with helping create the iPod – will transition to an advisory role, Dalio said.Bridgewater president David McCormick is to become a co-CEO alongside Eileen Murray, who has been co-CEO since 2011.“Any organization run by a 60+ year old that says that it isn’t in transition is either naïve or disingenuous,” Dalio said. The hedge fund group – which now runs more than $160bn (€151.4bn) – is famous for its policy of “radical transparency”, based on Dalio’s founding principles. Bridgewater employees must be “extremely open, air disagreements, test each other’s logic, and view discovering mistakes and weaknesses as a good thing that leads to improvement and innovation”, according to its website.
Kalynda Chase is releasing another 31 lots.KALYNDA Chase is releasing another 31 lots as the masterplanned community continues to expand.The release on Periwinkle Way will feature lots up to 582sq m and priced from $142,000 to $164,500.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The Periwinkle release will feature a park with a range of equipment including a Kompan Megatower along with shaded picnic areas.The estate by Australian developer Urbex already has 1170 lots spread over 161ha. Urbex sales manager Vi Miller said the latest release offered quality yet affordable housing option while being close to parkland.“We have prided ourselves in creating a community of in excess of 3500 residents at Kalynda Chase offering a relaxed yet convenient lifestyle,” she said.“We’re also looking forward to incorporating a brand new park in the latest release, creating another vibrant outdoor place for families to enjoy.”The Periwinkle release has been deigned to ensure future residents have easy access to open space and parkland while being connected to all of Kalynda Chase’s facilities.
The home has been described as perfect for an Airbnb or a holiday home.The estate has water and power security, with large rain water storage and a 100KW off the grid solar system plus a 50KVa diesel generator. There were also three large Colorbond sheds, a horse shelter, chook pen, orchard, and established gardens, according to the listing on realestate.com.au. The auction will be held in mid February. The homes are perched on the higher parts of the estate to capture the views. The big kitchen in the main house. The main house has six bedrooms with living spread across three levels.A pair of twin Queenslanders are generating a major buzz, emerging as the most viewed listing in the country this week. The two houses are part of 328 Aberdein Road, Mount Luke, a 11-hectare self-sufficient estate located “an easy drive” from Hampton and Highfields and 20 minutes north of Toowoomba.All up there are eight bedrooms on the estate, with four bathrooms and parking for six cars.The main house is enormous at 745sq m over three levels, with six bedrooms, according to the realestate.com.au listing. One of the kitchens on the property.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago MORE: Fixer-upper auction set for $1m suburb MORE: How to splash $100 million The estate has two houses, three sheds, a chook pen, orchards and a horse shelter. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45 Wide verandas perfect for lazing through the Queensland summer. FOLLOW SOPHIE FOSTER ON FACEBOOK It’s so big, it’s walk-in pantry has a double fridge space. There are two Smeg ovens in the kitchen, with the top level holding the theatre room, study, laundry, workshop, wide verandas, three bedrooms and a double garage.The second level is where the master retreat is complete with ensuite and walk in robe, while the ground floor contains a large games room, rumpus room, two bedrooms and storage.The second smaller “twin” has two bedrooms, but is spacious enough to also have an office and rumpus room in addition to living, dining, kitchen and bathroom.
Image source: IADCInternational Association of Dredging Companies (IADC) said in its announcement that sixty young professionals from IADC’s member companies came together recently on at Hilvaria Studio’s in Hilvarenbeek, the Netherlands, for their second annual networking event – Peering into Dredging’s Future.After receiving a welcome note from IADC’s Secretary General, Rene Kolman, the group participated in an informative plenary session.IADC’s President, Frank Verhoeven, laid the foundation by introducing the key drivers of dredging. London School of Economics professor, Julius Sen, then built upon this foundation by discussing the economic drivers behind dredging’s drivers.Future-proofed founder, Serge de Gheldere, concluded the plenary session by revealing insights about climate change to guide the industry towards thinking in terms of sustainability.According to the IADC’s release, after the plenary session, participants divided into smaller groups for moderated sessions where the ideas of the plenary session contributed to a brainstorm of out-of-the-box ways to address the challenges facing the industry in the future.Afterwards, the plenary session reconvened and representatives from each session pitched their peers’ innovative solutions to the entire group.Image source: IADC
Cove Point LNG (Image courtesy of Dominion Energy)US LNG operator Dominion Energy is to shut down its Cove Point liquefied natural gas export terminal in Maryland for planned maintenance this week.“The outage is scheduled to last about three weeks, contingent on weather and other conditions, and will consist of maintenance activities and inspections of equipment and systems involved in the production of liquefied natural gas,” Dominion said in a statement.Work will be done during two 12-hour shifts each day and will involve about 600 contractor personnel, the statement said.To remind, the Cove Point facility began producing LNG in March. The facility shipped its first commercial cargo of the fuel in April.The $4 billion Cove Point facility has a nameplate capacity of 5.25 mtpa. It became the second US shale gas-fed LNG export facility following Cheniere Energy’s startup at Sabine Pass in Louisiana more than two years ago.The LNG export facility produces the chilled fuel for ST Cove Point, the joint venture of Japan’s Sumitomo Corporation and Tokyo Gas, and for India’s GAIL under 20-year contracts. LNG World News Staff
This is another one of Petrobras’ measures aimed at cost reduction amid challenging market situation. Petrobras noted that the expected impact would not immediately affect the company’s cash for 2020, instead, it would be deferred over the next three years. The PAI and PDV 2019 have an additional estimated return (avoided personnel cost less the disbursement with compensation) of R$ 7.6 billion ($1.5 billion) by 2025, with the new enrollments estimated of around 3,800 employees. The first program PDV 2019 is for employees that retired under the INSS (Brazilian Social Security) until June 2020, the second PDV is specific to employees allocated to assets/units under divestment process, and the third PDV is exclusive for employees working in the company’s corporate segment. Petrobras said on Wednesday that its board had approved the creation of an Incentive Retirement Program (PAI), a new severance program aimed at employees eligible for retirement effective until 31 December 2023. The incentive adjustments of the PDV 2019 will generate an additional provision of R$ 1.29 billion ($247.2 million) in the 2Q 2020 financial statements related to the employees already dismissed and registered and the provisioning of new registrations will take place as enrols become effective. The board also approved adjustments for incentives to join the three Voluntary Severance Programs (PDVs) of the company. Brazilian oil and gas giant Petrobras has made plans to achieve additional cost reductions through its incentive retirement and voluntary severance programs, which will affect around 3,800 employees. It is also worth reminding that Petrobras earlier in April said that, due to the contraction of oil and oil products demand, it had decided to adopt new measures that comprise reduction of oil production, postponement of cash disbursement, and reduction of costs.
The local MLB Pitch, Hit, & Run Sectionals took place at The Ohio Rod Products Fields in Versailles.Girls Winners.Ages 7-8: Alexa Franklin.Ages 9-10: Emily Flood.Ages 11-12: Paige Ledford.Boys Winners.Ages 7-8: Jacob Stenger.Ages 9-10: Chris Lewis.Ages 11-12: Zach Gentile.Ages 13-14. Cody Samples.2015 PHR SECTIONAL WINNERSCourtesy of PHR Local Coordinator Brian Samples.
Jacqueline Mary Meyer, age 74 passed away Monday, March 6, 2017 at her home in Brookville, IN. Born January 6, 1943 in Cincinnati, OH she was the daughter of Charles & Roberta (Homer) Knoephler.She retired from Cassono’s Pizza and was a member of St. Michael’s Catholic Church in Brookville, IN.Jacqueline is survived by her son Steven “Johnny” Meyer (Kathy) of Brookville, IN and daughters Judy Taylor (Kevin King) of Brookville, IN and Joann Skinner (John) of Shandon, OH. She will also be missed by 17 grandchildren, several great grandchildren and great great grandchildren and 4 sisters.Visitation will be Friday, March 0, 2017 from 9am-11am at Meyers Funeral Home, Batesville, IN. Mass of Christian Burial will be Friday, 12 noon at St. Michael’s Catholic Church, Brookville, IN. Burial will follow mass in Maple Grove Cemetery.Online condolences at www.meyersfuneralhomes.com
Osgood, In. — Today is a big 4-H day at the Ripley County 4-H Fair in Osgood. The parking sponsor today is Owen & Della Menchhofer.4-H Dairy Show 9 a.m. in Building 54-H Dairy Feeder Steer Sow following4-H Cat Show 1 p.m. in Building 5Flower and Veggie judging in the Farm Bureau Building from 3 to 5 p.m.4-H Sheep Show at 5 p.m. in the Show Arena4-H Horse & Pony Show 6 p.m. in Building 7Ripley County Baby Show on the Free Stage at 5 p.m.Open Class exhibits open to the public 5 p.m.Midway open at 6 p.m. and it’s $20 wristband nightBarnyard Olympics in the Grandstand
Adding his voice to the BALTogether campaign, the former Houston Rocket said that keeping to the heath guidelines would ensure that everyone survives the pandemic. In a twitter message, Olajuwon said: “I hope you are doing okay during this challenging time. I know it is hard to do but we need to follow the health guideline and keep washing your hands. “Stay home as much as possible to keep you safe and everyone else as well. God-willing we will get through this together, stay safe,” added the Hall of Famer who led Houston Rocket to the NBA title in 1994 and 1995.Advertisement Nigerian-American star, Hakeem Olajuwon, has urged basketball fans and stakeholders all over the world to adhere to health guidelines during the Coronavirus pandemic. Olajuwon was recently singled out for special praise by his former coach Rudy Tomjanovich, who said he was blessed coaching the superstar and that Hakeem’s influence was instrumental to both NBA title-winning run. read also:Ujiri goes from Nigerian boyhood to become NBA Raptors boss The coach who took part in the NBATogether campaign said: “I loved coaching Hakeem Olajuwon because he was such a great player, such a willing student of the game. Olajuwon played for 20 consecutive seasons in Houston, first collegiately for the University of Houston Cougars and then professionally with the Houston Rockets before joining Toronto Raptors in 2000 and retiring in the fall of 2002. FacebookTwitterWhatsAppEmail分享 Promoted ContentTop 10 Most Romantic Nations In The World8 Things To Expect If An Asteroid Hits Our Planet11 Strange Facts About Your Favorite TV ShowsBirds Enjoy Living In A Gallery Space Created For ThemIs This The Most Delicious Food In The World?Fascinating Ceilings From Different Countries10 Risky Jobs Some Women Do7 Universities In The World With The Highest Market ValueThe Funniest Prankster Grandma And Her Grandson8 Ways Drones Will Automate Our FutureWho Is The Most Powerful Woman On Earth?14 Hilarious Comics Made By Women You Need To Follow Right Now Loading… 