JP Morgan Asset Management131,707Manager MiFID II requires asset managers to unbundle the cost of investment research from that of trading securities, which in turn requires an explicit price for research to be set. So far the vast majority of managers have decided to absorb research costs onto their balance sheets, with just Fidelity and Amundi among Europe’s biggest providers currently planning to pass the cost on to clients.A spokeswoman for Amundi told IPE the firm had not made a final decision on the matter, although CEO Yves Perrier has given a strong signal that the company was leaning towards passing the costs on.Respondents to the CFA survey predicted an average annual cost of 10 basis points for equity research, and 3.5 basis points for fixed income, currencies and commodities. However, the CFA noted that there was a “wide range of responses”.CFA members working at providers running more than €250bn were more likely to expect their employer to pick up the cost of external research (67%), while 42% of those working for managers with less than €1bn expected this.Overall, 53% of respondents expected their employers to foot the research bill, with 15% expecting them to pass it on to clients. One in five were unsure and 12% expected a mixed attribution of costs.The CFA added: “Respondents raised concerns over a possible competitive disadvantage for smaller firms, echoing industry fears that the changes could result in the loss of some small businesses and further industry consolidation in favour of major global organisations.”Who pays? How Europe’s top institutional managers will pay for researchIPE is tracking asset managers’ decisions on the unbundling of MiFID II research costs based on our annual list of the Top 120 European institutional managers.So far, 49 managers have declared their intentions, with just four planning to charge clients directly. Amundi and its subsidiaries Pioneer and CPR will charge clients, as will Fidelity as part of a global overhaul of its equity fund fee structure.For updates/queries relating to this list, please contact firstname.lastname@example.org.Last updated: 21 November 2017 BlackRock911,955Manager Kempen Capital Management32,274Manager Aberdeen Standard Investments393,759Manager Newton Investment Management43,719Manager J O Hambro Capital Management14,773Manager Notes: AUM figures relate to European institutional assets only, and are expressed in euros. Data from IPE’s Top 400 Asset Managers survey, correct to 31 December 2016.This article has been amended to clarify that Amundi has yet to fully confirm its intentions regarding research cost unbundling. State Street Global Advisors304,949Manager Deutsche Asset Management230,789Manager Allianz Global Investors91,402Manager Insight IM537,983Manager Invesco34,004Manager Credit Suisse AM215,458Manager Erste Asset Management37,606Manager Schroders139,634Manager Hermes Investment Management33,423Manager Fidelity International23,281Client Robeco Group80,105Manager CBRE Global Investors41,000Manager More than three-quarters of European investment professionals expect to source less research from external providers after MiFID II is implemented in January, according to a survey by the CFA Institute.The poll of 365 CFA members from across Europe found that 78% expected to source less research from investment banks, while 44% said they would beef up their internal research capabilities.Rhodri Preece, head of capital markets policy for EMEA at the CFA Institute and author of the report, said the organisation supported the aims of MiFID II but warned “the rules are not a panacea”.“Some respondents were concerned about unintended consequences, including a decrease in the availability of research and a reduction in research coverage,” Preece added. CompanyAUM (€m)Who pays? Muzinich & Co24,648Manager AXA Investment Managers125,466Manager Janus Henderson Investors40,997Manager BlueBay Asset Management18,565Manager Record Currency Management48,552Manager RBC Global AM31,441Manager Investec Asset Management21,142Manager CPR Asset Management27,536Client Vanguard Asset Management61,837Manager Legal & General IM792,950Manager NN Investment Partners36,382Manager Northern Trust AM67,379Manager First State Investments11,282Manager Union Investment63,812Manager UBS Asset Management169,643Manager Pioneer Investments34,059Client Amundi309,169Client Barings25,894Manager MFS Investment Management24,643Manager Unigestion14,968Manager Morgan Stanley IM76,776Manager TwentyFour AM9,175Manager Aviva Investors42,856Manager Franklin Templeton Investments19,440Manager Columbia Threadneedle Inv.63,545Manager HSBC Global AM90,636Manager Goldman Sachs AM223,210Manager T Rowe Price11,759Manager Baillie Gifford & Co52,857Manager Russell Investments24,922Manager Vontobel Asset Management51,276Manager
Somalia has become the 14th signatory to the Jeddah Amendment to the Djibouti Code of Conduct – the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden in an effort to repress piracy and armed robbery against ships operating in the region.Mariam Aweis, Minister of Marine Transport and Ports, Federal Government of Somalia, deposited the instrument with IMO Secretary-General Kitack Lim at IMO Headquarters in London on December 1.The amendment was adopted at a meeting in Jeddah, Saudi Arabia, in January 2017, significantly broadening the scope of the Djibouti Code.It covers measures for suppressing a range of illicit activities, including piracy, arms trafficking, trafficking in narcotics, illegal trade in wildlife, illegal oil bunkering, crude oil theft, human trafficking, human smuggling, and illegal dumping of toxic waste.In addition to Somalia, singatories to the revised code include Comoros, Djibouti, Ethiopia, Jordan, Kenya, Madagascar, Maldives, Mozambique, Saudi Arabia, Seychelles, United Arab Emirates, United Republic of Tanzania and Yemen.
DailyMail (UK) 27 Sep 2011A decade-long study of 135,000 men found that those who remained child-free had a higher risk of dying from heart disease than those who ‘sowed their oats.’ U.S researchers said it raised the possibility that infertility may be a potential early warning sign of future heart trouble. ‘There is emerging evidence to suggest that infertility may be a window into a man’s later health,’ said study leader Dr Michael Eisenberg of Stanford University in California. He said men who are infertile have a higher risk of certain cancers, and his team wanted to look for other signs that infertility might be playing a role later in a man’s life. The researchers, reporting in the journal Human Reproduction, followed more than 130,000 men who were retired and over 50 for a decade.http://www.dailymail.co.uk/health/article-2042511/Infertility-Having-children-reduces-mans-risk-heart-disease-20.html
In 1994, Jeannette Hall, a resident of King City, Ore., voted in favor of Ballot Measure 16, which for the first time in the United States, would allow terminally ill patients to end their own lives through physician-assisted suicide. Six years later, she would be diagnosed with inoperable colon cancer. Doctors gave Hall, who was 55 at the time, two options: She could get radiation and chemotherapy and attempt to fight the cancer, or she could take a lethal dose of barbiturates to end her life. “I was calling it over,” she said. “I wasn’t going to do chemo. When I heard what might take place in radiation … I wasn’t going to do it. I looked for the easy way out.” Without treatment, Hall was given six months to a year to live, and therefore qualified for physician-assisted suicide through Oregon’s Death With Dignity law. Dr. Kenneth Stevens, one of Hall’s two cancer doctors, works at the Oregon Health and Sciences University specializing in radiation medicine. He has long opposed physician-assisted suicide. For weeks, Stevens resisted giving Hall the lethal dose of drugs, hoping he could convince her to change her mind. After multiple phone calls and doctors’ appointments, Stevens said something that changed her mind. Stevens learned that Hall had a son, Scott Walden, who was living in Astoria, Ore., training to be a state trooper. At the time, Walden didn’t even know his mom had cancer—let alone that she was asking her doctor to prescribe her a lethal dose of life-ending drugs. Stevens, in a last ditch effort to convince Hall against death, asked her: “Wouldn’t you like to see him graduate? Wouldn’t you like to see him get married?” “That’s what kept me back. That one sentence,” Hall said. “If you hadn’t said that, I wouldn’t be here.” Fifteen years later, Hall is now cured of cancer and celebrating her 70th birthday with her son—who has since graduated from the police academy but has yet to get married.
Deontay Wilder reportedly wants a huge payout – likely to the tune of $10million (£8.1m) – and a guarantee he will face the winner of Tyson Fury vs Anthony Joshua in order to step aside from his third fight with Fury. Promoted Content12 Marvel Superheroes When They Were Kids7 Worst Things To Do To Your PhoneThe Highest Paid Football Players In The WorldEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouA Hurricane Can Be As Powerful As 10 Atomic BombsWho Earns More Than Ronaldo?6 Interesting Ways To Make Money With A DroneWhich Country Is The Most Romantic In The World?Who’s The Best Car Manufacturer Of All Time?12 Marvel Superheroes When They Were Kids10 Hyper-Realistic 3D Street Art By OdeithWho Earns More Than Ronaldo? Pulev has previously admitted he would entertain a step-aside offer in order to make that happen and, according to The Athletic, Wilder will also be willing to consider a proposal. But he wants a record $10m and the chance to fight the winner of Joshua and Fury’s mega-money bout. One manager told The Athletic that Wilder would be ‘stupid’ to not accept that deal if it is put on the table. Joshua and Fury currently hold the belts in the division Read Also: Boxing: Tyson reveals one condition that will stop comeback ‘Deontay would have to get the (Fury-Joshua) winner guaranteed in the deal, but if he can swing that, he’d actually be stupid to not take the $10 million to not fight,’ the unnamed source said. ‘That’d be a record step-aside fee, by far. I’d take that deal so fast and go fight a hopeless guy like Travis Kauffman.’ FacebookTwitterWhatsAppEmail分享 Loading… Wilder was overwhelmed by Fury in Las Vegas in their second fight but a clause in their contract ensured a third bout was on the table for the previously undefeated heavyweight champion. The result meant Fury – who is yet to suffer a professional loss – and Joshua – who avenged his only defeat to Andy Ruiz – hold all the heavyweight belts. Fury downed Wilder in Vegas An all-British unification bout has been the talk of the town ever since but Wilder and Kubrat Pulev – who was scheduled to fight Joshua in June before the coronavirus pandemic brought the sporting world to a grinding halt – need to step aside before the fight can get ahead.Advertisement
RelatedPosts Hibs offer Ambrose permanent deal Efe Ambrose salutes Rodgers Hibs won’t be a making a move to bring defender Efe Ambrose back to the club.The Nigeria international had been linked with a return to Easter Road, with St Johnstone also interested in the former Celtic man.But it is understood that the Hibees have no plans to re-sign Ambrose, who has been without a club since the summer after leaving Derby County.The 31-year-old departed Leith last January after exercising a clause in his contract that allowed him to leave on a free with six months remaining on his deal.Ambrose initially joined Hibs on loan from Celtic in February 2016, linking up with his former Parkhead boss Neil Lennon.Upon the expiry of his Celtic contract that summer, he penned a two-year, permanent deal under Lennon.A popular figure amongst supporters during his loan spell, Ambrose incurred Lennon’s wrath after failing to report back to training in time for pre-season, having been given an extended break.The centre back made 86 appearances in green and white, scoring six goals before signing for Derby County on a short-term basis following a successful trial.Prior to signing on in the East Midlands though, Ambrose was in line for a dramatic deadline day return to Hibs just weeks after leaving, but the capital club pulled the plug on a six-month deal due to wage demands.The freed him up to join Derby the following month, but he failed to make a single first team appearance for the Rams under Frank Lampard.They reached the play-off final but missed out on promotion to the English Premier League after a 2-1 defeat to Aston Villa at Wembley, with Ambrose’s former Hibs teammate John McGinn heading the winner.— Tags: Neil Lennon
The 28-year-old now feels his decision to resist interest from elsewhere has been justified. Kolarov told City TV: “Last season I was thinking, because I didn’t play a lot, it was maybe a good thing for me to move. “I had a couple of opportunities but I refused everything because I didn’t want to go from here, (having not) shown the people what I can do. “Now this season I have had this opportunity and shown what I can do. “For me it is like a victory, personally, for myself. “If you play regularly you can improve a lot every game.” Kolarov, who has started 28 games and scored four goals this season, must still battle with Gael Clichy for a place at left-back. But despite that competition, Kolarov feels his game has been allowed to flourish under Pellegrini. Asked what Pellegrini had done differently for him, Kolarov said: “Nothing special, (he) just gave me the opportunity to play more regularly. “So I think his way of thinking is maybe the good thing (for) how I am playing football. “We are playing a lot with wings, attackers. It is good for me. “He gave me the opportunity to play more regularly, so I am just showing what I can do. “I think I am having a good season so I hope I can finish in this way.” Manchester City defender Aleksandar Kolarov has revealed he did consider leaving the club last summer. The Serbia international was linked with a move to Italy after failing to hold down a regular place during the 2012-13 campaign. But Kolarov felt he still had something to prove at the Etihad Stadium and, after the appointment of manager Manuel Pellegrini, vowed to stay on. Press Association
DFENDING champions, Agricola Red Triangle opened the defence of their East Bank Football Association (EBFA) / Ralph Green Under-11 title on a winning note yesterday with a solid 3-0 win over Mocha Champs at the Grove Playfield.Also notching up wins on the day were Grove High Tech which chalked up their second win in as many matches, a 6-0 thumping of Friendship to move to the top of Group B, while Diamond United also sit at the top of Group A after they were gifted three points following the no-show of Diamond Upsetters.Agricola did not find the going easy against the Mocha boys and had to wait until the final five minutes of the 30-minute encounter to get past the defence of the lads from Mocha. Jaden Paul was the player who broke the deadlock in the 24th minute and once that was achieved, Agricola fired in two more unanswered goals.Terry Moore rocked the nets in the 27th minute with the third and final goal coming on the stroke of full time off the boot of Jonathan Andries.Home team Grove was once again in ripping form led by their leading striker, Jamal Cordis, who blasted a hat-trick to follow up his double against Mocha in their first match, which they won, 5-0.Cordis rocked the net in the 2nd, 13th and 20th minutes with one each from Dwayne Cliffe in the 6th minute, Kevon Pluck (18) and Jeremiah Henry in the 28th minute. Matches will continue on Saturday at the same venue.
Ferdinand heaps praise on Ronaldo after scoring hat-trick to lift JuveRio Ferdinand has described Cristiano Ronaldo as a ‘living football god’ after the Juventus star overturned a two-goal deficit by scoring a stunning hat-trick against Atletico on Tuesday night.The Italian champions looked to be facing the steepest of uphill tasks after suffering a 2-0 defeat to Diego Simeone’s side three weeks ago in Madrid.But Ronaldo warned the capital city club they would face a cauldron in Turin – and it turned out the fire would be lit by the Portugal star himself. Former team-mate and BT Sport pundit Ferdinand was once again left in awe of the former Real Madrid and Manchester United front-man, describing his performance as godlike – while comparing his first goal to header-specialist Duncan Ferguson.“He’s a living football god,” said Ferdinand.“It’s ridiculous what he’s doing. All the records – in the Champions League, he’s got every record you can imagine. He’s joint most hat-tricks with Messi.“This goal (first goal) is like Duncan Ferguson in his prime, attacking the ball, leaving the full back in a heap, that’s what you call desire.”Atletico came to the Juventus Stadium with a seemingly safe 2-0 advantage, with goals from Diego Godin and Jose Gimenez putting the 2014 and 2016 finalists in command.Notorious for their defensive solidity, not many would have backed the Italians to break the Spaniards down but through Ronaldo – and a bit of help from technology – they sent Simeone’s side packing.Ronaldo opened the scoring in the first half with a powerful header which was aided by a salmon-like leap over full-back Juanfran.He then pulled his side level on aggregate with another header after the break, this time goalkeeper Jan Oblak appeared to have clawed the ball away however goal-line technology intervened to reveal it had in fact crossed the line.And then the five-time Champions League winner stepped up to fire home a penalty with a little over five minutes remaining after Federico Bernardeschi was fouled in the penalty area.Fellow BT Sport pundit Joleon Lescott and presenter Gary Lineker added to the praise.Lineker chimed: “I think he’s the best header of a ball I’ve ever seen.”Lescott meanwhile praised his physique: “He’s up there, athletically he’s ridiculous.“He loves it, to score goals, in any competition even if you’re 2-0 up you don’t want to be facing this guy.”Ferdinand added: “This by the way is against an Atletico Madrid team who are reknown for having an unbelievable defence. He’s scored a hat-trick!“He didn’t look nervous did he (for the penalty)? Unbelievable. This is my house, he said. Get out. Ridiculous, ridiculous.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Cristiano Ronaldo