PIMCO rehires Marc Seidner

first_img Franklin Templeton renames funds with new managers Facebook LinkedIn Twitter James Langton NEO, Invesco launch four index PTFs Pacific Investment Management Co. (PIMCO) is continuing to build up its portfolio management team, in the wake of the surprise departure of founder, Bill Gross, earlier this year. The Newport Beach, Calif.-based investment management giant said Monday that Marc Seidner, who was a senior portfolio manager at PIMCO from 2009 to 2014, is returning to the fold as a managing director and portfolio manager, effective Nov. 12. He will also take on a new role as chief investment officer, non-traditional strategies and head of portfolio management in its New York office, and he’ll become a member of PIMCO’s investment committee. He left PIMCO to become a partner and head of fixed income at GMO LLC. Share this article and your comments with peers on social mediacenter_img FSRA appoints new board member Related news In his new role, Seidner will report to PIMCO’s new group chief investment officer, Daniel Ivascyn, who replaced Gross when he left the firm back in September. The firm says that he will work closely with Ivascyn on the oversight of several non-traditional investment teams; and, he will assume generalist portfolio management responsibilities as part of his new role. “Marc is a talented, highly experienced investor with broad market expertise and a deep knowledge of PIMCO, and his return will further enhance our global investment platform,” Ivascyn said. “Marc will be able to seamlessly contribute to our investment process and efforts on behalf of PIMCO’s clients. We are very pleased that he is returning to PIMCO in a senior portfolio management role.” Prior to joining PIMCO in 2009, Seidner was a managing director and domestic fixed income portfolio manager at Harvard Management Co., Inc. and also the director of active core strategies at Standish Mellon Asset Management Co. LLC. He also held senior portfolio management roles at Fidelity Management & Research Company. Keywords Fund managers,  Appointments last_img read more

Slain Red Cross workers do not deter aid workers from service in Lebanon

first_imgThe deadly 24-day-old conflict between the army and Islamist militants saw two volunteer Red Cross workers killed on 11 June. “Nothing is going to change. Yesterday [11 June] we continued our work as usual,” Ghaleb Ayoubi, head of the communications department at the Lebanese Red Cross (LRC) told IRIN. The International Committee of the Red Cross (ICRC) also pledged to continue working with its partners to deliver relief to the besieged camp. BEIRUT Aid agencies pledged to continue efforts to deliver relief and evacuate the injured from the besieged Nahr al-Bared Palestinian refugee camp in north Lebanon despite an upsurge in fighting. center_img Full Story: LEBANON: Aid agencies pledge continued efforts despite deaths of Red Cross workerslast_img

Oil Search: 101 PNG LNG cargoes shipped in 2015

first_imgExxonMobil-operated US$19 billion PNG LNG project has exported 101 cargoes of liquefied natural gas during 2015.The PNG LNG project produced at an annualised rate of approximately 7.6 mtpa during the fourth quarter, up from 7.4 mtpa in the third quarter and 10 percent higher than the nameplate capacity of 6.9 mtpa, Oil Search managing director Peter Botten said.About 80 percent of the cargoes were sold under the long-term contract, Oil Search, that owns a 29 percent stake in the project said in a statement on Wednesday.He added that despite the present oil weakness, the PNG LNG project co-venturers are looking to pursue the expansion options, through maximising production from the existing trains or adding a third train.During the quarter, 26,554 billion Btu of LNG were sold, 2 percent lower than sales in the third quarter of 2015. 24 LNG cargoes were sold during the period, compared to 25 cargoes in the third quarter, Oil Search said. LNG World News Stafflast_img read more

Can Jordan Luplow Can Be More Than a Platoon Outfielder for the Indians in 2020?

first_imgWe’ve spent plenty of time digesting the most notable comments heard from Tribe Fest this past weekend. Francisco Lindor’s commentary on a contract extension, Franmil Reyes’ weight loss, Mike Clevinger’s take on the Houston Astros’ sign-stealing ways. Each moment provided plenty for Cleveland Indians fans to digest.The same could be said for manager Terry Francona‘s thoughts about outfielder Jordan Luplow.Luplow spent his first year in Cleveland on platoon duty. He struggled mightily against right-handed pitching, but his success against lefties helped make him a surprisingly productive player.Productive enough for Francona to believe he can be more than just a platoon player. Cleveland’s manager noted during Tribe Fest that Luplow has earned the opportunity to become an everyday outfielder, no longer limited to mostly facing southpaw pitchers.The Indians’ outfield is clearly their biggest area of concern, and the team continues to seek solutions internally. However, can Luplow be one of those solves? Has he earned the chance to prove himself against right-handed pitching?Click HERE to Continue Reading! Related TopicsCleveland IndiansfeaturedJordan Luplow Casey Drottarlast_img read more

Djokovic ousts Federer in epic Paris semi-final

first_imgPARIS, (Reuters) – Novak Djokovic ruined Roger Federer’s ambitions of a 100th career title as he outlasted his great adversary 7-6(6) 5-7 7-6(3) in an epic Paris Masters semi-final that stretched his remarkable unbeaten run to 22 matches yesterday. In a 47th meeting between the two greats, the stubborn Djokovic simply refused to be beaten as he eked out a fourth successive victory over Federer in a tiebreak decider after three compelling hours.It gave the Serbian the opportunity to mark his return to world number one on Monday by winning a record-extending fifth Paris title in Sunday’s final against Russian Karen Khachanov, who earlier crushed Dominic Thiem 6-4 6-1.Djokovic, who had complained of competing with flu-like symptoms in his previous matches this week, was proud and relieved to repel a wonderful challenge from Federer, who appeared close to his imperious best. “We’ve had epic matches throughout our rivalry but this one definitely ranks as one of the best matches we played. High quality tennis,” Djokovic told reporters.“Next to the match I played against (Rafa) Nadal in the Wimbledon semis, this was definitely the most exciting match I’ve played this year, and probably the best quality match that I was part of.”Even though he was not broken once, it was still not enough for the 37-year-old Swiss, whose nerve failed him in an anti-climactic final tiebreak in which he served a double fault and made two more careless groundstroke errors. “For the most part I can be happy, my level was good, but losing is never fun,” said Federer. “It’s intense, it’s good tennis, we care about winning, we don’t like losing. I can tell you that right now.”“Novak is obviously on a roll. You can feel it.”Federer was seeking to become only the second man after Jimmy Connors to win a century of professional tour titles following his 99th win in Basel, only to fall agonisingly short. The 20-time Grand Slam champion lost the first set despite having held set point in the tiebreak and had Djokovic in trouble in the final set when the Serb received a code violation at 4-4 for chucking his racket away in disgust after the Swiss had saved two break points.Ultimately, though, Federer, who saved all 12 break points on his serve, saw his resilience ended as Djokovic extended his career lead over the Swiss to 25-22 after their longest-ever three-set duel.It was the first time in their 12 years of battling that Djokovic had won four matches in succession against Federer, equalling the run that the Swiss himself had once achieved at the dawn of their rivalry. Earlier, Khachanov showed why he is one of the finest young talents in tennis with a thunderous victory over Thiem.The 22-year-old, 6ft 6in Russian, already the owner of two indoor hard court titles this year, crushed his Austrian friend and practice partner in 70 one-sided minutes.“It was one of my best matches, and what I’m happy about is that I was increasing my level, which shows that I’m becoming a better player,” Khachanov, who reached his first Masters 1000 final, said.The 18th ranked Muscovite overpowered a third top-10 player in successive days, having hammered Alexander Zverev in the quarters and defeated John Isner in the last-16.last_img read more

Footy kicks off

first_img20 March (Saturday) v Moe – away. 28 March (Sunday) v Frankston YCW- venue TBA. 10 April (Saturday) v Gembrook…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Arcuri, Fullerton, Browell and Ellard earn spots on Zone One West Kootenay B.C. Summer Games golf team

first_imgGranite Pointe’s Carson Arcuri, Ryan Fullerton of Rossland/Trail, Trevor Browell of Champion Lakes and Kaslo’s Shawn Ellard all earned spots on the Zone One West Kootenay B.C. Summer Games Golf team as the junior circuit made a stop at Redstone Resort in Rossland.The quartet qualified during the latest stop on the Zone One West Kootenay Golf tour with Ellard sneaking in the back door, defeating Champion Lakes golfer Aiden Browell in a play off to earn the fourth spot.The BC Summer games allows players age 16 and under to try and qualify, provided they have not played the summer games tournament before. Twenty-eight junior teed it up at Redstone under sunny skies for the 18-hole tournament Saturday.Overall winner was Braden McKay of Rossland/Trail, his first ever overall Junior Circuit win.  In the age categories MacKenzie Field of Christina Lake took first in the 17-18 division with Alex Rugg and Garrett Underwood deadlock in second. Tyler McKay, was first in the 15-16 year division with Fullerton second and Trevor Browell was third. In the 14 and under division, Arcuri took first while Jackson Konkin of Rossland/Trail a solid second at 88 and Browell placed third.In the net division Ellard was first overall in the 15-18 and Jeff Ashton from Castlegar was first in the 14 and under division. Browell and Ryan Page from RTCC both won closest to the pin while Ashton and David Launier won long drives in their respective divisions.last_img read more

BCIHL delays start of upcoming season due to COVID-19

first_img“We now know that these restrictions will prevent us from starting on time for the fall semester.”The BCIHL consists of five teams, including Selkirk College, Simon Fraser University in Burnaby; Trinity Western University in Langley; Vancouver Island College in Nanaimo and the University of Victoria.The BCIHL said in the media release membership approved a tentative 12-game regular season schedule for the winter term along with a modified playoff structure during last week’s annual general meeting.The BCIHL said individual teams are permitted to explore exhibition game opportunities for the fall semester within the boundaries of their institution, facility, and BC Hockey and Hockey Canada Return to Play protocols. “With concerns over the health, safety, and academic success of our student-athletes, each of our member teams agreed that January 15 is the earliest opportunity to kick off the regular season,” continued Munshaw. The BC Intercollegiate Hockey League announced Thursday that the 2020-21 regular season won’t start any sooner than January 15, 2021 due to safety concerns relating to the COVID-19 pandemic. “We are working closely with BC Hockey, our member institutions, our home arenas and our travel partners to ensure we return to action safely when the current restrictions are lifted,” said BCIHL President Chris Munshaw.last_img read more

Palm oil executives arrested in bribery scandal in Indonesia

first_imgArticle published by mongabayauthor In a sting operation on Friday, Indonesia’s anti-corruption agency caught a representative of Indonesia’s Sinarmas conglomerate bribing a pair of provincial legislators from Central Kalimantan.The firm wanted the politicians to avoid an investigation into the pollution of Lake Sembuluh in Seruyan, a district in Central Kalimantan. Local residents and activists say the lake, which is ringed by plantations and mills, has been contaminated by palm oil processing waste and pesticides.The company also wanted the provincial legislators to tell the media that its operating permits were in order, according to the KPK. JAKARTA — Three executives from one of Indonesia’s biggest palm oil firms were arrested over the weekend by the nation’s anti-graft agency after an employee was caught bribing politicians to kill an inquiry into water pollution and plantation licenses in Borneo, the agency said on Sunday.The executives work for Sinarmas, a sprawling conglomerate owned by Indonesia’s billionaire Widjaja family. One of them, Edy Saputra Suradja, has been a vice president of PT Sinar Mas Agro Resources and Technology (SMART) since 2008. SMART is one of the Widjaja family’s main palm oil arms, presiding over dozens of plantations and mills across Indonesia. Edy tendered his resignation after the scandal broke.The two other executives, Willy Agung Adipradhana and Teguh Dudy Syamsury Zaldy, are the chief executive and legal director, respectively, of PT Binasawit Abadi Pratama, a smaller company operating near Lake Sembuluh in Seruyan district, in the Bornean province of Central Kalimantan. The lake is ringed by oil palm plantations and mills and has become severely polluted, with residents complaining of itchy skin after swimming in its waters and the collapse of fish stocks.Four members of the Central Kalimantan provincial legislature were also named as suspects in the case, Indonesia’s anti-graft agency, the KPK, announced in a press conference on Oct. 28. Legislators had been investigating reports from Seruyan residents that companies had contaminated Lake Sembuluh by dumping palm oil processing waste in its waters, the agency said.“The fish aren’t as abundant anymore,” James Watt, a farmer who lives a short walk from the lake, told Mongabay last year during an investigation into corruption in Seruyan. “The difference is the investors are here. The oil palm plantations are here.”James Watt at Lake Sembuluh. Image by Leo Plunkett for The Gecko Project.The case came to light when the KPK received a tip about a planned meeting in Jakarta between Binasawit representatives and provincial legislators, during which the bribery was supposed to take place.On Oct. 26, KPK investigators arrested Tira Anastasya, who works in Binasawit’s financial department, together with two members of the Central Kalimantan legislature, Edy Rosada and Arisavanah, at the food court of a shopping mall in Central Jakarta, shortly after the money was handed over, according to a KPK timeline of events.The KPK also secured 240 million rupiah ($16,000) in cash inside a black plastic bag.After that, the KPK moved to arrest four Sinarmas executives at the conglomerate’s headquarters in Jakarta: Edy, the SMART vice president; Willy, the Binasawit CEO; Feredy, a Binasawit director; and Jo Daud Darsono, the CEO of SMART. Of those, only Edy and Willy have been charged in the case. Teguh, the Binasawit legal director who has also been charged, turned himself in to the KPK.Four legislators — Borak Milton and Punding L.H. Bangkan, as well as Edy and Arisavanah — have been charged in the case. Several other legislators have been arrested by the KPK.Sinarmas said in a statement that it “deeply regrets” the emergence of the scandal.“We hope our business units and their subsidiaries operating in Indonesia operate in accordance with Indonesia’s laws and regulations,” the firm said.“We will fully cooperate with the investigation process and we hope the issue can be resolved quickly.”KPK deputy head Laode Syarif, right, addresses the press on Oct. 28 as two of his colleagues display the confiscated bribe money. Image by Indra Nugraha for Mongabay.Permits in focusThe KPK isn’t only looking at water pollution. After provincial legislators followed up on residents’ complaints about the quality of the lake, they discovered problems with Binasawit’s permits, according to the KPK.Sinarmas wanted to pay off the legislators not only to kill the inquiry into water pollution but also to tell the media that Binasawit’s permits were in order, the agency said.“Don’t forget, the one that issued the permits was the district government,” Laode Syarif, deputy head of the KPK, said at the press conference.“We have to look at when [Binasawit] started operating, so we can see who issued the permits,” Laode said.According to documents published on the website of the Roundtable on Sustainable Palm Oil and a provincial government database, the permits underpinning Binasawit’s operations were issued by Darwan Ali, who was the head of Seruyan district from 2005 to 2015.Last year Mongabay in collaboration with the The Gecko Project published an investigation into Darwan’s licensing practices, showing he had issued licenses for 18 enormous oil palm plantations to as many shell companies formed by his relatives and cronies. Instead of developing the plantations, these individuals flipped the companies, with the licenses attached, to conglomerates owned by the billionaire Kuok and Rachmat families for millions of dollars.Today Seruyan, and especially the Lake Sembuluh area, is home to one of the largest expanses of oil palm in Indonesia.“The lake is dirty because people bathe in it and poop in it,” Darwan’s son Ahmad Ruswandi, who became head of the Seruyan district legislature after losing a 2013 bid to replace his father as district chief, told Mongabay and The Gecko Project last year. “If there weren’t any companies, the lake would still be dirty.”Land concessions for oil palm plantations encircle Lake Sembuluh and the villages on its shores, on the island of Borneo.Lake Sembuluh is surrounded by eight factories milling palm fruit into crude palm oil, according to Save Our Borneo (SOB), an NGO based in Central Kalimantan.SOB director Safruddin said the lake was contaminated not only with waste from the mills but also with pesticides from the plantations surrounding it.Laode, the KPK deputy head, said corruption in the forestry, plantation and environmental sector was “very harmful” to both the environment and people.“Especially if the corruption is aimed to cover up the dumping of waste in a lake which is a source of life and an ecosystem,” he added. It’s a place people depend on for their livelihoods.”That’s why the KPK is paying special attention to corruption in the natural resource sector, including the plantation sector, Laode said, adding that the government should use the bribery scandal as a jumping-off point to review permits that have been issued for plantations around Lake Sembuluh.In September, President Joko Widodo signed a three-year moratorium on new permits for oil palm plantations in Indonesia and ordered a review of existing permits.Dimas Hartono, head of the Central Kalimantan chapter of the Indonesian Forum for the Environment (Walhi), said the permit review should pay special attention to the province.“We appreciate the KPK’s work in the sting operation,” he said. “Hopefully this case can be followed up because this kind of bad practice has been going on for a long time.”Dimas Hartono in Palangkaraya, the capital of Central Kalimantan province. Image by Leo Plunkett for The Gecko Project.Banner: Lake Sembuluh. Image by Leo Plunkett for The Gecko Project.FEEDBACK: Use this form to send a message to the author of this post. If you want to post a public comment, you can do that at the bottom of the page. Popular in the CommunitySponsoredSponsoredOrangutan found tortured and decapitated prompts Indonesia probeEMGIES17 Jan, 2018We will never know the full extent of what this poor Orangutan went through before he died, the same must be done to this evil perpetrator(s) they don’t deserve the air that they breathe this has truly upset me and I wonder for the future for these wonderful creatures. So called ‘Mankind’ has a lot to answer for we are the only ones ruining this world I prefer animals to humans any day of the week.What makes community ecotourism succeed? In Madagascar, location, location, locationScissors1dOther countries should also learn and try to incorporateWhy you should care about the current wave of mass extinctions (commentary)Processor1 DecAfter all, there is no infinite anything in the whole galaxy!Infinite stupidity, right here on earth.The wildlife trade threatens people and animals alike (commentary)Anchor3dUnfortunately I feel The Chinese have no compassion for any living animal. They are a cruel country that as we knowneatbeverything that moves and do not humanily kill these poor animals and insects. They have no health and safety on their markets and they then contract these diseases. Maybe its karma maybe they should look at the way they live and stop using animals for all there so called remedies. DisgustingConservationists welcome China’s wildlife trade banThobolo27 JanChina has consistently been the worlds worst, “ Face of Evil “ in regards our planets flora and fauna survival. In some ways, this is nature trying to fight back. This ban is great, but the rest of the world just cannot allow it to be temporary, because history has demonstrated that once this coronavirus passes, they will in all likelihood, simply revert to been the planets worst Ecco Terrorists. Let’s simply not allow this to happen! How and why they have been able to degrade this planets iconic species, rape the planets rivers, oceans and forests, with apparent impunity, is just mind boggling! Please no more.Probing rural poachers in Africa: Why do they poach?Carrot3dOne day I feel like animals will be more scarce, and I agree with one of my friends, they said that poaching will take over the world, but I also hope notUpset about Amazon fires last year? Focus on deforestation this year (commentary)Bullhorn4dLies and more leisSponsoredSponsoredCoke is again the biggest culprit behind plastic waste in the PhilippinesGrapes7 NovOnce again the article blames companies for the actions of individuals. It is individuals that buy these products, it is individuals that dispose of them improperly. If we want to change it, we have to change, not just create bad guys to blame.Brazilian response to Bolsonaro policies and Amazon fires growsCar4 SepThank you for this excellent report. I feel overwhelmed by the ecocidal intent of the Bolsonaro government in the name of ‘developing’ their ‘God-given’ resources.U.S. allocates first of $30M in grants for forest conservation in SumatraPlanet4dcarrot hella thick ;)Melting Arctic sea ice may be altering winds, weather at equator: studyleftylarry30 JanThe Arctic sea ice seems to be recovering this winter as per the last 10-12 years, good news.Malaysia has the world’s highest deforestation rate, reveals Google forest mapBone27 Sep, 2018Who you’re trying to fool with selective data revelation?You can’t hide the truth if you show historical deforestation for all countries, especially in Europe from 1800s to this day. WorldBank has a good wholesome data on this.Mass tree planting along India’s Cauvery River has scientists worriedSurendra Nekkanti23 JanHi Mongabay. Good effort trying to be objective in this article. I would like to give a constructive feedback which could help in clearing things up.1. It is mentioned that planting trees in village common lands will have negative affects socially and ecologically. There is no need to even have to agree or disagree with it, because, you also mentioned the fact that Cauvery Calling aims to plant trees only in the private lands of the farmers. So, plantation in the common lands doesn’t come into the picture.2.I don’t see that the ecologists are totally against this project, but just they they have some concerns, mainly in terms of what species of trees will be planted. And because there was no direct communication between the ecologists and Isha Foundation, it was not possible for them to address the concerns. As you seem to have spoken with an Isha spokesperson, if you could connect the concerned parties, it would be great, because I see that the ecologists are genuinely interested in making sure things are done the right way.May we all come together and make things happen.Rare Amazon bush dogs caught on camera in BoliviaCarrot1 Feba very good iniciative to be fallowed by the ranchers all overSponsoredcenter_img Corruption, Crime, Environmental Crime, Governance, Palm Oil, Plantations, Pollution, Water Pollution last_img read more

A Voluntary Recall Has Been Issued

first_imgA voluntary recall has been issued for hamburger and hot dog buns sold at popular retailers including Publix and Walmart after plastic pieces were found in the food.  Flower Foods Inc issued the recall for buns and other baked goods due to the potential presence of hard plastic pieces that were found in production equipment that could have been transferred to the product. Many popular brands are under the recall, including Great Value sold at Walmart, Wonder Bread, Publix Brand and Nathans. No related injuries or illnesses have been reported.last_img