Fewer than 2% of investment funds distributed in France charge “substantially high fees”, according to AMF, the country’s financial markets regulator.A review it carried out found that, out of just over 8,000 funds, 148 charged substantially higher charges than their competitors. This represented 0.33% of assets under management.The majority of these funds (70%) had less than €20m in assets, which probably meant they could not benefit from economies of scale, said the AMF. Also, most of them charged additional fees when their fund manager bought or sold portfolio securities, which increased the level of ongoing charges disclosed in the funds’ key investor information documents (KIIDs).“The AMF nevertheless observed that some of these UCITS have since merged or been liquidated, which could be the result of competition from other UCITS that charge lower fees,” it said. The regulator’s study also found that, in general, foreign funds charged slightly higher fees on average than French funds for equivalent asset classes.The findings emerged from an analysis of funds’ key investor information documents for the financial year 2015 and the ongoing charges disclosed by 8,038 UCITS funds distributed in France.‘Value for money’ reporting toolFund research company Fitz Partners has launched a service intended to allow fund fee committees and fund directors to evaluate share classes on fees, asset size and performance.In a statement, the company said it launched the fund board reporting service “in response to greater demand for better fund governance and investment managers’ requirements for ’value for money’ reviews”.It said requests for independent reviews came from asset managers and also from fund buyers and regulators. In Europe fund boards are not obliged to assess value for money, although in the UK the Financial Conduct Authority last year proposed requiring asset managers to assess whether funds offer value for money. PTL, a UK independent trustee firm, has also launched a ‘value for money’ assessment service for defined contribution investment funds, with Schroders announced as the first asset manager to sign up.Aberdeen Standard in private markets offeringAberdeen Standard Investments has launched what it said was its first comprehensive private markets fund.It has been launched with £138m (€155.8m) of assets, and will invest in a diversified global mix of private equity, infrastructure, real estate and private credit, the asset manager said in a statement.Carillion questioning UK politicians have written to investors including BlackRock and Standard Life Aberdeen as part of an inquiry into the circumstances surrounding the collapse of UK construction firm Carillion.In their letters, dated 26 January, the chairs of the two parliamentary committees behind the inquiry said they wanted to examine whether major institutional investors complied with the Stewardship Code. They asked the investors to set out what engagement they had with Carillion following the publication of its annual report and accounts for 2016 and the interim financial results for 2017. The institutions were also asked to set out what steps they took to influence the financial decisions of the board, the response they received, and their reasons for deciding to sell shares in the company when they did.The politicians asked for responses by 2 February. BlackRock has been given an extension, a spokeswoman for the asset manager told IPE.Goldman Sachs-Amundi fund tie-upGoldman Sachs Fund Solutions is partnering with Amundi to use its asset management operational platform, Amundi Services, for its Luxembourg-domiciled funds.Amundi Services will provide investment management and ongoing control and oversight services to Goldman Sachs Fund Solutions, which runs systematic investment strategies. Amundi will also provide management, due diligence and monitoring services to Goldman Sachs’ UCITS platform dedicated to external alternative fund managers.Goldman Sachs Fund Solutions said it aimed to significantly increase its assets over the coming years, primarily through institutional investors and financial intermediaries.Amundi Services has more than 23 third party asset managers and asset owners as clients, according to Guillaume Lesage, head of the operations, services and technology division of Amundi.
On the Dodgers’ first day back in Los Angeles since getting taken out of the National League Division Series by the New York Mets last year, Clayton Kershaw glanced around the clubhouse, smiled and said: “There’s a lot of new faces. That’s always exciting.”That’s one way of looking at it.Another is: Who in the name of Branch Rickey are these guys, and what are they doing in the Dodgers’ clubhouse so close to Opening Day?Dave Roberts is the new manager, and he brought eight new coaches with him. Only pitching coach Rick Honeycutt survived the transition from Don Mattingly to Roberts. The 25-man roster that opens the season Monday in San Diego could have as many as 10 new faces compared with the one that opened last season.Not one of the newcomers represents the kind of impact free agent or trade acquisition the Dodgers needed to smooth out their flaws and potentially lift them to serious World Series contention. Hell, even the Dodger Stadium organist is new.The question is, is he better than Nancy Bea, whom he replaced?And are these Dodgers better than the 2015 version? I don’t see how anyone can answer yes to that question with a straight face.Not when the Dodgers inexplicably allowed Zack Greinke to leave as a free agent — to division rival Arizona no less.Or when they didn’t make one offseason addition you can definitively say makes them better than when they ended last season.It’s hard to get excited about Opening Day knowing all that.And it’s impossible not to be frustrated knowing it didn’t have to be like this.Andrew Friedman was hired away from the Tampa Bay Rays two years ago to run baseball operations, hailed as a baseball savant uniquely qualified to push the Dodgers over the hump. He’s done anything but. In fact, the team has fallen a step or two back thanks to some head-scratching trades — you think Dee Gordon wouldn’t look good at second base right about now? — and ambivalence to making a bold, big move.If it’s part of some grand plan in which the Dodgers grit their teeth through one or two bridge seasons on their way to championship parades, great.But it’s hard to even see the bridge right now, let alone across it, to be certain this is all headed to a good place.“I know those guys, they’re going to do their research. And the risks they take, they’re going to be calculated and smart,” Dodgers reliever J.P. Howell said. “I know they’re going to pull some moves that look random, but trust me, it’s not random. They know what they’re doing.”We can only hope Howell is right.For now, all we can do is brace for one of the most uncertain Dodgers seasons in years. Outside of Kershaw, the pitching staff is completely revamped.Greinke, who played Robin to Kershaw’s Batman the past three years as the most lethal one-two pitching punch in baseball, is gone.Journeyman Scott Kazmir replaces him as the No. 2 starter, which represents a major step back. Beyond that is utter uncertainty with newcomer Kenta Maeda and Alex Wood the No. 3 and 4 starters. The No. 5 is anyone’s guess at the moment.The everyday lineup is every bit as curious, thanks in large part to a crushing array of injuries that crippled the Dodgers during spring training. Plus, it appears ownership changed the locks on the vault storing all that surplus money, which resulted in an entire winter passing without one major free-agent signing or trade.Howie Kendrick and Andre Ethier will start the season on the disabled list, joining pitchers Hyun-Jin Ryu, Brandon McCarthy, Brett Anderson and Mike Bolsinger.A bunch of others were besieged by various ailments: Corey Seager, Justin Turner, Adrian Gonzalez, Yasiel Puig, Alex Guerrero, Kiké Hernandez, Yasmani Grandal and Kazmir the most prominent. Gonzalez should be fine, and his consistency and dependability will anchor the offense.But it’s all just hope and a prayer surrounding him. Like Turner replicating his breakthrough 2015 season and elite prospect Seager performing like a 26-year-old veteran rather than what he is — a 21-year-old rookie.Or Kendrick returning soon from the disabled list to give the Dodgers certainty at second base. Anyone else think Puig will emerge as a disciplined, mature, consistent veteran this year after two maddeningly inconsistent, immature seasons that sent him plunging from one of the game’s brightest young stars to one of its biggest enigmas?And Joc Pederson will re-emerge as the force he was over the first half of last season, rather than the kid whose head was spinning for most of the second half? That’s way too much hope and prayer for my taste.Especially for a club with an estimated $229 million payroll.Baseball season is upon us.But all things considered, it’s hard to get excited about the Dodgers. Newsroom GuidelinesNews TipsContact UsReport an Error
ST Due to the results of the previous matches that Trabzonspor played, the future decision on the staying or leaving Trabzonspor will be critical today. Namely, the last five matches revealed the following results which directly influenced the decision on the Halilhodzic’s staying in the club. To be more precise, Trabzonspor wrote 2 victories, that is 2:1 against Metalist and 1:0 against Legia Warszawa. On the other side, Trabzonspor was defeated by Karabukspor with the result of 3:0. In addition, they wrote down two draws against Kasimpasa and Istanbul Basak.When he started to lead the Trabzonspor, on the official welcome ceremony he said that he would do his best to bring the team into the UEFA Champions League but admitted that the future was hard to predict. However, now all eyes are on the next match which will be decisive for Halilhodzic as well as for the Trabzonspor.The match all are waiting with lot of patience will be played today at 15:00 o’clock against Mersin İdmanyurdu.Vahid Halilhodžić (born 15 October 1952) is a former Bosnian footballer turned manager, currently in charge of Turkish club Trabzonspor.Regarded as one of the best Yugoslav players in the 1970s and 1980s, Halilhodžić had successful playing spells with Velež Mostar, and French clubs Nantes and Paris Saint-Germain before retiring in the mid-1980s. He also appeared for the Yugoslav national team and was part of the squads which won the 1978 European Under-21 Championship before earning 15 full international caps for Yugoslavia.
CONCACAF U-20 men’s championshipWith the CONCACAF U-20 Men’s Championship looming on the horizon, the National U-20 squad is being prepped in all areas for their travel and participation.One such area is drug awareness and the team was treated to an informative and interactive session, coordinated by the Guyana Football Federation.CANU’s Deputy Head Leslie Ramlall interacts with the National U-20 team in the presence of their legal officer Konya SandifordThe session, which was themed “Benefits of Dissing Illicit Narcotics”, was facilitated by the Customs Anti-Narcotics Unit (CANU) on October 13 at the National Library’s conference room.Leading the discussion were CANU’s Legal Officer Konya Sandiford and Senior Manager Rayon Samuels, who explained key aspects of the law highlighting the concepts of “possession” and “trafficking,” and the corresponding penalties.The interactive session also saw the CANU officials sharing tactics used by traffickers to lure potential mules, methods of concealment and the benefits of “dissing” the narcotic trade. Press stories and practical examples were used to further enhance the quality of the session for the very eager participants.Prior to the CANU’s presentation, GFF President Wayne Forde and First Vice President Brigadier (Retired) Bruce Lovell offered words of encouragement to the group. Forde urged the youth to embrace a positive lifestyle and be good ambassadors of the sport while Lovell’s presentation titled, “Understanding Your D.A.D (Discipline, Attitude and Dedication)” went into detail about the three areas of focus and their impact on the positive development of the person. One thought that he zeroed in on and used as a means of encouragement for them was: “If It Is To Be, It Starts with Me.”In wrapping up, Team Manager Daniel Thomas expressed appreciation to the speakers for their presentations and urged the national team members to activate the positive messages conveyed during the meeting in every aspect of their life. Also, present at the event was CANU’s Deputy Head Leslie Ramlall and members of the technical staff.The National U-20 team have a packed schedule ahead which essentially leads up to their first match against Guatemala on November 2 at 10:30h. They will return to the playing field four days later for their second match against Cayman Islands on November 6 at 10:30h. Next they will face off with Curaçao on November 8 at 12:45h, and their final first-round match will be against El Salvador on November 10 at 19:45h.
Paddy McShane.Bernie McDonagh.BOXING: There was All-Ireland success for both Dunfanaghy and Letterkenny boxing clubs at the All-Ireland Amateur Boxing championships last weekend.Bernie McDonagh boxing out of the famed Dunfanaghy club took gold after a string of superb performances over the course of the week.He defeated Johnny Watson (Belfast) courtesy of a 3rd round TKO in what was an explosive performance. In the semi-final, another controlled and assured performance from McDonagh gave him a (3-0) victory over Robert Wright (Tipperary)In the final he fought the talented Joe Daly, from Castlebar and it was an extremely close fight in the opening two rounds.However, in the final round McDonagh found his range and starting to land some telling punches.The judges gave the decision to McDonagh and won the fight (2-1) to take the Boy 1 36kg All-Ireland title back to Dunfanaghy ABC, much to the delight of coaches Eddie and Joe Harkin. Paddy McShane, from Letterkenny ABC also won gold – and he delivered a series of top class performances to take gold back to Donegal.Whilst his team mate Dylan Browne McMonagle took home a silver medal.A great week for Donegal boxing!ALL-IRELAND GLORY FOR DUNFANAGHY AND LETTERKENNY BOXING CLUBS was last modified: April 5th, 2016 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:all-irelandboxingnewsSport