Asset management roundup: Liontrust snaps up Neptune in £40m deal

first_imgNeptune’s founder and CEO Robin Geffen – who will focus on portfolio management following the acquisition – added: “It has been an easy decision to agree to sell Neptune to Liontrust. UK-listed investment house Liontrust Asset Management has agreed to buy boutique manager Neptune Investment Management for £40m (€43.7m).In a stock market announcement this morning, Liontrust said Neptune’s 19-strong fund range and team would transfer as part of the deal, growing Liontrust’s asset under management to £17bn.Liontrust chief executive John Ions said: “We have created an environment to give fund management talent with robust and repeatable investment processes the best possible opportunity to deliver good, long-term returns for our clients.“Robin and the rest of the team at Neptune will be able to focus on managing their funds and not be distracted by other day-to-day aspects of running a business.” John Ions, CEO, Liontrust“We have been hugely impressed by the excellent leadership and entrepreneurial attitude of the executive management team at Liontrust, the company’s brand profile and by its sales and marketing capability.“Neptune has great fund performance and an attractive investment proposition and will benefit hugely from the sales and marketing team at Liontrust.”Liontrust has grown substantially in recent years in terms of assets and product range, predominantly through acquiring existing investment teams.CQS teams up with Chinese and Hong Kong firmsLondon-based CQS has entered into an agreement with Chinese financial services company Zhongzhi Enterprise Group and Hong Kong-based DeepBlue Global Investment to develop asset management services in Asia.CQS founder and senior investment officer Sir Michael Hintze said increasing engagement with and knowledge of China and Asia were “critical” to performance, while “international investors want ways to participate in the growth of the Chinese and Asian economies”.CEO Xavier Rolet added: “Our clients are asking us how to best invest in the region. Our cooperation will combine CQS’ long-term track record of investment with the regional expertise of our partners DeepBlue and with the support of ZEG to develop asset management services in Asia.”Zhongzhi Enterprise Group was founded in 1995 and is headquartered in Beijing. It entered financial services in 2001 and now operates asset management, investment and merger and acquisition business arms.DeepBlue provides investment services to family offices and institutions, including managing investment funds and segregated accounts. CQS manages €15.4bn according to IPE’s latest Top 400 Asset Managers report.last_img read more

Despite poor shooting in second half, SU again finds way to win close game

first_img Published on December 3, 2010 at 12:00 pm Facebook Twitter Google+ With a wide grin, Kris Joseph raised his arms in celebration as teammate Dion Waiters sank the second of two free throws to clinch victory. Syracuse came back from a slight second-half deficit, and for at least one more game, the Orange’s unbeaten mark would stay unblemished. Once again, SU escaped an upset. Trailing by as many as six points with 11:38 left to play, Syracuse clawed its way back to win against North Carolina State 65-59, with a combination of stingy defense and intangibles that compensated for its shooting inefficiency. It’s the combination SU has developed through eight games of that shooting inefficiency. And on Saturday, the Orange needed that combination more than ever. Shooting just 8-for-27 (29.6 percent) in the second half, the Orange watched a comfortable 13-point lead from the first half turn into a growing deficit down the stretch. SU shot the ball well early but soon found that momentum shifted with the lead. ‘We had been in this same situation before,’ Joseph said. ‘We’re not going to panic, whether we’re down or up. We know how to stay poised and execute.’AdvertisementThis is placeholder text Having already played and won four games by single digits, Syracuse seems to have found the right recipe for success late in close games. SU shot just 65 percent from the free-throw line but, as in Waiters’ two late freebies, made them when it needed to. The Orange defense forced 10 second-half turnovers and only turned the ball over twice during the final 20 minutes, keeping the Orange alive. ‘One good thing is that we turned it over five times,î Syracuse head coach Jim Boeheim said. ‘That was the difference in the game. If the turnovers are any different, we have no chance to win.’ Syracuse has made a habit out of winning close games despite its poor shooting. In addition to its overall poor shooting on the night, the Orange made just 2-of-16 shots from beyond the arc. That’s something that could eventually catch up to Syracuse as it begins to face tougher opponents, beginning with No. 6 Michigan State at Madison Square Garden in New York City Tuesday. To Boeheim, those shooting numbers just won’t get it done consistently. ‘You’ve got to be able to make some shots out there,’ Boeheim said. ‘And, you know, we’ve got to find a way to make some of those if we’re going to be good.’ The lessons from the previous seven games came in handy against a North Carolina State team that had all the momentum until Boeheim turned on the full-court press. Suddenly, SU created turnovers and got out in its transition attack. The Orange generated seven times the amount of points off turnovers as the Wolfpack. That swung some of the momentum back toward SU. This game was just another that allowed the Orange to continue to add to its experience and ability to win games down the stretch. It’s something the players hope continues. ‘Every game you play, you want to learn something from it, even if it’s a blowout,’ point guard Scoop Jardine said. ‘We’ve been having some close ones and we’ve learned from it, and we know we’ve got to always come together to win close ones like this. That’s how it’s going to be.’ And as the season continues to progress, these are the lessons teammate Rick Jackson believes will ultimately make Syracuse a contender. ‘Whenever you come down to the wire and play a good team like that, it just prepares you for the future,’ Jackson said. ‘You have to find a way to win when the ball isn’t going in.’ Boeheim said he expects the Orange to play better as the season progresses, but shooting the ball well will be essential. Playing better on offense is ‘the bottom line,’ he said. Until then, Syracuse has shown it can still win by staying poised and imposing its will defensively. For Joseph, those are two ‘habits’ that have developed for this team. Even if, thus far, its shooting touch hasn’t. ‘The more we go on through the season, I see that our team picks up new habits,’ Joseph said. ‘And they’re good habits. That’s what we’re going to need to build throughout the year.’ ajohn@syr.educenter_img Commentslast_img read more

From university to university: How football stars thwart punishment

first_imgFootball is a violent game.Anyone who watches it, who loves it, will tell you that.It’s a game about perseverance, about hard blows and ferocious tackles, about indomitable will and raw masculinity honed into 60 minutes of adrenaline-fueled aggression. The violence is disciplined into first downs and legal hits, but at its core, football taps into a love of physical competition.Fans cheer for it on the gridiron. In the confines of the white lines painted on the grass of a football field, the violence is understandable, enjoyable. But what happens when that violence follows our stars off the field?The game of football is riddled with accusations of domestic and sexual violence. And as more cases come to the surface, the question remains — what can be done?The name of the gameAlthough male athletes only make up 3.3 percent of the student body of an average college campus, a study by the National Coalition Against Violent Student Athletes found that they account for 19 percent of the sexual assaults on their campuses.Additionally, the study found that one in every three reported campus sexual assaults was committed by a student-athlete. Over 300 cases of sexual assault committed by student-athletes have been filed in the Nexis — a comprehensive database for public records and legal information — in the last two decades alone.The issue of sexual assault in athletics is at its peak when applied tofootball. Last year, both sexual and domestic violence in football dominated the headlines throughout the college and NFL seasons.USC was in the spotlight in August 2016 after former linebacker Osa Masina was charged with rape in Utah and California. Although Masina and former teammate Don Hill were both removed from the football team immediately following their arrest, and were later expelled by USC, the incident was thrown into a pile of other NCAA football indiscretions headlined by Joe Mixon’s return to Oklahoma’s starting lineup and the Baylor football sexual assault scandal.The past few seasons of college football have opened the eyes of fans, coaches and players to the underlying issue of violence in the sport. And at USC, Masina’s case in particular forced the administration to review the ways the school tackles the issue when dealing with an athlete.Although USC athletes are often treated differently than other students, discipline for sexual misconduct is applied in the exact same way regardless of a student’s athletic status, according to Vice President for Student Affairs Ainsley Carry. This is meant to provide all students with a level playing field, where no athlete is protected by their on-field contributions to the school.“It is the student code of conduct, not the student-athlete code of conduct,” Carry said. “The University has one code of conduct, and it is for all students. We follow the procedure to the letter for any member of the community. Our procedures are indifferent to what you participate in as a member of the University community.”A spokesperson for USC Athletics said that the athletics department defers to student affairs in handling student conduct issues regarding student-athletes.“This assures that student-athletes are treated like all students and do not receive special treatment because of their athletic standing,” the spokesperson said in an email to the Daily Trojan.This situation is not unfamiliar for USC Athletics — in the last three decades, the school has seen four separate sexual assault charges or accusations, including one involving former quarterback Mark Sanchez in 2006. Only Masina’s case resulted in an expulsion, although former tight end Bryce Dixon was banned from the football team despite being allowed to re-enroll at USC. Two of the accused former players are now NFL athletes.Violence off the field is not an issue that is unique to USC, and it continues all the way into the NFL. In 2015, Vice reported that 44 active NFL players charged with or accused of sexual or domestic violence in their careers as college and professional athletes were still playing in the NFL. Three were starting quarterbacks. On average, each brought in a yearly salary of more than $2 million.Some of these men were acquitted by juries. Others were acquitted in the eyes of fans and owners who value on-the-field performance over off-the-field disciplinary issues. It’s a debate that tears at front offices throughout the league — what should teams do when facing a question between a talented future and an allegedly violent past?The answer is typically the same. In a business like football, aptitude trumps anything else.Second chance universitiesBut what happens when a player is dismissed?In the NFL, the Kansas City Chiefs rode the success of wide receiver Tyreek Hill all the way to an AFC West championship, less than three years after he pinned his ex-girlfriend to the wall with one hand around her throat, beating her face with his other fist. The incident occurred in his first season as a wide receiver at Oklahoma State University. Hill pled guilty to domestic abuse after defending himself as not guilty for half a year and in the meantime, he was kicked out of the university.Now, he’s a starter for an NFL team, successful, beloved by fans after a breakout season in Kansas City. The question is obvious — how did a man who was kicked out of Oklahoma State for beating his pregnant girlfriend bloody end up back in the NFL?When players are removed from their Division I programs, they often find a new home in a lower division or junior college program. These schools feed off of the talent of athletes with Division I talent who couldn’t cut it for myriad reasons — grades, attitudes or student conduct violations.The vast majority of transfers to junior colleges or Division III programs are simply athletes who needed a second shot at college ball. They use a year or two in a less prestigious program to pull up their grades, rehab from an injury or earn new looks from other potential programs. This system helps many athletes find their footing in the competitive world of football — stars such as Green Bay Packers quarterback Aaron Rodgers and former Cincinnati Bengals wide receiver Chad Johnson got their start in these schools.But a small percentage of these athletes are overcoming past violence to get ahead. For instance, Lane College accepted a transfer last August despite his dismissal from Vanderbilt University due to five charges of aggravated rape. Another player charged in the same case transferred to Alcorn State University, a Division I school that already fields a registered sex offender.This is how Hill found his way back to a university even after his expulsion. He was picked up by the University of West Alabama, then by the Chiefs in the fifth round of the draft. Many teams dropped Hill from their draft boards even after he ran an impressive 4.24-second 40-yard dash.But teams such as the Chiefs, who were grasping for any opportunity to kick-start their offense, were willing to ignore past crimes in order to bring in new talent. The team’s front office did its best to address the issue, with head coach Andy Reid issuing statements about Hill’s improvement.“This country gives you a second chance, if you handle yourself the right way,” Reid said following a Chiefs practice in an interview.But despite Reid’s sureness, the discomfort of handling the issue was clear. Even more uncomfortable was the decision fans were forced to make every Sunday — whether or not to cheer for a former domestic abuser.“It always gets into those fine lines of second chances,” NBC commentator Cris Collinsworth said during Kansas City’s game against Denver last season. “Maybe you don’t deserve a second chance sometimes.”Masina awaits pending litigation for the charges in Utah, the charges in Los Angeles having been dropped in March. If he is cleared, Masina, like Hill, could be picked up by a smaller school and funneled back into the NFL.It’s not an easy path to follow. But history has proven that even when athletes commit crimes and receive punishments in full, a future in the NFL is still in the cards. The result is a system in which athletes circumvent punishments through raw talent and a faith in second chances.Looking downfieldThis can’t last forever.Across the country, college and professional programs are beginning to catch on. The University of Indiana recently enacted a policy that bans its athletics programs from recruiting or adding any new players with histories of domestic or sexual violence. And the NFL refused to invite star athletes like Joe Mixon, who was suspended for a season after breaking a female student’s jaw in his freshman year.But the solution involves more than simply preventing athletes with a history of violence from reentering the system. The NCAA developed a nationwide training program called Step UP!, which aims to teach administrators, coaches and athletes how to approach issues ranging from drug addiction to domestic violence and sexual assault.Through the program, former Arizona and NFL wide receiver Syndric Steptoe has used his knowledge as a former athlete to advocate for preventing assaults. In order to truly solve the issue of violence in athletics, Steptoe believes that the culture of male-dominant sports must change as a whole.The main problem, he said, is the treatment that comes with an athlete’s stardom.Steptoe watched this culture unfold in his own life, and it started young — high school coaches scouted youth leagues, mentoring prospects from a young age. Those same coaches built plays and programs around their stars when they reached high school. They also rearranged players’ class schedule, wrote passes to get them out of class early to travel to games and talked to teachers to smooth over failed midterms or papers.When a star reaches a college like USC, Steptoe said, the bubble surrounding them has only widened. From personalized meal plans to one-on-one tutoring sessions, universities do their best to cater to the physical and mental needs of their stars in order to maintain their academic eligibility and overall well-being. But at the same time, Steptoe believes that this level of attention can serve to feed the egos and ignore the missteps of a school’s biggest stars.“There’s this idea of what it means to be a star, what it means to be a man,” Steptoe said. “We have to change the little things, the little ways that we’re talking to our boys. When we’re looking at the sport, we have to look at how we’re raising kids in it and start at the very beginning of it.”According to Step UP! founder Becky Bell, this is where the emphasis of preventative education must begin. Her program teaches that attitudes surrounding sexual assault are often communicated in day-to-day conversations. For athletes, this means that violence prevention must come from coaches, trainers and fellow teammates.“A lot of this is breaking down the stigma and the culture that has been built up for so long surrounding athletics,” Bell said. “We need, as a whole, to be having honest conversations about these topics and to be encouraging our students and our athletes to be having the same honest conversations. It’s as small as correcting an inappropriate comment in the locker room, but those little details [can] be the start of finding a bigger solution.”Bell is quick to emphasize that there isn’t a single solution for ending sexual assault in athletics. But the path toward finding an answer involves these steps — putting pressure on athletes to correct behavior on a daily basis while implementing no-tolerance policies at the administrative level.The future of sexual assault prevention in athletics is young and still uncertain, Bell says. However, she believes that college programs and NFL front offices now have the tools, the information and the resources to begin fighting back against this issue.For now, the ball is in their hands.last_img read more

Arsenal table £43.5m offer for Thomas Partey

first_img Source: Daily Mail Arsenal have ramped up their pursuit of Thomas Partey by reportedly leaving a £43.5million offer on the table for the Atletico Madrid star.The Ghanaian midfielder has become a key figure at the Wanda Metropolitano this season, featuring 35 times across all competitions to help Atletico reach the Champions League quarter-finals.However, Partey has a release clause in his contract and according to Corriere dello Sport, Mikel Arteta’s side has launched a £43.5m bid.The report also claims that he is just ‘one step away’ from moving to the Emirates Stadium.Arteta is desperate to rebuild his Arsenal squad after taking over as manager in December following a very turbulent season.The Gunners languish in ninth position in the Premier League, winning just nine times out of a possible 28, and Arteta is seeking reinforcements to make inroads on the top four.Arteta is reportedly holding out for a defensive midfielder to help protect Arsenal’s shaky defence, with Lucas Torreira and Co struggling to nail down a regular starting spot.However, Partey still has three years remaining on his contract with Atletico, and the club is looking to tie him down to a new deal.The LaLiga outfit wants to reward his hugely impressive form with a pay rise and they hope they can lock him in until 2025 while inserting a much bigger release clause into his terms.last_img read more

Stop The Band

first_imgIn fashion circles, the commencement of New York Fashion Week (NYFW) snowballs a flurry of activities across the globe. With designers, stylists, reporters, merchandisers and models world over taking tab of the designs on display on the runways, there is a media frenzy to report every pleated nuance and embroidered detail.But this time around, when fashion week in New York, opened to packed audiences last month, the pitch of the sub continental cheers from India seemed loudest. Indians were particularly proud of the fact that NYFW had a “strong” India presence. That India had a presence cannot be denied, as Reshma Qureshi, an acid attack survivor from India walked the coveted runway for Indian designer Archana Kochchar. FTL Moda, a fashion production company that is committed to challenge the stereotype of beauty in the industry, had invited Qureshi to be a part of the NYFW event.Aishwarya Rai’s presence in Pink Panther was hyped by the media.While it is significant for a victim of such a brutal attack to get a platform anywhere to rise above her situation, the fact that it was New York that gave her that recognition got Indians to particularly relish the moment.It could have been an equally, if not more important, moment if Qureshi were to walk any other Indian runway or make an appearance at an event in her home country, but somehow the idea that the West has chosen to recognize India yet again managed to steal the spotlight. The headlines didn’t stop at that. We were in a mood to seize the moment some more. Sunny Leone, a Canadian actress of Indian origin now working in Bollywood, who also walked the ramp for the same designer was equally feted by Indians.While many skeptics were left debating whether Qureshi’s appearance was just a publicity stunt or something that might indeed help acid attack victims in India, what actually stood out was that Indians, again, were more interested in celebrating the hint of another nod from the Western world.In an inexplicable paradox, despite the fact that most Indian designers make their money catering to their homegrown customers and the biggest market for Indian designers continues to be India, every year, the headlines tease out the slightest Indian connection on the Western ramp in an extraordinarily celebratory way.Ad filmmaker and social commentator Prahlad Kakkar says: “The colonial hangover hasn’t gone away from our collective mentalities. Interestingly, even though somebody who’s doing a mediocre work, if he’s applauded by Western media, we would all go in a collective echo to claim the genius, we just discovered.”Amitabh Bachchan’s guest appearance in The Great Gatsby was touted as a grest accomplishment for India’s greatest living actor.Fashion is by no means exclusive in this collective psyche. We are consumed every time an Indian gets however cursory recognition abroad. It’s only now that Priyanka Chopra and Deepika Padukone are actually claiming the real spotlight in Hollywood. However, for decades we have been celebrating that illusionary Bollywood presence in the Western world. From Aishwarya Rai’s Pink Panther to Amitabh Bachchan’s The Great Gatsby, what we discovered after prolonged hype was something close to a guest appearance.Kakkar also points out: “While today Priyanka may be valid example to show our presence on American television, even before that Kunal Nayyar and Mindy Kaling were almost forcibly celebrated as Indians making it big.”He notes: “These actors grew up in America, developed an American way of living, hence it’s wrong to equate them as Indian achievers. When someone who spent their years in India is able to take that leap and make a mark in a new territory, only then we can hail them as someone championing the Indian cause.”Likewise, many Indians back home celebrated the rise of Bobby Jindal as the big Indian homecoming in American mainstream politics. The fact that Jindal himself felt little in common with the country of his origin or his faith of birth, was a bitter pill, which most were willing to swallow.Manish Arora’s acclaimed Butterfly Dress is madef from 1500 plastic, hand emroidered butterflies that glow under UV lightIn global fashion circles, the achievements of Indians have been few and far between. Aside from Manish Arora, no other Indian name has helmed any global brand or acquired major recognition. Yet, the sari like kimono, which has often served as a canvas for may western designers, has been variously hailed by Indian media as our contribution to Western fashion. Sadly, it has often remained the only talking point for our presence in Western fashion.But every time Michelle Obama wears a Naeem Khan or Bibhu Mahapatra, Indians are quick to snatch the headlines about the first lady and her love for Indian designers. The fact that both these internationally acclaimed designers studied and now live abroad doesn’t matter. Even more amusingly, often another big Asian name, Prabal Gurung, has been celebrated and talked up in the media on his Indian connection. That Gurung is a Nepalese who lived in India only a couple of years to study at National Institute of Fashion Technology and has worked in the United States ever since, has been conveniently glossed over.So this year too, as Indian scribes are busy writing reams about Qureshi and her grit that took her all the way to New York, what we really need to ask ourselves is what we are doing closer at home to ensure that girls are protected against such tragedies.Acid attack victims during a fashion show organized ahead of International Women’s Day in Bhopal, in March 2016, attracted little media attention. Related Itemslast_img read more

Theresa May Ignored Warnings of Sexual Harassment Incidents, Says British MP

first_imgAmid the sexual harassment scandal surrounding the British Parliament, Indian-origin Labour MP Lisa Nandy said on Nov. 1 that Prime Minister Theresa May failed to address the abuse cases she had brought to her attention on three occasions in the past.After Labour MP Jared O’Mara was suspended from Westminster for misogynistic abuse, other MPs alerted their parties about various leaders’ misconduct. A private WhatsApp group of the female staff members was also formed where they had discussed MPs who can be “handsy”. The MPs fear that many of them may have to resign from their position.May and Labour leader Jeremy Corbyn urged the staff members who have faced sexual harassment or abuse to contact the House of Commons authorities or police to file official complaints. In light of these incidents, Nandy came forward on Nov. 1 to inform the House that in 2014 she had brought evidence to May, who was the Home Secretary then, about how party whips exploited MPs’ misbehavior “to exert control” over them in the 1970s.3 yrs ago, I asked Theresa May to act on evidence that Whips had covered up sexual misconduct. Today at #PMQs I asked her again to act.— Lisa Nandy (@lisanandy) November 1, 2017I raised this 3 times with May; twice in the chamber and again in writing. She did not act— Lisa Nandy (@lisanandy) November 1, 2017May responded to Nandy’s accusation, saying that those who were abused must go to the police to make formal complaints. In July 2014, Nandy had asked May:“Has the Home Secretary given any thought to the new legal powers that may be needed by this child abuse inquiry but may take some time to establish? My understanding is that records kept by the Whips are not subject to freedom of information, but are subject to data protection. If the inquiry panel has no power to hold those data or compel information to be shared, how will it bring justice for survivors?”May’s response to Nandy at the time read: “The inquiry panel that I have set up is not a statutory inquiry panel under the Inquiries Act 2005. What we have made clear, though, is that if there comes a point at which the chairman of the panel believes that its work could better be carried forward as a statutory inquiry panel under the 2005 Act, we will be prepared to change it into such a panel.”Nandy had told the then Home Secretary that a senior Whip in the mid-1990s, who had served in 1970s, told the BBC that Whips Office helped MPs with getting rid of scandals “including those, in his own words, ‘involving small boys’.” The Whips Office later used the information to “exert control” over the MPs..@lisanandy challenges PM: “Whips used information about sexual abuse to demand loyalty… on three occasions I asked her to act” #PMQs— BBC News (UK) (@BBCNews) November 1, 2017Nandy added on Nov. 1 that she had warned May that if this was not addressed incidents like these would recur.Nandy served under Jeremy Corbyn as Shadow Secretary of State for Energy and Climate Change from September 2015 until June 2016. She is the daughter of Luise Nandy, the daughter of Lord Byers, who had been a Liberal Party MP, and Dipak Nandy, an Indian academic who came to the United Kingdom from Kolkata, and served as a director of the Runnymede Trust, a race equality think tank in the country. Related ItemsBritish house of commons sexual harassmentBritish MPs sexual abuselisa nandysexual harassment scandal house of commonsTheresa Maylast_img read more