continue reading » The novel coronavirus (COVID-19) is escalating pretty quickly, both nationally and abroad. Between Ongoing Operations and CU 2.0, we’re seeing the challenges that credit unions are facing—and we’re getting ideas about how to fix them.Now that COVID-19 is officially a global pandemic, businesses and entire industries are taking precautions. Schools are closed, events are canceled, and some cities are even enforcing lockdowns. Credit unions are also feeling the pressure.But leadership and support in times like these are crucial. Yes, the credit union must stay safe… but it must also continue to serve its members—especially while their usual resources and support network are compromised.In conjunction with the business continuity planning experts at Ongoing Operations, we’d like to share ten new ideas to help your credit union handle COVID-19. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Brunel Pension Partnership, one of eight asset pools formed by UK local authority pension funds, is investing almost £1bn (€1.1bn) in a multi-factor equity fund run by Legal & General Investment Management (LGIM).The £30bn asset pool appointed LGIM as its passive equity fund manager in April and has been transitioning assets since then.Mark Mansley, chief investment officer at Brunel Pension Partnership, said it considered the LGIM Diversified Multi-Factor Equity fund to have “several distinct advantages, including relatively simple construction, purity of approach and excellent track record”.“These are combined in a sensible way which avoids many of the issues of some multi-factor approaches,” he added. LGIM developed the product with smart beta index provider ERI Scientific-Beta. Mark Mansley, chief investment officer, Brunel Pension PartnershipLaunched in July last year, the multi-factor equity fund is a commingled life fund for UK institutional clients and allocates between Scientific Beta indices according to regional weights determined by LGIM.Noël Amenc, CEO at ERI Scientific Beta, said Brunel’s investment in the fund was “a major vote of confidence in our approach”.Family office seeks securitised credit investmentsA family office based in Germany is carrying out a preliminary search for securitised credit managers via IPE Quest’s Discovery service.According to DS-2487, any potential mandate would be for $5m (€4.4bn), to be invested via an open-ended UCITS vehicle.The family office is interested in a global, liquid strategy. It said the portfolio should tend to be “in the high grade” spectrum but it would not rule out other securities, such as regulatory capital or mezzanine. However, it should not be a pure mezzanine fund. There should be no investment in loans.The investor has indicated a return target of 3-5%, but said this was not a hard constraint.The deadline to respond to this pre-RFP search is 22 November.Danish foundation on the hunt for global EM managerThe Danish National Research Foundation is looking for a global emerging markets equity manager to run a €30m mandate.The Dkr6bn (€804m) foundation said it would consider managers’ long-term ability to deliver future risk-adjusted excess returns, and the strength of their reference clients and key staff.Candidates must also be able to demonstrate that they take environmental, social and corporate governance (ESG) issues into account.The mandate will be benchmarked against the MSCI Emerging Markets index. The foundation said it would not accept regional or country specific strategies, and the procurement also did not cover strategies whose main focus was on emerging market small caps or frontier markets.The foundation wants to invest via a UCITS fund. The deadline to apply is 29 November.German state awards ESG engagement mandateThe German federal state of Lower Saxony has awarded an engagement services sustainability overlay mandate to Hermes EOS.The mandate relates to around €2bn of assets held by the state, its pension fund and special remediation funds. It covers corporate bonds, convertibles and equities – government bonds are excluded.The overarching focus of the mandate is on the implementation of an active approach to calling on companies to respect ESG criteria. The state said it was not interested in investment approaches that excluded or selected companies based on ESG criteria.Four providers applied to run the mandate, according to a tender notice.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest , please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected] .
Indiana lawmakers are set to spend part of this interim examining ways the state can assist and partner in the continued growth and success of Indiana’s medical device industry, which employs more than 20,000 Hoosiers and generates more than $10 billion in revenue annually.Legislative leaders have asked the Interim Study Committee on Commerce and Economic Development to consider expanding the partnership between state government and more than 300 companies across Indiana that specialize in the innovation and manufacturing of medical devices.State Reps. Terri J. Austin (D-Anderson) and State Rep. Kathy Heuer (R-Columbia City) requested the study in a resolution passed by the General Assembly during its 2014 session.“As we explore ways to expand and diversify Indiana’s economy, it is imperative that we continue to pursue continued development of one of the state’s critical economic drivers: medical device manufacturing and life sciences, in general,” Austin said.Recent listings showed that medical device companies make up more than half of the top 50 employers in the field of life sciences in our state. Indiana consistently ranks among the leading medical device hubs in the country.“Indiana’s medical device companies contribute to the physical health of citizens around the world, as well as the economic health of our state,” Austin said. “Even though Indiana is a national leader in medical device manufacturing, I believe it is prudent for us to review the impact of our state’s laws and regulations on the industry’s continued innovation and growth. That is where this study committee will play a key role.”Austin said the committee’s areas of study would be tax assistance in such areas as research and development, examining how to increase venture capital investment, and looking into training of employees at all levels, including the use of internships, cooperative education programs, and focused vocational education.“Many issues affecting the medical device industry involve government policies and programs, as we can see in the current debate in Congress over the medical device excise tax,” noted Peggy Welch, executive director of the Indiana Medical Device Manufacturers Council.“Indiana has embraced medical device manufacturing, and those of us in this field look forward to working with this committee to examine state policies, laws, and regulations that can positively affect the continued growth and innovation of an industry that saves lives and produces quality jobs,” Welch added.The committee is expected to begin its work in the weeks to come.Indiana House of Representatives
Egypt head coach Hossam El Badry recalled Liverpool striker Mohamed Salah to his latest squad for November’s Africa Cup of Nations qualifiers.El Badry agreed to rest Salah for the 1-0 friendly win over Botswana earlier this month.The Pharaohs begin their 2021 Nations Cup campaign against visiting Kenya on 14 November before travelling to face Comoros four days later. There is a also a recall for forward Mahmoud Abdul Monem ‘Kahraba’ for the first time since the 2018 World Cup in Russia.Kahraba is currently in Portugal playing for Aves and has managed one goal in four matches for them this season.The coach has also included four new faces from local teams – Al Ahly’s Mahmoud Wahed, Marwan Hamdi of Wadi Degla, Pyramids’ Mohamed Farouk and Ahmed ‘Zizo’ Sayed, who plays for Zamalek.Egypt Squad:Goalkeepers: Mohamed El Shenawy (Al Ahly), Mohamed Awad (Zamalek), Mohamed Bassam (Al Gaish).Defenders: Ahmed Fathi (Al Ahly), Ragab Bakar (Pyramids), Mohamed Hani (Al Ahly), Mohamed Hamdi (Pyramids), Mahmoud Alaa (Zamalek), Rami Rabia (Al Ahly), Ahmed Hegazi (West Bromwich Albion, England) ,Baher Elmohamed (Al Ismaily), Ayman Asharf (Al Ahly), Abdullah Gomaa (Zamalek), Mahmoud Wahed (Al Ahly)Midfielders: Tarek Hamed (Zamalek), Amr Solyia (Al Ahly), Hamdi Fathi (Al Ahly), Omar Gaber (Pyramids), Mohamed El Neny (Beskitas, Turkey), Abdullah Al Saied (Pyramids), Mohamed Magdi Afsha (Pyramids), Hussien Al Shahat (Al Ahly), Ahmed ‘Zizo) Sayed Zezo (Zamalek), Mohamed Farouk (Pyramids), Islam Issa (Pyramids),Forwards: Hossam Hassan (Smouha), Marwan Hamdi (Wadi Degla), Ahmed Gomaa (Al Masry), Ahmed Hassan Kouka (SC. Braga, Portugal). Mahmoud Hassan Trezeguet (Aston Villa, England), Mahmoud Abdel Monem Kahraba (Aves, Portugal), Mohamed Salah (Liverpool, England)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram