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Newly formed US pension plan group seeks international members

first_imgA newly-formed US pension scheme body – Global Peer Financing Association (GPFA) – set up to increase and encourage peer-to-peer trading activity in the securities lending and repo markets, is looking for international members.The group – formed by California Public Employees’ Retirement System (CalPERS), Healthcare of Ontario Pension Plan (HOOPP), Ohio Public Employees Retirement System (OPERS), and State of Wisconsin Investment Board (SWIB) – is looking to create a “more efficient and actionable way to increase and encourage peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners,” it said.Although the initial GPFA founding members are all US pension funds, the group is interested in expanding membership to include other global pension schemes, large asset managers, insurance companies and “other beneficial owners who share a common interest in the business of peer-to-peer securities lending or repo”, it added.“We are excited to increase participation in GPFA,” said Rob Goobie, assistant vice president of collateral management, derivatives & fixed income at HOOPP. GPFA’s members also include independently owned third-party securities lending agent eSecLending, law firm Osler, Hoskin & Harcourt LLP and financial data analytics company Credit Benchmark.“We believe it is important to promote the interest of members in making the financing market more efficient and effective. We see GPFA as a central connection point to foster collaboration and information sharing within the buy-side community,” he added.Dan Kiefer, investment manager at CalPERS, said the current members came together as a group of “like-minded peers” and recognised that there was a need for more information and support related to securities lending and repo activities.“By transacting with our peers, we have been able to increase revenue generated from our securities lending and repo activities while also expanding sources of liquidity for our plan,” he said.“GPFA is focused on educating beneficial owners about credit approval solutions for non-rated counterparties and ways to navigate challenges through central connection points that allow peers to trade with each other efficiently,” said Jerry May, senior portfolio manager at OPERS.He added: “We recognise each beneficial owner has different factors to consider when evaluating alternative counterparties. GPFA has developed a framework of resources to help other peers understand and navigate the approval process as well as the ongoing administration of trades for those that do not have internal resources to support securities lending or repo activity directly.”Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

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Emily Seebohm takes home $220k win on Brisbane investment

first_img Inside Tim Cahill’s ultimate sports mansion Moet & Chandon Imperial 150th Anniversary David ‘Luttsy’ Lutteral and Emily Seebohm.A fresh update of CoreLogic records showed the home sold last month.The property does have a pool in the front year, as well as multiple living spaces, though it is nowhere near as flash at Larkin and Seebohm’s Hendra love nest. House comes with helicopter parking At one stage it was listed for rental at $620 a week.The swimming darlings owned three properties separately and together — two in blue chip Hendra and one in Toowoomba.The four bedroom Hendra home that the couple bought together for $1.375m in 2017 still has not hit the market, remaining in both their names. Emily Seebohm’s investment property at Flemington St, Hendra, sold in June 2019, with records now updated on CoreLogic. More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoMitch Larkin and Emily Seebohm continue to own this home at Mein St, Hendra, together.Seebohm has made a gain of $220,000 on the price of the second Hendra property, having sold for $790,000 a home she bought for $570,000 in 2012.The property has been listed for rent at about $620 a week, which is about $32,000 a year in rental income. Olympic double gold medallist swimmer Emily Seebohm at the annual Gambaro’s Moet and Chandon Ball to raise money for The Courier-Mail Children’s Fund in May. She sold her investment property a month later. Picture: Liam Kidston.A year after an acrimonious split with fellow Olympian Mitch Larkin, gold medallist Emily Seebohm has sold off one of her homes — but not the one the pair still own together.The couple had a very public horror split in June 2018, with Seebohm putting her investment property in Brisbane suburb Hendra on the market in February this year.center_img Average Aussies are now millionaires Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Mitch Larkin and Emily Seebohm in happier times. Picture: Annette Dew. FOLLOW SOPHIE FOSTER ON FACEBOOK MORE: Big wins forecast for Queenslandlast_img read more

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Jones: Criticism spurred us on

first_img Some of the strongest criticism came from ex-United players like Gary Neville, who compared Van Gaal’s side to a pub team and Paul Scholes, who labelled some of United’s play “prehistoric”. But with United now five points clear of fifth-placed Liverpool, their critics have fallen silent. “People criticising does spur you on,” Jones said. “You are always going to get critics. We are at a massive club here at Manchester United and if things aren’t going as well as they should be then there is always going to be people wanting to have a dig and a pop at you. “We have been well aware of the criticism we have had. We are professionals and we are in a job where people have an opinion about you and they are entitled to it and we just have to get on with it. “People can assume and predict and it is up to us to prove them all wrong. That is what the lads enjoy doing. We enjoy proving them wrong. So far we have done that.” Jones has come in for criticism himself this season, but he and Chris Smalling performed well against a fierce Liverpool attack at Anfield and the two kept 29-goal striker Harry Kane quiet in the 3-0 win over Spurs. Jones and Smalling were identified as long-term replacements for Rio Ferdinand and Nemanja Vidic at United. Press Association Phil Jones says public criticism of Manchester United has fuelled the team’s recent revival. The pair were also touted as alternatives to the Ferdinand-John Terry partnership with England, but as Jones points out, they have not played together often as a centre-half pairing. “It has been difficult for us,” said Jones, who has played alongside Smalling at centre-back for England just once. “It had been documented that me and Chris were going to be the next centre-backs at United but it has not gone how we would have liked it. “Somebody told me the other day that we have actually only played alongside each other about four times in four seasons. “You cannot build a partnership on four games. “Hopefully now we have had back-to-back games together we can keep it going and keep playing well together. We complement each other well.” United are now odds-on to qualify for the Champions League after they recorded back-to-back wins over Tottenham and Liverpool. Such a double would have seemed impossible just a few months ago. Manager Louis van Gaal came under fire after his team put in a number of underwhelming displays. last_img read more