The £11.6bn (€15.7bn) West Midlands Pension Fund outperformed its benchmark by 1.7 percentage points last year, citing strong performance from its private equity and other alternatives holdings.The UK local government pension scheme (LGPS), however, reported losses across nearly all equity holdings, the notable exception being its North American portfolio, reflecting an overall decline in stock markets during the 2015-16 financial year.The fund’s equity portfolio overall underperformed its benchmark by 2 basis points, losing 2.67% in value over the course of the year, with particularly steep losses of 7.5% from emerging market holdings.The scheme’s global equity portfolio, which grew by £500m last year after it decided to actively manage a portfolio internally, lost 2.2% compared with a benchmark loss of just 0.49%. West Midlands hailed the in-house move as part of an attempt to be more cost-effective.In the forward of the scheme’s draft annual report, Geik Drever, head of the pension fund, said: “[The] restructuring of our portfolio has continued during the last year, including the introduction of an in-house, actively managed global equities portfolio.“This, along with other changes to the portfolio over the last few years, has yielded ongoing savings of almost £25m per year.”The remaining developed-market equity holdings were largely passively managed.The best performing asset class was private equity, which returned 15.8%, followed by an 11.3% return on property and a 9.9% return on real assets and equity holdings.The fund’s 2.4% return was significantly down from the 2014-15 return of 15.5% and also below its 10-year annualised return of 5.6%.Because inflation stood at 1.5% last financial year, however, the fund still managed an absolute return of 0.90%.
ELLSWORTH — Harbor House Community Service Center in Southwest Harbor invites the girls’ and boys’ junior high and high school basketball teams to register for the 24th annual Great Harbor Shoot-Out basketball tournament.The tournament, a fundraiser for Harbor House, has become the largest post-season basketball tournament in Maine, with close to 90 teams participating last year from all around the state.The tournament will take place at area gymnasiums on Mount Desert Island and in Trenton and Ellsworth from Friday, March 18, through Sunday, March 20. There will be four divisions for junior high and high school girls’ and boys’ teams to play in during the three-day tournament.Volunteers are needed to help with the various event activities, such as selling tickets at the door, running the clocks and selling concessions.This is placeholder textThis is placeholder textFor more information on the Great Harbor Shoot-Out, contact event director Diana Novella at 244-3713 or email@example.com.Sponsorships can be mailed to Harbor House at P.O. Box 836, Southwest Harbor, ME 04679.
This weather report is brought to you by Newman Windows and Doors: Simply the best in Hurricane Coverage and Code Red Roofers. The roofers that respond.Get up to the moment Hurricane information by visiting our Storm Central page here:Storm Central The National Hurricane Center is reporting that area of low pressure that is currently moving through the Central Bahamas now has a 60% chance of development which could lead to the formation of a tropical depression.The system is moving west-northwestward at around 15 mph and is expected to stay off of the east coast of Florida, however, heavy rain, thunderstorms, and gusty winds with the possibility of isolated flooding Monday night through Tuesday.
The Pierce County Sheriff’s Department in Washington State is reporting that they have arrested a woman who posed as a photographer in an effort to kidnap a woman’s newborn.The Sheriff’s department says they began investigating the suspect who went by the name Juliette Parker on Facebook after the victim contacted them believing she may have been drugged by the suspect.The victim told authorities that she met Parker in a Facebook group where Parker advertised free newborn photo sessions because she wanted to build her photography portfolio.The victim told investigators that the suspect visited her home three times with her 16-year-old daughter and took selfies with the newborn. She also said that she noticed that the suspect would wipe her fingerprints off of everything she touched.On the third visit, Parker and her daughter brought the mother a cupcake and several moments after the victim ingested the cupcake she began feeling drowsy and numb.The victim then kicked the pair out of her home. While the suspect and her daughter did leave, the victim noticed that her house keys were missing and contacted the police believing she may have been drugged.After an investigation, authorities reported that they found evidence that there were several other victims and that the suspect planned to steal a newborn and raise it as her own:“Our detectives have worked tirelessly on this case, conducting multiple interviews and obtaining several search warrants,” the department said. “This detailed investigation identified additional victims and garnered evidence that indicate that the suspect was planning to steal a newborn baby to raise as her own.”
Howard’s Oliver Ellison, left, and Pittsburgh’s Lamar Patterson, right, fight for possession in the first half of an NCAA college basketball game on Sunday, Nov. 17, 2013, in Pittsburgh. (AP Photo/John Heller)by Nate BarnesAssociated Press WriterPITTSBURGH (AP) – Head coach Kevin Nickelberry wanted to limit Pittsburgh forward Talib Zanna’s impact against his Howard Bison in Sunday’s game.And limit Zanna the Bison did, but that didn’t help in the game’s outcome as Pitt beat Howard 84-52.“We had to just battle him,” Nickelberry said. “We just wanted to use our two-headed monster and try to get him in foul trouble.”Nickelberry’s two-headed monster is 6-foot-9-inch Oliver Ellison and 6-foot-10-inch Marcel Boyd. They were the largest players Zanna faced yet this season, after he dominated an undersized and undermanned Fresno State front line Tuesday with a 19-point, 10-rebound double-double.The Bison cared so much about surrounding and harassing Zanna that they played a zone defense for the first time this season.“Bigs can’t beat us tonight,” Nickelberry told his team. “The guards have to beat us. And their guards killed us.”Zanna got in foul trouble early, according to Nickelberry’s plan, and played just six minutes in the first half. Zanna scored only four points on three shot attempts, and pulled in just three rebounds.It was Pitt’s guards, led by Lamar Patterson, who did in the Bison.Patterson helped Pitt to jump out to a 9-0 lead when he fed freshman forward Michael Young for a dunk and later sank a three-pointer.Patterson shot 4-of-4 from deep in the first half, 5-of-6 overall, and entered halftime with a game-high 16 points. His performance led the best shooting percentage in a half in school history, as Pitt made 81 percent of its field goals and opened up a 48-24 halftime lead.“Last game we just couldn’t find the touch,” Patterson said. “Today, we found it. That’s just how it is, some games it goes in, some games it doesn’t.”Patterson finished with 20 points on 7-of-11 shooting, next to five rebounds and four assists.“I’m a versatile player,” Patterson said. “I like to show different aspects of my game every time out.”Also on the perimeter, guards James Robinson, Cam Wright, Durand Johnson and Chris Jones combined to score 32 points.“It was a really good performance by us,” Dixon said. “The starting guards especially. James, Cameron and Lamar were really good.”Good shot selection proved to be a key.“I think we took a lot of bad shots in the last game and missed some open ones,” Dixon said. “Tonight we took almost all the good threes, and I think that was a big part of it. It usually comes down to shot selection.”The Panthers cooled off in the second half, but still shot 58 percent from the field. Defensively, Pitt held Howard to only 17 field goals and 36.2 percent shooting.Michael Young found the most success of any “big” Sunday, with 11 points on 4-of-4 shooting. Other than Young, though, it was the play of Pitt’s perimeter assets that helped counter the Zanna’s ineffectiveness.“We tried to cut off what we thought was the head of the dragon,” Nickelberry said. “But obviously there were more parts to the dragon than I thought.”
Aaron Donald (Courier Photo/William McBride/File)NEW YORK (AP) – Every NFL draft is filled with intrigue. When the crop of college players has 102 early entrants, including the likes of Jadeveon Clowney and Johnny Manziel, that simply ratchets up the excitement.Here are five things to watch for in the first round Thursday night:WE’RE NO. 1: That would be the Texans, who went 2-14 last season to more than earn the first spot in the proceedings. But there’s no certainty who they will grab, or if they will stay there.General manager Rick Smith has made it clear the Texans have listened to offers for the first pick.“If we take the first pick, we know who we want,” Smith said. “(But) we are obviously open to moving out of the first pick, if in fact there is an opportunity for us to do so and if we think that is in the best interest of the organization.”Teams that could be interested in jumping up to the top, presumably to select South Carolina star defensive end Clowney, are Atlanta, Tampa Bay and even Dallas, which needs lots of work on its defense.GOING DEEP: Many analysts have dubbed this the best draft for wide receivers in years, perhaps ever. The consensus top guy is Clemson’s Sammy Watkins, followed by Mike Evans of Texas A&M, Brandin Cooks of Oregon State, Odell Beckham Jr., of LSU, Marqise Lee of Southern California, and Kelvin Benjamin of national champion Florida State.Watkins is projected to go in the first five picks, unusually high for a wideout.“I think what sets Sammy apart is his sincerity and passion for the game,” ESPN analyst and 2003 Super Bowl-winning coach Jon Gruden said last week. “Everyone I’ve talked to has come away very impressed with Watkins’ passion to be great and to put forth a tremendous work ethic.”QB CLASS: No one is comparing this to the 2012 class that produced Andrew Luck, Robert Griffin III and Russell Wilson. Still, there’s talk four quarterbacks could go in the opening round.There’s also some thought that only two, Texas A&M’s Manziel and Central Florida’s Blake Bortles, will be taken Thursday night.The other highly rated quarterbacks to watch for are Louisville’s Teddy Bridgewater, Fresno State’s Derek Carr, and two late risers: Georgia’s Aaron Murray and Pittsburgh’s Tom Savage.Manziel, the 2012 Heisman Trophy winner, has lots of boom or bust in him. Nobody can deny he is a big-time playmaker, though.“When you’re dealing with a high-profile position like the quarterback, obviously there’s some well-documented things to cover and to consider,” Gruden said. “Manziel brings a lot of excitement and interest to your organization. Maybe some people don’t want to be part of it. That will be up to them.”IN THE TRENCHES: No fewer than a dozen guys who play on either the offensive or defensive line figure to go Thursday. They range from the NFL-ready tackle Jake Matthews of Texas A&M, whose dad, Bruce, is in the Pro Football Hall of Fame, to UCLA guard Xavier Su’a Filo on offense. On defense, look for Pittsburgh tackle Aaron Donald and Notre Dame nose tackle Louis Nix III.It’s possible that the first three players chosen all will do their work in the trenches: Clowney, Buffalo DE-LB Khalil Mack, and Auburn tackle Greg Robinson.LESSER KNOWNS: Some players from smaller schools to watch out for, if not in the first round then certainly in the second:LB-DE Khalil Mack, Buffalo – A certain high pick who can disrupt any offense with his pass-rushing skills and is no slouch against the run.S Jimmie Ward, Northern Illinois – Hits a ton and had an impressive Senior Bowl. But he comes off foot surgery.QB Jimmy Garappolo, Eastern Illinois – From the same school that produced Tony Romo, he’s skilled, mature and a leader.OL Joel Bitonio, Nevada – Versatile blocker who can play anywhere on the line, he has a real mean streak.___AP NFL website: www.pro32.ap.org and www.twitter.com/AP_NFL
Image Courtesy: BCCIAdvertisement 5kjzNBA Finals | Brooklyn VsnvpWingsuit rodeo📽Sindre E1xa( IG: @_aubreyfisher @imraino ) bxiWould you ever consider trying this?😱iceCan your students do this? 🌚aoaxcRoller skating! Powered by Firework Team India’s start of the 4 match One Day International series against New Zealand begins with a loss as the hosts clinched a swift chasing victory at Seddon Park cricket ground. While it was the veteran Ross Taylor setting the stage with his swashbuckling century, it wasn’t all loss and no gain for the Men in Blue, as the young Shreyas Iyer clocks his first ODI hundred, and Virat Kohli becomes the third highest run scoring captain for India in ODIs, overtaking the legendary Sourav Ganguly.Advertisement Image Courtesy: BCCIScoring his 58th ODI half century, Virat Kohli usurps to become the third highest run scoring captain for Team India in the format. Sourav Ganguly, who is the current BCCI president, held the position previously with 5082 runs out of 142 ODI appearances for India as a captain.Kohli, who took the captaincy of the Indian cricket team in 2013, has scored a stunning 5,123 runs from 83 ODIs as the captain. The 31 year old still has Mohammed Azharuddin and Mahrendra Singh Dhoni ahead of him.Advertisement Mohammed Azharuddin has scored 5239 runs in 162 ODI appearances as Indian captain. Dhoni, currently out on a hiatus from international cricket, is leading the list with a monumental 6641 runs out of 172 ODI matches as skipper.While Kohli reached his rank with a fine 63-ball-51, Shreyas Iyer in 4th stole the show for the visitors in the first innings. The 25 year old scored a marvellous 103 runs from 107 balls, including eleven boundaries and one over boundary.Advertisement Making his ODI debut back in 2017 against Sri Lanka, this was Iyer’s maiden ODI century. The youngster was also impressive in India’s unbeaten run in the T20 series, where he scored a total of 153 runs, including a fifty in the first T20.Following Kohli’s departure in the 29th over against Ish Sodhi, Iyer continued his partnership with KL Rahul till the 46th over, before losing his wicket against Tim Southee. Rahul himself was stunning in the first innings, keeping his strike till the end and putting up a stunning knock of 88-off-64 with three fours and six sixes, achieving his seventh ODI fifty.The second ODI takes place this Saturday at the Eden Park stadium.Also read-NZ vs IND 1st ODI Review: A stunning century from Ross Taylor gets New Zealand the lead in the seriesVirat Kohli reveals what’s the biggest lesson he’s learned in 2 super over wins against New Zealand Advertisement