Be not afraid of change, for you must be notified in advance

first_img continue reading » It is a common claim that human nature favors consistency. We, as humans, do not like change. For those like me, who are compulsive planners, this is truer than for those who like to “go with the flow.” As sudden change is unavoidable, managing it becomes a necessary life skill. However, where information can be provided in advance, the sooner you get that information, the easier it is to plan accordingly. That way, you don’t end up surprised like this kid:It appears the federal regulators also subscribe to “the sooner, the better” theory of life and a key consumer protection contained in several of the federal financial regulations is that consumers must get advance notice of certain changes. One of the many, many, many changes implemented by the CARD Act was expanding the types of changes that trigger advance notice for credit card accounts. I’ve blogged before on what some of these changes are, but, there are also a number of exceptions to the rule. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Nordic pension fund tenders $150m GEM mandate using IPE-Quest

first_imgIt also requires an all-cap strategy, unconstrained versus the benchmark, with the ability to have a 0% weight in large benchmark stocks and large benchmark countries.The investor said fund managers must be prepared to take quarterly meetings to discuss portfolio and market developments, positioning and performance.It added: “We are not looking for an income strategy, a deep-value strategy, an EM consumer strategy or a managed volatility strategy.“Strategies that have been created due to an existing strategy having reached full capacity will not be considered for this mandate.“We are long-term investors and aim to obtain a deep understanding of our external managers’ performance drivers, investment philosophy and process.”The mandate calls for a minimum tracking error of 4%, using the MSCI Emerging Markets IMI Net TR as benchmark.Fund managers must have a track record of at least three years, preferably six.Applicants should state performance, gross of fees, until the end of 2013.The closing date for applications is 20 March.The IPE.com news team is unable to answer any further questions about IPE-Quest 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] A Scandinavian pension fund has tendered a long-only global emerging markets equity mandate using IPE-Quest.According to search QN1395, the initial mandate size will be $150m (€109m), but the investor expects to increase this amount.The mandate is likely to be a segregated account, but managers should also state whether “a UCITS fund is available”.The investor is looking for a boutique with a strong focus on emerging markets, and calls for a fundamental, active approach, a proven process with a strong valuation framework, a solid long-term track record and a relatively low turnover.last_img read more

Europa League: Arsenal held as Guimaraes grab last-gasp equaliser

first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ David Silva recovers from COVID-19 Spurs to face Bulgarian minnows in Europa League opener Arsenal conceded a stoppage-time equaliser as they were held to a disappointing 1-1 draw at Portugal’s Vitoria Guimaraes in Europa League Group F on Wednesday. The Premier League club looked to be on course for victory when defender Shkodran Mustafi headed home Nicolas Pepe’s 80th-minute free kick. However, Bruno Duarte struck from close range to end Arsenal’s 100 per cent record in the group. Arsenal’s fourth consecutive draw in all competitions will increase the pressure on Manager, Unai Emery, following a difficult week in which Granit Xhaka was also stripped of the captaincy. The English team still top the group standings on 10 points and will qualify for the last 32 of Europe’s second-tier club competition if Standard Liege lose to Eintracht Frankfurt on Thursday. Reuters/NAN.Tags: Europa Leaguelast_img read more

Keane excited by future

first_imgRobbie Keane will head off on his end-of-season break excited at what lies ahead for Ireland. The LA Galaxy striker’s domestic campaign drew to a close before he met up with the national squad for their friendlies against Latvia and Poland with new management duo Martin O’Neill and Roy Keane launching a new era in Irish football. While most of his team-mates roll up their sleeves for a return to action in English club football, frontman Keane will enjoy a well-earned rest. However, he is already anticipating the start of the qualifying campaign for Euro 2016 in September next year and the prospect of Ireland once again mounting a challenge. The 33-year-old said: “Listen, we have a manager who is very enthusiastic about what he does. He has always produced where he has been, so I think everyone is excited. “It’s certainly been good. It was good to play at home and get the fans back on our side, if you like. “The two of them, Martin and Roy, coming in certainly did that and then to play away from home against a team that is getting stronger and stronger, it was a good test. “It was good for him (O’Neill) to see all the players and different players who they probably haven’t seen close up, so I think it’s something he certainly enjoyed, anyway. “He mentioned after he had really enjoyed it.” The younger Keane was a bystander at the INEA Stadium in Poznan on Tuesday evening as a much-changed Ireland side battled its way to a 0-0 draw with the Poles to add to their 3-0 victory over the Latvians at the Aviva Stadium. He did not play because of a long-standing Achilles problem, the extent of which he hopes to discover on Tuesday next week when he sees a specialist. Robbie Keane, much to his manager’s admiration, delayed the consultation in order to make the trip to Poland, and he is bracing himself for the possibility of surgery. Asked what his plans are for the next few weeks, he said: “Just rest, and see the specialist and see what he has to say, whether I have to have an operation or whatever he says. “But I won’t know until I see him on Tuesday.” The striker, who scored his 62nd senior international goal and won his 131st cap against Latvia, watched the entire game in Poznan from the bench and admitted it had given him a different perspective, one which may come in handy once his playing days are over as he looks towards a career in coaching. He said: “It’s different. It’s always nice to see it from a different perspective and see how the game goes. “But like anybody, you want to be playing and I’m exactly the same. But it was good to see, it was good to see the lads playing and good to get a few tips for a good few years down the line. “The pitch wasn’t the best for both teams, it was quite bobbly but all in all, it was a decent performance. Everybody worked hard and these are the games you want to be beaten in, so a draw was probably a fair result.” Robbie Keane will hope to be back on the pitch when Serbia visit Dublin in March, and his long-term strike-partner under former boss Giovanni Trapattoni, Kevin Doyle, is eager to join him once again. Doyle slipped down – and ultimately out of – the pecking order as club Wolves dropped out of the Barclays Premier League and in short order, into Sky Bet League One. However, he was recalled last month by interim boss Noel King, who also selected the current squad on O’Neill’s behalf, and is relishing the chance to prove himself at international level once again while helping to spearhead a promotion push at Molineux. Doyle said: “We (Wolves) have started very well this season and are top of the league from the weekend. “Next season when the qualifiers start again, it’s another new year and hopefully if things go well, we will be in another division.” Doyle will hope to impress O’Neill and number two Roy Keane from a distance before next March’s friendly against Serbia to experience once again the buzz that their arrival has created. He said: “It’s been very enjoyable – not that it wasn’t enjoyable before. It’s just a new manager and new ideas, a new voice to listen to. “Obviously everyone is very keen to listen and try to impress and both of them being heroes of all of us, probably, over the years, makes it that bit more special, I suppose.” Press Associationlast_img read more