Alecta returns 11% on back of rising Swedish, European equities

first_imgSwedish occupational pensions provider Alecta has reported a steep increase in investment returns in the first quarter, driven in particular by its focus on Swedish and European equities.The return on defined contribution pensions, Alecta’s Optimal Pension product, rose to 11.1% in the January to March period, from 3.1% in the same period last year.Meanwhile, defined benefit pensions returned 7.8%, up from 2.8% in the first quarter of 2014.Per Frennberg, CIO, told IPE: “Our portfolio did well this quarter, and, market-wise, we are focused more on Europe and Sweden than others.” Equity performance had been in the right place, with listed equities generating a return of 15.3% between the beginning of January and the end of March.Fixed income performed well over the three-month period as well, Frennberg said.He added that Alecta was satisfied with its low cost level.Group management costs on a rolling 12-month basis fell to 0.10% from 0.12%, it reported.“The portfolio is fully active, even across fixed income, and we do that in-house at very low cost – and, so far, with very good returns,” Frennberg said.He said costs could be kept low because of the economies of scale possible with the high level of capital Alecta manages.Rather than add more staff as the value of the portfolio grows, the organisation has opted to keep relative costs low.The group solvency ratio was unchanged at 164, while collective funding for defined benefit pensions rose to 148 from 147.Alecta had group assets under management of SEK682bn (€73.4bn) at the end of last year.last_img read more

Find woman not guilty, jury told 22 May 2012An Invercargill District Court judge yesterday took the rare step of directing a jury to find a woman not guilty, after it was revealed in court the woman’s daughter may have lied about allegations she had made against her mother. The woman, who has permanent name suppression, faced five charges of assaulting a child and two of assault with a weapon. Her jury trial started yesterday before Judge Kevin Phillips. The Crown had alleged the woman had assaulted her son and daughter, both aged under 10 years at the time, between August 2003 and February 2010. In her opening address, Crown prosecutor Emma Riddell said the boy said in his evidential video interview his mother had hit him with a belt so hard his back had bled. He also spoke of his mother smashing his sister’s head into a wall, making it bleed, and leaving a dent in the wall, she said. However, defence lawyer Kate McHugh said in her brief opening statement the defence case was that the allegations were untrue and the children had made the story up because they wanted to live with their father. read more

OPENING DAZE: No. 12 Syracuse drops season opener to Albany in double overtime

first_img Published on February 17, 2013 at 10:06 pm Contact Jacob: [email protected] | @Jacob_Klinger_ Facebook Twitter Google+ The ball spent the majority of the first overtime rocking back and forth, in and out of JoJo Marasco’s stick. It spent all but five seconds of the first sudden-death frame under Syracuse control.After Albany dominated the majority of regulation, the Great Danes didn’t control the ball with any attacking intent until 3:24 in the second overtime.Lyle Thompson cradled the ball in the corner after an Albany timeout and sprinted straight at David Hamlin. He dodged inside of his left shoulder and beelined for the crease. Bobby Wardwell and Brian Megill met him at the doorstep, leaving Miles Thompson to be covered by an SU midfielder that never arrived.Lyle Thompson tossed the ball across the crease to Miles Thompson, who placed his shot right through the middle of Wardwell’s goal.“These guys drew it up,” Albany head coach Scott Marr said after the game, pointing to brothers Miles and Lyle Thompson and their cousin Ty Thompson.AdvertisementThis is placeholder textBut for most of the No. 12 Orange’s (0-1) 16-15 double-overtime home loss, SU was the team scrambling. Seemingly caught off guard by a first quarter AU onslaught, SU never led, struggled to contain Albany inside and only stayed alive off a pair of second-half runs. When SU did control the game it didn’t finish, ensuring defeat before a crowd of 4,130 at the Carrier Dome.The game plan was simple enough: force Albany to win with its midfield. The Great Danes couldn’t, but hardly needed to.“At halftime we went in and talked about staying with our original game plan and knowing who their players are, especially those three guys,” said SU head coach John Desko, referring to the Thompsons.SU trailed 8-5 at the break, at which point the Thompsons had scored or assisted on all but one of Albany’s goals. Though the Great Danes struck first, the Orange rattled off four unanswered to tie the game at 9-9.Marasco keyed the run, dodging in from the X to bounce an equalizer past Albany’s Blaze Riorden just two minutes into the third quarter. His unassisted goal lit a fire under the Orange, spurring a four-goal, five-minute run SU spent darting around Riorden’s goal, pulling defenders in and out, firing at the openings it tore in Albany’s defense.After Scott Loy knifed through the visitors’ defense with 7:55 remaining in the third, Marr called a timeout to stop the bleeding.“It was 0-0, it was 9-9. We said there was 22 minutes left, we said we just had to win the next 22 minutes, keep playing our game,” Marr said he told his players. “It was a game of runs, we’re going to go on our run.”The Thompsons’ show resumed within a minute.Lyle Thompson beat Megill and finished to Wardwell’s right at 6:51. Miles Thompson escaped a Megill-Joe Fazio double team in the corner of the marching band end zone to get the Great Danes cycling into their offense. That possession ended with Lyle Thompson dishing right over Steve Ianzito to Ty Thompson to put Albany up 11-9.The wheels were spinning off again for SU, and only more heroics from Marasco – he finished with three goals and five assists – quelled the Albany tide as the captain turned Doug Eich and scored from 15 yards out with 12 seconds left in the period.“The coaches realized that they weren’t really sliding, and I’m pretty used to dodging against a pole,” Marasco said. “There was a couple of no-slides and I was able to take a couple good shots.”The fourth quarter belonged to Syracuse and capped a 6-2 run that started with Marasco’s face-saver.Freed up by Albany’s defensive attention to Derek Maltz, Dylan Donahue ran riot as SU looked to make the Great Danes’ early dominance a forgotten blip in an early-season scare. His three goals in six minutes hushed the purple half of the Carrier Dome crowd.SU ran two plays in the final 40 seconds off timeouts. Marasco shot high with 14 seconds left, and a crease scramble ended with the ball stuck on the goal line as regulation expired.By the end of the first overtime Marasco had run at defenders from every angle of the attack. Luke Cometti missed three times on the crease. Loy’s forced shot was saved. Desko’s proverbial chalkboard was emptied. Albany didn’t need one.Miles Thompson pumped his legs on the sideline before the second overtime. He’d been stranded at the restraining line for the entire first, but found himself stranded by SU defenders less than two minutes into the second for the game-winner.“I said to myself, ‘All I need is one chance,’” Thompson said. “They were taking like 10 shots, and I was like, ‘Just give me one chance, that’s all I need.’” Commentslast_img read more

Dodgers insert Alex Guerrero into lineup to spell ‘frustrated’ Andre Ethier

first_img Newsroom GuidelinesNews TipsContact UsReport an Error “He seemed to be fighting it a little bit lately and was getting a little frustrated,” Mattingly said of Ethier. “I hope to get him some rest. We’ve probably pushed him as hard as anybody as far as playing time. I’ve been seeing a little bit of frustration the last couple of days.”VIDEO: Watch Dodgers manager Don Mattingly explain his rationale for putting Alex Guerrero in for Andre EthierEthier is mired in a 2-for-18 slump in his past six games (.111 average), though the Dodgers overall weren’t lighting up the scoreboard before Sunday.The Dodgers scored just 19 runs over the previous eight games, a paltry average of 2.3 runs per game.Guerrero ranks third on the team in homers (10) and RBIs (29) despite limited at-bats. He also ranks third among all rookies in homers behind teammate Joc Pederson (18) and Tampa Bay’s Steven Souza Jr. (14). He also leads the majors in pinch-hit homers (3) and RBIs (9). Maybe it was time for a change. Or perhaps it was a way to shake a couple of runs out from the Dodgers’ sputtering offense.Dodgers manager Don Mattingly decided to insert pinch-hitter extraordinaire Alex Guerrero into the lineup in the sixth slot, “hoping for him to do his thing.”The move also allowed Mattingly to spell left fielder Andre Ethier on Sunday in the finale of the three-game series against the San Francisco Giants as the Dodgers tried to avert a sweep.Mattingly said he also plans on resting Ethier against Cubs left-hander Tsuyoshi Wada on Monday, giving Ethier back-to-back days off.center_img Guerrero continues to say all the right things, that he is ready to play whenever his number is called and wherever the team needs him. He said he tries to keep a positive mentality.“It’s about concentrating and focusing and being ready to play every day,” Guerrero said in Spanish. “It’s always good to think positive. It’s bad to think things like ‘Why am I not playing’ or ‘Why am I not in the game?’ “A lot of people tell me I have to have a strong mind.”Mattingly spoke to Guerrero about his playing time earlier in the season. Mattingly said the communication was good for both sides and that he doesn’t expect to have to need another conversation about playing time.VIDEO: Watch Dodgers manager Don Mattingly break down early-season meeting with Alex Guerrero about his role and playing time.“He was very respectful and handled himself great. Like a true pro,” Mattingly said. “Obviously you’ve got to speak up for yourself if things aren’t going the way you like them or want them, but he was very respectful that we have a job to do and we have to make decisions that is best for all of us.“I thought the conversation was good as far as being upfront and honest, and the way he handled himself was great.”Rehab roll callThe parade of rehabbing Dodgers pitchers continued on Sunday.Brandon Beachy, trying to rebound from Tommy John surgery, made his second start for triple-A Oklahoma City. He threw two scoreless innings, allowing one hit with three strikeouts and one walk. He threw 26 of 45 pitches for strikes and had a 50-pitch limit.Reliever Pedro Baez, who has missed 36 games with a right pectoral strain, made his second appearance for Oklahoma City. He allowed one hit in one inning and recorded a strikeout.Brandon League, out the entire season with a right shoulder impingement, allowed one run and two hits in one inning.Mattingly said left-handed reliever Paco Rodriguez will pitch Tuesday for Oklahoma City.VIDEO: Watch Don Mattingly update on the many rehabbing Dodgers pitchersReliever Joel Peralta, out since April 26 with shoulder soreness, was in the Dodgers clubhouse and said he expects to be activated soon.“Probably tomorrow,” Peralta said.Peralta said he will play catch Sunday at Dodger Stadium and a decision will be made about whether he joins the team on the road trip in Chicago.Peralta pitched back-to-back games for single-A Rancho Cucamonga on Friday and Saturday, throwing around 89 mph.“I was throwing and hitting my spots,” Peralta said. “One day was better than the other one. The last day was the better one. I gave up one run, but I felt better, my pitches hit the mark and I had more movement.”More videos:VIDEO: Watch the children of some Dodgers players throw out the ceremonial first-pitchVIDEO: Watch Don Mattingly reflect on Father’s DayVIDEO: Watch Don Mattingly break down upcoming 10-game road triplast_img read more