Into the Woods Festival Ticket and Camping Giveaway!

first_imgFirst Name: Last Name: Email*: Phone Number: Address*: City*: State*: ALAKAZARCACOCTDCDEFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNHNJNMNYNCNDOHOKORPARISCSDTNTXUTVTVAWAWVWIWYZip Code*: I certify that I am over the age of 18.* denotes required field Legendary music venue, Charleston Pour House, presents Into the Woods Music Festival on October 4-6, 2019. Discover a new world in the 6,000 acre Charleston, SC live oak forest with lakeside camping, 20+ bands, kayaks, SUPs, yoga, craft beer, local food & more.Enter below for 2 free tickets and camping passes!last_img

Turkey’s Garanti Pension to launch commodity, global equity funds

first_imgGaranti Pension and Life, the largest pension insurance company in Turkey in terms of the number of pension savers, is planning to launch new funds investing in commodities and international equities.Cemal Onaran, managing director at the TRY4.6bn (€1.3bn) firm, told IPE the new funds would be launched within the next four years.“Our foreign stock market investment fund will most likely invest in both developed markets such as the US and Germany, as well as in emerging markets like Brazil, China and Russia,” he said.“This will respond to the need for alternative investment vehicles, provide tool for diversification away from the domestic risks and vulnerabilities.” Most pension fund assets in Turkey are at present invested in T-bills and Turkish government bonds (59.83%), which lost 0.32% last year.The remainder of pension portfolios are invested in other investment vehicles (17.97%), stocks (12.87%), reverse repos (7.08%), foreign securities (1.24%) and money markets (1.01%), according to Turkey’s financial regulator (SPK).Turkish private pension investments pulled in an average total return of -0.76% last year.Onaran believes that, although Turkish investors still strongly prefer fixed income investments, equities will be the most rewarding instrument for pension funds in the long term.Garanti Pension has some 813,000 customers at present.“Until 2008,” Onaran said, “interest rates in Turkey were quite high, at around 25%, so the optimal strategy was to invest in money market or government bond funds.“From 2008 on, however, interest rates fell down to 7-8%, and investors started to demand higher returns.“This, as well as growing knowledge and experience on financial markets, is increasing interest in alternative investment vehicles such as foreign equity funds.”Garanti Pension is also planning to grow its overall exposure to equities, where it currently has some 13.5% of its assets.In addition, some 68.8% of Garanti Pension’s assets are invested in local fixed income, 9.8% in reverse repos and 7.9% in time deposits, foreign exchange fixed income instruments and commodities.“Already now, we allocate more funds to equities than the average firm in the market,” Onaran said.“We are planning to increase our equity exposure further, up to 15% of all assets in 2-3 years, and to 20% in the long run.“We will gradually increase the average equity ratio within our flexible and equity funds as the market prices test reasonably low levels.”last_img read more

Former Test bowler Labrooy heads new Sri Lanka selection panel

first_imgCOLOMBO, Sri Lanka (Reuters) – Sri Lanka named a new selection committee yesterday, putting former Test bowler Graeme Labrooy in charge of the five-member panel as they seek a reversal in the team’s fortune.The previous panel, led by former captain Sanath Jayasuriya, resigned en masse last month in the middle of a tour whitewash by India who won all three Tests, five one-dayers and the lone Twenty20 International in Sri Lanka.The debacle followed their first ODI series defeat by Zimbabwe in July, which prompted Angelo Mathews to step down as captain from all formats.“The new selectors will begin their term with the selection of the Test squad to take on Pakistan in their tour of UAE commencing early next week,” Sri Lanka Cricket said in a statement.Labrooy, 53, played nine Tests and 44 ODIs between 1986 and 1992. Other members of the panel include Gamini Wikramasinghe, Jeryl Wouterz, Sajith Fernando and Asanka Gurusinha, who is also the cricket manager.Sri Lanka will leave for United Arab Emirates on Sunday for the series against Pakistan featuring two Tests, five one-dayers and three Twenty20 Internationals, the last of which is scheduled for Lahore.last_img read more