North Yorkshire County Council has chosen Leadenhall Capital Partners to manage an allocation to insurance-linked securities (ILS) for its pension fund.The £3bn (€3.5bn) North Yorkshire Pension Fund launched the tender in January, explaining that it was prompted by an “urgent review” of its investment portfolio in light of risks associated with the UK’s departure from the European Union.According to the search notice, the public sector pension fund was planning to allocate 3.3-5% of total assets to the ILS mandate. This would be equivalent to around £110m-£165m.The pension fund previously said it wanted to be in a position to invest in ILS by June, as the asset class could only be accessed twice a year and June was the next intake. North Yorkshire Pension Fund is part of the £43.7bn Border to Coast asset pool together with 11 other local government pension schemes (LGPS). London CIV launches first fixed income fundLondon CIV has confirmed the appointment of CQS as the manager of a multi-asset credit fund, the first of a set of fixed income strategies the pooling vehicle is developing for its member LGPS funds.CQS was one of several fixed income managers that London CIV had lined up a few months ago, as previously reported, but its appointment was only officially confirmed yesterday with the announcement of the new fund.Four London local authority pension funds will invest £308m in the new fund at launch, bringing the London CIV’s total assets under management and oversight above £15bn.Separately, the London CIV announced it had selected Opus Nebula to provide fund factsheet and client reporting services, replacing a legacy reporting system. Brian Lee, chief operating officer at London CIV, said the investor had demanding reporting requirements and implementation timeframes, and that Opus Nebula had enabled the pooling vehicle to automate its client reporting, reduce reporting times and mitigate process risk.“This is an important first step in the build-out of our operating model,” he said.North East Scotland Pension Fund names new custodianNorth East Scotland Pension Fund has appointed HSBC Securities Services as its global custodian.The mandate from the £4.2bn LGPS includes investment accounting, investment reporting, performance services, securities lending and compliance monitoring.BNP Paribas was the pension fund’s most recent previous global custodian, having replaced Bank of New York Mellon in December 2016. Credit: Graham HobsterAberdeen, in north-east ScotlandMember data service providers wantedSeveral UK local authority pension funds are looking to set up a framework agreement for the provision of member data services.They are seeking providers of address tracing and correction, and mortality screening services for the UK and overseas.The participating LGPS are: Norfolk Pension Fund, Bedfordshire Pension Fund, London Borough of Hackney, Lothian Pension Fund, Merseyside Pension Fund, and West Midlands Pension Fund.Any LGPS fund or asset pool is free to choose a provider directly from those that will be appointed to the framework agreement, or run a further competition between them before awarding a mandate.
Rush County, In. — A Thursday morning semi rollover crash in Rush County injured one person.A report from the Indiana State Police says at 8:20 a.m. Kevin Lucas, 61, was northbound on County Road 800 East near County Road 900 North when he drifted onto a soft shoulder. The truck went into the ditch and rolled over.Lucas was treated at Rush Memorial Hospital for non life-threatening injuries.
Carrick was a community in grief last night after a ten day search finally brought home one of its own.There was huge sadness across the village but also relief as the body of David Maguire, 38, was finally found to be brought back to his family.One of the biggest ever searches in living memory ended when the body of the father-of-two, missing since New Year’s Day, was found at Kilbeg in Kilcar. The search had brought together the emergency services and voluntary agencies who put their lives on the line each day for the sake of others.A number of agencies including the Civil Defence, the Donegal Mountain Rescue Team, the Coast Guard and the Gardai returned day after day to search for David.An inspiring part of the search operation was the number of local people who volunteered their time in a bid to find one of their own community.DMRT spokesman Joseph Brennan spoke of the common goal shared by all agencies in their effort to locate David. He described the huge operation as the biggest he had encountered in his six years with the DMRT.But it was not just voluntary agencies from Donegal who helped searched for David.Members of Donegal Civil Defence thanked their members who traveled from Leitrim to take part in the operation.It was Civil Defence minibuses which were used to transport searchers to various search areas, while Donegal Civil Defence Radio Controller was used in the incident room to assist in the co-ordinating of the teams on the ground.It was such co-operation between these voluntary agencies which helped to bring out a successful conclusion to this search and bring David’s family some comfort during this time of utter sadness. Such agencies deserve all the public and Government support they get in their service to the hundreds of families they come into contact with across Donegal and Ireland each year.SADNESS YET RELIEF AS COMMUNITY BRINGS HOME ONE OF ITS OWN was last modified: January 12th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CarrickCivil DefenceDavid Maguiredonegalkilcarsearch