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New USI Study Abroad Scholarship In Honor Of Dr. Linda L. M. Bennett

first_imgIn recognition of the leadership of retiring University of Southern Indiana president Dr. Linda L. M. Bennett, the USI Foundation has announced the establishment of the Amy MacDonell and Randall Shepard Endowed Study Abroad Scholarship.MacDonell, a USI trustee from 2006 to 2018, and her husband Shepard retired Indiana Supreme Court Chief Justice and long-time friend of USI, endowed the scholarship that will provide $8,500 per year in scholarships to assist students with the costs of participating in a study abroad program through USI’s Center for International Programs.“This was the right time to honor the amazing tenure of Dr. Linda Bennett and celebrate her service,” said MacDonell.  “These scholarships will reflect the spirit of Dr. Bennett, who has opened doors for students.  We are pleased to help students experience the broader world and gain a deeper understanding of their place in that world.”The USI Center for International Programs offers study abroad programs in 60 different countries in North America, South America, Europe, Asia, Africa, Australia, and Oceania. Programs range from faculty-led trips to a full semester and academic year programs and internships.For more information about USI’s study abroad program, visit USI.edu/international. For more information about the USI Foundation, visit USI.edu/giving.FacebookTwitterCopy LinkEmailSharelast_img read more

Norway oil fund urged to emulate CPPIB approach to real estate

first_imgNorges Bank Investment Management should be granted greater freedom to invest the assets of Norway’s oil fund, starting with real estate, according to an extensive review of its active management.The review, conducted by Andrew Ang of Columbia Business School, Michael Brandt of Duke University and the former president and chief executive of the Canada Pension Plan Investment Board (CPPIB), David Denison, was commissioned by the Norwegian government late last year and proposed that the NOK5.1trn (€630bn) Government Pension Fund Global shift to an opportunity cost model of active management.The approach, employed by CPPIB and Singaporean sovereign fund GIC, requires the asset owner to set a reference portfolio while granting the asset manager greater flexibility to invest in a way to “provide superior risk-adjusted returns”.The paper urged the adoption of the opportunity cost model “and corresponding delegation framework” that would see Norway’s Finance Ministry, as ultimate asset owner, set out specific terms and reference portfolios. “This can be done in a staged process over several years, and should initially be implemented in the fund’s real estate programme,” it said.Ang noted that, where CPPIB had long been active in the illiquid investment market, GPFG had only in the last few years launched its real estate programme.“Where CPPIB excels, it has an integrated, comprehensive framework for thinking about the investment process for complex illiquid assets,” he said.“Eventually, the Norwegian fund should also have these in scale in their portfolio, and CPPIB has very good structure for thinking about alternatives. That structure is very simple. It is really ‘What are these alternatives giving us we can’t access in passive, low-cost equity and bond markets?’”He also stressed that NBIM was very successful in keeping management costs low, at around 10 basis points.Explaining their thinking in the paper, the authors said: “For example, any dollar that could be invested in private real estate is benchmarked against the opportunity costs of investing that dollar in a mix of public equities and bonds.“Thus, any active investment that deviates from the reference portfolio is benchmarked net of fees against public market securities in the reference portfolio used to fund that investment.”Asked if NBIM should consider setting up a dedicated manager devoted to its illiquid investments, as Canadian pension funds such as the CAD65bn (€44bn) Ontario Municipal Employees Retirement System has done with the launch of Borealis Infrastructure, Ang said the matter was secondary.He said: “There is a bigger question behind there, which is ‘What are the sources of the premiums we should be harvesting?’ and ‘Are they appropriate for us?’ Then you can decide how best to implement that.”Ang said NBIM was currently limited to investing only 5% of the GPFG’s assets in real estate – although the fund’s property exposure only stood at 1.2% at the end of March – and that it was therefore important to question why a 5% limit was imposed, and why it was not allowed to increase further.He said it was important to consider the benefits of property compared with equities and bonds.“That’s where I think the Canada framework really helps,” he said. “It says ‘We are doing the funky, sexy illiquid investment X because we can’t get it in equities and bonds’.”,WebsitesWe are not responsible for the content of external sitesLink to review of GPFG’s active managementlast_img read more

US family buys Southport house in multimillion-dollar pre-auction deal

first_imgThe house exudes luxury. More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe house was designed by renowned Gold Coast architect Bayden Goddard.“The buyers were from San Francisco and flew in to see the property and secure it,” Mr Paradise said. “It’s a stunning architecturally designed home — it’s a one off.“We have thrilled buyers and sellers.” The three-level property was designed by renowned Gold Coast architect Bayden Goddard and has a Hamptons style throughout. It features a six-car garage, wine cellar, pool, seamless indoor and outdoor living and entertaining and sits in the highly regarded TSS precinct. 16 Brighton Pde, Southport, sold before auction in a multimillion-dollar deal. A custom-built Cape Cod house, which is often in the property limelight, has been snapped up by buyers from the US in a multimillion-dollar pre-auction sale. The luxurious Southport house was set to head under the hammer on Sunday but numerous offers saw the deal be inked Saturday night. Entertain in style. It has been very popular online. Owners Kate and Price Gallie, who built the property to raise their four sons, are used to their luxury house being in the spotlight.“It’s always been very much loved on Pinterest, it won Australia’s best room many years ago in Home Beautiful magazine … it has always been out there and people seem to love it,” Ms Gallie told the Bulletin in March. “They love the high ceilings and the light, the architect has done a great job.“And I had a great time styling and decorating it as well.”During the property’s most recent campaign it was often one of Queensland’s most viewed properties on realestate.com.au each week. It is on a 1553sq m block. The Gallie family have purchased property locally with plans to build another standout house. “My husband compares it to a rock group who put out their first album — will it be a one-hit wonder? Was it a fluke?,” Ms Gallie said.“I hope I don’t regret leaving, it’s going to be hard one to leave.” It sold for an undisclosed figure.Ray White Prestige Surfers Paradise agent Jackson Paradise said the six-bedroom property at 16 Brighton Pde sold for an undisclosed figure to an expat family. CoreLogic records show the house was listed with a different agency with a $4.75 million price guide in December 2018. MORE NEWS: Is this the Coast’s most popular mansion? MORE NEWS: Imagine living at a resort A family from the States purchased the six-bedroom house. last_img read more

Oboabona still craves for Super Eagles recall

first_img read also:Oboabona craves for Super Eagles return Oboabona has made 39 appearances for Nigeria in the past and he currently plays for FC Dinamo Batumi in Georgia. He also represented Nigeria at the 2013 FIFA Confederations Cup and the World Cup in 2014. FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content8 Best 1980s High Tech GadgetsBest & Worst Celebrity Endorsed Games Ever MadeThe Best Cars Of All Time5 Of The World’s Most Unique Theme ParksPlaying Games For Hours Can Do This To Your Body5 Of The World’s Most Unique Theme Parks6 Extreme Facts About HurricanesWho Is The Most Powerful Woman On Earth?What Happens To Your Brain When You Play Too Much Video Games?The Models Of Paintings Whom The Artists Were Madly In Love WithThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalBelieve It Or Not, Paul Rudd Is Turning 50 This Yearcenter_img AFCON 2013 winner, Godfrey Oboabona, said he’s not giving up any hope of a call up back in the Super Eagles. Oboabona won the 2013 African Cup of Nations for Nigeria in 2013, he last featured for the Super Eagles four years ago. The former Sunshine Stars of Akure defender is however optimistic about a recall by Gernot Rohr. “Of course, I still hope to play for Nigeria again. I’m waiting all day and by God’s grace, I hope I will be recalled one day,” Oboabona quoted on AOIFootball.Advertisementlast_img read more

Next step takes KMJ Performance to title sponsorship role for IMCA state program

first_imgTitles are determined by drivers’ total points earned in their first 40 starts at all tracks in each state. One hundred and ten state kings, and queens, were crowned each of the last two years.  STORY CITY, Iowa – A company that already ships thousands of orders weekly to drivers all across the country is the new title sponsor for one of IMCA’s broadest based and most popular awards programs.  The Story City, Iowa, chassis and high performance parts manufacturer and distributor had given awards to special events competitors in 2019, its first season of IMCA sponsorship. KMJ has signed on as title sponsor for the state awards program through 2021. More than 100 drivers will earn KMJ Performance State Championships this season and receive their choice of a $200 gift certificate good toward the purchase of any four shock package, $250 off the purchase of any Victory or Assault chassis, or $50 off any parts purchase.  “This is a great new direction for the KMJ program and with so many different parameters for racing in every state, the pursuit of a state championship will be something all drivers can uniformly strive for in 2020,” observed IMCA Marketing Director Kevin Yoder. “We are excited to partner with KMJ and look forward to crowning a record number of state champions this year.” “We wanted to get our name out more last year and I believe we accomplished that. Sponsoring the IMCA state championship program is a good next step and I’m eager to see what these next two seasons bring,” KMJ owner Tony Hofbauer said. “The state championship program reaches drivers throughout the country. We ship out 5,000 packages a week to drivers across the united states so it correlates with what we’re doing now.”  Information about Assault and Victory chassis and all KMJ products is available at the www.kmjperformance.com website and on Facebook.  Nine hundred and fifty-six different drivers have won one or more of the 1,485 state championships awarded by IMCA since 2000.  Hofbauer started Assault Race Cars with Randy Havlik in 2017 and bought both Victory Chassis and Zero 1 Shocks in 2018. In addition to corporate, manufacturing and warehouse facilities in Story City, KMJ also has a high performance parts retail location in Ames.last_img read more

Lakers’ D’Angelo Russell, Jordan Clarkson embracing NBA All-Star weekend

first_img Newsroom GuidelinesNews TipsContact UsReport an Error They want to satisfy their competitive fix.“I’m going to go out there and hoop,” said Clarkson, who has averaged 15.4 points on 44.8 percent shooting. “I’m going to go out there and play like it’s a real game.”They want to find a balance between resting and learning from other potential and established stars. Russell, who has already appeared in 53 games in his rookie season, admitted feeling “tired.” He played in just 35 games last season as a freshman at Ohio State.Clarkson also planned to rest following the All-Star weekend amid an increased workload in his second NBA season.“There’s going to be a lot of important people there you can meet, pick their brains and get some knowledge,” said Russell, who has averaged 12.2 points on 41.5 percent shooting and 3.3 assists. “But I want to get out there, have fun and get off my feet.”Glass half fullTime has passed and wounds have healed for Shaquille O’Neal to speak glowingly about Bryant. O’Neal “commended” Bryant on how he has handled his farewell tour with grace.“I wish I had a Shaq tour,” said O’Neal, who retired after 19 NBA seasons because of an Achilles injury. “It would’ve been fun. I would’ve gotten a lot of gifts. But it happened the way it happened. You can’t complain. You have to move on.”O’Neal then thanked the Lakers for planning to unveil his statue outside Staples Center during the 2016-17 season.“It’s a great honor. I never expected to get a statue,” said O’Neal, mindful the Lakers have statues of Magic Johnson, Jerry West, Kareem Abdul-Jabbar and former broadcaster Chick Hearn. “I wasn’t going to ask.” Lakers coach Byron Scott hoped that will spur Russell and Clarkson to grow eventually into All-Star players.If you’re there and not aspiring to be one, to me, there’s no reason to be playing,” Scott said. “You want to be an All-Star and you want to be great. Some guys get there and some guys don’t. But at least you want to do everything in your power to give yourself an opportunity.” But Bryant, Russell and Clarkson all dismissed that such a weekend could strengthen the trio’s bond. The skepticism mostly stems from practical reasons.Bryant will stay with his family at a different hotel than Russell and Clarkson, so the Lakers’ 37-year-old star can maximize recovery time and privacy. The three have also kept a constant dialogue throughout a trying 2015-16 season that has entailed having the Western Conference’s worst record (11-43). Instead, Russell and Clarkson found different value in their weekend excursion.center_img TORONTO >> Plenty of their teammates will rest. Their head coach will vacation in Mexico. But for Kobe Bryant, D’Angelo Russell and Jordan Clarkson, the NBA All-Star break actually just means more work.Russell and Clarkson will play in the Rising Stars Challenge on Friday at Air Canada Centre, a game that will feature 10 American rookie and sophomore players competing against 10 foreign rookies and sophomore players. Bryant has been selected for his 18th and final starting appearance in the NBA All-Star Game on Sunday. In between events, Clarkson will spend his Saturday judging the Development League dunk contest and compete in the Skills Challenge, an event that entails shooting, passing and dribbling drills in an obstacle course. “It’s always good to break up the first year, especially for the young guys where you have that moment where you get away from everything,” Bryant said. “You’re around your peers and you get a chance to kind of compare stories and lean on each other.”last_img read more