People moves: CEO of £44bn UK public pension pool to step down [updated]

first_img“In addition, he has recruited a talented team of professionals to the company’s senior leadership team. As the company now enters its post-launch, business as usual, phase, Andrew feels the time is right for someone else to take the helm.” LGPS Central has launched three equity funds since opening for business in April. It plans to open at least two more funds later this year. The nine UK LGPS funds forming the pool have £44bn of assets between them.AQR Capital Management – The Conneticut-based global quantitative investment manager has hired Marcos López de Prado as head of machine learning to work with its existing research organisation. He will be part of the research and portfolio management teams and will focus on further developing the machine learning tools and techniques used at the firm, which said it would look to bring on more resources to further develop machine learning tools.  An expert in the field, López de Prado has written a graduate textbook, Advances in Financial Machine Learning, and has published dozens of scientific articles on machine learning and supercomputing in leading academic journals. Most recently, he founded and led Guggenheim Partners’ Quantitative Investment Strategies business, where his team developed high-capacity machine learning strategies and managed portfolios for up to $13bn (€11bn) in assets. Since 2011, he has been a research fellow at Lawrence Berkley National Laboratory, a US department of energy lab managed by University of California. Redington – Robin Claessens has left the investment consultancy, where he was a managing director, to move to Belgium to be closer to his family. Claessens was chief executive and chief investment officer of the £4.5bn Invensys Pension Scheme until 2012, and joined Redington in May 2014 from BBOXX Ltd, a start-up designing and manufacturing solar-based electric systems. He was chief financial officer and then adviser at that company.Talisman Global Asset Management – Nick Cavalla is leaving the University of Cambridge Endowment Fund, where he has been CIO for 10 years, to join the family office of the Pears family. He will be joined at Talisman by three colleagues – Bruce Lockwood, Conor Cassidy and Vincent Fruchard – to manage the firms’s assets and launch an investment outsourcing platform (OCIO) platform in 2019. Cavalla joined the University of Cambridge Endowment Fund in 2007 from Man Global Strategies.300 Club – Elizabeth Corley , the former CEO of Allianz Global Investors, has joined the group of investment professionals that aims to challenge mainstream investment practice. Corley serves on three company boards as a non-executive director – Pearson plc, BAE Systems plc and Morgan Stanley Inc – and is a trustee of the British Museum. She is also the chair of a UK government-commissioned industry taskforce on impact investing . Franklin Templeton Investments – Sonal Desai has been promoted to chief investment officer of the manager’s $157bn (€135bn) fixed income group and executive vice president, with effect from December 31. The move will see her succeeding Chris Molumphy, who retires at the end of the year. Desai joined Franklin Templeton in 2009 as director of research for Templeton Global Macro, a role she will be replaced in by Calvin Ho, who has been serving as her deputy director of research. Ho will assume portfolio management responsibilities for a number of Templeton Global Macro strategies, reporting directly to Michael Hasenstab, Templeton Global Macro’s executive vice president and chief investment officer.Osmosis Investment Management – The $1.5bn (€1.3bn) systematic sustainable investment manager has appointed Mike Even, currently on the investment committee of the Massachusetts Pension Reserves Management Board, to its board and hired Paul Udall as a portfolio manager. Even was chief executive and then chairman of Man Numeric Investors, leaving the firm last year. He has also been global chief investment officer of Citigroup Asset Management. Udall was most recently at Temporis Capital, where he managed global equities portfolios for clients that included the Norwegian sovereign wealth fund. He has also worked at Climate Change Capital, Tudor Capital and Aviva Investors. Swedish national buffer fund AP1 is one of Osmosis’ clients. LGPS Central, AQR Capital Management, Redington, Talisman, University of Cambridge Endowment Fund, 300 Club, Franklin Templeton, OsmosisLGPS Central – Andrew Warwick-Thompson is to step down from his role as CEO of one of the UK’s eight local government pension scheme (LGPS) asset pools, it was announced yesterday. He joined the pool last July from The Pensions Regulator, where he had been executive director for regulatory policy.Announcing Warwick-Thompson’s decision to step down, Joanne Segars, chair of LGPS Central, praised the work he had done to steer the company through to its launch earlier this year, and said he would be leaving with the organisation’s “best wishes for the future”.  “His contribution means that today the company is a fully functioning fund manager responsible for the management and stewardship of nearly £14bn (€15.7bn) of LGPS assets,” she said.last_img read more

WNTP Interpretation and Research Facility to promote sustainability of the project

first_img Share Share Sharing is caring! 46 Views   no discussions Government officials touring the WNTP Interpretation and Research Facility. Image via: www.waitukubuli.comThe Ministry of Agriculture and Forestry in collaboration with the Waitukubuli National Trail Project (WNTP) is confident that the erection of a WNTP Interpretation and Research Facility, to be commissioned soon in Pond Case is a giant step in promoting the sustainability of the Project.At a site visit to the Facility on Wednesday, Project Manager of the WNT, Mr Eddison Henry said that the Facility will serve as a focal point to both locals and visitors as it relates to the awareness and promotion of the trail.“When this facility is completed I believe that it is something that will be worthy of the Waitukubuli National Trail, something which will represent our ‘green face’, something that will represent what the trail stands for and that is greenness and nature. Being at the foothills of the World Heritage Site is also an excellent location and of course as time goes by people will put this facility here as the reason for the Waitukubuli Trail,” said Henry.Project Manager of the WNT, Mr Eddison Henry. Image via: www.waitukubulitrail.com The facility was conceptualized using a French architectural design made of materials including wood, stone and concrete.Architect, Mr Fred Esprit said that the facility will consist of two separate buildings, and is designed as a multi functional complex, meaning that it can serve multiple purposes.“It can be used for retreats, for conferences, as a research facility because there is a lab, we have scientists coming on board, we have students who might want to do research. The Administrative Block (Lot 1) holds a conference room, rooms for the offices for tourism, WNT, a Research Library, Audio/Video Room, Interpretive Center, Rescue Room, Vendor booths and a welcome center. Lot two, which will be situated at the back, will hold a forestry quarters, a sleeping quarter which will hold at any one time fourteen persons which could be divided into male or female. At the back will also have a few gazebos which will be also used for entertainment or picnicking. It will also have a restaurant in the shape of a gazebo in keeping with the original design of the amenities of the trail. To the lower end which is the forestry quarters, it is designed with traditional concrete with reflective windows which will show the reflection of the forest,” explained Esprit.He said the architects and designers paid close attention to the designs to ensure that the facility is eco-friendly.“We try to keep most of the design with what we term as ‘green architecture’. This will ensure that it is natural as possible. At the front of the building will also have a monument which will depict the names of all the persons who worked tirelessly towards this project as well as the names of the landowners who made passage to the facility possible. This is basically to pay tribute to these persons and show our appreciation for their hard work,” said Esprit.Hon. Matthew Walter. Image via: www.waitukubulitrail.com Minister of Agriculture and Forestry, Honorable Matthew Walter said that the government of Dominica is hopeful that the facility will add great value to Dominica’s Tourism sector.“This Research and Interpretation Facility will serve as a vital structure to provide a point of reference for the trail as well as to enhance the appreciation for this new and exciting addition to the Nature Island in exhaustive ‘List of Things To Do’. This facility is intended to serve as the focal point for disseminating information about the Waitukubuli National Trail. It is also intended to serve as a research center for work in ecology, forestry, botany, natural resource management and related fields, in keeping with our closely-guarded nature island theme and our rich tradition and legacy of sustainable management of our natural resources.” The facility, housed on three (3) acres of land in Pond Casse is strategically situated on the boundaries of the Central Forest Reserve, the Northern Forest Reserve and the Morne Trois Piton National Park; a UNESCO World Heritage SiteThe Facility is also nestled between segments four (4) and five (5) of the Waitukubuli National Trail will serve as a hub for activities for the Forestry, Wildlife and Parks Division and will present the opportunity for increased uses including the following: Forestry propagation activities, accommodation for forest officers who work in the out district, accommodation for researchers, hikers and other interest groups, a model campsite, an administrative block, a restaurant and a monument to commemorate all those who have contributed to bringing this trail to life. The project which began on June 6th is being funded by the European Union and costs 1.8 million dollars.Dominica Vibes Newscenter_img Tweet Share LocalNews WNTP Interpretation and Research Facility to promote sustainability of the project by: – September 23, 2011last_img read more