Denmark’s supplementary labour-market pension fund ATP produced a 12% return on investments in the first half of the year, with growth driven by a buoyant domestic stock market.ATP’s chief executive Carsten Stendevad said: “The yield was especially high on shares, property and infrastructure in a half-year which was characterised by extreme interest rate fluctuations.”In its interim report for January to June 2015, the pension fund said the return on investment before tax and expenses was DKK11.5bn (€1.5bn) in absolute terms.Among the five risk classes that comprise ATP’s DKK100bn investment portfolio, three — credit, equities and inflation — saw a positive return, while interest rates and commodities ended the period with a loss. Equities generated a DKK7.0bn return, DKK5.1bn of which came from listed Danish equities, equating to a 31.1% return.“The return was achieved broadly across the portfolio, but was driven, in particular, by holdings in Genmab A/S and Novo Nordisk A/S,” ATP said in the report.Shares in biotechnology company Genmab rose 56% over the first six months of the year, while pharmaceutical firm Novo Nordisk saw its share price appreciate by over 38%. ATP’s investment portfolio only accounts for around 20% of its total assets, as the lion’s share of assets is invested in a hedging portfolio meant to underpin the yield guarantees it offers its members.ATP saw total assets shrink to DKK691bn by the end of the reporting period from DKK704bn at the end of December.However, assets had grown compared to the same point last year, when they had totalled DKK641bn.The bonus potential — the sum used in the investment portfolio — grew to DKK100.5bn at the end of June from DKK95.8bn at the end of December.The hedging portfolio made a loss after tax of DKK20.0bn in the first half of the year.The pension liabilities the portfolio is designed to protect decreased by DKK18.6bn over the same period as interest rates increased, putting the net loss arising from hedging activities that had to be absorbed at DKK1.4bn.But ATP described this difference as satisfactory since it amounted to less than a quarter of a percent of the guaranteed benefits of DKK590.2bn.The pension fund said it updated its life expectancy projection as part of the first-half accounting.“The increase in Danish life expectancy observed was higher than expected in the past year,” it said.The rise in projected lifespans for ATP’s members in 2015 was two and half months for women and three months for men, it said.This led to ATP increasing provisions for future pensions by DKK3.7bn, which equated to 0.6% of guaranteed benefits, it said.
Daniel Rich of the Brisbane Lions has put his house up for rent. Image: AAP/Darren England.AVID AFL fans keen to move into the Lion’s den, listen up.Brisbane super boot Daniel Rich has listed his recently renovated Camp Hill investment property for rent. This house at 58 Bovelles St, Camp Hill, is for rent.Records show the Brisbane Lions’ player bought the three-bedroom, two-bathroom house for $675,000 in 2010.It is currently advertised for lease for $725 a week, including a pool and maintenance, through Amrita Singh at Place Coorparoo. This back of the house in Camp Hill, which is for rent.Features include a back deck overlooking the in-ground pool, a master bedroom with ensuite and airconditioning throughout.Rich sold a four-bedroom, architecturally designed home in Norman Park last year for $1.56 million. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoThe house has a modern kitchen.Camp Hill is quite the hot spot for AFL players, with Darcy Gardiner also owning a renovated post-war house in the suburb.Ex-Lions defender Sam Mayes still owns a house there despite ditching the Lions for Port Adelaide, and Jamie Charman’s first flip house was in Camp Hill before he became a real estate agent. One of the bathrooms in the house at 58 Bovelles St, Camp Hill, which is for rent.
In hindsight, University of Wisconsin volleyball’s opening match was just a hiccup.That’s how the Badgers are viewing that opening loss to Western Kentucky after pummeling Georgia in three straight sets en route to a victory Thursday night at the Field House.The convincing performance to open the Badger Classic brought Wisconsin’s win streak to five straight games as the No. 11 Badgers look to continue improving.“I thought we passed well,” UW head coach Kelly Sheffield said. “But even more so than that … I thought we transitioned really, really well. I thought we came up with some really nice defensive plays and played scrappy and controlled.”The Badgers and Bulldogs combined for some very entertaining and long rallies in front of a packed crowd, complete with the impressive transitions Sheffield mentioned.Wisconsin infuriated and frazzled Georgia’s attack with 47 digs and 21 total blocks in the match.Seemingly everywhere on the court, the Badgers’ defense smothered Georgia the entire night. Most notably in the second set when they held the Bulldogs to only six points.Wisconsin’s ability to keep the ball in play was only doubled by their ability to end rallies with super-efficient attacking play.In that same second set, the Badgers hit at an attacking percentage of 60 percent and recorded 17 kills.Sophomore Kelli Bates spearheaded the attack with 14 kills and an attacking percentage of 40.7 percent on the night. Aided by fellow sophomore Lauryn Gillis who was just behind with 12 kills of her own.Freshman Tionna Williams stepped into her own as well, starting the match and hitting at 100 percent with seven kills until her next attempt was kept alive late in the third set.While junior Lauren Carlini again worked her usual magic and provided 33 assists on the night.But possibly the most impressive performance all night was that of Taylor Morey, who went on a 14-point service run early in the second set.“It’s something that we work on in practice all the time,” Morey said. “It’s just being able to go back to the service line and clear your mind, whether you’ve served one ball, five balls or 10. We work a lot on our in percentage and that’s something that I try to take pride with, that my serve is serve confident and in the court.”Players pointed to the overall energy of the student section as a major driving force in their performance.“We’ve been looking for ways to find momentum,” sophomore Kelli Bates said. “So when we have a crowd as big as our student section was tonight, it’s really easy to find momentum and find that energy just because of the crowd’s feedback … the fans make it a lot easier on us to find that momentum.”With hefty momentum on their side, the Badgers look forward to Kent State team tomorrow night at 7 p.m. at the UW Field House.
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThere have been numerous admissions on that front lately that are on the record. Coach Frank Vogel admitted his gut instinct was to play Davis at center more because it can be “so lethal.” LeBron James, who is usually very good about calling Davis a “power forward,” had to acknowledge after that win against Utah that lanes opened for guards and himself. Guard Danny Green said it made rotations faster and better, and it allowed the Lakers to play another 3-point shooter on the edge.Davis made a convincing case in his 40-point, 20-rebound performance against Memphis that he’s a pretty good power forward, too. But the circumstance that actually might bring all of this to a head might just be the return of Kyle Kuzma.The Lakers have sorely needed an extra body on the wing, and Kuzma’s blend of size and scoring is something that the Lakers miss when Davis and James are forced to stagger their minutes in lineups – the Lakers haven’t really been able to keep up in minutes where neither one of them play.Kuzma could change all that. But more critically, he might change how the Lakers view their optimal lineups, and there could be more of a shift to close with Davis at center and Kuzma at power forward. That could be a “Death Lineup” for the Lakers – the term popularized by the Warriors’ closing group in recent years with four All-Stars and Andre Iguodala.The concept is an overwhelming group that can close games on both ends. And all of the principals on the Lakers seem to buy into that idea. Vogel said he’d play Kuzma some minutes alongside Davis as a center. This seems to be how Kuzma envisions his most useful role.“I think me and him going to work out well,” Kuzma said on Thursday. “If you look back at the Pelicans days when he was there, he played his best basketball when (Nikola) Mirotic was at the four and he was at the five. I’m kind of similar in that aspect, spacing the floor and giving him space to operate down there. You can’t really double him when me, ’Bron and him are on the floor. It’s going to be exciting.”Analytics back Kuzma’s point: During the 2017-18 season as the Pelicans made a playoff push, Davis and Mirotic played 557 minutes together and had a plus-10.9 rating, which is spectacular. There are some differences in context: Mirotic is a better 3-point shooter and rebounder than Kuzma, who is a more versatile scorer and playmaker. But it’s an intriguing comparison.Even more interesting is that Davis himself seems excited about that possible pairing. No one asked him about lineups with him at center on Thursday, but he brought it up himself.“Lineups can look a little different now,” Davis said. “We could go with a tall lineup where we have me, ’Bron and Kuz on the floor three, four, five with like Danny and Rondo, whoever else would be at the point. So we have a lot of options now that we have Kuz and we can switch things up, and that’s the most important part.”If you’re wondering if a super-tall lineup is possible, with a center, Davis, Kuzma and James, it’s probably unlikely. If the Lakers were to play Danny Green, for example, that would force James to guard one of the opposing guards, which is a tough assignment in the Western Conference. The only way the Lakers can realistically play all three of their best scorers at once is by moving Davis to center and allowing Green and Bradley (or whoever they think is most prepared for the defensive responsibility) to take on the guards.The last week has re-enforced, however, that keeping Davis at power forward does have a meaningful purpose: keeping him healthy. The Lakers would prefer not to subject their star to the physicality of opposing centers every night – a week against Rudy Gobert and Jonas Valanciunas only hammered that home. Davis’ mysterious shoulder pain didn’t keep him from playing well on Tuesday night, but it was a bit of a wake-up call that so much hinges on his health.But for those waiting to see the potential “Death Lineup” of the Lakers, the moment is nearly at hand. And it seems even Davis is willing to put personal preference aside to find out if it can live up to its potential.OLD-TIMEY RAPPORTWhen you deal with NBA stars, a lot of strange folks come into orbit.On Friday afternoon at shootaround, one of these oddballs, a caricature of a 1920s reporter called “Scoops Callahan,” who is played by Dallas-area radio host Tom Gribble, made an appearance. This gimmick has been around for nearly 15 years, but I have to admit that I was unaware of the bit.So imagine my surprise when during LeBron James’ media scrum a man’s voice rises above the din like a whipcrack. I offer the transcipt below:SCOOPS: “Champ, let me ask you about tonight: How do you and your hard-boiled cagers from Lakerland plan to put their lid on Luka Doncic and his razzmatazz skiddly-doo on the money-making end of the court?”JAMES: “Uhh, I don’t know if we can stop the razztazz skididdy-doo, but we can just make it tough on both of them, two great talents and hopefully we come through with a victory.” …SCOOPS: “Champ, did you know after your first 76 throwdowns, you and the Doncic both put 21 bushels in the basket per game and six dimes in the purse? Why, to this reporter that’s the bee’s knees!”JAMES: “That is the bee’s knees. You know, it’s good company. Good company. To be young in this league and to be able to have similar numbers after 76 throwdowns, I think it’s a pretty cool thing. So, he’s a great talent – Doncic – and hopefully, I was a great talent throughout my first 76 throwdowns too. Appreciate you.”James, of course, handled the questions without cracking like a pro. This reporter, however, might have lost some composure and might have had a few tears of laughter in his eyes.— Kyle GoonEditor’s note: Thanks for reading the Purple & Bold Lakers newsletter. To get the newsletter in your inbox, sign up free here.Dia Links MuertosPlaying hurt vs. playing smart – Anthony Davis clearly wants to show his toughness, but teammates aren’t pushing him to push himself too far.Kyle Kuzma to return – The Lakers are very excited for the third-year forward to hit the floor.A spotlight for himself – The look-back at the Brow’s big night against Memphis.History by the numbers – Mirjam dove into how impressive A.D.’s performance was historically.Dunked on – It would feel wrong if I didn’t share Bill Oram’s video of me challenging A.D. on his love for Jared Leto’s Joker portrayal – and his utter indifference to that discussion. Newsroom GuidelinesNews TipsContact UsReport an Error Editor’s note: This is the Nov. 1 edition of the Purple & Bold Lakers newsletter. To receive the newsletter in your inbox, sign up here.Maybe I’m just hooked.I’ve devoted a lot of space both in our publications and this newsletter to the question of what is Anthony Davis’ best position. He’s made it clear from the beginning that his preference is power forward, but as the NBA’s emphasis is pushed toward perimeter play, trends suggest he’s a center. The ongoing ideological struggle – along with Davis’ contract leverage over the Lakers this season – is a fascinating topic.However, we might be at a turning point: I’m not sure how many people on the Lakers even believe that their best lineups feature Davis at power forward.