London CIV hires four managers for £6bn worth of mandates

first_imgThe authorisation sees the London CIV recognised as an alternative investment fund manager (AIFM), in line with the European Directive by the same name.Assets are held within an Authorised Contractual Scheme, the UK’s tax-transparent fund.Grover said a large part of the £6bn expected to be in London CIV sub-funds by the end of the financial year would be passively managed equities, overseen by Legal & General Investment Management (LGIM) and BlackRock.LGIM and BlackRock will each manage three sub-funds, he said.Baillie Gifford will be in charge of a second actively managed global equity sub-fund, as well as a standalone diversified growth fund.Grover added that the London CIV now employed six people and would hire a seventh soon.The new staff includes Julian Pendock as investment oversight director, and Brian Lee as COO.Pendock joins from the London council of Brent, where he was the council fund’s investment and pensions manager, a role he assumed after five years at Senhouse Capital, latterly as its CIO.He has also worked at JP Morgan Chase and Bedlam Asset Management.Bob Kerslake, former permanent secretary at the Department for Communities and Local Government (DCLG), will chair the London CIV’s board.Kerslake retired from the DCLG in February this year and, until September 2014, was head of the UK’s civil service.Prior to that, he was chief executive of Sheffield City Council, and chief executive of the Homes & Communities Agency, the public body in charge of affordable housing in England.Chris Bilsland and Eric MacKay have also joined the board, appointed as non-executive directors.Until 2013, Bisland was chamberlain of the City of London, the council’s financial director.MacKay is currently head of legal, risk and compliance at asset manager TT International, and was previously F&C’s chief risk officer. The London collective investment vehicle (CIV) for the capital’s local authority funds has named its first four managers, to be in charge of £6bn (€8.5bn) in equity mandates.Allianz Global Investors will be in charge of the first sub-fund to be launched by the London CIV.The active global equity fund has attracted more than £500m from three of the participating local government pension schemes, chief executive Hugh Grover said.Grover added that a further eight sub-funds were expected to be launched by the end of the financial year, possible after the Financial Conduct Authority (FCA) authorised the vehicle.last_img read more

Volunteers needed to help build playground

first_imgTORRANCE BARTLETT SENIOR CENTER WHAT: Activities include games, exercise, dances and more. WHERE: 1318 Cravens Ave., Torrance. WHEN: Open 8 a.m. to 4 p.m. Monday through Saturday; 12:30 to 4p.m. Sundays. INFORMATION: Call 310-320-5918. Nutrition WHAT: The Bartlett Cafe, featuring home-cooked meals prepared by a chef. WHERE: 1318 Cravens Ave. Torrance. WHEN: 11:30 a.m. Monday through Friday. INFORMATION: $2. Call 310-320-5918 for reservations and menu information. WHAT: Lite aerobic exercise class. WHERE: 1318 Cravens Ave., Torrance. WHEN: 8:10 to 9:10 a.m. Tuesdays and Thursdays. INFORMATION: Call 310-320-5918. Services WHAT: Free legal advice. WHERE: 1318 Cravens Ave., Torrance. WHEN: Call for appointment. INFORMATION: Call 310-320-5918 to make an appointment. WHAT: Focal Point on Aging is an information and referral program where older adults, caregivers and families can obtain access to a full range of available services, including transportation, housing and Meals-on-Wheels. WHERE: Russ Nolte Annex, 1339 Post Ave., next to the Bartlett Center. WHEN: 9 a.m. to 3 p.m. Monday through Friday. INFORMATION: No appointment necessary. Call 310-320-1300. HERMA TILLIM CENTER WHAT: Pinochle, canasta and table games. WHERE: 3614 Artesia Blvd., Torrance. WHEN: 9 a.m. to 4 p.m. Tuesday through Thursday. Classes WHAT: Crafts (with instructions). WHERE: 3614 Artesia Blvd., Torrance. WHEN: 9:30 to 11:30 a.m. Tuesdays. WHAT: Dancercise with Richard Simmons video. WHERE: 3614 Artesia Blvd., Torrance. WHEN: 9:30 to 10:30 a.m. Thursdays. INFORMATION: Call 310-329-1889 for information on the above classes. Fun and Games WHAT: Bridge games. WHEN: 9 a.m. to 4 p.m. Tuesdays. WHAT: Pinochle, Canasta and other table games. WHEN: 9 a.m. to 4 p.m. Wednesdays. WHAT: Bingo games. WHEN: Noon to 3 p.m. Thursdays. INFORMATION: Bring a canned good or nonperishable item worth about 50 cents. WHERE: Games are at 3614 Artesia Blvd., Torrance. INFORMATION: Call 310-329-1889. WHAT: Tillim movie matinee. WHERE: 3614 Artesia Blvd., Torrance. WHEN: 12:30 p.m. the first Wednesday of the month. INFORMATION: Call 310-329-1889. LITTLE COMPANY OF MARY HOSPITAL Resources/Services WHAT: HICAP MediCare insurance consultation, providing free counseling on insurance matters related to MediCare by trained and certified volunteers. WHERE: 4101 Torrance Blvd., Torrance. WHEN: 10 a.m. to 1 p.m. Thursdays. INFORMATION: Call 310-540-7676. CITY OF TORRANCE HELP Classes WHAT: “Life Planning for Grown-Ups” series offered by HELP, the nonprofit eldercare organization. Subjects include “Who’s In Charge?”; “You Can’t Take It With You” (second of 2 parts); “Long-Term Care Choices, Costs and Challenges” (2 parts). WHERE: Katy Geissert Civic Center Library community meeting room, 3301 Torrance Blvd., Torrance. WHEN: 2 to 4 p.m. Tuesdays through Oct. 16. INFORMATION: Call 310-618-5889 for reservations. Suggested donation is $10 per person per class. Upcoming Trips WHAT: Celebrity Homes Tour. See more than 40 stars’ homes in this narrated tour. After the tour, the group will go to Farmers Market and The Grove. WHERE: Exclusive neighborhoods throughout Los Angeles. WHEN: Bus departs Wilson Park, 2200 Crenshaw Blvd., at 8:30 a.m. Nov. 14 and returns about 4 p.m. INFORMATION: Cost is $68 per person. Call 310-329-1889 or 310-327-5452 to register. WHAT: Christmas in Cambria, featuring a tour of Hearst Castle followed by holiday shopping and the shops and galleries. WHERE: Bus departs from Wilson Park, 2200 Crenshaw Blvd. WHEN: Bus departs at 8 a.m. Dec. 3 and returns at approximately 4 p.m. Dec. 4. INFORMATION: Cost is $240 per person double occupancy or $300/single. Call 310-329-1889 or 310-327-5452 to register. TORRANCE ADULT EDUCATION Older Adult Program WHAT: Classes include physical and mental fitness, fine and applied arts, memoir writing, caregiver’s education. WHERE: J.H. Hull Adult Center, 2080 W. 231st St., Torrance. WHEN: Various times. INFORMATION: Call 310-972-6500, Ext. 8200. Adults with Disabilities WHAT: Program includes a class on independent living skills: stroke; and physical exercise, re-education and communication skills. WHERE: J.H. Hull Adult Center, 2080 W. 231st St., Torrance. WHEN: 12:30 to 3:30 p.m. Wednesdays. INFORMATION: Call 310-972-6500, Ext. 8200. WESTCHESTER WESTCHESTER-EMERSON COMMUNITY ADULT SCHOOL Classes WHAT: Physical Fitness for Older Adults. WHERE: Westchester Senior Center, 8740 Lincoln Blvd. WHEN: 10 a.m. to noon Mondays. INFORMATION: Free. Call 310-258-2000. WHAT: Commercial Acting for Older Adults. WHERE: Westchester Senior Center, 8740 Lincoln Blvd. WHEN: 1 to 4 p.m. Mondays. INFORMATION: $6 materials fee/semester. Call 310-258-2000. WHAT: Physical Fitness for Older Adults. WHERE: Westchester Recreation Center, 7000 W. Manchester Ave., Westchester. WHEN: 9:15 to 11:15 a.m. Tuesdays. INFORMATION: Free. Call 310-258-2000. WILMINGTON HARBOR CLUB WHAT: Activities include trips, dances, and raffles. WHERE: 1371 Eubank Ave., Wilmington. WHEN: 10:30 a.m. Mondays. INFORMATION: $20 annual membership fee. Call Jack Rubio at 310-830-7629. WILHALL SENIORS WHAT: Membership enrollment now open. The club offers travel, monthly Latino dances, dinner dances and many special events. WHERE: Wilhall Recreation Center, 325 Neptune Ave., Wilmington. WHEN: 10 a.m. Thursdays. INFORMATION: Call Mary Ann Reyes at 310-835-1281 for more details. BANNING MANOR SENIOR CLUB WHAT: Club has monthly trips, potlucks, birthday celebrations and social activities. WHERE: Banning Recreation Center, 1331 Eubank St., Wilmington. WHEN: 10:30 a.m. to noon Mondays. INFORMATION: Membership open to all seniors. Call 310-835-9628 or 310-834-0857. SUNSHINE SENIORS WHAT: Club offers bingo after meetings, fun trips, and Sunday dancing. WHERE: 1130 Anaheim St., (VFW Room), Wilmington. WHEN: 1 to 4 p.m. the first and third Tuesdays of the month. INFORMATION: Club membership open all year. Call 310-543-2870. Upcoming trips WHAT: East Los Angeles Tamale Festival. WHEN: Nov. 10. WHERE: Buses depart from the Metro lot at the corner of Pacific Coast Highway and Figueroa Street in Wilmington. INFORMATION: Call Bette King at 310-543-2870. WILMINGTON ADULT DAY CARE WHAT: Community Caregiver support group. WHERE: 1148 N. Avalon Blvd., Wilmington. WHEN: 6 to 8 p.m. the third Wednesday of the month. INFORMATION: Call 310-856-3520. -Sandy Gerety Due to space constraints, cities appear on a rotating basis. Send items for Senior Calendar at least two weeks in advance, to South Bay Senior Services, 2510 W. 237th St., Suite 204, Torrance, CA 90505, call 310-325-2141 or fax to 310-325-5408. Items must be of general interest and open to the public. Items sent directly to the Daily Breeze will not be included. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more


first_imgCharlie McConalogue says a new Bill put forward by his party will see the Tenant Purchase Scheme radically overhauled and improved. The scheme is designed to facilitate local authority tenants buy their homes, but has received little pick up because of a raft of restrictions. The Housing (Sale of Local Authority Housing) Bill 2016 seeks to address outstanding issues with income limits, age barriers and the fact that voluntary housing tenants are barred from the scheme as it currently stands.Deputy McConalogue commented, “There have been a series of issues with the Tenant Purchase Scheme since it was introduced earlier this year.  In fact there have only been 73 applications to the scheme over the past six months.  Considering the fact that thousands of families would be eligible to apply for the scheme, the low take up is a clear indication that it is simply not working.“There are a range of age and income restrictions which have deterred people in Donegal from applying and our Bill seeks to address those.  We will open up the scheme to include voluntary housing body tenants and will examine what changes can be made to the age and income limits.“There are many benefits in supporting local authority tenants to buy their own homes.  It gives them a sense of security and helps foster sustainable communities.  The scheme to date has been too exclusive but our Bill will ensure that more people in Donegal and across the country will be given the opportunity to buy their homes. “We hope that all parties will support this Bill and allow it to progress.  It is one element in a greater package of measures that is needed to urgently address the housing crisis, and I am calling on TDs here in Donegal and across the Dáil Chamber to row in behind this legislation”. CHARLIE MCCONALOGUE PUSHES FOR REFORM OF THE TENANT PURCHASE SCHEME was last modified: July 4th, 2016 by Mark ForkerShare 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:Charlie McConaloguedonegalfianna failtenant purchase schemethe housing bill 2016last_img read more