Devon County Council Pension Fund has appointed Northern Trust for a global custody and securities lending mandate for the fund’s £3bn (€3.73bn) in assets.The appointment was made using the National LGPS Global Custodian Framework, Northern Trust said. Mark Gayler, assistant county treasurer at Devon County Council, said: “Northern Trust’s ability to provide high-quality tailored solutions to meet our specific requirements, combined with their leading expertise across the local government pension scheme sector, were key factors in their appointment.”On top of this, he said the custodian’s strong securities lending capabilities supported the pension fund’s aim of maximising its investment portfolio. Robert Frazer, head of Northern Trust’s institutional investor group for the US, said pension funds were increasingly looking for guidance, particularly with discussions that were now taking place about consolidation and boosting efficiency.Meanwhile, consultancy Inalytics said it has been appointed by four UK local authority pension funds, including the Cumbria and Warwickshire county council pension funds, to help them understand the level of fund managers’ investment skill.Mathew Dawson, acting treasury and pensions group manager at the Warwickshire pension fund, said the fund had chosen Inalytics’ service because it could show what was really behind a manager’s performance. “Whilst our active equity managers are both performing very well, demonstrating manager skill beyond the relative benchmark will provide clear evidence to the investment sub-committee,” he said.In other news, the London & Quadrant Housing Trust Staff Benefits Plan has put out an EU tender for pension administration and investment advisory services.The trustees of the affordable housing charity pension scheme are looking for a firm to provide pension administration, investment advice and actuarial support services for the pension plan, which has both defined benefit and defined contribution sections.The contract will potentially be for five years, including an initial three-year period, plus two one-year extensions.The 1,550-member scheme said it envisaged inviting between five and eight providers to tender or participate.Applicants will be asked to give details of technical ability, processes for ensuring quality and capacity.The applicant must also act as the scheme actuary, the pension fund said.The deadline for tenders is 22 July.
Published on September 1, 2017 at 7:30 pm Contact Charlie: [email protected] | @charliedisturco Facebook Twitter Google+ A Princeton through ball found Jeremy Colvin on a breakaway one-on-one with Hendrik Hilpert. Syracuse’s junior goalkeeper took a few steps forward and awaited the shot. Colvin fired and Hilpert, falling to the ground, saved the ball between his legs. He shot up and pushed transition.A few Syracuse passes later, the ball found a cutting Tajon Buchanan, who ripped a shot off the post. The ball trickled over the goal line and Syracuse maintained possession. A pass found John-Austin Ricks about 30 yards out Friday afternoon in SU’s 1-1 tie with Princeton. “It was a risk to take the shot from this distance at this time,” Hugo Delhommelle, the junior midfielder who corralled the Buchanan miss, said. “But if we don’t take the risk we don’t score.”The sophomore defender chipped a shot over all of the players pushing one another around the penalty area. Princeton’s goalie, Jacob Schachner, stepped back and dove backward. The ball fit perfectly over the hand of Schachner and under the crossbar to even the score in the 84th minute. Down a goal and shortly after a Kamal Miller red card, No. 8 Syracuse (2-0-1) tied the game and salvaged its home opener against Princeton (0-0-1) at SU Soccer Stadium. After two overtime periods went scoreless, the game ended 1-1. Miller’s red card sparked SU, whose offense completed its passes and locked down defensively to limit Princeton opportunities, something rarely seen in the first 70 minutes.AdvertisementThis is placeholder textPaul Schlesinger | Asst. Photo Editor“As soon as we went down a player I knew we needed to get back in the attack,” Ricks said. “I wanted to help in any way I could. Near the end of the game, I saw myself getting up into the attack.”The first half was marred with inconsistent passing and miscommunication between the Orange, which brings in 15 new faces compared to 12 returners. Using a 3-5-2 formation, or three defenders, five midfielders and two forwards, against another 3-5-2 creates a combative environment, SU head coach Ian McIntyre said.That led to missed passes that trickled out of bounds. Other times, Syracuse tried to find open holes and force passes that Princeton intercepted. The Orange lost its discipline and grew frustrated, McIntyre added, which dug themselves into a hole.That’s when the Tigers pushed, using through balls to create breakaways. Three times Miller, the junior and leader of the defense, was forced to slide and break up the through balls that otherwise would have led to one-on-one opportunities against Hilpert. But SU could only stop the through balls so many times.Princeton’s goal that broke the scoreless tie started just outside the penalty area. A backward heel-kick through ball created an open shot for Daniel Bowkett, but Hilpert deflected it. The ball trickled to his right to an unmarked Frankie DeRosa, who tapped the goal in with ease.Not five minutes later, Princeton’s corner kick ended in a collision between Miller and a Tigers player. The referee stopped the clock and blew his whistle as Miller walked by the referee. A red card was taken out of his back pocket and given to Miller for abusive language.“Traditionally you sit and let the other team have it,” McIntyre said. “I’ll be honest with you, today we went the opposite of that and we went brave and we went for the game. That was when we were the best.”Paul Schlesinger | Asst. Photo EditorSyracuse clicked after the red card was distributed to Miller. Passes were more crisp and the offense pushed back despite being a man-down. Buchanan used his skill moves to carve up the defense and shoot a game-high three shots. SU’s offense pushed and had four corner kicks after the ejection.Opportunities for the Tigers were limited, blocked away by SU’s defense, which gave up just two shots after Ricks’ goal. Even without their lead back Miller, the defense and Hilpert shut down the opposition.SU let off seven more shots after tying the game including a one-timer by Ricks that landed just wide of the net. The riskiness of attacking man-down creates open space in the backfield. One missed pass could have lead to an easy goal for Princeton. But keeping the Tigers on its toes and not allowing them control was well worth the risk, Ricks said.At this point we have nothing to lose,” Delhommelle added. “We have to give everything If we lose 3-0, we lose 3-0 without regrets. So we just went for it.“And it paid (off).” Comments