The firm said its international study was one of the most detailed ever done on the subject and gave an indication of the overall size of these costs for the first time.John Simmonds, UK principal at CEM Benchmarking, said: “Transaction costs make up a significant part of the investment costs incurred by institutional asset owners.”Where individual asset owners sat in the range of transaction costs revealed in the study depended on asset mix, volumes of trades, estimates of spreads – or simply whether they were paying more or less than others for similar activities.“These criteria are all possible to monitor and manage as part of regular cost assessment, so institutional investors need to better understand these costs and the factors that drive them,” Simmonds said.He added that there had been a push for cost transparency around the world, but getting the data was the first and hardest part of this effort. “What comes next is a comparison with others on a sensible basis to determine if those costs are reasonable,” he said.Data from the regulator in the Netherlands – which places a particular emphasis on cost efficiency – showed that, in 2017, schemes spent an average 38.5bps on asset management costs. However, this ranged from 9bps to 162bps across the 231-fund sample.Similarly, transaction costs averaged 9bps, but ranged from 1bps to 40bps. Asset owners need to understand the material nature of transaction costs to their overall investment bills, according to a new study by CEM Benchmarking.In a report on the impact of transaction costs among large asset owners around the world, the data and analysis company found that transaction-related charges made up an average of 24% of the total cost of investing.Across its sample of 19 pension funds and sovereign wealth funds running more than €2.2trn, asset owners paid an average 86.3 basis points for investments, of which 20.2bps on average went to transaction costs.This was around the same level as performance fees and about half that of base manager fees or internal management costs, CEM Benchmarking said.
In a separate statement on Monday, Hess oil company informed that all production coming into the Garden Banks Gas Pipeline system also remains shut in until further notice.The Enbridge Offshore-operated Garden Banks Gas Pipeline extends from Garden Banks Block 128 to South Marsh Island Block 76, where it interconnects with four existing interstate pipelines to move gas onshore.The pipeline transports production originating from the Auger platform in Garden Banks Block 426, the Enchilada platform in Garden Banks Block 128, the Baldpate platform in Garden Banks Block 260, the platform in South Marsh Island (SMI192) and the Magnolia Platform in Garden Banks 783.Hess production is shut in at its Baldpate, Conger and Penn State fields. Production is also shut in at the Shell-operated Llano Field (Hess 50 percent interest). Hess production at these fields is approximately 30 thousand barrels of oil equivalent per day.Hess added it continues to work closely with the operator to understand the timing for a restart.Offshore Energy Today Staff Other operators affected Following a fire on the Shell-operated Enchilada platform in the Gulf of Mexico last week, Shell is standing down its emergency response activities and developing a plan to repair the damage. To remind, two workers were injured in the fire incident on the Gulf of Mexico platform associated with a 30-inch gas export pipeline. Due to the fire, Shell shut in the Enchilada platform and all associated production as well as production at Auger and Salsa platforms and nearby fields.After the fire was extinguished, Shell continued monitoring the platform and then started preparing for a detailed inspection of the infrastructure.On Saturday, November 11 an assessment team confirmed isolation of the platform from the 30-inch gas export pipeline and no presence of uncontained hydrocarbons.Shell said on Sunday it was in the process of developing a plan for repairing the damaged portions of the asset and re-deploying personnel but there was no timeline to resume normal operations.More than 70 people from Shell and the United States Coast Guard worked together to respond to this incident. Throughout the response, Shell did not observe any signs of oil on the water associated with this incident.Shell and the U.S. Bureau of Safety and the Environmental Enforcement (BSEE) are investigating the cause of the incident.
RelatedPosts Nigeria dying under Buhari’s jackboot, by Tunde Odesola Nigeria: We can’t breathe, by Gabriel Agbo Yes, Nigeria is collapsing forward, by Femi Adesina Nigeria U-23 football team on Tuesday defeated their counterpart from Sudan, 5-0 in the second leg of their 2020 Tokyo Olympic qualifier. The match, which was played at the main bowl of the Stephen Keshi Stadium in Asaba, saw the Nigerian team dominating the entire 90 minutes regulation time. In the 13 minute of the first half, Taiwo Awoniyi opened scoring for Nigeria with a beautiful header that left the Sudanese goalkeeper stranded. In the 25th minute, Ndifreke Effiong out-jumped two Sudanese defenders inside the 18-yard box to head home goal number two for Nigeria. Effiong, who was arguably the best Nigeria player of the match, scored his second goal in the 44th minute when he slotted in a cross from Awoniyi. Nigeria 4th goal came in the 67th minute when Sunday Felaye came off the bench to score with a superb volley. The Nigeria team scored its 5th goal through Sanusi Ibrahim in the 69th minute to seal victory for Nigeria. In the 72th minute, Nigeria team captain, Kelechi Nwakali was substituted; he was replaced by Fatai Gbadamosi.Tags: 2020 Tokyo OlympicNigeriaStephen Keshi StadiumSudan
Facebook Twitter Google+ In the game in which he scored a career-high in points, it was a bump on one of Kevin Rice’s teammates that set him off.Early into the third quarter, Marist midfielder Mike Begley leaned his left shoulder into Syracuse faceoff specialist Ben Williams on the run, causing Williams to fall to the ground.Rice confronted the Red Foxes’ faceoff man Dominic Montemurro after the play in a moment that was the culmination of what Rice called a “chippy” game. As he jogged to the sideline for his 30-second penalty, SU head coach John Desko violently clapped his hands together and loudly scolded at his senior captian.“Just in these playoff games we want to take advantage of everything we can,” Desko said of his message to Rice.“Obviously I overreacted a little too much,” Rice added. “I should’ve just gone in there to make sure Ben was alright.”AdvertisementThis is placeholder textFrom that moment on, Rice collected two goals and two assists to round out the quarter and give him nine points on the night. The break in character from the usually stoic Rice helped launch second-seeded Syracuse (13-2, 2-2 Atlantic Coast) over Marist (14-4, 6-0 Metro Atlantic), 20-8, in the Orange’s opening game of the NCAA tournament on Sunday night in front of 2,555 fans at the Carrier Dome.Rice dished off two assists and scored twice in the second quarter as a part of SU’s 10-0 run that lasted nearly 23 minutes.“He’s the whole package,” Red Foxes attack Joseph Radin said. “He can score, pass, and makes his teammates better all-around.”Rice didn’t produce anything offensively until the second quarter, and the Red Foxes actually opened the scoring in the contest before two minutes had gone by. The sparse, but rambunctious contingent of Red Foxes fans roared as the Marist players viciously bumped helmets and shoulders on the sideline.But as the deficit quickly grew for Marist, it was as if the Red Foxes tried to compensate by bringing out their sideline physicality on the field. In Rice’s offensive spree in the second quarter, his first goal was immediately followed with a body check from behind delivered by Marist defender Ben Willett.SU’s senior attack sprawled on the ground momentarily before popping up and celebrating with his teammates. Ultimately it turned out to be the prequel to his confrontation with Montemurro.“I just wasn’t into the game too much yet,” Rice said “… That hit sometimes wakes you up a little bit and gets in the blood flowing.“I think it just kick-started my game.”Before he was laid out across the crease, Rice was able to bank on his fellow attack and midfielders while he tried to work out of his early-game groove. Syracuse had built a five-goal lead before Rice’s name ever appeared on the stats sheet.He reestablished himself and amassed five points by the time he was forced to serve his 30-second penalty for unsportsmanlike conduct. A six-goal deficit for Marist at the time didn’t mean the game was out of reach, but Rice took it upon himself to make it that way after his half-minute sabbatical.Attacks Randy Staats and Dylan Donahue teamed up upon Rice’s return to grow the Orange lead to seven. Rice then contributed four consecutive points and lofted the Orange’s lead over Marist to 10 when he converted on a Jeff Desko pass with two minutes left in the third quarter.His poise had returned, and the difference in Rice was stark from the beginning of the game. Syracuse and Rice got by unscathed in its opening-round win, but the message from the senior was clear that the ordeal was one he’ll move past with ease.“Coach had every right to be angry with me, it was a stupid play in a close game that could cost us.“That’s a mistake that I won’t make again.” Comments Published on May 11, 2015 at 12:29 am Contact Connor: firstname.lastname@example.org | @connorgrossman
Golden-Kilfeacle and Galtee Rovers/Emly meet at a venue yet to be determined.All of the these matches were due to take place over the weekend just gone. It’s been confirmed that the South U21B Hurling Final between Killenaule and Anner Gaels will take place in Monroe on St Stephen’s Day – throw-in is at 1 o’clock.The U21A clash between St Mary’s and Mullinahone in Kilsheelan is also scheduled for next Saturday and gets underway at the same time. In the West the U21B Hurling Division 2 Semi-Final takes place on the day after Christmas too.
Charles Leclercferrariformula onelewis hamilton First Published: October 27, 2019, 12:54 AM IST Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. Mexico City: Max Verstappen took pole position and Valtteri Bottas crashed heavily in the final seconds of Saturday’s dramatic qualifying session for Sunday’s Mexican Grand Prix.The Dutchman, who is chasing a hat-trick of Mexican triumphs for Red Bull, outpaced the Ferraris of Charles Leclerc and Sebastian Vettel with a best lap in one minute and 14.758 seconds. Verstappen’s success consoled him for missing out on pole at the same event last year when he was beaten by his then team-mate Daniel Ricciardo, now with Renault, and gives him a great chance to add to his wins in 2017 and 2018.VERSTAPPEN: “To come out on top is incredible! A huge thank you to the team, they worked very hard. We showed today that we are very quick”#MexicoGP 🇲🇽 #F1 pic.twitter.com/uv8Ub1V0Vn— Formula 1 (@F1) October 26, 2019 Lewis Hamilton qualified in fourth place in his Mercedes, the champion-elect never finding the pace to challenge for a front row grid position, ahead of Red Bull’s Alex Albon and Bottas who was sixth.Hamilton will wrap up his sixth drivers world title if he can finish on the podium and 14 points ahead of Bottas, his only remaining rival this year.Bottas lost control of his Mercedes at the high-speed sweeping Peraltada corner, veering off track and into the barriers. He sat still in his car for several minutes, breathing heavily, before he climbed out.Carlos Sainz was seventh ahead of his McLaren team-mate Lando Norris and the two Toro Rossos of Daniil Kvyat and Pierre Gasly.
This is a post from a member of the Freelancers Union community. If you’re interested in sharing your expertise, your story, or some advice you think will help a fellow freelancer out, feel free to send your blog post to us here.Having “come up” in Corporate America, when I embarked on my freelance career I took it for granted that everyone else running a freelance business inherently understood the basic tenets of account management. As I began to spend more time on freelance forums, I realized the path to freelancing can take many forms—rarely a straight line from office job to home office, with many either moving directly into freelancing as a first-foray into the working world, or coming from completely unrelated fields to land on a specific business niche.One of my unique selling propositions (USPs) is my ability to leverage the discipline and flexibility I gained from working in a corporate environment—tight deadlines, design-by-committee, office politics, ego massaging, compromise and much more—to deliver high quality work in an on-time, on-message and on-budget manner.The biggest of these disciplines is skillful follow-up. The fact is, if you’re trying to land more sophisticated and higher-paying business clients, you need to operate your business more like they do. Incorporating effective follow-up (not too much, not too little) can help position you as a consummate professional worthy of landing that big account.Follow up, Follow up, Follow upTo many, follow-up in its many forms is an inherent best practice, but a surprising number of practitioners skip this step, feeling like they’re “bothering” clients and prospects, or, frankly, skipping it to save time or effort.I promise you that mastering the art of effective follow-up will pay exponential dividends. What defines effective follow-up and how can you incorporate it into your freelancing practice?There are a few points along the client’s lifecycle that provide the perfect opportunity for follow-up. Here are some key times to follow up that you may not think about:After you’ve responded to an inbound inquiry from a prospectYou’ve answered the prospect’s initial inquiry and then it’s crickets for the next couple of days… weeks… months…forever.Don’t throw your hands up! There was a reason that client reached out to you; it’s now your job to dig deeper to find out what challenge they were trying to solve. Don’t automatically assume something you said put the prospect off. There are potentially many reasons why prospects get cold feet, and while sometimes it can be due to pricing concerns or other reasons related to your services, quite often busy professionals are just that: busy.Make it your best practice to always think about how you can add value by making your prospects’ and clients’ jobs easier. You can help facilitate your busy prospect’s search for a new partner by proactively prompting them to make a decision.The simple act of sending an email a few days after the initial response to ensure they received the requested information and to ask if there are any other questions you can answer will often net you a grateful response for reminding them to get this particular task done—and they’ll appreciate your eagerness and organization.After you’ve been rejectedWhile this is a bitter pill to swallow, your follow-up efforts here will either net you answers you can use to improve your services or can even save the account.I once had an agency client that regularly hammered me with jobs suddenly go silent. Since it was summer, I first assumed it may just have been the summer slump. Putting my marketing hat on, I crafted a summertime promotion to existing clients offering a discount to keep work flowing in. When my efforts still did not get a response from this particular client, I swallowed my pride and reached out directly to the president letting him know I was checking in to see if I had displeased him in some way, offering a 50 percent discount on the next project to make it right.Within five minutes, I received a reply explaining that due to a miscommunication between one of their account managers and me regarding a project, they had experienced an issue with one of their clients. I was grateful for the opportunity to explain my side of the story and as a bonus, the agency agreed we could work together again.Along the same lines, when bidding for a new project, never skulk away after you’ve been rejected. First and foremost, thank the prospect for the opportunity and their time. Second, ask what you could have done differently, and third, ask for another opportunity. What’s the worst that can happen?The moral of this story is to always be searching—never assume anything. Always be searching for projects, clients, answers and information that you can use to build your business—even if it stings.When you’ve shipped the project off and now it’s radio silenceYou’ve completed the project and shipped it off—it’s Miller Time, right? Not so fast. Even if you’ve been paid promptly, if you haven’t received any feedback on your work from the client, you should check in. In many cases, your busy client is simply satisfied and has moved on to the next task on her to-do list, but in some cases, there could be an issue or misunderstanding that your client simply doesn’t want to address face-to-face.If you’re thinking about the long game—repeat work and referrals—you need to sniff out and address any dissatisfaction before it escalates. Besides, checking in with your client after shipping off a project is a great way stay top-of-mind with them.Final ThoughtsAs small business owners we wear many hats, but never let a lack of time keep you from implementing a disciplined follow-up routine. And, while it’s important to maintain a constant and open line of communication with prospects and clients, it’s equally important to know when to cut the line.There’s no set-in-stone formula for just the right level of follow-up, but with practice and testing, you’ll gain the confidence needed to lose your fear of constructive criticism and to fine-tune your senses to pick up on subtle queues that tell you when you may be becoming annoying.Tiffany Taylor specializes in B2B technology and financial services writing, turning complex concepts into engaging content your clients and prospects want to consume.