Institutional tenders $200m Asian ex Japan equity mandate using IPE-Quest

first_imgTo tender, managers should have a minimum $2bn is assets under management for the mandate and a minimum of $5bn for the firm itself.Managers should also have a minimum track record of three years, preferably 10.Interested parties should supply performance data, gross of fees, to the end of 2013.The closing date for applications is 14 February.Meanwhile, in another search (QN1385), an undisclosed public sector pension fund in Switzerland tendered a CHF50m-75m (€41m-61m) global convertible bonds mandate.The investor requests an active strategy with a high gamma focus using the UBS Convertibles Global Focus as a benchmark.The manager should have a minimum of CHF1bn of AUM in convertibles, with a minimum fund AUM of CHF150m.Managers should have a minimum five-year track record, and performance data should be supplied, net of fees, to the end of 2013.The closing date for applications is 2 February. An undisclosed institutional investors has tendered a $200m (€146m) large-cap Asian ex Japan equity mandate using IPE-Quest.In search QN1384, the investor said it was looking for an active investment strategy and that it was agnostic towards style biases.It said strategies should not be quantitative driven and should explicitly focus on Asia ex Japan. Asia Pacific strategies will not qualify.The mandate requests the manager employ the MSCI AC Asia ex Japan index as a benchmark.last_img read more

University of Iowa hospitals looking at millions in loses from pandemic

first_imgIOWA CITY — Administrators at the University of Iowa Hospitals and Clinics gave the Iowa Board of Regents a report last week on the economic impact of the coronavirus outbreak.CEO Suresh Gunasekaran told the regents federal relief money has helped, and they had a strong position going into the pandemic, but  it still leaves them looking at a negative balance. “And the 83-million-dollar negative margin impact in these months we project will put our year-to-date margin at negative two million dollars for the year,” Gunasekaran says.A lot of the negative balance came after elective and scheduled surgeries were stopped. He says things are starting to improve, but it is unclear if they will get back to what they were before the COVID-19 outbreak. “UIHC is vulnerable to lose at a clip of between 10 and 20 million dollars a month is things don’t change,” he says. ” One of the questions we always get is ‘why can’t we just focus on breaking even?’ Breaking even would be positive compared to where we have been during this pandemic — but it is always important to understand that we use the first bit of margin to invest in necessary capital.”Gunasekaran says that it includes replacing equipment and necessary maintenance of buildings.He says the lingering impact of the pandemic could go on for months. “There’s a likelihood of a slower return to patients wanting to be seen in the clinic. The economic circumstances of patients may’ve changed during this pandemic and after this pandemic — which may affect their demand,” he says. Gunasekaran says they’ve come up with a plan that will change the way they have done business. This would include improving efficiency, extending hours at clinics, longer operating room hours, and more off-campus services.last_img read more

FUFA clears Green Light stadium as Onduparaka`s FC home ground

first_imgFILE PHOTO: Green Light stadiumKampala, Uganda | THE INDEPENDENT | The Federation of Uganda Football Association-FUFA has cleared Green Light stadium as the home ground of Onduparaka FC. This follows an inspection of the facility by the technical team from the federation.In August this year, FUFA declined to clear Green Light stadium as the home ground of Onduparaka FC, citing lack of toilets in the dressing rooms. As a result, Onduparaka FC played its first Uganda Premier league match this season against Police FC at Luzira grounds.However, the Federation has cleared the stadium to host premier league matches. In his September 03rd, 2019 letter, the Chief Executive Officer Uganda Premier league, Bernard Bainamani Bampire, says they have received green light to use the facility.He says the inspection shows that the facility passed the minimum requirements set by FUFA for any club to host the Uganda premier league fixtures. Mark Lulua, the Media Officer Onduparaka FC has welcomed the decision, saying it is good news for the club.According to Lulua, the club was bound to lose money in term of gate collection as well as local support because many of their fans find it costly to travel to Kampala to watch their games. Lulua explains that on average the club collects between Shillings 20 Million and 25 Million during each game at the Green Light stadium.*****URNShare on: WhatsApplast_img read more