It added that it would take environmental, social and governance concerns into consideration and not consider exposure to nuclear energy, prisons or military developments, instead focusing on energy, transport, communication and social infrastructure assets – with the aim of achieving inflation-linked returns.Managing director Markus Anliker told IPE the fund’s six-strong investment committee would be staffed by representatives of both the infrastructure industry and pension funds backing the venture.Christian Stark of MPK will chair the board, sitting alongside B Capital Partners founder Barbara Weber and Peter Voser of Aargauische Pensionskasse, who, as IST’s representative, will not have a vote.Dalmore Capital chief executive Michael Ryan, the infrastructure manager behind the UK pension association’s Pension Infrastructure Platform, will also sit on the board, as will Jeffrey Parker, formerly of Ernst & Young Infrastructure Advisors, and Martin Rey.The investment committee will seek advice on deals from two unnamed advisers, appointed following searches conducted through IPE-Quest – one for direct and one for secondary investments.Anliker said the fund would concentrate on brownfield investments but also consider the secondaries market during its growth phase.“In future, the plan is to only invest directly,” he said. “That’s the goal – either direct or co-investments.” Five of Switzerland’s largest pension funds are behind a new CHF300m (€247m) infrastructure fund, which aims to invest one-third of its capital domestically.The fund, launched by the not-for-profit IST Investment Foundation, said the first close had attracted commitments from investors including the CHF20bn Migros Pensionskasse (MPK) and Luzerner Pensionskasse, the CHF5.9bn fund for employees of the canton.The CHF4.7bn pension fund for the Swiss energy sector, PKE, and the funds for pharmaceutical giant Roche and retailer Manor also provided capital towards the initial close.IST said in a statement that IST3 Infrastruktur Global would target assets across OECD member states, with a 30% bias towards Switzerland.
Related Articles StumbleUpon Share UK government backs £100m RET commitment from ‘big four’ June 15, 2020 After 24 hours of turmoil in the Conservative Party, a Cabinet reshuffle saw the former Attorney General, Jeremy Wright appointed to the role of Secretary of State for Digital, Culture, Media and Sport (DCMS). The MP for Kenilworth and Southam replaced Matt Hancock in the role, who departed to take over as Health Secretary, after Jeremy Hunt took over as Foreign Secretary, as Boris Johnson tenured his resignation in protest over the Prime Minister’s Brexit proposals. Having been appointed to the role, Wright issued the following statement on his Facebook page: “Very excited to be starting a new job this morning as Secretary of State at the Department for Digital, Culture, Media and Sport, a department whose work has a huge impact on our heritage, the things we enjoy now and on our national future.”In a comment issued after Wright’s hiring, The Association of British Bookmakers (ABB) emphasised: “We look forward to working with the new Secretary of State, Jeremy Wright QC, MP to ensure a sustainable and responsible retail betting industry.“Betting shops are facing a massive threat as the new maximum stake on gaming machines will result in thousands of shop closures, job losses and significant economic consequences for horse and greyhound racing.“It is vital that we work with the Secretary of State and his department to mitigate these impacts where possible and ensure that betting shops remain one of the safest environments in which to gamble in the UK.” Share Jason Shiers, UKAT – Progress on problem gambling requires a deeper consciousness July 22, 2020 Submit BHA cautious on racing resumption date amid mid-May rumours May 6, 2020
Colorado has dropped off significantly since 2018. The Rockies were 91-72 last year and finished second to the Dodgers in the National League West. But this year they are dead-last in the division with a 51-59 record. Making the postseason is an afterthought at this point.Black is hoping that throwing a new arm like Oberg’s into the mix can give the Rockies a spark late in games. A right-hander, Oberg, 29, is 5-1 with a 1.56 ERA in 45 appearances this season. “For the time being, Scott Oberg will look to pitch later in the game, potentially in the ninth inning,” Black said. “Wade is going to take a step back, and we will see where this goes for the short term.” Astros’ Zack Greinke excited to watch ‘good baseball’ in Houston Davis has a 6.82 ERA this season and an abysmal 11.29 ERA at Coors Field. The three-time All-Star is 1-5 and has 15 saves in 36 appearances. He recorded a National League-best 43 saves in 2018 but has struggled to replicate that success. Related News It appears Wade Davis will be getting a role change, at least according to Rockies manager Bud Black.Black announced before Friday’s game against the Giants that Davis is being removed from his closer spot, as he just hasn’t been cutting it down the stretch. David Dahl injury update: X-rays negative after Rockies outfielder carted off field, Bud Black says
Along with exclamations like “hocus pocus,” “shazam,” and “presto,” the word “abracadabra” is one of the most common expressions associated with magic and illusionism. The term, which nowadays usually marks the finale of a magicians trick and implies that a mysterious magical power has been summoned to perform some kind of a transformation, has found its way deep into popular culture and has been used as a magical incantation in countless books, films, and TV shows. For example, the term “avada kedavra,” the unforgivable killing curse from J. K. Rowling’s globally famous Harry Potter franchise, is not meaningless in the real world; it is actually an Aramaic version of “abracadabra” and means “let the thing be destroyed.”Most popular terms associated with magic tricks have been introduced fairly recently: “hocus pocus” has been used since the early 17th century as a supposed supernatural charm, “hey presto” was devised by the British illusionists of the mid-18th century, and “shazam” was invented in the 1940s by stage magicians of the time. However, “abracadabra” has been around since ancient times.Serenus Sammonicus advocated the use of abracadabra as a literary amulet against fever. Photo by Il Dottore CC BY-SA 3.0Its exact origin remains unknown, but its first use in written form occurred in the early third century AD when Serenus Sammonicus, the personal physician to the Roman emperor Caracalla, mentioned it in his book Liber Medicinalis (“The Book on Medicine”).In chapter 51, Sammonicus suggested that those who suffered from malaria, one of the oldest known diseases, first described by the ancient Chinese Canon of Medicine around the year 2700 BC, should wear amulets inscribed with the word “abracadabra” written in the shape of a triangle.Parents Trick Toddler Girl Into Thinking She Has Magical PowersMalaria was one of the leading causes of death in many regions of the Roman Empire, and since magic and mysticism were seen as vital parts of medicine, abracadabra amulets were immediately accepted as an effective cure for the deadly disease, even though they were essentially nothing more than ornamented jewelry.In fact, Emperor Caracalla himself was the first person to wear such an amulet, although he never suffered from malaria. He simply believed that the word possessed strong remedial properties and that it could protect the wearer of the amulet from various diseases, curses, and injuries.Portrait of the emperor Caracalla from a statue reworked as a bust. Photo by Marie-Lan Nguyen CC BY 2.5This belief quickly spread across entire Roman Empire, and people of all classes eagerly spent their earnings on abracadabra amulets and talismans, hoping that these trinkets would keep them safe from harm. Caracalla’s successors, emperors Geta and Severus Alexander, also followed the medical teachings of Sammonicus and continued the superstitious tradition of their predecessor.Abracadabra became synonymous with health and protection, and its popularity soon reached beyond the borders of the Roman Empire. Over time, the incantation implemented itself into the folklore of many European nations and was used for a variety of purposes.“Bring Out Your Dead.” A street during the Great Plague in London, 1665, with a death cart and mourners. Photo by Wellcome Images CC-BY 4.0For example, during the Great Plague of London, which lasted for 18 months in 1665 and 1666 and killed as many as 100,000 people, many people believed that they could prevent the plague from entering their homes by writing the magical word “abracadabra” on their doors.This, of course, didn’t work: the only thing that the supposedly protective word gave to the thousands of desperate Londoners was a tiny speck of hope during a time of nationwide hopelessness.Lid with an Aramaic magical script.The word abracadabra is usually associated with tricks, illusions, and stage magic. Most people are unaware of the fact that the term has survived a long and turbulent history and was once associated with healing powers, esotericism, and the supernatural.Read another story from us: Untouched Roman tomb uncovered by a bulldozerUnfortunately for all the people who ever used it to try and cure their ailments, it was as unsuccessful as any other magical word or incantation. Nowadays, both malaria and the plague are treatable through various kinds of medicines, and, sadly, none of these medicines involve magic.