Webworms

first_imgBy Bob Westerfield University of GeorgiaSpiders aren’t the only web-weavers. Fall webworms weave webs, too. Their webs, spun in shade trees and ornamentals, leave plants defoliated and landscapes unsightly.Webworms enclose leaves and small branches in their light gray, silken webs. Persistent infestations of individual trees may cause limb and branch dieback.Native to North American and Mexico, fall webworms feed on more than 100 species of forest and shade trees. In the eastern U.S., pecan, walnut, American elm, hickory, fruit trees and some maples are preferred hosts. In some areas, persimmon and sweetgum are favored, too. In the west, alder, willow, cottonwood and fruit trees are commonly attacked.Newly hatched larvae immediately spin a silken web over the foliage on which they feed. As larvae grow, they enlarge the web to enclose more foliage. On heavily infested trees, webs may enclose several branches. Full-grown larvae may reach 1 inch or more in length. Larvae are covered with long, silky gray hairs arising in tufts from orange-yellow or black tubercles. Their head color varies from red to black. This pest overwinters in the pupal stage. Pupae are usually in the ground but can be found in old nest remains, under loose bark and in leaf litter. The adults emerge from late May into July. Adult moths have wingspans between 1.4–1.7 inches. The bases of the front legs are orange or bright yellow. In the southern part of its range, the moth is white with dark wing spots. Those in the northern range are usually pure white and were once thought to be a separate species. Adults appear in most areas from May to August and deposit their eggs in hair-covered masses of several hundred each, usually on the underside of host leaves. In southern states, adults can emerge as early as mid-March and produce up to four generations in a year.Eggs are usually deposited in single or double layers on the undersurface of leaves. The mass is lightly covered with scales from the female’s abdomen. The eggs hatch in about a week and the small mass of caterpillars cover single leaves and strip them clean. As the caterpillars grow, they web over more leaves and eat the entire leaf. The larvae mature in about six weeks. Then they drop to the ground to pupate. Moths emerge over an extended period in two generations. Though the webs are very ugly, most trees damage is insignificant. However, in southern states multiple generations of attack can severely defoliate trees, so control measures are needed. Small nests can be pruned out of small to medium trees. Monitor trees early to find nests when only a few leaves are affected. These small nests are easily crushed. Don’t burn or touch the nests in trees. That can cause tree damage. Bacterial insecticide Bt (Bacillus thuringiensis) is quite effective against fall webworms. Apply it to the nest. Thoroughly cover leaves next to nests. When worms eat sprayed leaves, they ingest the Bt.Most standard insecticide spray applicators blow nests out of trees with a strong jet of insecticide mix. While this generally works, often more spray is used than is needed. Find nests early, wet the nest and cover nearby foliage. Extensive nests in tall trees are hard to spray with ground equipment. Treat these with an injection or a translocated systemic applied to the soil for root uptake.(Bob Westerfield is the consumer horticulturist with University of Georgia Cooperative Extension.)last_img read more

Brazil Creates an Anti-Piracy Force Following Attacks on the Amazonas River

first_img Brazilian authorities have created an anti-piracy unit targeting attacks on the Amazonas River in the northern state of Pará. The unit will begin to operate in June in the strategic area of Belém’s Guajará Bay and will enable the security forces to respond to these criminal actions more quickly. The unit is composed of eight vessels and fifty police officers, according to the daily The Guardian. This unit became public knowledge after the most recent attack last week, in which eleven heavily armed robbers assaulted a passenger ship en route to the city of Belém. Joao Bosco Rodrigues, head of the specialist police division in Pará, affirmed that the unit is another tool with which to “combat and prevent” pirate activity in the Amazon region. “This group will be there to react to any kind of demand on our rivers,” he declared to the British daily. Witnesses to the most recent attack affirmed that the robbers traveled in small motorboats, firing into the air. Once on board, they threatened to shoot the 140 passengers, who included adults and children. “They humiliated everybody,” passenger Artur Cesar affirmed to the Diário do Pará [Pará Daily]. “They put guns to the children’s heads and even said they would cut the fingers off those who didn’t hand over their rings. There were pistols, revolvers, lots of weapons.” Benivaldo Carvalho said that he was struck on the head by the pirates. “It was two hours of terror, humiliation, and powerlessness. They pointed their guns at us and said they were going to kill us.” The targeting of the Brazilian Amazon by pirates already made headlines in 2001 with the murder of Sir Peter Blake, a famous sailor and ecologist who was shot by a gang known as ‘the water rats.’ In March of this year, a young sailor was murdered when two boatloads of pirates boarded his vessel. By Dialogo June 22, 2011last_img read more

Naples bank waives service charges on IOTA accounts

first_imgNaples bank waives service charges on IOTA accounts Associate Editor Citizens Community Bank in Naples apparently believes that the “community” in its title is more than a word.And that’s good news for Florida lawyers looking to boost the returns on their IOTA accounts.The bank is offering its “Escrow Management Account Service” and “IOTA Plus Program” to law firms, according to bank Vice President Ray Schwedhelm.The premise is simple. At a time when most banks are paying well under one percent on IOTA accounts and then deducting from that service charges, and at least one major bank charges more for services than earned by interest, the Naples bank plans to do better.Citizens Community Bank, Schwedhelm said, is waiving all service charges for its trust fund deposits. And it will pay 2.5 percent interest — almost three times the state average. And as an additional bonus, the bank is making a separate contribution to Florida Rural Legal Services, Inc., and the Legal Aid Society of Collier County. Both those organizations are beneficiaries of The Florida Bar Foundation’s legal aid to the poor grants through its IOTA program.“As an independent community bank in Collier County, we are concerned about our neighbors in more ways than just one,” Schwedhelm said. “The Golden Rule is very important to us in building long-term relationships that are truly win-win for all parties.”The win for the law firms, he said, is not only will the program boost income for the Foundation’s IOTA program and directly provide funds for Florida Rural Legal Services and Collier County Legal Aid, but the Escrow Management Account Service takes over much of the paperwork lawyers face in managing their trust accounts. (If the interest generated can be economically attributed to clients and therefore is not part of the IOTA program, then the account will boost their interest earnings.)The Foundation, supported by the Bar Board of Governors and the Young Lawyers Division, has embarked on a campaign to encourage lawyers with trust accounts exceeding $100,000 to invest in sweep accounts, which currently earn four to six percent returns, but also have higher expenses.The CCB program, however, is open to all trust accounts, regardless of size.Aside from the better interest, Schwedhelm said, the bank is trying to make the administration and paperwork of trust accounting easier for lawyers.“The escrow management service simplifies the back office record keeping of escrow accounts,” he said. “There is one master account and under that one master account, an attorney can establish a variety of subaccounts for individual clients. On a monthly basis, Citizens Community Bank provides the attorney with a statement that shows interest earned for each subaccount, not only for the month, but for the life of the account.”Frequently, attorneys open a new trust account for each client, with the resulting necessity for a trip to the bank, signing signature cards and other paperwork avoided with the CCB plan, he said.The bank also prepares 1099 forms at the end of the year and has a courier service to pick up deposits, which are posted to the subaccounts on the same day, Schwedhelm said, and checks can be cut or wire transfers made on instructions from the attorney.The IOTA program is not the first effort of the bank to tie banking services to a charity. The bank continues to offer customers a nine-month certificate of deposit. Those taking advantage get a higher, one-year interest rate and free checking. In addition, the bank donates an additional 0.25 percent to the March of Dimes.So far, there has been considerable interest in the new IOTA account program, Schwedhelm said, and he added that the bank can work with interested law firms and lawyers anywhere in the state.Schwedhelm can be contacted by calling (941) 430-1773 or by writing him at Citizens Community Bank, 2373 Tamiami Trail North, Suite 100, Naples 34103. Naples bank waives service charges on IOTA accounts September 1, 2000 Gary Blankenship Associate Editor Regular Newslast_img read more

2020 DE Day of Service recap

first_imgOn June 10, Credit Union Development Educators (DEs) from around the globe came together to make an incredible impact in their communities in celebration of the 5th annual DE Day of Service.Each year on Day of Service, credit union leaders who graduate from the Foundation’s Credit Union Development Education (DE) Program are encouraged to complete projects, volunteer, and commit to acts of kindness within our credit unions and communities. These activities address the 12 Development Issues or challenges that serve as barriers to financial well-being. The Development Issues include credit, diversity & equity, education, employment, environment, health, housing, hunger, inclusion, savings, technology, and transportation.We know that this year’s service in our communities and DE Day of Service look very different than years past. While many things are being canceled or rescheduled due to COVID, DEs felt it was important to be creative in order to help our colleagues, members and communities that need us now more than ever. In preparation for this year’s Day of Service, the Foundation prepared a list of ways for DEs to participate in our new socially distanced world.DEs from 14 states participated in the 2020 DE of Service. Thank you to all who participated and showcased the power of the credit union difference! We would also like to say a big thank you to those who donated to the Foundation on Day of Service. Your support helps to continue the growth of the DE Program, and our work in empathy and Financial Democracy. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

New awards for the Dubrovnik Gardens of the Sun.

first_imgDubrovnik Gardens of the Sun once again won international awards this year, which is the best indicator of excellence, as well as confirmation of the leading position in the field of family and wellness tourism in Europe.As part of the renowned 2017 World Luxury Spa Awards, the Dubrovnik Gardens of the Sun resort won the award for the best luxury spa resort in Croatia (Best Luxury Resort Spa), and the best spa in the destination (Luxury Destination Spa). The World Luxury Spa awards are given for high quality standards within the luxury wellness segment, and are part of the world-renowned organization World Luxury Awards, which awards prizes for impeccable service and facilities in the hotel industry.”In recent years, we have invested a lot in the development of the spa concept, as well as the improvement of the overall wellness experience in order to exceed the expectations of our guests and maintain the position of the best SPA resort in the region. These awards are a confirmation that we are on the right path, and I congratulate my staff on their success and continuous work and effort.”Said on this occasion the general manager of the resort, Christian Larss Kreković and adds that the Resort for the second year in a row won recognition in the prestigious competition 2017 Junior Design Awards – a silver award for best family hotel (Best Family Hotel, UK & Worldwide).By the way, Dubrovnik Gardens of the Sun, a luxury five-star resort, is located on the coast in Orašac near Dubrovnik and is part of the prestigious group The Leading Hotels of the World. In addition to luxury accommodation in 201 rooms within the hotel and 207 residences, the resort offers an award-winning spa, sports center, 16 different bars and restaurants, a beach and three outdoor pools, and one of the best conference centers in the region.Related news:Dubrovnik Gardens of the Sun has joined The Leading Hotels of the Worldlast_img read more

Editorial: Thank you for sharing your voice

first_imgThis is the place where we learn what our readers think about Donald Trump or the national anthem protesters or climate change or the casino or Congress or other public servants. It’s where people can write what they know and like about political candidates. It’s a forum for them to lobby their fellow readers on issues of local importance like library votes and land sales or zoning decisions. It’s a place where people can share their experiences with the care they received, good or bad, at a hospital or a nursing home, where they can say thank-you to the good Samaritan who didn’t leave a name, where they can rave about that great local production or the volunteers who put on an event. It’s where they can take issue with the opinions expressed in our columns and editorials. This is where the discussion can be as individual as the fear of cars speeding on a neighborhood street or as collective as the threat of nuclear war.Our letters run the gamut of the political and societal spectrum. No letter is rejected or edited because it takes a particular point of view on any issue. We believe our society benefits from exposure to all points of view, even those points some might find disagreeable.As 2017 edges to a close, The Gazette has received letters from more than 1,135 separate individuals and published nearly 1,400 letters overall. The writers’ names are listed below.Many readers write only once, while others use the opportunity to speak their minds regularly throughout the year. We get most of our letters by email these days. But a surprising number of readers still write their letters by hand and mail or fax them in.We’re pleased to be able to provide this community forum for our readers, and we want to thank each and every one of you for sharing your voice.CONTRIBUTORS TO YOUR VOICEJeanne AbernathyEddy AbrahamRobert AbramsCarol AccorsiKermit Ackley Sr.Fred AcuntoMarcia AdamsRonald AdamsWilliam AikenWilliam AlbersJonathan AlbertNicholas AlejandroVince AlescioAl AlexanderPatty AlheimEric AlmondJeff AltamariStephen B. AmesStephen AndersonRichard AngelloLinda AngelloJohn AngillettaBetty ApkarianMichael AragosaMike AragosaPaul J. ArcieroMichael ArmstrongJeff ArnowEleanor AronsteinPhil AronyDeborah AshlineMaureen AumandBrian BackusJohn BaetaniJames BaileyBrian BaldwinKaren BallesterDeb BallietStephanie BandosikAnne BarkelyLyle BarlynDave BarnesSamantha BarnesDiane BarneySara BaronJohn BaroneBruce Barringer Sr.Charles BaryanyaiBenjamin BaskinPeter BauerJudy BeckSharon BeckerGlenn BeckerVincent BelardoBob BeliveRon BelliAndy BelniksTammy BemisNeufeldRuth BenacquistaJuliet BenaquistoJohn BennetRichard BennettKenneth BensonRoger BensonStephen BentonBeth BergmanFrank BerlinEdward BernierJoe BialekAnthony BiscottiChristine BishopMary BlaauboerFrank BlairShelia BlaschKen BlattSteve BloodGloria BlumAndrew BlumbergMike BlyskalMick BlyskelCaroline BoardmanJohn BoardmanGlenn BoldDiane BollingerJoni BonillaSander BonvellStacey L. BormanDennis BouchardAshley Jeffrey BouckLiz BourgestAllison BoyajianAllison BoyajianPeter BoydLauren BoydGordan BoydKathleen BoyleBeverly BoyleHerbert BoytonEd BradtClayton BradtDon BraimRobert BramskiIrene BrazelleWalter “Neal” BrazelleJordon BreaneauHelen BreckerDenis BrennanKen BressDavid BrinkmanMaxine BrisportJames BrodieAlbert BrombertJames BrophyGeorge BroughamMichael BrownArlene BrownGeorge BrownDale M. BrownCharles BrownDavid BrownMaggie BrownJudith BrownAlex BrownsteinPatricia BruschettiNathan BruschiSean BryantAndrea BryneScott BrysonJerry BubniakGary BuczkowskiRalf BuengenerJohn A. BulgaroSteve BulgerSteven BulgerAnn BullockFrank  BurckerKathleen BurkeSophia BurnettBernard BurnsDiane Chignon BurnsSusan BurtonEmily BushBruce BussetPeter ButrynAlan BuzanowskiBonita CadeHelena CalvanoBruce CampbellKristin CanjuraConcetta CannizzanoJames CapassoJane CapelloGail CapobiancoFrank CaponeRon CapulloAngela CapulloEdward A. CarangeloFred CardLauri CardinaliVincent CarelliEd CareyRobert CarlosMarica CarlsonPeter J.B. CarmanPeter CarmenFlorene CarnahanRobert CarneyAnthony CarotaRenee CarrLivia CarrollMike CarrollBruce CastkaMargaret CatellierMary CaterMelvin CaterCorinne CazerDon CazerPhyllis ChapmanBob ChaseJim ChatfieldWilliam CherryBarbara ChesnutDavid ChildsThomas A. ChiltonLaura ChodosReba ChristieJames Cimino Jr.Jackie ClarkNicole ClarkeJamin ClementeDiane ClementsJoe ClevelandJoanne CloughJoyce M. CockerhamGrace CoddJohn CoffenburgDoug CohenDon ConleyMark ConnollyTim ConnollyCathy ConroyLaura ConstableChris CookWilliam CookMaureen CooleyDon CooperCharron CoppolaChristopher CorbettJeff CorginRobert CorlissLinda CortesLinda CorteseNancy CouseColleen CozzolinoTodd CramerDenise CrisciMichael Croce Sr.John CromieLaura CrounseMichael CrowleyMichael CuevasMatthew CuevasTerry CuomoDorothy CurleyDan CurranRob CurtissNicholas D’AllesandroVince DacquistoMike DaileyJoe DaltonMaureen DaunoMichael DaviJeanette DavidsonLale DavidsonKernan DavisTom DavisMitch DavisEdmond DayK. Dan DaytonNancy De KorpJoe DeBlaseStacy DeBritzPhyllis DeckerMichael DeckerMichael DeckerCarole DeForestSandy DeGraffPaul DeierleinDaniel Del NegroDevin Del PosVincent DeluciaChristina DeMariaLeonard DeMasiCarolyn DemkowskiEd DempseyGeraldine DeneckeTom DennyKathleen DeSalvatoreFrank DeSantisRalph DeSorboSimon DeutscheRobert DevriesJerome DewaldAngie DiacovoLewis DiCaterinoTheodore DickAllen DickinsonBeryl DicksonHerg DieckTerence DiggoryGary DiLalloEllie DillonDan DixonShelly DodsonPaul DonahueFrank DoneganPatricia DonnellyRon DravesGeraldine DrawitzVan DressenJohn DrislaneJoe DruzbaSandy DruzbaCarol DucheseneKevin DuggyMark DuquetteBruce DuxburyJohn DworkJanine DykemanRoger A. DziengeleskiArt EdelsteinDavid EdwardsDave EdwardsJohn EkmanFrank ElflandLewis EliaTom EllisJack M. EllisBernie ElwoodDawn EngelDanielle EptingFrederick W. ErlichBette ErrigRichard EvansJessica Hornik EvansJohn EverstonBill FargonTim FarleyWilliam FarmerJohn FasoGeorge FerroSanford FialkoffS.F. Fiminski Jr.Jerry FioreJack Fitch Sr.James FlackeDennis FlanaganTom FlanaginSandra FlintMike FoleyMichael FonacaroKate ForerJames ForgertyAndy FosterJohn FosterMichael FosterMarion FosterRemigia FoyRuth FranciscoAnthony FrankJeanne FrankMeagan FranzLance FrasierLance FrasierJo FreedmanAimee FrenchCharles FrenchRebecca FrettoAnne FringoJane FringoBaruch Frydman-KohlGordon FurlaniMike FuscoDavid GadeJohn GaetaniTim Gaffney Sr.Norlene GagewayLinda GaidaTom GallantElisa GallaroDavid GallupJoseph GarciaKaren GarofalluDaniel GarrowCarol GarryBob GattaJohn GentileDavid GerhanWilliam GettmanDavid GiacaloneSusan GibsonJoseph GibsonDavid GibsonRalph GielloEdward GiffordRay GillenDavid GillikinPatricia M. GioiaGeorge GirouxArthur GlaudeBill GlockMike GodlewskiBob GodlewskiSuanne GoldSteven GoldbergLouise GoldsteinNeil GolubSid GordonSylvia GoreRita GormanWilliam GormanRoger GraiserMary GrandhiMary GrassfieldBob GrattaGlenn GrayMichael GrazzoMichele Grieco-HackettNoney GrierJim GriffthMichael GrignonPriscilla GrimRobert GrimmJune GrinterJune GrinterPeter GrippoBarry GroatPeter GuareDominick GuarneiMarilyn GuidarelliPeter GuidarelliShirley GuidarelliGary GuidoEd GundersenHarold HaborSuzanne HagadornGeoff HallAlex HallensteinKevin HalloranCourtney HalsdorfJames HamiltonDoug HamptonRichard HarlowRose HarriganPatricia HarringtonTrish HarringtonDoreen HarrisRaymond HarrisPriscilla HarrisJudy HarrisEric HarrisonDonna HartDarrin HartWilliam HartmanPaul HasbrockLes HassanGerard HavasyGeraldine HaversyGeorge HebertShirley HedmanJean HeeschTom HeffernonJoseph J. HehirJoseph HehirFrederick HeitkampArt HenningsonPete HenningsonPeter HenningsonBetsy HenryTed HermanJosh HermaneRoberto HernandezJohn HersheyJoseph HialGraham HigginsDennis HigginsGuy HildrethBeth HiligDeidre Hill-ButlerArno HirisMarge HladikJohn HoetkerKurt HollacherJo HollandBrien F. HollowoodPauline HolmesArthur HombachDiane Sanders HombachLaura HooseMichael HoranDorothy HorstkotteCarol Pingelski HotalingSusan HoverClaudette HowardGeorge HugesMartha HugginsBetty HughesAnn Marie HughesWallace HughesWanda HunterTerry HurlbertMartha IacolucciDelores InzeroRoland JacobsonMaryann JacobsonJay JaczakKara JamesRobert JarvenpaJerry JasinskiAnna JastrzabMark JaycoxDonald JennerJoanne, HollandPhyllis JohnsonPhilis JohnsonJean JonesSteve JonesKen JonesLarry JordanCarol JoyceJoe JurczynskiJoe KacznskiNikolas KaiserLisa KarandyRobert KarandyJohn KarlMarjorie KaroweMaria Mercedes karrDeb KazmierczakPamela KearnsTimothy KeeganJohn KelchMichael Kelly Sr.Gary KellyDebra KenfieldEdward KenitzJohn KenneyTeresa KenneyJim KepplerBK KermentiStephen KerznerBill KeverGenghis KhanLee KiernanBobby KilleenEuncie KilmerJoshua KimballJoyce KimballKenneth KimballKen KimballPatrice KindlLawrence KingJ.P. KirbyPaul KleinDavid KlossKaren KlotzKenneth KlotzLinda KnightesJim KnownackDonald KnuthMichele Bianco KoesterJoseph KopaczElizabeth KormosRay KoserkWilma KossGeorge Kot Jr.Geraldine KrawitzAnn KrilDeborah KrolLyn I. KucijMary KuydendallLynn LabargeMarybeth LabateWilliam B. LachanskiDonna LagasseGinny LaJueneDeborah LakritzLeland LakritzMike LaMalfaJoe LambPat LambertTom LankaLeonore LankaRoss LaPlantePeg LapoMichelle LarkinKen LarsenLief LarsenLynn LathamJames LawrenceBill LeaderFrederic LeeJennifer LeidigRosine LeloirRich LeonMargaret LeonardFrank LeoneCharles LeoniAlison LeskeMark LeszczynskiJoseph LevyRichard Lewis Jr.Ricki LewisKirk LewisLarry LewisDan LewisMichael LibertucciBarry LindenbergBob LindingerSteven LippicottHoward LittmanEd LittsEd LittsJohn LohretTom LolliasJim LombardiBob LongPeter LookerOttavio LoPiccoloJanine LordiHolly LothLaura St. LouisDave LowryMichael lSkrebatenasDavid LucierMishka LuftTheresa LuksaBlase LulianoJudith LundeMichele LupePhilip LyfordGeorge LymanC.G. MacDemotTimothy MacfarleneCherly MacNeilRandy MacNeilBill MacTiernanJeff MadejLeo MadiganJessie MaeckiAlvin MagidSally MagidMoira MaguireSandra MalcomWilliam MalecBarbara MancusoDan ManginaRobert ManginoPeter ManningPatsey ManningMickey MarcellaMark MarchandWilliam MarincicMark MarkovitzJonathan MarkowiczGV MarmuscakSue MartinJim MartinFrank MartinRandall MartinKeith MartinWilliam MartinMarcia MartinRichard MartinAl MarvellJoe MasherJames MastraccoLiz MastrianniDaniel MathiasDan MathiasChris MathiesenChet MatuszykClyde MaughanFrank MaurizoJames MaxfieldOtis MaxwellTom MayerMaria MazzaLois MazzoneBriggs McAndrewsDorie McArthurAndres McBriggsThomas McCarneyMary McClaineSandra McClureMichael McClynnJace McCurtyGreg McDermottPaul McDonaldJames McDonaldChad McEvoyThomas McGarryCaroline McGrawMaureen McGuinnessAnne Marie McLaughlinMarybeth McLearDiane McNamaWilliam McPhersonThomas McTygueRobert MeansSean MearnsJohn Manimas MederiosAnthony Melite Sr.AJ MemoliMartha MeskatoveczJohn MetalloJoe MeusePeter MichalskiJill MiglinBryon MigllucciFred MillerSuzanne MillerEddy MillerLois MillsGeorge MilnerKen MinchKen MitchellDeAnn MoffittJoan MondaSteven MondoLowell MontgomeryDavid MontyRichard Moody Jr.Donald E. MooreKatrinka MooreCalvin MooreKen MooreAlexandra MooreJerry MooreJim MoorheadRichard Moran Sr.Liz MoranDavid MorganJill MorleyAndrew MorrisAmos MoscripAmos MoscripAnn MosherLouis MosherLewis MoskowitzLeonard MullerLoretta MulsonCharlotte MundayJenna MungerDan MurphyPeter MurphyJay MurphyJeffrey MurtaghDeborah MusticoJohn MyersJohn NapleMichael NardacciSandra NataleLester NathanNathanPyneLillian NealJoel NelsonRobert NessleWendell NeugebauerLottie NeuhausRoy NevilleKayleigh NewellKarlen NewtonVirginia NewtonJoseph NialMisty NicolasWilliam NiezgodaGeorge NigrinyGeroge NigrinyJamaica NilesMargaret NixonSusan NixonMike NorrisMike NorrisDavid NosekTheresa NowickiMichael NowickiRudy NydeggerMichael O’BrienKris O’BrienRichard O’BrienLawrence O’ConnorJennifer O’ConnorMarian O’KeefeTerry O’NeillDavid OchseChristopher OgnibeneChris OgnibeneJeff OlsenPaul St. OngeMeg OpalAl OrmsbyJeannie OrrScott OrsiniNancy OrtnerNancy OstapawJohn OsterlitzFran OttRoy OttenEdward OvertonJanet PalitschJim PalluttiJeffery PalmerMaltida PalomboJackie PardonAnn ParilloJeff PartridgeElaine PastoreJames PavoldiRoy PechtelRomolo Pede Jr.Vincent PellicciaSue PennyEllie PepperLease L. PerazzoNorman PerazzoMary Cuffe PerezJoann PerilloCindy PerlinMelinda PerrinMarcia PerroneChristine PessesGary PetersonRudolf PetersonTom PetrieRoger PeughForman PhillipsJames PickettPeter PidgeonDeborah PiellucciBetty PieperFran PindiakChurck PiotrowskiGerald PlanteLynn PohlGarry PolamteerLindsey Pollard-PostRafael PoloGreer PomeroyBruce PomeroyElizabeth PorebaThomas M. PorterMarion PorterfieldLinda PostKeith PrebleMercy PremsagarChristine PrimonoJay PrivottDeb PrivottFrancis PuglieseGeorge PutmanChad PutnamRosy PynadathJonathon RabinsteinBernadette RabuyDave RakvicaGlenn RaymousBob RedmondRichard ReedJohn ReillyJane ReisengerBruce ReisnerLinda RelyeaAllen RemaleyBob RenziLouis RestifoCarol ReynoldsGrace RhodeNancy RicciTheresa RichardJudy RichardsKatie RichmanMonica R. RichterES RichutePeggy RidgewayCharles RiellyJack RightmyerAlmeda RileyChristian RiveraClaude Rizzicone Jr.Linda RizzoTerri RobenTeresa RobenPatricia RobertonVictor RobertsEthel RobinsonJohn RobitzekDonald RodbellPhil A. RodriguezRamon J. RodriguezPhil RodriguezPaul RoedigerSandy “Rogo” RoginskiRobert RomaniakJohn RomanoMichele RoseJonathan RosenTimothy RossDiane RourkeGene RowlandEleanor RowlandBill RoylanceSandra RudesheimJames RuhlJames RulisonPatricia RushZachary RushmeyerHolly RussoTony RussoPeter V. Russo Sr.Glenn P. SalamoneArthur SalvatoreJohn SamatulskiRobert San FilippoGlen SandersAngelo SantabarbaraAnthony SantoPaul SantoMarilyn SargentMike ScalzoJerry J. Scarano Jr.Bill SchaafJim SchaeferBill SchapiroBob ScherGlenn SchermerhornBill ScheuermanEllen M. SchlanskerHoward SchlossbergRobin SchnellEric SchochJonathan SchopfWilliam SchuermanSuzanne SchuffertPhil SchultePatricia SchwankertRoy ScottEric ScottTeresa SeegerKaren SeidenArnold SeikenLinda SelbertBonnie SellersJoseph SellersRichard SellersKurt SermonRobert SerrottaSteve SevitsWilliam SeyesMarty ShantyBill ShapiroHaile SharonJames ShearPhil SheehanLinda SheetsRoger ShefferDaniel SheildsSusanna SherwoodEvelyn Shields-KennedyStacey ShinskeJanette ShueAJ SiarkowskiKim SicilianoKaren SideriTim SimmonsJohnathan SimsAl SingerGurpreet SinghJoe SirianniLeslie SittnerRobert SkakaDayton SkellyDarren SkotnesKathleen SlaterJoe SlomkaPeter SlovakMarc SmalkinAl SmithTed SmithWilliam SmithBill SmithGlenn SmithEldon J. Smith Jr.Robert SmithRita SmithPatricia SnyderJocob SnyderWayne SomersLinda SpauldingEarl SpencerJoseph E. SpencerRick SplawnikRobert SponablePatricia SprottJudd StaleyJoe StatileJim StaultersDon SteciakPhil SteckSusan SteerElsa StefanickRoberta SteinerDon SteinerKen StevensBill StevensDarrell StevensRichard StevensonJacqueline StewartNorman StewartStoliker, JeremiahDebra StoryBarbara StowellCarl StrockClare StromConnie SullivanNan SullivanJoseph SullivanGeorge SummersellAnthony SusiAnne SvensonJahan Swanker-GibsonCynthia SwansonTom SwansonRobert SweetJean SwensonIftikhar SyedGeorge SykalaMarcia SykesCharis SynderRit SzczepanskiRon SzczepanskiWalter SzwetkowskiFrank TaorminaHelen TataekWilliam ThielGeorge ThissenBarbara ThomasNorrine ThompsonRich ThompsonRick ThompsonTed ThompsonRobert ThorpeRoger TidballRobert TodtMarianna TomasinoPaul TonkoFlo TownsendErnie TownsendBruce TrachtenbergDon TraverJim TrifilettiPaul W. TrinciLauren TrinkoPeter TrolioCeleste TrotzDeborah TrudeauBarbara TrypalukSusan TucciJan TucciPaula TuckerBenjamin TuranBob TurnerMarge UgaldeDennis UleryJack UnderwoodSuzanne UngerPaul UppalMeghan A. UsmaniMatt VainauskasMary Jane ValachovicWilliam F. ValachovicJames ValachovicDick ValeHenry van de HeeverPhyills Van SteenbrughEdward VanderwallMary Jo VendettiRose VerroBob VielkindJim VincentTed VinickHoward ViplerAnn VitaleJoe VivaPaul VolskyMargaret VozzyDale Wade-KeszeyEdward WagnerJoan WagnerEdward F. WagnerLonsdale WalkerJim WallaceChristopher WallinHans WalterJance WalzJanice WalzPhillis WangPhyills WangJohn WardDave WardJulie WashRaymond WatkinPeter WatrousBarbara WattJean WeedRussell WegeRay WeidmanJane WeiheJerry WeisgrauMarcia WeissDavid WelchBill WempleRay WempleRobert WernerMary WhiteBob WhiteFranks WicksAdriane WildersMichael WillLisa WillardHeather WilliamsJackie WilliamsDouglas WilliamsTom WilliamsWilliam D. WillsMax Wilner-GiwercStacy WilsonMalcolm WilsonDarchelle WinchellPolly WindelsMartha WinstenCatherine WinterGlenn WiteckiBernard WitkowskiChristine WitkowskiJoseph WolfeEric WoodC. Ann WoodSidney J. WoodcockDon WoodsGeorge WoodzellLarry WoolbrightBill WrayDustin G. WrightAdam WrigleyWalter WrobleWalter WrobleLeon WroblewskiCarl YanochCaroll YanochKokwai YapAllen YerdanJohn ZaluckiMorgan ZegersMelissa ZiekerCynthia ZielaskowskiFrederick ZiemannDave ZilcoskyCass ZilcoskyPamela A. ZilkaPierre ZimmermanDarcy ZinkZdenek ZonalSpero ZoulasTheresa ZubretskyIf you wrote a letter in 2017 and your name doesn’t appear, we apologize. Please let us know.More from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen? Categories: Editorial, OpinionYou provide the ink. We’ll provide the pad.And together as a community, we’ll all learn something about one another and the way we each view the world.We call our Letters-to-the-Editor section “Your Voice” because it’s your opportunity to react to the news, to share your thoughts about something you might have read or something that happened to you, to agree or disagree with one someone else in a non-threatening forum, and to share information you have that you might want others to know. Your voices not only illuminate and educate your fellow readers, but often entertain them. last_img read more

Royal ascent

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Seven managers set to lose major LGPS mandates as pooling continues

first_imgBaillie Gifford, JP Morgan Asset Management (JPMAM) and Investec Asset Management all stand to lose UK local authority pension scheme mandates as the sector’s asset pool continues.LGPS Central, one of the eight asset pools formed by Local Government Pension Scheme (LGPS) funds in England and Wales, this morning named Harris Associates (part of Natixis Investment Managers), Schroders and Union Investment to run an active global equity pooled fund for its clients.The pool said it expected the new Global Active Equity Multi-Manager fund to attract more than £2bn (€2.3bn) in investments when it launches later this year.However, the transition means at least seven asset managers stand to lose mandates worth hundreds of millions of pounds for some of LGPS Central’s founder members, according to data from the schemes’ 2017-18 annual reports. Several of LGPS Central’s clients are set to cut managers as they transition assets to the pool.Baillie Gifford ran a significant proportion of the Cheshire pension scheme’s estimated £775m global equity allocation as of 31 March 2018, while JPMAM managed £415m for the Staffordshire pension fund. Investec had a mandate worth £150m with the Shropshire pension fund at the end of March. Credit: Paul CosminLGPS Central’s office is in Wolverhampton, EnglandOther managers that are expected to be cut include Kempen and KBI Global Investors (both managing money for Leicestershire’s scheme), MFS (Shropshire), and Longview (Staffordshire).Harris Associates already runs money for the Shropshire Pension Fund, while Schroders has a number of equity mandates for the Nottinghamshire Pension Fund.LGPS Central said 150 fund managers from around the world “expressed an initial interest” in the Global Active Equity Multi-Manager fund.Jason Fletcher, CIO at LGPS Central, said: “After a rigorous international due diligence and selection process, we are confident that the combined blend and style of these three particular managers will assist us in meeting the investment objectives of our partner funds. We look forward to building a long-term relationship with all three of them.”The Global Active Equity Multi-Manager fund is available to LGPS Central’s nine founder members, the local authority pension funds for Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, Worcestershire, West Midlands, and the West Midlands Integrated Transport Authority.LGPS Central has £14bn under management and could run in excess of £43bn once all nine schemes’ assets are pooled.At the start of this year the company laid out plans to launch 10 funds by the end of 2018, including passive and active UK and global equity funds, and a global emerging markets fund. Next year it plans to roll out a number of pooled fixed income funds.Last week, LGPS Central chief executive Andrew Warwick-Thompson announced he was stepping down from his role after just over a year at the helm. Joanne Segars, chair of the pool, praised the work he had done to steer the company through to its launch earlier this year.last_img read more

UK roundup: Schroders’ DC funds pass ‘value for money’ test

first_imgSchroders has had 13 of its funds on offer to defined contribution (DC) customers endorsed by an independent trustee company.PTL launched a value-for-money assessment – called Clear Funds – at the start of this year, and the UK-listed asset manager was the first provider to sign up. It submitted 13 funds to be assessed by PTL.Clear Funds is designed to assess and communicate funds’ transaction costs to trustees and governance committees of DC schemes. It also analyses processes for controlling and reporting transaction costs, and produces a report for each fund.A spokeswoman for PTL said a second fund manager to put products through the Clear Funds process would be announced in the new year. 13 of Schroders’ DC funds received PTL’s seal of approval“It has been evident throughout that Schroders has been keen to go beyond the regulatory requirements asked of the business. As a result, we are pleased to have been able to conclude that its transaction costs in the funds we have assessed represent value for money.”Tim Horne, head of UK institutional DC at Schroders, added: “[The assessment] gives our DC clients confidence that we are taking our responsibilities in this area seriously – the more oversight DC schemes have of transaction costs, the better. And, crucially, value for money will result in better retirement outcomes for DC savers.”Reuters scheme seals £625m de-risking deal The UK defined benefit pension scheme for global news service Thomson Reuters has secured a £625m (€693m) insurance buy-in with Canada Life – the insurer’s biggest pension risk transfer deal to date.The £2.2bn Reuters Pension Fund has lined up a series of buy-in transactions aimed at insuring the entirety of the scheme. The transaction announced this week covered “the majority of pensioner liabilities”, according to Reuters’ adviser Aon.The transaction came as Thomson Reuters offloaded a 55% stake in its financial and risk unit to private equity investor Blackstone.John Baines, head of bulk annuities at Aon, said: “A decisive factor of this deal was the ability of the trustees to manage a large buy-in alongside a major corporate transaction.”Greg Meekings, chair of trustees for the Reuters Pension Fund, added: “This transaction has led to a major improvement to the security of our members’ pensions by taking a significant amount of risk out of the scheme.“We are grateful for the excellent advisory support provided by Aon, Sackers and Redington to work collaboratively and complete this transaction in such a short timescale. I would also like to acknowledge the positive sponsor support from Blackstone and Thomson Reuters.” DWP seeks to reassure on post-Brexit pension payments The DWP published a series of questions and answers relating to benefit payments post-BrexitThe Department for Work and Pensions (DWP) has pledged to continue benefit payments – including the state pension – to UK nationals living in the EU even if the country exits the bloc without a withdrawal deal on 29 March.However, annual increases to the state pension have not been guaranteed beyond 2020 due to uncertainty about long-term arrangements between the EU and the UK.In a question-and-answer page on its website, the DWP said Brexit would not affect pension payments. The government was “committed to uprate” payments in 2019-20, it added, but would “take decisions in light of whether, as we would hope and expect, reciprocal arrangements with the EU are in place”.For those claiming benefits in EU countries, the DWP said: “We want UK nationals to be able to stay in the EU countries that they live in when the UK leaves the EU, and for their rights to employment, healthcare, education, benefits and services to be protected.”Individuals collecting annuity or personal pension payments should contact their provider, the DWP added.For EU nationals in the UK, the DWP’s advice was similar. Any EU citizen living in the UK as of 29 March would be able to receive benefits “on broadly the same terms as now”, the department stated.center_img Richard Butcher, managing director at PTL, said: “Throughout the process, Schroders has worked really hard to provide us with what we needed to carry out our rigorous Clear Funds assessment. Schroders has shown real diligence in providing the full range of costs and the detail we needed on its cost control procedures.last_img read more

​AP1 saves resources by adding eVestment to monitoring kit

first_imgAP1 has been making a series of changes to its asset management set up over the last year as it tries to lay the groundwork for better returns.One element of the restructuring process has been to merge all units dealing with external asset managers into the new external partnership and innovation unit.The fund said in its annual report that this change was “to achieve synergies and new ways of integrating innovation in the fund”.Meanwhile, a spokesman for eVestment told IPE the firm is currently making a concerted push into the Nordic region.“We’re finding reception to the data and tools we offer to be positive among investors and asset managers in the region,” he said.Jean-Philippe Quittot, the firm’s managing director for EMEA, said eVestment provided a holistic view of the managers and strategies available.“This power to find the best managers in the world and effectively hold those managers accountable through regular monitoring is important as pensions, the pensioners they serve, regulatory bodies and other stakeholders look for more transparency in the management of pension money,” he said.Looking for IPE’s latest magazine? Read the digital edition here. Swedish state pension buffer fund AP1 has started using data services from US provider eVestment to monitor the performance of its external managers – a move the SEK366bn (€35bn) fund said will help it direct its resources more efficiently.The high-profile business win for the Nasdaq-owned data firm comes during a drive to boost sales in the Nordic region.Majdi Chammas, portfolio manager in AP1’s new external partnerships and innovation department, told IPE: “AP1 has decided to add eVestment to the existing toolkit. The eVestment database will help us in the monitoring process of existing and shortlisted managers and allow us to focus our resources.”But Chammas also said AP1 continued to emphasise the importance of qualitative assessment beside the quantitative evaluation when monitoring managers.last_img read more