With a return of 24%, the 41% equity portfolio was the best performing part of the scheme’s investments.It added that developed market equities, through Robeco’s Global Equity, returned no less than 47%.Private equity and global high yield also performed well, generating 6.8% and 7.5%, respectively.The pension fund noted that lower-rated high yield and investment-grade bonds achieved better results than higher-rated investments in both asset classes.As a consequence of the increased interest rates, the Rabobank Pensioenfonds lost 0.2% on its 42% fixed income portfolio, it said.The scheme indicated that it had decreased its active risk budget for fixed income, and also limited its deployment to active countries allocation, following “years of disappointing performance” by Robeco, its main asset manager.It said it also transferred the management of its mortgages mandate to Aegon Asset Management, after Robeco decided to cease managing this strategy.The annual report showed that a new investment in risk parity – a strategic allocation to traditional asset classes with a risk-based portfolio spread – incurred an 11% loss.The scheme attributed the negative result to the effect of the US Central Bank’s statements on monetary policy.The Rabobank Pensioenfonds also reported returns of -0.7% on its 9.2% holdings of alternative investments, and 3% on its 7% property allocation.It said it kept its hedging policy against extreme investment risks largely intact, only replacing expiring total return swaps with equity options and, as such, increasing its exposure to equity markets.According to the pension fund, a new asset-liability management study (ALM) showed that its recent change from defined benefit to collective defined contribution arrangements had only limited consequences for its strategic asset allocation and strategic risk management.Last year, the Rabobank Pensioenfonds granted its pensioners and deferred members an indexation of three-quarters of the consumer index.Its active participants did not receive an indexation, as their salaries were not increased last year. The €17.5bn Rabobank Pensioenfonds saw its 8.4% return on investments largely evaporate due the effect of rising equity markets and swap rates on its hedging policy for equity and interest risk on liabilities. As a result, it lost 7% on its hedge.In addition, it lost 0.8% on its inflation swaps, in the wake of the expected slowdown of inflation, it said in its 2013 annual report.The pension fund’s net return of 0.8% included a 0.3% return on its currency hedge.
* San Julian Multipurpose Cooperative inBadiangan – P5 million The contract signing was done yesterdayafternoon. Under this loan program – with a two percentinterest per annum and payable in three years – of the provincial governmentdubbed Mangungoma Sapnayon: Palay PriceProcurement Program, farmers’ cooperatives must buy palay (unhusked rice) from small farmers at premium prices. * Southern Iloilo Area MultipurposeCooperative in Oton – P10 million * Pototan Farmers Multipurpose Cooperative –P10 million According to Atty. Arturo Cangrejo, chief ofthe Provincial Cooperative Development Office, the loanable amount wasdetermined based on the cooperatives capacity to pay and drying facilities. “The first amortization of these cooperatives would start 15 monthsafter the loan’s release. Buot silingonsubra isa tuig anay nga i-rolling sangkooperatiba ang ila pundo para maka-gainincome kag amat-amat sila nga magabayad,” said Cangrejo. * Barotac Nuevo Development Cooperative – P5million * Dingle Multipurpose Cooperative – P10million * Kooperatiba Naton Multipurpose Cooperative inTigbauan – P5 million * Zarraga Multipurpose Cooperative – P5million * Guintapagin Agrarian Reform Cooperative inBingawan – P1 million * Santa Barbara (FACOMA) MultipurposeCooperative – P5 million The 10 cooperatives and their loans are thefollowing: ILOILO – Ten farmers’ cooperatives areavailing themselves of loans from the provincial government to help smallfarmers reeling from the nose-diving of rice prices that is being blamed on theRice Tariffication Law. * Kabalikat Multipurpose Cooperative inBingawan – P1 million As agreed with the provincial government, thecooperatives would procure palay fromsmall farmers at P14 per kilo./PN
Mr. William Henry Howard Peters, 95, a lifelong resident of Decatur County, died Friday, March 15, 2019, at Aspen Place Health Campus, Greensburg. He had been in gradual failing health for the past few months. Born April 19, 1923, in Franklin County, he was the son of William and Flora Elizabeth (Blake) Peters. He was united in marriage to Bernice Marie Schoentrup November 29, 1946, in Aurora, and she preceded him in death on April 11, 2014. He was a previous member of New Point Christian Church and was a current member of Batesville Christian Church. He was a member of the New Point Masonic Lodge #255, and the Greensburg Veterans of Foreign Wars Post 5584.He was a 1941 graduate of New Point High School. He was inducted into the United States Army on February 12, 1943 and participated in World War 2 in the Southern France Campaign. He was a scout in the 44th Mechanized Cavalry Reconnaissance Troop and was wounded in active duty on November 29, 1944. After hospitalization in both England and the Indianapolis VA hospital, he was honorably discharged on February 21,1946.He was a well-known farmer and neighbor in southern Decatur County near the community of Smyrna and was a skilled master machinist at Chambers Aircraft Company and General Electric at Shelbyville before retiring and building and beginning his own machine shop next to his farmstead.He is survived by his four children: William L. (Rose Marie) Peters, Murfreesboro, Tenn., Cynthia M. (Peters) Grote and Kenneth N. (Rita) Peters, Greensburg, and Betsy L. (Tony) Baugh, Napoleon, along with 12 grandchildren and thirteen great-grandchildren. He is survived by one sister and two brothers, Evelyn Ruth (Peters) Ainsworth, John Harold Peters, and Donald Lewis Peters.He was preceded in death by his parents and one brother and four sisters, Maude Katharine (Peters) Hazelrigg, Thelma Avis (Peters) Overholser, Dale Sherman Peters, Mary Margaret (Peters) Maynard, Norma Lee Peters.Visitation will be Wednesday, March 20, from 3-7 p.m. at Batesville Christian Church, (1294 Columbus Ave, Batesville, IN 47006) immediately followed by funeral services at 7pm. There will be a Masonic Service at 2:30 prior to visitation. Military rites conducted by the Prell-Bland American Legion Post #271 and the Batesville V.F.W. Post #3183. will follow the funeral at the church. Private burial will be at Kingston Cemetery, Decatur County.In lieu of flowers, monetary gifts may be given to the Batesville Christian Church in care of the funeral home. Online condolences may be made at www.meyersfuneralhomes.com.
Statewide—The Indiana Department of Transportation announces a road work moratorium for the Labor Day weekend beginning Friday afternoon, Aug. 30, through the morning hours of Tuesday, Sept. 2.As Labor Day holiday weekend is typically one of the busiest times for travel on Indiana’s highways, wherever possible, road restrictions will be removed to ease traffic flow for holiday drivers. Some closures and restrictions will remain on larger projects that cannot safely reopen to traffic. Here’s where you will see restrictions remaining over the holiday weekend:Southeastern IndianaI-65, in Jackson/Bartholomew counties, has lane restrictions in both directions between Seymour and Columbus.I-74 in Ripley/Dearborn counties is restricted in both directions between S.R. 101 and the Ohio State line.S.R. 7 in Jennings County is closed between the Jennings/Jefferson County line and Vernon. Drive SafelyINDOT reminds Hoosiers to travel safely and plan for more driving time during the busy weekend.Pay attention: Don’t text or talk on the phone and avoid taking your hands off the wheel. Driver inattention is a leading cause of all highway crashes.Slow down: Be aware of the speed limits and abide by them – no one wants to ruin a great holiday weekend with a speeding ticket.Leave early and plan ahead: Expect delays and allow extra travel time on one of the busiest holidays of the year.
After a bittersweet weekend in Michigan, the Wisconsin men’s tennis team returns to Madison to prepare for two Big Ten matches on its home court.The Badgers hope to recapture some momentum as they host Big Ten rivals Purdue and Indiana this weekend.Nearly a year ago, Wisconsin was coming off a big win against Northwestern and continued the streak by beating Purdue, 5-2. However, things have changed since the Badgers last saw the Boilermakers.Last year, Wisconsin was 4-2 in Big Ten matches when it faced Purdue. This year, the Badgers’ Big Ten record is 2-2. In 2010, senior Marek Michalicka was ranked No. 15 with his partner Moritz Baumann, who now serves as student assistant coach.This season, Billy Bertha replaces Baumann as Michalicka’s partner. During the 2009-2010 season, Wisconsin often struggled to get doubles points. This season, however, the ranked duo of Michalicka and Bertha is adding improvement.As a duo, Michalicka and Bertha are ranked No. 78 and their chemistry is undeniable. Bertha joked about keeping Michalicka in line and admits to meshing well with him.Against No. 22 Michigan Saturday, the Badgers fell early as the Wolverines won two of three doubles matches and the No. 6 singles match. Michigan proceeded to win the Nos. 2, 3 and 5 to clinch the win.Although Wisconsin dropped the match, Michalicka showed his veteran experience in coming behind in his singles match and winning seven consecutive points to beat Evan King.“I got a little lucky there at the end, but I’m definitely more confident, so hopefully that helps this weekend,” Michalicka said.Sunday, Wisconsin faced No. 53 Michigan State and the tables turned. Michalicka and Bertha had the No. 1 spot and claimed the doubles point along with the duo of Rod Carey and Fredrik Ask.When the Spartans fought back, the Badgers picked up some of their senior captain’s toughness from the day before and battled back. Michalicka, Bertha and Ask claimed the final three match victories.Like Wisconsin’s Michalicka and Bertha, Indiana also has a successful duo in Santiago Gruter and Jeremy Langer. The pair is currently on a 12-match winning streak at No. 1 and will prove to be a tough opponent for Wisconsin.Last season, Indiana was Wisconsin’s first Big Ten win. The Badgers were coming off of a tough one-point loss to Illinois and played with raw emotion against Indiana. This year, Wisconsin looks forward to channeling that same emotion and playing with the same decisiveness as last year against this No. 60th-ranked Purdue team.Indiana’s Josh MacTaggert has been leading the Hoosiers to victory and was unbeaten in the month of March. MacTaggert and the 27th-ranked Hoosiers are coming into their match against Wisconsin with momentum after beating both Big Ten opponents (Illinois and Iowa) this past week.The Badgers lead the all time series against Purdue 55-18, but trail Indiana 42-26.Still, the Badgers are looking forward to hosting a challenging match.“We’ve been beating them the last couple years, if I can remember correctly, so hopefully we can win again even though they are ranked higher,” Michalicka said. “We have a pretty good chance to beat them.”