Management fees totalled €4.9bn, an increase of 22% compared to 2015. This is because fees tend to be calculated as a percentage of total assets.According to Johan van Soest, senior consultant at LCP, the main reason for the increase in fees was, however, an increase in performance fees.“We’ve noticed pension funds have been able to negotiate much better contract terms with their asset managers in recent years,” he said. “Still, these lower base fees do not compensate fully for an increase in performance fees.”Bpf Bouw, for example, recently reported it had managed to reduce fees paid to hedge fund managers from €37.9m to €30.8m. However, at the same time the fund said it had seen a €6m increase in performance fees since 2013. Large Dutch pension funds have not been able to push their investment management fees to below the 0.5% threshold, even though their assets under management increased by 28% in the past five years.Consultancy LCP looked at total management fees as a percentage of total assets for the seven largest occupational funds – ABP, PFZW, PMT, PME, BpfBouw, Vervoer and PGB – and three large company pension funds (Philips, Rabobank and Shell). Together, these funds administer two thirds of all Dutch pension assets.The average management fees the funds paid in 2019 totalled 0.51%, excluding transaction costs. This is only two basis points less than in 2015, though total assets under management of the 10 funds increased from €763bn to €973bn in 2019 (+28%).Including transaction costs of 0.09%, investment management fees totalled 0.6%, or €6.3bn. This compares to 0.61% in 2015.
Odion Ighalo is firing away in China after he scored his 15thÂ league goal of the season and was the Man of the Match as his club Changchun Yatai beat Jiangsu Suning 3-1 yesterday.Ighaloâ€™s club are now comfortably eighth on the Chinese Super League table with 38 points from 28 matches.The Nigeria striker drew his team level after 29 minutes and then assisted for their third goal in the 82ndÂ minute.The Changchun Yatai skipper is now 10goals behind the leagueâ€™s leading scorer Eran Zahavi of Guangzhou R&F.There are now two rounds of matches before the season ends in China.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
From my mind & bodyTo my spirit & soul.As a six-year-old boyDeeply in love with youI never saw the end of the tunnelI only saw myselfRunning out of one.And so I ran.I ran up and down every courtAfter every loose ball for you.You asked for my hustleI gave you my heartBecause it came with so much more.I played through the sweat and hurtNot because challenge called meBut because YOU called me.I did everything for YOUBecause that’s what you doWhen someone makes you feel asAlive as you’ve made me feel.You gave a six-year-old boy his Laker dreamAnd I’ll always love you for it.But I can’t love you obsessively for much longer.This season is all I have left to give.My heart can take the poundingMy mind can handle the grindBut my body knows its time to say goodbye.And that’s OK.I’m ready to let you go nowSo we can both savor every moment we have left together.The good and the bad,We have given each otherAll that we have.And we both know, no matter what I do nextI’ll always be that kidWith the rolled up socksGarbage can in the corner:05 seconds on the game clockBall in my hands5 … 4 … 3 … 2 … 1Love you always, Kobe Newsroom GuidelinesNews TipsContact UsReport an Error Game-winning shotsIn the Great Western ForumI knew one thing was real:I fell in love with you.A love so deep I gave you my all — This is the text of the retirement statement, reportedly written by Kobe Bryant, as posted on the website theplayerstribune.com.From the momentI started rolling my dad’s tube socksAnd shooting imaginary
Lakers, Clippers schedules set for first round of NBA playoffs Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Missing actionThe Lakers had some expected absences for Saturday’s exhibition, including DeMarcus Cousins (ACL tear), Kyle Kuzma (foot stress reaction), Talen Horton-Tucker (foot stress reaction) and Jared Dudley (knee soreness). Cook and Kostas Antetokounmpo (ankle sprain) also missed the game.LeBron James, Anthony Davis, Rajon Rondo and Danny Green didn’t play in the second half. Frank Vogel suggested that he would devise a “similar” workload for the Lakers’ two exhibitions against the Nets in China next week. Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed How athletes protesting the national anthem has evolved over 17 years “We play the Warriors eight times this year,” he said. “I’ll get some action in one of those games. Just gotta be smart.”Related Articles Lakers practice early hoping to answer all questions AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThey moved into the Chase Center, their new $1.4 billion home on the water in Mission Bay. That’s added both time and traffic to their commutes — something Klay Thompson side-stepped with a ride on a ferry earlier this week. It wasn’t just switching sides of the bay, from Oakland to San Francisco, but also upgrading and modernizing their tech-friendly home that houses high-class suites and luxury seating to generate additional revenue.Quinn Cook, who played for the Warriors for the last two seasons, said he was wowed by the building, particularly the new entrance. But the human element was refreshingly familiar.“To see the same faces — security, ushers, equipment people — everybody’s still here and made that transition,” he said. “It’s definitely different, but it’s great to see some familiar faces.”Saturday’s game was the first basketball event played in the building. Kerr said the only other time the Warriors were able to try the court was the day before for some short scrimmaging.Both JaVale McGee and Cook had heard plenty about the planning of the new digs and Cook even toured the building before it was finished. Cook didn’t play in the game, sitting out with a sore left calf, but knows his time to try the court against his former team will come soon. SAN FRANCISCO >> The Kerrs had been moved into their new home just two days when the ground shook beneath them.It was a small earthquake, a 3.5 magnitude on the Richter scale. It felt to Steve Kerr to be a sort of sign on the day of his team’s first preseason game in their new home.“That was like our welcome, I guess,” he said. “Welcome to San Francisco.”To be frank, the ground quaking beneath them is one of the more subtle shifts the Warriors have dealt with in the week since their preseason camp opened. Newsroom GuidelinesNews TipsContact UsReport an Error