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.
Celebrities from all facets of entertainment such as Russel Wilson, Ciara, Lady Gaga, Lizzo, Melissa McCarthy and Ellen DeGeneres were also present, sharing their support and reminding viewers to donate to First Responders Children’s Foundation and Feeding America. Eilish’s soft voice was accompanied by Finneas’ rhythm-keeping on his guitar and deep-toned background vocals. Before beginning her set, Billie sent her love to audiences. Alicia Keys began her intimate performance casually dressed and sitting at a deep-purple piano in her home. She sang her recently released power-ballad “Underdog.” The version she performed over the weekend was stripped-down with an emotional tone that her genuine, warm voice brought beauty to. Relaxed in a baseball cap and sweats, Billie Eilish and her brother-producer Finneas took to the stage from their living room sofa. The two sang “Bad Guy” from her debut album, “When We All Fall Asleep, Where Do We Go?” This rendition was a hopeful one, fitting for the evening. John opened the concert with a touching message for the audience. After a slew of other performances, John closed the evening with “Don’t Let the Sun Go Down on Me,” played on his son’s keyboard. With a strong, renowned voice, the power of John’s lyrics traveled far. He sang: “Don’t let the sun go down on me / Although I search myself, it’s always someone else that I see.” A master of the piano, John delivered a short performance with a powerful message resonating with viewers around the nation. Keeping it fun and lighthearted, a few band members brought in their kids for backup. Their performance brought old and new fans together through television screens. Hosted by Elton John, the iHeart Living Room Concert for America aired on Fox Sunday evening as coronavirus cases surged globally. Throughout the night, performers popped in to provide relief in the form of entertainment and shared their comforting words for the world. “Love to you, your families, your loved ones, everybody,” she said. “Let’s stay strong together. Take care.” “There’s a lot of grief out there, uncertainty and fear, but let me tell you what’s going to keep us together,” he said. “All the goodness that’s still happening in the world — those doctors, nurses and scientists on the front lines — they’re living proof that most superheroes don’t wear capes. It’s inspiring that once we get through these tough times, better days lie ahead.” Next on the screen were the Backstreet Boys, reunited. The group performed an energetic living-room rendition of their classic song “I Want It That Way.” Each joining in from their respective homes, one couldn’t help but to get up, dance and sing along. As if the melody didn’t speak for itself, Keys changed the lyrics to fit the occasion and sang to at-home audiences “She’s riding in a taxi back to the kitchen / Talking to the driver ’bout his children and wife / A first responder who was risking her life / To give us her love and give it right on time.” With the concert, listeners and celebrities together were able to raise nearly $8 million in donations to First Responders Children’s Foundation and Feeding America. While social distancing, hosting an event like this brought people together and created a sense of unity amid the chaos.
MORE ROTOQL: Lineup Builder | RBC Heritage DFS strategyThere is certainly a ‘type” of golfer that tends to win at this event with shorter, accuracy-based players who have great short games usually playing well. We can clearly see this when we list off the last few winners of this event: Satoshi Kodaira, Wesley Bryan, Branden Grace, Jim Furyk, Matt Kuchar, Graeme McDowell, Carl Pettersson, Brandt Snedeker, and Jim Furyk. So, while this event is surprisingly loaded with some nice talent, including Dustin Johnson, Francesco Molinari, Xander Schauffelle, Bryson DeChambeau, Patrick Cantlay, Tommy Fleetwood, and Jordan Spieth, don’t be afraid to go deeper down the card and look for players who fit the course mold a little bit better.Before we get into this week’s picks, we have to point out that plenty of strategy goes into cashing winning DFS lineups and winning betting tickets. By now you should know the best place to start is RotoQL’s DFS tools and the BetQL Mobile App. Our easy-to-use RotoQL PGA Lineup Optimizer gives you a big advantage when you’re putting together DFS lineups, and our BetQL Trending Picks and Public Betting tools provide a massive edge when you’re making bets, regardless of bankroll size.I’m always ready to help, too, so check me out on Twitter (@DFSBenj) for even more NFL, NBA, MLB and PGA daily fantasy content and gambling advice.Key StatsStrokes Gained: ApproachDriving AccuracyScramblingPar 4 ScoringRBC Heritage picks (Daily Fantasy Golf)DFS Core Plays to Consider: Top Tier: Xander Schauffele, Matt Kuchar, Patrick Cantlay, Webb SimpsonMid-Tier: Si-Woo Kim, Sungjae Im, Branden Grace, Cam Smith, Russell KnoxValue Plays: Emiliano Grillo, Matt Wallace, Russell Henley, Trey Mullinax, Brian GayRBC Heritage betting adviceOutright Bets to Consider*odds via DraftKings SportsbookSi Woo Kim 45/1This is a week where I’m going to completely fade the top of this field and look to take some shots on players with deeper odds. We see deeper winners of this event virtually every season, and there is a ton of value to be had taking four-to-six players in the 40/1-and-over range. Starting us off will be Kim. Kim is a player who I love to take on accuracy-based courses, and he has a great track record on Pete Dye layouts. He posted a second-place finish last season, and many people forget that despite being a poor putter, he has one of the best short games on the PGA Tour. Odds of 45/1 are great value for a player who has won in elite fields in the past and is an ideal course fit.Russell Knox 55/1Knox is another player who is a great course fit for Harbour Town and who has an excellent track record at Pete Dye courses. Knox isn’t long off the tee, but he is pretty accurate, which translates well for this layout. Knox posted a T2 finish here in 2016, so we know the upside is there. Getting 55/1 is nice value for a multiple PGA Tour winner.Matt Wallace 80/1 Before we break down the RBC Heritage, let’s take one more moment to look back on our huge win last week with Tiger Woods. Tiger’s victory last week at Augusta will go down as one of the greatest comebacks in sports history and betting on him at 14/1 is just the icing on the cake. We’ve now hit two winners in the last three weeks — Woods at 14/1 and Kevin Kisner at 66/1 at the WGC-Match Play — so followers of this article should have their bankroll set for the rest of the season (and be doing well in daily fantasy golf). With that being said, let’s try to keep things rolling this week at the RBC Heritage.The RBC Heritage is played at the Pete Dye designed Harbour Town Golf Links, which measures out to a 7,100-yard, Par-71 layout. Harbour Town is a classic Pete Dye design in that it rewards precision over power and is one of the more difficult courses on tour. Harbour Town is a tight course, with tree-lined fairways, deep bunkers, and the smallest greens on the entire Tour. Most players will look to club down off the tee to try and keep the ball in the fairway and out of the trees. This will leave the majority of approach shots within the 175-225-yard range for the majority of the field, so key in on that yardage range for your strokes gained: approach models. As I mentioned, the greens at Harbour Town are incredibly small, so even the best of ball strikings are bound to miss a few greens; making scrambling and strokes gained: around the green two of the most important statistics to focus on. Wallace struggled in his Masters debut last week, but we are going to get him at great 80/1 value this week at Harbour Town. This is a bet based on pure talent, and 80/1 in this field is just too low for someone who has multiple wins on the European tour over the past 24 months. I also like adding in a top-10 bet at +800.Luke List 100/1List is a guy who I never play in DFS and will rarely bet on, but this is the perfect type of event/course at which he can finally get that breakthrough win. Despite being extremely long off the tee, List typically performs better at shorter courses where he is forced to club down off the tee, and he has a nice track record at Pete Dye courses over his career, including a T3 showing here last year.
Girls Golf Rocks! That’s the message from a group of girl golfers who want to inspire others to follow them into the sport.Twelve members of the Essex County Girls squad have been trained as leaders and mentors for the project to promote the sport with the help of four local golf clubs.Their message is that golf is a fun and sociable game, with health benefits and a competitive edge – and they want other girls to join in. Their recent photoshoot (image © Leaderboard Photography) for the campaign poster shows that golf can be anything but fuddy-duddy.The Girls Golf Rocks campaign tees off with a big taster session in April at each of the four clubs taking part – Little Channels, Crowlands Heath, Playgolf Colchester and The Rayleigh Club. Three county squad girls will be helping out at each club.Following the taster sessions, when local schoolchildren will be welcomed by the PGA professionals, there will be a four-week structured coaching programme provided by the clubs, with the county girl players mentoring the newcomers.The finale will be a competition on the par three course at Channels GC in May, where new young players will enjoy playing holes with their mentors, benefiting from their experience and encouragement on the course.The project is being led by the Golf Foundation and supported by England Golf and Active Essex.Katie Moggan, Regional Development Officer for the Golf Foundation, said: “The Essex County Girls really do deserve great credit for launching Girls’ Golf Rocks and it is very much their project. As young, athletic players who love this game, and who exhibit a great sense of fun when playing golf, you really couldn’t find better ambassadors for this sport.“In terms of breaking down the barriers for new girl golfers, these county players really ‘get it’. They know how to encourage new players and I am sure they will be excellent mentors for young people coming into these clubs.”The project will be directly linked to the national ‘This Girl Can’ promotional campaign on TV and other media (www.thisgirlcan.co.uk) which aims to inspire more women and girls to enjoy exercise. See more also on Twitter at #thisgirlgolfs.Katie praised Lauren Spray, Women and Girls Participation Manager for England Golf, Helen Tarttelin, Essex County Development Officer, Louella Hitchcock, Essex County Captain, and Wendy Cook, County Junior Girls Organiser for Essex, for their “brilliant work” in the organisation for a project which, if successful, may well be tried in other regions of the country. 23 Mar 2015 Girls Golf Rocks is set to inspire new players