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Holtsville Man Killed in Motorcycle Crash
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 53-year-old man was killed when he crashed his motorcycle into the back of a tractor-trailer in his hometown of Holtsville on Tuesday night.Suffolk County police said Leonard Mastro was riding a 1976 BMW motorcycle westbound on Long Island Avenue when he hit the back of a tractor-trailer that was turning right into Bissett Nursery shortly after 8 p.m.Mastro was ejected from his bike, which was dragged under the truck and caught on fire, police said.The victim was taken to Stony Brook University Hospital, where he died Wednesday morning.The driver of the tractor-trailer, Rhondle Carlton Day Jr., of North Carolina, was not injured.Sixth Squad detectives are continuing the investigation and ask anyone with information on the crash to call them at 631-854-8652.
Sweden’s AP7 to rein in leverage of equities fund
Sweden’s seventh AP fund (AP7) has said its board decided in the first half of this year to reduce the gearing in its SEK261bn (€27.7bn) equities fund gradually to 125% from 150%.In its interim report for January to June 2015, the state pension fund said that, as part of this plan, it had trimmed the fund’s gross leverage to 139.5% by the end of June.While the normal level of leverage had been set at 150% of the fund’s capital, its board is allowed to reduce this on the chief executive’s recommendation – in situations where it is seen as appropriate to lower exposure to the stock market, for example.The pension fund said it produced a 9.8% return for savers in its balanced Såfa pension fund in the six-month period, which outperformed the average 8.3% return for competitor funds in Sweden’s premium pension system. AP7 operates as a state-owned alternative to the private investment funds in the country’s first-pillar premium pension system.Its Såfa fund is composed of AP7’s “building-block” equity and fixed income funds, with the proportions set depending on customer age profiles.The equity fund generated a 10.5% return in the first half of the year, in line with the benchmark.In absolute terms, the return was SEK24.6bn, and the fund’s total assets increased to SEK260.7bn at the end of June.AP7 said: “The positive development seen in the fund is due to the upswing on global equities markets in 2015, which was intensified by the fund’s leverage as well as the weakening of the Swedish krona.”Active management contributed positively to the result, it said, adding SEK12m, although tactical allocation reduced returns to the tune of SEK38m in the reporting period.It blamed the tactical asset allocation underperformance on the fact the fund had had a lower global equity exposure than the benchmark, adding that this had also had the effect of reducing the fund’s risk level.Meanwhile, the fixed income fund produced a 0.6% return in the period, identical to the benchmark return.The return was SEK99m, while total assets in the fund rose to SEK18.3bn.
Premier League Action
At 3, Manchester United travel to Aston Villa looking to register their seventh straight win. West Ham start the day in fourth and welcome Leicester to Upton Park. Elsewhere, Everton travel to a Southampton side in freefall, Hull take on Swansea, QPR face West Brom and Tottenham play host to Burnley. The reigning champions welcome struggling Crystal Palace to the Etihad in the lunchtime kick-off with the ink not yet dry on keeper Joe Hart’s new 3-year contract. At the other end of the pitch, City is in trouble with Sergio Aguero, Stefan Jovetic and Edin Dzeko all out injured. Manager Manuel Pellegrini is confident they can still score without them. 
Widespread Panic And Tedeschi Trucks Band Join Forces For Incredible Alabama Show
March 2, 2021
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