Facebook Linkedin Sign up for the weekly Limerick Post newsletter Sign Up Twitter Advertisement WhatsApp NewsHealthLocal NewsHospitals planBy Bernie English – May 15, 2013 722 TAGShospitals health Email Mid Western Regional Hospitals Group chief executive Ann Doherty, has welcomed the formal publication of the government’s policies on the future of the nation’s acute hospitals earlier this week. She said the policies announced by Health Minister Dr James Reilly copper-fastened a great deal that had already been achieved in the Mid West. “This is down to the fact that many of the major changes recommended by the international medical experts who examined the best way to deliver acute care have already been put into effect in this part of the country,” said Ms Doherty. Print Previous articleLimerick FC versus Drogheda 14-5-13Next articleKenya volunteers Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news.
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.