HMAS Perth Conducts Replenishment At Sea

first_img View post tag: Perth July 27, 2012 Despite the rough seas and howling wind, the crew on HMAS Perth battled the elements to conduct a Replenishment At Sea (RAS) with the United States Naval Ship Matthew Perry.With just 50 metres between the two ships, extreme precision is required to keep both ships steady on the same course and maintain the gap between the two hulls. Once the guide ropes are attached, the job of manoeuvering the fuel line across a pulley system begins from the Matthew Perry to HMAS Perth.Ship’s Warrant Officer, Warrant Officer Vaughn King said they were the roughest conditions in which the Ship had done a RAS for quite some time.“The RAS is a really important event as it keeps the ship at sea for much longer but it requires a lot of skill and hard work to do it quickly and safely,” said Warrant Officer King.The crew on the port waste deck were swamped numerous times by water churned up by the bow of the Matthew Perry as they kept an eye on the fuel lines while HMAS Perth received aviation fuel and diesel.The RAS is historically celebrated on its completion by the playing of music. HMAS Perth has a unique form of celebration with its own band, “No Direction”, comprised of keen musicians from within the Ship’s company.On this RAS however, the defence watch timetable and rough weather meant that “No Direction” were unable to perform.HMAS Perth has a 21 day stint at sea and with another RAS scheduled before the sea phase exercise concludes so “No Direction” may still get the opportunity to celebrate the RAS in a distinctly HMAS Perth style.HMAS Perth is one of two Australian frigates participating in EX RIMPAC 12. During the sea phase exercise, HMAS Perth will be conducting flying operations with the S-70B-2 Seahawk helicopter onboard, boarding and submarine exercises. HMAS Perth also successfully fired two Evolved Sea Sparrow Surface to Air Missiles in a critical test of the ship’s high end war fighting skills.Approximately 1,100 Australian sailors, soldiers, airmen and women are participating on Exercise RIM-OF-THE-PACIFIC (RIMPAC 12) from 27 June 2012 to 2 August 2012.[mappress]Naval Today Staff, July 27, 2012; Image: Australian Navy Share this article Training & Education View post tag: Naval View post tag: HMAS View post tag: seacenter_img View post tag: Navy Back to overview,Home naval-today HMAS Perth Conducts Replenishment At Sea HMAS Perth Conducts Replenishment At Sea View post tag: Replenishment View post tag: conducts View post tag: News by topiclast_img read more

CalPERS to transform ESG to ‘data-driven mainstay’ of investment

first_imgIn an exclusive interview with IPE, Anne Simpson, senior portfolio manager for global equity and head of the Corporate Governance Program at CalPERS, discussed the genesis of the pension fund’s new approach, the scope of the pilot programme and the strategic goals for the initiative.“We’re reframing the ESG debate as an investment issue,” Simpson said. “For us, it’s the natural next step from adopting investment beliefs a couple of years ago. We’re shifting from thinking about this as ‘ESG issues,’ and thinking about what is required for our funds to be sustainable over the 70-year liability horizon we’ve got.”Two of the investment beliefs “set the stage for what CalPERS is doing.“One is that long-term value creation comes from the management of three forms of capital – financial capital, human capital and also physical capital,” Simpson said.“We’ve never been terribly fond of the ESG acronym. By reframing this as sustainable investment around these three forms of capital, we’ve given an economic framing of the issue to use in explaining what it is we want our managers to be paying attention to when they’re deploying capital.”The second CalPERS investment belief is the statement that “risk is multifaceted for an investor like CalPERS, because of our size, the longevity of our liabilities and so forth”.“Risk for us isn’t captured just through tracking error and volatility – natural resource scarcity and demographic and climate changes are also risks.”From that global basis, Simpson said, “the next question is what sort of agenda does that set for the policies and the monitoring we want our managers to report to us on”.CalPERS felt strongly it was important to develop this bottom-up and formed an internal cross-asset-class team of 20 people that undertook a two-year project with two objectives.“The definitions of what is meant by sustainable investment are hazy at best, so the first thing we need to do is define this for ourselves, and that’s where the investment beliefs come in,” she said.“Second, we needed to review the data and tools that might be available because, although we might be saying human capital needs to be properly managed for purposes of producing long-term value, there’s precious little by way of data and useful information about that that can be integrated into your financial assessments.”CalPERS’s system staff will develop expectations about the factors relevant to investing sustainably in each asset class and how those factors should be woven into the manager selection process.The development of sustainable investing criteria will focus most on external managers. At CalPERS, 70% of assets are invested internally via quantitatively managed public equity portfolios and an active fixed income portfolio. External managers are used primarily for private-market assets.“What we’re just starting now is a pilot phase, for about a year,” Simpson said. “We want the managers to come back to us and articulate the ESG factors – the sustainable investment factors in the new language – which they have reflected in their investment policies, and second, to report to us on how those are not just identified but how those are tracked and integrated into the decision-making process.”Despite the large number of managers that have become signatories to the PRI, Simpson said the identification of relevant sustainability issues was still at an early stage.“People might say, ‘oh yes, environmental issues are terribly important,’ but which issues, at what stage and where – something that might be just relevant at a sector level can become material depending on your location,” she said.“You can think about something as simple as water – either too much or too little. If you’re in a coastal property that might suffer inundation from the sea level rising or extreme weather events, that’s one kind of risk, while if you’re in California you can be acutely aware of what water scarcity can do to your business strategy.”Both are serious risks, she said, “but we do not have an agreed accounting standard or even a set of reliable data to track water as an input”.CalPERS aims to jump-start a process that will lead to rigorous quantification of the factors that affect the long-term sustainability of a business.All managers will be asked to explain how they define these issues, what their policies are and their data and modelling of sustainability factors.At the same time, CalPERS is reducing the number of external managers. “Another aspect of the investment beliefs is the simple and obvious statement that costs matter,” Simpson said. “We’ve got more managers than makes sense.”In what Simpson described as a “shrink-to-fit” process, CalPERS will trim its roster of more than 200 managers. “The goal is to have around 100 managers so we can have bigger strategic relationships where we’ll be able to have more impact on the fee structure and better alignment,” she said. “Next year, we’ll take a look at what managers come back with.”Responses to the sustainability initiative will be one more data point in the review.“In what will become the legacy portfolio, managers will be wound down over a period of time. In the strategic portfolio that comes out of this review and selection process, managers will report to CalPERS for the long term, and our thinking will evolve as we work our way through this pilot programme.”While some managers will lose CalPERS mandates in the course of the review, Simpson said she remained focused on the big picture.“One of the most important things we’re doing in this process is setting up an investment demand for better sustainability data and better modelling, and fundamentally, the integration of these factors into financial reporting,” she said.“At the moment, there are 101 terrific initiatives around, which gather data from some companies on some issues, but it’s not integrated into the reports that get filed or audited.”Ultimately, CalPERS is seeking to spark investment management innovation.“The prize here would be that, through this process, you get investment managers behind the notion that sustainability issues need to be properly defined, properly tracked and ultimately connected into the risk/return framework that investment is all about,” Simpson said.“That’s a big project but one that a fund of our size takes on.” The California Public Employees’ Retirement System (CalPERS), the largest public-employee pension system in the US, with about $350bn (€317bn) in assets, in June launched a pilot programme that will lead to formal requirements that all managers receiving capital allocations articulate and implement ESG principles into their investment processes.To date, ESG policies at most large pension plans have focused on company-specific issues where major asset owners could engage directly with management to push for changes at the company level.Other managers have met pension fund requirements that they incorporate ESG criteria by signing on to the Principles for Responsible Investment administered by the United Nations Environmental Programme Finance Initiative.CalPERS’s initiative aims to identify and document on a consistent basis the ESG practices, and supporting data and modelling, that managers in all asset classes use in actual investment decisions.last_img read more

Harold D. Flodder

first_imgHarold D. Flodder, age 84 of Batesville, died Tuesday, July 26th, 2016 at his residence.  Born March 18, 1932 in Batesville, he is the son of Vera (Nee: Schein) and Leo Flodder Sr.  He married Viola Wishmeyer November 12, 1955 at Holy Family Church in Oldenburg.He was a maintenance supervisor for BCA/Federal Mogul, retiring in 1997 after 34 years.  Harold served in the army during the Korean War, earning two Bronze Stars.  He was a lifetime member of the Batesville V.F.W. Post #3183 and a former Eagle Scout.  His son and two grandsons also became Eagle Scouts.He is survived by his wife Viola; daughter and son-in-law Ann and Steve Carlson of Ellijay, Georgia; son and daughter-in-law Bill and Beth Flodder of Mason, Ohio; sister Jean Struewing of Batesville; grandsons Brett (Kelley) Flodder, Ben Flodder and great granddaughters Harper and Eleanor Flodder.  In addition to his parents, he is also preceded in death by sisters Eileen Steinkamp, Mary Hoff and brothers Leo Jr., Clyde, Virgil and Robert Flodder.Visitation is Friday, July 29th, from 4 – 7 p.m. at the Weigel Funeral Home.  Funeral services are 10 a.m. Saturday, July 30th at St. Louis Church.  Burial will be in St. John’s Huntersville Cemetery with military graveside rites conducted by the Batesville V.F.W. Post #3183 and the Prell-Bland American Legion Post #271.  The family requests memorials to the Batesville Boy Scouts Troop #634 or Premier Hospice.last_img read more

Ballon d’Or: Mane, Aguero make 30-man list

first_imgRelatedPosts Mane double eases Liverpool to win over 10-man Chelsea Aubameyang pens three-year Arsenal contract EPL: Vardy primed for another prolific season after brace at West Brom Sadio Mane, Sergio Aguero and Hugo Lloris are among the first five players to be named on the 30-man shortlist to win the Ballon d’Or.The Premier League players have been joined by Frenkie de Jong and Dusan Tadic, both of whom enjoyed impressive seasons with Ajax last term.Mane and Lloris were joined by their Premier League counterparts Trent Alexander-Arnold and Pierre-Emerick Aubameyang.  It is the first time Liverpool defender Alexander-Arnold has been named on the shortlist for the Ballon d’Or.Paris Saint-Germain star Kylian Mbappe was also on the list alongside Donny van de Beek and Marc-Andre Ter-Stegen.The rest of the list will continue to be released this afternoon with Cristiano Ronaldo, Virgil Van Dijk and Lionel Messi all considered front runners to scoop the prize.Tags: Pierre-Emerick AubameyangSadio Manelast_img read more

League chief glad to see Suarez go

first_img Barclays Premier League boss Scudamore admitted he was not sorry to see Suarez join Barcelona, praising shrewd business from Liverpool in offloading the controversial Uruguay striker. Catalan giants Barcelona prised Suarez away from Liverpool in a £75million transfer. The 27-year-old was hit with a four-month ban from all football-related activity after biting Italy defender Giorgio Chiellini at the World Cup in Brazil. Chief executive Scudamore conceded the Premier League will be a calmer place this season without Suarez, whose latest ban is his third for biting. “I think probably the time had come,” said Scudamore. “He’s a great player and I’m not taking anything away from his talents: he was voted by both his own players and the media last year the player of the year and deservedly so. “He’s great to have but an accident waiting to happen, and if you spend your time trying to promote what’s good about the Premier League, you’re always waiting for the next thing to come along. “And this one in the summer, although it was with Uruguay, although it didn’t directly involve the Premier League, clearly it reflected on Liverpool as one of our great clubs. “And it reflected on us. “He’s done his time here, but I can’t say I’m sorry to see him go. Luis Suarez was “an accident waiting to happen” and the “time had come” for him to leave Liverpool this summer, according to Richard Scudamore. Press Association “I think it was good business on a number of levels from Liverpool to move Suarez on.” Suarez has appealed against his four-month FIFA ban to the Court of Arbitration for Sport, and will learn the outcome on Thursday. The 78-cap striker was banned for 10 games for biting Chelsea’s Branislav Ivanovic in 2013 and sidelined for seven matches for doing the same to PSV Eindhoven’s Otman Bakkal in Ajax action in 2010. Scudamore said the Premier League does not need “every world mega star” to continue to flourish. Former Ajax striker Suarez netted 31 league goals last term, his departure leaving a chasm for Reds manager Brendan Rogers to fill, but Scudamore rejected suggestions the Premier League cannot retain its top talents. “We lost David Beckham as well, remember, we do often lose one or two,” said Scudamore, talking at the Premier League season launch. Former Liverpool midfielder Dietmar Hamann echoed Scudamore’s opinion that the club will be better off in the long term without Luis Suarez. Hamann, speaking at a McDonald’s and Football Association Community Football Day, told Press Association Sport: “I think Liverpool have bought well. “I have always been very critical of Suarez’s antics. “In footballing terms, he is a big loss, but somebody else will score the goals and I think, long-term, they will be better off without him than with him. “I’d rather have the six or seven players they have now than Suarez, because at the end of the day, if you want to win things, you need people you can trust, and he can’t be trusted. “If he does something stupid again, he could be out for years, or for good. “Yes, he has been great, there is no doubt about it. But what could have been if he had not missed all the games he did when he was here? Maybe the team would have been in the Champions League a while ago. “All he has to show from his time at Liverpool is a League Cup winner’s medal (from 2011/12). He is not leaving a team that was ruling the Premier League or Europe during that the last few years. “He is a player who scored goals, but at the end of the day they only got into the Champions League with him last season.” :: Dietmar Hamann joined kids at Burnage Metro FC in Manchester to celebrate the work of FA Charter Standard clubs at a McDonald’s and FA Community Football Day. For more info visit www.McDonalds.co.uk/betterplay last_img read more