Treasurer Announces New Economically Targeted Investment Program

first_imgFor immediate release:  April 9, 2007Treasurer Announces New Economically Targeted Investment ProgramMontpelier – Vermont State Treasurer Jeb Spaulding announced today that his office will soon be soliciting investment proposals for a new pension fund program intended to support economic and community development in Vermont.  This initiative stems from a policy on economically targeted investments adopted by the Vermont Pension Investment Committee, which oversees more than $3 billion in retirement funds for Vermont teachers, state employees, and municipal employees.“Our pension fund trustees work hard to protect the workers and retirees who depend on our retirement funds and this initiative will not reduce our obligation in that regard.  However, to the extent that we can support economic and community development in Vermont without sacrificing performance, it makes sense to do so,” Spaulding explained.Economically targeted investments are intended to generate market rate returns while providing collateral benefits that enhance quality of life and promote economic activity in a targeted area, in this case Vermont.  Economic or social benefits do not justify lower returns or inappropriate levels of risk.Spaulding stated that the kinds of investment opportunities that may be appropriate for the pension funds include affordable housing, energy efficiency, venture capital, or timber.  “Actually, we don’t want to limit the field of investment possibilities. We are hoping that creative minds will look over our policy and come up with some innovative proposals that meet our criteria for investment,” Spaulding explained.The program was developed to clearly articulate the criteria by which proposals will be judged and to solicit investment proposals from qualified managers once a year.  The first request for proposals window will be May 1 – June 15, 2007.  In order to be considered, proposals must, at a minimum:Target risk-adjusted, market-rate returns equivalent to or higher than other available investments in a similar asset class, andProvide a substantial, direct, and measurable benefit to economic or community development within the State of Vermont.  Any investments will be placed with an experienced and capable manager in an applicable asset class; no direct investments will be considered.Parties interested in receiving more information on the program should go to the State Treasurer’s Web site at www.vermonttreasurer.gov(link is external) or call 802-828-1452.# # # # #Barbara F. AgnewAssistant to the Treasurer109 State Street, 4th FloorMontpelier, VT  05609-6200Tel:  802-828-1452Fax: 802-828-2772last_img read more

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How mobile is your credit union branch? Find out with Mobilearth’s Dave Richards

first_imgWith mobile financial technology services moving forward at light speed these days, it’s a bit of a challenge at times to keep pace with all the changes — not to mention the technology driving the evolution of member needs. To get a grasp on mobile, we invited Mobilearth’s Dave Richards on the program. But instead of looking at it from the consumer POV, we flipped it around provided it from your credit union’s branch perspective. In other words, with today’s technology leaps, your branch is no longer stationary. It’s wherever your staff can go with a tablet, which enhances the visibility and value of your CU — not to mention its cool factor.Check out this conversation with Dave on how your branch can go mobile. Enjoy! continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Business as usual for Ireland captain Paul O’Connell before last game in Dublin

first_imgIreland captain Paul O’Connell wants it to be a case of business as usual when he makes his Dublin farewell as a Test match player on Saturday. O’Connell is guaranteed a rapturous Aviva Stadium send-off, whatever the result, but he has no intention of being distracted. “There seems to be a lot of final everythings for me lately!” he said, speaking at a press conference in Dublin on Friday. “It is my first start (of the summer), and it’s more where I am going to be in terms of my playing and my fitness is where my mind is at the moment. “I have had a good pre-season, but it has been two-and-a-half months since I started a game, so I am just eager to get out and see where I am and put in a good performance. “That side of it (Dublin farewell) hasn’t been big for me this week. “I was disappointed with some of the things I did in the Scotland game (two weeks ago), and I am eager to correct those. It’s about the game, and getting it right.” Reigning RBS 6 Nations champions Ireland have been tipped by many to reach at least the World Cup semi-finals – they have never previously progressed beyond the last eight – and they go into the Wales encounter after beating them in Cardiff earlier this month, before toppling Scotland last time out. England at Twickenham next Saturday will complete Ireland’s competitive World Cup preparation, and then it will be down to business and qualification from a World Cup pool that also features France, Italy, Canada and Romania. O’Connell will bow out of Test rugby after the forthcoming World Cup campaign in England and Wales following a stellar international career that has so far harvested 102 Ireland caps, while he also went on three British and Irish Lions tours. Wales, the country that O’Connell made his Test debut against on home soil 13 years ago, are fittingly the opposition this weekend in what is a last warm-up game for both countries ahead of Ireland boss Joe Schmidt and Wales head coach Warren Gatland announcing their World Cup squads next week. “We are all about preparation and how we train, and training at a certain level and intensity,” O’Connell, 35, added. “You regret a mistake in training almost as much as you regret a mistake in a match, and that’s a great place to be when you are trying to prepare really well for big games. “The way we prepare, we don’t get too far ahead of ourselves. We just put the emphasis on what is right in front of us. “There are certainly things we would like to do a little bit better from the Scotland game. One of our big things is trying to improve from championship to championship and game to game, and we probably took a step back in some of the things we did in the Scotland game. “We are staying very focused on the short-term, taking these matches really seriously and not looking too far beyond them. It works for us, and we will stick to it. Once the final whistle has sounded on Saturday, though, O’Connell should expect an emotional exit. “It has been a very enjoyable experience playing in Ireland and playing in Dublin at the Aviva in Lansdowne Road. It’s every kid’s dream,” he said. “It has always been a dream of everyone to play for their country, so to play in the Aviva and in Lansdowne Road as many times as I have, and had as many great days as I have, has been brilliant.” Press Associationlast_img read more

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Drake Rowing Hosts Grand Opening for Bright-Beckwith Boathouse

first_imgOn the water, Drake had one singles boat and two pairs boats compete in official races in the Head of the Des Moines. The Bulldogs will have three varsity 8+ boats compete in an exhibition at 10:25 a.m.Print Friendly Version Story Links Photo Gallery DES MOINES, Iowa – It was a special day for the Drake University rowing program last Saturday, Sept. 28. Drake started its fall race season with the Head of the Des Moines Regatta and the program hosted the grand opening for its Bright-Beckwith Boathouse in Prospect Park. The $1.3 million state-of-the-art Bright-Beckwith Boathouse provides Drake rowing and the Greater Des Moines rowing community with the proper environment to safely and efficiently hone their craft. It features the Coach Charlie DiSilvestro Boat Bays for boat and equipment storage, as well as a dedicated locker room and team room for the Drake rowing program. The heated indoor space allows the team to practice when water and weather conditions prevent outdoor training. Longtime head coach Charlie DiSilvestro, Director of Athletics Brian Hardin and Dr. P. Sue Beckwith each shared remarks to the crowd. The boathouse is named in honor of Lois Bright, the late founder and president of the H. Dale and Lois Bright Foundation and Dr. Beckwith. Family, friends and alumni were invited to the grand opening that celebrated the completion of the Bulldogs’ home in Prospect Park. The Bright-Beckwith Boathouse is joined by the Buroker Family Dock that was installed by Terry Jansen and his crew with Drake Facilities and Planning Management.last_img read more

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