爱上海,上海419论坛,上海龙凤419 - Powered by 上海夜网WE

​AP4 laments latest easing of Swedish buffer fund rules still falls short

first_imgIt should be made clear that AP1-4 may make joint investments in unlisted companies through unlisted “riskkapitalföretag” (holding companies for unlisted investments), and that they may not assume the operational management responsibility for them. The limit on the voting share the funds may hold in these companies is increased to 35% from the current 30%.The four funds should be allowed to make side investments in an unlisted company together with a fund in which they have invested, and which has also invested in that company.The funds may retain a holding exceeding 10% of the voting rights of all shares or other shares in the company when listing real estate companies or holding companies for unlisted investments.The funds shall be allowed to invest in bonds and other receivables that are not issued for general trading, indirectly through investments in mutual funds or holding companies for unlisted investments, and may grant loans to real estate companies and unlisted holding companies for unlisted investments that they hold shares in.The amendments are intended to take effect on 1 May 2020, the government said, adding that the Pensions Group, with representatives of the parties behind the pension agreement, had supported the proposal.Responding to the proposal’s passage to the Law Commission, Niklas Ekvall, chief executive officer of AP4, said: “The changes in relation to the memorandum are steps in the right direction to give the AP funds investment rules that are comparable to other international investors.“However, they are not as far-reaching as the Fourth AP Fund has recommended, for example regarding the possibility of investing directly in infrastructure companies, of co-investing with other institutional owners in unlisted companies and having a maximum ownership interest in holding companies for unlisted investments of 50%,” he said.The SEK391bn (€36.9bn) pension said it believed the proposals to lift the ceiling on ownership interests in these holding companies to 35%; the opportunity for such holding companies to invest in illiquid credit and the opportunity to make direct investments in unlisted companies alongside venture capital funds provided better conditions for long-term and cost-effective investments.This, AP4 said, would ultimately benefit the pension system.The draft legislation presented on Thursday follows on from a major law intended to modernise the buffer funds’ investment rules, which was approved by parliament a year ago, but which met with calls for more changes. The latest batch of changes to the rules on how Sweden’s mighty AP funds can invest took a key step through the legislative process on Thursday, but according to one of the funds – they still do not go far enough.The government announced on 21 November that it had submitted a proposal to the Law Council on amendments to the investment rules for the First to Fourth AP Funds – which serve as buffers for the Swedish state pension – to give an additional boost in their ability to invest in illiquid assets and increase cost efficiency further.Per Bolund, Minister for Financial Markets, said: “With these proposals, we will further improve the regulatory framework and increase the AP funds’ opportunities for higher returns and for more long-term sustainable investments.”The government summarised the main investment rule changes in the 50-page proposal entitled “Some further changes to the investment rules for the First – Fourth AP Funds” (Vissa ytterligare ändringar av placeringsreglerna för Första–Fjärde AP-fonderna), saying that:last_img read more

Read More

Ronald Mark “Rocky” Heasty, 58, Wellington: Sept. 2, 1955 –

first_imgRonald HeastyRonald Mark “Rocky” Heasty, 58, life long Wellington resident, passed away at St. Francis Via Christi in Wichita, KS on January 14, 2014.  He was one of the first clients at Future’s Unlimited  where he worked as a production worker.He was the beloved son of Wendell Heasty and Jo Ann (Diller) Heasty.  He was born September 2, 1955 in Wellington.He enjoyed music and playing the guitar.  He loved to dance, eat good food, and go fishing.  He  was talented in printing and drawing and he loved spending time with his family on his grandparent’s farm.  He was fascinated with trains and loved the vacations he took with his family on the train.He had a great sense of humor and loved to dress up as Superman, a doctor, sheriff, cowboy, and a fireman.  He loved Christmas and his special friend was a vintage Coca Cola Santa Claus.  Rocky was a perfectionist in everything he did.He was preceded in death by his father and an infant brother, Richard Lynn Heasty.Survivors include his mother, Jo Ann Heasty of Wellington; brother, Robert Heasty of Wellington; and sister, Marta Heasty of Wellington; two nieces, Christy Heasty and Misty Syts both of Michigan; and several aunts, uncles, and cousins.  Everyone that knew Rocky loved him.  He will be deeply missed.Funeral Services will be held on Monday, January 20, 2014 at 11:00 A.M. at the First United Methodist Church.  Reverend Brent Clayton will officiate.  Graveside Services will be held at the Atlanta Cemetery in Atlanta, KS at 2:30 P.M.Visitation will be held at the funeral home on Sunday, January 19, 2014 from 1:00 – 8:00 P.M.The family will be present to greet friends from 6:00 – 8:00 P.M.In lieu of flowers, memorials have been established in his name with the First United Methodist Church and the Wellington Humane Society.  Contributions can be left or mailed to the funeral home.Frank Funeral Home has been entrusted with the arrangements.last_img read more

Read More