Among asset classes, fixed income produced 4.3% in the nine-month period, up from a 0.9% loss suffered in the same period the year before.Equities, meanwhile, returned 6.2%, up from 0.4%.Within this, listed equities returned 8.8%, recovering from the 1.8% loss reported in the comparable period a year earlier.Property generated a return of 3.4%, little changed from last year’s 3.1%.Etera reported a rise in its solvency ratio to 16.6% at the end of September from 15.4% at the end of December 2013.Björkman said the company had been actively seeking domestic investment with a good return/risk ratio, with Finnish investments making up 39% of the total investment portfolio.“We have found some good ones in both private equity and debt and real estate investments,” he said.Meanwhile, Nordea’s Life & Pensions division saw a 13% drop in operating profit in the third quarter of this year, as a write-down of acquisition costs in its Polish unit hit results for the whole business segment.Operating profit in the July to September period fell to €73m, down 13% from the second quarter, the Nordic and Baltic financial group said in its interim report.It said: “The decrease is in its entirety attributable to a write-down of deferred acquisition costs in the Polish pension fund subsidiary, of €27m.”The profit contribution from the underlying business, however, continued to increase, it said.Gross written premiums for the life and pensions division rose to €1.61bn in the third quarter, up 14% from the same quarter in 2013.Assets under management grew to €56.8bn at the end of September from €55.5bn at the end of June, and €53.3bn at the end of December. Investment returns bounced back for Finland’s Etera Mutual Pension Insurance Company in the first nine months of this year, rising to 4.5% after a 0.4% loss in the same period last year.Reporting unaudited figures for January to September 2014, Etera said the market value of its investment portfolio had grown to €5.7bn at the end of September from €5.6bn at the same point in 2013.Stefan Björkman, managing director, said: “Our broadly diversified portfolio has worked well in the current market situation.”He said investments generated a steady return during the third quarter of the year.
Ghana’s James Kotei was an unused substitute in Kaizer Chiefs’ PSL opening game against Highlands Park on Sunday.The Amakhosi won 3-2 to start their campaign with 3 points and they gave debuts to three of their new signings except Kotei.The former Simba FC midfielder stayed on the bench throughout and after the game, Chiefs head coach, Ernst Middendorp, gave his reasons for not using the player in the game.“James Kotei we haven’t used at the moment because he needs a little bit more time. He got flattened in this time (pre-season), playing 10 games in 15 days.You can see it, he is not in a way where you can bring him in at the moment. All the players are needed, it is not a one-man show.”From Middendorp’s comments, it seems Kotei will require a bit more fitness before he gets to make his league debut for Kaizer Chiefs. read more
Newsroom GuidelinesNews TipsContact UsReport an Error ANAHEIM — Blake Parker said his perfect inning Tuesday night was “a step in the right direction.”Literally.Parker had struggled in spring training and in his first two outings of the regular season. A day after setting the Cleveland Indians down in order Tuesday night, Parker said he looked at some video and realized he needs to focus on driving directly toward the plate.“I’m trying to get back to simplifying things, throwing strikes and attacking hitters,” Parker said Wednesday morning. “That’s who I’ve always been. I’ve been a strike-thrower. Go after guys and put them away with my stuff. I kind of got away from that.” Parker, who added another perfect inning in the 11th inning of Wednesday’s game, said he was “trying to create something” and his mechanics may have gotten out of whack.He conceded that he’s had a different mindset this year. A journeyman reliever for most of his career, last year he had a breakthrough season with the Angels, ascending all the way to the closer role.“I didn’t pitch great in spring training, even though I felt OK and that kind of frustrated me,” he said. “Maybe I felt I had to re-prove myself or prove myself in a different way.”Parker gave up 14 runs and 19 hits in 8-2/3 innings in the spring, and then he allowed six of the first 10 hitters he faced in the regular season to reach base.He was pulled one out into the ninth inning Sunday, before Keynan Middleton bailed him out to get the save. Parker wanted to get back on the mound Tuesday night, even though it was a low leverage spot with an 11-2 lead. “Blake looked a little more comfortable on the mound,” Manager Mike Scioscia said. “Hopefully he’s getting acclimated back into his rhythm.”Although Scioscia hasn’t named a closer, the situations in which he used Parker in his first two games indicate he’s the manager’s first choice. Scioscia said nothing should be read into the situation in which he pitched Tuesday, because they had several relievers unavailable from pitching Monday.NEW PITCHERThe Angels acquired right-hander Miguel Almonte from the Kansas City Royals in exchange for cash consideration or a player to be named.Almonte, who was optioned to Triple-A, will be used out of the bullpen in the Angels system. Almonte, 25, has pitched 10-2/3 innings in the majors in brief appearances in 2015 and 2017. A former top 100 prospect, Almonte has a career 3.77 ERA and 8.7 strikeouts per nine innings in the minors.General Manager Billy Eppler said Almonte has “a big arm with good secondary stuff,” and the Angels will look to him as multi-inning reliever.In order to create a spot on the 40-man roster, the Angels designated catcher Juan Graterol for assignment.ALSOMatt Shoemaker, who was placed on the disabled list with a strained forearm on Tuesday, said he underwent an MRI earlier on Wednesday, but the Angels had not yet released the results. Shoemaker said he expected to undergo additional tests. …Ian Kisler (groin) has been feeling “really good,” Scioscia said. He is expected to resume baseball activities over the weekend. Scioscia said the Angels are expecting Kinsler to be able to play when he’s eligible to come off the disabled list Tuesday. …Andrew Heaney (elbow inflammation) is scheduled to pitch for Inland Empire on Friday. Heaney is expected to throw 80 to 90 pitches. If that goes well, he could rejoin the rotation next week, when the Angels go to six starters.UP NEXTAngels (Parker Bridwell, 10-3, 3.91 in 2017) vs. A’s (Daniel Gossett, 0-1, 9.00), Friday, 7 p.m., Fox Sports West/KLAA (830 AM). read more