By Dialogo May 01, 2012 One of the two police officers reported missing two weeks ago while engaged in operations against the Shining Path guerrilla group in southeastern Peru turned up alive on April 29, the interior minister announced. “Sergeant Luis Astuquillca Vásquez of the Peruvian National Police has turned up alive and in good health in the locality of Kiteni, in the district of Echarate, in the province of La Convención, in Cusco (in southeastern Peru),” an official statement indicated. He turned up “thanks to the action of the civilian population, which turned out to support the unceasing search by members of the forces of order,” the document added, emphasizing that Astuquillca also survived due to “his abilities and training in survival.” The minister noted that the search continues for Sergeant César Vilca Vega, the other agent who “disappeared during operations against the criminal terrorists of the VRAE (Apurimac and Ene River Valley).” Astuquillca disappeared on April 12 amid Army and police operations in search of 36 employees of a gas firm who had been kidnapped on April 9 and were released five days later by Shining Path. The mayor of the province of La Convención, Fedia Castro, informed the broadcaster Radioprogramas del Perú that the agent was receiving care at the health center in Kiteni, a jungle town. The police officer reached that locality on his own, with a bullet wound in his right thigh and showing symptoms of dehydration, but is in stable condition, according to the station’s report. The disappearance of the two agents gave rise to a massive mobilization in search of them, by combined Army and police patrols.
PGB, the €27.3bn Dutch multi-sector pension fund, said it intended to raise its contributions by 4 percentage points to 28% next year in order to keep pensions affordable.It said the rise was particularly necessary because of ever declining interest rates as discounting criterion for its liabilities.The introduction of a new and lower discount rate for liabilities next year as well as the transition to a new pensions system also required a significant contribution increase, it added.The pension fund had kept the premium for 2020 at last year’s level of 24%, to enable workers and affiliated companies with average salary arrangements to prepare for a rise. The board said its decision to increase premiums was based on the scheme’s last year’s financial position.Since then, its funding level had dropped 2.7 percentage points to 100.6% at the end of March. However, the board said that, despite its worries about the current situation, it was too early to make predictions for righs cuts next year.The pension fund posted a net return of 16% for 2019 – an underperformance of 0.4 percentage points – and attributed the overall return largely to the value increase of its fixed income holdings as a consequence of falling interest rates.Its 39.4% matching portfolio had returned 11.7%, exceeding the benchmark by 0.5 percentage points, especially due to the contribution from credit risk in its credit and residential mortgages holdings, it added.In contrast, the 19% gain of its securities portfolio reflected an underperformance of 2.6%, in part as a result of depreciating equity put options following significant market rises in 2019, the scheme said.In its annual report, it said the scheme had decided to develop a policy aimed at reducting carbon emissions within its 48.6% equity holdings, adding that is was also measuring the carbon footprint of its credit portfolio.It indicated that it had raised its impact investments by €462m to €654m last year, largely through purchasing green bonds.Currency hedgingPGB said it had introduced a new dynamic hedge to dollar, sterling and yen, which is subject to differences in interest rate levels, purchasing power as well as market trends of foreign currencies relative to the euro.The approach reflected a fine-tuning of its standard hedge of 75% of non-euro currencies of developed countries, explained Rob Heerkens, trustee for balance and asset management. The dynamic cover ranges from 50% to 100%.He said that PGB does not cover the risk posed by emerging market currencies. Last year, it had hedged 54% of its exposure to non-euro currencies.The multi-sector scheme raised the minimum level of its dynamic interest hedge – linked to the 20-year swap rate – from 20% to 30%. Its current cover stands at approximately 38%.SystemsThe scheme also said that it would move its Amsterdam-based office to Amstelveen this year, and that it was preparing to replace its internal investment information system as well as its system for pensions administration and client services.Jochem Dijckmeester, the pension fund’s chair, said the new administration system was largely aimed at the new arrangements in the wake of the pensions agreement, which are expected to require tailor-made services.He added that a decision about a new Information and communications technology (ICT) system is to be made this year.Dijkckmeester added that the scheme wanted to increase the board’s efficiency by adding the option of filling future vacancies of workers’ and employers’ representatives with two expert trustees.However, he said the pension fund also wanted to stick to the concept of equal representation of workers, pensioners and employers.PGB has 86,370 participants, 79,625 pensioners and 157,165 deferred members, affiliated with 2,575 employers. It posted an 8.3% loss over the first quarter of 2020.To read the digital edition of IPE’s latest magazine click here.
Sabia finished fifth in the 800 at the 1984 Los Angeles Games and seventh at the 1988 Seoul Games. He also won the 800 at the 1984 European Indoor Championships.Sabia died in his hometown of Potenza in southern Italy shortly after his father also died from the virus.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 The track worlds were originally scheduled for Aug. 6-15, 2021.World Athletics president Sebastian Coe says 2022 will be a “bonanza for athletics fans around the world” with the Commonwealth Games beginning in Birmingham, England, only three days after the track worlds.The 2022 Commonwealth Games are scheduled for July 27-Aug. 7 and the multisport European Championship is currently slated for Aug. 11-21 in Munich.World Athletics has also postponed the bidding processes for 2023 World Athletics Series events. They will now open in November 2020.___ The Spanish league estimates $1 billion euros ($1.1 billion) in losses if the competition can’t resume.___Former French rugby player Christophe Pras has died after getting infected by the coronavirus.Several of his former clubs announced the death. He was 35.The former under-18 France international had a short-lived professional career before going into coaching. The 38 match alerts in the year’s first quarter break down as six from the ATP Challenger Tour and 16 apiece from the men’s and women’s International Tennis Federation World Tennis Tours.The report concludes the jump indicates that entry levels of tennis “were deliberately targeted” as the sport moved toward suspension because of the outbreak of COVID-19.All pro tours are on hold until at least mid-July.___The players and coach on Switzerland’s national soccer team have declined to take more than 1 million Swiss francs ($1.03 million) of payments that were due from their federation in 2020. The Latest: Fauci bobblehead a hit, raises cash for masks The delay does not impact the start of the Saratoga racing season which is scheduled to begin on July 16 and run through Sept. 7. The meet will be highlighted by the Travers and Whitney.In New Jersey, Monmouth Park has pushed back the opening of its stable area until June 1. That’s a month later than the planned opening. Live racing is set to start the Fourth of July weekend.The centerpiece of Monmouth Park’s summer season is the $1 million Haskell Invitational on July 18. The winner of the 1 1/8 mile race earns a spot in the Breeders’ Cup Classic. It also will serve as a prep race for the Kentucky Derby, now slated for Sept. 5.___A groom who worked at Belmont Park has died from complications of coronavirus. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Bobblehead Hall of Fame CEO Phil Sklar will present a virtual $100,000 check Wednesday afternoon to the Association for Healthcare Philanthropy after the Milwaukee-based museum launched a fundraising campaign with a Dr. Anthony Fauci bobblehead that became its best-seller ever. April 8, 2020 ___The president of the International Paralympic Committee says the body has “cash-flow” problems because of the Olympic and Paralympic postponement until 2021.Andrew Parsons says about 5% of spending is being cut from the IPC’s budget. A 2018 financial report showed a budget of 24 million euros ($25.7 million).Parsons says the problem was due partly to broadcast rights holders who want to delay their payments until the product is delivered.Parsons says it’s not a question of “losing money” but rather some temporary belt tightening. The New York Racing Association says Martin Zapata died Tuesday. The 63-year-old native of Panama had spent the past two years working for trainer Tom Morley in New York, which has been hard-hit by the pandemic.NYRA says Zapata tested positive for COVID-19 on March 24 and was hospitalized two days later. He lived and worked at Belmont Park.___Sevilla has become the latest Spanish soccer club to put its players on furlough to reduce labor costs during the coronavirus pandemic.The club says the measure was needed because it was significantly affected financially by the stoppage of competitions in Spain and Europe. Pras is survived by his wife and two children.___The group charged with monitoring tennis gambling and punishing corruption found a near-doubling in the number of suspect matches in the first three months of 2020. That is an increase it ties to the coronavirus pandemic.The London-based Tennis Integrity Unit’s quarterly report says it received a total of 38 alerts from the regulated betting industry about matches on lower-level tours from the start of the year through March 22.That is up from 21 in the same period of 2019. More than 20,000 orders had come in as of Wednesday from 50 states and a dozen-plus countries to support the “100 Million Mask Challenge.” The Fauci bobblehead was unveiled April 1.The creation features Fauci wearing a suit as he makes a motion showing how the nation needs to “flatten the curve” in the coronavirus pandemic.The museum picked Fauci because many people see the plain-speaking expert on the coronavirus as a hero right now, Sklar said. ___TCU football coach Gary Patterson and his wife, Kelsey, made a $50,000 donation to support the school’s Frog Family Crisis Fund. The team was scheduled to play in the now-postponed European Championship in June and had two games in Qatar canceled last month because of the coronavirus pandemic.The shutdown of games has cost the Swiss soccer body millions of dollars.Federation chairman Dominique Blanc says it’s a “magnificent gesture” from the players.Blanc tested positive for the virus three weeks ago.Team captain Stephan Lichtsteiner says “we wanted to set an example and show solidarity.” Athletic director Jeremiah Donati announced the donation in a tweet. The fund supports TCU students and their families who are in need during times such as the current pandemic.Patterson is the second-longest tenured FBS head coach, going into his 20th season next fall leading the Horned Frogs. He was their defensive coordinator three seasons before that.___The opening of the stable area and training track at Saratoga in upstate New York and barn area at Monmouth Park in New Jersey is being delayed because of the coronavirus pandemic.The Oklahoma training track at Saratoga was set to open April 15. The New York Racing Association says it has yet to decide an appropriate date to safely open. He says “like all businesses we are tremendously affected by the COVID-19 crisis.”He says he is dealing with 150 contracts that are games-related but adds “we have no plans to let any staff go at the moment.”___The track world championships in Eugene, Oregon, have been rescheduled for July 15-24, 2022.The event was pushed back a year because the Tokyo Olympics were delayed until 2021 amid the coronavirus pandemic. Formula One says it will furlough half of its staff until the end of May and senior executives will take pay cuts amid the coronavirus pandemic.F1 has postponed eight races so far this season and the Monaco Grand Prix has been canceled.F1 says senior leadership figures will take “voluntary pay cuts while still continuing to work and not in furlough.”CEO Chase Carey will take a “much deeper” pay cut.The McLaren and Williams teams had already put some staff on furlough schemes. McLaren drivers Lando Norris and Carlos Sainz have also taken pay cuts. It says it reached an initial agreement with the first-team players and coaches regarding their salaries but no details were immediately released.The club says 360 employees in total will be affected. It says workers who can continue doing their jobs remotely will not go on furlough.The current contracts will remain valid after the furloughs end.Barcelona and Atlético Madrid had already requested government furloughs to reduce labor costs. They reached agreements with players to reduce their salaries by 70%.The league said Tuesday eight teams had already requested the furloughs. It expected nearly all clubs in Spain to eventually reach agreements for the reduction of salaries of their players. The season is currently scheduled to begin in France on June 28. F1 management has said it still hopes to hold between 15 and 18 races this year in place of the original 22.___A two-time Olympic finalist in the 800 meters has died after getting infected with the coronavirus.The Italian Olympic Committee says Donato Sabia has died. He was 56.CONI says he is the first Italian Olympian to die with the virus. Associated Press