The launch of the credit fund – officially called LPPI Credit Investments LP – follows similar launches by LPP of private equity, infrastructure and global listed equity vehicles, all within the last 12 months.LPP said it planned to launch fixed income and total return funds in the near future.The partnership has £12.8bn of assets under management from its two founder pension funds. A third local authority fund, the £2bn Royal County of Berkshire Pension Fund, has provisionally agreed to join LPP but has yet to invest significantly in the pooled funds launched so far.In a draft version of Berkshire’s annual report for 2016-17, the fund said it would be “uneconomic” to pool asset classes such as private equity and infrastructure due to transfer costs and “the inequality created by sharing future returns”. It said it would consider future investment opportunities as they become available.“[The pension fund has judged that initially liquid assets will achieve the most instant benefits from pooling,” Berkshire said. However, its only liquid assets were developed market, emerging market and frontier market equities, as of the end of March 2017. The Local Pensions Partnership (LPP) has launched a £1.3bn (€1.5bn) credit fund, the fourth such asset-pooling vehicle it has set up in the past 12 months.LPP – the collaboration between the London Pensions Fund Authority and Lancashire County Pension Fund – announced the launch this morning. The fund will pool the credit assets of the two founding pension schemes.The credit fund is a limited partnership structure and will be managed by LPP Investments, LPP’s in-house asset manager. In a statement, LPP said the fund would have a “long-term, buy-and-hold investment approach with a focus on reduced volatility and capital preservation”.Susan Martin, LPP’s chief executive, said the fund was “another example of how collaboration can benefit our shareholder funds by delivering not only sustainable long-term investment outcomes, but also cost savings through manager consolidation and an enhanced internal investment capability”.
Basketball players of Igokea from Aleksandrovac near Laktaši defeated Croatian basketball club Zadar with 90:75 in the match of 21st round of ABA League.The most efficient player of Igokea was Edwards with 15 points, Jorović 14, and Joksimović 10 points.In the team of Zadar, the most efficient player is Kastropil with 19 points.With this victory, Igokea kept the leader position at the scoreboard of ABA League.Scoreboard:1. Igokea 21 16 5 1611:1470 372. Crvena zvezda 21 15 6 1715:1521 363. Budućnost 21 13 8 1521:1435 344. Radnički 21 13 8 1695:1617 345. Partizan 21 13 8 1537:1484 346. Cedevita 21 12 9 1568:1551 337. Union Olimpija 21 11 10 1616:1604 328. MZT Skopje 21 11 10 1544:1568 329. Krka 21 9 12 1459:1546 3010. Cibona 21 7 14 1607:1620 2811. Široki Brijeg 21 7 14 1534:1575 2812. Zadar 21 7 14 1560:1630 2813. Split 21 7 14 1469:1599 2814. Szolnoki Olaj 21 6 15 1490:1706 27