ISIF’s portfolio was worth €8.8bn at the end of 2018.The fund, the successor to the National Pensions Reserve Fund, has a statutory mandate to invest on a commercial basis while supporting economic activity and employment in Ireland – a so-called double bottom line mandate, utilises ISIF’s characteristics of scale, flexibility and a long-term investment timeframe.As part of this, ISIF is gradually shifting the global portfolio into an Irish portfolio as investment opportunities in Ireland are executed and capital is drawn down from overseas assets.By the end of last year, ISIF had invested €4.1bn in domestic projects. Co-investors had backed the same projects with a further €7.5bn giving a total of €11.6bn committed to projects in Ireland.Following a review by the country’s finance ministry the fund has revised its investment strategy, introducing a €3bn five-year programme to transition from its existing broad investment strategy to focus on five key areas: regional development, housing, indigenous businesses, climate action and Brexit.Further readingHow Ireland’s sovereign fund will invest from 2019Irish government wants to lead in green finance Credit: Patrick FrostISIF director Eugene O’Callaghan unveils the fund’s strategy at December’s IPE Conference in DublinAs part of this, ISIF said it would seek to address shortfalls in capital markets to provide finance for up to 25,000 homes by 2025.In terms of climate action, ISIF planned to build on its existing investments in renewable energy and carbon emission reduction to support Ireland’s transition to a low-carbon economy.The fund said it would seek out commercial investments in businesses that may be adversely affected by Brexit, to enable long-term product and markets diversification.However, the fund said it would continue to pursue investment opportunities that were suitable for its “connectivity fund” sub-portfolio, which includes existing investments in airport and port infrastructure and projects enhancing Ireland’s global data and IT connectivity.The fund would also selectively take advantage of compelling opportunities that were consistent with its mandate and did not fit under the priority themes, it said. The Ireland Strategic Investment Fund (ISIF), the republic’s sovereign development fund, has reported a 1.1% loss across its investment portfolio for 2018.The fund said the performance reflected global declines across almost all major asset classes, with its global portfolio falling by 3.1%.However, its domestically focused portfolio gained 4.7% during the year, meaning ISIF has averaged a 1.8% annual gain since its inception in 2014.In 2017 the fund made a 4.3% overall investment return, including a 4.1% gain on its global portfolio and 4.5% on the Irish portfolio.
The Badgers are getting ready to face the Bemidji State Beavers for the Western Collegiate Hockey Association Final Faceoff as the University of Wisconsin women’s hockey team (29-3-2) heads off to Minneapolis to take on Bemidji (16-18-3) Saturday at the Ridder Arena.UW has previously defeated Bemidji State in four other face-offs this season, giving the Badgers some confidence walking into the match on Saturday. The No. 1 ranked Badgers have beat the No. 4 ranked Beavers in the past three Final Faceoff games, so Wisconsin is looking to keep their win streak alive this weekend.If Wisconsin wins Saturday, the Badgers will move on to play the victor of Ohio State and Minnesota on Sunday. Whoever wins the Sunday game will solidify their spot in the 2018 National Collegiate Women’s Ice Hockey Championship.Canada defeats United States in Olympic women’s hockey preliminariesIn a thrilling battle between rivals Team USA and Canada, the United States women’s ice hockey team fell short in Read…Wisconsin’s leading scorer, Abby Roque, will go up against Bemidji’s top goal scorer, Haley Mack, in a Midwestern showdown. Both girls born and raised in the Midwest, and are looking to take home the victory in their conference. Roque is entering Saturday’s game with 26 assists and 35 points just this season, leading the team in both categories. Mack also heads her team in points, with 25 goals this season.The Badgers have quite the advantage going into this weekend’s game, but it is not time to be complacent. Their last match up against Bemidji ended in a tie game, with Wisconsin winning the shootout 2-1.Wisconsin stars Maddie Rowe and Brette Pettet scored two shootout goals to lock in their fourth win of the season versus the Beavers. But Bemidji will be coming in with a vengeance, so the Badgers have to be on top of their game in Minnesota.Women’s Hockey: Badgers finally fall, lose two straight against surging BuckeyesAll good things must come to an end. This was the case for the incredible in-conference undefeated streak the No. Read…Bemidji State is coming off of a win versus Minnesota Duluth this past Sunday in the first round of the WCHA Playoffs. Because Wisconsin has been ranked number one all season, they were granted a bye for the quarterfinals of the Faceoff. They haven’t played a game since their Feb. 17 matchup against Minnesota, giving them time to rest and prepare for the tournament.While the Badgers have had some much deserved R & R, they are now back on the ice and ready to battle the Beavers. This game will give them the confidence moving forward for the NCAA games coming up soon.Puck drop is scheduled for 2 p.m. this Saturday from Minneapolis. read more
RAMELTON’S Conrad Logan has signed a new contract with Rochdale.The club confirmed this afternoon that Logan will remain at the Crown Oil Arena until the end of the season.Rochdale face Barrow in the FA Cup this weekend and Logan’s original deal was set to expire following that gamesHowever, Logan – who is in his second spell at the club – penned a new contract today.The goalkeeper returned to the club in August and has made 14 appearances in all competitions during this campaign.“I enjoyed it when I was here previously and I’ve really enjoyed it since I’ve been back,” Logan said.“Everyone is enjoying their football and we’ve got good support from the fans, too.“The bunch of lads that are here, the management and the staff all work hard to try and achieve, and we’re reaping the benefits of that now.”It was confirmed yesterday that Logan is to receive an International Achievement Award at the Donegal a Sports Star Awards later this month.His former club, Swilly Rovers, nominated Logan who has been confirmed as the recipient following his winning of the Scottish Cup in May with Hibernian.Ramelton’s Logan signs new deal at Rochdale was last modified: January 4th, 2017 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:conrad loganRochdale read more