TOBAM seeks to bring Bitcoin to institutional investors

first_imgTOBAM is looking to raise money from institutional investors for Europe’s first mutual fund investing in Bitcoin.The French asset manager – a specialist in smart beta strategies – has developed an in-house team focussed on cryptocurrency research. It said cryptocurrencies had “the potential to become durable standards in financial and saving markets”.Yves Choueifaty, president of TOBAM, described Bitcoin as a “highly diversifying asset”, and said the company had conducted research into the digital currency “from a technical, financial, economic and regulatory point of view” for a year prior to the launch of the fund.“This first move in the world of cryptocurrencies showcases our dedication to remaining ahead of the curve and to providing our clients with innovative products in the context of efficient (i.e. unpredictable) markets,” Choueifaty said.  The fund is available via private placements into an unregulated alternative investment fund domiciled in France.In a statement, TOBAM said its fund allowed institutional investors to access the cryptocurrency “in a more convenient and safer vehicle”.  “While Bitcoin is prone to significant risks, including a very high level of volatility, it also provides diversification benefits,” the company said.TOBAM said it had “developed cybersecurity systems and cutting-edge technological capabilities over the past 12 years, both of which will back up the structure and functioning of the fund”. This included the management of “forks”, which occur when a change or update is made to the algorithm behind Bitcoin.Bitcoin’s value has exploded in the past 12 months, growing more than 1,000% in dollar terms from $748 to $8,263, according to Coindesk. Source: CoindeskHow the price of Bitcoin versus US dollar has developed in the past 12 monthslast_img read more

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Hughton happy at Norwich

first_img Press Association Chris Hughton all but ruled himself out of the Ireland job and insisted that he wants to repay Norwich for their faith in backing him with big cash in the summer transfer window. The Norwich boss has been linked with the Irish job vacated by Giovanni Trapattoni following Ireland’s 1-0 World Cup qualifying defeat by Austria. Hughton, who was born in England but qualified to represent for Ireland through his mother, played 53 times as full-back for the country between 1979 and 1991. He also served as the national team’s assistant manager under Brian Kerr from February 2003 to October 2005. “There will be some very good names mentioned. I don’t know which way they will go but there won’t be any shortage of candidates. “For anybody who takes a job like that it is about timing. It is a different management philosophy (Premier League compared to international), a different week, the simple one is that it is day to day football and involvement with players (in the Premier League) and international level is not that. But it suits some people at some stage and others not.” Hughton said that he was not surprised by Trapattoni’s sacking but added: “He’s done a fantastic job there. We have to respect the fact that it is a nation that is not expected to qualify for all the championships that they enter. I am disappointed to see him go because he is a fellow manager.” The ex-Newcastle and Birmingham manager, however, steered Norwich to Premier League survival last season and brought in eight players over the summer, including Dutch striker Ricky van Wolfswinkel, at a cost of around £25million. Hughton, who has been linked with the Irish job along with others such as Martin O’Neill and Roy Keane, said: “I understand my name has been mentioned along with other previous players for Ireland. It is absolutely just speculation. “I am manager of Norwich, I am extremely happy here. We spent and invested more this summer than we ever have done. I have had support from the board here. I have a group of supporters who are fanatical and want this team to do well and I have the same challenges here as the supporters and the players have. I am incredibly happy here. “There has been no official approach. We are a club I would like to think which is going in the right direction.” Hughton was coy on the question of whether he would like to manage Ireland some time in the future, not wanting to fuel any conjecture before Norwich face his former club Tottenham at White Hart Lane on Saturday. “I can only answer questions to the appropriate people which is why my decision is to talk about how happy I am here at Norwich,” said Hughton. “Anything I might say over and above that might be construed in a different way. I was very proud to play for Ireland and I always want to see Ireland winning football matches but my responsibility is here. “The club have shown great faith in me. They have spent very big in the summer. There is a project here, one started before I got here, and it is a challenge I am very much looking forward to. last_img read more

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Paul confident of doing well in Super50; Yadram wants to make impact

first_imgKEEMO Paul, one of the three overaged players selected for the West Indies Under-19 squad, said that the daily training with the Guyana Cricket Board (GCB) academy coaches has given him great confidence to perform to his expectations during the 2017 NAGICO Regional Super50 tournament.Paul, the 18-year-old who was the vice-captain of the victorious West Indies Under-19 team at the 2016 International Cricket Council (ICC) Youth World Cup in Bangladesh, will make up the Regional youth side as one of the players who will not feature in the 2018 Youth World Cup.“I have been doing a lot of training with the Guyana Cricket Board (GCB) academy coaches both in the gym and in the nets. It helped me to improve my strengths and work on my weaknesses so I am confident,” he pointed out.Paul played in the last Regional Super50 tournament with the West Indies U-19s, in which he scored 15 runs from three matches while be bowled without capturing a scalp, but this time around the all-rounder feels he is better prepared to deliver.Bhaskar Yadram“I am confident of doing well,” he said.He added, “These players are preparing to defend the U-19 World Cup so I will be happy to share my experience and render assistance in other areas which will help them going forward”.According to a West Indies Cricket Board (WICB) source, the all-rounder was selected because the WICB wants to continue to nurture his talent with hopes of him ascending to the highest level like they did with other outstanding youth players over the years.Meanwhile, Paul’s Guyanese counterpart, Junior Cricketer-of-the-Year 2016, Bhaskar Yadram wants to hit the ground running, and make an immediate impact.“I’m very excited,” said the opening batsman.He added, “My main aim is to score as many runs as possible, and at the same time get wickets. It’s a great opportunity so I want to make full use of it”.The duo will depart today for Antigua. While the final squad is yet to be confirmed by the West Indies Cricket Board (WICB), a source close to the WICB selection panel informed Chronicle Sport that the Guyanese duo will be part of the 14-man squad.The Under-19s will do battle in Group A of the Super50 which runs from January 24 to February 18 in Antigua and Barbados.Title-holders Trinidad & Tobago Red Force, along with Leeward Islands Hurricanes, Windward Islands Volcanoes and visiting English County Kent Spitfires,have also been installed in Group A.Group B, meanwhile, comprises last year losing finalists Barbados Pride, Guyana Jaguars, Combined Campuses and Colleges Marooners, Jamaica Scorpions and ICC Americas.The Super50 tournament will serve as part of the build-up for the Under-19s as they ready themselves for the defence of their ICC Youth World Cup title captured last year in Bangladesh.last_img read more

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Cricket statistician of the Duckworth-Lewis method dies aged 78

first_imgTONY Lewis, the mathematician and statistician who co-devised what became known as the Duckworth-Lewis method for settling weather-affected limited-overs matches, has died at the age of 78.Lewis and fellow academic Frank Duckworth came together to produce a fairer method of settling such games than the controversial system which had been used at the 1992 World Cup.Their new system was first used in 1997 for a Zimbabwe v England game, and officially adopted by the International Cricket Council (ICC) in 1999.Duckworth-Lewis calculates targets based on the batting team’s remaining resources – wickets in hand, and overs in hand – via mathematical formulae.In 2014, Australian professor Steven Stern became the custodian of the system, on the retirements of Duckworth and Lewis, and it is now known as the Duckworth-Lewis-Stern (DLS) method.The England and Wales Cricket Board said in a statement: “Cricket is deeply indebted to both Tony and Frank’s contributions to the sport. We send our sincere condolences to Tony’s family.”Born in Bolton, Lewis was a lecturer at the University of the West of England when he and Duckworth came together after South Africa’s target in the 1992 World Cup semi-final against England was comically reduced from 22 runs off 13 balls to 22 runs off one ball.Duckworth explained in 2007: “I recall hearing Christopher Martin-Jenkins on radio saying ‘surely someone, somewhere, could come up with something better’ and I realised that it was a mathematical problem that required a mathematical solution.”Lewis and Duckworth were appointed MBEs in 2010.Around the same time, an Irish pop group formed by Neil Hannon of The Divine Comedy and Thomas Walsh of Pugwash – calling themselves The Duckworth Lewis Method – released two cricket-themed concept albums in 2009 and 2013.last_img read more

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Syracuse women’s lacrosse lands No. 2 spot in preseason poll

first_imgSyracuse landed the No. 2 spot in the Nike/US Lacrosse Division I Women’s Lacrosse Preseason Top 20, which was released on Tuesday. The Orange return six of their seven top scorers, including sophomores Megan Carney, Meaghan Tyrrell and senior Emily Hawryschuk — responsible for 32, 37 and 75 goals last season, respectively. A majority of the starting defense from last year’s team will also be returning for SU.The top 20 features North Carolina in the No. 1 spot, followed by the Orange, Maryland, Northwestern and Boston College. The list includes a total of five Atlantic Coast Conference teams (Virginia at No. 7 and Notre Dame at No. 11). Despite beating Northwestern in a 15-14 overtime thriller during the regular season last year, the Orange were eliminated from the NCAA tournament after a quarterfinal defeat at the hands of the Wildcats. Syracuse also suffered 12-14 and 13-14 defeats against then-No. 1 Boston College, as well as losing to UNC and Maryland. Last season’s 16 wins, however, did include victories against five teams who landed a spot in the preseason top 20: Virginia, Notre Dame, Loyola, Florida and Georgetown in the second round of the NCAA tournament.  AdvertisementThis is placeholder textThe Orange closed out their season with a sixth quarterfinal appearance in the last eight years, and have only missed the tournament once in the past decade.  Comments Published on December 17, 2019 at 8:14 pm Contact Roshan: rferna04@syr.edu | @Roshan_f16 Facebook Twitter Google+last_img read more

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Scout Gaming appoints Johan Öhman as Director of Excellence

first_img European daily fantasy sports (DFS) solutions provider Scout Gaming has confirmed the appointment of former NetEnt Chief Executive Johan Öhman as its new Director of Business Excellence.A seasoned industry executive, Öhman served as Chief Executive of leading industry games developer NetEnt from 2006 to 2011, guiding the enterprise through its initial public offering on the Stockholm Nasdaq in 2009.The appointment sees Öhman return to the betting sector having most recently served as CEO of digital securities network Clavister (2016-2017).Taking on the leadership position, Öhman will advise Scout Gaming on building effective operations, stakeholder management and creating commercial utilities.“Scout is in a similar position as NetEnt back in early 2000, addressing a new and rapidly growing market with a market leading and innovative solution,” said Öhman.“The social drivers behind the game are easy to understand and the technological solution offers a smooth and easy integration for B2B customers.”Scout Gaming chief executive Andreas Ternström commented on the appointment: “Johan Öhman is a gambling veteran with great knowledge from building successful companies.“In addition to his wide understanding of the gambling sector he will, in particular, bring his knowledge about business processes and strategic planning to Scout.” StumbleUpon Submit Share Scout Gaming secures £6.5m through bookbuild July 17, 2020 Share Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 LeoVegas hits back at Swedish regulations despite Q2 successes August 13, 2020 Related Articleslast_img read more

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We’ll increase sports infrastructure ahead of 2023 All Africa Games – Nana Addo

first_imgGhana’s sporting infrastructure will see some upgrading in the coming months and years because the country will host the rest of the continent during the 2023 All Africa Games.This was what the President, Nana Addo Dankwa Akuffo Addo, said during his 3rd State of the Nation Address to Parliament on Thursday.Ghana has been given the rights to host the event in 2018.  The country will host several sporting disciplines and the President has revealed his intentions of getting Ghana ready for the huge competition by increasing the pool of sports infrastructure.“Ghana won, last year, the bid to host the 13th All Africa Games. It presents our nation with the opportunity to upgrade sporting infrastructure in the country, and position our nation as a preferred destination for the development of sporting disciplines on the continent.”“We have begun renovating and upgrading our sporting infrastructure such as the Accra and Cape Coast Sports Stadia, and the Azumah Nelson Sports Complex in Kaneshie, and a complete refurbishment of sports facilities across the country.”“Funds have also been released for the completion of the University of Ghana Sports Stadium, started by the Kufuor-led NPP Government, but abandoned soon after 2009,” he added.President Akufo-Addo also gave an update on the Normalisation Committee’s work in the area of reforming Ghana football after the Anas Aremeyaw Anas Number 12 documentary.“The Ghanaian people are also expectant of a return to normalcy of all football-related activities as soon as possible, and the Normalization Committee is working to ensure that they meet the March deadline.”Earlier this week, the Normalisation Committee told the Sports Committee of Parliament that it would finish its mandate  by March and pave the way for elections to be held in a bid to create a new Ghana FA Executive Committee to replace the one that had some members being implicated in alleged acts of corruption captured in the Anas “Number 12” documentary.–By: Nathan Quao/citinewsroom.com/Ghanalast_img read more

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Caf likely to change Libya as host of U-20 tournament

first_imgLibya’s position as host of the African U-20 tournament is under threat following days of bloody anti-government protests which have claimed more than 100 lives.The Confederation of African Football is expected to take a final decision on the hosting of the African U-20 Championship in Libya.Escalating violence and loss of lives in the North African State means the tournament is likely to be staged by a new host country and a new date.South Africa or Ghana are said to be likely hosts of the tournament.The decision could be taken at the 33rd General Assembly of Caf on Wednesday 23rd February 2011.Source: Yaw Ampofo Ankrah/Sudanlast_img read more

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Ashes 2013: Australia sack coach Mickey Arthur

first_imgAustralia coach Mickey Arthur has been sacked just 16 days before the start of the Ashes series against England.The South African faced criticism following poor performances and disciplinary issues within the camp.Cricket Australia say they will “discuss the coaching structure of the team” at a news conference in Bristol, scheduled for midday.Arthur, who was Australia’s first overseas coach, succeeding Tim Nielsen in 2011, told BBC Sport he was shocked.The 45-year-old will also address the media at the news conference.Reports in Australia have claimed that Australia captain Michael Clarke has stepped down from his role as a selector.Australian media have reported that former Test batsman Darren Lehmann, currently coaching the Australia A side in England, will replace Arthur.Lehmann played 27 Tests and 117 one-day internationals for Australia between 1996 and 2005.Michael Vaughan, the former England captain, said on Twitter that his former Yorkshire team-mate Lehmann “will get them right” if he was to take over the Australian side. The first Test against England starts on 10 July at Trent Bridge but Australia face two four-day warm-up matches beforehand. The first game against Somerset starts on Wednesday, 26 June and is followed by a game against Worcestershire from Tuesday, 2 July.Arthur coached Australia to 10 wins and six defeats in 19 Test matches.The latter stages of Arthur’s tenure were beset by problems on and off the field.In March 2013, four players – vice-captain Shane Watson, Mitchell Johnson, James Pattinson and Usman Khawaja – were dropped for the third Test of the tour to India for failing to submit presentations on team strategy.All-rounder Watson returned to captain the side for the fourth Test in place of the injured Michael Clarke, but defeat in Delhi saw Australia lose the series 4-0.In May, opening batsman David Warner was fined £3,700 (AU $5,750) for posting abusive comments to journalists on his Twitter account.Warner was later suspended until the first Ashes Test, and fined £7,000 (AU $11,500), for punching England’s Joe Root in a bar following Australia’s defeat to England in the Champions Trophy. Another loss in the third and final group game against Sri Lanka ensured that Australia finished bottom of their group in the Champions Trophy.Arthur hit 13 first-class centuries in a 15-year playing career with Griqualand West and Orange Free State, before moving into coaching following his retirement in 2001.He was in charge of South Africa from 2005 to 2010, leading them to a first series victory in England for 43 years and a maiden series win in Australia.Following a fall-out with the national board, Arthur quit the post in January 2010 and later coached Western Australia.Despite Australia’s recent on-field problems, Arthur recently claimed that his side had “the best bowling attack in the world”, and would put England under pressure in the Ashes.“England are a very good cricket side but I would like to see how they handle pressure for a sustained period of time,” he told Test Match Special. “I honestly believe we can win the Ashes – we have the best all-round bowling attack in world cricket.”Former England captain Michael Vaughan said on Twitter: “For the 1st time in months I am worried about Australia… If Darren Lehmann is the coach he will get them right”.Ex-Australia leg spinner Shane Warne took to the social networking website to say, “Is it true that Aussie cricket coach Mick Arthur has been sacked?”.Warne’s former Australian team-mate Dean Jones questioned the timing of Arthur’s dismissal on Twitter, saying: “So Mick has gone… Sacked jut before an Ashes series… Timing is not great.. Anyways it shows CA is serious. Nice bloke tho!”last_img read more

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Umbro hold talks to return as United sponsor

first_imgUmbro, the Manchester-based sportswear firm which provided the strips in which Manchester United won 18 trophies, is competing to wrest away the club’s kit contract from Nike.The firm has been rapidly revived since it was bought from Nike 15 months ago by Iconix Brand Group, the licensing company publicly traded on Nasdaq.There are understood to have been three meetings between Umbro and United, in New York – where Iconix is based – and the latest two weeks ago at United’s commercial base inLondon. The breadth of Iconix’s global experience – with 30 licensed brands including Starter, which makes NBA products in the United States, and rapper Jay-Z’s Rocawear – is a factor that has made it attractive  to United.The tussle to win the contract, which will be awarded from the end of next season and is expected to net United more than £70m a year, reveals the intense commercial pulling power of the reigningPremier League champions, despite their on-field struggles. Japanese fashion retailer Uniqlo is also in contention, as are Adidas, Warrior and Puma.It was in Umbro kits that United won the 1968 European Cup, as well as the 1999 Treble, in a 40-year association which began with the 1955 First Division title success.The Iconix deal has delivered new financial muscle to Umbro, which is 90 years old this year.The announcement last month of the deal to provide Everton’s kits from next season underlined the firm’s intention to rebuild the brand, after the five-year period under Nike ownership during which the contract to provide the England national team’s kit was lost.last_img read more

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