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University trustee, benefactor Arthur Decio dies

first_imgArthur Decio, who has been a Notre Dame trustee since 1971, died Friday, according to a press release. He was 90.Before becoming a trustee, Decio was the chairman, president, director and chief executive officer of Skyline Corp. Skyline Corp. produces manufactured housing and recreational vehicles. The company was originally operated out of a welding garage in Elkhart, Indiana. Now, there are eight operating divisions in the nation.Decio donated money for the construction of Decio Faculty Hall and the Patricia George Decio Theatre in the DeBartolo Performing Arts Center. He also founded the University’s Cavanaugh Council and donated funds to the Snite Museum, Student Emergency Relief Fund, Ara Parseghian Medical Research Fund and Hesburgh Libraries.He received an honorary degree from Notre Dame in 1975 and also received honorary degrees from Hillsdale, Indiana State University, Purdue University, Saint Mary’s College, Vincennes University and Salem College.Decio was appointed by the president to three national commissions over the course of his life.University President Fr. John Jenkins expressed his condolences to Decio’s family and friends.“Art was a cherished, wise and generous friend of Notre Dame, and a dear friend to me personally,” Jenkins said. “He likewise lent his many talents to innumerable civic, religious, educational and humanitarian causes here in the South Bend-Elkhart region, statewide and nationally. My prayers are with his family and many friends as we mourn his passing while celebrating a life so very well lived.”Tags: Arthur Decio, Decio Family Hall, Patricia George Decio Theatrelast_img read more

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MSCI finalises plan to quadruple China A-shares in indices

first_imgIndex provider MSCI has confirmed plans to increase the weight of China A shares in its indices from 5% to 20%, after consulting market participants.This will lift the pro-forma weight of A-shares in the MSCI Emerging Market index to 3.3%, from 0.7%.However, MSCI conceded it should make changes to its initial approach to increasing the number of Chinese stocks it counts in its benchmarks.Remy Briand, chairman of the MSCI index policy committee, said the implementation of an initial 5% inclusion of China A shares had been a “positive experience” for international institutional investors. He said it had fostered an appetite to further increase their exposure to China’s mainland equity market, leading to MSCI’s initial proposal in September last year.“The strong commitment by the Chinese regulators to continue to improve market accessibility, evidenced by, among other things, the significant reduction in trading suspensions in recent months, is another critical factor that has won the support of international institutional investors,” Briand added.However, MSCI has adapted how it intends to increase the number of A-shares within the index, moving from a two-stage to a three-stage process.The index provider said investors and other market participants had flagged that a two-stage process could incur “execution pressure on the implementation dates”.Additionally, a significant proportion of investors asked for mid-cap shares to be included in the MSCI indices jointly with the weight increase in large-cap shares, to allow for a smoother implementation. Source: Eastspring InvestmentsMichelle Qi, EastspringMichelle Qi, chief investment officer for China at Eastspring Investments, the Asian arm of Prudential, said MSCI’s move would increase demand from global asset managers in the next few years.Qi said inflows to the country’s stock markets were estimated to be $70-80bn (€61-70bn) in 2019, with an even larger inflow next year.By the end of 2018, according to statistics from the People’s Bank of China, foreign investors’ equity holdings stood at RMB1.15trn (€150bn), or 6.7% of A-share free-float cap, Qi said. This scale was already close to the equity assets under management of domestic mutual funds, the mainstream local players in the A-share market.“Accordingly, we will see stronger pricing power of foreign investors at onshore market,” she added. “Foreign investors’ investment thesis, research framework and stock pitching preferences have already had, and will continue to have, a growing impact on the A-share market going forward.”MSCI’s initial announced was followed by fellow index provider FTSE Russell. However, some, including ERI Scientific Beta, said they would not be doing the same, citing restrictions to the use of derivatives, limited capacity for rebalancing and the high number of stock-trading suspensions in the mainland Chinese market.last_img read more

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LETTERKENNY MAIN STREET SEALED OFF AFTER BOMB SCARE

first_imgGardai were forced to seal off Letterkenny Main Street in the early hours of Sunday morning following a bomb scare.Letterkenny Main Street had to be sealed off.It followed a phonecall that a device had been left at a premises in the town.The street was closed off as Gardai checked premises. The incident was later found to be a hoax call and the Main Street was reopened. LETTERKENNY MAIN STREET SEALED OFF AFTER BOMB SCARE was last modified: September 1st, 2014 by StephenShare 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:bombscaredonegalGardaihoaxLETETRKENNYlast_img read more

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