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We are pumped for the Break Science Live Band takeover of Brooklyn Bowl this weekend. Adam Deitch and Borahm Lee always bring it as Break Science, and the addition of Deitch’s brothers-in-arms Jesus Coomes, Adam “Shmeeans” Smirnoff, Ryan Zoidis, and Eric “Benny” Bloom” from Lettuce as the live band will only add to the electro-funky-hip-hop madness. The two-night run will also feature 2011 DMC World DJ Champion Chris Karns, who will combine his incredible scratching skills with the BreakSci Live Band’s undeniable musical prowess.Each night will showcase an opening act that can be considered in the running of best rising stars of the electro-funk genre. On Friday night, Exmag will throw down their blend of live electronic music, while relative newcomers Jaw Gems will showcase their unique downtempo vibe on Saturday night. Both bands are sure to get you grooving early in the night, setting the table perfectly for Break Science Live Band’s party vibes. Check out music videos from both bands below to get a taste of what you’re in for at Brooklyn Bowl this weekend.“NuFunk Odyssey” by Exmag“Star Visor” by Jaw GemsFor tickets and more information about the shows, click here for December 16th, and click here for December 17th.
”Cost is a big part of what we are doing – this is about understanding what the drivers are and then accessing them in the most cost-efficient way.”He added: “There is still a place for traditional active management in the RPMI portfolio – it’s just that the bar for consideration has been raised substantially.“If we think we can get 80% of the benefit of something at 20% of the cost, we’d consider that a good outcome, so active managers would need to persuade us that more than 80% of the excess return they generate is not replicable systematically and cheaply.”RPMI is implementing its strategies via both indexation, with implementation of tracker mandates by Legal & General Investment Management, and active quantitative management methodologies, all of which are open to evolution.“We are always looking to broaden and deepen exposure if we can identify and design more effective ways of capturing these risk premia,” said Artingstall. For example, the Research Affiliates fundamental indexation approach forms one part of RPMI’s value allocation.However, RPMI subsequently worked with index provider FTSE to build a bespoke, more concentrated version of this strategy and is due to transition assets to the new version soon.“We use external active managers, such as Unigestion for low-volatility and AQR for risk premia, which might be regarded as active managers but which we regard as simply having a well-designed or more refined approach to accessing the factors we are interested in,” said Artingstall.“Cost-efficiency remains critical, so there is still a very high bar for the quantitative active managers to clear when there are well-established style indices available.”Speaking with IPE after presenting at a factor investing conference for institutional investors hosted by MSCI, Artingstall said RPMI was actively researching momentum and quality risk premia.Areas of further research would include the small cap and illiquidity factors, he added.“We have already moved to a significant position, with 50% of our public equity exposure managed in this way, and we will consider increasing that depending on the level of conviction we have in other factors we are examining at the moment,” he said.For the longer-term agenda, RPMI will look into the cost-efficiency and transparency of moving towards long/short implementation of its risk-premia strategies, which have so far been long-only.It may also take the project beyond its equities portfolio and look into ‘exotic’ or ‘hedge fund’ betas.Altaf Kassam, head of index applied research for the EMEA at MSCI, told IPE RPMI Railpen’s moves were part of a broader trend in institutional asset management.“We launched our Minimum Volatility index in May 2008, and, of course, after the market fell in September, everyone rushed into defensive strategies,” he said.“But then the market rebounded in 2009, and everyone recognised you couldn’t put all of your eggs in one basket, so investors started looking for a more cyclical factor, like value or momentum, to diversify the minimum-volatility.“Today, what we are seeing is the idea of diversification between multiple factors to manage financial risk, as well as governance or career risk.” RPMI Railpen, manager of the assets of the UK’s £21bn (€28.9bn) Railways Pension Scheme, has taken big strides towards transitioning to smart beta-style strategies, putting 50% of its public equities portfolio into products designed to access risk premia systematically and cost-efficiently.A dedicated alternative risk premia function, established as part of RPMI’s ‘Investment Transformation Programme’ (ITP), has allocated to low-volatility, value and income equity strategies after a period of research conducted in collaboration with risk analytics and index provider MSCI.Further research into other risk premia is currently underway, and alternative ‘hedge fund beta’ is on the longer-term agenda.Steve Artingstall, an investment manager at RPMI Railpen, said: “This project came out of looking at the underlying drivers of risk and return in different asset classes but also at how much we were paying to get exposure to these factors through actively managed strategies.
Original Date of Publication: Oct. 16, 1984Vice President George Bush, speaking Monday from the steps of Doheny Library, characterized Democrats as belonging to a party that wants to limit opportunity and that “says no to hope.”Bush also attacked Democratic presidential candidate Walter Mondale, calling him “wedded to the failures of the past,” and declaring that “in overwhelming numbers, young people are saying goodbye… to Mondale and his ship of failure.”The speech – which lasted only nine minutes – was the second at the university by a major candidate in the presidential race in the last month, and was far more well received by students than Mondale’s speech a month earlier.Anti-Reagan demonstrators did not heckle Bush, and the only interruptions were supportive cheers from flag-waving students at the front of the crowd, or boos when Bush mentioned Mondale or his running mate, Geraldine Ferraro.Bush avoided specifics, instead reiterating the themes of the Reagan campaign, and appealed to the interests of increasingly conservative college students by emphasizing technology, jobs, personal income and the space program.“We have regained our technological edge, we’ve regained it in world competition and America is voting yes to the future, to your future of opportunity,” Bush said.He called the Republican Party the party of new ideas, declaring “tax cuts, investment opportunity and economic expansion . . . are the new ideas that offer a future to everybody here today.”Responding to Democratic charges that Reagan’s economic policies lack compassion for the poor and minorities, Bush charged, “They are the party that offered the highest misery index in the history of the United States of America.”And reacting to charges by Mondale that Reagan has failed to achieve an arms control agreement with the Soviet Union, Bush said Reagan “doesn’t believe in limitations that don’t limit” but in “verifiable arms reductions.”“Give him four more years, and you watch those Soviets come to the table,” Bush said, to which students replied with chants of “peace through strength.”He later charged that Mondale and the Democratic Party want to negotiate with the Soviet Union “from a position of relative weakness” and “lock our European allies into an inferior position.”Bush also supported Reagan’s “Star Wars” program of space-based laser-beam and satellite-defense systems to protect the United States against nuclear attack.Critics of the program contend it is unfeasible because the required technology does not yet exist, and the system could not stop all incoming missiles. Bush advocated research into such a system.“Let’s use America’s future, let’s use our technology to pursue peace and spare people the agony of war,” he said.Bush attacked Mondale and Ferraro, repeating the theme Reagan has used in his campaign, that Democrats see only bad news: “They see a silk lining out there and they try to find a great black cloud to go around it.”He further characterized Democrats as belonging to a party of pessimism, taxes and restricted economic growth, charges Reagan has leveled against the Democratic Party as well.“We’re too great to wrap ourselves up in malaise and bad news,” Bush said. “We’re too great to retreat back into the past.”Bush’s biggest cheer from the crowd came when he asked students to vote for Republican candidates for the House of Representatives and “lift up Tip O’Neill,” Democratic Speaker of the House and outspoken critic of Reagan.