With only a handful of Ween dates announced for 2017, Mickey Melchiondo Jr. is kicking off the New Year with ten dates with his solo band, which is to feature a rotating cast of characters. In support of his recent release The Deaner Album, The Dean Ween Group will hit Boston, Providence, Brooklyn, New Haven, Baltimore, Pittsburgh, New Orleans, Houston, Austin, and Dallas between January 17 and February 4th. Tickets can be purchased here.Get psyched for their tour with a good listen of The Deaner Album:
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Cedarhurst man has been accused of intentionally setting his apartment on fire because he was angry about being evicted. Nassau County police arrested Douglas Drummond, 53, and charged him with arson. He will be arraigned Saturday at First District Court in Hempstead. Drummond allegedly lit eight separate fires inside his apartment, which became fully engulfed in flames, police said. The Lawrence-Cedarhurst Fire Department responded to the blaze just after 2 p.m. and was able to prevent the fire from spreading to additional apartments inside the 57-unit building, police said. Several apartments did sustain water damage, police said. The entire building was evacuated, and several tenants were displaced, police said. Drummond and a 24-year-old male victim who lives in a neighboring apartment were both transported to a local hospital for smoke inhalation and were treated and released, police said. No other injuries were reported.
“ It should be stressed that a decision to implement a hedging strategy now would not represent a tactical play on markets or reflect any fixed view on the short-term outlook for sterling,” McIndoe said.“ It is entirely possible that sterling will maintain its current value for a protracted period or depreciate further. In the former of those cases the fund would have incurred some additional cost for no additional benefit. In the latter, gains from currency would be reduced by the hedging. On the upside: future losses, should sterling subsequently recover, would similarly be reduced.”Alongside the currency hedge, the Strathclyde trustees also approved investments worth £160m (€180m) into its Direct Investment Portfolio, which consists primarily of allocations to Scottish and UK assets, including private equity, infrastructure and renewable energy projects.Within the new allocation, £80m is to be invested in the Pensions Infrastructure Platform’s (PIP) Multi-Strategy Infrastructure fund. Strathclyde was a founder member of the PIP – a collaboration between UK pension funds to promote investment in domestic infrastructure – and has already invested £50m in the multi-strategy fund.Strathclyde is also to invest in three other funds through the Direct Investment Portfolio:£30m in a renewable energy fund run by London-based boutique Temporis Capital;£30m in a private debt portfolio managed by Toscafund Asset Management; and£20m in a specialist wind power fund run by Resonance Asset Management.The Strathclyde Pension Fund gained 2.1% in the second quarter of the year, CIO Jacqueline Gillies reported, bringing the fund’s assets above £20bn for the first time. Scotland’s biggest public sector pension fund has moved to hedge the currency risk in its equities portfolio and crystallise investment gains.Strathclyde Pension Fund’s trustee board agreed earlier this month to hedge a third of its overseas listed equity exposure, which made up roughly 80% of its overall equity portfolio at the end of March this year.In a report to the trustee board, Strathclyde head of pensions Richard McIndoe said the fund had made “significant” gains from its foreign currency exposure in the 12 months to 31 March. This was largely down to the fall in the value of sterling following the UK’s vote to leave the European Union in June 2016.The pension fund – which caters for public sector workers in the Scottish city of Glasgow – returned 23% in the 2016-17 financial year, according to its annual report released earlier this year.
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