AP1 – one of five buffer funds for Sweden’s state pension – has appointed Nomura Asset Management to manage a $330m (€279m) global high-yield credit mandate.Majdi Chammas, AP1’s head of external management, and Tina Rönnholm, the fund’s portfolio manager responsible for external high-yield investments, said in a statement: “[Nomura] has a very powerful investment philosophy and process that is well proven both over time and in various market conditions.”Nomura’s Ireland-domiciled Global High-Yield Bond fund was chosen by AP1 following a “comprehensive” global tender process last year, they added. David Crall, CIO at New York-based Nomura Corporate Research and Asset Management (NCRAM), said the firm was pleased to have established the relationship with AP1. “Like AP1, we have a strong commitment to responsible and sustainable practices, both in running our own business and when investing client assets entrusted to us,” he said.“We believe that incorporation of environmental, social and governance factors is congruent with our ‘Strong Horse’ investment philosophy.”NCRAM said it had a total return-oriented investment approach driven by bottom-up credit research.It dubs the investment method as the “Strong Horse” approach, because it tries to find corporate issuers deemed capable of carrying their debt through economic cycles.The Nomura investment will sit alongside a $400m allocation to Hermes Investment Management’s global high-yield bond strategy, which AP1 made last year.The SEK333bn (€32.4bn) buffer fund’s 2017 investment return of 9.6% after costs was the strongest of the four main AP funds.
Since becoming a free agent in 2017, Kaepernick has not received a workout from any NFL team. But if Jackson had it his way, he would have brought the QB in that year.”I wanted him,” Jackson said, via the News-Herald. “It just didn’t work out. Obviously, those things do have to work from a finance, draft, whatever all that is. And that wasn’t my decision.”MORE: Team considering Kap projected to lose ‘20% of season ticket holders’ (Getty Images) Former Browns coach Hue Jackson claims he wanted to sign Colin Kaepernick when the quarterback became a free agent in 2017.Speaking with Tony Rizzo and Aaron Goldhammer on “The Really Big Show” last week, Jackson said he wanted the Browns to sign Kaepernick, but claims the final decision was out of his hands. Kaepernick started his protest in 2016 and opted out of his contract ahead of the 2017 season after the 49ers informed him they planned to cut him. Hue Jackson https://images.daznservices.com/di/library/sporting_news/d3/c3/hue-jackson-123117-getty-ftrjpg_19s0k0vl7bxo613cf6357x7u4r.jpg?t=-1369031264&w=500&quality=80Jackson went on to say he also wanted Kaepernick back when he was a rookie, and the coach was on the Raiders.”I’ve known Colin. When I was with the Raiders, we were going to draft him when I was there,” Jackson said. “So, obviously he’d been a really good player in the league. He had tremendous success. He is a guy who has stood for something. I think everybody is seeing exactly where he was coming from. I always thought Colin deserved an opportunity in this league, but he has to want to play. If he really wanted to play, I think he would have a chance again.”Jackson’s comments are interesting when you consider what he said at the time. When asked about Kaepernick in March of 2017, Jackson said the Browns hadn’t discussed the quarterback despite his own recent claims that he wanted to sign him. “We haven’t really discussed Colin,” Jackson said in 2017. “There’s other players at this point that we’ve had a lot of conversations about to see if we can put them on our team. Not saying it won’t come up later on. You have to exhaust everything. But at this point he hasn’t come up.”He also said in August of 2017 he didn’t want to see any players on his team join the protests during the national anthem saying, “I would hope that we don’t have those issues.”As for the Browns, they obviously did not sign Kaepernick ahead of the 2017 season and famously went 0-16 that year. Cleveland played DeShone Kizer, Kevin Hogan and Cody Kessler in games throughout the season at quarterback instead.