In Winton, California, two 17-year-olds tried to get away with the robbery of a construction site, but they didn’t get very far. They were spotted in their car by a sheriff’s deputy in front of the site, according to Reuters. The two had fallen asleep, or passed out, in the car.
In Commerce, Texas, a 19-year-old cowboy who had just finished a rodeo was hungry for Taco Bell. Rather than using the drive-thru, he rode his horse into the restaurant and ordered his food. “Well ole Hollywood was a lil hungry after the rodeo so I rode him in to grab a bite,” the cowboy wrote on Instagram, according to the Huffington Post. Police won’t take action unless someone files a complaint, according to the local Fox News station.
In Neubrandenburg, Germany, a man and his eight-year-old son were crossing a street when a BMW driver tried to quickly enter a nearby parking spot. The man yelled “stop,” but when the car didn’t slow down, he threw a foot-long bologna at the car, according to the Associated Press. The bologna left a small dent in the BMW’s back right door. Police say the pedestrian is suspected of causing property damage.
In Worcestershire, England, a family returned home from vacation to find their dog had been rescued from the roof of their home while they were away. The Welsh springer spaniel, managed to slip out of a skylight at the home without being noticed by a dog sitter. She ended up perched on the roof, and worried neighbors called the fire brigade and an animal sanctuary after hearing her whining, the Daily Mail reports.
In Bromborough, Wirral, UK, a 77-year-old woman was approached by three men who tried to mug her of £200 outside a bank. But, they didn’t know who they were messing with. The woman took hold of one of the men by the collar and banged his head against the cash machine three times to try and stop him. The men ran off, but police tracked them down, according to the UK’s Metro.
Candles weren’t the only thing this Grandpa blew out.
TIAA Global Asset Management has announced the successful closing of the T-C U.S. Super Regional Mall Fund LP, also know as the “U.S. SRM Fund,” after raising $1.25 billion from investors.
TIAA’s U.S. SRM Fund aims to give institutional investors access to “dominating super-regional malls via ventures with top-tier operators.” The fund complements TIAA’s existing $15 billion equity and debt holdings representing 64 million square feet of malls, grocery-anchored shopping centers and urban retail locations.
“Super-regional malls have proven to be a distinctly strong and stable performer throughout multiple cycles,” says Suzan Amato, managing director at TIAA Global Asset Management. “They have demonstrated high NOI growth, low volatility compared to other property sectors, and a history of out-performing the NCREIF Property Index.”
The fund has capital commitments from several domestic and foreign institutional investors as well as TIAA’s General Account. To date, the fund has invested approximately $685 million and is seeking additional assets. With leverage, the equity commitments will allow the fund to target a portfolio of approximately $2.5 billion.
“With the increased demand from institutional investors in real assets, we are continually leveraging our global investment experience to develop products that tap into high performing sectors,” says Scott Kempton, managing director and the fund’s portfolio manager. “We believe that U.S. super-regional malls present a sound, long-term investment given the current lack of mall construction and the shift toward consumers seeking entertainment experiences outside the home. These assets are unique, hands-on environments, often offering extensive food hall and fine dining options, as well as movie theatres and other attractions that can ultimately help drive traffic and sales.”
Additional information on the U.S. SRM Fund is available here.
NEXT: Northern Trust Launches Exclusive Partnership with Software Firm
Northern Trust Launches Exclusive Partnership with Software Firm
Northern Trust has announced an exclusive partnership with financial software firm BEx LLC to develop new foreign-exchange (FX) solutions for its clients.
Northern Trust will collaborate with BEx in creating customized FX software including components used in Northern Trust’s electronic FX trading platform.
“The FX market is evolving rapidly and Northern Trust is committed to being at the forefront of eCommerce developments,” says William Huber, head of Global FX at Northern Trust. “It’s critical to have the advanced technology and expertise available to execute FX trades as efficiently as possible, while reducing transaction costs for our clients. With this partnership, we now have exclusive access to BEx products, providing a key differentiator for us in the marketplace. This enables us to deliver an increasingly highly competitive suite of FX products to meet the evolving challenges of our clients.”
Headquartered in Chicago, BEx was founded in 2013 and aims to provide large financial institutions with access to global foreign exchange markets with a primary focus on efficient execution in the spot, forwards and swaps market.
Wilshire Associates has launched its ABR Crisis Alpha Index. Created and owned by ABR Dynamic Funds, this index is calculated by Wilshire and designed to measure a strategy that aims to capitalize on extended periods of market crisis, “such as the Financial Crisis, Flash Crash, and the Greek Debt Crisis.”
The index will measure strategies specifically aiming to generate significant returns during sustained periods of market crisis and preserve capital during extended bull markets. It applies a proprietary market volatility model to determine an appropriate blend of exposure to the market as defined by the S&P 500, and volatility as defined by the S&P VIX Short-Term Futures Index and cash.
“Wilshire Analytics is thrilled to help fuel yet another Powered by Wilshire index offering from ABR Dynamic Funds,” says Robert J. Wade, managing director at Wilshire Associates. “Wilshire’s calculation and analytical expertise combined with ABR’s impressive, growing suite of proprietary indexes demonstrate the value of a Powered by Wilshire approach which can help clients bring new investment benchmark strategy ideas to market quickly.”
Wilshire Associates is a global financial services firm providing consulting services, analytics solutions and customized investment solutions to plan sponsors, investment managers and financial intermediaries.
For more information about the ABR Crisis Alpha Index, click here.