The UK’s largest charitable foundation gained 20% from its private equity allocation in the 12 months to the end of September – including a 50% return from co-investments.However, in its annual report, the £25.9bn (€28.7bn) Wellcome Trust’s trustee board said it expected more muted returns from the asset class in the years ahead.The foundation posted a 13.4% investment return for the period, compared with 16.9% for the previous year, when results were underpinned by buoyant equity markets in Europe and emerging economies.It brought the trust’s annualised return over five years to 14%, and to 11.7% a year over 10 years. Source: Wellcome CollectionThe Reading Room at the Wellcome Institute in LondonHowever, the trustees said: “The long-term performance of private equity funds has attracted significant flows of new capital into the asset class, with the result that there is now an unprecedented amount of uncalled funds in the industry waiting to be deployed. This means new deals are extremely competitive and entry prices are rising. Expectations for future returns are therefore more muted than those we have been enjoying in recent years.”On venture capital, the trustees said: “After a long period when companies have been opting to remain private for longer, there have been signs that the IPO market is back in vogue, with high profile listings of companies like Dropbox and Spotify. One reason might be that more mature companies have found that employees want liquidity from their stock options, which is easier to provide as a public company.”Other assetsPublic equities – 52.1% of the Wellcome Trust’s portfolio – made a 9.9% return, lagging behind the 13.5% sterling return from the MSCI AC World index. Hedge funds gained 10.5%, while the performance of the trust’s property portfolio was mixed, returning 5.9%. Within the property allocation, the agricultural portfolio and residential assets in London and south-east England were marked down, in response to a market struggling under the uncertainty of Brexit, the trustees said. However, other assets made a strong positive contribution.Meanwhile in February 2018, the trust issued a 100-year £750m bond, in anticipation of an increase in interest rates as the era of quantitative easing came to an end. The 2.517% coupon was the lowest interest rate ever achieved by any corporate issuer in the sterling market, for a bond with a maturity longer than 50 years. Private equity, which made up 24.8% of the portfolio, returned 20.2%. Within this, private co-investments gained 50.1% while venture capital funds were also a standout performer, with a 32% return. 
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The Latest: 16 NBA players test positive as restart nears
___Diamond League track meets in France and the United States have been canceled because of the coronavirus pandemic.Organizers say the Sept. 6 event in Paris and the Prefontaine meet on Oct. 4 in Eugene, Oregon, cannot be held because of the current restrictions on mass gatherings and international travel.A meet in Gateshead, England, has been postponed from Aug. 16 to a possible date in mid-September.The next possible Diamond League meet is scheduled for Aug. 14 in Monaco. Ivanisevic won the Wimbledon title in 2001. He says he twice tested negative for the virus over the past 10 days but has now tested positive.Ivanisevic says “I would like to inform everyone who has been in contact with me that I tested positive and ask them to take extra good care of themselves and their loved ones.”The Croat says he has no symptoms but will self-isolate.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports Associated Press Those 16 players were part of a pool of 302 tested on Tuesday. Tests are continuing for all 22 teams that will be participating in the restart at the Disney campus near Orlando, Florida, next month. The player names were not disclosed; some, such as Malcolm Brogdon of Indiana and Sacramento teammates Jabari Parker and Alex Len have publicly acknowledged they have recently positive.That was a 5.3% rate of positive tests leaguewide. The league did not announce results of testing on staffers and other members of team travel parties, all of whom are also part of the mandatory testing program.The league and the union say that “any player who tested positive will remain in self-isolation until he satisfies public health protocols for discontinuing isolation and has been cleared by a physician.”___The Carolina Hurricanes will begin “voluntary small-group training” at PNC Arena on Tuesday. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The NBA and the National Basketball Players Association say 16 players tested positive for coronavirus in the first wave of mandatory tests done in preparation for the restart of the season. The Latest: 16 NBA players test positive as restart nears ___This year’s Fed Cup finals have been rescheduled for 2021 because of “challenges” related to the coronavirus pandemic.The International Tennis Federation says the women’s team competition will take place April 13-18 in Budapest, Hungary.The 2020 event was originally scheduled for April but was postponed because of the pandemic. Officials had hoped to squeeze the competition in this year.The ITF says there are “significant logistical and regulatory challenges” to holding “an indoor mass gathering” at the Laszlo Arena. The tennis body says “guaranteeing the health and safety of all involved will not be feasible.” The team said Friday those sessions will be closed to the public and media. Sixteen players, divided into two groups, are expected to participate.Players and staff permitted inside the arena will be tested for COVID-19. Team personnel will follow safety guidelines outlined in the second phase of the NHL’s return plan, as well as those from the Centers for Disease Control and Prevention, and North Carolina’s Department of Health and Human Services.The team says the arena has received “extensive cleaning” during the suspended NHL season and there will be “enhanced cleaning and sanitation efforts” going forward.___The Davis Cup men’s tennis competition has been canceled this year because of the coronavirus pandemic and will pick up again in 2021. The Fed Cup finals feature 12 national teams competing in a new format.___Tennis great Goran Ivanisevic says he has tested positive for the coronavirus.The former Wimbledon champion coaches top-ranked Novak Djokovic and was at the recent Adria Tour exhibition series in Serbia and Croatia.Djokovic and three other players have also tested positive for the virus after playing in the events. Grigor Dimitrov, Borna Coric and Viktor Troicki are the others. June 26, 2020 Matches were scheduled for this September and the Davis Cup finals were set for November in Madrid.Now the World Group I and World Group II preliminary matches will be played in various sites in either March or September 2021. The finals will be in Madrid during the week of Nov. 22, 2021.The International Tennis Federation says the 18 nations that already qualified for the 2020 finals will get a spot in 2021.The ITF has also scrapped the women’s Fed Cup finals for this year and says they will be played April 13-18 in Budapest, Hungary.The Fed Cup originally was supposed to be played this April but was initially postponed because of the pandemic.
Syracuse men’s basketball opponent preview: What to know about Cornell
Published on December 25, 2016 at 3:20 pm Contact Paul: pmschwed@syr.edu | @pschweds Facebook Twitter Google+ Syracuse enters its matchup against Cornell having lost five of its last eight games. The Orange (7-5) takes on the Big Red (3-8) on Tuesday at 7 p.m. in the Carrier Dome. The contest is SU’s final nonconference game before beginning Atlantic Coast Conference play on Jan. 1 at Boston College.Here’s everything you need to know about Cornell.All-time series: Syracuse leads, 90-31Last time they played: Last season, the Orange defeated Cornell, 67-46, on Dec. 19, 2015. SU only led by four at halftime, but pulled away by outscoring the Big Red by 17 after the break. Tyler Roberson and Malachi Richardson led SU with 15 points apiece while Roberson rounded out his performance with 12 boards. Syracuse outrebounded Cornell, 48-27, and finished with 17 second-chance points compared to the Big Red’s four. Michael Gbinije, while scoring 12 points, also pitched in as a distributor with eight assists.The Cornell report: The Big Red ranks 244th of 351 Division I teams, according to Kenpom.com. Cornell has struggled this season, allowing opponents to shoot 44.9 percent from the field and getting outscored 431-360 in the first half of games. Three Big Red players average more than 10 points: Sophomore guard Matt Morgan (19.3), sophomore forward Stone Gettings (14.2) and senior guard Robert Hatter (11.6). Against Syracuse last season, Hatter scored 14 and was the only Cornell player in double digits. The Big Red doesn’t have any dangerous rebounding threats as Gettings and Hatter are tied for the team lead with 5.3 boards per game.AdvertisementThis is placeholder textHow Cornell beats Syracuse: The Big Red would need big-time performances from its top three scorers to keep pace with the Orange, which only allows 64.9 points per game. SU has also faced issues when it’s been outrebounded and outscored in the paint. On paper, Cornell doesn’t pose much of a problem there, a big part of why Syracuse is favored in the game by 18, per Kenpom. While the Orange has had a rocky stretch recently, the Big Red would still need a near-perfect performance to upend SU.Stat to know: 75.2 inches — Cornell’s average height, per Kenpom, which ranks 340th in the country. Syracuse’s average height of 79 inches ranks sixth nationally. The Orange is 5-1 when it wins the rebounding battle.Player to watch: Robert Hatter, guard, No. 5While the Big Red hasn’t beaten SU since 1968, the senior has a solid history against Syracuse. As a freshman in 2013, Hatter scored nine points in 14 minutes. He scored just three points his sophomore year but backed that up by 14 points last season. Hatter has made just 10 3-pointers this year, but his 57.1 shooting percentage on 2-pointers ranks 353rd in the country, per Kenpom. If he can score effectively driving to the basket, that could open up opportunities for teammates on the perimeter once Syracuse’s 2-3 zone begins to collapse. Comments