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HighTower entices advisers away from Wall Street institutions 

Thu, 2017-06-22 09:58
Chicago wealth manager offers an alternative to traditional practices

Rise of passive investments creates pitfalls

Thu, 2017-06-22 09:58
Advisers look beyond management cost savings to defend active strategies

Focus on fiduciary standard puts adviser negligence in spotlight

Thu, 2017-06-22 09:58
SEC highlights how some professionals face greater scrutiny than others

Heavy exposure to domestic assets divides US advisers

Thu, 2017-06-22 09:58
Data reveal American investors have strong home country bias

Bairstow leads England to rout of South Africa

Thu, 2017-06-22 09:56

Jonny Bairstow struck a sublime unbeaten 60 to lead England to a dominant nine-wicket victory over South Africa in the first Twenty20 international in Southampton.

South Africa chose to bat and laboured to 142 for three before Bairstow and Alex Hales shared a superb unbroken second-wicket partnership of 98 to guide the hosts to their target with 5.3 overs to spare.

“I’m trying to progress all the time and I played a few shots I didn’t have a few months ago,” said man of the match Bairstow.

“I’m feeling good, I was really pleased. The lads bowled outstandingly well, to take wickets up front is what we wanted and then our spinners tied them down.”

David Willey bowled JJ Smuts with the first ball of the match and South Africa quickly subsided to 32 for three.

Captain AB de Villiers (65 not out) and Farhaan Behardien (64 not out) shared an unbroken stand of 110 but they never broke free from the shackles imposed by a disciplined England attack and the total always looked below-par.

England openers Jason Roy and Hales plundered 45 off the first four overs before Roy, playing a risky reverse sweep, was trapped lbw by Andile Phehlukwayo for 28.

But Hales (47 not out) and Bairstow looked completely untroubled by a toothless South Africa attack, hitting four sixes and nine fours between them to cruise to their target.

Both teams were playing their first matches since the Champions Trophy in which hosts England lost to Pakistan in the semi-finals and top-ranked South Africa failed to advance from the group stage.

“It is difficult to sum up the performance. The result doesn’t look good for us. We lost our way at the start, had to rebuild and we were 20-30 runs short in the end, which probably cost us,” De Villiers said.

The second game of the three-match series is in Taunton on Friday.

The post Bairstow leads England to rout of South Africa appeared first on Cyprus Mail.

Man detained on suspicion of raping his 12-year-old niece

Thu, 2017-06-22 09:27

A 30-year-old man has been detained on suspicion of raping his 12-year-old niece, reports said on Thursday.

The man, who was remanded in custody for seven days, allegedly raped his niece repeatedly last January.

Reports said the girl had not reported the man, but she told a friend who in turn told her mother.

The mother went to police who secured an arrest warrant for the suspect who happened to be abroad at the time.

He was arrested on Tuesday after he returned. The girl was examined by a state pathologist who found signs of intercourse.

The post Man detained on suspicion of raping his 12-year-old niece appeared first on Cyprus Mail.

Trump touts plan for solar-panelled Mexico wall

Thu, 2017-06-22 09:05
Donald Trump has said he is considering covering his controversial Mexican border wall with solar panels so it "pays for itself".

Dancing in the air

Thu, 2017-06-22 09:00

Paphos Castle has been the place where famous operas have been performed, where marathons have had their start, and where numerous events have blended in with the historical site to impress audiences. And what the castle area holds next will literally have us all looking towards the stars.

As part of the European of Capital Pafos2017 events, and with the support of the French Institute of Cyprus, the Compagnie Retouramont group will perform an aerial dance under the name The Dance of the Caryatides.

The Dance of the Caryatides is an explosive, playful production that, using motion, lights and sound, changes the perspective of the historic building. The show has been designed by the Compagnie Retouramont specifically for Paphos Castle as part of the Travellers of the World thematic.

Fabrice Guillot, artistic director of the French team, created a fascinating choreography as it takes place in heights, thus exploring new fields of expression between buildings and bodies.

The team has collaborated with famous choreographers and dancers as well as artistic and cultural institutions and has performed in places of particular interest.

The kinesiology governing the dancers’ movements in the air connects vertical dance with moves that point to acrobatics in a game that radically changes the image of the space in which it takes place.

The Dance of the Caryatides
Aerial dance performance. June 25. Paphos Castle Square. 8.30pm. Free. Tel: 26-955166

The post Dancing in the air appeared first on Cyprus Mail.

North Korea brands Trump a 'psychopath'

Thu, 2017-06-22 08:38
North Korea has called the US president a "psychopath" - a criticism some have levelled at the leader in Pyongyang.

O’Mahony to captain Lions against All Blacks

Thu, 2017-06-22 08:29

British and Irish Lions tour captain Sam Warburton was left out of the starting team to face the All Blacks in the first Test of the three-match series at Eden Park on Saturday.

Ireland’s Peter O’Mahony will lead the side, with his compatriot Sean O’Brien taking the number seven jersey. Warburton will come off the bench.

“It’s a reward for how the back row has gone,” Gatland said in a statement. “There is a nice balance there while Peter captained the side against the Maori All Blacks and has done a good job.”

It is the second successive tour that Gatland has shown no sentimentality towards players in order to win the Test series.

He dropped Ireland and Lions stalwart Brian O’Driscoll for the deciding third Test against Australia in 2013, which prompted an outcry among media, fans, pundits and from the player himself. The Lions won the game 41-16.

Wales utility Liam Williams was surprisingly named at full-back after a strong game against the Waikato Chiefs on Tuesday.

Leigh Halfpenny, who had been impressive against the Maori All Blacks last Saturday has dropped to the bench with Williams offering a more incisive running option and the ability to cover wing.

Gatland has opted for a hard-running midfield combination in Jonathan Davies and Ben Te’o while England’s Owen Farrell starts at fly-half after shaking off an injury.

England duo Elliot Daly and Anthony Watson will start on the wings. Welshman George North is not in the squad.

“We have picked a side based on form with a lot of players putting their hands up, especially from the Crusaders and Maori All Blacks games, and it was a lively selection meeting,” Gatland added.

“The win against the Chiefs was also extremely important for the squad and some players played themselves into the side.

“Elliot has been very accurate in the way he has played and we saw some excellent attacking play from Liam.

“We are excited about the 15 that take the field but also the very strong and experienced bench players who will have an impact.”

All Blacks captain Kieran Read meanwhile has been cleared to face the Lions, while left winger Julian Savea has been dropped and replaced by Rieko Ioane.

Read broke his thumb in late April and has not played since. He had surgery and the protective cast was removed two weeks ago.

The 31-year-old also had a late start to Super Rugby with the Canterbury Crusaders as he recovered from wrist surgery.

Centre Ryan Crotty has also recovered from a rib injury and replaces Anton Lienert-Brown in a midfield partnership with Sonny Bill Williams.

Lions: 15-Liam Williams, 14-Anthony Watson, 13-Jonathan Davies, 12-Ben Te’o, 11-Elliot Daly, 10-Owen Farrell, 9-Conor Murray, 8-Taulupe Faletau, 7-Sean O’Brien, 6-Peter O’Mahony (captain), 5-George Kruis, 4-Alun Wyn Jones, 3-Tadhg Furlong, 2-Jamie George, 1-Maka Vunipola.

Replacements: 16-Ken Owens, 17-Jack McGrath, 18-Kyle Sinckler, 19-Maro Itoje, 20-Sam Warburton, 21-Rhys Webb, 22-Jonathan Sexton, 23-Leigh Halfpenny.

All Blacks: 15-Ben Smith, 14-Israel Dagg, 13-Ryan Crotty, 12-Sonny Bill Williams, 11-Rieko Ioane, 10-Beauden Barrett, 9-Aaron Smith, 8-Kieran Read (captain), 7-Sam Cane, 6-Jerome Kaino, 5-Sam Whitelock, 4-Brodie Retallick, 3-Owen Franks, 2-Codie Taylor, 1-Joe Moody.

Replacements: 16-Nathan Harris, 17-Wyatt Crockett, 18-Charlie Faumuina, 19-Scott Barrett, 20-Ardie Savea, 21-TJ Perenara, 22-Aaron Cruden/Lima Sopoaga, 23-Anton Lienert-Brown

The post O’Mahony to captain Lions against All Blacks appeared first on Cyprus Mail.

Orangutans and raccoons seized at border

Thu, 2017-06-22 08:07
A man smuggling two baby orangutans, 51 tortoises and six raccoons has been arrested at the Malaysian border.

Fosun International shares dip 9.6%

Thu, 2017-06-22 07:51

George Clooney to sell his tequila brand for close to $1 billion

Thu, 2017-06-22 07:41

The Hollywood star and businessman Rande Gerber – who is married to model Cindy Crawford – have decided to sell their stake in the firm to the alcoholic beverage company Diageo, which has agreed to pay $700 million to assume control of the brand, with the potential for another $300 million based on its performance over the next decade.

In a statement, George – who founded the firm alongside his partners Rande and Michael Meldman in 2013 – said: “If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes.

“This reflects Diageo’s belief in our company and our belief in Diageo. But we’re not going anywhere. We’ll still be very much a part of Casamigos.”

Rande also stated his determination to remain close to the brand, which he hopes will continue to grow in the coming years.

He explained: “What started from a friendship and an idea to create the best tasting, smoothest tequila as our own house tequila to drink and share with friends, has quickly turned into the fastest growing super-premium tequila.

“Casamigos has always been brought to you by those who drink it and we look forward to continuing that, working alongside the expertise and global reach of Diageo. Now even more people will be able to enjoy and experience our love and passion for Casamigos.”

The eye-watering agreement between George and Diageo comes shortly after the actor became a dad for the first time.

George’s wife Amal gave births to twins Ella and Alexander on June 6, and George has reportedly taken to parenthood with ease.

A source recently said: “He’s an amazing dad – it’s like he was born to be one. George and Amal are even closer now that they have the twins, and he’s filled with wonder at what an awesome mother she is, so loving, patient and kind.”

The post George Clooney to sell his tequila brand for close to $1 billion appeared first on Cyprus Mail.