As heat wave ends, severe storms roll into Mid-Atlantic, Northeast

first_imgABC News(NEW YORK) — The heat wave has ended in the Midwest and is ending Monday morning in the Northeast as cooler air moves in from the west.Some of the hottest temperatures this weekend included 100 degrees Sunday at New York City’s LaGuardia Airport, which tied a record; 99 degrees in Bridgeport, Connecticut, which broke Sunday’s record; and 97 degrees Saturday in Manchester, New Hampshire, also a record. A slow-moving frontal boundary continues to bring cooler weather to the Great Lakes and Midwest on Monday morning, where the temperature in Chicago is in the 60s — the coolest it has felt in the last 10 days.Strong storms are bringing heavy rain, flooding and damaging winds along this frontal boundary.Over the weekend, hundreds of thousands of people were left without power in the Great Lakes, where winds gusted to 86 mph in Wisconsin on Saturday. There were five reported tornadoes in Wisconsin, as well.In western Michigan, up to 13.5 inches of rain fell, which could be a state record if verified.Flood alerts have been issued Monday morning for 10 states from Tennessee to New York due to heavy rain expected Monday afternoon and evening.Some areas could see up to 4 inches of rain in short period of time, which could cause flash flooding.The severe weather forecast Monday afternoon and evening in the Mid-Atlantic and Northeast includes damaging winds, hail and even a small chance for tornadoes from Washington, D.C., to New York City and into Providence, Rhode Island.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

​Wednesday people roundup

first_imgPPF, Barclays, RPMI Railpen, Aviva Investors, Willis Towers Watson, BlackRock, Prudential, AustralianSuper, PASA, Pensions Dashboard, HQ Capital, Muzinich & Co, Baring Asset Management, Macquarie Investment Management, Columbia Threadneedle, Spence Johnson, Deloitte, PhaseCapital, AllianceBernstein, River and Mercantile Asset ManagementPension Protection Fund (PPF) – The UK lifeboat scheme has created a new role in connection with its move to increase internal investment management, appointing former Barclays banker Ian Scott as head of investment strategy. Scott has worked for more than 20 years on the sell side, most recently at Barclays, as head of the global equity strategy team. Before that, he was at Lehman Brothers and Nomura.RPMI Railpen – Anna Rule has been appointed to the new role of head of property as the scheme looks to increase its in-house investment capabilities. Rule, a senior director and fund manager at Aviva Investors, will take up the position in the new year. Railpen, which manages the £24bn (€27.9bn) Railways Pension Scheme in the UK, has been shifting towards more in-house investments.Willis Towers Watson – Ashwin Belur and Dhiran Dookhi have been appointed to the Insurance Investment Solutions Group. Belur joins from BlackRock and before then held a variety of senior investment and insurance-related positions at Goldman Sachs, ABN AMRO and Brit Insurance. Dookhi is a Fellow of the Institute and Faculty of Actuaries and joins from Prudential, where he was a risk actuary working on enterprise risk management. AustralianSuper – Australia’s largest super fund has formally established a presence in London, opening an office in King’s Cross. Trish Curry leads the team. AustralianSuper’s head of external relations, Stephen McMahon, told IPE Real Estate the fund was basing staff in London because of AustralianSuper’s increasing involvement in direct investments, “particularly global property and infrastructure deals”.Pensions Administration Standards Association (PASA) – The independent body dedicated to driving up standards in pensions administration has announced that its chairman, Margaret Snowdon OBE, has been appointed by HM Treasury to the senior level Steering Group for the Pensions Dashboard prototype project. Snowdon will be one of two independent members of the Steering Group, representing the pensions industry.HQ Capital – Georg Wunderlin has been appointed chief executive at the alternatives asset manager, while Ernest Boles has taken on the role of vice-chairman of executive management. Marcel Giacometti is to become a senior adviser. Wunderlin, who has been working at HQ Capital and its predecessor companies since 2012, succeeds Boles, who will continue to advise HQ Capital on its operations.Muzinich & Co – Tracy Zhao, who previously worked for Aozora Asia Pacific Finance, has joined as a credit analyst on Muzinich’s Asia investment team. She is based in London. Global high-yield specialist Kashif Riaz has joined from Baring Asset Management, where he covered a range of sectors. Prior to Barings, he was lead credit analyst for the European TMT and utilities sectors at BlackRock. He is also based in London.Macquarie Investment Management – Markus Rottler has been appointed as head of distribution for the German professional buyer market. Prior to joining Macquarie, Rottler spent five years at Columbia Threadneedle, focusing on the professional buyer and institutional client segments. Before then, he spent seven years at Pioneer Investments.Spence Johnson – The data analytics and market intelligence consultancy focused on institutional asset management has hired Thomas Marsh to help grow and serve its US business. He joins from Deloitte and has 23 years of experience in asset management, primarily as a director at Cerulli Associates.PhaseCapital – Michael DePalma has been appointed chief executive at the Boston-based asset manager, joining from AllianceBernstein, where he most recently served as senior vice-president and CIO of quantitative investment strategies and director of fixed income absolute return strategies.River and Mercantile Asset Management – Gary Dowsett has been appointed as a global analyst. He has previoujsly worked at Phillips & Drew (UBS Global Asset Management), Willis Towers Watson, Schroders and Taube Hodson Stonex Partners.last_img read more