British Steel wins IPE’s Best European Pension Fund Award

first_imgThe British Steel Pension Fund was the big winner at this year’s IPE Awards, held at the Hotel Arts in Barcelona, taking home three trophies.In addition to winning the coveted Best European Pension Fund Award, the €19.3bn defined benefit scheme also won the Best Pension Fund in the United Kingdom and In-house Investment Team awards.Theo Kocken, founder and chief executive of Cardano, won the Outstanding Industry Contribution Award for his influence in the pensions industry with regard to risk management and preparing for future financial crises.PenSam’s Helen Kobæk walked away with the Pension Fund Achievement of the Year Award for her commitment to the development of social welfare benefits in Denmark. SILVER AWARDS    Active Management: PenSamPassive Management: West Midlands Pension FundBest Corporate Pension Fund: Santander UK Group Pension Scheme Common FundBest Industry-Wide Pension Fund: Pension Protection FundBest Public Pension Fund: The Church CommissionersBest Small European Pension Fund: Frjálsi Pension FundBest Sovereign Reserve Fund: FRR and NLB Penziski Fond BRONZE AWARDS Alternatives: Merchant Navy Officers’ Pension FundEquities: SEB PensionFixed Income: Bosch Pensionsfonds AG COUNTRY AWARDSBest Pension Fund in Austria: Allianz Pensionskasse (Pensionskasse) and VBV – Vorsorgekasse (Vorsorgekasse)Best Pension Fund in Belgium: IntegraleBest Pension Fund in Central & Eastern Europe: KB First Pension CompanyBest Pension Fund in Denmark: PFA PensionBest Pension Fund in Finland: Elo Mutual Pension Insurance CompanyBest Pension Fund in France: IrcantecBest Pension Fund in Germany: Deutsche Telekom Pensionswerke (bAV) and Ärzteversorgung Westfalen-Lippe (Versorgungswerk)     Best Pension Fund in Ireland: Construction Workers’ Pension SchemeBest Pension Fund in Italy: Fondo Pensione LaborfondsBest Pension Fund in The Netherlands: Nedlloyd PensioenfondsBest Pension Fund in Portugal: Fundo de Pensões Aberto BPI ValorizaçãoBest Pension Fund in Small Countries: Almenni Pension FundBest Pension Fund in Spain: Pensions Caixa 30Best Pension Fund in Sweden: SPKBest Pension Fund in Switzerland: Pension Fund SBBBest Pension Fund in the UK: British Steel Pension Fund The full list of winners GOLD AWARDS    Best European Pension Fund: British Steel Pension FundOutstanding Industry Contribution: Theo Kocken, CardanoPension Fund Achievement of the Year: Helen Kobæk, PenSamLong-Term Investment Strategy: Trafalgar House Pension Trust PenSam picked up two further awards for Active Management and Specialist Investment Managers.The fourth Gold Award – for Long-Term Investment Strategy – went to the UK’s Trafalgar House Pension Trust.Other notable winners included the UK’s Merchant Navy Officers’ Pension Fund (MNOPF), SEB Pension of Denmark and Germany’s Bosch Pensionsfonds, which each won two awards.The MNOPF won the Alternatives and Innovation awards, while SEB Pension took home the Equities and Smart Beta trophies.Bosch Pensionsfonds came out best in the Fixed Income and Diversification awards.Altogether, there were 43 awards from a record number of entries. THEMED AWARDSClimate-Related Risk Management: Environment Agency Pension FundDC/Hybrid Strategy: NESTDiversification: Bosch Pensionsfonds AGEmerging Markets: Royal County of Berkshire Pension FundESG: ERAFPInfrastructure: PensionDanmarkIn-house Investment Team: British Steel Pension FundInnovation: Merchant Navy Officers’ Pension FundPortfolio Construction: FRRReal Estate: Merseyside Pension FundRisk Management: Superannuation Arrangements of the University of London (SAUL)Smart Beta: SEB PensionSpecialist Investment Managers: PenSamlast_img read more

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Jeremy Woolfe: Through the glass, brightly

first_imgEIOPA offers a few tasty morsels on transparency, Jeremy Woolfe writesWhen it came to the appetizer for the PensionsEurope ‘Making Pension Work’ annual conference in Brussels, surprise, surprise, there were no surprises. But there were tasty morsels on transparency.Speaking at a reception the evening before the main conference, Fausto Parente, executive director at EIOPA, led with comments on IORPs (Institutions for Occupational Retirement Provision). The need, he said, is to be realistic: “It will do harm if we pretend everything is fine and ignore the existing challenges.”Parente then referred to his authority’s two important recent steps. First was its EU-wide stress test for occupational pensions, and second was its issuing of an opinion to the EU institutions on a common framework for risk assessment and transparency. Appropriately, perhaps, he was speaking in the luxurious foyer, where the glass ceiling looked up to the sky, and where the floor beneath his feet was also glass. He was standing with his back to a wall, about three generous storeys high, also entirely made of glass panels. Parente pointed out EIOPA had already recommended that policymakers base their work on not hiding behind “jargon”. Funds should present information in a simple and standardised manner, he said. And there should be a common structure in place to help pension beneficiaries to compare different schemes when, for example, a worker wishes to change jobs.No doubt, he would have been aware that, not far across town, IORP rules might just be in the final stages of clearing through the Brussels legislative machinery. It is regretful, Parente commented, that EIOPA’s work has shown that even pension supervisors – “too many of them”, he said – simply do not know what the operating costs of schemes come to.last_img read more

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Fugro nets Hollandse Kust (noord) site survey work

first_imgCrossWind also recently selected Van Oord as the Balance of Plant contractor for the Hollandse Kust (noord) offshore wind project. CrossWind plans to have the 759 MW Hollandse Kust (noord) operational by 2023, generating at least 3.3 TWh per year. “With a signed contract in place and the site investigation team mobilising, the work is progressing well to deliver clean energy by 2023.” The CPT survey will see Fugro utilise its seabed SEACALF MkV DeepDrive CPT system. Previously deployed on North Sea projects, the SEACALF acquires data over the full foundation depth of wind turbines. For the UXO clearance job, Fugro will mobilise its multipurpose vessel Atlantis Dweller. Vessels According to Fugro, the work will begin this month and should complete by the end of September. As the Balance of Plant contractor, Van Oord’s activities encompass the engineering, procurement, construction, and installation of the foundations, the inter-array cables, and transportation and installation of the wind turbines. The CrossWind consortium of Shell and Eneco has awarded Fugro a geotechnical site investigation contract for the Hollandse Kust (noord) offshore wind farm. The wind farm will be located 18.5 kilometres off the Dutch coast near the town of Egmond aan Zee. Van Oord to build Hollandse Kust (noord) Categories: Tjalling de Bruin, project director for CrossWind, said: The work will comprise an unexploded ordnance (UXO) site clearance survey followed by a seabed cone penetration test (CPT) investigation. Posted: about 1 month ago Posted: about 1 month agolast_img read more

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Laudrup unhappy with late penalty

first_img However, the Swans, who had let leads slip in the dying moments of both Europa League meetings with Kuban Krasnodar, were denied again when Madley, taking charge of only his third Premier League game, decided Wayne Routledge had handled after Steven Nzonzi flicked on a Robert Huth header. Substitute Charlie Adam made no mistake from the spot as the Potters snatched a point. Laudrup conceded the ball had “maybe” struck Routledge on the arm, but he was deeply unhappy with the decision despite attempting to be careful with his words in order to avoid any action from the Football Association. He said: “In every game there are talking points over decisions, but when I saw it again, or even out there, there are seven Stoke players in the box and none were asking for a penalty, apart from Peter Crouch, who was appealing for a corner. “So there was only one man in the stadium who thought it was a penalty, and unfortunately that was the referee. “But the referees are not allowed to say anything and I have to be careful what I say otherwise I will get a fine or a sanction. “Of course we can all make mistakes and say we are sorry, the players can do the same. But we have to leave the referees, it would be nice if the referee said ‘sorry, it was a mistake’.” When it was put to him that the ball had struck Routledge’s arm, Laudrup said: “Maybe, but it is not always handball if it touches you. A thrilling Liberty Stadium encounter ended in a 3-3 draw, a result which had looked unlikely when Stoke roared into a 2-0 first-half lead as Jonathan Walters and Stephen Ireland produced composed finishes. But Wilfried Bony got one back early in the second half, before Nathan Dyer levelled and the Ivorian struck his 10th goal of the season to put Swansea ahead with four minutes to go. Press Association Swansea manager Michael Laudrup felt referee Robert Madley owed him and his players an apology after seeing his side suffer stoppage-time agony for the third time in four games against Stoke. “Whenever there is a handball there are players trying to do something to make the referee give handball. “But there were seven Stoke players in the box, none of them asking for the penalty. “It was in the last minute, if Stoke thought it was handball I am sure they would try to ask for it. So why give it? “It would have been a fantastic win and it is all away because of a very, very bad decision.” He added: “I have not spoken to the referee, I do not know the rules on that so I have to be careful. I have heard you cannot even say a referee is good before the game or you can get fined, so I can’t say much more as I don’t have £10,000 to waste.” But Laudrup did praise his side’s fightback after a poor first-half display. “I just feel so sorry for my players given how they performed after a difficult start to the game, 2-0 down after 20 or so minutes,” he said. “We couldn’t believe it but we continued to play in a difficult situation. We came out in the second half and kept Stoke in their box for the entire second half. “We scored one, then the second and what should have been the winner, and then this happens in the last minute.” Stoke boss Mark Hughes saw his side’s winless run extend to eight league games, but was happy to take a point, although he did have sympathy for Laudrup. He said: “I have seen it and I can understand why Swansea are aggrieved about it, but those things can go for you or go against you and we are grateful we got a break. “It still had to be dispatched and Charlie did well as he had not been on long and showed good mental strength to get us a point, which at that stage it looked like we were not going to get. “In the first half we were excellent, we came with a gameplan and executed it. “We knew there would be a response, we knew they would put us under pressure, and we could have handled it better. “To concede three goals in the manner we did was not what we have been about this season.” last_img read more

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Cricket News We made mistakes under challenging conditions, says Rahane

first_imgLondon: India vice-captain Ajinkya Rahane has admitted that the visiting batsmen committed mistakes under challenging conditions as his side were bowled out for just 107 runs in the first innings of the rain-affected second Test against England at Lord’s.  The inept technique coupled with fragile temperament of Indian batting was thoroughly exposed as they crumbled to 107 all out against a top quality England seam attack on a rain-hit second day on Friday.“I don’t think you can get any more challenging conditions than this (in Test cricket) especially with Duke ball in these weather conditions. But as a batsman you have to back your ability. It is all about intent out there, of not only scoring runs but also leaving the ball and defending well. As a batsman it is always a challenge to come here and play against this kind of attack,” Rahane said.“You have to accept your mistake. Acceptance is the key, I think, when you play in England. It’s not about getting caught behind, even run out, but you have got to accept your mistake and move on. The quicker we learn from our mistakes, the better for us. I am sure everyone will learn from this innings and there is a long way to go in this match as well as the series,” he said.Pacer James Anderson took 5/20 as only two Indian batsmen crossed the 20-run mark. The Dukes ball swung prodigiously as rain interrupted India’s first innings thrice on day two.“These were definitely challenging conditions. Anderson did not bowl a short ball. He was just bowling at same spot—four or five metre length—and that is really crucial on this wicket. If you are bowling that length, you got to bowl consistently, then as a batsman you have to leave the ball or back your methods consistently. It is all about patience on these conditions and trusting your methods and backing your ability,” said the visiting team vice-captain.“Anderson was really good. He bowled in the right areas. Bowling 13-14 overs for 20 overs and getting five wickets is really good, and that’s why he is a quality bowler.”India were not helped by the fact that Cheteshwar Pujara was run out for the third time this year after a horrendous mix up with skipper Virat Kohli.“It definitely hurts as a teammates, and I am sure even Pujara will be upset about his run out. The run out definitely hurt us and the weather after that too. I think we did not get to play for 3-4 hours, so definitely as a team you feel really bad,” said Rahane who could contribute just 18 from 44 balls.Rahane, who himself found it tough to contend with Anderson and Chris Woakes, said his side’s batting line-up would do well by learning from their counterparts on how to play on these conditions.“You have to conquer every situation. May be we will need to learn from their batting unit how to bat in such conditions, which shots are important, which shots you can play, etc. Many times in England you cannot only stay defensive. You need to understand which shots you can play—may be the cut shot or the late cut. So the earlier you learn all that the better it would be for you,” he said.Asked about his own batting, he said, “Before I got out today I was thinking about my innings at Lord’s in 2014. I think we had less time to bat out, about 25-30 minutes to bat out this evening. In my head I only had one thought if we could bat out today then tomorrow it could be totally different.”Despite a low total, Rahane tried to put up a brave face for his side and said they cannot make excuses for another poor batting effort overall. He added that the team would continue fighting in this game with three days still left to play.“They used the conditions really well. I thought the wicket, because of the weather we cannot control. First half, when the game was on and off, it was difficult for batting team to switch on and off. But when you play at the highest level, no excuses. I would like to give credit to English bowling team—Anderson, Stuart Broad and others—they bowled really well as a unit.“You cannot be too harsh on yourself as an individual and team when you get conditions like this. You have to back yourself as a player and team. I felt we were right there skill wise. There is still a long way to go in this match. We have to bowl well, and our bowling unit is doing well. If weather permits, I am sure our bowlers will bowl in the right areas well. Cricket is a funny game, we still have to back ourselves and get positive mind set back,” he said.Asked if the Indian line-up is too dependent on Kohli, Rahane said, “I don’t think there is anything wrong. Just because you don’t get any runs or any start, that does not mean your methods are wrong. It is a five-match series and it is a long way to go.“It is important that you back yourself in English conditions and trust your methods. I think still you need luck in these conditions. But there are no complaints at all, we have to bowl and field well.”India also lack a third full-time pacer. Instead, they have opted for two spinners, with Kuldeep Yadav included ahead of Umesh Yadav.The vice-captain said that in drier conditions, Kuldeep could wreak havoc. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

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Iovine-Young Academy opens for classes

first_imgThe Jimmy Iovine and Andre Young Academy officially opens this semester, and its newly-built student workspace reflects the Academy’s focus on innovation.The Recipe · The Academy brings together professors from USC Annenberg, Marshall, Viterbi and Roski in a new, innovative space. – Min Haeng Cho | Daily TrojanInside the Academy on the fourth floor of the Tutor Campus Center, the 31 students of the Academy’s inaugural class have made their mark with their signatures on the central column. These students will begin the program this fall to achieve a degree in Arts, Technology and the Business of Innovation or, as the university has referred to it, a “degree in disruption.”The Academy, created by a $70 million donation from Iovine and Young that was announced in May  2013, was inspired in part by the success the duo had when they fused pop culture with innovation in founding Beats Electronics, maker of the hugely successful audio device Beats by Dr. Dre. The academy’s mission is to encourage 25 to 30 students each year to replicate and even outdo that work.“Many of the students had seen the space when it was raw, when they came in February for the interview weekend,” Jessica Vernon, senior advisor and recruiter for the Academy said. “For them to come in and see the finished product … The idea that I’ve got from the students is that it is even better than they had imagined,” she said.The Academy’s entrance is “the Garage,” a spacious open workspace whose name pays homage to the ideas that were cultivated in garages across America by innovators such as Steve Jobs. Inside is the necessary equipment: several 3-D printers sit along a wall, next to display cases ready to showcase the prototypes and concepts that can be printed in plastic from digital or hard designs. Digital workstations complete with large TV screens, laptop plugins and speakers sit around the edges of the room.Doors from the Garage lead to two classrooms and the Shop, a room full of wood and metal working tools and a sandblaster that Vernon affectionately refers to as “the dirty space.” Down the hall from the dirty space is the Fab Room, which contains a refrigerator-sized 3-D printer and an industrial laser cutter and engraver. In the Shop and the Fab Room, Vernon says, students will do everything from building drones to using the printers to materialize their ideas via rapid prototyping.The Academy’s facilities will be used in conjunction with an exclusive curriculum developed by professors from the Marshall School of Business, the Annenberg School for Communication and Journalism, the Roski School of Art and Design and the Viterbi School of Engineering. Students will pick two of five areas of “emphasis” that include venture management, audio design, communication, visual design and technology.“I just can’t wait to see what they do,” Vernon said. “I’m excited to see how they really bond together and the type of team projects they work on together.”One of those students is freshman Luke McGartland, who knew he’d find a home at the Academy from the moment he received his acceptance letter in the form of a personalized YouTube message from Iovine and Young.“I watched it about 50 times,” McGartland said.For McGartland, the best thing about the Academy is the sense of finding a group of individuals similar to him.“We all have the same sort of strain of DNA,” he said. “No else quite got what we were thinking of back in high school. You can have a great idea, but without a great team you aren’t going to be able to do as well as you could.”Luke, who filled a 240-page notebook in high school with ideas for everything from app designs to inventions, now has that team at the Academy.Students are challenged to continuously innovate as seen in a picture of Jimmy Iovine that sits on the wall just next to the Academy’s conference room, which is equipped to host digital lectures with high-profile industry leaders.“Think you’re as innovative as this guy?” the poster asks. “He’s betting on it.”UPDATE, Aug. 26, 10:35 p.m.: This article has been updated to reflect factual changes and minor edits. The Thornton School of Music is no longer affiliated with the Iovine and Young Academy.last_img read more

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IOC Boss Tasks Nigeria to Develop Fencing

first_imgInternational Olympic Committee (IOC) President, Thomas Bach (left), displaying fencing skills in a demonstration practice with a student from the Aduvie International School in Jabi, Abuja …..thursday “He commended Nigeria for showing commitment to the sport noting that the country’s hosting of the African Championship should serve as a foundation for the growth of the sport in the country,” Nigerian fencing boss Adeyinka Samuel said.Oguneye was so elated about the privilege saying she dreamt to fence for Nigeria at the Olympics in the near future.“This is a rare privilege for me to have a friendly contest with the IOC President. I am determined to use this opportunity to pursue my dream of fencing for Nigeria at the Olympics,” she said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram International Olympic Committee (IOC) president, Thomas Bach,has called on Nigeria to embrace fencing saying the country can excel in the sport if it gets adequate support.Bach, who featured in a fencing display at Aduvie International School, Jabi District, Abuja on Thursday said the nation has the wherewithal to be a force in the sport.The display which lasted for roughly three minutes saw the former Olympic champion in took on a young Nigerian fencer Mariah Oguneye in a foil encounter as part of his itinerary for his visit to Nigeria of which highpoint was the commissioning of Association of National Olympic Committees of Africa (ANOCA) Headquarters in the Nigerian capital.last_img read more

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Football Federation of BiH became member of UEFA Referee Convention

first_imgBiH Football Federation has formally become a member of the UEFA Referee Convention, reports BiH Football FederationAfter the UEFA Executive Committee gave the approval, the protocol was signed by president of FFBIH Elvedin Begić, secretary general of FFBIH Jasmin Baković, president of UEFA Michel Platini, secretary general of UEFA Gianni Infantino and Chairman of the Referee Committee Angel Maria Villar Llona.With this convention FFBIH has obliged itself to respect all principles of the UEFA Referee Convention and to notify the UEFA about any changes in organisation or education of referees.On the other hand, UEFA will give 100 000 EUR for the development of the referee structures and the training of referees in BiH.(sportsport.ba)last_img

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World War Z with Brad Pitt playing at the Wellington Regent Theater

first_imgThis week at the Regent Theater: “World War Z” (Movie trailer is below).When: Friday at 7  p.m.; Saturday, 2 p.m and 7 p.m.; Sunday, 2 p.m. and 7 p.m.Rated: PG-13, 1 hour, 55 minutesMovie Synopsis: The story revolves around United Nations employee Gerry Lane (Pitt), who traverses the world in a race against time to stop a pandemic that is toppling armies and governments and threatening to decimate humanity itself. (C) ParamountRotten Tomatoes rating (movie critics collective approval ratings): 67%. Audience review: 77% approval.Movies ahead at Regent Theater:Coming soon:July 19: Despicable Me2.July 26: The Lone Ranger.last_img

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Sahara plays role of Grinch, steals Leafs Christmas

first_imgBy Bruce Fuhr,The Nelson Daily SportsTalk about the Grinch stealing Christmas. Talk about those poor souls down in Nelsonville who now have to spend Christmas without their green candy or two green points.Dylan Sahara took all the greenly momentum heading into the break to the top of Mount Crumpit scoring with just over a second remaining in the second overtime period to lift the Grand Forks Border Bruins to a 6-5 Kootenay International Junior Hockey League victory over the  Nelson Leafs Sunday afternoon at the NDCC Arena. “That was a pretty good present right there,” a beaming Sahara said from outside the boisterous Grand Forks dressing room.Sahara, with only eight goals on the season but none bigger than Sunday’s winner, grabbed a loose puck in the neutral zone. The Kaledan, B.C. native skated down the left side of the ice before swooping in front of Nelson goalie Marcus Beesley.Sahara out waited Beesley before lifting a backhander into bottom left corner of the net.“I just saw the puck . . . the clock didn’t really matter,” explained Sahara. “I just had to go to the net. I was just glad I got it past him in time.”The loss was a bitter pill to swallow for the Leafs. The defending Murdoch Division champs are desperately trying to prove to the rest of the league this franchise can be included in the same sentence as the elite teams in the KIJHL.However, for the second time this season the Leafs have been beaten by one of the weaker sisters.“We kind of threw this one away,” said Leaf assistant coach Sean Dooley, who along with assistant Jason Rushton were trying to give head coach Chris Shaw an early Christmas present.Shaw was suspended for the Grand Forks game after a line brawl broke out in the final minutes of Saturday’s 4-1 loss to Beaver Valley. The game featured four fights, which is an automatic game suspension for the head coach of both Beaver Valley and Nelson.“We thought we had a comfortable lead,” Dooley added. “We thought that was good enough but at the end of the game we basically threw it away.”The Leafs had a comfortable lead. Gavin Currie scored on the power play at the 12-minute mark of the third period to give Nelson a 5-2 advantage.But no sooner than the Leafs had done the customary high five by the bench then Sahara scored his first of two on the night to make it a two-goal game.Twenty-one seconds later Zachary Thompson beat Beesley to make it a one-goal contest. With Nelson attempting to run out the clock Randy Tosoff scored the tying marker, tucking home a loose puck past Beesley.“We started going right after (Thompson’s) goal,” Sahara said. “We took the momentum and were able to get right back into the game with it.”In the overtime both teams had chances to end the contest. Leaf defenceman Tyler Parfeniuk skated around the Bruins’ defence but was denied by goalie Garrett Muir.  Muir replaced Ryan Ryman who left the game in the third with a leg injury.Beesley was also busy as the Leafs pressed for the winner leaving the backstopper the last man standing on too many occasions.“Grand Forks doesn’t have that bad a team,” Dooley confessed. “They’ve got a few good players on that team. We get up those goals and think the game is won but before you know it (Grand Forks) is right back in it.”Currie, as he’s done all season, led the Leaf charge offensively with two goals. Evan J. Moir, Marcus Dahl and rookie Adam Wheeldon scored singles.Kale Erickson and Yan Kalashnikov also scored for the Bruins. Nelson out shot Grand Forks 38-33.The Leafs are idle for a few weeks before returning to action December 29th in Castlegar against the Rebels. Nelson hosts Spokane Braves for the annual New Year’s Eve contest at 1 p.m. in the NDCC Arena.BLUELINES: Nelson was missing defenceman Blake Arcuri and forwards Cody Abbey and Colton Malmsten to suspension after the line brawl Saturday night in Beaver Valley. . . . Also on the sidelines due to injury was defencemen Walker Sidoni and Raymond Reimer and forward Connor McLaughlin. The news is not good for McLaughlin who could be gone for the rest of the season with a shoulder injury. . . .The turning point for Nelson may have come in the third when captain Taylor O’Neil dropped the gloves with Cody Larsen of the Bruins. Because when the roof began to cave in on Nelson there was no one there to hold it up, including the team captain. . . .After being held off the scoresheet last week in Osoyoos, Leafs leading scorer Gavin Currie has quietly put together a three-game point streak. The Abbotsford native has points in 15 of the last 19 games. . . .So what would have happened in second, three-on-three, overtime has their been a penalty called by referee Erik Laughton? The veteran referee said an extra player would have been added to the team with the man advantage making the power play a 4-on-3. . . .Nelson defeated Kimberley 6-4 Friday in the Bavarian City to open the weekend. Saturday, the Leaf fell 4-1 to the Hawks in Fruitvale. . . .Grand Forks, losing to Beaver Valley 7-4 Saturday, plays in Fruitvale Tuesday and Creston Friday before heading into the Christmas break.last_img read more

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