Ruth Wilson Talks Constellations, The Brilliant (British?) Jake Gyllenhaal & More

first_img View Comments Constellations Related Shows Constellations star and recent The Affair Golden Globe winner Ruth Wilson stopped by Late Night on January 19 to chat with Seth Meyers about her pre-awards tequila shot, her Broadway bow and her terrifying clowning days. The play follows Marianne (Wilson) and Roland (Jake Gyllenhaal) through multiple variations of the key moments of their relationship. Wilson has her own British accent to bring to the stage, but what does she think of her costar’s? “It’s brilliant. I think it’s one of the best I’ve heard an American do.” Take a look at the interview below, in which Wilson also recounts her strange acting school days, including being asked to sexually pleasure her imaginary horse. As one does. Catch Wilson and Gyllenhaal in Constellations at the Samuel J. Friedman Theatre. Show Closed This production ended its run on March 15, 2015last_img read more

More than chicken scratch

first_imgBy Cat HolmesUniversity of GeorgiaThe University of Georgia was recently awarded a $5.6 million grant for work that could one day lead to the development of artificial chromosomes in corn.The ability to create artificial chromosomes would provide crop geneticists a quantum leap in their ability to create corn varieties adapted to specific production needs.”Right now we work with one trait at a time instead of the whole shebang,” said Wayne Parrott, a UGA crop geneticist and co-investigator of the new grant. “It’s a very time-consuming process.”And while simple traits, such as drought tolerance or insect resistance, are time-consuming enough, many of the traits, such as pigmentation or oil expression, are complex traits.”The greatly limiting step is getting (multiple traits) to work together,” Parrott said.Artificial chromosomes would allow scientists to compile a “package” of desired traits in a test tube and then put it in the corn. “It’s the difference between having access to a book or an entire library,” said Parrott.And once artificial chromosomes are developed for corn, Parrott said, the lion’s share of the work is done for other crops as well.”Once you have this package for corn, with very little modification you should be able to put it in soybeans, cotton or peanuts,” he said.The current focus of the work is centromeres, the middle part of a cell’s chromosomes.”We know that chromosomes have ends and a middle,” Parrott explained. “The ends are highly conserved. That means there is no difference between the ends of your chromosomes and that of a plant.”However, in the middle of the chromosomes, the centromere, very little is conserved, even between very related species. That has made it tough to elucidate.”Scientists do know that the centromere is very important in keeping the chromosome stable in the cell, a quality that’s critical for plant breeding.To study the centromere, “we had to ramp up the industry standard,” Parrott said. Typically, scientists engineer little snippets of DNA, only about 20,000 base pairs.For this study, the scientists studied and engineered 150,000 base pairs at once. “That’s the difference between a little Cesna aircraft and a 747 jumbo jet in terms of complexity and effort,” Parrott said.The scientists, who include James Birchler of the University of Missouri, Jiming Jiang of the University of Wisconsin, Gernot Prestling of the University of Hawaii and the grant’s principal investigator, Kelly Dawe of UGA, now have a good grasp of the sequence of the corn centromere.”Part of the key is (that) centromeres have an off and on switch to make them work,” Parrott said. “It’s not so much the sequence of the centromere as the shape, how it’s folded, that determines this off and on switch.”Part of the work now is to determine how to turn that off-and-on switch better, Parrott said. It sounds simple but will involve a tremendous amount of research and work.(Cat Holmes is a news editor for the University of Georgia College of Agricultural and Environmental Sciences.)last_img read more

Sub-Surface Drip Irrigation

first_imgDrip irrigation systems have long helped Georgia vegetable farmers grow high yielding crops. Sub-surface drip irrigation can help some Georgia peanut farmers water their crops more efficiently, according to a University of Georgia Cooperative Extension expert. And, it won’t interfere with peanut digging equipment.While not suitable for all peanut fields, sub-surface drip irrigation could be used in smaller fields with irregular shapes where pivots are unable to reach or in plots with dry corners.“With drip tubing, you can get in these smaller spaces and provide irrigation for peanuts,” said Wes Porter, a UGA Extension precision agriculture and irrigation specialist.Sub-surface drip irrigation is primarily used for vegetable production in Georgia. Most commercial farmers grow vegetables on a plastic covering that lies above the sub-surface drip irrigation system. The water is applied directly to the plants’ roots, which results in vegetable farmers’ success.Porter believes that the same success can be achieved with peanut farmers. One of the system’s biggest advantages is its efficiency. With a standard irrigation system, Porter estimates farmers achieve an 80- to 85-percent success rate because some of the water used over the crops evaporates. With a drip system, efficiency is increased to between 90 and 95 percent. Farmers maximize their water usage and decrease the amount of water they use, which conserves resources and saves money.“The crop still requires the same amount of water, but with your efficiency calculation, you should be able to back off the amount you’re applying,” Porter said.Porter hopes to dispel the misconception that drip irrigation interferes with peanut diggers.“When they get in the soil, farmers are afraid they’re going to hit their drip lines when they’re digging their peanuts. You’re not because the drip line is 12 inches below the soil surface. You’re sufficiently deep,” he said. Only 3 to 4 inches of depth is required for peanut diggers to be successful. “Having the water right there for that root zone for those peanuts really helps throughout the season.”One disadvantage of drip irrigation is the high cost of installation. Porter estimates drip irrigation is twice as expensive at installation than overhead irrigation —anywhere from $1,600 to $2,000 per acre. This cost includes insulation materials and tubing, but not the cost of the water source. However, because it uses thicker material and is buried deep in the soil, drip irrigation can last 10 to 15 years and up to 20 years in some cases, Porter said.Drip irrigation systems can be operated manually or through an automated timer that applies water on a designated schedule.“With proper management, farmers can really see an increase in yields from drip. We know how much water each crop needs from the standpoint of inches per week,” he said.last_img read more

Bear Aware

first_imgPhoto: John Manuel The U.S. Forest Service suspended camping in the Shining Rock Wilderness in Pisgah National Forest last fall because of a series of bear encounters with backpackers. Campers reported multiple incidents of bears climbing trees to retrieve hung bear bags.“I don’t think we’ve ever had to close camping in Shining Rock before,” says Pisgah District ranger Derek Ibarguen. “There was one incident when the bear made contact with a tent. That’s too close for comfort, so we decided to suspend camping until winter.”Similar bear encounters were reported all over the Southeast in 2012. Black bears tore apart properly hung bear bags last fall in Panthertown Valley, prompting the Nantahala National Forest to release a bear alert for the valley. Great Smoky Mountains National Park closed two backcountry camping areas because of bear activity. And in Georgia, increased bear activity in the Blood Mountain Wilderness has prompted a new U.S. Forest Service rule requiring approved bear-resistant storage containers for camping on a five-mile stretch of the A.T. through the Wilderness during the spring.“We’re definitely seeing an upward trend in bear/human encounters in the backcountry,” says Mike Carraway, a biologist for the North Carolina Wildlife Commission. “We have a healthy bear population in the mountains. At the same time, more people are recreating in those mountains, so bear interactions are inevitable.”Carraway says that bears are both smart and creatures of habit. If they’re rewarded by a certain behavior, like climbing trees to get hung food, they’re likely to repeat that behavior.“In the past, we haven’t had many problems with bears going after food in campsites or up trees, but we have more bears in the forest now and more people camping,” Carraway says. “So we’re seeing more bears climb trees after hung bags, and more bears entering campsites.”Spring is typically the most active season for bears, as they forage for food after exiting their hibernation dens in March. But there’s no reason for backpackers to fear the backcountry. Take the proper precautions to remove the allure from your campsite, and backpackers and black bears can coexist without incident.“The key to reducing your chances of seeing an unwelcome bear is proper food storage,” says Steven Westcott, spokesperson for Pisgah National Forest. “We have bear encounters every year, but most cases are when food is left in the tents or near a cooking area.”Here’s a simple guide to creating a bear-proof campsite in the backcountry.The golden rule: Don’t carry anything with a scent into your tent with you: no candy bars, no toothpaste, no lip balm. Bears love lip balm.Properly hang your food bag: Finding the right tree is key. You need to be able to hang the bag 12 feet off the ground and at least three feet from the trunk, so the bear can’t climb for it. The bag should also be 100 feet from your tent.Cook somewhere else: Cooking at the fire ring beside your tent creates all kinds of tempting smells for black bears. Instead, consider cooking along the trail before you set up camp. At the very least, have a separate “cook site” 100 feet from your tent where you cook your meals. This will keep all alluring smells away from your tent.Three sites: If you’re taking all of the precautions, your campsite should actually be a collection of three sites (your tent, your cook site, and your food bag) all spaced at least 100 feet apart.Hang it or Can it?Many Western parks and forests require backpackers to store all of their food in an approved bear canister—hard plastic barrels that are air tight and stored a safe distance from the campsite. The Chattahoochee National Forest in Georgia has issued this requirement for a section of the A.T. that has a heavy bear population. Should all backpackers switch to bear canisters instead of hanging their bags?“It might be appropriate for the forest service to require bear canisters in certain sections of the forest at certain times of the year,” says Mike Carraway. “But there’s no reason for a forest-wide rule requiring canisters at all times.”Still, the bear can might be worth your consideration. Canisters have proven to be more “bear proof” than hanging bags. The downside? They’re an added cost many backpackers don’t want to pony up, and they add a couple of pounds to your pack.last_img read more

Mission Haiti and The Loss of a Friend

first_imgBy Dialogo February 01, 2010 To be selected to participate in peace missions abroad is considered a distinction among Latin American military personnel. For the majority, it is not the salary in American dollars that attracts them, but the possibility of raising the profile of their countries abroad, as well as participating in humanitarian and peacemaking actions. Deaths are rare in these situations. With the earthquake that devastated Haiti on January 12, this has changed. Brazil, which has led the peace mission in Haiti for almost six years, had more than 1,200 military personnel in the country at the time of the tragedy. Eighteen of them did not survive. To discuss what it means for a member of the military to lose a friend – Colonel Emilio Carlos Torres Santos, married, 2 daughters – who dedicated his life to saving the lives of others, Diálogo magazine talked to Lieutenant Col. Fernando de Galvão e Albuquerque Montenegro, the head of the Education Department of the Center for Jungle Warfare Instruction (CIGS – Centro de Instrução de Guerra na Selva), responsible for managing the process of training Brazil’s jungle warriors and international students from various military units from all over the world. *Diálogo* – How many years have you and Colonel Emilio been friends, and how did you meet each other? *Colonel Montenegro* – He was in my class starting at the Colégio Militar in Rio de Janeiro, in 1977, but our friendship strengthened when we both went to the Military Academy of Agulhas Negras (AMAN – Academia Militar das Agulhas Negras). Colonel Emilio belonged to the infantry like me and also like me, was an athlete (water polo team). In other words, it was a friendship of over thirty years, and he was a person whom I admired enormously. *Diálogo* – How did you learn of his death? *Colonel Montenegro* – I am based in Manaus, in Amazonas state, but I was on vacation in Rio de Janeiro and met other comrades at the Army School of Physical Education, some of whom were getting ready to go to Haiti. They were the ones to break the news to me. It was a shock. *Diálogo* – Obviously, the loss of a close friend is very painful. Is there any comfort in knowing he died while performing such a noble function? *Colonel Montenegro* – It is undoubtedly comforting. We participated together in the Special Forces Battalion for a long time and performed various high-risk activities, from actions along the border against the Colombian FARC, to parachuting, free fall from high altitudes, where the use of oxygen tanks is required during the jump, and also diving in zero-visibility areas. We are prepared to face the risk and the presence of death, but we deal with it professionally and focus on what we need to do and not on what can happen. Colonel Emilio had embedded in him this sense of constant danger, and of how to deal with it. However, we never expected to lose someone so close and so used to dealing with danger, as in my case. I never think about dying when I am performing any kind of activity. *Diálogo* – What are you going to miss the most about your companionship with Colonel Emilio? *Colonel Montenegro* – The feeling of loss is very intense, because I knew him very well. He was a very serious and qualified professional. He was an idealist. He believed strongly in what he did. He had an above-average dedication to the military career. He was so experienced that he was designated commander (2007/2008) of the 26th Battalion of Parachute Infantry, one of the most important ready-response units in our Army. It was his second time participating in the Brazilian mission in Haiti, this time as the MINUSTAH Commander’s right-hand man. *Diálogo* – Do you have any information about the moment of his death? *Colonel Montenegro* – He was conducting an important MINUSTAH meeting, since the general commanding the mission was not present, inside the UN compound. When he felt the first tremors, he ran with the others, looking for a way out. He was found near the building’s exit, so that it was a matter of seconds that he didn’t make it. Another comrade, Lieutenant Col. Alexandre Santos, was near him, under the debris, with his legs caught, but he survived after a rescue that took over four hours. *Diálogo* – Did the tragedy change anything with regard to the military personnel who have already departed or will depart for Haiti? *Colonel Montenegro* – Naturally the families – and even the military personnel themselves – started to be more concerned about the mission, which will most likely generate other kinds of worries for those going there, not only regarding preparation, but also how to behave in Haiti, in the kind of setup being used there. There must be a change in psychological preparation as well. On the other hand, the earthquake increased the desire, which was already quite present among Brazilian military personnel, to participate in these kinds of missions. It is important to emphasize that, at least in Brazil, these missions abroad are voluntary, and the participants have a lot of enthusiasm. For us the important thing is not only to help, but also to continually enhance Brazil’s reputation and that of its Armed Forces abroad, as we are doing now in Haiti, in Ivory Coast, in East Timor, and as we did in Bosnia. Congratulations for this well elaborated and straight to the point interview.After reading it I became prouder of being a son and also a grandson of a military. First of all, my condolences to the families of Colonel Emilio and Colonel Montenegro for their utmost professional conduct as officers in the Special Forces for their country, as this could happen in any other country too; given that we aren’t merely trained “to destroy” as many assume, but we also have a soul and heart forged in steel to “BUILD” whenever a global citizen is in need of… “May God watch over Coronel Umbral and make sure his Mission is completed.” I think that it is very good. because , who can tell me. what it is more important than save a human life?. they did goog job. I would first like to give my condolences to all the families who lost someone in the earthquake; it’s a situation that nobody wants experience. My husband is a military and volunteer to go to Haiti; I live in Santa Maria and last week 350 troops left the city to help the Haitian people. My husband was not selected in the first class but he remains volunteer. I am with “my heart in my hand” for him but I know we must help others and I hope and pray that soon everything returns to normal and that everyobe is in peace. Family members in ourning are sure that their loved ones are at peace together with God because they were heroes and humanitarian and made their mission honorably. I hope I am a Brazilian Army sergeant and will be shipping to Haiti in the coming days. Our mission is very noble, let’s help those people and care ourselves to get back to our country and our families wth physical and psychological integrity preserved. Our greetings and best wishes to all the volunteers, may God protect us. Brazil – All for peace! ZUM… Zaravalho… CMRJ… Emílio went as CMRJ… Memories of a CMRJ-276-Oliveira “An infant leaves the scene… others will follow…” – Lauro Almeida de Oliveira – Ex-276-CMRJ Rio, 170210 I was a soldier in 1988, my commander was Lieutenant Emilio and until today I, 43 years old, admire him and tell everybody that I never saw a person so intelligent, brave and skilled as he was. It is a pity that the Brazilian Army lost a future general, who knows he could have been one of the greatest and best generals in the whole world. Thank you. Soldier Eugenio, from the 14th Infantry Motorized Battalion, Socorro, Recife-PE. I had the privilege to have this warrior Mr. Brigade Colonel as my Commander at the 26 Bl Pqdt, and to be his official driver, as well as his family’s driver. Everyday I drove him to his apartment at Morada do Sol at Botafogo, in Rio. We used to talk a lot about the Haiti’s missions, he was very enthusiastic when he talked about them. We were stationed at the Community for 8 days, we didn’t sleep at night, had meetings with the Joint Chiefs of Staff, and he was always highly motivated. Besides being an excellent professional, he was great with his family. He spoke everyday about his daughters, little Carol and Tatiane, as well as Paula who at that time was a doctor at HCE.I miss this Friend, the Commander. I had the privilege to have this warrior Mr. Brigade Colonel as my Commander at the 26 Bl Pqdt, and to be his official driver, as well as his family’s driver. Everyday I drove him to his apartment at Morada do Sol at Botafogo, in Rio. We used to talk a lot about the Haiti’s missions, he was very enthusiastic when he talked about them. We were stationed at the Community for 8 days, we didn’t sleep at night, had meetings with the Joint Chiefs of Staff, and he was always highly motivated. Besides being an excellent professional, he was great with his family. He spoke everyday about his daughters, little Carol and Tatiane, as well as Paula who at that time was a doctor at HCE.I miss this Friend, the Commander.last_img read more

Mumbai Indians vs Delhi Capitals – Highlights & Stats

first_imgDespite a valiant knock of 65 from 46 balls by Marcus Stoinis, Bumrah – who recorded his best T20 figures of 4-14 – returned to remove him, and with it any lingering doubts about the outcome.SCORECARDThe only downside for the defending champions was a groin strain that forced Boult (2-9) off the field after bowling just two overs, making him doubtful for Tuesday’s final in Abu Dhabi.- Advertisement – Having initially taken a back seat, Suryakumar then weighed in, pulling Anrich Nortje for two fours and slamming Ashwin for a big six – but, when De Kock attempted to follow suit, he skied into the waiting hands of Dhawan at long off.Mumbai suddenly found themselves faltering at 101-4 when Suryakumar – having just reached his half-century – hooked Nortje into the hands of long leg and Kieron Pollard (0) fell to an excellent diving catch by Kagiso Rabada.Stoinis (1-5) made further inroads with his first ball, having Krunal Pandya (13) caught on the boundary, but Ishan Kishan (55 not out from 30) and Hardik Pandya exploded into life as they amassed 78 from the last five overs.Pandya (37no from 14) pressed down hard on the accelerator, thrashing successive sixes off Rabada and then inflicting the same punishment on Nortje before Kishan punched another maximum to reach his half-century off the last ball of the innings and lift Mumbai to 200-5.Surpassing that total always looked likely to be a steep task for the Capitals – but the first eight deliveries of their reply rendered it virtually impossible.Shaw was the first to go, caught behind off Boult’s cutter before the New Zealander moved one back to trap Rahane leg before and then Bumrah sent Dhawan on his way with an unplayable yorker.Delhi skipper Shreyas Iyer (12) did his best to retrieve the situation with three boundaries – but he became Bumrah’s second victim when he attempted a fourth and drilled it hard into the hands of Rohit at cover.However, Stoinis made good progress and he found a strong ally in Axar Patel, with the pair putting on 71 from 44 balls to give Delhi a glimmer of hope before Bumrah extinguished it once and for all.The Mumbai paceman bowled Stoinis with a delivery that kept low, adding his fourth wicket by having Sams caught behind later in the over – and, despite Patel’s effort of 42 from 33 balls, the Capitals fell well short at 143-8. Delhi will get another opportunity to face Mumbai in the final if they can overcome the winner of Friday’s eliminator between Sunrisers Hyderabad and Royal Challengers Bangalore on Sunday, live on Sky Sports Cricket.Wily spinner Ravichandran Ashwin (3-29) struck an early blow after Delhi had put the champions in to bat, trapping Rohit Sharma lbw on the back foot for a first-ball duck.At the other end, Quinton de Kock (40 from 25) set off like a train, hammering three crisp boundaries off Daniel Sams’ first over as he and Suryakumar Yadav (51 from 38) added 62 from 37 deliveries.- Advertisement – – Advertisement – Jasprit Bumrah and Trent Boult wrecked Delhi Capitals’ top order with a devastating spell of bowling to book Mumbai Indians’ place in the IPL final with a 57-run victory.Mumbai had rested the seam pair for their final group game and they returned to the side in style, removing all of Delhi’s top three – Prithvi Shaw, Ajinkya Rahane and Shikhar Dhawan – for ducks inside eight balls.- Advertisement –last_img read more

West Midlands – Talk of the Towns

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Gerindra touts Prabowo’s niece to run in South Tangerang mayoral election

first_imgGerindra party politician Rahayu “Sara” Saraswati has secured support from the party’s executive board to run in the upcoming South Tangerang regional elections, pending official endorsement from her uncle, party chairman Prabowo Subianto.Gerindra’s South Tangerang branch executive board (DPC) has supported Sara as the party’s candidate for the 2020 regional elections, which has also been approved by the party’s executive board (DPD). Her official candidacy would need the stamp of approval from Prabowo who, as the party’s chairman, would have the final say on the party’s candidates competing in regional elections.Gerindra South Tangerang DPC secretary-general Yudi Budi Wibodo said the party was intensively communicating with other political parties. Sara is the daughter of businessman Hashim Djojojadikusumo, Prabowo’s youngest brother. She previously served as a House of Representatives lawmaker for the 2014-2019 period. She ran for reelection in the 2019 legislative elections but failed to secure a seat.South Tangerang in Banten is among 270 regions slated to elect their new leaders in concurrent regional elections in December this year. The region, considered a growing and hip satellite city to capital Jakarta, has attracted a number of hopefuls that have declared their plans to run in the elections, including current Deputy Mayor Benyamin Davnie and daughter of Vice President Ma’ruf Amin, Siti Nur Azizah.Sara said she was not afraid to compete against other possible candidates in the elections.”Everyone has their own strengths and weaknesses,” she told kompas.com on Friday. (rin)Topics : Geridra has eight seats on the South Tangerang Legislative Council (DPRD), so it will need to forge a coalition with other parties to endorse a candidate. It takes at least 10 seats, or 20 percent of the total 50 seats on the council for a party to endorse its own candidate.Read also: Hopefuls set sights on leadership posts in hip South TangerangYudi refused to further comment on possible coalition partners.“All parties are the same to us. Each party has potential, especially those that have not declared their possible candidates,” he said on Saturday as reported by kompas.com.last_img read more

Why people are looking to the styles of the past to find their dream homes

first_img3/30 Rialto Street, Coorparoo, sold for $510,000 on March 19 this year.WHEN it comes to picking out a dream home, not everyone is swayed by the state-of-the-art, modern homes currently being built in Brisbane and across Queensland. For aficionados of art deco style, which typically includes a type of design popular from the 1920s and 1930s, there is something about the sleek look of homes built in that period that trumps anything built since. Although Brisbane has a number of art deco homes and apartments scattered around the inner suburbs, there are much fewer than in Sydney and Melbourne. For Damien Felsman it was the sweeping elegance of the 1920s-era home at 26 Constitution Rd in Windsor that immediately caught his eye when he bought the property in 2010. A prominent art deco home in Melbourne that is currently on the market.She helps document the history of art deco buildings through the Brisbane Art Deco project and said that the homes could often be found in suburbs that were built before the car was as commonplace as it is today.“So you’ll notice that, in Brisbane, our remaining art deco apartment buildings are often located along streets where the trams once ran,” she said. 26 Constitution Road Windsor was built in the 1920s and maintains the style from when it was constructed.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago“It is just a stunning home, I would really hate to see it get knocked down one day,” Mr Felsman said. “I would love for it to still be here in a hundred years’ time.”Maintaining the older home did have its difficulties, and Mr Felsman said there were times when contractors did not want to work on it due to the home’s sheer size. Damien and Emma Felsman at their home in Windsor. Picture: Annette Dew.Longtime art deco aficionado Dr Kim Wilson said the style, which fell out of favour after the Second World War, had been rediscovered by new generations. “Like all types of heritage, rarity is also a factor that makes particular styles more popular – and I think this is especially true in a Brisbane context where art deco homes and apartments are particularly special and are highly valued,” Dr Wilson said. center_img Inside 26 Constitution Road Windsor.Now he and his family are moving down to the Gold Coast, and he is looking for a buyer that loves the historic home just as much as he does. A restored art deco home at 177 Banks Street, Alderley.Real estate agent Gabrielle Baker said it was difficult to determine just how much value the art deco style was worth when compared to other homes in the same area.“People will certainly pay more, but what that is in dollar terms is difficult to determine,” Ms Baker said. “If you have something that captures the imagination and there are three or four people that really want it, that could push the price up.”But keeping a home in the art deco style was also a challenge, and she said many owners would search far and wide when renovating to find materials that would not look out of place in an art deco home.last_img read more

M&G to transfer €7bn to Luxembourg ahead of Brexit

first_imgUK-based asset manager M&G is planning to transfer four of its funds to Luxembourg to remove uncertainty for non-UK investors ahead of the country exiting the EU.The funds are worth a combined €7bn and are offered exclusively to non-UK investors, despite being domiciled in London.Anne Richards, chief executive of M&G, said: “With little clarity yet on the outcome of the negotiations between the UK and the rest of the European Union on its future trading relationship, we believe it is prudent to take action now to protect the interests of our international customers.“The proposals to transfer the assets of these four funds have a primary aim – to minimise disruption for our investors. Approval of the transfer will ensure they retain access to the same strategies and the same fund managers.” Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier, and the UK’s Financial Conduct Authority have both given the transfer the green light. The proposal will be put to investors in the four funds in September with a view to moving the assets to the fund manager’s existing SICAV in November, according to a statement from M&G.The four funds affected are:M&G Dynamic AllocationM&G Income AllocationM&G Prudent Allocation (to be renamed M&G Conservative Allocation)M&G European Inflation Linked Corporate BondData from trade body the Investment Association (IA) showed that non-UK investors had £73.7bn (€83.5bn) invested in UK-domiciled funds managed by IA members at the end of April. Meanwhile, UK investors had £107.7bn invested in non-UK domiciled funds. Ireland and Luxembourg are the primary homes for these funds.Earlier this year, David Suetens, managing director of State Street in Luxembourg, told IPE there could be “some re-shuffling of products and investors” ahead of the outcome of the UK and EU negotiations being known. State Street helped M&G set up its Luxembourg operation.Suetens said: “Promoters will most likely re-direct EU investors to EU-based vehicles and keep OIECs [UK investment vehicles] as local distribution products. This said, to the extent regulatory frameworks for funds remain comparatively equivalent between the UK and the EU, and consumers are still allowed to purchase cross border… the choice ultimately will still reside with the investor who will set the course.”last_img read more