Werner HertzogNo successor has been nominated for Hertzog yet.“This still has time as we are in a very quiet phase and no exceptional leadership decisions have to be made,” Hertzog said.BPK improves investment return year-on-yearThe year Hertzog joined the public pension fund – which is among Switzerland’s top 15 biggest pension funds in IPE’s Top 1000 ranking – BPK reported a performance of 2.4%, compared to a market average of around 3.4%. However, it still beat its own benchmark.Last year, the fund underweighted equities but still managed to generate an 8.2% return, beating the market average for 2017 of just under 8%.According to the BPK’s annual report, the performance was down to strong results from its real estate allocation and stock selection in equities and domestic bonds.It added the 2017 asset allocation had been “a cautious tactical weighting of the markets”.The fund started the first quarter of 2018 with a loss of 1.8%, in line with the general market trend.At the end of 2017 the funding level of the BPK stood at 92.8%. The scheme does not have to be fully funded given the guarantee it has from the canton of Berne. The Bernische Pensionskasse (BPK) is to recruit a new managing director with Werner Hertzog set to leave after less than two years in the role, IPE has learned.Hertzog confirmed via email that he will leave the CHF13.4bn (€11.6bn) pension fund for the Swiss canton of Berne at the end of October .He did not give any reasons, saying only that he will be “focusing on other tasks”.Hertzog was previously managing director at Aon Switzerland between 2011 and 2014, and before that led the country’s largest pension fund, Publica, for seven years. After taking a personal sabbatical in 2015, he joined the BPK in December 2016.
Associated Press 1:55 p.m.Second-seeded Dominic Thiem earned a spot in the third round of the U.S. Open with a 6-3, 6-3, 6-1 win over over Sumit Nagal. Thiem, who turned 27 on Thursday, faces 2014 U.S. Open champion Marin Cilic in the next round. On the women’s side, ninth-seeded Johanna Konta had an early exit at Flushing Meadows. Romania’s Sorana Cîrstea knocked off Konta 2-6, 7-6, 6-4 to earn her spot in the third round.____1:10 p.m. The forecast calls for partly cloudy skies with a high of 76 degrees.___More AP tennis: https://apnews.com/apf-Tennis and https://twitter.com/AP_Sports Share This StoryFacebookTwitteremailPrintLinkedinRedditNEW YORK (AP) — The Latest on the U.S. Open tennis tournament (all times EDT):7:35 p.m.The U.S. Open was hit with rain, forcing the roof to close in matches involving Daniil Medvedev and Serena Williams. A 32-year-old Bulgarian, Pironkova left the women’s tour to give birth to her son Alexander in April 2018. She is playing in her 12th Open but her first since 2016, and it’s her first tournament since Wimbledon in 2017.She finished with an ace for her 22nd victory against a top-20 player.___11:25 a.m.The fourth day of play is underway at the U.S. Open, with Serena Williams, reigning Australian Open champion Sofia Kenin, Andy Murray and Dominic Thiem among those scheduled to take the court. Williams faces Margarita Gasparyan, who is ranked No. 117. In a wonderful display of “act like you’ve been there” vibes, Berrettini simply turned around and strutted away. No wild celebration. There was still a match to win, and soon enough it was over, with the sixth-seeded Italian beating Ugo Humbert 6-4, 6-4, 7-6 (6).___4:55 p.m.Vasek Pospisil beat fellow Canadian Milos Raonic 6-7 (1), 6-3, 7-6 (4), 6-3 to advance to the third round of the U.S. Open. Pospisil has been strong since returning from surgery last year on a herniated disk and helped Canada reach the 2019 Davis Cup final. He was strong over the last three sets to hold off the 25th-seeded Raonic.It’s been a strong start at Flushing Meadows for the Canadians. Montreal’s Felix Auger-Aliassime and Denis Shapovalov of Toronto also won their men’s opening matches to send four men into the second round for the first time since 1959.Pospisil is into the third round of the U.S. Open for the first time in his career. Raonic has never advanced past the third round of this tournament. He seemed poised for better things after reaching the final of the Western & Southern Open.Pospisil next plays No. 8 Roberto Bautista Agut. Pospisil and No. 1-ranked Novak Djokovic would be the co-presidents of a new group they are trying to set up to represent men’s professional tennis players.___ Reigning Australian Open champion Sofia Kenin has won her second-round match at the U.S. Open against unseeded Leylah Fernandez 6-4, 6-3.Seeded No. 2, Kenin had more winners than unforced errors and never faced a break point. The American has lost in the third round at the Open each of the past three years, and will try to snap that streak Saturday.___Amanda Anisimova has won a matchup of American teenagers, rallying past wild card Katrina Scott 4-6, 6-4, 6-1 in the second round of the U.S. Open. The 19-year-old Anisimova, a surprise semifinalist at the French Open last year, steadied her game in the second set and pulled away. The 16-year-old Scott is ranked 637th and was coming off her first tour-level victory in the opening round Tuesday when she made her debut in the main draw of a Grand Slam. Daniil Medvedev won the first set against Christopher O’Connell when the roof had to be closed in the second in Louis Armstrong Stadium. The start of Williams’ match against Margarita Gasparya was briefly delayed while the roof was shut at Arthur Ashe Stadium. 6:15 p.m.Sloane Stephens continued her path toward a second U.S. Open championship with a dominant 6-2, 6-2 win over Olga Govortsova.Stephens wore a “No Justice/No Peace” mask for her post-match interview.The 26th-seeded Stephens won at Flushing Meadows in 2017. She won two straight matches after entering the tournament with a 1-7 record in 2020 and she had lost in the first round in last year’s U.S. Open. The Latest: Rain forces closed roof for Williams, Medvedev Anisimova, who is seeded 22nd, won the girls’ singles at the Open in 2017.___12:55 p.m.Tsvetana Pironkova has pulled off an upset to reach the third round at the U.S. Open, her first tournament after a three-year break to focus on motherhood.Pironkova, who has no ranking because of her layoff, beat No. 10-seeded Garbiñe Muguruza 7-5, 6-3. September 3, 2020 She could face Serena Williams in the third round. Williams plays later in the night against Russian Margarita Gasparyan.___5:30 p.m.Matteo Berrettini produced a memorable shot at the U.S. Open — and a reminder that the rules of tennis don’t say the ball must go over the net. Around the net is just fine, too.At 5-all in the third set of his third-round victory, the 2019 semifinalist sprinted to his right, far wide of the doubles alley, to get to a ball that seemed completely out of reach and somehow laced a forehand that went between the net post and the chair umpire, curling in for a winner.
Gianni Infantini has been elected as the man to replace Sepp Blatter as Fifa president, winning an overall majority in the second round of voting.The Swiss-Italian edged ahead of favourite Sheikh Salman bin Ibrahim al-Khalifa in the first ballot but failed to secure the two-thirds of the vote required to secure victory.Infantino picked up 115 votes, needing just 104, to replace Sepp Blatter at the world football governing body. The voting in full:Gianni Infantino – 115 votesSheikh Salman – 88 votesPrince Ali al-Hussein – 4Jerome Champagne – 0FIFA election goes to second round Gianni Infantino caused a surprise by polling the most votes in round one of voting in Friday’s election to succeed Sepp Blatter as Fifa president. The Uefa secretary general failed to get enough to seal outright victory, claiming 88 of the 207 votes available at an extraordinary congress in Zurich.Pre-vote favourite Sheikh Salman bin Ebrahim al-Khalifa won 85.Prince Ali bin al-Hussein was next with 27, followed by Jerome Champagne on seven. Tokyo Sexwale withdrew earlier.It is the first time voting for the presidential election had reached a second round since 1974, when Joao Havelange of Brazil became the first non-European president ahead of England’s Sir Stanley Rous.Blatter, who led world football’s governing body since 1998, stood down last year and was later banned from football for six years. Analysis”Infantino’s camp has consistently maintained an air of optimism throughout the final days of this election campaign,” said BBC Radio 5 live’s sports news correspondent Richard Conway.”They were not surprised at how well he performed in round one.”What was surprising according to those close to Shaikh Salman is that pledges of support from Asia and Africa failed to materialise for the Bahraini.”What happens now?To become president after the first round of voting, a candidate needed to secure two-thirds of the available votes, which equated to 138.In round two, a simple majority is required, which means Infantino needs another 16 votes to become Fifa’s ninth president. “This election is being fought on the floor of the congress hall right now, with supporters of both Shaikh Salman, Gianni Infantino and Prince Ali talking to voterw,” added Conway. “We could be in for a long night.”What else has happened?Before voting began, reforms were passed to help make Fifa a more transparent and accountable organisation.All salaries will be disclosed, while a limit of four years has been placed on a president’s term.A new council to replace the current executive committee has also been introduced, featuring a female representative from each confederation.Greg Dyke, who will cast a vote as chairman of the English Football Association, says the reforms are “more important” than the new leader as it will provide an “opportunity for Fifa to start again”. How does voting work?There are 209 Fifa nations but Kuwait and Indonesia are currently barred from taking part, meaning there are 207 eligible voters.To become president after the first round of voting, a candidate must secure two-thirds of the available votes. If no candidate achieves that mark, a simple majority is required in the second round.If there is still no winner, a third round will take place, minus the candidate with the fewest votes in round two.Fifa says a winner must be declared on Friday because an ice hockey rink is due to be installed at the Hallenstadion venue at midnight. * Kuwait and Indonesia are currently barred from taking part in the electionHow significant is Friday’s election?Given everything that has happened to Fifa, this is seen as a pivotal moment for an organisation which has been heavily criticised for its lack of transparency and for failing to clamp down on corruption within it.A new leader, together with a raft of reform measures, is seen as a chance to start afresh.Acting president Issa Hayatou said Friday can “signal a new dawn”, adding: “This is our opportunity to show we are united in building a stronger Fifa.”How bad has it got for Fifa?There have been widespread allegations of corruption, the arrest of leading officials, the banning of its president and the sight of big-name sponsors deserting the organisation. Numerous Fifa officials have been indicted in the United States, while Swiss authorities are also investigating the organisation.Blatter has also been banned from all football activity for six years after being found guilty of breaching Fifa’s ethics rules over a $2m (£1.3m) “disloyal payment” to the head of European football’s governing body Uefa, Michel Platini, who had been favourite to succeed the Swiss.Former France captain Platini was also suspended. Both men deny any wrongdoing and are appealing to the Court of Arbitration for Sport.Furthermore, Jerome Valcke, Fifa’s secretary general and formerly Blatter’s right-hand man, was banned for 12 years following allegations – which he denies – of misconduct while in office.How important is the president?Fifa’s leader is the figurehead for world football, often seen in public alongside presidents, prime ministers and royalty.There have been eight of them so far, presiding over the organisation’s executive committee, which is where the real decision-making power lies.Fifa organises World Cups and other international tournaments, distributes broadcasting rights and should both protect and develop the world’s most popular sport.The president also “legally represents” the organisation, “maintains relations between Fifa and the confederations, members, political bodies and international organisations”, and “implements the decisions passed by the congress and the executive committee”.What do they say?Prince Ali: “I’m a candidate beholden to no one. I wouldn’t apply political pressure or coercion. I’m the only candidate from a national association.”Infantino: “I’m not a politician, I’m football person and I’m a worker. If we stop doing politics and start doing football, the world will admire us.”Sheikh Salman: “My past and my track record speaks for itself. We want someone who is responsible and can deliver the promises he says.”Champagne: “I want a Fifa that serves football, that serves you. The Fifa I dream of is one which correct the inequalities.”What do they stand for?Prince Ali wants to quadruple the amount Fifa’s member associations receive – believing it will increase their sustainability – but wants the money properly accounted for.Infantino would expand the World Cup to 40 teams to ensure more smaller nations can participate. He also wants to hugely expand Fifa’s development plan by investing £860m of its revenues and giving £3.6m to each member association.Sheikh Salman’s big idea is to split Fifa in two with a business side handling commercial issues and the football side organising World Cups and developing the game. He believes this would stop executives making self-interested decisions.Champagne’s most recent manifesto emphasised “rebalancing” the inequality in football and “reconciling” the game’s “protagonists”. He wants to introduce technology to help referees and appoint women to key Fifa roles. He also wants Fifa to be run like a public sector organisation.