Round up from the courts

first_imgNewsLocal NewsRound up from the courtsBy admin – September 13, 2010 568 ‘Jumped over counter of refugee centre’ A RWANDAN national who jumped the counter of a city centre refugee hostel and attacked the woman sitting behind her desk, was convicted of the assault charge at Limerick District Court. 34-year-old Desirie Musoni, with an address at New Road, Killarney, was answering the charges dating back to November 21 last year where it was alleged he “jumped the counter of the refugee hostel located at Pier One on Sarsfield St and pinned the woman to the floor.”Sign up for the weekly Limerick Post newsletter Sign Up The complainant told gardai that she had bruising on her arms and was in fear during the “attack”. Sarah Ryan, said that her client was a Rwandan national and that “certain comments were made” and that he reacted. The circumstances of the accused were laid out to the court, including a medical issue he was dealing with. Judge O’Donnell gave credit for the early plea and the circumstances as outlined to the court and convicted and sentenced him to three months in prison, suspended for a period of 12 months and placed him on his own bond of €100. Fined for fraud insurance discA MAN who bought a fake insurance disc for €800 and was subsequently caught driving illegally by gardai, was found guilty at Limerick District Court. Martin Oss, aged 28, of 51 Kilteragh, Dooradoyle, was questioned by Garda Mick Bolton at Castletroy Road on January 31 last, for failing to wear a seat belt. The accused “took off at speed” according to gardai, but was later detained and arrested. Mr Oss was found to be in possession of a fraudulent disc that he admitted to purchasing from a third party for €800. Garda Bolton added that the accused did not have any previous convictions and was fully co-operative. Chris Lynch, solicitor, told the court that his client had an erratic work history and found the going tough but that he had now secured work with a car valeting company. He is the father of one and admitted that “he foolishly took the opportunity”. Judge O’Donnell gave credit to the accused and fined him €400 and ordered that it be paid in six months. ‘Unsavoury incident’ led to €250 fineA MAN threatened with pepper spray by gardai after he resisted arrest, tendered his apologies at Limerick District Court, but was fined €250 for what was described as an “unsavoury incident”.30-year-old Gary Purcell, of 1 Lisheen Park, Patrickswell, was answering the charges which dated back to July 30 of this year. The accused was said to have been in the area of Denmark Street and shouted “f**k **f you d******ds” at a mobile patrol unit. Gardai stopped and spoke to Mr Purcell who was said to have been intoxicated. He later became abusive to gardai and during the course of his arrest, struggled with gardai and resisted. Such was the force of his resistance, the court heard that Purcell attempted to get out of his handcuffs. The accused was then warned that pepper spray would be used if he continued to struggle. Judge O’Donnell heard that the accused had three previous convictions for road traffic offences. Chris Lynch, solicitor, said that his client did not have a clear recollection of the events but that he apologised for the “unsavoury incident”. Judge O’Donnell fined Purcell €250. Advertisement Email Linkedin Facebook WhatsApp Twitter Print Previous articleThornton to host workshop for regionNext articleDiscover Limerick Website Is Launched adminlast_img read more

Lee W. Griscom

first_imgLee W. Griscom, 80, passed away at home in Ocean City, NJ on January 16, 2021. Born in Camden on March 4, 1940, Lee was raised in Pitman from age 4 and graduated from Pitman High School in 1958. After high school Lee enlisted in the Merchant Marines and shortly thereafter re-enlisted in the US Army where he was stationed in Baumholder, Germany. He served during the Cuban Missile Crisis, and was honorably discharged in 1963.  After serving in the military he worked for the Owens-Illinois Glass Company and Penn Mutual Life Insurance Company.Lee is the 8th great-nephew of Elizabeth Griscom-Ross, known as Betsy, who is long considered to be the original crafter of our nation’s first flag in 1776.  As such he was always intrigued by history and family genealogy.  Lee used the GI Bill to earn a Bachelor’s Degree in American History, graduating from Glassboro State College in 1974. He accomplished this by working nights full-time as the bar manager of the Franklin House in Glassboro while supporting a wife and three young children. He then worked as the sales and park manager at Hillcrest Memorial Park in Washington Twp. for 20 years and in 1982 co-founded Tri-County Memorials in Glassboro with his then wife, Jeanne.Lee retired to Ocean City in 1998 where he rented his home in the historic district to summer guests; he also kept busy working part-time as a security guard at Shore Memorial Hospital.  As an avid historian, Lee found true enjoyment as a local tour guide with Ocean City Ghost Tours; he led 90 minute walking tours from late summer through Halloween for fifteen years until 2019.  Lee enjoyed exercising at the gym, collecting antiques, exploring historical texts and records at the Salem and Gloucester County Historical Societies, reading at the Ocean City Library, relaxing at Ocean City beaches and surf fishing on Whale Beach in Strathmere. Most of all Lee enjoyed teaching his children and grandchildren about history and his family’s genealogy.Lee is survived by: brother George (Arlene) of Mount Laurel, cousins Jean (Fred) Brooks of Fredericksburg, VA and Michael (Barbara) MacDonald of Clearwater, FL, ex-wife Jeanne (nee DeGenova) of Williamstown, daughter Margaret of Greensboro, NC, sons David (Michelle) of Williamstown and Lee (Laurie) of Hammonton, and grandchildren Brennen, Brianna, Bethany, Cole and Luke. Private services will be held at Arlington Park Cemetery in Pennsauken.  Memories can be shared at  Contributions in memory of Lee may be made to any of the following organizations:Gloucester County Historical Society Library: 17 Hunter Street, Woodbury, NJ 08096Salem County Historical Society: 83 Market Street, Salem, NJ 08079Ocean City Fire Department: 550 Asbury Ave. Ocean City, NJ 08226VFW Post 6650: 1501 Bay Ave. Ocean City, NJ 08226last_img read more

Church of England eyes private equity after 2.6% loss in 2018

first_imgPoor performance across all markets during 2018, particularly the last quarter, meant the £2.4bn (€2.6bn) Church of England Pensions Board (CEPB) slumped to a 2.6% investment loss for the year.The loss was published in the board’s annual report this morning, and compared with a 9.4% gain in 2017.CEPB’s public equities allocation lost 6.9%, and the board – which runs assets on behalf of four church pension schemes – cut its exposure to 65% of its £2bn return-seeking portfolio. The long-term target allocation is 35%. Within its public equity allocation, the CEPB has also continued to reduce its allocation to UK equities, now 6% of the return-seeking pool. The fund is split between the return-seeking pool, a £70m liability-matching pool consisting entirely of high-quality corporate bonds, and £340m of UK government bonds.Over 2018, the return-seeking pool declined by 2.2%. This brought its five-year annualised return to 7.6%, and 7.9% a year for the 15 years to 31 December 2018.Meanwhile, the board’s liability-matching pool lost 1.6% for 2018, compared with a 4.3% gain in 2017. Pierre Jameson, CEPB’s chief investment officer, told IPE: “We are reducing UK equities in order to take advantage of the bigger opportunity set in global equities. The FTSE 100 and All Share [indices] are skewed towards commodities, mining and financials, with little exposure to, say, tech companies.”He added that the decision had been vindicated by the outperformance of the MSCI World index versus the FTSE 100 over the past two years. Over the course of 2018, the MSCI World lost 3% compared with the FTSE 100’s 8.7% fall, while over three years to 29 July 2019 the global benchmark rose by 47.8%, outstripping the FTSE 100’s 29.3% gain.Church eyes private equity and venture capitalThe CEPB’s strongest performing asset classes during 2018 were emerging market sovereign bonds and private debt, which combined made up 8.5% of the return-seeking portfolio. During the year the allocation returned 11.5%.Property – 11.2% of the portfolio – returned 10.7%, while infrastructure equity (10.1% of the portfolio) returned 7.5%. The latter asset has returned 8.9% a year over the past five years, CEPB reported.Earlier this year, the fund hired Cambridge Associates to increase its private equity allocation over the long term, aiming to reach 7% of the portfolio.Jameson said the aim was to benefit from the illiquidity premium while also gaining exposure to assets that could not otherwise be accessed. The allocation would be global and would include an allocation to venture capital, he added.The CEPB has also appointed HIG Whitehorse to run a second US private debt portfolio alongside existing manager Audax. The investment was first made three years ago and has since returned 7% a year. The long-term allocation will be doubled to 8% of the portfolio. The fund also planned to change the way it calculated liabilities, and Jameson said the new private debt allocation “suits the way we will calculate liabilities, which will relate more to the yield of the portfolio”.The CEPB follows an ethical investment policy and is advised by the church’s Ethical Investment Advisory Group. Jameson said that this ethical policy had added 1.3% to the return over 2018.last_img read more