A spaceman comes travelling to Limerick

first_imgTwitter Cllr Kevin Sheahan, Cathaoirleach of Limerick City and County welcomes space travel icon to Limerick, former NASA astronaut Alfred ‘Al’ Worden.Picture: Keith WisemanONE of only 24 astronauts to fly to the Moon visited the offices of Limerick City and County Council this week during his two-day trip to the Mid West.Former astronaut Alfred ‘Al’ Worden was welcomed to Merchants Quay by Cathaoirleach Cllr Kevin Sheahan. Mr Worden’s visit to Limerick also saw him host a lecture at LIT and attend a dinner in The Pavilion Restaurant at the University of Limerick.Sign up for the weekly Limerick Post newsletter Sign Up Worden is one of five men and the only one still living who flew further from Earth than any others when their Apollo 15 command module travelled to the far side of the Moon in 1971. The Michigan native, now 82, was the Command Module pilot for the lunar mission, which also saw him perform the first deep-space EVA during Apollo 15’s homeward journey.In 2011, Worden’s memoir ‘Falling To Earth’ made the LA Times Bestseller list.Welcoming Mr Worden to Limerick, Cllr Sheahan said: “Al’s story is unique and his memories of his pioneering Apollo 15 mission remain as clear today as they did some 43 years ago. His visit to LIT and UL will no doubt inspire science students and those looking to fulfil their career goals, no matter how lofty they may be.”Cllr Sheahan also acknowledged Paul Ryan, a Ballybricken native and space enthusiast who invited Mr. Worden to visit Limerick. WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick Ladies National Football League opener to be streamed live RELATED ARTICLESMORE FROM AUTHOR NewsLocal NewsA spaceman comes travelling to LimerickBy Alan Jacques – September 19, 2014 817 WhatsApp Email Linkedin Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories center_img Previous articleRobin Williams’ tribute film Mrs Doubtfire supporting ADAPT servicesNext articleCompany undertakes to remove waste within 3 weeks. Alan Jacqueshttp://www.limerickpost.ie Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Advertisement Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Print TAGSAl WordenCllr Kevin SheahanlimerickLimerick City and County Council Facebook Limerick’s National Camogie League double header to be streamed live last_img read more

UK local authority pension funds commit to social impact investments

first_imgFive of the largest UK local authority funds have committed £152m (€190m) to social impact investing after a year-long manager search.The pension funds, which jointly have around £30bn in investible assets, joined forces in 2013 as a means to invest for both financial returns and positive economic impact.The funds said the seed investments showed that social impact investing and financing local initiatives could align with a pension fund’s fiduciary duty.Through the Local Authority Pension Fund Forum (LAPFF), the schemes founded their initiative from a white paper that identified challenges and opportunities in impact investing. After 28 asset managers responded to a request for submissions, the funds have now allocated funds accordingly.Greater Manchester Pension Fund committed one-third of the total allocation, half of which was placed in a property fund.The other pension funds – West Midlands, East Riding, West Yorkshire, Merseyside and South Yorkshire – also committed to the property fund but in varying amounts.All the investors, bar East Riding and West Midlands, also committed to an industrial lending fund.Other areas of social impact investing include social impact bonds and social sector investments.The funds’ joint group, Investing 4 Growth, said impact investing brought new risks that needed to be overcome, such as a lack of track record, liquidity, presence of other investors and inexperience.Issues were also raised regarding a conflict between the pension funds’ investments, and the activities of their sponsoring local councils.Councillor Kieran Quinn, who chairs Investors 4 Growth, said that while the process of setting up the investment group had been challenging, movement forward should demonstrate that fiduciary responsibility can be aligned with delivering positive outcomes for communities.“Impact investing for pension funds is a new area of activity, and I hope that, having established the investment potential, other funds will join us in seeking further opportunities,” he said. He said that, even though the investments represented unfamiliar territory, and new asset managers brought their own risks, those risks could be mitigated to meet a fund’s expectations.“As we gain experience and see successful opportunities mature, I am confident these factors can be effectively managed,” he said.last_img read more