A far famed investment fund with a charging structure functioning under the ‘no win no fee’ principle was shut down as it fails to win over savers. Established in the first quarter of 2011 by Nigel Legge, a proficient and respectable stock picker, The Vinculum Global Equity faces its last days. An affair started by Legge collided with a major finance issue – the former Liontrust headman, the fund has managed to raise as little as 2.5m in euro. Therefore, an economically non-viable enterprise was subjected to a radical measure – shut down.
Three years ago, just when the fund was called into existence, financial experts spoke positively of the fee structure standing in fund service. Thus, Vinculum charged just 0.25pc annually, while a typical cost equaled 1pc per year for fund investments run by professional.
Additionally, Vinculum charged investors an extra of 20pc in case outperformance over stock is registered in comparison with the benchmark in the face of FTSE World Index. Legge explained the fees from a rational customer service point of view, saying that such action is way more reasonable rather than charging for underperformance. A savvy stock picker labeled the policy as a fund management evolution. Unfortunately, the evolution experienced a collapse as the fund contacts its investors, notifying of its closure.
The administrator of Vinculum, Peter Smith, in his letter to investors says that the fund is no longer economically viable, and the intention to shut down the fund is the only reasonable option available at the moment. Thus, February 10 was the day the fund stopped its functioning. It seems that Legge accepted the situation and make the decisive step to avoid possible financial accident claims. The state of affairs was previously studied in details at Solicitors Guru – one of the largest UK legal platforms.
Distillery industry requires particularly close attention to the quality of the components for spirituous beverages production, as well as the quality of glass containers in which they are bottled. The use of modern ultrasound technology allows achieving excellent results in containers cleaning that exceed any quality standards. Therefore, distillery companies can derive juicy benefits from using ultrasound equipment adjusted to particular demands.
Bottle washing machines allow solving one of the most crucial problems in distillery industry – inner surface of glass containers leaching under the influence of alcohol-containing product. This effect occurs because of poor quality glass surface, damaged by incorrect storage of container. Ultrasonic treatment of glass containers in a weak solution of hydrochloric acid at room temperature contributes to a full recovery of the glass surface, if the initial ratio of water resistance does not exceed 0.6 ml of 0.01 N HCl. The quality of the recovered surfaces is confirmed by storing alcoholic solutions for long periods of time under different climatic conditions.
Bottle washing machines – extra advantages
Bottle washing machines are also used for refillable containers cleaning. To remove the salt deposits in the bottle washing machines use acidic solutions, while removing a range of other contaminants implies using alkaline. Implanting ultrasonic cleaning in distillery manufactures contributes to a 100% increase in reusable packaging cleaning and a significant productivity growth.
Ultrasonic Cleaners can significantly intensify the process of extraction, resulting in rapid obtaining of high-quality extracts for the production of alcoholic beverages. An ultrasound effect on the extraction is achieved due to improved hydrodynamic conditions of the process and an increased temperature of the mixture. Another process optimization method lies in ultrasonic modules integration in existing equipment (percolators, extractors and tanks for infusion).
The process of ultrasonic cleaning is also used pharmaceutical, food and fertilizers production industries. Ultrasonic effect helps to retrieve various aqueous, alcoholic, oily solutions, crystalline substances, and thick dry extracts, syrups, pigments, aromatic solutions, disinfectants and etc.
Hilsonic is a shining example of an innovative company that focuses on providing ultrasonic cleaner of quality second to none. Drop in at hilsonic.co.uk to get acquainted with the price-list.
Day after day more and more online casinos enter the gambling battlefield, boasting more neoteric graphics and miraculous winnings, promising an unforgettable adventure. But what stands behind the success of online gambling hubs?
Availability & wide selection
Thanks to the rapid development of web technologies, most of our compatriots can access virtually any casino in the world in a single click. In order to play slot machines, many had to travel long distances; moreover, not every house it is will necessarily offer a large selection of slot machines. Fortunately for many, a decent online casino provides a huge selection of games of chance: from the old good slots to the way-out live roulette. In fact, the rigid competition (there are about 13,4 ml. results on the exact keyword ‘online casino’ in US) induces casino owners gather as many game types as possible to retain the audience.
In concordance with the research provided by DGFEV Online Casino, a German gambling review hub, nearly 80% of individuals under the age of 21 has tasted the experience of gambling at least once. Continue reading
Leeds is a prosperous city in the Northern England, West Yorkshire County. Standing on rivers Eyre and Wharf, the city is just 310 km away from the capital. Boasting eco-friendly environment (Yorkshire County is 65% covered with forests), Leeds occupies as little as 400 square kilometers territory and offers dozens of soigne parks and green recreation areas.
The climate in the part of the country where Leeds is located is mostly moderate, characterized by warm winters and cool summers. The city owes such favorable climate to Pennine Chain that protects the fifth city of England in terms of population from excessive humidity thoroughly, enabling the inhabitants to enjoy way dryer air in comparison with other regions. The temperature range typically varies from +3 in January and +15 in August, while the majority of sunny days falls on the period between May and September. Summer period in Leeds is considered to be the driest in Europe. Continue reading
Help yourself with a brief manual on essay writing with all the structural parts pointed out. The document is gladly shared by livepaperhelp.com – a seasoned agency that provides custom writing services.
The essay starts from introduction, where the nature and rationale for the selection of the topic is described; the part consists of a number of components associated logically and stylistically. At this stage it is important to formulate a question to which you are going to find the answer.
When working on the introduction answer the following questions: ‘Do I have to give definitions of terms relating to calls made in an essay?’, ‘Why is a topic that I cover is important at the moment?’, ‘What concepts will be involved in my reasoning on theme?’, ‘Can I split a topic into smaller sub-topics?’ For example, when working on the theme of ‘European Post World War Economy’ as a subtopic one can formulate the following question: ‘What are the signs typical of the period for the economy?’ Continue reading
A solid scrap metal dealer is highly likely to buy virtually any kind of scrap metal; however, if you are looking to plunge into the business, undergoing a basic training is obligatory. Let’s start from the very beginning – the definition.
The large class of scrap metals is typically represented by a variety of obsolete metal products, collected for further processing. Scrap metals are subjected to melting procedure, and once this sub-mission is accomplished, the materials enter the manufacturing line iteratively. Generally, scrap metal is characterized by the types of metal it consists of: the predominant material in the overall composition of the scrap plays the decisive role. Furthermore, scrap metal is divided into particular categories in accordance with physical characteristics and chemical composition, the content of carbon or the amount of alloying elements.
Therefore, there are several categories to steel and iron scrap metals (stainless steel, cast iron, etc.), non-ferrous metals (copper scrap and alloys, such as brass, bronze, red brass), aluminum and its alloys, titanium and titanium alloys (ship and aircraft wastes), magnesium scrap (waste aircrafts), lead (batteries, cables); semiconductor scrap (provided by electronics industry); rare scrap metals (alloys provided by high-tech industries).
Precious scrap metal category is comprised of gold, silver and platinum metals. Jewelry, catalysts, batteries, crucibles and chemical apparatus constitute the greater part of precious scrap metals class. Since metal ore is identified as irreplaceable mineral, the idea of recycling and further processing despite of certain financial costs and the need for additional production facilities, is absolutely crucial for both the environment and the economy as a whole.
The nomenclature of test rigs is extensive enough, and, therefore, the equipment line-up is pretty diverse. Virtually all the manufactured products pass a particular control, characterised by various complexity and applied in serial and mass production. More importance is attached to test rigs in individual, pilot and small-scale production and (air tooling in particular).
A normal test cycle can be divided into three stages. The first stage, test preparation, implies defining of the objectives; selecting or designing the required test equipment and its manufacture; measuring equipment selection; products preparation (locations designed to accommodate the equipment revision); preparing technical documentation. The second stage is about actual test, and the third one is processing experimental data and the test results formulation. Continue reading
The symptoms of allergic conditions may be different depending on the type of ailment. Thus, when treating allergies with allopathic methods (that mainly imply using conventional pharmaceutical medications), the attention is primarily directed at the presenting symptoms: dermatitis (eczema, itching, redness, etc.), allergic rhinitis (runny nose, sneezing, watery eyes) and etc.
Alternative therapies, mainly deprived of undesired side effects, provide a brilliant opportunity of using drugs for each symptom or treating the body as a whole (more typical of homeopathic approaches).
Thus, Cardiospermum plant, according to UK Natural Health Hub is considered to be one of the most powerful natural remedies for hayfever, which is used in homeopathy for diseases of the skin, reducing itching and dealing with eczema effectively. Being a natural preparation, the remedy has no side effects. Continue reading
The process of bitcoin mining is inevitably accompanied by complex calculations on computers within a single network. The main burden lies on the so-called ‘pools for mining’, where participants extract coins and divide the plunder among those who participated in the affair. However, if any of these pools will grow to 51% of the computing capacity of the network, it will be able to capture the main chain units and turn the main chain into the private one.
It’s only been a few years since the advent of digital cryptocurrency – and it may seem that the threat begins to be implemented. Over the past four days, the largest mining pool GHash.IO controlled 36% of network computing resources, which is close to the critical values (the fact should be underlined that their share exceeded 40% in January).
In connection with the situation, GHash.IO representatives issued a press release with a promise not to carry out a 51% attack. Being extremely polite and correct, the authorities pointed out that such attack will cause damage to the entire Bitcoin infrastructure and call into question the reliability of the digital currency as a universal payment method.
GHash.IO managed to become the largest pool thanks to zero fees when calculating the remuneration, round the clock technical support, nice visualization, real-time statistics, as well as the combined production of alternative cryptocurrencies – a side income that doesn’t affect the performance of Bitcoin mining. Currently, 45% of the computing power in the pool is represented by BitFury ASIC farms, and 55% by independent miners.
After GHash.IO share exceeded 40%, the administration has taken a number of measures to reduce the computing power.
The result of the effort was the temporary registration suspension of new members of the pool. The management of the establishment initiated the development to grant CEX.IO participants an opportunity to cooperate with other pools. Thus, if customers purchase computing power from CEX.IO, they will be able to work under another guise. The measures taken have already given effect: in the past two days GHash.IO share fell to 34 %, and in the last 24 hours – up to 30 %.
Ahhh, Moleskines. When it comes to creatively-minded people, they are viewed right up there with Apple Macs and Starbucks. I’ve been using my own Moleskine notebook (thoughtfully bought for me by my wife to shut me up) for the last couple of months to doodle down thoughts and catch all my random ideas. What makes it so great is that it feels so sturdy and solid, and that makes it ideal for hacking and tweaking (try adding tabs or a pen holder to a normal notepad and it will probably fall apart). In short, it’s a quality tool for freelancers, entrepreneurs and productivity fans who like the lo-fi approach.