To Dr. Michael Lozman, Holocaust memorial developer: My family and I have lived on Pearse Road for over 60 years. People bought homes here because it was green, quiet, and in every sense residential. We depended on our town board to maintain that atmosphere. But things began to change quickly in the ‘60s. The forests disappeared. The little brook that gave Brookshire Drive its name vanished, a casualty of the 13 acres of “garden-style” apartment buildings at the end of our road, foisted upon us by some well-connected developer and an admiring town board, despite spirited opposition by the families who lived here then. How’s that for altering the character of a neighborhood?So now, apparently, we shall have a Holocaust memorial, despite opposition by those of us who live here. Why not place your memorial on your road? You could enjoy it every day. Or, if your heart is set on Niskayuna, how about building it in one of the many unoccupied commercial zones here, such as that monstrous former Wal-Mart at Mohawk Commons? Too big? There’s a cozy little former restaurant nearby, The Tilted Kilt, equally vacant, that might meet your needs. Plenty of parking for a railroad car, too. I have very little hope that Niskayuna’s town fathers will place impediments before you. From my perspective, there has never been a paved-over green place they didn’t like. I’m fully aware of the atrocities that took place in Europe during the nightmare we now know as the Holocaust. Please know of my revulsion for the genocide and of my sorrow for the many innocent souls who were lost.Bruce RaymerNiskayunaMore from The Daily Gazette:EDITORIAL: Beware of voter intimidationPuccioni’s two goals help Niskayuna boys’ soccer top Shaker, remain perfectEDITORIAL: Urgent: Today is the last day to complete the censusNiskayuna girls’ cross country wins over BethlehemEDITORIAL: Thruway tax unfair to working motorists Categories: Letters to the Editor, Opinion
Sweden’s largest pension fund has provided the anchor investment for an impact fund co-investing in emerging markets loans.Alecta has committed $200m (€164m) to the fund, a spokeswoman for the occupational pension fund told IPE.The fund’s first close, at $250m, was announced today. This was $50m more than the minimum target, according to a statement from NN Investment Partners, which manages the closed-end fund.Three other investors, from the Netherlands and Sweden, had allocated to the fund alongside Alecta. IMAS Foundation, a sister foundation to the INGKA Foundation, which is the indirect owner of IKEA, was named as one of the original investors. Magnus Billing, Alecta CEOMagnus Billing, CEO of the SEK800bn (€77bn) Alecta, said: “To us, this is a good example of how we can fulfil our duty to create the highest value possible for the occupational pensions, as the fund meets both the required rate of return and creates measurable impact aligned with the 2030 Agenda for Sustainable Development Goals.”NN Investment Partners said a second close was expeected later this year “as the proposition is easily scalable to $750m due to FMO’s annual new loan commitments of more than $2bn per year”.FMO Investment Management was set up in 2012 to develop funds and other structures to provide investors with access to the development bank’s “sustainable” emerging market investments.FMO said it directly contributed to three of the 17 UN Sustainable Development Goals (SDGs) and indirectly delivered on additional goals. In the period up to 2025, it would focus on the goals “Decent Work and Economic Growth” (SDG8), “Reduced Inequalities” (SDG10), and “Climate Action” (SDG13).The development bank said these were areas “where we feel we can have the largest impact in the countries where we can make the biggest difference”.The NN-FMO emerging market loans fund will measure its investments’ impact using FMO’s impact measurement model, which the group developed in 2014. Alecta’s Billing has previously said that FMO’s impact model was a “strong feature”.IPE will be publishing an impact investing report in May The fund is a collaboration of NN Investment Partners and FMO Investment Management, the investment arm of FMO, the Dutch development bank. The loans bought by the fund are issued by FMO. The fund enables investors to invest alongside FMO in loans to financial institutions, renewable energy projects and agribusiness companies in emerging and frontier markets.FMO invests with the dual objective of achieving an attractive financial return and “meaningful” development impact, which it primarily measures in terms of jobs supported and avoided greenhouse gas emissions.