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Articles by Stephen Bruce
[2610.25010] Thoughts on Quantum Events, Quantizing Gravity and von Neumann Algebras
This short document presents no new results. It is a collection of related ideas that may lead to a way of quantizing gravity. To achieve this it may be relevant to use my recent new approach to quantum theory, which is based on quantum events.
[2606.15607] A New Definition of Quantum Superposition
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Report from the HarmoSter study: different LC-MS/MS androstenedione, DHEAS and testosterone methods compare well; however, unifying calibration is a double-edged sword
OBJECTIVES: Current liquid chromatography-tandem mass spectrometry (LC-MS/MS) applications for circulating androgen measurements are technically diverse. Previously, variable results have been reported for testosterone. Data are scarce for androstenedione and absent for dehydroepiandrosterone sulfate (DHEAS). We assessed the agreement of androstenedione, DHEAS and testosterone LC-MS/MS measurements among nine European centers and explored benefits of calibration system unification.
Alt-Pop Artists Palmaria Unveil New Single, 'Chameleon'
Palmaria are an Alt Pop duo from a small town in Italy, currently residing in London. Members Giulia and Francesco transport listeners on a journey of dreamy landscapes and uplifting experiences. Think The xx meet Sylvan Esso meet Little Dragon on a field trip to the Italian coast. Following the release of their EP Crystallize, the duo deliver "Chameleon", deputing a new side to their Alternative Pop sound.
Indie/Alt Duo Gallipoli Releases New EP,
Gallipoli is an indie/alternative duo based in Los Angeles. Consisting of Aman Sheriff and Lucas McCone, the duo bring their multicultural background to the forefront of their music, with their roots spreading across India, Turkey, New Zealand, Belgium and Dubai. As an homage to their family history, the duo are named after the famous WW1 'Battle of Gallipoli'. Their debut EP, On Vondo, was written during the 2020 lockdown, where the two lived in North Macedonia for six months.
Singer and Guitarist Adam Weinberg Releases New Single
Singer and fingerstyle guitarist Adam Weinberg -- who's most notably known on the live music circuit as Matisyahu's guitarist on his worldwide acoustic duo tours for over five years -- releases on Friday, April 29 a new single "Drifting Through" featured on his latest album, Laugh, Cry, Grief, Hope (Release Date: May 13, 2022). The album includes a 32-page companion book and album cover artwork (pictured above) designed by the late Mel Marcelo, a legendary San Diego digital illustrator.
Composer and Pianist Randy Klein Set to Release and New Tracks with Jazzheads Label
When pianist - composer Randy Klein began Jazzheads, an independent record label based in NYC, in 1992, he had two label models he aspired to, A&M Records and GRP Records - "Premiere labels started by musicians, Herb Alpert; Larry Rosen and Dave Grusin. What I observed about each is that they released popular songs adored by the masses but also released inventive ground-breaking music as well. You know, they pushed the form forward!" says Klein.
Trenton City Museum Presents MASTERING ALCHEMY: Works On Copper By Stephen Bruce
Metal patination artist and educator Stephen Bruce will have his first major exhibition at the Trenton City Museum at Ellarslie from May 7 to 29, 2022. He will give a Gallery Talk at the museum Saturday, May 21, at 2 p.m. The California artist uses different acidic solutions to etch sheets of copper or brass into earth-toned abstract paintings that conjure the power and serenity of water, earth, and sky. Bruce's seascapes are inspired by aerial views of the oceans.
Theatre Works Extends Season For Ally Morgan's One-Woman Cabaret NOT TODAY
Theatre Works and Rogue Projects have announced that Ally Morgan's critically-acclaimed cabaret Not Today, directed by Melbourne's Miranda Middleton, will play an additional six performances, in a fantastic sign that the local cabaret and musical scene is recovering from a tough Summer. The extension means the production now features in both the Melbourne International Comedy Festival, and the TW2022 Main Stage Season.
When are employers obligated to pay for trainin...
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Fresh hope in 2021: Finding value in a post-pandemic recovery
We have seen great successes with the COVID-19 vaccine, with three potential vaccines to come to market, a Biden presidency has renewed hope in the US as a global leader, and, closer to home, Australia’s economy and communities are re-emerging from the longest lockdown in our history.
We’re Looking for Writers for HR Daily Advisor!
Are you interested in becoming an HR Blogger for a website with an engaged HR audience and community? Would you like to share your HR expertise with more than 240,000 readers? Do you want to have your name out there? We’re looking for guest posts from you! The editorial team of HRDailyAdvisor.com is now reviewing submissions and selecting articles for publication. We will personally notify you if your article is selected.
Coronavirus uncertainty high. What is certain is that it will pass
The current level of uncertainty regarding the impact of the Coronavirus outbreak is very high. However, what is certain, is that it will pass. Further, before this issue arose, the global economic outlook was increasingly positive, with easing trade tensions and ongoing low interest rates seeing activity picking up in most regions. It is also important to note that this sell off is due to an external issue, rather than being due to some fundamental economic or market imbalance.
Why growth assets are important for income generation in retirement
While “official” inflation measures are low, we all see the cost of things we need, like healthcare and power, rising at a rapid rate. So what should investors who are planning for a long retirement think about when investing with a focus on income generation? Typically, when thinking about portfolio construction and asset allocation, many investors have split their portfolios between income producing assets and capital growth generating assets.
BLOG: What Does it Take to Pitch a TV Show?
If you have an idea for a TV show and you're ready to pitch it, there are some elements that you need to have in place before you sit down. Even if your pitch is with an indie producer, you gotta know your stuff. What "stuff," you wonder? Stephanie Palmer, a former executive with MGM Pictures, offers a detailed overview of what each writer should have prepared before he or she has a conversation.
Special from #SHRM2018: the HR Challenges of Competitive Abundance, Differentiation Decay
We’re in an age of “competitive abundance,” says Rusty Lindquist, Vice President of Strategic HR Insights at BambooHR, exacerbated by “differentiation decay.” Lindquist offered his thoughts at SHRM’s Annual Conference and Exposition, held recently in Chicago.
Special from #SHRM2018: Sheryl Sandberg Says Men Still Rule the World
Men still rule the world, says Facebook COO Sheryl Sandberg—but I’m not sure it’s going that well. Sandberg, author of best-seller Lean In, delivered her thoughts at SHRM’s Annual Conference and Exposition in Chicago. Adam Grant interviewed her. There is systematic bias, Sandberg says. People say they support diversity because it is “the right thing to do,” but that’s not enough, Sandberg says. Do it because it’s the smart thing to do. Diverse companies perform better, she says.
Special from #SHRM2018: Culture Beats Skills and Stars … Until the IPO
You can hire for skills, or hire stars, for culture fit, or for a mixture of those, says best-selling author Adam Grant. Data show that with fast-growing start-ups, cultural fit trumps. However, as companies grow, culture becomes a problem. Grant, a professor at the Wharton School of Business, offered his tips at SHRM’s Annual Conference and Exposition in Chicago.
Special from #SHRM2018: 5 Tips to Prepare for the "Future of Work"
Special from #SHRM2018: 5 Tips to Prepare for the “Future of Work” In a packed session (16,000 attendees) at SHRM’s Annual Conference and Exposition, Board Chair Coretha Rushing outlined the five areas with which HR managers must cope to be ready for the workplace of 2022. An important read for every HR professional. 5 Things HR Must Do to Be Ready for 2022 Deal with Tougher People Issues.
Looking Ahead: How to Attract the Next Generation of Talent
At our recent event, RecruitCon 2018, Susan Vitale, Chief Marketing Officer at iCIMS Inc., offer a series of best practices for recruiters at a well attended session. BLR’s RecruitCon 2018 was held recently in Nashville. First off, says Vitale, let’s be clear that the candidate experience is important beyond the narrow activity of hiring.
Embrace Your Inner Whistleblower! (And Fight Retaliation Claims)
From one perspective, whistleblowing is an act of justice by a self-sacrificing hero, says Dr. Ken Broda‐Bahm; but from the other perspective, it’s the ultimate betrayal by a divisive malcontent. Once you understand that, Broda-Bahm adds, you can move your culture to a place where whistleblowers are much less of a threat. Broda-Bahm, Senior Litigation Consultant at Persuasion Strategies, offered his tips at BLR’s Advanced Employment Issues Symposium in Las Vegas.
Spaceship fined for false and misleading conduct
In a statement, ASIC said both Spaceship and Tidswell Financial Services (the trustee for Spaceship’s GrowthX portfolio) have paid a $12,600 penalty over misleading claims made on the funds’ website. ASIC said the ‘fundamental investment philosophy’ of Spaceship’s GrowthX fund “prioritised marketing over accurate disclosure”. "The Infringement Notices were issued following concerns that promotional statements prioritised marketing over accurate disclosure," the ASIC statement said.
FirstWrap launches new SMA portfolios
The three portfolios target different areas of the market, and according to a statement from Colonial First State Global Asset Management (CFSGAM) head of business development Australia and New Zealand Harry Moore, range from high conviction to low turnover passive options. The list of new portfolios includes the CFSGAM Top 20 Index Portfolio, the CFSGAM Concentrated Share Portfolio, and the CFSGAM Ex-20 Australian Share Portfolio.
Vanguard unfazed by BetaShares undercut
On Thursday, BetaShares announced the launch of a new Australian shares ETF with management costs of just 0.07 per cent, half that of the 0.14 per cent charged by the Vanguard fund that was previously the lowest cost product in this category globally. Reflecting on the announcement, Vanguard Australia head of corporate affairs Robin Bowerman told InvestorDaily his organisation can demonstrate a widespread commitment to its investment philosophy notwithstanding the activity of market competitors.
ASIC accepts enforceable undertaking from ANZ
An ASIC investigation has found that the major bank failed to “provide documented annual reviews to more than 10,000 'Prime Access' customers in the period from 2006 to 2013”, according to a statement. According to the statement, the enforceable undertaking requires ANZ to: Commenting on the enforceable undertaking, ASIC deputy chair Peter Kell said the regulator considered it “critically important” that systems and processes were improved to prevent the reoccurrence of breaches of trust.
Morgan Stanley urges fund managers to automate
In a statement on the Morgan Stanley website, European diversified financials equity analyst Anil Sharma noted the “mounting pressure on firms to cut their management fees”. “For many firms, the lion’s share of AUM growth came from market gains rather than new flows,” Mr Sharma wrote.
PE, VC funds can shelter portfolios: Crestone
In a statement, Crestone chief executive officer Michael Chisholm pointed to the emerging technology sector as a point of access to returns that were uncorrelated with traditional asset classes. “The challenge for investors is to find opportunities that tick the right boxes as investable assets, plus have the bonus of helping to solve some of the bigger problems in the world today,” he said.
Glaucus stands firm on Blue Sky attack
On Thursday, InvestorDaily reported that Glaucus issued a public communication taking Blue Sky to task for allegedly overestimating its funds under management and misreporting the performance of some of its investments. Blue Sky managing director Robert Shand categorically denied the allegations made by Glaucus, describing the American manager’s behaviour as “appalling” and the report as “materially misleading”.
BetaShares launches world's lowest cost Aussie ETF
At a ceremony in Sydney tonight celebrating BetaShares raising $5 billion funds under management, the company's founder and CEO Alex Vynokur said the new development would allow an Australian exchange-traded fund participant to be globally competitive. Mr Vynokur announced that BetaShares will launch a new product, the BetaShares Australia 200 ETF.
ASIC resistant to role as ‘competition champion’
In ASIC’s post-draft submission to the Productivity Commission’s Inquiry into competition in the Australian financial system, the corporate regulator said it “support[ed] the Productivity Commission’s recognition of the importance of ASIC having a broad, proactive competition mandate”. “An explicit and broad competition mandate for ASIC would ensure we have a clear basis to consider and promote competition in the financial system,” ASIC’s submission report said.
Growth funds see renewed demand
Data collected by Lonsec Connect, a recently launched research platform that draws on both market data and adviser engagement analytics, highlighted a growing interest in growth options among the advice community. “Financial advisers have refocused their recommendations and research on growth strategies following market volatility in February, with property, infrastructure and multi-asset strategies particularly in favour,” Lonsec said in a statement.
Institutional investors back early-stage VC
According to a statement on the Blackbird Ventures website, the venture capital investor received “a fresh $225 million of capital” in its latest round of fundraising. “Our third fund is led by Hostplus and our existing community of 100 individuals (mainly technology founders), along with First State Super,” said Blackbird co-founder Rick Baker.
NGS Super and QIEC Super announce merger
According to a joint statement, the alliance between non-government sector super fund NGS Super and Queensland-based super fund QIEC Super will create a $10.3 billion super fund with around 125,000 members. The merger, which will occur on 1 November 2018, will "ensure the future security and sustainability of benefits to the members of both funds and deliver improved economies of scale", the statement said.
Natixis brings ethical equity fund to Australia
Natixis has announced that its ethical investment subsidiary Mirova will make its Global Sustainable Equity Strategy available to Australian investors though a “locally domiciled unit trust vehicle”. The fund invests in global equities with a focus on eight “sustainable development themes” of consumption, energy, resources, buildings and cities, ICT, health, mobility and finance, the statement said.
US equities dip an ‘overreaction’: AMP Capital
US stock market indices fell by more than 2 per cent overnight on Tuesday, with the US S&P 500 dropping 2.23 per cent and Nasdaq falling 2.74 per cent. Speaking to InvestorDaily, AMP Capital senior economist Diana Mousina said the fall was attributable to a combination of geopolitical uncertainty as well as a correction in overvalued US tech stocks.
CBA mulls sale of offshore insurance arm
The bank has announced that it will undertake a “strategic review” of its Jakarta-based PT Commonwealth Life subsidiary, which contributes $24 million to the bank’s insurance business bottom line. In a statement on its website, CBA announced it has commenced a review and engaged external advisers to assess the prospects of a sale of the PTCL business, of which the bank is an 80 per cent equity holder.
Cbus names new chief operating officer
Joe Youssef, previously Cbus general manager of investment operations, has been selected for the role. In a statement, Cbus chief investment officer Kristian Fok said Mr Youssef’s “proven track record in investment operations” paired with his management abilities made him an ideal candidate for the position. “Joe has been an integral member of our investments team for more than four years and will play a key role in steering the fund for continued success in the years to come,” Mr Fok said.
The psychological pressures of competition
Superannuation and investment professionals report that they are just too busy, trying to do more with less and are increasingly stressed. Rising stress levels are in large part the result of increasing competition from new entrants (like Zuper, Grow, Spaceship, Human Super and others) as well as established organisations. Down the track, global monoliths like Amazon or eBay could expand into superannuation, combined with new technology such as AI and robo advice.
Three technologies revolutionising fund admin
There’s no way around it; the fund administration space is ready for a major shake-up. Whether it’s banks, hedge funds or venture capital organisations, fund and asset managers have traditionally been burdened with manual, antiquated, labour and time intensive processes that result in massive inefficiencies. Thankfully for fund administrators, new technologies are emerging that promise to make things quicker, easier and more cost-efficient for financial institutions of all shapes and sizes.
China hits the ‘growth brakes’: Nikko AM
In a note to investors communicating insights from a conference trip to Beijing, Nikko Asset Management chief strategist Naoki Kamiyama said that while China looked “set for lower economic growth this year”, it would be for the sake of “creating a cleaner, more efficient economy”. “The consensus among many government officials and private sector economists at the conference was that China will experience a somewhat lower growth rate in 2018,” Mr Kamiyama wrote.
Government ups penalties for BBSW rigging
The government has legislated amendments to the Corporations Act 2001 that will see increased civil and criminal penalties apply to financial institutions found to have manipulated financial benchmarks, according to a statement from Treasurer Scott Morrison. “The manipulation of any financial benchmark or product used to determine such a benchmark is now a specific offence and subject to civil and criminal penalties,” Mr Morrison said in the statement.
Plenty of risks ahead for equities: GSFM
Global equity markets could still eke out single-digit returns over the next few years, says Grant Samuel Fund Management (GSFM) investment consultant Stephen Miller, but there are plenty of risks to negotiate. Mr Miller, who left BlackRock after a 14-year career as head of Australian fixed income in December 2016, joined GSFM on a part-time basis in February 2018.
Magellan tears up Cricket Australia sponsorship
Magellan has ended a three-year deal Cricket Australia as the naming-rights sponsor that was signed in August 2017. The deal, which commenced during the recent Ashes series against England, will be torn up seven months into the three-year agreement. Australia captain Steve Smith admitted that the senior leadership of the team made and implemented plans to tamper with the ball during the recent third test against South Africa in Cape Town.
Government broadens ASIC's hiring rules
The Coalition has tabled legislation that will remove the requirement for ASIC to employ people under the Public Service Act 1999. Introducing the legislation, Minister for Revenue and Financial Services Kelly O'Dwyer said the changes would give ASIC "greater operational flexibility" and bring the corporate regulator into line with APRA and the RBA. "ASIC will now have the ability to attract and retain the most appropriate people, to achieve its short and long‑term priorities," Ms O'Dwyer said.
Funds management ‘shrouded in jargon’
Speaking in Sydney yesterday, Janus Henderson co-chief executive Andrew Formica said his industry is particularly bad at explaining what it does to its clients. The reason fund managers exist is because their clients have acknowledged they cannot navigate investment markets on their own, Mr Formica said. Clients need investment returns, he said, but they are also looking to the funds management industry to help them make sense of the world.
Milliman appoints adviser services director
In the new role, Andrew Whelan will drive development and management of national retail and wholesale partnerships, focusing on financial advisers and dealer groups, according to a statement. Mr Whelan was most recently at adviser software provider CCUBE Integrated Wealth where he was general manager, sales and marketing. Prior to that, he spent four and a half years at Morningstar as head of adviser solutions and head of deal desk. Before that, he was a consultant at Macquarie Group.
Pengana Capital expands distribution team
According to a statement by Pengana, Broc McCauley and Dan McAleer will step into their new Melbourne-based roles of business development manager and regional business development manager, respectively. Mr McCauley and Mr McAleer will “service and support dealer groups, researchers, platforms and advisers in Victoria, South Australia, Western Australia and Tasmania,” the statement said.
Nationwide Super outsources to Russell Investments
Russell Investments head of institutional business for Australia Jodie Hampshire told InvestorDaily that the small business-focused industry super fund had “fully outsourced all functions of running the fund to Russell Investments”. Nationwide Super will hand over responsibilities of oversight and governance, risk management, and legislative guidance to the global asset manager.
Asia Region Funds Passport bill tabled
Minister for Revenue and Financial Services Kelly O’Dwyer said the Asia Region Funds Passport will enable the Australian economy to be better integrated with Asia at large. “It will provide Australian fund managers with access to Asia’s expanding middle class and high net worth individuals, by allowing them to offer their products into the region without having to go through duplicative approval processes in each economy,” Ms O’Dwyer said.
Data security emerging as ethical theme: RIAA
Speaking to InvestorDaily, Responsible Investment Association Australasia (RIAA) chief executive Simon O’Connor said that exclusions and negative screenings tend to shift in line with societal expectations. Mr O’Connor's comments come as Facebook faces scrutiny for its role in a data breach that saw 50 million users' private details made available to UK firm Cambridge Analytica. ETF provider BetaShares removed Facebook from its global sustainability leaders product last Friday.
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