Advertisement Comment Manchester United and Everton in talks to sign Paris Saint-Germain midfielder Adrien Rabiot on free transfer Adrien Rabiot is in talks with Manchester United and Everton (Getty Images)Manchester United are in talks with Paris Saint-Germain midfielder Adrien Rabiot, according to reports in France.The 24-year-old is out of contract with PSG at the end of this month and will join a new club on a free transfer.Barcelona, Tottenham and Juventus have all held talks with Rabiot over a potential deal but the midfielder’s high wage demands and signing-on fee has reportedly been a major stumbling block.According to TF1, Rabiot is currently holding talks with both Manchester United and Everton, although no deal has been agreed.ADVERTISEMENT Rabiot will leave PSG on a free transfer this summer (Getty Images)The report also claims that Rabiot is open to moving to a club in the Premier League.AdvertisementAdvertisementEarlier this week, reports in France claimed that Arsenal manager Unai Emery was also interested in completing a deal for Rabiot.Rabiot thrived under Emery during their time together at PSG, but both Arsenal and United are at a disadvantage as they cannot offer the midfielder Champions League football next season.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityRabiot has not featured for PSG since December and will leave the club on a free transfer this summer after refusing to sign a new contract.In March, Rabiot’s mother and agent, Veronique Rabiot, accused PSG of holding her son ‘prisoner’ by refusing to let him train with the first team.“We are attacking the human side here. We are modest. I can only tell you that he feels very badly [about] everything that happens,’ she told L’Equipe.“Adrien is a prisoner! He is even held hostage by PSG. Soon it will be dry bread, water, and a dungeon! This environment is cruel.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Advertisement Metro Sport ReporterSunday 2 Jun 2019 8:38 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link22Shares
The €29bn Pensioenfonds ING has reported a 30% return on its 50-year interest swaps and government bonds thanks to falling interest rates over the first quarter, boosting its quarterly return to 13.8%.The pension fund generated 15.9% on its matching portfolio, which consisted of 70% of its assets.Its 30% return portfolio delivered 12.4%, with equity producing an overall result of 15.5% and European equity returning 18%. The ING scheme attributed the 7.4% return on credit and emerging market debt to the latter, due to higher interest levels and a stronger US dollar. It also noted that listed property continued its rise, generating 18% during the first quarter.Non-listed real estate returned almost 10%.Alternative investments returned 7.8%, largely due to the performance of private equity.The pension fund added that it would divest its remaining positions in hedge funds over the coming months.ING Pensioenfonds said the return from alternatives included a 1% loss on its currency hedge, following the depreciation of the euro against the dollar.It had covered 50% of the risk on the six largest positions in foreign currency.Over the course of the first quarter, the scheme’s funding in real terms dropped by 2.6 percentage points to 86.6%, whereas its official policy coverage ratio stood at 142.9% at March-end.The ING Pensioenfonds has been a closed pension plan since 1 January, when banc-assurer ING was split into companies for insurance and banking.Over the first three months, the scheme’s total number of participants fell by 476 to 72,039.In other news, SPW, the €11.6bn pension fund for housing corporations, posted a quarterly result of 10.6%, due in part to a 16% return on developed market equities.Within its fixed income portfolio, emerging markets, government bonds and credit returned 9.7%, 4% and 8.3% respectively.SPW’s holdings in alternatives also performed well, delivering 13.6% for hedge funds, 10.9% for private equity and 13.3% for infrastructure.Commodities and real estate returned 5.3% and 14.7%, respectively.