19 Jan

ONE: Torres lone Filipino to win in Myanmar card

first_imgMitsatit blocked Miado’s takedown attempt to transition to a full mount where he landed an elbow that forced the Filipino to verbally submit 4:23 into the fight.Sports Related Videospowered by AdSparcRead Next It’s too early to present Duterte’s ‘legacy’ – Lacson FILE – Photo from ONE CHAMPIONSHIPJomary Torres followed up her debut win in ONE Championship with an impressive decision victory over Nita Dea of Indonesia in their atomweight bout Friday at Thuwunna Indoor Stadium in Myanmar.Torres (3-0) beat Dea, a grappling specialist, at her own game as she outwrestled her throughout the match.ADVERTISEMENT Steam emission over Taal’s main crater ‘steady’ for past 24 hours Jake says relationship with Shaina ‘goes beyond physical attraction’ Suu Kyi appeals to ICJ not to impose int’l justice PLAY LIST 04:31Suu Kyi appeals to ICJ not to impose int’l justice02:09‘I am prepared:’ Duterte reiterates openness to accept Rohingya refugees02:11SEA GAMES 2019: PH’s Nesthy Petecio boxing featherweight final (HIGHLIGHTS)02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES Jake says relationship with Shaina ‘goes beyond physical attraction’ Don’t miss out on the latest news and information. Kiss-and-tell matinee idol’s conquests: True stories or tall tales? Jo Koy: My brain always wants to think funny MOST READ OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson “This victory is so sweet. I am excited about how the future will unfold as I continue my career in ONE Championship. For sure, I will be back in the gym immediately. I am ready to climb the ladder and face the biggest names that the organization has to offer,” said Torres.“It is truly an honor to compete with a talented competitor like my opponent. She gave me a tough test. My opponent withstood everything I threw at her. I tip my hats off to her and her skills. This bout will be beneficial to my growth as a martial artist in this sport and in ONE Championship.”FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogDea (0-2) managed to shock Torres with a knee to the head but the Filipino again managed to bring the fight to the ground to earn the judges’ nod.Torres, however, was the only Filipino fighter to come out of the card victorious. Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene View comments Coco’s house rules on ‘Probinsyano’ set Ateneo nears sweep, sends UST to 13th straight loss China’s Chen Lei battered Burn Soriano on the ground to earn a technical knockout victory 1:06 of the second round of their bantamweight fight.Chen remained undefeated after seven fights while Soriano lost his second straight match and is now at 3-4.Chinese flyweight Ma Hao Bin (9-1) submitted Filipino knockout artist Eugene Toquero with an armbar 4:51 into the first round.Ma, who won his sixth straight fight, locked Toquero in an early guillotine choke but the Filipino managed to break free.Thai Pongsiri Mitsatit finished off the Philippine contingent with a convincing victory over Jeremy Miado in the strawweight division.ADVERTISEMENTlast_img read more

9 Aug

Hohn Divorce Settlement Roils Major UK Kids Charity

first_imgShareTweetShareEmail0 SharesDecember 4, 2014; ReutersYes, it’s as the adage says: Hell hath no fury like a hedge fund mogul scorned. In the UK, Chris Hohn’s $8 billion hedge fund had its best year ever, with a phenomenal return of 46.5 percent. His firm, The Children’s Investment Fund Management—an interesting name for a profit-making hedge fund, derived from the $4 billion charity he and his wife Jamie Cooper-Hohn established—doubled its charitable giving in the year, from 365,916 pounds to 674,346 pounds (roughly $1.06 million). However, its contributions to the Hohns’ charity—the Children’s investment Fund Foundation—dropped from 14.3 million pounds to 4.9 million pounds.Perhaps it was due to the Hohns’ divorce. In the divorce decree, Chris Hohn had to pay Jamie Cooper-Hohn a mere 337 million pounds—over $529 million in U.S. currency. According to Reuters, it was the largest divorce settlement in British history. Although Chris and Jamie jointly founded CIFF, apparently the divorce may have soured Chris on their shared charitable interests.How did CIFF emerge as their charitable joint venture, and how did Chris sour (somewhat) on it? According to Jamie’s testimony in the divorce case, when they met at a Harvard University dinner party in the 1990s, she asked Chris what he wanted to do with his life. He answered, make a lot of money. She says, “I told him I wouldn’t date him if all he wanted to do was make money,” and Chris convinced Jamie that he also wanted to “make the world a better place.”While Chris went on to make billions through his hedge fund, Jamie managed the charity. According to her lawyer, Chris Hohn made $5.7 billion in his “working life,” of which $4.3 billion went to the charity. How that pencils out is difficult for an outsider to figure, since Bloomberg reports that CIFF, dedicated to fighting child poverty in developing countries, mostly India and on the African continent, “has in the past received a third of TCI’s 1.5 percent management fee and 0.5 percent of profits over 11 percent.” Chris has been honored by the Queen for his philanthropy and reports that he speaks with Bill Gates about philanthropy “regularly every year.” Jamie, for her part, says the idea for the charity was hers, but Chris says he was moved to help children after he worked in the Philippines and witnessed children eating from trashcans.In the divorce proceedings, both testified that the foundation was a cause of contention between them. Chris Hohn said his wife was “struggling” in her job at the foundation and was having difficulty with the foundation’s board. Jamie Cooper-Hohn testified that her husband had been “threatening” her about the foundation as their marriage disintegrated. After their relationship dissolved, Chris Hohn testified, “I no longer wanted to give money” to CIFF.As a result of the hedge fund’s relationship with the foundation, Chris Hohn became the UK’s largest charitable donor. With $4 billion in assets, the foundation can easily survive and go forward without the annual contribution from Hohn’s hedge fund. However, Chris Hohn remains on the board of Jamie Cooper-Hohn’s charity. That doesn’t sound like a recipe for a post-divorce pleasant collaboration in the operations of a large children’s charity.—Rick CohenShareTweetShareEmail0 Shareslast_img read more