Always great on paper: Vijay Mallya tweets on RCB’s poor IPL 2019 campaignIPL 2019: After Royal Challengers Bangalore skipper Virat Kohli posted a picture on Instagram thanking the team’s fans for their support, Vijay Mallya expressed his disappointment at another below-par season for his former franchiseadvertisement Indo-Asian News Service BengaluruMay 7, 2019UPDATED: May 7, 2019 23:43 IST Vijay Mallya said the Virat Kohli-led team is always good on paper (Courtesy by BCCI/PTI)HIGHLIGHTSRoyal Challengers Bangalore gave a poor account of themselves in the first half of the tournamentIt was the 12th straight season that the RCB failed to bag the IPL trophyVijay Mallya said the Virat Kohli-led team is always good on paper, reacting to the skipper’s social media postRoyal Challengers Bangalore (RCB) former co-owner Vijay Mallya said the Virat Kohli-led team is always good on paper, reacting to the skipper’s social media post after they finished rock-bottom in the Indian Premier League (IPL) points table.RCB gave a poor account of themselves in the first half of the tournament, not being able to win a single game. But Kohli and Co. bounced back to win five games on the trot at the back end of the competition, something that, in the end, proved to be a bridge too far in terms of making the playoffs.”Thank you guys for all the love & support – the entire team including the fans, the ground staff & the support staff! Promise to come back stronger next year,” Kohli wrote on his Instagram page. He posted this along with a photo from the Chinnaswamy stadium which showed fans holding a banner which said: “We’ll always keep our heads high, our love for RCB will never die”.Taking a dig at the RCB skipper’s post, Mallya tweeted: “Always a great line up but sadly on paper only. Devastated with the wooden spoon”.Always a great line up but sadly on paper only. Devastated with the wooden spoon. https://t.co/6uYYbXJxVqadvertisementVijay Mallya (@TheVijayMallya) May 5, 2019It was the 12th straight season that the RCB failed to bag the IPL trophy.Also Read | IPL 2019: I feel your pain, Virat Kohli thanks RCB fans after consolation winAlso Read | High time we did something for the crowd: Gurkeerat Singh after RCB winFor sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAjay Tiwari
Admiral Administration, a leader in global hedge fund administration, is expanding to Nova Scotia. The company plans to create up to 175 new full-time jobs in the next six years. The province, through Nova Scotia Business Inc., is supporting the company’s growth with a payroll rebate to a maximum of $2,208,500. Admiral Administration is an award-winning global hedge fund administrator with offices in the Cayman Islands, Ireland and the United States that administers more than 200 funds totaling about $20 billion in net assets. “It is a testament to our well established and growing financial services sector to have Admiral Administration, one of the industry’s leading hedge fund administrators, expand business operations to Nova Scotia,” said Economic and Rural Development and Tourism Minister Percy Paris. “It aligns with Nova Scotia’s jobsHere plan to create good jobs and grow a sustainable economy.” Admiral Administration employs a wide range of professionals such as chartered accountants and IT specialists. “I knew the next step for Admiral Administration was to expand our global footprint. When NSBI approached us, we realized Nova Scotia was the right competitive jurisdiction for us,” said Canover Watson, managing director, Admiral Administration. “Nova Scotia offers a great location, competitive costs and talented labour. It is the perfect fit.” Nova Scotia has attracted some of the top financial companies in the world including Citco Fund Services, Flagstone Reinsurance, Butterfield Fulcrum and Marsh Captive Solutions. “Nova Scotia is, and continues to be, recognized as a global financial services centre,” said Stephen Lund, president and CEO of Nova Scotia Business Inc. “In 2006, we identified this sector as a key growth opportunity for Nova Scotia. We continue to build on our momentum and remain focused on targeting high-quality companies that will bring value to the financial services sector.” Canada has had a well-established hedge fund administration industry, dating back to the 1990s. According to KPMG, the industry in Canada has experienced considerable growth in the past five years as existing organizations expanded and other global organizations opened offices. “By many measures Halifax would be considered the fastest growing hedge fund administration centre in Canada recently, as existing administrators expand their Halifax operations and new entrants establish them,” said Peter Hayes, partner, national director, Alternative Investments Practice, KPMG Canada. “Based on my experience, the administrators that have chosen Halifax would consider the relatively high quality of employees they’ve been able to source, and the cost effectiveness of the province compared with the more traditional hedge fund servicing centres, as strong factors in favour of the city.” Admiral Administration was recognized in 2011 by Hedgeweek USA as Best Offshore Hedge Fund Administrator. Nova Scotia Business Inc. is the province’s private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia. For more information, visit www.nsbi.ca and follow online at www.nsbi.ca/connect .