Electric Forest has become one of the most innovative music festivals of our time. In the past, the festival has announced its highly anticipated lineup in non-traditional formats, like in 2016, when they mailed out envelopes with names of artists to select fans and let social media do the rest. After expanding to two weekends last year (which demanded a more traditional announcement), Electric Forest is back with another unorthodox lineup announcement for 2018.Electric Forest’s New ‘Wish Machine’ Can Grant Your Festival “Wish” In Exchange For Charity WorkAs detailed by a Reddit thread, on Sunday night, Ann Arbor, Michigan’s Club Necto hosted a special pop-up event put on by the Electric Forest folks, which culminated in a performance by Space Jesus. Electric Forest used the event as a means to begin revealing the artists on its 2018 lineup, transforming the club into a puzzle room of sorts. As told by redditor /u/Supersighs, “Throughout the venue there [were] many posters were on the wall saying “Performer” is playing Electric Forest 2018. There was a special bar menu with clues to different acts playing. A little burlesque show that revealed some acts. There was a different number on each Men and Women bathroom mirror that if you called, had an artist saying they’re excited to be playing EF2018. The toilet paper had a word scramble all over it revealing an act. There was also a word search projected on the building also revealing some acts.”The folks over at Reddit have been keeping tabs on the artist revealed at last night’s pop-up show. Here’s their list of artists confirmed for Electric Forest 2018 (though keep your eyes peeled for more announcements, as there are still upwards of 100 artists left to be announced!):Everyone OrchestraSpag HeddyNonameXavier RuddRufus Du SolKarl Densons Tiny UniverseManic FocusChromeoHayden JamesSodownSunSquabiFruitionClozeeBoogie TLouis the ChildMisterwivesGryffinCookie MonstaG JonesBukuPenguin PrisonYookieEpromJody LitvackSpace Jesus[H/T YourEDM; Photo: Adam Straughn]
Swedish state pensions buffer fund AP2 reported a total investment loss of 5.1% at this year’s halfway point, the weakest result reported by any of the main four AP buffer funds.The Gothenburg fund’s chief executive officer said the nature of the market recovery that followed the March’s coronavirus lockdown had a negative impact on AP2’s equity portfolio.In absolute terms, the fund reported a SEK19.3bn (€1.86bn) investment loss between January and June, a period in which it transferred SEK4.2bn into the state pension system.Eva Halvarsson, AP2’s CEO, said: “By the end of the first half of the year, financial markets had turned upwards and most economies had begun to recover.” The stock market upturn had been largely driven by emerging equities in the technology sector, she said.“This has adversely affected the fund’s equity portfolios, which avoid concentrating excessive holdings in large companies, and instead over-weighting equities with a low valuation,” she said.AP2’s total assets dropped to SEK357.9bn at the end of June from SEK381.3bn at the end of 2019.Emerging markets equities were the weakest performing assets for AP2 in the six-month period, with the allocation suffering a 15.5% loss, following by developed markets foreign shares with an 11.4% loss.Swedish equities, meanwhile, lost 5.5%, while foreign government bonds was the most profitable allocation for the fund, ending June with a 4.5% return.Relative to its benchmark index, AP2 said its return overall was -0.1%, excluding alternative investments and costs.The fund increased its allocations to private equity funds and foreign real estate in the first half of the year, Halvarsson said, with these moves financed by a reduction in the allocation to Swedish bonds.AP2 also said it upped its allocation to Chinese A shares by cutting the allocation to other emerging market equities.Chinese A shares were a particularly strong performer for AP2 in 2019, with the fund reporting a 52.6% return on the renminbi-denominated equities which have become more accessible for foreign investors in recent years.AP2 is one of the four main state funds backing Sweden’s income pension – the primary component of the country’s first pillar provision.The last to report first-half results this year, AP2’s overall return falls below that of its peers.AP3 recently reported a negative return of 0.8% after costs for the first half of this year, beating buffer funds AP1 and AP4, which reported losses of 1.8% and 2.5%, respectively.For 2019, however, AP4 achieved the strongest result out of the four funds.Looking for IPE’s latest magazine? Read the digital edition here.
Washington D.C. — President Trump recently signed into law provisions authored by Rep. Luke Messer (IN-06) to increase school security and protect students.The Student, Teachers, and Officers Preventing (STOP) School Violence Act of 2018 includes Messer’s legislation allowing local schools to apply for matching grants to make physical and technological improvements to improve security.“This is a major win to secure our schools and better protect our students,” Messer said. “Hoosiers get it. Targeting the Constitutional rights of law-abiding gun owners is not the answer. I applaud President Trump for focusing on areas of consensus and delivering for Hoosier families, teachers and students.”The $75 million matching grant program created by the STOP School Violence Act could also be used to train students, teachers, school officials, and local law enforcement for emergency situations. The bipartisan legislation also provides funding to improve coordination between schools and local law enforcement.Messer recently visited Southwestern High School in his district, which has been called the “Safest School in America” because of its use of innovations like a direct camera feed to the county sheriff, real-time tracking, teacher panic buttons, bullet proof doors, and other innovations.Messer said the school’s physical infrastructure, coordination with law enforcement, and school safety training for students, teachers and faculty can be used as a model for other schools across the nation.“Right here in Indiana, Southwestern High School has gained a national reputation for school security,” Messer said. “More schools across America will now be able to follow this model to help keep our students safe.”