We’re almost two weeks away from the Lettuce-hosted inaugural Fool’s Paradise, going down at the St. Augustine Amphitheatre in St. Augustine, FL on April 1 & 2. The daily schedules are finally here, equipped with set times, artist-led excursions, and daily themes. Break out your most tropical wear for Friday’s “Beach Babes & Bums” party, and get nautical or tap into your inner jokester for Saturday’s “Pirates & Pranksters” theme.Check out the daily schedules below, with more details to follow:Friday, April 1stSaturday, April 2The beach-town funk extravaganza features two explosive sets from New York funk masters Lettuce & Friends, along with: electro soul future-funk producer/saxophonist GRiZ; rising retro-soul stars Vulfpeck, and Chris Robinson’s Soul Revue ft. George Porter Jr. (The Meters), Ivan Neville (Dumpstaphunk), Nikki Glaspie (The Nth Power), Eric Krasno (Lettuce/Soulive), Neal Casal (Chris Robinson Brotherhood) & The Shady Horns. GRiZ and Lettuce have announced a special live band collaboration. Supporting acts include South Africa’s organic live house duo Goldfish and the progressive soul, R&B and gospel of The Nth Power, Brasstracks andMarvel Years. With Snarky Puppy’s Cory Henry as an Artist-At-Large, you’ll never know what to expect! Tickets here.In addition, a number of late night shows will be hosted by some of the most talented musicians in the industry! This includes Break Science, Vulfpeck, Goldfish and a very special performance by the Fools of Funk, featuring Adam Deitch, Adam Smirnoff, Cory Henry, Nigel Hall, Weedie Braimah, Eric “Benny” Bloom, and Ryan Zoidis. Late Night shows will take place at Elk’s Lodge after the Amphitheatre festivities are over. More information and a very limited supply of tickets can be found here. There’s more to look forward to than just musical adventures. Fool’s Paradise is also offering exciting Florida excursions with your favorite artists! Whether it’s mini-golf with Lettuce’s Eric Krasno and Jesus Coomes, crocodile crossing and zip-lining adventure with Break Science’s Borahm Lee, or a sailing escapade with Ryan Zoidis and Eric “Benny” Bloom, you’ll be rocking your Saturday alongside the best. More information and tickets can be found here.With so much to choose from, St. Augustine will be crawling with adventurous opportunities. The oldest city in the United States and fabled home to the Fountain of Youth, St. Augustine’s unique scenery and historical presence sets the city apart from any other in the country. With over 42 miles of beaches, incredible restaurants and bars, jetskiing, kayaking, fort tours, parasailing, and its own distillery, attendees will have plenty to explore. We can’t wait for Fool’s Paradise! All the information you need about the festival can be found on the official website.
Mercer and Aon Hewitt have predicted that no more than 10 pension funds in the Netherlands will have to apply rights discounts this year, citing improving equity markets and rising interest rates over the fourth quarter of 2016, triggered mainly by the election of Donald Trump as US president.The consultancies, weighing pension funds’ coverage ratios at year-end, said any cuts were likely to be limited to 1%, as they expect the funds to take advantage of the legal option of spreading out the required discount over a 10-year period.Both consultancies estimated that pension funds’ coverage increased by 1 percentage point, to 102% on average, over December.This matches Dutch schemes’ average funding at the start of last year and exceeds the critical coverage level at which immediate rights cuts are mandatory. Aon Hewitt said it was probable that about 10 small and medium-sized schemes will be forced to make cuts this year, while Mercer estimates that no more than three pension funds are facing discounts.The country’s largest pension funds – ABP, PFZW, PMT, BpfBOUW and PME – have already indicated that they will not have to apply rights cuts.However, Frank Driessen, chief commercial officer at Aon Hewitt, took pains to emphasise that Dutch pension funds’ overall financial position was far from rosy.“Many schemes are a long way off from indexation, while governance requirements, particularly for the smaller pension funds, are tough,” he said. Driessen said joining a general pension fund (APF) was not as straightforward as expected for many smaller schemes, “as APFs don’t accept underfunded schemes as new participants”.Mercer’s Van Ek, meanwhile, said that all asset classes produced positive results last year, with emerging market equities returning 15% and developed market equities 12%.“Without the average currency hedge of 50%, developed market equities would have generated almost 14%,” he added.Commodities, returning 17%, was the best-performing asset class.Government bonds, listed property and private equity returned 7%, 7.5% and 3%, respectively, while hedge funds returned 1%, Mercer said.