Latest news with #Callan
The Journal
27-06-2025
- The Journal
Former NBC war correspondent awarded €17,500 in damages against Irish Ferries after 'harrowing' journey
FORMER NBC WAR correspondent Susan Burt has been awarded €17,500 in damages against Irish Ferries for what was described in court as 'a hideous and harrowing experience' on the sea. Burt (75) told the Circuit Civil Court she feared she was going to die when Irish Ferries vessel MV Epsilon had been tossed around, once lurching to an angle of 33 degrees, in Storm Imogen almost ten years ago during a sailing from Cherbourg to Dublin. The court heard that conditions had been so bad the Epsilon had been unable to risk docking anywhere or dropping anchor and had to sail back and forth for 18 hours in what coastal shelter it could find until the storm abated. 'The vessel lurched so violently that people were screaming,' Burt had told Judge Christopher Callan who had reserved judgment until today. 'Things were flying through the air, dishes were smashing and furniture sliding up and down decks and cabin floors and when the ship would roll we had to crawl.' Three children and four other adults, including Ms Burt's partner Chris Sawyer, had earlier accepted settlements ranging from €14,500 in the case of the children to €23,000 in Mr Sawyer's claim. He had been physically injured during the storm. Advertisement Ms Burt told her barrister John Wilde Crosbie, who appeared with Evan O'Dwyer of O'Dwyer Solicitors, Ballyhaunis, Co Mayo, that she had lived through a horrific nightmare. She said the ship would turn over so far after having been hit by huge waves that passengers felt it would capsize. Epsilon had docked a day late on 9 February, 2016. Ms Burt and her partner had been travelling to visit friends in Co Mayo. Judge Callan said that while Ms Burt had not, according to psychiatric reports, reached the threshold of having suffered from PTSD, she had nevertheless been exposed to sustained and continuous shock, an experience she should not have had to endure. 'I thought I was going to die. I felt 'this is it,'' she had said. 'We were being thrown about and our car was absolutely squashed as vehicles criss-crossed the car deck.' When barrister Roisin Haughey, counsel for Irish Ferries, had raised an issue on the amount of legal costs Ms Burt should be awarded considering the lower award for damages in her €60,000 claim, Judge Callan said he felt she should receive full Circuit Court costs. 'In fairness to the plaintiff these unusual proceedings have been going on for quite a long time and the court was impressed with her evidence,' Judge Callan said. 'She did not in any way exaggerate what had happened to her.' Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
RTÉ News
27-06-2025
- RTÉ News
Former war correspondent awarded damages after 'hideous and harrowing' ferry sailing
A former NBC war correspondent has been awarded €17,500 damages against Irish Ferries for what was described in court as "a hideous and harrowing experience" while travelling from Cherbourg to Dublin. Susan Burt, 75, told the Circuit Civil Court she feared she was going to die when Irish Ferries vessel MV Epsilon had been tossed around, once lurching to an angle of 33 degrees, in Storm Imogen almost ten years ago. The court heard that conditions had been so bad the Epsilon had been unable to risk docking anywhere or dropping anchor and had to sail back and forth for 18 hours in what coastal shelter it could find until the storm abated. "The vessel lurched so violently that people were screaming," Ms Burt had told Judge Christopher Callan who had reserved judgment until today. "Things were flying through the air, dishes were smashing and furniture sliding up and down decks and cabin floors and when the ship would roll we had to crawl." Three children and four other adults, including Ms Burt's partner Chris Sawyer, had earlier accepted settlements ranging from €14,500 in the case of the children to €23,000 in Mr Sawyer's claim. He had been physically injured during the storm. Ms Burt told her barrister John Wilde Crosbie, who appeared with Evan O'Dwyer of O'Dwyer Solicitors, Ballyhaunis, Co Mayo, that she had lived through a horrific nightmare. She said the ship would turn over so far after having been hit by huge waves that passengers felt it would capsize. The Epsilon had docked a day late on 9 February 2016. Ms Burt and her partner had been travelling to visit friends in Co Mayo. Judge Callan said that while Ms Burt had not, according to psychiatric reports, reached the threshold of having suffered from PTSD, she had nevertheless been exposed to sustained and continuous shock, an experience she should not have had to endure. "I thought I was going to die. I felt 'this is it'," she had said. "We were being thrown about and our car was absolutely squashed as vehicles criss-crossed the car deck." When barrister Roisin Haughey, counsel for Irish Ferries, had raised an issue on the amount of legal costs Ms Burt should be awarded considering the lower award for damages in her €60,000 claim, Judge Callan said he felt she should receive full Circuit Court costs. "In fairness to the plaintiff these unusual proceedings have been going on for quite a long time and the court was impressed with her evidence," Judge Callan said. "She did not in any way exaggerate what had happened to her."
Malaysian Reserve
23-06-2025
- Business
- Malaysian Reserve
Callan's 2025 Cost of Doing Business Study Details Fee Trends for Institutional Investors
SAN FRANCISCO, June 23, 2025 /PRNewswire/ — Callan, a leading institutional investment consulting firm, released the results of its 2025 Cost of Doing Business Study, which offers a comprehensive look at the investment management fees paid by institutional investors. Based on data from 180 asset pools totaling more than $772 billion in assets, this update captures fees paid in 2024 and extends trends tracked since 2010. 'The study provides an important benchmark for institutional investors evaluating the cost-effectiveness of their investment programs,' said the study's author Ivan 'Butch' Cliff, executive vice president and director of research at Callan. 'While they continue to find ways to lower fees within asset classes, shifts in asset allocation—especially toward alternatives—are pushing total fund costs higher for many.' Key Findings Total investment management fees averaged 40 basis points across all investor types, which include nonprofits, public funds, corporate funds, and insurance pools. Asset allocation is the single biggest driver of total fund fees. As more institutional investors shift toward private equity/private credit, real assets, and to a lesser extent hedge funds, they are accepting higher fees in exchange for potential diversification and return benefits. Average fees for nonprofits have risen 16% since 2020, while corporate and public fund fees fell by 17% and 4%, respectively. On average, larger funds paid 24%–37% more in total fees than small ones, primarily because they allocate more to alternatives. While some cost savings were achieved through passive strategies and manager consolidation, these efforts were often outweighed by increased allocations to costlier asset classes. Callan has published similar updates in 1998, 2002, 2005, 2009, 2013, 2016, and 2021. This year's study includes data from our proprietary custody fee database to help institutional investors evaluate those costs. It also adds more detail on the funds' type and size: Nonprofits were divided into two groups: over and under $1 billion. Corporate funds were split between total return and liability-driven plans, as well as by size: over and under $1 billion. Public funds were divided into three groups: Over $10 billion, over $1 billion, and under $1 billion. Insurance pools were included for the first time. Find the summary blog post and survey here. About Callan Callan was founded as an employee-owned investment consulting firm in 1973. Ever since, we have empowered institutional clients with creative, customized investment solutions backed by proprietary research, exclusive data, and ongoing education. Today, Callan advises clients with more than $3 trillion in total assets, which makes it among the largest independently owned investment consulting firms in the U.S. Callan uses a client-focused consulting model to serve pension and defined contribution plan sponsors, endowments, foundations, independent investment advisers, investment managers, and other asset owners. Callan has six offices throughout the U.S. Learn more at Media Contact: Elizabeth Anathan mediarelations@ 415-274-3020
BreakingNews.ie
11-06-2025
- BreakingNews.ie
Kilkenny man murdered in London to be buried in his native village
An elderly Kilkenny man who was murdered during an alleged robbery while he was walking to his home in London is to be buried in his native village at the end of this month. John Mackey (87), originally from Mellowes Park in Callan, but who resided in Finsbury Park, London, will be brought back 'home for a final time as he wished,' according to his funeral notice, which describes him as a 'kind, gentle and charming' man. Advertisement He lived for several decades in London, having moved there in the 1950s. Mr Mackey died in hospital two days after he was injured in the alleged incident, which occurred on Thursday, May 8th, along Goodchild Road in the Manor House district area of Hackney just before 6pm. He had been walking home from the shops when he was allegedly attacked and his bag, containing groceries and a newspaper, was taken. Peter Augustine (58) of Green Lanes, Hornsey, Haringey, was subsequently charged with Mr Mackey's murder and alleged robbery and has been remanded in custody. Advertisement His funeral details have now been released and detail how Mr Mackey was in his '88th year and was taken from his family in tragic circumstances'. Mr Mackey was predeceased by his brothers Paddy, Christy and Milo, his sisters Kitty, Mary and Ann and his nephews Tony and Brian. 'Deeply regretted and sadly missed by his loving family, his brothers Tommy and Liam, his sisters Betty and Ellen. Much loved uncle of Steven, Pat, Mags, Adrian, Majella, Gareth, Michelle, Lisa, Katy, Gary, Noel, Trudy, Sheila, Dorothy, David, Alan, Lorraine, Breda, Kim, Sharon and their families, his friend and brother-in-law Bill Noone,' his funeral details add. 'Remembered with love by his friends and neighbours in London. A kind, gentle and charming man. Brought home for a final time, to be buried here - as he wished.' Advertisement The Kilkenny native's remains will repose at Molloy's Funeral Home, Callan on Wednesday, June 25th June from 5pm, concluding with Rosary and Vigil Prayers at 7pm. Funeral prayers will take place on Thursday, June 26th, at 10.15am, followed by removal to The Church of the Assumption, Callan, arriving for Requiem Mass at 11am. Burial will follow afterwards in Kilbride Cemetery, Callan. Following his death, Detective Chief Inspector Mark Rogers, who is leading the investigation for the Metropolitan Police said: "John was a proud Irishman and an innocent member of the public, and was walking back home after running errands when he was the victim of this tragic incident," said, who is leading the investigation. Advertisement "His family tell us he was one of 11 children. He was born in Callan, Co. Kilkenny, Ireland and moved to London in the 1950s. "He was uncle to a remarkable 22 nieces and nephews and a brother to his remaining four siblings; they will all miss him.' The chief inspector added: 'John's family describe him as funny and charming. He was a lifelong Arsenal fan who was adored by his family and was loved by his local community. "His family will join John on one final trip back to Ireland, where he'll be laid to rest. "I would like to reassure the local community that a man has been charged and we are not looking for anyone else in connection with John's death." Tributes continue to be paid on with one sympathiser saying that Mr Mackey was 'one of life's top individuals'. The tribute noted: 'When he would come home on holidays to Mill Street, he would always be a joy to meet. Always looked so well and loved chatting about Callan and Arsenal. You were a wonderful ambassador for the town of Callan'.
7NEWS
01-06-2025
- Automotive
- 7NEWS
Jett Reed: Young e-scooter rider, 11, nearly lost his leg after being ‘hit and dragged' by a car in Lakelands
The family of an 11-year-old e-scooter rider who almost lost his right leg after he was hit by a car and dragged for nearly 10 metres has launched an appeal to help pay for his medical bills. Jett Reed has spent more than a week in Perth Children's Hospital and undergone nearly 20 hours of surgery following the shocking incident that took place at the intersection of Badgerup Avenue and Yindana Boulevard in Lakelands, Mandurah at about 3.10pm on May 23. The schoolboy's uncle, Brenton Reed, said the youngster was in pain daily adding it had been 'extremely stressful for his parents and our wider families' He also described his nephew as a 'sweet boy' who was 'enduring what no child should be going through'. 'My nephew Jett was on his way home from school last Friday ... when he was hit by a car and dragged underneath it for approximately 10 metres,' Mr Reed posted on GoFundMe. 'Both front and back wheels of the car went over his right leg and his calf was dragged on the bitumen and severely damaged. 'As a result Jett's leg was clean broken and he has lost most of the calf muscle. 'He has already endured 18 plus hours of surgery with many more to go before even thinking about rehabilitation. 'So far the operations have reset the broken bones, and the process to move calf muscle from the good leg to the damaged leg has commenced. After this will be massive skin grafts, all while trying to prevent any infection.' Mr Reed said he started the GoFundMe page on behalf of his brother Callan, Jett's father, who gave up work to look after his son. 'We ask for any help to assist Callan in paying for bills and travel up and down daily from Mandurah to Perth for what we think will be many months stay at the children's hospital in Perth,' he said. 'Callan works for himself so is currently without an income as he looks after his boy. 'Any donations would be greatly appreciated, 'I myself cannot even begin to imagine what they are going through and any financial assistance would be a great help to Callan during this awful time.'
