Can I Slap My Tattoo If It Itches, Articles S

This risk is not considered in the indicator shown above. Simon Ithel Davies (born 23 April 1974) is a Welsh professional football coach and former player who is currently the Head of Coaching Methodology at Tottenham Hotspur's academy.. As a player, he was a midfielder who notably played in the Premier League for Manchester United, where he was part of the famous 1992 youth team.He later played in The Football League for Exeter City, Huddersfield . Jon Davies. He also serves as a director of Tricon Residential Inc. (TSX:TCN) and several Blackstone portfolio companies. . They have lived together happily for over 15 years and are blessed with two children. This is a marketing communication. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. Real Estate Investments. One source said the alternative asset manager is not looking to replace him. Search over 700 Mr. Schwarzman holds a B.A. He is involved in tax structuring and compliance matters for the international investments of the Blackstone Real Estate Partners (BREP) funds, with a particular focus on the structuring of BREP acquisitions and dispositions in Europe. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. She serves on the Boards of City Harvest, the Real Estate Roundtable, the PREA Foundation, and the Blackstone Charitable Foundation, and as a Trustee of The Nightingale-Bamford School. Biography. This includes the potential for the Fund to suffer greater losses than it otherwise would have. In 2015, Mr. Schwarzman donated $150 million to Yale University to establish theSchwarzman Center, a first-of-its-kind campus center in Yales historic Commons building, and also gave a founding gift of $40 million to the Inner-City Scholarship Fund, which provides tuition assistance to underprivileged children attending Catholic schools in the Archdiocese of New York. Direct links to the EDGAR source material. Advertised rates of return arent guaranteed. Blackstone has also recently launched major new businesses dedicated to infrastructure and life sciences investing, as well as delivering the firms investment management expertise and products to insurance companies. Blackstone Real Estate is the industry leader in opportunistic, core plus and debt investing across the US, Europe and Asia. Cathodoluminescence System Rocketreach finds email, phone & social media for 450M+ professionals. Friday June 24, 2011 11:05 pm. Before joining Blackstone Credit, Mr. Hayden was a Managing Director at EIG where he spent over 12 years working on private investments in the renewable energy sector. Simon Vance Narrator (2006) The Secret River Thornhill (Series) Book 1 to carry out statistical analysis and market research; to comply with legal and regulatory obligations applicable to the investor and the Company; for disclosure or transfer, whether in Ireland or countries outside Ireland, including without limitation the U.S., which may not have the same data protection laws as Ireland, to third parties including financial advisers, regulatory bodies, auditors, technology providers, or to the Company and its delegates and its or their duly appointed agents and any of their respective related, associated or affiliated companies for the purposes specified above; or. Simon G Davies, a managing director in Blackstone Group's restructuring team, has left the firm, according to two people close to the situation. CLOs and closed-end mutual funds. Rocketreach finds email, phone & social media for 450M+ professionals. Prior to joining Fidelis Insurance, Simon worked at Catlin (now AxaXl) as an external Reporting Accountant, and before . Andy Cox is a Detective Chief Superintendent with Lincolnshire Police, and previously was Detective Superintendent lead for Vision Zero, Road Death and Transport Crime Investigation with the Metropolitan Police. Kris was a Managing Director in Blackstone's special situations investing . The most comprehensive coverage of infectious diseases . Blackstone BioMed Life Science Real Estate - LR (Lux) SCSp: Street Address 1 Street Address 2; 11-13 BOULEVARD DE LA FOIRE: City State/Province/Country . In 2004, he joined the restructuring group at Close Brothers Corporate Finance, following which he was a Managing Director of the . You may wish to get financial advice before deciding to invest. Prior to joining Blackstone in 2010, Mr. Quinlan worked at Bank of America Merrill Lynch, focusing on strategic corporate M&A and private equity investments. This investment involves a significant risk of capital loss and should only be made if an investor can afford the loss of its entire investment. Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the worlds leading investment firms with $975 billion Assets Under Management (as of December 31, 2022). for investors in the United Kingdom, any person or entity that is a credit institution, investment firm, other regulated financial institution, insurance company, collective investment scheme, pension fund or any persons or entities that qualify as a Professional Investor under section 3.5 Conduct of Business Sourcebook of the FCA Handbook of Rules and Guidance; for investors in Switzerland, any persons or entities (a) who is a Professional Client as defined in article 4(3) of the Swiss Federal Act on Financial Services (FinSA) or (b) a Private Client within the meaning of article 4(2) FinSA who is in a long-standing investment advisory- or investment management relationship with a regulated financial intermediary and who did not declare that they shall not be treated as qualified investors in accordance with article 10 (3ter) of the Swiss Federal Act on Collective Investment Schemes; in the Dubai International Financial Centre (DIFC), any persons or entities who qualify as Professional Clients within the meaning of Article 54(1) of the Collective Investment Law (DIFC Law No. A good rule of thumb is not to invest more than 10% of your money in. Mr. Symons oversees Strategic Partners' direct equity co-investment and primary investing activities. No Offer of Securities or Investment Advice: This site and the materials herein are presented for informational purposes only. Blackstone's Police Investigators' Manual 2023 Blackstone's Police Investigators' Workbook 2023, Paul Connor, Andrew Cox, Glenn Hutton, Dave Johnston, Elliot Gold, and Sarah Parry-Davies, Home Office. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance data quoted. The Funds investments do and will consist primarily of real estate investments and real estate-related investments. The use of leverage also exposes the Fund to the risk of an increase in interest rates. 500 S 3rd St, Fairfield, Iowa, 52556. We have classified this product as 3 out of 7, which is a medium-low risk class. Before joining Blackstone in 2008, Ms. Kanazeh spent four years at Credit Suisse in their Investment Banking and Leveraged Finance Divisions. He is also the Chairman and CEO of Blackstone Real Estate Income Trust. Luigi Caruso is a Senior Managing Director in the Real Estate Group, based in London. Prior to joining Blackstone, Mr. Seppala was a Vice President at Goldman Sachs & Co, where he spent 10 years focused on equity and debt investment opportunities in Europe and the United States on behalf of Goldman Sachss real estate private equity group. Our team provides project management services across a range of education projects (programs and projects) delivering at a high level . This type of business could face cash-flow problems that delay payments to investors. Useful cross references point back to the Manual in the answer sections.Now in its twenty first edition, both the Manual and Workbook contain the latest legislation and case law relevant to the 2023 NIE, including the Police, Crime, Sentencing and Courts Act 2022, the Domestic Abuse Act 2021 and the Nationality and Borders Act 2022, the Attorney General's updated Guidelines on Disclosure and significant case law decisions. Sydney, New South Wales, Australia. The information in this website is, therefore, not available to persons located in your country of residence and/or to all categories of investors. Since joining Blackstone in 2011, Mr. Amichi has been involved in a number of Blackstones investments in Europe, including OfficeFirst, the Banco Popular portfolio, Testa Residencial, and the GE European portfolio. If you are interested in learning more about how to protect yourself, visit the FCAs website here. Potential investors should not construe the contents of this website and/or the Prospectus as legal, tax, investment or accounting advice. All investors are urged to carefully read the prospectus and KID in their entirety before investing. These include major acquisitions such as Equity Office Properties, Hilton Hotels, Logicor and GE Real Estate. BEPIF expects to redeem shares at a price equal to the applicable net asset value as of the redemption date and not based on the price at which you initially purchased your shares. Mr. Gray received a BS in Economics from the Wharton School, as well as a BA in English from the College of Arts and Sciences at the University of Pennsylvania. You understand that a minimum subscription amount equivalent in Euros of AED 500,000 is applicable for investors of BEPIF in the UAE. on . c) borrowing money? Skill base includes . Simon E. Davies is known for The Machine (2013), Game of Thrones (2011) and Happy Hours (2013). Try the FSCS investment protection checker, The Financial Ombudsman Service (FOS) does not cover poor investment performance. 28003 Madrid - Inscrita en el Registro Mercantil de Madrid, tomo 9.364 general, 8.130 de la seccin 3 del Libro de Sociedades, folio 68, hoja n 87.690-1, The Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover investments in unregulated collective investment schemes. On February 24, 2022, Russian troops began a full-scale invasion of Ukraine and the countries remain in active armed conflict. The ongoing conflict and the rapidly evolving measures in response could be expected to have a negative impact on the economy and business activity globally (including in the countries in which BEPIF invests), and therefore could adversely affect the performance of BEPIFs investments. Mr. Agarwal is the Head of the Core+ Real Estate business in Europe, where he oversees Blackstone Property Partners Europe and Blackstone European Property Income Fund. The information on this website is only intended for investors who have the necessary knowledge and experience to understand the risks to which this product is subject to. Blackstone's Police Investigators Manual and Workbook 2023 Paul Connor, Andrew Cox, Glenn Hutton, Dave Johnston, Elliot Gold, and Sarah Parry-Davies Blackstone's Police Manuals. EUR 100 000 and are attesting that they have the necessary knowledge and experience to understand the risks to which this product is subject to. They also established NYC Kids RISE in partnership with the City of New York to accelerate college savings for low income children. Farhad Karim is a Senior Managing Director and Chief Operating Officer of Europe. Great fun touring Blackstone's Tripolis Park in our hard hats and wellies. Lack of Liquidity. Concentration. Mr. Quinlan received a BS in Finance cum laude from Georgetown University and an MBA with distinction from the NYU Stern School of Business. These investments are very occasionally held in an Innovative Finance ISA (IFISA). In 2007, Mr. Schwarzman donated $100 million to the New York Public Library on whose board he serves. Simon is a regular commentator and presenter on Radio Wales Sport. Blackstones businesses include private equity. In considering any investment performance information contained in this website and the documents linked to it (the Materials),recipients should bear in mind that past performance is not necessarily indicative of future results. View the profiles of professionals named "Simon Davies -zone Trader" on LinkedIn. Sort Title; Release date; Popularity; Filter Release date. When expanded it provides a list of search options that will switch the search inputs to match the current . Otherwise, we will assume you're OK to continue. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. We didn't know what to expect when Simon Davies walked out onto The Voice UK stage, but it wasn't this. Check out Ian Davies's high school sports home, including game updates while playing basketball and soccer at Blackstone-Millville High School. The Fund may be exposed to an environmental, social or governance event or condition that, if it occurs, could have a material adverse effect, actual or potential, on the value of the investments made by the Fund. This is a high-risk investment and you are unlikely to be protected if something goes wrong. The Fund may borrow money. DIFC and the Abu Dhabi Global Market), any persons or entities who qualify as Professional Investors within the meaning of Part 3, Chapter 1, Article 5 of of the Securities and Commodities Authority Chairman Decision No. Frank Cohen is the Global Chairman of Core+ Real Estate. Simon Davies is a Managing Director in the Real Estate Group based in London and is Head of Europe Real Estate Finance. Domicilio Social: C/ Raimundo Fernndez Villaverde, 65. Directed by Paul Greengrass.Written by Paul Greengrass and Luke Davies, based on the novel by Paulette Jiles. There can be no assurance that the Fund will be able to locate, consummate and exit investments that satisfy its objectives or realize upon their values or that the Fund will be able to fully invest its available capital. Paul Connor, Dave Johnston, Glenn Hutton, Andy Cox, Elliot Gold, Andrew Staniforth, Police National Legal Database (PNLD), Clive Walker, Stuart Osbourne QPM. Mr. Quinlan was previously the CFO for Blackstone Real Estate Debt Strategies and Blackstone Mortgage Trust. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. BEPIF offers no capital protection guarantee. Ms. Kanazeh also serves as the Chair of the Womens Initiative at Blackstone for Europe. Mr. Caplan received an AB in Economics from Harvard College, where he graduated magna cum laude, was elected to Phi Beta Kappa and was a John Harvard Scholar. Head of Real Estate Debt Capital Markets Europe. She graduated from the cole Polytechnique and currently serves as a Trustee of the Urban Land Institute. Mr. Caplan most recently served as Global Chief Investment Officer of Blackstone Real Estate and prior to that as Head of Real Estate Europe. He also acts as Global General Counsel of Real Estate. Neither the site nor the materials herein constitutes a solicitation or offer by Blackstone or its affiliates (collectively, Blackstone) to buy or sell any securities of any kind or provide any investment advice or service. The SCA assumes no liability for the accuracy of the information set out in the prospectus, on this website, nor for the failure of any persons engaged by the investment fund in performing their duties and responsibilities. Blackstone is under no obligation to update the information to reflect changes after the publication date. Blackstone does not provide investment advice. "These are being quietly dealt with by lenders." Mr. Schwarzman is a member of The Council on Foreign Relations, The Business Council, The Business Roundtable, and The International Business Council of the World Economic Forum. Try for free at rocketreach.co Since joining Blackstone in 2008, Mr. Agarwal has been involved in real estate investments in various property sectors across Europe including Hispania, HI Partners, Broadgate and Chiswick Park amongst others. Davies will start next month as a restructuring adviser with credit investor Cairn Capital, the sources said. This page is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities in any state where the offer or sale is not permitted. It furthers the University's objective of excellence in research, scholarship, and education by publishing worldwide. Wesley LePatner is a Senior Managing Director in the Real Estate Group and the Global Head of Core+ Real Estate, based in New York. Simon Davies was the target of a global manhunt after a warrant was first issued for his . This makes it difficult to predict how risky the investment is, but it will most likely be high. Before joining Blackstone in 2010, Ms. McCarthy worked at Goldman Sachs, where she focused on investments for the Real Estate Principal Investment Area. A higher advertised rate of return means a higher risk of losing your money. Simon J Davies Movement of solutes across the peritoneum allows for the use of peritoneal dialysis to treat kidney failure. The very best in international medicine from over 600 of the world's greatest clinicians and medical scientists. As of December 31, 2022, KKR has a team of over 2,500 employees, consultants, and advisors, including more than 750 investment professionals working across 20 industries in offices around the world. Sign up for a free account. Katia Panichi is a partner at Elvinger Hoss Prussen, based in Luxembourg, and represents Elvinger Hoss Prussen on the executive committee of the Luxembourg Private Equity & Venture Capital Association (LPEA). One of the first things that a stressed borrower might do is request a covenant waiver - something that is happening with increasing regularity. United Kingdom. Fund charges will be incurred in multiple currencies, meaning that payments may increase or decrease as a result of currency exchange fluctuations. ' CD3.1 Simon Davies is Managing Director (Restructuring) at the Blackstone Group, a leading private equity firm. Should you reside in a country that is not listed above, you should not proceed. He is involved in tax structuring and compliance matters for the international investments of the Blackstone Real Estate Partners (BREP) funds, with a particular focus on the structuring of BREP acquisitions and dispositions in Europe. This rates the potential losses from future performance at a medium-low level, and poor market conditions could impact our capacity to pay you. Before joining Blackstone in 2007, Mr Davies worked as a Senior Manager in the Investment Management and Real Estate team at PricewaterhouseCoopers and specialized in the tax affairs of international real estate funds and investments. She has lost both her birth and Kiowa families. <br><br>Happy to chat about economics, development, climate . Nathalie Charles is the Deputy CEO and Global Head of Investment Management at BNP Paribas Real Estate, based in Paris. 2 What are the advantages of: a) private markets? Internet Strategics Business Data. Exchange Currency Risk. Mr Davies is involved with tax matters relating to fund formation and international real estate acquisitions and dispositions, with a particular focus on Europe. You may be able to claim if you received regulated advice to invest in one, and the adviser has since failed. Strong at technical and policy work, and concise writing. in Engineering from Queens University at Kingston, Canada and an MBA from the Tuck School of Business at Dartmouth College. In June 2019, he donated 150 million to the University of Oxford to help redefine the study of the humanities for the 21st century. Simon E. Davies. All real estate investments are subject to some degree of risk. What It Takes: Lessons in the Pursuit of Excellence, No thanks, please take me back to Blackstones PWS EMEA site. His departure leaves the group with four managing directors in London and one in Paris leading a 35-strong team. Prior to his current role, Mr. Davies lead the tax function for the European real estate business focusing on tax planning around fund formations, acquisitions and disposals. The Funds investments involve significant risks including, but not limited to, loss of all or a significant portion of the investment due to leveraging, synthetic short-selling, derivatives or other speculative practices. for other legitimate business interests of the Company. Learn more about FOS protection. . free lookups / month. Mr. Symons is an executive board member of the Cure Breast [] David Johnston LLB, LLM is a barrister and Chief Superintendent of Specialist Operations in the Metropolitan Police Service. The Funds concentration in the real estate sector may present more risks than if it were broadly diversified over numerous industries and sectors of the economy. Public filings of Blackstone Real Estate Partners Asia III Lux SCSP raised by Blackstone Real Estate Advisors LP. History. You represent and warrant that you fall under one of the following categories of Professional Investor (as set out in Part 3, Chapter 1, Article 5 of the Rulebook): (A) Professional Investor by nature; (B) Professional Investor by experience; (C) Professional Investor by evaluation; (D) an undertaker / a person handling undertakings; or (E) an undertaker. Simon joined Fidelis Insurance in 2015 as a reporting Manager and is responsible for all of the regulatory reporting and tax submissions for Fidelis Insurance Group. Prior to that Mr. Jay spent 2 years at HSBC Private Bank in New York and London. Complete information on the risks of investing in BEPIF is set out in the Prospectus. Sara Davies is a 37-year-old British businesswoman, entrepreneur and television personality. Other risks include, but are not limited to: allocation risk, conflicts of interest risk, counterparty risk, foreign investments risk, high portfolio turnover risk, model and technology risk and volatility risk. Simon began his career in marketing and advertising, building his skills and experience across a number of leading Australian . All Locations. We would like to show you a description here but the site won't allow us. Andrea practiced corporate and securities law at Davies Ward Phillips & Vineberg. Simon Davies: Blackstone Real Estate Associates Asia III Lux Sa RL: Paul Quinlan: Blackstone Real Estate Associates Asia III LP: Anthony Beovich: Diana Hoffmann: . Simon Davies . A quarter of a century since joining Peterborough United's youth team, former Wales winger Simon Davies is back at London Road as an under-18 coach. There is no guarantee that such strategies and targets will be achieved and any particular investment may not meet the target criteria. You hereby make the following representations, warranties and undertakings (as the case may be). The information on this website is only intended for investors who can commit at least EUR 200 000 and have the necessary knowledge and experience to understand the risks to which this product is subject to. His gift the largest single donation to Oxford since the renaissance will create a newCentre for the Humanitieswhich unites all humanities faculties under one roof for the first time in Oxfords history, and will offer new performing arts and exhibition venues as well as a new Institute for Ethics in AI. Mr. Volchyok is the prior chairman of the Board for the Institute for Portfolio Alternatives and on the Executive Committee of NAREITs Public Non-listed REIT Council. of 2021 on the Rulebook of Financial Activities and Mechanisms for Adjusting Positions (the Rulebook), which is managed and promoted by Blackstone Property Advisors, L.P. and its group affiliates. Try for free at rocketreach.co . Shares redeemed within one year of the date of issuance will be redeemed at 95% of the applicable net asset value as of the redemption date, unless such deduction is waived by the Fund in its discretion, including without limitation in case of redemptions resulting from death, qualifying disability or divorce. The information on this website is only intended for investors who can commit at least EUR 100 000and have the necessary knowledge and experience to understand the risks to which this product is subject to. with honours and a MSc. Deterioration of real estate fundamentals generally may negatively impact the performance of the Fund. Blackstone is the largest owner of commercial real estate globally, with a $577 billion portfolio and $326 billion in investor capital under management (as of December 31, 2022). Simon Davies, a managing director at alternative asset manager Blackstone Group's restructuring and reorganisation group, has left the firm, according to two people close to the situation. However, there is a large inter-individual variability in the peritoneal . The order of the below risk factors does not indicate the significance of any particular risk factor. A funds performance may be volatile. The company was first conceived when Giddins was working as a security project director in the private sector during the FIFA World Cup in South Africa, when It became apparent . An investment in the Fund should be considered a speculative investment that entails substantial risks; you may lose part or all of your investment or your investment may not perform as well as other similar investments. Therefore, BEPIF may not always have a sufficient amount of cash to immediately satisfy redemption requests. The actual risk can vary significantly. There is no current public trading market for the shares, and Blackstone does not expect that such a market will ever develop. Born: 1968 (age 54 years), Stratford-upon-Avon, United Kingdom. Mr. Volchyok received a BBA from Baruch College Zicklin School of Business and a JD from Fordham Law School. Simon Davies, a managing director at alternative asset manager Blackstone Groups restructuring and reorganisation group, has left the firm, according to two people close to the situation. Simon Davies Steven L. Dubovsky M.D. Before joining Blackstone in 2007, Mr Davies worked as a Senior Manager in the Investment Management and Real Estate team at PricewaterhouseCoopers and specialized in the tax affairs of international real estate funds and investments. Mr. Schwarzman is an active philanthropist with a history of supporting education, as well as culture and the arts, among other things. Simon Davies, age 52: 163 Attorney St APT 2D, New York, NY 10002: Simon Davies, age 70: 1320 Ivywood Dr, Okemos, MI 48864: Simon Davies, age 45: 550 W Wellington Ave APT 2W, Chicago, IL 60657: Simon Davies, age 44: 2740 NE Rosalie Pl, Poulsbo, WA 98370: Simon Davies: 747 Avocado Ave, El Cajon, CA 92020: Simon Davies, age 40: 4402 Pine Tree Ln . For example, real estate investments are relatively illiquid and, therefore, will tend to limit Blackstones ability to vary the Funds portfolio promptly in response to changes in economic or other conditions. Samir Amichi is the Head of Real Estate Acquisitions Europe, based in London. However, if returns do not exceed the costs of borrowing, Fund performance will be depressed. manager Simon Davies (footballer, born 1979), Welsh international footballer (born in Haverfordwest), whose clubs have included Tottenham Hotspur and Fulham Simon Davies (English TV presenter) (born 1963 . Simon Davies, Blackstone. The information on this website is only intended for investors who can commit at least Simon Davies is the founder and chief executive of Bastion Brands, an award-winning creative agency he founded in 2012. Diana Hoffmann is the Chief Operating Officer and Co-Head of Revantage Europe, a Blackstone portfolio company delivering corporate services to Blackstones Real Estate investments and its portfolio companies across the globe, based in Luxembourg. The success of the Fund will depend, in large part, upon the skill and expertise of certain Blackstone professionals. Tripolis Park is an eco . 2. He was also awarded the Order of the Aztec Eagle, Mexicos highest honor for foreigners, for his work on behalf of the U.S. in support of the U.S.-Mexico-Canada Agreement in 2018. simon davies blackstone. This is a profile preview from the PitchBook Platform. 2 of 2010); and, in the United Arab Emirates (excl. 5 free lookups per month. In 2007, Mr. Schwarzman was included in TIMEs 100 Most Influential People. In 2016, he topped Forbes Magazines list of the most influential people in finance and in 2018 was ranked in the Top 50 on Forbes list of the Worlds Most Powerful People. The Republic of France has awarded Mr. Schwarzman both the Lgion dHonneur and the Ordre des Arts et des Letters at the Commandeur level. He regularly appears before arbitration boards, labour boards, human rights tribunals, professional discipline hearings and other administrative tribunals. Glenn Hutton BA, MPhil, Chartered FCIPD was formerly a Superintendent in North Yorkshire Police. Simon G Davies, a managing director in Blackstone Groups restructuring team, has left the firm, according to two people close to the situation. How US buyers can counter the Brexit effect on M&A, Investing legend Jim Rogers on soaring inflation, central bank flaws and retiring at 37, Hogan Lovells and Shearman & Sterling merger talks collapse, Meet the Twenty Most Influential in Fund Management. No credit card required. She received a Chartered Accountant Degree from the Chamber of Commerce in Berlin and is a graduate of the Berlin College of Hotel Management. He is based in London. Mr. Shah received both a BSc. Simon Hayden has joined the firm from EIG, and he is a Senior Managing Director for Blackstone Credit in London and leads the Sustainable Resources activities in Europe. The Drowned Woods, Emily Lloyd-Jones, narrated by Moira Quirk (Hachette Audio) The winners will be announced at a virtual awards ceremony on March 28, 2023. Research and Development Director . At over $575 million, the program is modeled on the Rhodes Scholarship and is the single largest philanthropic effort in Chinas history coming largely from international donors.