Jeremy Lin was able to train with the New York Knicks on Sunday.
Jeremy Lin was able to train with the New York Knicks on Sunday.
Jeremy Lin was able to train with the New York Knicks on Sunday.
Jeremy Lin was able to train with the New York Knicks on Sunday.

Jeremy Lin hopeful of being fit to play in the NBA play-offs


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Jeremy Linsaid his surgically repaired left knee was sore Sunday after training, but he would not rule out a return in the first round of the NBA play-offs with the New York Knicks.

"I was more encouraged by what I did yesterday and less encouraged by how I felt today," Lin said after the Knicks trained in Miami, where they were blown out by the Heat in game one of their Eastern Conference first-round series on Saturday. "But it's a process, ups and downs."

Lin had surgery on April 2 to repair a meniscus tear and the Knicks said he would miss about six weeks. If he were to make it back for game four of the Miami series, scheduled for next Sunday, he would be ahead of schedule.

Lin was careful Sunday not to promise a first-round return, although he indicated there was a chance, especially if the series goes beyond four games.

"If I felt good today, then that would be more of a possibility, but I didn't feel that great today," he said.

So far Lin's rehabilitation has not included contact practice, instead focusing largely on drills.

"I can do the drills, a lot of basic cutting," he said. "I think when I can take a hit and when I can cut at full speed and not think about it, that's what I'm waiting for."

Lin, an American whose parents are from Taiwan, became a global sensation as the first American of Chinese or Taiwanese descent to play in the NBA when he was plucked from the bench in February due to injuries to Knicks stars.

The Harvard graduate had been cut by two other teams and was days away from seeing his NBA dreams end before the Knicks gave him a look.

With drives to the basket, pinpoint passes and top shooting efforts even in the final seconds, Lin sparked a seven-game win streak for the Knicks and built a following known as "Linsanity" that kept him in the line-up long after the streak ended and the stars returned.

However, he didn't fare well against the Heat, whose physical play forced him into eight turn-overs and 1-of-11 shooting in a game in February.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Healthy tips to remember

Here, Dr Mohamed El Abiary, paediatric consultant at Al Zahra Hospital Dubai, shares some advice for parents whose children are fasting during the holy month of Ramadan:

Gradual fasting and golden points - For children under the age of 10, follow a step-by-step approach to fasting and don't push them beyond their limits. Start with a few hours fasting a day and increase it to a half fast and full fast when the child is ready. Every individual's ability varies as per the age and personal readiness. You could introduce a points system that awards the child and offers them encouragement when they make progress with the amount of hours they fast

Why fast? - Explain to your child why they are fasting. By shedding light on the importance of abstaining from food and drink, children may feel more encouraged to give it there all during the observance period. It is also a good opportunity to teach children about controlling urges, doing good for others and instilling healthy food habits

Sleep and suhoor - A child needs adequate sleep every night - at least eight hours. Make sure to set a routine early bedtime so he/she has sufficient time to wake up for suhoor, which is an essential meal at the beginning of the day

Good diet - Nutritious food is crucial to ensuring a healthy Ramadan for children. They must refrain from eating too much junk food as well as canned goods and snacks and drinks high in sugar. Foods that are rich in nutrients, vitamins and proteins, like fruits, fresh meats and vegetables, make for a good balanced diet