The Magic's Dwight Howard will guard Pau Gasol, right, closely potentially leaving the way clear for Kobe Bryant, left.
The Magic's Dwight Howard will guard Pau Gasol, right, closely potentially leaving the way clear for Kobe Bryant, left.

LA should have edge on Orlando



The NBA finals begins tonight with the Orlando Magic taking on Kobe Bryant and the Los Angeles Lakers in a best-of-seven series. The Magic won both regular season meetings. Jameer Nelson, now on the injured list, scored 55 points in the two Magic victories. He exposed the Lakers big weakness - they are unable to stop speedy guards. In the Western conference semi-final, the Lakers were pushed to the deciding seventh game because the Houston Rockets guard Aaron Brooks could beat Derek Fisher off the dribble and then get to the rim. Unfortunately for the Magic, Nelson is still out after shoulder surgery.

Both teams have their strengths and weaknesses. The Lakers are prone to prolonged shooting slumps. Kobe Bryant is not a great three-point threat, and the rest of the team is streaky. Sacha Vujacic has moments, as does Fisher, and most recently Trevor Ariza. That being said, if the Lakers start missing outside shots, there is a reasonable chance the team loses. Ariza has been particularly effective shooting threes throughout the play-offs and he is due to start missing if past experience is anything to go on.

On the other side, the Magic have shot the lights out during the play-offs. Hedo Turkoglu and Rashard Lewis have had a field day, shooting over opponents at will. But the Lakers have great perimeter defenders in Bryant, Lamar Odom and Ariza so the Magic's hot shooting should cool off considerably. Dwight Howard got the better of the Cleveland Cavaliers' post players, but it will not be so easy against the giant Andrew Bynum and the skilled Pau Gasol. Howard will still rack up rebounds and points, but he will not command constant double teams as he did against Cleveland.

The Lakers run what is called the triple post or triangle offence. In essence, the post player receives the ball and then the other players play off him in a triangle formation. Gasol, Bryant and Odom are particularly effective in the post, shooting or passing as their teammates cut through the key area. Gasol is a perfect player for this system. Howard will no doubt guard Gasol closely, but in doing so will be drawn away from protecting the basket leaving Lakers such as Bryant clear paths to the basket.

By taking the play right to whomever Howard is guarding, the Lakers will contain his ability to act as the last line of defence. In the Cleveland series, the Magic's perimeter defenders such as Turkoglu and Mickael Pietrus could defend LeBron James closely in the knowledge that if the Cavs player managed to get by them, Howard would be waiting with outstretched arms to block shots. If the triangle offence is executed correctly, Howard should be left twisting in the wind trying to guard his man and whoever is breaking towards the basket.

And if Howard tries to help his teammates on defence, the Lakers' post players are more than capable of hitting the open shots. The Magic will have to collapse their defence into the key, making it difficult for the Lakers to play off the post player. Consequently, the Lakers will have to make outside shots. While he's no Larry Bird from beyond the three point line, Bryant is one of the league's best mid-range shooters.

All year the Lakers battled the Cavaliers for the league's best record and the finals are where these regular season victories count the most. With home court advantage, the Lakers should be able to win the series in seven games even if the Magic play to the best of their abilities. With the fans right on the court, winning away is tough in the NBA. Even the referees get spooked by the crowd's intensity and consistently make calls favouring the home team. The Lakers will get the calls in Los Angeles and the Magic will get the calls in Orlando.

There are four games in Los Angeles and three games in Orlando. It's pretty simple. The Magic have finally met their match. Expect the Lakers to win, however many games it takes. gdole@thenational.ae

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.”

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

MATCH DETAILS

Barcelona 0

Slavia Prague 0

WHAT IS THE LICENSING PROCESS FOR VARA?

Vara will cater to three categories of companies in Dubai (except the DIFC):

Category A: Minimum viable product (MVP) applicants that are currently in the process of securing an MVP licence: This is a three-stage process starting with [1] a provisional permit, graduating to [2] preparatory licence and concluding with [3] operational licence. Applicants that are already in the MVP process will be advised by Vara to either continue within the MVP framework or be transitioned to the full market product licensing process.

Category B: Existing legacy virtual asset service providers prior to February 7, 2023, which are required to come under Vara supervision. All operating service proviers in Dubai (excluding the DIFC) fall under Vara’s supervision.

Category C: New applicants seeking a Vara licence or existing applicants adding new activities. All applicants that do not fall under Category A or B can begin the application process through their current or prospective commercial licensor — the DET or Free Zone Authority — or directly through Vara in the instance that they have yet to determine the commercial operating zone in Dubai. 

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

A Cat, A Man, and Two Women
Junichiro
Tamizaki
Translated by Paul McCarthy
Daunt Books 


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