Monta Ellis of the Dallas Mavericks, right, goes for a loose ball against Darren Collison, centre, of the Sacramento Kings as his teammate Rajon Rondo, left, looks on during Dallas' win over Sacramento in the NBA on Tuesday. John G Mabanglo / EPA / January 13, 2015
Monta Ellis of the Dallas Mavericks, right, goes for a loose ball against Darren Collison, centre, of the Sacramento Kings as his teammate Rajon Rondo, left, looks on during Dallas' win over SacramentShow more

Monta Ellis and Rajon Rondo starting to click in Dallas Mavericks backcourt



Although still not in total sync as new teammates, Rajon Rondo and Monta Ellis are making a difference as a backcourt for the Dallas Mavericks.

Ellis scored six of his 28 points in overtime and added 10 assists, Rondo scored 21 points and hit a huge three-pointer in OT, and the Mavericks beat the Sacramento Kings 108-104 in the NBA on Tuesday night.

Rondo, who came to Dallas in a mid-December trade with Boston, erased a one-point deficit with a three-pointer, giving Dallas the lead for good at 104-102 with 1:19 remaining. Ellis made four free throws from there to close it out.

“Rondo’s three was obviously a big one, but I thought he made some big passes, too,” Dallas coach Rick Carlisle said. “He was real aggressive and played good defence on the ball.”

The Mavericks rallied from a 10-point deficit in the fourth quarter to avoid a third straight loss. Dallas were coming off two humbling losses to Detroit (118-105) and the Clippers (120-100).

“When you’re down 10 points with 4:11 to play, you virtually have to pitch a shutout to win the game or even get it to OT,” Carlisle said. “Our guys did that. It’s an important game, you don’t want to lose two in a row in the Western Conference. We didn’t want a third one to happen.”

DeMarcus Cousins, who fouled out late in the fourth quarter, had 32 points, 16 rebounds and nine assists, but also committed nine turnovers for the Kings. Darren Collison had 18 points and seven rebounds.

Sacramento lost Rudy Gay, their second-leading scorer, late in the first quarter with a left knee strain. Gay, who is averaging nearly 21 points a game, had four points in 10 minutes.

Minus Cousins and Gay, the Kings were limited offensively in overtime when they missed all seven shots and were outscored 9-5.

“With (Cousins) out in overtime, we were able to set up our defence,” Mavs centre Tyson Chandler said. “He’s a load, one of the premier players in the league.”

Chandler had 16 points and 17 rebounds, Dirk Nowitzki scored 15 points and Chandler Parsons finished with 13 for Dallas, who rallied from a 24-point deficit to beat the Kings on November 11.

“There were some unfortunate things that happened toward the end of the game in regulation,” Collison said. “But they hit some tough shots down the stretch, Dirk with a three, Rondo with a three, and it put us back a step. We got a little bit stagnant.”

With the game tied at 92, Cousins committed an offensive foul, his sixth, and slowly walked to the Kings bench with 21 seconds left as the Mavericks called timeout. Ellis missed a long jumper with a second left to send the game into overtime.

Dallas haven’t dropped three consecutive games since last March.

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'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)

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.”

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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

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