Stephen Curry, left, of the Golden State Warriors tangles with Corey Brewer of the Houston Rockets in the fourth quarter during Game 5 of the Western Conference Finals on May 27, 2015 in Oakland, California. Ezra Shaw/Getty Images
Stephen Curry, left, of the Golden State Warriors tangles with Corey Brewer of the Houston Rockets in the fourth quarter during Game 5 of the Western Conference Finals on May 27, 2015 in Oakland, California. Ezra Shaw/Getty Images
Stephen Curry, left, of the Golden State Warriors tangles with Corey Brewer of the Houston Rockets in the fourth quarter during Game 5 of the Western Conference Finals on May 27, 2015 in Oakland, California. Ezra Shaw/Getty Images
Stephen Curry, left, of the Golden State Warriors tangles with Corey Brewer of the Houston Rockets in the fourth quarter during Game 5 of the Western Conference Finals on May 27, 2015 in Oakland, Cali

NBA Finals between Warriors and Cavaliers could use some competitive fire after drama-less post-season


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Last year, the NBA post-season was mostly riveting before it was capped by the San Antonio Spurs’ five-game rout of the Miami Heat in the NBA finals.

If fans are lucky, the Cleveland Cavaliers and Golden State Warriors will be able to reverse that form this season.

In the middle of the 2014/15 season, it was felt, pretty ubiquitously it seemed, like the NBA was headed for a rollicking play-offs.

The Western and Eastern conferences were not equal, but it was thought that the play-offs within each conference would be tight.

It has not worked out that way.

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Only two series have gone the seven-game distance, compared to five last year, but even that number would be misleading to the overall competitiveness in these match-ups.

In the East, four of the seven pairings have gone at least six games, but in three of those (Brooklyn-Atlanta, Milwaukee-Chicago and Chicago-Cleveland) the bark of the underdogs was felt more than their bite.

In the West there have been two exciting series, only one characterised by great basketball. The Clippers’ collapse from a 3-1 lead to let the Rockets into the Western Conference finals was memorable, no doubt, but Los Angeles blew out Houston in three of the first four before James Harden and co returned the favour with three romps in succession to win the series.

Only the first-round match-up between the Clippers and San Antonio Spurs consistently provided a worthy showcase for basketball.

Some teams do deserve credit. The Washington Wizards had a 2-1 lead on the Atlanta Hawks in the Eastern Conference semi-finals and were unlucky to lose three pretty close contests thereafter. The Memphis Grizzlies put the Warriors on edge with a 2-1 lead in the Western Conference semi-finals before Golden State cracked their strategy and won the next three games.

But the finals participants tell the story well enough on their own. The Warriors have only lost three games to get to this point, the Cavaliers two. The respective conference finals were a 4-0 mismatch and a 4-1 affair that could have been more.

“Could have been more” could be the theme of the entire post-season.

The roster of high-profile players playing at less than 100 per cent or out injured has been a big one. Portland’s Wes Matthews, Cleveland’s Kevin Love and Kyrie Irving, Memphis’s Mike Conley, Los Angeles’s Chris Paul, Washington’s John Wall and Atlanta’s Kyle Korver all missed at least some game-time this post-season.

And those are just the stars. The Rockets were without two important role players, Donatas Motiejunas and Patrick Beverley. Others, like Al Horford, Pau Gasol and Joakim Noah played despite being less than healthy.

Teams have been sapped and often pitted against healthier clubs. That is, in a kind of literal sense, just the luck of the draw.

The bright side is that last year’s stirring post-season gave way to a decidedly one-sided finals. Cleveland and Golden State have one last chance to salvage some great basketball out of the 2015 post-season.

jraymond@thenational.ae

Follow us on Twitter @NatSportUAE

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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.”

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Results

Stage three:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-43

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Tom Dumoulin (NED) Jumbo-Visma, at 14s

4. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

5. Joao Almeida (POR) UAE-Team Emirates, at 22s

6. Mikkel Bjerg (DEN) UAE-Team Emirates, at 24s

General Classification:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-13-02

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Jasper Philipsen (BEL) Alpecin Fenix, at 12s

4. Tom Dumoulin (NED) Jumbo-Visma, at 14s

5. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

6. Joao Almeida (POR) UAE-Team Emirates, at 22s

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

All or Nothing

Amazon Prime

Four stars

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

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BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

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