Pacers 101, Hawks 85 (Series tied 1-1)
When the Indiana Pacers needed a lift. Paul George stepped up. All over the court, over and over again.
George had 27 points, 10 rebounds and six assists, and the Pacers used a big second-half run to rally for a 101-85 victory over the Atlanta Hawks on Tuesday night in Game 2 of their first-round play-off series.
George Hill scored each of his 15 points in the second half, helping top-seeded Indiana earn a split of the first two post-season games at home. George also had four steals and blocked a shot while helping keep Hawks point guard Jeff Teague in check.
“That’s why he was in the MVP conversation early,” Pacers coach Frank Vogel said. “He always does those types of things, guarding the best perimeter player, rebounding the ball, deflecting the ball. His hands were all over the place. It makes him one of the most complete players in the game when he plays like he did tonight.”
The Pacers sure needed it.
For seven weeks, Indiana heard everyone question their fortitude, team chemistry, even whether they were worthy of a No 1 seed. The complaints grew louder after Saturday’s 101-93 loss. George and his teammates spent the next 72 hours seeking solutions and defiantly insisting they would be OK.
On Tuesday, they finally reverted to their early season from.
Indiana limited the Hawks to 33 second-half points and dominated the third quarter. Next up is Game 3 on Thursday in Atlanta, where the Pacers have only two wins since December 2006 – though one of those closed out last year’s first-round play-off series in six games.
“We want to build on what we’ve got going,” Indiana forward David West said. “We want to continue to be aggressive. We know they’re going to play better at home, but we’re going down there to get back in charge of this series.”
George was 9-for-16 from the field, including a 5-for-7 performance from 3-point range. He also went 4-for-4 at the line.
Perhaps more importantly, he managed to contain Teague after he burned Indiana for 28 points in Game 1. George wanted the responsibility of guarding Teague, who had seven points in the first quarter and seven more for the rest of the game.
“I sat down and it was homework for me, just locking into his tendencies and figuring out where I will get beat or where I’m vulnerable against him,” George said. “It’s a challenge.
“If that’s what it took for everyone to understand how close this team is, that’s what it was. We’ve got each other’s back and that’s what it felt like.”
Wizards 101, Bulls 99 (OT, Wizards lead series 2-0)
Bradley Beal came on strong late in regulation to finish with 26 points, Nene scored six of his 17 in overtime and the Washington Wizards beat the Chicago Bulls 101-99 on Tuesday to take a 2-0 lead in their first-round series.
Washington rallied from 10 down in the fourth quarter after blowing a 17-point first-quarter lead.
Nene scored the first six points in overtime after being held in check by Defensive Player of the Year Joakim Noah in regulation, and the Wizards hung on after Kirk Hinrich failed to convert at the foul line in the closing seconds.
Noah had just hit two free throws when Beal missed a jumper with 18 seconds left. Jimmy Butler got the rebound and Chicago called time.
Hinrich, a 76-per cent free throw shooter this season, had a chance to tie it after getting fouled by Nene on a drive with 2.4 seconds left. But his first attempt hit the rim. He deliberately missed the second, and Trevor Ariza grabbed the rebound to seal the win for Washington.
DJ Augustin led Chicago with 25 points. Taj Gibson had 22 points and 10 rebounds. Noah added 20 points and 12 boards, but the Bulls will have to dig themselves out of a huge hole after dropping two at home.
John Wall had 16 points and seven assists for Washington.
Raptors 100, Nets 95 (Series tied 1-1)
DeMar DeRozan put his play-off jitters aside and turned in an All-Star performance for the Toronto Raptors.
DeRozan scored 30 points, Jonas Valanciunas had 15 points and 14 rebounds and the Raptors beat the Brooklyn Nets 100-95 on Tuesday night, evening their first-round play-off series at one game apiece.
A first-time All-Star this season, DeRozan struggled in his post-season debut on Saturday. He went 3-for-13 from the field and scored 14 points in Toronto’s 94-87 loss.
On Tuesday, DeRozan eclipsed that total in the fourth quarter alone, scoring 17 of Toronto’s 36 points.
“We knew he was going to bounce back from the first game,” Brooklyn’s Deron Williams said. “He took over the game, hit some crucial shots, some tough shots. We’ve got to do a better job of stopping him, especially late.”
DeRozan made 9-of-21 shots and went 12-for-14 at the free-throw line, hitting 9-of-11 attempts in the final quarter.
“He bounced back, refocused,” Raptors coach Dwane Casey said. “Making those free throws down the stretch was huge. For him to come through after a tough first game and everyone doubting him, I was really happy with that.”
So was Raptors guard Kyle Lowry.
“Tonight he showed what he can do,” Lowry said of DeRozan. “He did an unbelievable job of attacking, being aggressive.”
Amir Johnson scored 16 points and Lowry had 14 for the Raptors, who outrebounded the Nets 52-30. It was Valanciunas’ second straight play-off double-double.
“There was no way we were going to lose that game,” Amir Johnson said. “It was a must-win for us.”
Joe Johnson scored 18 points, Williams had 15 and Mirza Teletovic 14 for the Nets, who will host Game 3 on Friday night.
“There’s a lot of positive things that we’ve done in these first two games,” Nets coach Jason Kidd said. “Now we’ve got to go home and protect home.”
Hampered by foul trouble throughout the game, Brooklyn’s Paul Pierce went 2-for-11 from the field, including 0-for-6 from three-point range. He finished with seven points.
Pierce was upset that the Nets failed to take a 2-0 stranglehold on the series.
“We had them on the ropes,” Pierce said. “Definitely.”
Kevin Garnett scored 13 points and Shaun Livingston had 12 for the Nets, who led 66-64 heading into the fourth and couldn’t take advantage of 21 Toronto turnovers.
“They did a better job of executing and we just couldn’t stop them,” Williams said.
“It’s everything you dream about, especially when you become a professional athlete, to be at the highest level and have the trust of your coaching staff and your teammates to have the ball in your hands and win a game for them,” DeRozan said. “That’s big.”
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PROFILE BOX
Company name: Overwrite.ai
Founder: Ayman Alashkar
Started: Established in 2020
Based: Dubai International Financial Centre, Dubai
Sector: PropTech
Initial investment: Self-funded by founder
Funding stage: Seed funding, in talks with angel investors
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
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Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
More coverage from the Future Forum
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
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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.”
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
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Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid