As the NHL play-offs reach the conference finals stages, here are some predictions on who to expect to reach the Stanley Cup finals next month.
Eastern Conference
The Tampa Bay Lightning are the wild card of the NHL conference finals.
They have had the easiest path of any of the four surviving teams, having faced the Detroit Red Wings, who barely qualified for the post-season, and then the New York Islanders, who were missing their best goaltender.
On the other hand Tampa dispatched those opponents in only five games apiece. No other team has been as quick with its kills.
Tampa Bay have got this far despite the absence of their No 2 defenceman Anton Stralman with a fractured left leg, but he returned for his first full practice on Tuesday.
The biggest variable of all is their superstar sniper Steven Stamkos, out since April because of a blood clot, and who has participated only in non-contact drills.
With all these question marks Tampa opem the Eastern Conference final at the Pittsburgh Penguins on Friday night.
The Penguins are fast and confident. A squad that appeared disjointed at the start of the season have been invigorated by the appointment of Mike Sullivan as coach in December, by mid-season trade acquisitions – Trevor Daley from the Chicago Blackhawks, the super-speedy Carl Hagelin from the Anaheim Ducks – and by a passel of hard-working call-ups from the minors – Tom Kuhnhackl, Bryan Rust and most of all Matt Murray.
If Tampa are the wild card of the play-offs, then Murray is the sudden sensation.
He started the season with the farm club and was called up only because the regular goalie, Marc-Andre Fleury, was concussed.
When the fill-in Jeff Zatkoff faltered, the Penguins anointed Murray and have never looked back.
This is a kid who plays like a veteran. He does not waste energy, and uses his positioning to let the puck hit him.
In the second round the Washington Capitals tried going high on his glove side and had some early success, but then he shut that down.
Let us presume that Murray continues to play well, that Stralman returns early in the series and that Stamkos returns late if at all.
What then might be the pivotal difference?
It could come on defence. Tampa’s Victor Hedman is, through two rounds of the play-offs, a front-runner for the post-season’s most valuable player award.
Hedman shut down the New York Islanders superstar John Tavares in the second round (although Tavares did have bad luck with goalposts).
Hedman does what the best defencemen do: he controls the flow of the game. Had Tampa toppled Chicago in last year’s Cup final, he would have been MVP.
In their regular season matchups Tampa swept Pittsburgh (a 5-4 win in overtime on Jan 15, then 6-3 on Feb 5 and 4-2 on Feb 20). The missing men were pivotal: in those three matches Stralman scored four of his nine regular-season goals while Stamkos had two goals and three assists.
Prediction: Tampa in seven
Western Conference
In the western conference the San Jose Sharks meet the St Louis Blues, starting Sunday.
Here we have two teams that, after a period as play-off underachievers, are each coming off a decisive Game 7 win to seal a second-round series.
While St Louis is full value, and their rookie Robby Fabbri has been a revelation, San Jose have the deepest roster of any team still in the play-offs.
It always seems like their best guys are on the ice, no matter which guys they have on the ice.
And if Tampa’s Hedman is front-runner for first star of the playoffs, then San Jose’s Brent Burns is his running mate.
Burns is tied for the post-season scoring lead with 15 points. His shots from the point are a terror for opposing goalies, especially on the power play. St Louis has no defender of Burns’s calibre.
Note that both St Louis and San Jose acquired some grit from the now-eliminated Washington Capitals in the off-season: Troy Brouwer for St Louis, Joel Ward for San Jose.
In the regular season the San Jose won two of three against St Louis (3-1 on February 4, 6-3 with four points by Joe Thornton on February 22, and then a 1-0 loss on March 22).
Right now San Jose deserve to be ranked as favourites to win the Cup.
Prediction: San Jose in four
Picks update
After my picks went 5-3 in the first round, I was 3-1 with my second round selections, having underestimated Pittsburgh (again).
Before the play-offs began my prediction for the Cup final was Washington over San Jose in six, but that is dead in the water. So I will switch to San Jose over Tampa in six.
Second-round results
Halfway through the play-offs there has yet to be a sweep, the regular season’s division winners are all out, and none of the four remaining teams has won the Cup in this decade.
The Tampa Bay Lightning defeated the New York Islanders in five games. The series was closer than the outcome indicates; Isles twice held third-period leads only to lose in overtime.
The Pittsburgh Penguins upset the Cup-favourite Washington Capitals in six games. Washington star goalie Braden Holtby was ordinary and star defender Brooks Orpik was suspended three games for a headshot that knocked out Pittsburgh’s Olli Maatta.
The St Louis Blues upset the Dallas Stars in seven games. In the deciding game, St Louis deployed skill and desire to beat Dallas 34-5 in blocked shots and 6-1 in goals.
The San Jose Sharks defeated the Nashville Predators in seven games. San Jose pulverised Nashville 5-0 in Game 7 on Thursday night – shots were 23-8 in favour of San Jose after two periods.
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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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.”
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