Utah Jazz guard Donovan Mitchell. USA Today
Utah Jazz guard Donovan Mitchell. USA Today
Utah Jazz guard Donovan Mitchell. USA Today
Utah Jazz guard Donovan Mitchell. USA Today

NBA roundup: Jazz first to 40 wins as Donovan Mitchell matches Hall of Famer Karl Malone


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Donovan Mitchell scored 42 points and the Utah Jazz became the first team in the NBA to reach the 40-win mark with a 128-112 victory Saturday night over the Sacramento Kings in Salt Lake City.

Mike Conley added 26 points and Joe Ingles contributed 20 off the bench, with both players sinking five 3-pointers, to help the Jazz overcome a double-digit deficit en route to a rout of the Kings.

It was Utah's 24th straight win at home and the team's 11th win in 13 games.

Mitchell became the first Jazz player since Hall of Famer Karl Malone to score 35 points in three consecutive games.

De'Aaron Fox scored 30 and Richaun Holmes poured in 25 points for Sacramento, but the Kings couldn't hold on to an early 11-point lead.

Warriors 125, Rockets 109

Stephen Curry poured in a game-high 38 points to move within 18 of Wilt Chamberlain's career franchise record, lifting Golden State to a victory over visiting Houston.

Andrew Wiggins chipped in with 25 points and Jordan Poole 21 off the bench for the Warriors. Curry increased his career point total to 17,765, putting him in a position to possibly catch and pass Chamberlain (17,783) as early as Golden State's next game, which is Monday at home against Denver.

John Wall, who sat out Friday's 126-109 road loss to the Los Angeles Clippers, returned to pace the Rockets with 30 points.

Suns 134, Wizards 106

Devin Booker's 27 points, double-doubles from both Chris Paul and Deandre Ayton, and a dominant third quarter powered Phoenix to a rout of visiting Washington.

Washington played without NBA-leading scorer Bradley Beal, who is sidelined by back soreness. Paul scored 13 points and dished 10 assists, Ayton shot 7-of-10 from the floor for 14 points and grabbed 10 rebounds, and all five Phoenix starters scored in double-figures.

Just three Wizards scored in double-figures. Russell Westbrook recorded his 22nd triple-double of the season with 17 points, 14 assists and 11 rebounds, but shot 0-of-4 from long range and 6-of-17 from the floor overall.

Lakers 126, Nets 101

The energetic Lakers used ball pressure, sticky defense and good perimeter shooting to run past Brooklyn on the road. Los Angeles corralled one steal and posted four blocks, forcing 19 Brooklyn turnovers while converting those into 25 points.

In his second game back from a hamstring injury, Kevin Durant led the Nets with 22 points, seven rebounds and five assists in 24 minutes. LaMarcus Aldridge added 12 points.

Point guard Dennis Schroder carried the short-handed Lakers early, scoring all 19 points in the first half. Even an injured tailbone suffered while taking a charge on a baseline drive by Brooklyn's Blake Griffin could not slow Schroder, who remained in the game.

Raptors 135, Cavaliers 115

Gary Trent Jr. scored 25 of his career-high 44 points in the first half to lift visiting Toronto to a victory over Cleveland.

Trent made 17 of 19 shots from the floor -- including 7 of 9 from 3-point range -- to pace the Raptors. Malachi Flynn finished with 20 points for the Raptors, who erupted for 47 points in the opening quarter after making 17 of 20 shots from the floor (franchise-best 85.0 percent). Toronto didn't take its foot off the gas and set a franchise record for points in a half at 87.

Collin Sexton scored 29 points, Darius Garland had 19 and Kevin Love added 18 for the Cavaliers, who saw their modest two-game winning streak come to a halt.

Blazers 118, Pistons 103

Enes Kanter set a franchise record with an NBA season-best 30 rebounds and also scored 24 points to lead Portland to a victory over visiting Detroit.

Damian Lillard recorded 27 points and 10 rebounds, and CJ McCollum scored 26 points for the Trail Blazers. Carmelo Anthony and Nassir Little added 11 points apiece.

Josh Jackson matched his career high of five 3-pointers while scoring 21 points for the Pistons, who played without leading scorer Jerami Grant (knee) for the second straight game.

76ers 117, Thunder 93

Joel Embiid scored 27 points to lead Philadelphia to a road win over Oklahoma City.

It was Embiid's first time playing both ends of a back-to-back since returning from missing 10 games due to a knee injury. Three Philadelphia starters -- Embiid, Ben Simmons and Furkan Korkmaz -- scored 10 points each in the opening quarter as the 76ers jumped out to a 37-25 lead.

Philadelphia dominated inside early, with 18 points in the paint while shooting 13 of 16 inside the 3-point line in the first quarter.

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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