New Jersey Nets' Tony Battie, left, and Trenton Hassell battle for control of the ball with Oklahoma forward Nick Collison, centre, in East Rutherford.
New Jersey Nets' Tony Battie, left, and Trenton Hassell battle for control of the ball with Oklahoma forward Nick Collison, centre, in East Rutherford.

Suns cut Lakers down to size



The holiday season has not exactly been a joyful one for Phil Jackson, the LA Lakers' coach. He had a dismal Christmas Day when Lakers fans threw foam fingers and water bottles on to the court as his team went down 102-87 to the Cleveland Cavaliers without putting up much of a fight.

On Monday, the Lakers let themselves down again, losing 118-103 to the small but stubborn Phoenix Suns. OK, they had managed to sandwich a scrappy win over the Sacramento Kings, in double overtime, between these two defeats. But Jackson was far from amused with his high-priced help after the loss to the Suns, and he expressed his displeasure tersely after the game. "I wasn't comfortable with my starters or my bench," said Jackson. "I didn't like either group. Guys didn't play right. It was a very irritating night."

The Suns, who had lost to the Lakers by 19 points in November and 20 earlier this month, stood tall on Monday, burying the visitors in a barrage of third-quarter three-pointers. Amare Stoudemire had 26 points, with no play in the game standing out more than his dunk on a drive against Andrew Bynum, which put the Suns ahead 89-73 toward the end of the third quarter. And no statistic stood out more than this one: the Lakers had 13 assists as a team. The Suns' guard Steve Nash had 13 by himself.

Medical reports were as gloomy as the scoreline for Lakers' fans. For starters, Ron Artest did not play in a second consecutive game, staying in Los Angeles because of a concussion and sore elbow, the result of a Christmas night fall in his home. Kobe Bryant wore a black protective sleeve on his right elbow, which he strained Saturday against Sacramento, and got smacked on his right index finger during the first quarter against the Suns. He winced, bent over and grabbed the finger, which is still tender from an avulsion fracture.

Lamar Odom was the latest Lakers player to get hurt when two of his fingers were bent back after making contact with Leandro Barbosa on a pull-up jump shot by the Suns guard early in the second quarter. Odom, who sprained the index and middle fingers on his right hand, went back in the game a few minutes later and finished with nine points on four-for-13 shooting. "Gonna need to ice them," he said after the game, holding out his fingers to show how swollen they were. "If Kobe doesn't miss games because of a broken finger, I'm not going to miss any," he added.

Elsewhere in the NBA, the Memphis Grizzlies secured a dramatic 116-111 victory over the Washington Wizards in overtime. The Grizzlies almost squandered a 10-point lead in the final quarter and needed two free throws from Zach Randolph with less than a second left to force overtime. But they made no mistake in the extra period, outscoring their opponents 14-9 to seal a fourth straight home win.

Gerald Wallace scored 21 points as the Charlotte Bobcats beat the Milwaukee Bucks 94-84, while the Oklahoma City Thunder won a third straight game with a 105-89 victory over the hapless New Jersey Nets, Kevin Durant doing the most damage with 40 points. The Philadelphia 76ers eased to a 104-93 victory over the Portland Trail Blazers thanks to 61 points in the second half. Elton Brand scored 25 points for the 76ers and grabbed nine rebounds.

Carmelo Anthony scored 34 points but his Denver Nuggets went down 106-101 to the Sacramento Kings, and the Golden State Warriors beat the Boston Celtics by 103-99. * With agencies

The 10 Questions
  • Is there a God?
  • How did it all begin?
  • What is inside a black hole?
  • Can we predict the future?
  • Is time travel possible?
  • Will we survive on Earth?
  • Is there other intelligent life in the universe?
  • Should we colonise space?
  • Will artificial intelligence outsmart us?
  • How do we shape the future?
'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

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UAE v Zimbabwe A, 50 over series

Fixtures
Thursday, Nov 9 - 9.30am, ICC Academy, Dubai
Saturday, Nov 11 – 9.30am, ICC Academy, Dubai
Monday, Nov 13 – 2pm, Dubai International Stadium
Thursday, Nov 16 – 2pm, ICC Academy, Dubai
Saturday, Nov 18 – 9.30am, ICC Academy, Dubai

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

If you go

The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.

The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).

When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.

pakistan Test squad

Azhar Ali (capt), Shan Masood, Abid Ali, Imam-ul-Haq, Asad Shafiq, Babar Azam, Fawad Alam, Haris Sohail, Imran Khan, Kashif Bhatti, Mohammad Rizwan (wk), Naseem Shah, Shaheen Shah Afridi, Mohammad Abbas, Yasir Shah, Usman Shinwari

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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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.”