Tampa Bay's Roloson shuts out Philadelphia Flyers



ST PETERSBURG, FLORIDA // Dwayne Roloson, the veteran goaltender, delivered his fourth shut-out since joining Tampa Bay on January 1 as the Lightning blanked the Philadelphia Flyers 4-0 in a battle of the two top teams in the Eastern Conference.

The 41-year-old, who was acquired by Tampa Bay in a trade with the New York Islanders, has made a huge impact in just 11 starts for his new team.

"I'm fortunate enough to be making the best of an opportunity," Roloson said. "They have a great core offensively and defensively and they're allowing me to see pucks. It's a lot of fun to play behind them, that's for sure."

Teddy Purcell scored twice in the first 90 seconds and Steve Downie made it 3-0 at 14:24 of the first period as the Lightning recorded their sixth successive win.

Steven Stamkos, the league's goals and points leader, netted his 39th goal of the season to cap the scoring as Tampa Bay beat Philadelphia for the third time in as many meetings this season.

The Lightning (32-15-5) extended their lead in the South-east division to five points over the Washington Capitals, and closed the gap on Eastern Conference-leading Philadelphia (33-13-5) to two points.

Philadelphia goaltender Sergei Bobrovsky allowed three goals on six shots before being replaced by Brian Boucher.

The Flyers reached the Stanley Cup finals last season while Tampa Bay have missed the play-offs for the last three years.

"It's big coming off the break. We didn't know what to expect but we came out fresh," said Purcell. "We got off to a big lead and rode it the rest of game."

Elsewhere, Mikael Samuelsson and Christian Ehrhoff scored power-play goals, helping the Vancouver Canucks down the Dallas Stars 4-1.

Ryan Kesler and Alex Burrows also found the back of the net for the Canucks, who recorded their third straight victory and moved into sole possession of first place overall in the NHL.

In Washington, Brian Gionta scored two second-period goals and then again in the shoot-out, powering the Montreal Canadiens past the Washington Capitals 3-2 after a shoot-out.

The Boston Bruins defeated the Carolina Hurricanes 3-2. Rene Bourque scored the only goal in a shoot-out as the Calgary Flames beat the Nashville Predators 3-2.

Pierre-Marc Bouchard scored the winning goal in the shoot-out after a scoreless game between the Minnesota Wild and the Los Angeles Kings.

There were goals aplenty in Columbus though, with the Chicago Blackhawks defeating the Blue Jackets 7-4. The Pittsburgh Penguins defeated the New York Rangers 4-3 after a shoot-out. The Tornoto Maple Leafs beat the Florida Panthers by the same score.

The New Jersey Devils beat the Ottawa Senators 2-1 and the New York Islanders beat the Atlanta Thrashers 4-1.

In San Jose, Patrick Marleau scored a short-handed goal with 6:05 remaining to cap the San Jose Shark's comeback from a three-goal deficit to beat the Phoenix Coyotes 5-3.

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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Install an air filter in your home.

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Stay indoors when conditions are particularly poor.

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