IPE Conference: Alternatives now form core of some investor portfolios

first_imgAlternative investments – a term which can include asset classes ranging from infrastructure to hedge funds – should be redefined because of their growing importance at the core of many asset owners portfolios, delegates at IPE’s annual conference heard.Speaking on a panel session discussing the future of alternatives at the Prague event, Mats Langensjö, founder and senior adviser at M. Langensjö & Company, said that for many investors such assets were “not an alternative, but [at] the core, the most important part of the portfolio”.Langensjö said that 20 years ago, he had described alternative investments to students at Stockholm University as everything that wasn’t bonds or equities. Since then, the concept had gradually evolved, he said, and everyone now defined alternatives in different ways.“It’s everything from hedge funds to land, and some even involves real estate,” said Langensjö, who has been a key figure behind the shaping of Sweden’s national pension buffer funds over the years. Joseph McDonnell, Morgan Stanley Investment ManagementFellow panellist Joseph McDonnell, EMEA head of portfolio solutions and senior portfolio manager at Morgan Stanley Investment Management, told the IPE conference that after the long bull market in equities, a lot of investors were now considering more significant allocations to alternatives.“The problem you have is that not all alternative markets are in great shape,” he said. “The liquidity premium you get on private equity was not what it was four or five years ago in terms of future commitments, and we need to think about that.”He added: “If you want to make money in the private equity space, you need to move down to the small-cap space.”Looking at the private equity sector, he said there was also a lot of cash in funds still waiting to be deployed, which was not good for investors. McDonnell said there was also too much capital going into private credit.On hedge funds, he said that the trend for investors to disaggregate how these funds made their money would continue, aided by analysis tools available to pension funds. Partly as a result of this, alternative risk premia strategies “should be a growth area in the next few years, just like smart beta”, McDonnell said.Langensjö said scale was important in alternatives “just to be able to diversify and have different allocations to different things, and to justify having the staff and the resources needed to do those very complicated deals in infrastructure”.However, McDonnell said it was possible for smaller pension funds to get alternatives exposure, as a lot of such funds with well-defined diversified strategies were investing in these assets.“A lot of them are partnering with fiduciary asset managers and consultants. I think you can have a nucleus internal team of, say, two or three people, and build a portfolio that’s quite robust in terms of time and thinking, and include about seven or eight complementary alternative strategies,” McDonnell said. Mats Langensjölast_img read more

This home will have you climbing the walls

first_img The owners got Smith Architects to overhaul the 1980s house.The home at 22 Ellesmere Street, Yeronga, in Brisbane, sits on a 405sq m block and has three bedrooms, two bathrooms and a double garage. But this is not your average suburban home, with the property having its own in-built adventure.Agent Jane Elvin of LJ Hooker Annerley-Yeronga listed the property as “one of a kind”.Smith Architects designed the extension and renovation of the property four years ago, describing it on their site as “adventurous living”. The climbing wall embraces the owners’ love of mountaineering.“A client with a love of mountain sports and a growing family formed the foundation for this adventurous transformation and extension,” Smith Architects said of the home.“The trust the client had in our design process allowed us to experiment with an internal climbing wall and a complete reorientation of the house which closely reflected their priorities.”“The entry sequence through a series of contrasting enclosed and open space take guests on a unique journey before arriving at the rear private living spaces.”Ms Elvin said “adventurous this home certainly is” with the climbing wall feature in the family zone. Concrete floors keep the home low maintenance.“If a love of climbing is not your style, don’t let that stop you from inspecting as the climbing wall could be removed to create a double height living room that will blend beautifully with the rest of the home.”But she said “the little kids and big kids can enjoy the climbing wall still feeling connected to the home and outdoor activities”.More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours ago Stunning use of wood and glass to bring the outdoors in.“This wall as mentioned can be removed which will enlarge this room, or you can leave as a feature as it is sure to be a focal point and a larger than life art piece on the wall.”She said the home would suit young couples, established families and downsizers alike.“It is certainly something special with or without the climbing wall. Not only a stunning home, but located in a highly sought after, prestige residential street of Yeronga with a North South aspect.”The price guide for the property is around $1m with the home to be sold by negotiation. Yeronga is just 5km from the Brisbane CBD. MORE COURIER-MAIL REAL ESTATE NEWS MORE NEWS Darius and Kayla Boyd’s amazing new home revealed Room to run and play at the back too. The most viewed homes in Queenslandcenter_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:06Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:06 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenYou’ll be climbing the walls in this home01:06If you think lockdown is tough, this Queensland home will have you climbing the walls – literally – except it’s lots of fun. Bizarre bubble house in Brisbane gaining global attentionlast_img read more

Honorary starters bring tradition of service, love of racing to flagstand at Boone

first_imgBOONE, Iowa – The three honorary starters for last-chance Modified features have varying backgrounds in the military but share a passion for dirt racing in general and IMCA racing in particular.John Wailes of Fort Dodge, Trevor Baker of Omaha, Neb., and Mark Berglund of Clarksville will all wave the green flag on Saturday, Sept. 9 during the IMCA Speedway Motors Super Nationals fueled by Casey’s.Wailes, nominated by Curtis Lee of Hope For The Warriors, has served 15 years in the armed forces and currently serves with the Army Reserves. He deployed to Iraq in support of Operaton New Dawn in 2011.Baker, an IMCA Modified driver, has served for 12 years in the Nebraska Army National Guard. Baker and his mother Carrie were deployed together to Afghanistan during the Enduring Freedom campaign. Nominated by his mother, Baker’s father and two brothers have also served or are currently serving our country.Berglund served on five different ships and 20 different countries during his 20-year career in the U.S. Navy. Nominated by IMCA Modified driver Troy Cordes, he began attending Super Nationals in 1999 and hasn’t missed the event since.All three honorary starters will assist with the Saturday afternoon, Sept. 9 check presentation to Hope For the Warriors.Ankeny-based Casey’s General Stores, the presentation sponsor for Super Nationals, donates $10 for each heat race won by a Modified, Late Model, Stock Car, Hobby Stock, Northern SportMod, Southern SportMod or Sport Compact driver displaying a Casey’s decal between Sept. 4 and Sept. 8.IMCA will match that amount.Depending on the number of heat races held, Casey’s and IMCA officials will present a check to Hope For The Warri­ors President and CEO Robin Kelleher in front of the flagstand during a break in the Saturday race program.Hope For The Warriors is a national nonprofit organization founded in 2006 that assists post-9/11 service members, their families, and families of the fallen who have sustained physical and psychologi­cal wounds in the line of duty.The official convenience store of IMCA, Casey’s has supported Hope For The Warriors with previ­ous fundraisers, including donations at Super Nationals every year since 2013.“The honorary starter program is a way to highlight the contributions and sacrifices some of our loyal race fans and drivers have provided our country,” said IMCA Marketing Director Kevin Yoder. “We could not be prouder to partner with Casey’s General Store and Hope For The Warriors to recognize these individuals.”last_img read more

Epstein appears in court, tentative trial date set for 2020

first_imgA tentative trial date is being set in the federal case against convicted sex offender Jeffrey Epstein.Epstein appeared in a Lower Manhattan courtroom Wednesday morning wearing a blue prison jumpsuit and brown undershirt, and sat attentively with his hands folded in front of his face.Despite having been placed on suicide watch less than a week ago after being found with neck injuries inside his cell, there were no apparent signs of injury when he entered court.Both sides will meet for oral arguments in October, and as of now the trial will begin on June 8th, 2020.Epstein faces new charges of sex trafficking involving the alleged abuse of underage girls, some as young as 14.The financier with ties to West Palm Beach is being held without bail after being deemed a flight risk.last_img

Tulsa, USF meet in conference play

first_imgFor more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 February 13, 2020 Tulsa, USF meet in conference play Associated Press center_img SQUAD LEADERS: The Golden Hurricane have been led by Brandon Rachal and Martins Igbanu. Rachal has averaged 12.7 points and six rebounds while Igbanu has recorded 13 points and 4.8 rebounds per game. The Bulls have been led by Laquincy Rideau and David Collins, who are averaging 12.8 and 13.4 points, respectively.CLAMPING DOWN: The Golden Hurricane have allowed only 60 points per game across 11 conference games, an improvement from the 68.2 per game they allowed in non-conference play.BRILLIANT BRANDON: Rachal has connected on 25 percent of the 48 3-pointers he’s attempted. He’s also made 79.8 percent of his free throws this season.ACCOUNTING FOR ASSISTS: The Golden Hurricane have recently used assists to create buckets more often than the Bulls. South Florida has an assist on 24 of 59 field goals (40.7 percent) over its previous three outings while Tulsa has assists on 36 of 67 field goals (53.7 percent) during its past three games.TOUGH DEFENSE: South Florida has held opposing teams to 61.7 points per game, the lowest figure among all AAC teams.___ Share This StoryFacebookTwitteremailPrintLinkedinRedditTulsa (16-8, 8-3) vs. South Florida (11-13, 4-7)Yuengling Center, Tampa, Florida; Saturday, 12 p.m. ESTBOTTOM LINE: AAC foes meet as Tulsa matches up against South Florida. Tulsa took care of East Carolina by 14 in its last outing. South Florida lost 62-58 to Houston in its most recent game.last_img read more

Forde ‘worried’ about local COVID-19 restrictions impact on 2022 World Cup qualifiers preparations

first_imgBy Rawle ToneyWITH just one month to go before Guyana kick off their 2022 Qatar World Cup qualifiers against Trinidad and Tobago, president of the Guyana Football Federation (CFF), Wayne Forde is worried that current guidelines set by the National COVID-19 Task Force will be a bugbear for the country’s preparation plans.Forde, appearing on NCN’s Guyana Today show yesterday, said while football in some parts of the world has returned under strict protocols by FIFA and the respective health officials, locally it’s a contrasting story.“Absolutely nothing is taking place because nothing can take place until such time that we have the approval and the guidance and protocols from the Ministry of Health and COVID-19 Task Force,” Forde said during an appearance on NCN’s Guyana Today TV show yesterday.Golden Jaguars were drawn in Group F in the CONCACAF zone of the 2022 Qatar World Cup Qualifier, alongside Trinidad and Tobago, St Kitts and Nevis, Puerto Rico and The Bahamas.GFF president Wayne FordeAccording to CONCACAF’s schedule for their leg of the 2022 Qatar World Cup qualifiers, Golden Jaguars are set to travel to Trinidad and Tobago on October 8, where they will kick-off their campaign against the Soca Warriors.Following their game in the Twin Island Republic, Guyana will return home to play The Bahamas on Tuesday, October 13.On November 13, Guyana will travel to St Kitts & Nevis for their third game then host Puerto Rico on November 17.However, while most of the Jaguars’ overseas-based players have returned to action in their respective leagues, local football has been at a standstill since the pandemic in March, or, as ib the case of the GFF Elite League, since March of 2019.According to Forde, the situation puts his federation at a bothersome position, adding that they will have to engage the National COVID-19 Task Force on how they can proceed, while still observing all protocols.Forde noted that both the game’s global body, FIFA and CONCACAF are closely monitoring the situation for the participating countries, while revealing that GFF has been providing “constant update to them, so I’m sure in a matter of days we’ll be formerly notified by the decisions of FIFA and CONCACAF that will help to mitigate what we anticipate will be a real problem, if we’re unable to prepare properly.”In a recent report in Chronicle Sport, Marcio Máximo, Golden Jaguars head coach related that he has been meeting virtually with members of GFF’s technical department, pointing out that along with coach Wilson Toledo and once Government gives the approval for sporting activities to resume, the local staff will immediately start the training.Guyana’s best performance at a FIFA World Cup qualifier tournament came in the run-up to the 2014 edition, where the Golden Jaguars had reached the penultimate round of the CONCACAF Zone.last_img read more

Felix Pena loses duel with reigning Cy Young winner Corey Kluber as Angels fall to Indians

first_img Angels offense breaks out to split doubleheader with Astros Angels’ poor pitching spoils an Albert Pujols milestone Jose Suarez’s rocky start sinks Angels in loss to Astros Over the next four innings, he did not allow a hit and he only walked one. In those innings he threw 47 pitches and 30 were strikes.“Once he found the zone,” Manager Mike Scioscia said, “he matched Corey, pitch for pitch.”Facing a Cleveland lineup that included two MVP candidates — José Ramírez and Francisco Lindor — among the seven left-handed swingers, Peña did not allow a hit in the first five innings.As he took the mound in the sixth, the video board at Progressive Field showed Peña with the caption: “Currently throwing a no-hitter.”If they were trying to get in Peña’s head, it didn’t work.“My plan is never to look up at the scoreboard,” Peña said.No more playful attempts to jinx Peña would be necessary. Five pitches later, Peña gave up a homer to Leonys Martín. Lindor then doubled and scored on a Michael Brantley single. Peña retired Ramírez before his night ended with a career-high 86 pitches.At that point, though, too much damage had already been done. Kluber retired all nine Angels hitters in the final three innings, his second complete game of the year.Their only real shot at a rally was in the third, when Eric Young Jr. doubled and Kole Calhoun walked. Justin Upton hit a flyout and Shohei Ohtani grounded out.“Corey is tough,” Scioscia said. “We had some chances early, but he does so many things with the ball. We hit a couple of balls hard, had guys on, couldn’t get that hit to get us on top. He pitched a great game obviously.” Angels’ Shohei Ohtani spending downtime working in outfield “It doesn’t really matter if it was a good game or a bad game,” Peña said through an interpreter. “The primary idea is to win. That’s what I strive for.”A 28-year-old forced into the Angels rotation because of injuries, Peña had posted a 2.73 ERA in his first six starts. The last time, though, against the Seattle Mariners, he got only one out and gave up seven runs.Related Articlescenter_img Newsroom GuidelinesNews TipsContact UsReport an Error With a chance to show if that was an aberration or the beginning of the end for the converted reliever, Peña threw 12 balls in his first 18 pitches against the Indians.He managed to escape that potentially troublesome first inning with two walks, thanks to catcher Francisco Arcia throwing out Francisco Lindor trying to steal.Peña said he tweaked his mechanics after that, aligning himself more with the plate, and it showed. PreviousLos Angeles Angels’ Mike Trout stands in the dugout during the third inning of a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. Trout’s right wrist is still sore and the Angels will not risk him making it any worse. (AP Photo/Tony Dejak)Los Angeles Angels’ Albert Pujols hits a single off Cleveland Indians starting pitcher Corey Kluber in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels’ Shohei Ohtani warms up before a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak) SoundThe gallery will resume insecondsLos Angeles Angels’ Shohei Ohtani flexes his muscles before a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels starting pitcher Felix Pena delivers in the first inning of a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians starting pitcher Corey Kluber delivers in the first inning of a baseball game against the Los Angeles Angels, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians’ Edwin Encarnacion reacts after popping out in the first inning of a baseball game against the Los Angeles Angels, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels starting pitcher Felix Pena delivers in the first inning of a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians starting pitcher Corey Kluber delivers in the first inning of a baseball game against the Los Angeles Angels, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians’ Leonys Martin runs out a ground ball in the third inning of a baseball game against the Los Angeles Angels, Saturday, Aug. 4, 2018, in Cleveland. Martin was out on the play. (AP Photo/Tony Dejak)Cleveland Indians’ Francisco Lindor, left, cannot make the tag as Los Angeles Angels’ Andrelton Simmons slides safely into second base in the fourth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians’ Francisco Lindor throws out Los Angeles Angels’ Justin Upton at first base in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels’ Kole Calhoun throws his helmet after striking out against Cleveland Indians starting pitcher Corey Kluber in the fifth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians’ Leonys Martin reacts after hitting a solo home run off Los Angeles Angels starting pitcher Felix Pena in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels’ Shohei Ohtani watches from the dugout in the sixth inning of a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians’ Leonys Martin watches his ball after hitting a solo home run off Los Angeles Angels starting pitcher Felix Pena in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels’ Shohei Ohtani walks back to the dugout after striking out in the sixth inning of a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians’ Michael Brantley watches his RBI-single off Los Angeles Angels starting pitcher Felix Pena in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels starting pitcher Felix Pena watches a solo home run hit by Cleveland Indians’ Leonys Martin in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Los Angeles Angels’ Shohei Ohtani runs out a ground ball in the third inning of a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)Cleveland Indians’ Francisco Lindor barehands a ball hit by Los Angeles Angels’ Justin Upton in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. Upton was out on the play. (AP Photo/Tony Dejak)Los Angeles Angels’ Mike Trout stands in the dugout during the third inning of a baseball game against the Cleveland Indians, Saturday, Aug. 4, 2018, in Cleveland. Trout’s right wrist is still sore and the Angels will not risk him making it any worse. (AP Photo/Tony Dejak)Los Angeles Angels’ Albert Pujols hits a single off Cleveland Indians starting pitcher Corey Kluber in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)NextShow Caption1 of 21Los Angeles Angels’ Albert Pujols hits a single off Cleveland Indians starting pitcher Corey Kluber in the sixth inning of a baseball game, Saturday, Aug. 4, 2018, in Cleveland. (AP Photo/Tony Dejak)ExpandCLEVELAND — It didn’t matter to Felix Peña that he had made a dramatic improvement from his last outing.The result was the same.One start after he got knocked out in the first, Peña took a no-hitter into the sixth before eventually allowing a couple runs that were all it took for the Angels to lose 3-0 to the Cleveland Indians and Corey Kluber on Saturday night.Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.Peña was able to outduel a two-time Cy Young winner for part of his outing, but Kluber went the distance in a three-hitter against an Angels team playing once again without injured Mike Trout. Angels’ Mike Trout working on his defense, thanks to Twitter last_img read more

Bridge to nowhere: Atlanta spent $23M on pedestrian walkway for Super Bowl that fans couldn’t use

first_imgAtlanta spent millions preparing to host Super Bowl 53, and among the expenditures was one curiosity: a pedestrian bridge that cost as much as $27 million.That is a lot of money for a pedestrian bridge, but Atlanta leaders deemed it necessary to help fans cross a busy street between a transit center and Mercedes-Benz Stadium. One problem: Because of its proximity to the stadium, the bridge was deemed a security risk and was open to only staff and credentialed media before the game, according to the Atlanta Journal-Constitution. It was ready. Unfortunately, few people could use it going to the game. It was opened to fans after the game. Super Bowl 53: What’s next for Patriots?center_img Holy hell. The City of Atlanta spent “at least $23 million and possibly as much as $27 million” on this pedestrian bridge next to Mercedes-Benz Stadium. #GAPol https://t.co/n0o4b7RMgW pic.twitter.com/Q0uG4xMete— 🅑🅔🅝 🅑🅔🅐🅡🅤🅟 (@TheAviationBeat) February 5, 2019Of course, the bridge will be useful for future Falcons games and other big events at the stadium, right? But the city dropped millions to get it built specifically for the Super Bowl. According to the report, the initial cost estimate was for $13 million, but the city spent at least an additional $10 million and possibly up to $14 million more to ensure it would be finished for the big game. Related News Super Bowl 53: What’s next for Rams?last_img read more

Heat’s Erik Spoelstra endorses Lakers’ Luke Walton: ‘He’s the perfect guy to coach that team’

first_imgMIAMI – As expectations ratcheted up once LeBron James signed with the Lakers in July, Luke Walton had at least one comforting thought entering the season:Someone has done it before.No one can appreciate the magnitude of Walton’s challenge better than Erik Spoelstra, who like Walton was starting his third year with the Heat when The Decision in 2010 changed the scope of his job dramatically.Spoelstra and Walton acknowledged they talked in the offseason, with Walton saying the conversation lasted several hours. While Walton preferred to keep most of the details private, but Spoelstra shared at least one thing he told Walton: He thinks he’s the right man for the job. Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Walton’s situation is slightly different than Spoelstra’s but no less affected by drama: Word of an uncomfortable encounter with team president Magic Johnson reinforced the pressures Walton faces trying to whip a formerly rebuilding franchise into a playoff contender.Of course winning big in Miami on Sunday night continued to smooth things over for the Lakers, who improved to 7-2 in their last nine games. In his postgame press conference, Walton didn’t look like he was carrying much weight on his shoulders.“I try not to think that far into the future,” he said. “I’m pretty locked in on what we’re trying to do right now, but he’s, it’s nice having the best player in the world.”Rondo rejoins team in MiamiWhile he wasn’t wearing purple and gold, Rajon Rondo was on the Lakers bench, wearing a light gray suit and a blue wrap around his surgically repaired right hand, fresh off a Thursday procedure.But even unable to play for the next four-to-five weeks, Rondo was expressive. He mocked at smoothing the creases out in Luke Walton’s suit. He helped rebound and pass to Brandon Ingram during the halftime warmup. He gestured with his left about plays and movements while talking with the coaching staff.Oh yes, he talked a lot. And he did, but moreso with players than with coaches.“We made a rule tonight: He’s welcome in the coaches’ huddle but he’s not allowed to talk,” Walton quipped. “And he did pretty good with it. He had some suggestions, but it was really nice having him with the group. He just brings a great energy to our team, being on the bench with the way he talks to all his teammates.” Lakers practice early hoping to answer all questions How athletes protesting the national anthem has evolved over 17 years Lakers, Clippers schedules set for first round of NBA playoffs AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with Packers“He’s the perfect guy to coach that team,” Spoelstra said. “He has purple and gold bleeding from him. He is a Laker. He did a tremendous job with Golden State when he had to take over for Steve [Kerr], and if you look at his whole professional career, all of [it] he has been involved with are teams like this with great expectations, with a lot of pressure and a lot of noise. He doesn’t know any different. I don’t think you can find a better fit than to coach that team.”Coaching James, Dwyane Wade and Chris Bosh, Spoelstra can admit now: For much of that first season, he was trying to stay afloat.Like the Lakers, the 2010-11 Heat started 8-7, and outsiders were questioning if Spoelstra, who came up through the NBA coaching ranks after starting as a video coordinator, had the chops to lead one of the most ambitious super teams ever assembled. Even when the Heat got to the Finals, they were hammered for losing to the Dallas Mavericks.“I was just trying to not screw it up,” he said. “And I was in survival mode. I didn’t want to get in the way, and I found a way to get in the way.”But now in his 11th season, after leading that core to two championships, Spoelstra is as entrenched in Miami as any coach in the NBA.Related Articles Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Inside the ‘Dream Team’: A complete roster & history of USA’s 1992 Olympic men’s basketball team

first_img USA Basketball https://images.daznservices.com/di/library/sporting_news/8a/92/1992-dream-team_xb2e2tgrwjg01i4ct2d44y94o.jpg?t=1041276470&w=500&quality=80 The 1992 United States men’s basketball team is one of the greatest basketball rosters ever assembled.  That is why the legacy of the “Dream Team” — which has been brought to light again with Michael Jordan and Scottie Pippen in ESPN’s “The Last Dance” documentary — still carries on almost 30 years later.   Why was the ‘Dream Team’ formed? Basketball became a sport in the Summer Olympics in 1936, and the United States won gold in seven consecutive Olympics before the Soviet Union upset the U.S. in a controversial 51-50 finish in 1972.  Communist countries used professional players while the United States played amateur players, and Yugoslavia won gold in 1980 and the Soviet Union in 1988. After the United States took bronze in 1988, and in response USA basketball worked with NBA commissioner David Stern to allow professional players to play.  That came at the perfect time, because the NBA was full of legendary players at the time.  Why was it called the ‘Dream Team’?  On Feb. 18, 1991, the Sports Illustrated cover featured five members of the team in Michael Jordan, Magic Johnson, Karl Malone, Charles Barkley and Patrick Ewing with the words “Dream Team” across the front. It’s one of the most iconic covers in the magazine’s history and created excitement for the 1992 Summer Olympics in Barcelona. Living the Dream. This Sports Illustrated cover was signed by six members of the Dream Team (and let’s not forget the Admiral): Charles Barkley, Magic Johnson, Patrick Ewing, David Robinson, Michael Jordan and Karl Malone. pic.twitter.com/aSqDsoIv4C— PSAcard (@PSAcard) March 5, 2019’Dream Team’ roster, 1992 OlympicsThe cover preceded the selection show on Sept. 21, 1991, when the first 10 members of the “Dream Team” were announced.  Here’s the full roster of the 1992 “Dream Team” (in alphabetical order):  Charles Barkley, PF, Phoenix SunsThe 11-time All-Star won NBA MVP honors in 1993 with the Phoenix Suns.  Larry Bird, SF, Boston CelticsThe three-time NBA champion and three-time MVP was 35 years old.  Patrick Ewing, C, New York Knicks  The 7-foot center was a 11-time All-Star with the New York Knicks.  Magic Johnson, PG, Los Angeles LakersJohnson, a five-time NBA champion and three-time MVP, played on the team despite abruptly retiring in 1991 after contracting HIV.  Michael Jordan, SG, Chicago BullsJordan was a six-time NBA champion, five-time MVP and a member of the gold-medal team in 1984.  Karl Malone, PF, Utah Jazz Malone was a 14-time All-Star and two-time MVP who ranks in NBA history in points scored.  Chris Mullin, SF, Golden State  Mullin was a five-time All-Star and won of the best shooters of the 1990s.  Scottie Pippen, SF, Chicago  Pippen was a six-time NBA champion and seven-time All-Star as Jordan’s wingman in Chicago.  David Robinson, C, San Antonio  “The Admiral” was the 1995 NBA MVP and a two-time NBA champion with the Spurs.  John Stockton, PG, Utah  The 10-time All-Star is the NBA’s all-time leader in assists.  The “Dream Team” later added two more players to fill out the roster, including one player from the NCAA:  Clyde Drexler, SG, Portland  Drexler was a 10-time All-Star who later won a NBA championship with Houston in 1995.  Christian Laettner, PF, Duke  The lone college player on the team led Duke to back-to-back national championships in 1991-92.   Foreign players have become a huge part of the game. Yao Ming and Andrea Bargnani have been No. 1 picks, and Dirk Nowitzki and Giannis Antetokounmpo have won the NBA MVP award since.  Team USA also have dominated Olympic Basketball with professional players. They have won five gold medals since the Dream Team; the only loss coming in 2004 when it finished with the bronze.  The Dream Team was elected to the FIBA Hall of Fame. Who was left off the ‘Dream Team’?  The “Last Dance” has rekindled the controversy with Detroit’s Isiah Thomas, who was left off the team. Thomas was a 12-time All-Star and two-time NBA champion, but a feud with Jordan and Pippen stemming from their rivalry in the Eastern Conference was seen to be the root of the Detroit star being left off the team.  LSU’s Shaquille O’Neal, who was picked No. 1 in the 1992 NBA Draft, was left off in favor of Laettner. O’Neal played on Dream Team II in 1996 and still claims that team would beat the original Dream Team. Who coached the Dream Team?  Detroit coach Chuck Daly was the head coach of the “Dream Team,” which made the Thomas drama that much more intriguing. Lenny Wilkens, who ranks second all time in NBA history with 1,332 wins, was the assistant coach from the NBA ranks.  Duke’s Mike Krzyzewski and Seton Hall coach P.J. Carlesimo were also on the staff. ‘Dream Team’ stats: 1992 Olympic dominance, by the numbers On June 28, 1992, Team USA opened with a 136-57 blowout against Cuba in the Tournament of the Americas. That showed the Dream Team at full strength.  They finished the Tournament of Americas with a 6-0 record and won those games by an average of 51.5 points per game.Tournament of AmericasWINNERSCORELOSERSCOREMARGINUSA136Cuba5779USA105Canada6144USA112Panama5260USA128Argentina8741USA119Puerto Rico8138USA127Venezuela8047 That full-scale domination continued at the Olympics in Barcelona. The Dream Team finished 8-0 and beat Croatia 117-85 in the gold medal game.  Team USA won those eight games by an average of 43.8 points per game.’Dream Team’ 1992 Olympics resultsWINNERSCORELOSERSCOREMARGINUSA116Angola4868USA103Croatia7033USA111Germany6843USA127Brazil8344USA122Spain8141USA115Puerto Rico7738USA127Lithuania7651USA117Croatia8532Who led the ‘Dream Team’ in scoring?  Charles Barkley led the Dream Team with 16.3 points per game and 6.7 rebounds per game. He is best-remembered for his response to a question he was asked about Angola before the first game in the Olympics.  “I don’t know anything about Angola,” Barkley said. “But Angola’s in trouble.” ‘Dream Team’ legacy & impact on basketball The Dream Team — especially the impact of Jordan’s popularity — helped contribute to the globalization of basketball in the NBA.   The team did not just win the gold medal. It left an impact both in the United State and globally that the game of basketball benefits from today, and put up some insane numbers while doing it.Here is everything you need to know about the 1992 U.S. men’s basketball team:  MORE: Did Michael Jordan really block Isiah Thomas from making ‘Dream Team’ roster? https://images.daznservices.com/di/library/sporting_news/fb/43/dream-team-usa-basketball_54mx7huvjcbl1uc65r60008lv.jpg?t=-867031905&w=500&quality=80last_img read more