Swiss pension fund tenders $2.4bn in fixed income

first_imgA swiss pension fund has tendered a total of $2.4bn (€2.2bn) in fixed income mandates via IPE Quest.According to search QN-2591, the asset owner is seeking a fund manager to handle a global aggregate fixed income mandate worth $1.5bn.It will follow the Bloomberg Barclays Global-Aggregate Total Return Index Value Unhedged USD (LEGATRUU) as a benchmark.The expected level of tracking error for this mandate is 1.5% and applicants have a deadline of 16 March 5pm UK time to apply. The pension fund has also issued a US corporate fixed income tender for $350m (QN-2600), following the Bloomberg Barclays US Corporate Total Return Value Unhedged USD (LUACTRUU) as benchmark.A third brief has been tendered (QN-2601) for $150m in Europe corporate fixed income, tracking the Bloomberg Barclays Pan European Aggregate Corporate TR Index Value (LP05TREU).Lastly, the scheme is looking for a fund manager to run a $400m global aggregate corporate fixed income brief (QN-2602), which will track the Bloomberg Barclays Global Agg Corporate Total Return Index Value Unhedged USD (LGCPTRUU).The three smaller mandates (QN-2600, QN-2601 and QN-2602) have an expected level of tracking error of 2% each and the deadline for those is set for 17 March 5pm UK time.Applicants must have at least $3bn under management for each asset class and at least $10bn of assets under management overall.They should state performance until 31 December 2019, gross of fees, with a minimum track record absolute of 10 years.The fund said it would prefer segregated mandates. It added that derivatives are only allowed to steer duration and must be covered by highly liquid assets. No leverage is allowed, but it will allow bond futures.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.last_img read more

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Hapag-Lloyd, ONE to Join TradeLens

first_imgGerman container shipping major Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) will join the blockchain-enabled digital shipping platform TradeLens, jointly developed by Maersk and IBM.The world’s fifth and sixth largest carriers, respectively, join CMA CGM and MSC Mediterranean Shipping Company, both of which recently revealed that they are becoming part of TradeLens. With these additions, the scope of the platform now extends to more than half of the world’s ocean container cargo.“Expanding digital collaboration is critical to the evolution of the container shipping industry,” said Martin Gnass, Managing Director Information Technology at Hapag-Lloyd.“TradeLens has made significant progress in launching a much-needed transformation in the industry, including its partnership model. Now, with five of the world’s six largest carriers committed to the platform, not to mention many other ecosystem participants, we can collectively accelerate that transformation to provide greater trust, transparency and collaboration across supply chains and help promote global trade.”The addition of these two global carriers will help drive further adoption of TradeLens around the world now that TradeLens customers have access to major carriers in all three leading global vessel sharing alliances on the platform, Maersk explained.Hapag-Lloyd and ONE will each operate a blockchain node, participate in consensus to validate transactions, host data, and assume a critical role of acting as Trust Anchors, or validators, for the network. Both companies will be represented on the TradeLens Advisory Board, which will include members across the supply chain to advise on standards for neutrality and openness.last_img read more

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Indiana Teen Pregnancies Down, Still Higher than National Average

first_imgFile photoTeen pregnancy rates are at historic lows, but rates in Indiana are not declining as fast as the national average.According to the National Campaign to Prevent Teen and Unplanned Pregnancy, Indiana has seen a 45 percent drop in teen pregnancy from 1991 to 2012, compared with a 52 percent drop nationally.Betty Cockrum, president and CEO of Planned Parenthood in Indiana and Kentucky, says the highest rates of unintended teen pregnancy occurred in more rural counties.“That’s not a surprise because the two essentials to well-informed decision making around sexual activity particularly for youth is, first, education, and second, access to contraception,” she points out.Cockrum says there is a great need to get into more schools and get to more parents to ensure everyone has access to medically accurate, age-appropriate sexual education.According to the report, there were more than 7,300 teens between the ages of 15 and 19 who gave birth in Indiana in 2012.Cockrum says when teens have the information they need, they make smarter decisions about sex.“Obviously, abstinence is the best answer for our youth,” she says. “But failure to educate them about the risks and potential outcomes of becoming sexually active, it’s a mistake.”She adds that Hoosiers need to understand the link between unintended pregnancy, poverty and the number of children who go to bed hungry at night.“If babies are planned and there are parents present who are prepared to take responsibility for ensuring that those children’s needs are met, then we could begin to reduce the cycle of poverty here in Indiana,” she says.Cockrum says teen pregnancy is also associated with lower education, higher infant mortality and greater reliance on public support.last_img read more

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Aribo dreams of developing new scoring skills with Gerrard, McAllister’s support

first_img “But I feel I have developed a lot and I’m learning day in day out in games and on the training field as well. “When you look at the staff, you have the gaffer and Macca, two great players that have played in my position too. So I can just take little things off them every single day and, of course, you learn in matches.” Rangers have played league matches against Aberdeen and St. Mirren so far this season without fans who have been barred from stadiums due to coronavirus restrictions. Aribo explained that Gerrard’s side misses the atmosphere created by fans in the stadium, but they will continue to make them happy with their results. “When you get the backing of the fans that give you that extra 10 percent, so sometimes I feel like we miss it because if we are not making noises on the pitch it just feels quiet,” he said. “You don’t have the bounce and energy of the fans to get you going so it is a bit weird, but we just have to deal with what is going on right now. “I just want to keep scoring goals and keep the fans happy, even if they are not in the stadium cheering. “I know they’ll be at home smiling, so we need to put on a show and that’s all I really want to do, put on a show every single game and just do all I can do to help the team get the best performances and the best results that we can get.” FacebookTwitterWhatsAppEmail分享 Loading… Rangers midfielder, Joe Aribo believes the presence of Steven Gerrard and Gary McAllister in Rangers’ backroom could help him become a proven goalscorer from his position. The 24-year-old helped Rangers to back-to-back victories in their first two matches in the Premiership this term and he is hoping to do more with his contribution in front of goal. Ahead of the Gers’ battle against St. Johnstone on Wednesday, the Super Eagles star disclosed how he’s working to improve on his goalscoring abilities. “That’s the one thing I’ve always wanted to be known as, a goalscoring midfielder,” Aribo was quoted as saying in Rangers matchday programme. “I’ve sat down with the gaffer and we spoke about it, so I know that is one area I need to improve on. “I think it’s a case of wanting to be in the right place at the right time and having the willingness and the desire to be there. read also:Joe Aribo named in difficult Europa clash against Leverkusen “It’s also about being calmer in front of goal as well, not slashing at shots and taking your time with them. Hopefully, that will help me get more goals.Advertisementcenter_img Promoted ContentWho Is The Most Powerful Woman On Earth?Best Car Manufacturers In The World10 Risky Jobs Some Women Do5 Of The World’s Most Unique Theme ParksPortuguese Street Artist Creates Hyper-Realistic 3D GraffitiThe Most Exciting Cities In The World To VisitWhat Is A Black Hole And Is It Dangerous For Us All?5 Reasons To Wait For The Solo Black Widow Movie7 Theories About The Death Of Our Universe7 Reasons You Have Trouble Getting Things DoneTop Tastiest Foods From All Over The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read Morelast_img read more

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At Syracuse, Rick Pitino grew as a coach under Jim Boeheim

first_imgForty-eight hours after Jim Boeheim’s Hall of Fame head coaching career began, he needed to fill out his staff. He drove to New York City to convince a young coach, Rick Pitino, then 24, to join him. So Boeheim called Pitino’s hotel room and asked him to talk.“That’s great, Jim,” Boeheim recalled Pitino said to him, “but I just got married, so I can’t do it today, and I’m leaving on my honeymoon tomorrow,”“It has to be right now,” Boeheim said.They met in the lobby of a Manhattan hotel, spoke for two or three hours and agreed on Pitino’s salary of $17,000. Boeheim insisted Pitino start immediately and go on a trip to Cincinnati to recruit Louis Orr, who became an SU star. But Pitino and his wife, Joanne, wanted to leave for their honeymoon in Puerto Rico. Boeheim wouldn’t let him go.“Oh, my wife’s gonna love this,” Pitino told Boeheim.AdvertisementThis is placeholder textA skipped honeymoon began the Pitino era at Syracuse, which spanned two seasons from 1976-78 and doubled as Boeheim’s first two seasons as head coach. In one drill, players said they did slides while holding bricks out in front of them. Pitino worked out with players well before the official start of practice at 3:40 p.m., and he showcased a passion for the game that led him to an illustrious career including stints with the New York Knicks, Boston Celtics and college programs like Kentucky and Louisville. His progression to the Hall of Fame — he’s the only coach to lead three programs to the Final Four — happened by sticking to the same approach molded at Syracuse.“He was a tremendously enthusiastic young coach who really loved the game, knew the game, and understood how hard you have to work at the game,” Boeheim recalled on Monday.“He knew that at a very young age.”On Wednesday night, the No. 18 Louisville Cardinals visit the Carrier Dome for the first time without Pitino since 1998. Pitino went 12-5 against Boeheim over 17 seasons, but his tenure at Louisville ended following the 2016-17 season because he was involved in a FBI probe that forced him to resign. He’s since coached in Greece, where he led his team to the Greek Cup title last weekend.Rick Pitino coached for two seasons with Syracuse. It was Jim Boeheim’s first two years as head coach of the Orange. SU ArchivesPitino could not be reached for comment on this story after multiple attempts. In his 2018 book, “Pitino: My Story,” he said he was a dogged recruiter at Syracuse who wanted to see most of his high school recruit’s games.While traveling with Boeheim on trips, he remembered the head coach being glued to the TV screen, his face a foot from the screen, so he could hear the whisper-level volume late at night while Pitino slept, his book said. They became close friends, and Pitino often said while at SU, “Jim will be at Syracuse forever.” Pitino also attended Boeheim’s first wedding, and remembered Boeheim watching the New York Mets game while it was time to cut the cake.Now 66, Pitino has compiled one of the most extensive resumes in the game. He’s a three-time Southeastern Conference Coach of the Year and a one-time National Coach of the Year. He led his teams to seven Final Four appearances (two were vacated), as well as the 1996 national title at Kentucky and the 2013 vacated national title at Louisville.In September, Pitino visited the place that set him up for his first head-coaching gig. At the Carmelo K. Anthony Center, he spoke with SU about leadership, strong defense and Boeheim, his son, freshman guard Buddy Boeheim said. Players were mesmerized to speak with a college hoops legend who got his start in Manley Field House. Pitino also grabbed a bite with Boeheim and SU associate head coach Adrian Autry at Varsity on South Crouse Avenue.Former Syracuse players, including forward Roosevelt Bouie and guard Dale Shackleford, characterized Pitino as a hard-charging coach. They recalled his two main qualities: Intensity and enthusiasm, a byproduct of a coach who wasn’t much older than his players. He installed an aggressive man-to-man defense before the Orange switched to the 2-3 zone. Some games, Syracuse pressed for 35 minutes. They trapped ball-handlers and tried to prevent in-bounders from easily entering the ball into play.Daily Orange File PhotoPitino compiled extensive scouting reports on teams and player tendencies, former players said. He once told Shackleford about a Providence guard who favored his left hand. Make him go right, Pitino urged him that week. Shackleford listened, and he held the player neutral. “He really emphasized that offense comes from defense,” Shackleford said. “He was energetic, great at breaking down a player, motivating you, and he loved pressure defense. He wanted us defending up in players’ chests and cutting off every passing lane. He hated losing and was emotional. A blue-collar coach for the blue-collar team that we were.”Once during a game, in a timeout huddle, Pitino broke convention and spoke up. Boeheim turned toward him. “Rick, shut the hell up,” he told him. “I was like, well, we know whose team this is,” Bouie said. Pitino’s formative years as a coach were similar to his years as a well-known head coach, when he’d pounce up and down the sideline and yell instructions across the court. Vocal and demanding, he wanted Syracuse players to replicate his own energy. He demanded they practice and play with his vigor. A no-nonsense coach, Pitino banned behind-the-back passes. He told players they were too flashy. He also discouraged players from dribbling the ball between their legs. “No, no, no!” he told them when he saw what he declared a flashy move.Yet one day, Bouie, a former SU center, was walking through Manley Field House to grab a drink before a class at noon. Practice was four hours away, and the coaches were playing pickup basketball. Pitino, who didn’t know Bouie was watching, was dribbling behind his back and between his legs. “He had more moves than anyone,” Bouie said. “He was telling us not to do all of that, yet there he was, dribbling all over the court.” Comments Published on February 20, 2019 at 12:28 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21center_img Facebook Twitter Google+last_img read more

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Under-21 football action tonight

first_imgCarlow – who’ve never won a provincial title at this level – will host Wicklow at the grounds of IT Carlow.Longford travel to Enniscorthy to face Wexford and Louth take-on Laois in Haggardstown.All three matches will throw-in tonight at half-past seven.last_img

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UEFA Women’s Euro Quarter-final Preview: Will Austria’s Fairytale Run Continue

first_imgWith about a week to the end of the UEFA Women’s EURO in the Netherlands, the stage is now set for the knockout rounds in which no team would have a second chance.Holders Germany, Denmark, Netherlands (hosts) , Sweden, Austria, Spain, England and France are the only teams left in the spotlight as the tournament gets even more intense with its air of unpredictability.Of course it might seem ridiculous to think that Denmark will serve fans an upset against Germany in today’s second quarter final – the Germans do not only reign supreme in the Women’s EURO as a whole, but also in their 21 meetings with the Danes, having 12 wins to their name and leading 44-17 in goals.However, Steffi Jones charges have been far from convincing in the Netherlands especially in front of goal and they have had to depend on penalties for three of their four goals so far.In the earlier quarter final of today, a sold-out crowd is expected to witness if the Netherlands can progress to the semi finals of the Women’s EURO for a second time in three appearances. The Dutch side have not lacked the immense home advantage that comes with being hosts and they won all their group games as a show of gratitude. Now, Sweden – who finished second to Germany in Group B – stand in the Netherlands way of taking the next big step on home soil.Austria are definitely the surprise package of the tournament. Who would have thought the newbies would beat favourites France to the top of Group C.And their fans are already hoping for a semi-final place considering that Spain – their last eight opponents – only managed to squeeze themselves through with three points.That match on Sunday will be followed by the big encounter between England and France. The Lionesses have roared their way to this stage in emphatic fashion, scoring the highest number of goals (10) and conceding just one. While France on the other hand have huffed and puffed with one win and two draws.However, in this tie England will be looking to beat France for the first time since 1974.So much to look forward to in the quarter finals of the Women’s EURO in the Netherlands. And the show starts tonight!FIXTURES:July 29Netherlands vs Sweden – 18:00Germany vs Denmark – 20:45July 30Austria vs Spain – 18:00England vs France – 20:45 Relatedlast_img read more

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Sportradar – Tennis needs to be data & technology sharp in its integrity battles

first_img Share Sportradar has published its official response to last April’s ‘Independent Review of Integrity in Tennis’ commissioned by the ‘Tennis Integrity Unit’ (TIU) representing pro tennis’ governing bodies the WTA, ATP and the ITF.In its response Sportradar supports the majority of the independent panel’s recommendations, however, the leading sports data firm outlines its concerns ‘in relation to the recommendation regarding the discontinuance of data sales’.Published last April, the independent integrity review garnered high media coverage for recommending drastic changes to tennis’ operating structures and partnerships.Seeking to eliminate match-fixing at the lower levels of professional tennis, the panel recommended that tennis governing bodies drastically reduce live data information supplied to the betting sector.At present, ITF syndicated live match data is supplied by Sportradar AG, under the terms of a $70 million five-year agreement. Sportradar monitors all-levels of professional tennis including ‘Challenger’ and ‘Futures’ tournaments.Sportradar believes that the proposal would fail in practice, and would lead to irreversible negative consequences for the sport, placing its athletes at further risk of integrity harms.Seeking to help tennis’ ruling bodies and stakeholders, Sportradar proposes the following recommendationsImplement a proactive tennis-wide approach to restricting data distribution, targeting specific matches with an elevated risk of corrupt activity based on a consistent and analysis-led evaluation. This is something that Sportradaris doing as part of their integrity partnership with the ITFCreate a new body made up of representatives from tennis, betting operators and sports data companies to ensure a more concerted and collective approach to fighting corruption in tennis across related operational areas that should include the application of the above-targeted data restrictionsIncrease AV streaming coverage, where possible, to help provide reliable evidenceCreate new regulations to enable quicker sanctioning based on betting data and expert player analysisBring in targeted measures to deal with online abuse of players, especially at lower levels, enabling players to escalate concernsUse technology to target risks, streamline processes, maximise impact and enhance intelligence-led enforcement actionDavid Lampitt – SportradarDavid Lampitt, Sportradar Managing Director Group Operations, explained the factors outlined within the company’s response.“Attempting a total data black-out on a sport has never been done, or even trialled or tested before,” he said. “Counter evidence and expert analysis indicate that such an approach is likely to have a harmful effect on integrity, which would be hard to reverse if unsuccessful.“So, the Panel is staking its reputation, and that of the sport, on an uncertain ‘guess’, when there is good evidence that a different approach and an incremental process of implementing enhanced and targeted measures would be more likely to deliver successful outcomes and integrity benefits.“If the recommendations remain unchanged, they would push the betting market underground where the integrity issues would be out of sight. This may give the veneer of improving the situation but would not deal with the underlying issues. These must not be brushed under the carpet.“It’s important to point out that the relative risk that the Review attributes to the different levels of tennis is also misleading. In 2017, and consistently over the last four years, ITF tennis has, in fact, had the lowest risk of corruption across all the levels of the professional game, including the Grand Slams.“Of course, integrity risks exist across all levels. But they are most prevalent at the mid-level of the Men’s game, so the rationale for applying the most draconian measures to the ITF Men’s and Women’s competitions and recommending relatively modest changes at the other levels doesn’t tally with the evidence.“Ultimately our interests, like the Panel’s and other stakeholders involved, including the tennis governing bodies as well as the betting companies, are focused on safeguarding a clean sport. We want to be transparent about our submissions as we believe the evidence is important to ensure decisions are not taken that may have unintended and harmful consequences for the sport.” Submit StumbleUpon Sharelast_img read more

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Bet Builder: An industry game-changer fast becoming a necessity

first_img Share GVC responds to ‘press speculation’ on former Turkish business   July 30, 2020 Submit One of the most innovative additions to sportsbooks over the last 12 months has undoubtedly been the Bet Builder. So much so that Amazing Gaming, a fully managed sportsbook and data feed provider launched by Tain, has prioritised development of the product as part of its 2019 roadmap.Keep reading for more from the company’s Sports Betting COO Robert Wintersteller, who said that attending a panel at last month’s Betting on Football conference brought home the need to replicate the sought after same-game multis, but specifically with the smoothest UX possible for its customers.This last year has seen widespread introduction of the Bet Builder concept, where customers can create their own bets within the same match. So far, the focus has been on adding the product for football (or soccer if you’re reading this stateside), but we expect others to follow quite quickly now it is mainstream, and particularly those with less complicated related contingencies.This new way of generating a multiple within the same event helps customers to achieve a potentially higher payout to the traditional markets, and also gives them more flexibility to apply their ‘skills’. It has been a welcome addition to the operator’s online arsenal, as discussed at the recent Betting on Football conference in a session dedicated to the ‘next step’ for the Bet Builder. One of the panelists Jamie McKittrick, Head of Commercial at GVC Group, explained that the Bet Builder – now the most advertised product on Coral’s UK-facing brand – “tends to appeal, almost exclusively, to good quality recreational customers”.Interestingly, this session also saw Mattias Eriksson, Chief Product Officer for Kambi – who partnered with DraftKings to accept the first legal online bet in the US post-PASPA – take this further by confirming his company’s plans to take the Bet Builder into retail as early as this summer.But why is it so welcome for the operator? Put simply, because it moves turnover from the classic low margin markets like match odds, over/under and handicap into a high margin product with less possibilities for the customer to compare different prices. At this stage at least, although it’s fair to say that an Oddschecker-type tool to compare such prices is far from beyond the realms of possibility.To highlight the operator advantages is not to downplay the obvious upside for the customers, who have increasingly displayed a huge appetite for player props, especially for the NBA. As an example, providing the option to create a bet with LA Lakers to win, Lakers to lead after the 1st quarter and LeBron James to score over 24.5 points is an attractive proposition to the punter.So, what’s the next step for Amazing Gaming? To make sure we have a successful product, a solid UX and UI is needed, while the process of generating and placing a Bet Builder bet must be smooth as possible for our customers from both mobile devices and desktop. Once the right UX and UI is in place, other sports can follow the initial football focus. When you consider that basketball follows a structure not too dissimilar to football, as well as the aforementioned appetite for player props around the sport, this is perhaps the obvious choice.Overall, the more familiar that customers get with the Bet Builder, the more functionality will need to be covered. For example, in-play and cash out (you don’t want to lose your huge win just because of an equaliser in the 90th minute), as well as the ability to edit a Bet Builder (maybe your goalscorer pick looks tired today) – all of this will most likely also be offered together with the new sports. Of course, all of this will be a challenge to create, but with the current success of this product it will be easy to justify any resources and time spent. Bet Builder is here to stay, and it will remain a very good product for the sportsbooks that manage to package the product in an attractive way. Related Articles Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 StumbleUpon Share Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown July 29, 2020last_img read more

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LA Clippers in need of better defense, rebounding

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Prior to Saturday’s 101-96 victory over the Detroit Pistons, coach Doc Rivers was asked a two-part question: What does he think of the Jamie Foxx most impersonation of him floating around? And what does he think about the Clippers’ rebounding woes?“I like it, I thought it was funny,” he said of Foxx’s theatrics. “But I don’t think the rebounds are funny, let me put it that way. We’re not doing a great job. And I think it’s all of us. I don’t think it’s like the bigs. I think the guards are … we have to rebound as a team so much better.“We’re just going to get the ball, we’re not putting bodies on bodies.”Blake Griffin’s rebounding numbers are back up where they belong. He’s averaging 9.5 after falling to 7.8 last season. DeAndre Jordan, who led the league a season ago with a 15.0 average, is down to 12.9 this season.The difference is in his offensive rebounding, where he’s pulling down just 2.7 after being at 4.8 in 2014-15. Defense and rebounding. Last season the Clippers struggled to find consistency in those areas.And they are again this season.Starting with the rebounding, the Clippers in averaged 42.6 rebounds last year, tying Memphis for 20th in the league. They allowed 42.9 rebounds per game, for a differential of minus-0.3.This season, the Clippers (6-4) are pulling down an average of 42.5 rebounds, 22nd in the league. But they are giving up 46.9. That’s a differential of minus-4.4, and only five teams were worse before games played Monday.center_img “Yeah, they’re game-planning for him,” Rivers said. “It’s what you do. He didn’t get it a lot last year, but he’s getting double-teamed on rebounds, you could see it all the time and it’s two on the ball, two on DJ.”Defense about desireWesley Johnson played 13 minutes off the bench Saturday. He didn’t score, but he made his defensive contribution with two steals. After the Clippers turned the game around with better defense in the second half — allowing only 36 points after giving up 60 in the first half — Johnson talked about what it takes to be a stingy team.“Defense is all about you wanting it,” he said. “You wanting to stop your man, you wanting to help your teammate. I think that is what it boils down to. You would probably look at the roster and think that we don’t have a defensive stopper, but it is a team thing and a team effort.”The Clippers last season allowed 100.1 points per game, 16th in the league. They scored 106.7, a differential of plus-6.6, second only to Golden State’s 10.1. This season, the Clippers are allowing 104.2 points, 24th in the league. They are scoring 105.1 per game, a differential of just plus-0.9.Injury updatesStarting guards Chris Paul (groin strain) and J.J. Redick (back spasms) are listed as doubtful and out, respectively, for Thursday’s game against Golden State at Staples Center.Neither has played the past two games.last_img read more

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