ESMA publishes final reporting guidelines for AIFM Directive

first_imgAccording to the final guidelines, managers will have to report on the portfolio concentration of alternative investment funds.Key elements of this include reporting the breakdown of funds’ investment strategies, the main markets and instruments in which they trade, the total value of assets under management and turnover of each fund, as well as the principal exposures and the most important portfolio concentration of the funds.The key elements of the additional level of reporting the authority is now proposing include the funds’ risk measures, their liquidity profile and their leverage.ESMA said the guidelines clarified AIFMD provisions on required information, which would help achieve a more comprehensive and consistent oversight of the activities of alternative investment fund managers.The authority also said it was publishing technical supporting material that would make managers’ reporting easier, such as a consolidated reporting template, detailed IT guidance for filing of the XML and the XSD schema.The guidelines will now be translated into the official EU languages.When these translations are officially published, national regulators will have two months to confirm whether they comply or intend to comply by incorporating the guidelines into their supervisory practices, the EU authority said. The European Securities and Markets Authority (ESMA) has published final reporting guidelines for the Alternative Investment Fund Managers’ Directive (AIFMD), along with a new proposal for another level of mandatory reporting.ESMA said it had published an opinion proposing the introduction of additional periodic reporting for alternative investment funds (AIFs), to include information such as the Value-at-Risk of the funds, or the number of transactions carried out using high-frequency algorithmic trading techniques.The authority published final guidelines on the reporting obligations under the AIFMD, which require managers of AIFs to report certain information to their national supervisors.The directive covers hedge funds, private equity and real estate funds and came into force in July.last_img read more

Nordic roundup: Oslo Pensjonsforsikring, Varma

first_imgNorwegian pensions firm Oslo Pensjonsforsikring (OPF) produced a return of 8.8% in 2013, with strong returns from higher-risk assets boosting overall investment profits. The return was marginally higher than the 8.6% generated the previous year. Delivering full-year results, the local authority pensions provider said: “In 2013, the return was created in asset classes that are normally associated with higher risk, unlike the year before, when it came from several sources.” Returns on Norwegian and foreign listed shares were 13.7% and 30.9%, respectively, it said.  Hedge funds, private equity, convertible bonds and high-yield bonds returned more than 10%. However, returns on money market investments and bonds were marked by low returns, OPF said. The company made a profit for the full year of NOK522m (€62.7m), compared with NOK446m in 2012. OPF said it completed its accumulation of reserves to meet new requirements relating to longevity risk from the Norwegian FSA, making a NOK375m provision in 2013 for increases in life expectancy.Total assets rose to NOK62.5bn by the end of December 2013 from NOK56.4bn the year before.Meanwhile in Finland, Varma ended 2013 with a return of 9% and said the country’s solvency rules had allowed it to invest profitably.The result compares with a 7.7% investment return reported the year before.Risto Murto, president and chief executive at Varma, said: “The period after the financial crisis has been good in terms of investments, despite the uncertain economic situation, and at the same time, the national solvency legislation has given us the opportunity to invest assets profitably.” The good investment returns produced meant the firm’s solvency was at an all-time high, he said.Total investment assets rose to €37.7bn at the end of December 2013, up from €34.4bn a year before.Solvency capital increased to 31.6% of technical provisions from 28%.Equities produced the highest returns among asset classes, finishing the year with a return of 21.8%, up from 14.5% the year before, the company said.In particular, Finnish listed equities fared well, with a 33.7% return after 2012’s 21.3%.Fixed income investments generated just 1.2%, down from 4.4%.Varma said these investments were burdened by its cautious risk policy, with government bond holdings focused on those bonds with the best credit rating.In the course of last year, Varma said it increased the proportion of equities in its portfolio and cut the fixed income weighting.Real estate investments returned 3.1% compared with 4.5% the year before, with 2013 returns in this asset class affected by fair value depreciations applied during the year, Varma said. Hedge funds returned 8.8% up from 6.8%.last_img read more

Korea, Russia Look to Cash In from Northern Sea Route

first_imgVladimir Putin and South Korean President Moon Jae-in; Image Courtesy: Russian PresidencyRussia and Korea are working to bolster their maritime ties, especially as they eye the benefits of shipping through the Northern Sea Route.As Russia strives to build up its own shipbuilding capacity, it turned to Korea for the construction of its gas carrying ships.A Korean company has received a contract to build 15 ice-breaking LNG carriers for Russia, the President of South Korea Moon Jae-in said while speaking at the Eastern Economic Forum in Vladivostok on Thursday, September 7.The tankers, to be built by DSME, are intended for the transportation of liquified natural gas from the Yamal LNG project.“The Republic of Korea ranks first in the world when it comes to shipbuilding. Korea’s shipbuilding companies account for 64 percent of the total volume of large-capacity tankers. Thus, it would not be an overstatement to say that Korea has the world’s best technology,” Moon Jae-in said.In addition, last month, Rusian shipping company Sovcomflot said that it had hired  South Korean shipbuilder Samsung Heavy Industries for the construction of a fourth in a series of Arctic shuttle tankers to service the Novy Port project. The 42,000 DWT tanker is slated for delivery in 2019.“The Republic of Korea received a contract to build a large LNG-powered oil tanker for Russia. This historical event makes international sea navigation environmentally friendly.“The ice-breaking LNG tanker and the LNG-powered tanker will serve to boost the expansion of imports of Russian gas to other countries,” he added.The order came on the heels of the completion of  Christophe de Margerie‘s maiden voyage, the world’s first ice breaking LNG carrier. The vessel transported liquefied natural gas (LNG) through the Northern Sea Route from Norway to South Korea.“The ship arrived in Korea from Norway along the Northern Sea Route without needing any assistance from an icebreaker,” Moon Jae-in commented.As explained, due to the use of the Northern Sea Route, the distance, time plus transportation costs have dropped by a third as compared to the Southern Sea Route across the Suez Canal and the Indian Ocean.“Korea and Russia have demonstrated to the world a new model of cooperation,” he stressed.The bilateral cooperation has also seen Korean shipbuilders ink several deals with Russia’s new shipbuilder Zvezda Shipbuilding Complex.Earlier today, the Russian President Vladimir Putin took part in the keel laying ceremony at Zvezda for four new ice class supply vessels being built for Rosneft.“Today, it is important to start accomplishing the main long-term strategic task and to launch production of full-fledged medium and large capacity vessels and marine technology as soon as possible. “I know that a long-term plan for utilizing the enterprise’s production facilities up to 2035 has already been approved. I hope that this plan will be implemented. In fact, I will monitor this project closely because it is probably a key precondition for the enterprise’s success. Not only Rosneft but also Gazprom, Novatek and other Russian companies must put this plan into practice and place orders on time,” Putin said.“The portfolio of orders includes 14 vessels,” Rosneft Chief Executive Officer Igor Sechin said at the ceremony.“In order for the shipyard to be economically efficient, the required quantity of orders for ships and marine equipment must reach 178 by the year of 2035 – average large-capacity vessels and marine equipment.”World Maritime News Staff*This article has been corrected since its initial publishing.last_img read more

Benitez plays down bust-up reports

first_imgChelsea interim manager Rafael Benitez has played down reports of a bust-up with his players – insisting it was business as usual ahead of Wednesday’s FA Cup fifth-round tie at Middlesbrough. “I can understand the frustrations of Terry, he is an important player for us and has been injured with his knee. It was very brief exchange of ideas, and that is it, nothing else. It is just a team talk after a defeat. “We had a meeting on the pitch with my players and technical staff, which is part of our business. Now we have to move on and start thinking about Middlesbrough.” Asked about his relationship with the Chelsea players, Benitez said: “It is fantastic. I have no problem.” Benitez maintains everyone is united at the club to make sure they end the campaign on a positive note, having slipped down to third in the table following Tottenham’s late win at West Ham on Monday night. “They are a good group of players, working hard and keen to learn. They were disappointed like me with the defeat, but that’s it,” he said. “(We want to finish in the) top three, it is really important for us but, being a top side, we have to try and win every game.” Reports have emerged of a heated exchange between Benitez and the Blues squad, led by captain John Terry, in the wake of their 2-0 Barclays Premier League defeat at Manchester City, but the Spaniard maintained there were no issues with any of his senior men as they look to secure a positive end to the season. “This was a normal meeting between players and technical staff, which happens after every game, it was normal talk, nothing else. You show your disappointment, that is normal,” Benitez said. center_img Press Associationlast_img read more

ICC World Cup Sundar Pichai’s prediction on World Cup 2019 final: India Vs ? Google to find out the answer

first_imghighlights For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. India has defeated Australia and South Africa in the ICC Cricket World Cup 2019.Three matches have been washed out in the ICC Cricket World Cup 2019.England is hosting the World Cup for the fifth time. New Delhi: The ICC Cricket World Cup 2019 is one of the most important cricketing events. The tournament, which is currently being held in England, is followed by millions of people on social media. Sundar Pichai, Google’s Indian-American CEO has predicted which teams will clash in the finals of the ICC Cricket World Cup 2019 and said he was “rooting” for the men in blue to emerge victoriously. Describing himself as a passionate cricket fan, the 46-year-old head of California-based internet giant said that when he came to the US, he found baseball a bit challenging. Speaking to a Washington audience that included US Secretary of State Mike Pompeo and top corporate executives from India and the US during the India Ideas Summit of USIBC wherein he received the Global Leadership Award, Pichai outlined who would play the final.“It (ICC Cricket World Cup final match) should be (between) England and India. But, you know, Australia and New Zealand, these are all very, very good teams. It (ICC Cricket World Cup final match) should be (between) England and India. But, you know, Australia and New Zealand, these are all very, very good teams. In cricket when you run, you always take your bat with you. So I also ran between the base with my bat as well. So eventually, I realised baseball was a bit difficult. I can adjust to many things, but I’m going to stick to cricket. There is a cricket World Cup going on. It’s a wonderful tournament… rooting for India to do well. But there’s a lot at stake here,” Pichai said. The rain has played havoc in the ICC Cricket World Cup 2019 with three games getting washed out. The Pakistan vs Sri Lanka clash and Sri Lanka vs Bangladesh clash in Bristol have all been washed out due to the rain. In fact, even a toss could not take place and this became the first World Cup in which two games were washed out without a ball being bowled. The South Africa vs West Indies clash in Southampton was also washed out but 7.3 overs were bowled in the Proteas innings.New Zealand is currently on top of the table while India is in the third spot. Looking at the weather situation, things could remain the same but fans would be hoping that the rain gods have mercy and allow the match between India and New Zealand to take place.last_img read more

Leslie Black is GTT’s ‘Pink Warrior’

first_imgThe Guyana Telephone and Telegraph Company (GTT) ‘Pink Warrior’ Leslie Black is a man of strength; strength that transcends beyond the physical and is embedded in his very spirit. It is this strength that Leslie uses to commit his time and his more than two decades of expertise as an athletics coach, to push both himself and others to success.Popularly knowns as ‘Blacks’, Leslie has dedicated much of his time to working alongside the Guyana Cancer Foundation and he declares that this is because it was something very close to his heart.In the year 2012, tragedy struck Leslie’s family when his daughter died from Stage Four cancer. His family had first become aware of his now late daughter’s illness when she had begun spitting up blood in 2008.She was taken to various doctors and specialists and began treatment soon after being diagnosed with the illness. Unfortunately, the cancer continued to spread, leaving the entire family devastated after her untimely death.Having had the experience of how cancer changes the lives of not only its victims but their loved ones as well, Leslie wants to encourage both men and women to ensure that they are getting their regular check-ups. Most persons, he stated, would wait until something happens to them before they get a check-up and this can be dangerous as often, there are no immediate symptoms of the disease.When his daughter had become ill, Leslie searched for ways he could become involved in the fight against cancer and it was then that he began work with the Guyana Cancer Foundation. Every year since then, Leslie continues to offer his help and support to the GCF.Doing more this year, Leslie decided that his contribution in helping to spread awareness would be made through offering his experience of being a coach. The aim of this ‘GTT Pink Warrior’ is to help prepare persons interested in participating in GTT 5k/10k walk/run.Leslie meets with participants for a half hour every day where he offers training free of cost. Leslie’s aim is not only to help these persons, but to create a lasting impact on the exercise habits of those participating. GTT recognises these efforts made by Leslie and will continue to support him in his philanthropic visions.last_img read more

Treanor’s hat trick leads No. 1 Syracuse past Cornell for 8th straight win

first_img Published on April 15, 2014 at 11:46 pm The heavy snow and wind made for a miserably cold night at Schoellkopf Field, but even that didn’t slow down a red-hot Kayla Treanor.The Syracuse sophomore scored three goals to bring her season total to 54, and the No. 1 Orange (14-1, 5-1 Atlantic Coast) fended off a furious Cornell (6-7, 3-2 Ivy League) rally for a 7-5 victory in Ithaca, N.Y., on Tuesday night.Katie Webster added a career-high three assists to help SU defend its new perch atop the national rankings despite being held to single digits for the first time this season.The weather conditions produced a sloppy first half, as the two squads combined for 24 turnovers. The Orange, however, managed to string together the only four goals of the period, including a pair from Treanor that sent SU into the half up 4-0.But the early part of the second half belonged to Cornell’s Lindsay Toppe. The junior netted three unanswered goals to slash the SU lead down to one with 15:25 remaining.AdvertisementThis is placeholder textAlthough Treanor answered only 2:05 later, the Orange was not able to pull away. Clinging to a 5-4 lead, SU head coach Gary Gait called a timeout with about nine minutes left on the clock to set up his offense.The teams then traded goals before Katie Webster gave SU a final insurance tally with 6:03 left.Goalkeeper Alyssa Costantino shut the door on the Big Red’s final chances, and went the distance for the first time since March 15 against Florida.The Orange must now carry its eight-game winning streak and top ranking to No. 9 Notre Dame on Saturday for one final tune-up before the ACC tournament at 3 p.m.compiled by Tyler Piccotti, staff writer, tfpiccot@syr.edu Comments Facebook Twitter Google+last_img read more

Trojans prevail 24-14 over Washington

first_imgSEATTLE — What began Saturday night as a likely blowout entering halftime evolved into a fourth-quarter barnburner before a sold-out CenturyLink Field crowd. No. 11 USC, however, escaped with a 24-14 victory on the strength of junior running back Silas Redd’s 26 carries for 155 yards.“Any time you go on the road and you come into what seemed like a sold-out environment, it’s a very hard place to play,” USC coach Lane Kiffin said. “Obviously, the Seahawks have success over here; Washington has been undefeated here. I think they have won eight of nine in general at home, because they have great fans.”On USC’s first offensive play, Redd established the ground game, originally running to his left where he found no daylight, then exhibiting great patience and reversing field on his way to a 57-yard gain. But the Trojans (5-1, 3-1) were unable to capitalize on a first-and-goal from the 9-yard line and settled for a 23-yard field goal by sophomore kicker Andre Heidari.“It was designed to the left, but it was kind of plugged up,” Redd said of the play. “I saw an opening to the right and I took it.”After limiting Washington to a three-and-out on its first defensive series, USC forced a turnover on the second, with sophomore linebacker Dion Bailey snaring his fourth interception of the season on a short crossing route, setting the Trojans up at the Huskies’ 36-yard line.USC capitalized on the Washington miscue, as Redd punched in an 11-yard touchdown, giving the Trojans a 10-0 lead.“Our defense was really getting after the quarterback, and you know they were pretty beat up on their offense,” Kiffin said. “Every game is not going to be like that and we will need to score more.”With 7:15 remaining in the first quarter, USC squandered an opportunity to expand its 10-point lead, as senior quarterback Matt Barkley threw his sixth interception of the season at midfield.Barkley, who finished 10 for 20 with 167 yards, never seemed to find his rhythm, especially in a second half in which he completed just three of 10 passes.“They didn’t want to get beat over the top, and the threats that we have with Marqise and Robert, and so they played very deep and played a lot of two-high defenses and just kind of forced us to run the ball, and we ran the ball very well,” Barkley said of his uncharacteristically low number of passing attempts.Washington proceeded to drive the ball 58 yards on eight plays, scoring on a 17-yard touchdown pass to Kasen Williams, on which Washington’s leading receiver exploited his considerable height advantage over junior cornerback Nickell Robey. But outside this touchdown connection, Robey largely limited Williams in their one-on-one matchups, allowing only one other reception for five yards.To begin the second quarter, sophomore wide receiver Marqise Lee converted a third-and-five with a 24-yard reception on the first pass thrown his way. Later in the drive, Barkley threw a 16-yard dart through double-coverage to sophomore tight end Xavier Grimble for a touchdown.Before time expired in the half, sophomore cornerback Anthony Brown blocked a punt on Washington’s 21-yard line, recovered it and rumbled into the end zone for the back-breaking score, which gave USC a 24-7 lead entering halftime. The play came from an unlikely source, as Brown has been relegated to fourth-string cornerback after beginning the season as the starter opposite Robey.“We did a great job at getting turnovers the whole game, and we needed to get the offense the ball,” Robey said. “That’s championship ‘D’ right there.”On the Trojans’ second possession of the third quarter, Washington cornerback Desmond Trufant blocked Heidari’s 41-yard field goal attempt, beating USC’s line off the right edge. Trufant also played stellar lockdown defense on Lee for most of the night, limiting USC’s speedster to two catches for 32 yards.Washington rode the momentum of the clutch special teams play, scoring a touchdown on its subsequent possession with a 29-yard touchdown strike to tight end Austin Seferian-Jenkins. With the completion, quarterback Keith Price punctuated a streak in which he completed 15 consecutive passes after starting the game with three straight incompletions.“It’s just the little things that you saw last week — just with the penalties and [the lack of discipline],” Barkley responded when asked about why USC couldn’t cushion its lead in the second half. “If we play undisciplined, we’re not going to have a blowout game.”The Huskies relinquished their budding momentum on their next offensive possession, however, as Price fumbled on USC’s three-yard line, after USC senior safety Jawanza Starling leveled a vicious hit on the quarterback. Starling also recovered the football.“It’s a testament to how we have been practicing,” Starling said of the four turnovers USC’s defense forced in the contest. “It is just a more experienced defense than a couple of years ago and we have been in the system for a while and the guys know what they are supposed to do.”USC would claim two more turnovers in the waning moments, with sophomore cornerback Josh Shaw nabbing his second interception of the season on a tipped pass and freshman defensive tackle Leonard Williams recovering a fumble with three minutes remaining.The road-weary Trojans return home to the Coliseum this Saturday against Colorado for a 3 p.m. game.“We are glad to get out of here [with the win],” Kiffin said. “It’s been a long first half of the season, four road games out of six; we’re back in L.A. for five of the next six, and we’ll load up and get back.”last_img read more

Trask talks big dance for Badgers

first_imgAfter a disappointing loss to Northwestern last week in the opening round of the Big Ten tournament, the Wisconsin men’s soccer team got some good news Monday morning. For the first time in 18 years, the Badgers are headed to the NCAA tournament.“[After] a long waiting period for the guys on the team as well as the staff, to get rewarded with our body of work and be in the NCAA Tournament after 18 years here at the University of Wisconsin, it’s more than exciting,” head coach John Trask said Monday at a press conference.Wisconsin (13-4-2, 4-2 Big Ten) is hoping to restart momentum as they prepare to take on UW-Milwaukee (15-2-2, 5-2 Horizon League) in the first round of the NCAA tournament at the McClimon Complex Thursday.The matchup with the Panthers on Thursday was no coincidence, as the NCAA tournament matches teams together in the first round based on proximity to each other, leading to more rivalry games during the playoffs.“You’ve got rivalry games all over the country that will be happening,” Trask said. “There will be upsets. There will be great performances. I’m sure some poor performances, but we’ll put together a great performance.”Wisconsin faced UWM earlier this season with a final 1-1 tie in double overtime on the road. This time around, Trask knows the Badgers will have to do the little things right to try to ensure the victory.“Tournament soccer is about a few plays here and there,” Trask said. “The soccer gods maybe weren’t smiling on us against Northwestern in the Big Ten Tournament. Hopefully, we can turn the tide and get a result on Thursday and move on in the tournament. That’s what it’s about. It’s about advancing at this point.”One aspect Trask hopes to take advantage of is the opportunity to play at home. The Badgers are 9-0-0 at home this season and currently hold the nation’s longest unbeaten streak at 13 games.After not advancing to the big dance since 1995, this season is also the first time since then that the Badgers have won at least 13 games in a season.While the Badger players have not made the tournament in 18 years, Trask will be able to lend some expertise, having appeared in the tournament three times as head coach at the University of Illinois-Chicago. Trask also holds a 3-0 record in the first round of play.His main goal is to keep the team focused and not be complacent with just getting a tournament bid.“I guess that’s my job as a head coach and the rest of the coaching staff, to make sure that the expectation was that we were going to be in it and we’d be hosting this game,” Trask said.Even though they did not get a top seed, Trask thinks this team has the pieces to make a deep run in the tournament. He expects a great week of practices leading up to the game in the hopes of playing well in their most important game of the year so far.“I think there’s more in this team,” Trask said. “I’ve said it consistently to them. I’ll say it publicly. I still don’t think we’ve seen the best soccer out of this group of players.”That is a high standard for a team that has already received recognition for some of its top performers during the regular season. Redshirt senior midfielder Tomislav Zadro and junior defender AJ Cochran earned B1G offensive and defensive players of the year, respectively, the first time UW has taken home these honors.Senior leadership has played a big role with the team having 13 seniors on the roster. With this many seniors, Trask knows this last game at home is special for them.“It’s a bit mind-boggling to me. Four years ago we started this project and this process, this journey with these guys,” Trask said. “To see them today and the smiles on their faces and to know their season is going to continue, at least through Thursday, really is exciting.”Trask sees this season as a culmination of four years of hard work, having taken over as head coach when these seniors were first arriving on campus. This last home game for them will be something special that he hopes will be a great memory for all of the players.“We’ve got quite a few seniors,” Trask said. “They love the home field. Our field is in excellent shape. It’s going to be a really spectacular show for NCAA soccer here in Madison on Thursday night.”Kickoff is set for 7 p.m. at McClimon Complex, with the winner advancing to face No. 3 seed Notre Dame.last_img read more

Do you remember the last time Syracuse…?

first_img Published on March 13, 2018 at 5:59 pm Contact David: ddschnei@syr.edu Facebook Twitter Google+ With Syracuse (20-13, 8-10 Atlantic Coast) set to face Arizona State (20-11, 8-10 Pac-12) on Wednesday at 9:10 p.m. in a First Four game, check out whether you remember some Syracuse history.Do you remember the last time Syracuse played in the First Four? You shouldn’t, because it hasn’t. It’s only been seven years since the First Four was introduced in 2011.Do you remember the last time Syracuse was an 11-seed?Again, this has never happened. Syracuse has only been a double-digit seed once since the NCAA Tournament started using seeds in 1979, when it was a 10-seed in 2016. That year, the Orange finished 19-12 (9-9 ACC) in the regular season and lost to Pittsburgh in the second round of the ACC Tournament before earning an at-large bid to the NCAA Tournament.AdvertisementThis is placeholder textAs a 10-seed, the Orange defeated No. 7 Dayton, No. 15 Middle Tennessee State, No. 11 Gonzaga, and No. 1 Virginia en route to its sixth Final Four appearance. It was the fourth time a double-digit seed reached the Final Four in NCAA Tournament history (1986 LSU Tigers, 2006 George Mason Patriots, 2011 VCU Rams).Do you remember the last time Syracuse played Arizona State?The most recent meeting between Syracuse and Arizona State came in the Round of 32 in the 2009 NCAA Tournament. The No. 3 Orange defeated the No. 6 Sun Devils, 78-67. Eric Devendorf led the way with 21 points and Andy Rautins contributed 17 points off the bench.Rihards Kuksiks and Ty Abbott powered ASU’s offense, scoring 20 points apiece, while current Houston Rockets star James Harden shot 2-for-10, scoring just 10 points. Syracuse fell to Blake Griffin-led No. 2 Oklahoma, 84-71, in the Round of 16 five days later.Do you remember the last time Syracuse was in the same region as Kansas?In the 2014 NCAA Tournament, Kansas and Syracuse were the No. 2 and No. 3 seeds in the South Region, respectively. In the Round of 64, the Orange trounced No. 14 Western Michigan, 77-53, behind 18 points from Trevor Cooney, while the Jayhawks beat No. 15 Eastern Kentucky, 80-69.Both teams suffered narrow defeats to double-digit seeds in the Round of 32. SU was upset by No. 11 Dayton, 55-53, and Kansas fell to No. 10 Stanford, 60-57. Syracuse began the 2013-14 season 25-0, but lost six of its last nine games.Do you remember the last time Syracuse was in the same region as Duke?Following its historic Big East Tournament victory led by Gerry McNamara in 2006, Syracuse was bounced in the first round of the NCAA Tournament by No. 12 Texas A&M, 66-58, in Atlanta, Georgia. After averaging 16.3 points per game in the Big East Tournament, McNamara went 0-for-6 shooting, scoring two points. The Aggies were eliminated by No. 4 LSU in the following round.In the Round of 16, the Tigers ended No. 1 Duke’s season. The Blue Devils were 30-3 entering the tournament, with ultimate Wooden Award winner J.J. Redick leading the way. After defeating No. 16 Southern and No. 8 George Washington in the first two rounds, Duke fell to LSU, 62-54, due in part to a 3-of-18 shooting performance from Redick. No. 3 Florida won its first of two-straight national titles that year.Do you remember the last time Syracuse played against Bobby Hurley?In the 1989 ACC-Big East Challenge, No. 1 Syracuse slid past No. 6 Duke, 78-76. SU’s Stephen Thompson played all 40 minutes and scored a team-high 21 points, while Billy Owens and Derrick Coleman chipped in 18 and 16 points, respectively. Duke freshman Bobby Hurley, who went on to win back-to-back NCAA Championships in 1991 and 1992, tallied four points. The Blue Devils’ Robert Brickey dropped 21 points and Christian Laettner added 19 points.The Orange was a No. 2 seed in the Southeast Region in the 1990 NCAA Tournament, and defeated No. 15 Coppin State and No. 7 Virginia before falling to No. 6 Minnesota in the Round of 16, 82-75. No. 3 Duke won the East Region, eliminating No. 1 Connecticut to advance to the Final Four in Denver, Colorado. The Blue Devils beat No. 4 Arkansas in the national semifinal, but were dominated by Jerry Tarkanian’s UNLV Runnin’ Rebels in the final, 103-73. Commentslast_img read more