Houston Texans defensive end J.J. Watt (99) of the AFC pulls down New York Giants defensive end Jason Pierre-Paul (90) of the NFC after Pierre-Paul made an interception during the forth quarter of the NFL Pro Bowl football game in Honolulu, Sunday, Jan. 27, 2013. The NFC beat the AFC 62-35. (AP Photo/Marco Garcia) *** Local Caption *** APTOPIX Pro Bowl Football.JPEG-0fb29.jpg
Houston Texans defensive end J.J. Watt (99) of the AFC pulls down New York Giants defensive end Jason Pierre-Paul (90) of the NFC after Pierre-Paul made an interception during the forth quarter of the NFL Pro Bowl football game in Honolulu, Sunday, Jan. 27, 2013. The NFC beat the AFC 62-35. (AP Photo/Marco Garcia) *** Local Caption *** APTOPIX Pro Bowl Football.JPEG-0fb29.jpg
Houston Texans defensive end J.J. Watt (99) of the AFC pulls down New York Giants defensive end Jason Pierre-Paul (90) of the NFC after Pierre-Paul made an interception during the forth quarter of the NFL Pro Bowl football game in Honolulu, Sunday, Jan. 27, 2013. The NFC beat the AFC 62-35. (AP Photo/Marco Garcia) *** Local Caption *** APTOPIX Pro Bowl Football.JPEG-0fb29.jpg
Houston Texans defensive end J.J. Watt (99) of the AFC pulls down New York Giants defensive end Jason Pierre-Paul (90) of the NFC after Pierre-Paul made an interception during the forth quarter of the

All-Stars games and no substance in the United States


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JJ Watt, the Houston Texans defensive end, displayed a bloodied finger to the television cameras on Sunday, suggesting that players were really, truly trying in the NFL All-Star game, aka the Pro Bowl. In case Roger Goodell, the commissioner, did not get the message, he said on air, "Hey, Commish, we're playing hard."

In fact, Watt was discrediting this sham of a sports event by illustrating how the treatment of an injured finger interrupts the boredom of the medical staff. In legitimate games, sidelines (sadly) often resemble triage units.

In America, we are mired in the midst of what is normally the Silly Season, when three of the four major leagues -NFL, NBA, NHL - conduct faux competitions within a few weeks of each other. (One blessing from the hockey lockout was the cancellation of this year's passive group skate.)

Baseball's summer game is separated not only by the calendar but by an earnest approach from players. Even so, what once was a circled in red date is no longer must-see. The gathering of stars serves some purpose. Fans relish seeing all of them in one setting.

The problem is, the games themselves, to varying degrees, are enough of a departure from the real deal to almost rise to the level of mockery. The "skills" sideshows that have cropped up around them, such as the NBA's dunk and three-point contests, sometimes turn out just as intense as the main event.

Ranking the All-Star games, from worst to first:

4. Ice hockey is all about hitting. Yet, with the gentlemen's agreement to avoid checking, these scarred, toothless players actually become gentlemen, thus distorting the sport. Worse, slap shots customarily are discharged only if no defender is in the path of the puck.

The outcome is insane results: The last three NHL games have generated 21, 21 and 23 goals.

Attempts to jazz up the game, with rosters determined by the captains' draft, is but a salve on a deep wound. Without physicality, ice hockey becomes figure skating with sticks.

3. The NFL's Pro Bowl has its own ponderous rule book. On offence, a maximum of two receivers, a ban on motion or shifting and intentional grounding allowed. On defence, no blitzing, a limit on pass rushers and only 4-3 alignments. Maybe they should just play touch football.

Warned by Goodell to exert more effort lest the game be discontinued, players did break a sweat, at least on offence. (Score: 62-35.) But how can it be taken seriously when the retiring centre Jeff Saturday snaps for both sides, players provide in-game TV interviews and the referee Ed Hochuli, while announcing a pass interference in the second quarter that represented the first dropped flag, said, "Yes, there are penalties in the Pro Bowl."

2. Because basketball is inherently artistic, more individualised and less injurious than hockey and football, it translates better to the All-Star format. Yet the lowest losing team score over the past three years is 139.

Guarding someone is discouraged. The thrill of a driving slam or an alley-oop in games that matter stems from players slicing through and/or going over the defence. Here, the mantra is, just get out of the way.

1. Pitchers restricted to one or two innings might seem unsettling at MLB's affair, but it allows them to throw all out without fear of adding to eventual arm fatigue. Hitters dig in.

Presto: a fair facsimile of an actual game. In contrast to the others, baseball All-Star scoring has been lower than in the regular season, the last seven games averaging just 6 runs.

In 1970, base runner Pete Rose ploughed into catcher Ray Fosse at the plate, causing a shoulder injury that shortened Fosse's career. Uncalled for in a meaningless game? Perhaps, but something is amiss when the most severe All-Star injuries are handled by a baseball medical crew.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5