Manziel to sit first half of opener


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Facing another problem that could have derailed his football career, Texas A&M's Heisman Trophy-winning quarterback Johnny Manziel has evaded serious punishment one more time.
Manziel was suspended Wednesday for the first half of the Aggies' season opener against Rice on Saturday for what the school said was an "inadvertent" violation of NCAA rules involving signing autographs.
The quarterback was being investigated for allegedly accepting money for autographs from memorabilia brokers, a violation of NCAA rules that could have led to a much longer suspension. ESPN first reported the allegations against Manziel earlier this month.
The latest problem isn't the first time off-the-field trouble has put Manziel's career in jeopardy.
Manziel was arrested last summer after a bar fight near campus and charged with disorderly conduct, possession of a fake ID and failure to identify himself to police. It was an incident that put him in danger of being suspended from school and left him having to earn the starting job in fall camp.
Manziel admitted this June that he failed to identify himself to police following the altercation. As part of a plea deal, other charges against the 20-year-old, including disorderly conduct, were dismissed, and it looked as though Manziel's trouble was behind him before the latest problems came to light.
The news of Manziel's suspension was the talk of Twitter on Wednesday, with many questioning the length of the suspension. Former NFL and MLB star Deion Sanders was incredulous at the brevity of Manziel's suspension, after Dez Bryant was suspended for an entire season while at Oklahoma State after lying about having dinner with Sanders.
"Can we investigate the investigators? (at)DezBryant got suspended a season 4 lying about a dinner that wasnt a violation & Manziel gets a half," Sanders tweeted soon after the ruling was made public.
The decision also had a major impact in Las Vegas, where the odds of Manziel's chances of repeating as a Heisman winner and Texas A&M's chances of winning the national championship shifted dramatically. RJ Bell, the founder of sports betting website Pregame.com, said Manziel's chances of winning the Heisman jumped from 12/1 to 6/1, and the team's shot at the title increased from 18/1 to 10/1.
The penalty appears to have brought a quick end to an investigation that could have ruined the seventh-ranked Aggies' season (www.aggieathletics.com).
The school issued a statement Wednesday saying it declared the Heisman winner ineligible and that the NCAA agreed to reinstate Manziel after he sits out the first half against the underdog Owls.
"I am proud of the way both Coach Sumlin and Johnny handled this situation, with integrity and honesty," Texas A&M Chancellor John Sharp said in the statement. "We all take the Aggie Code of Honor very seriously and there is no evidence that either the university or Johnny violated that code."
According to the statement, Texas A&M and the NCAA "confirmed there is no evidence Manziel received money in exchange for autographs based on currently available information and statements by Manziel."
Conditions for reinstatement include Manziel discussing his actions with teammates and A&M revising how it educates student-athletes about signing autographs.
"Student-athletes are often asked for autographs from fans, but unfortunately, some individuals' sole motivation in seeking an autograph is for resale," said Kevin Lennon, NCAA vice president of academic and membership affairs. "It is important that schools are cognizant and educate student-athletes about situations in which there is a strong likelihood that the autograph seeker plans to resell the items."
Manziel likely will be replaced for the opening half by either junior Matt Joeckel or freshman Kenny Hill. Joeckel has thrown only 11 passes in his college career.
Manziel became the first freshman to win the Heisman last season, setting numerous school and Southeastern Conference records while leading A&M to an 11-2 mark and a victory over No. 1 Alabama in its first season in the SEC.
He followed that with a high-profile offseason of road trips to Las Vegas and the NBA Finals. Manziel got to meet Heat star LeBron James and rapper Drake, and he posted some Tweets that made headlines.
His biggest misstep, however, came during the summer when he departed early from a quarterback camp for high school players run by the Manning family in Louisiana. Manziel said it was a mutual decision after he overslept and missed meetings and activities.
Dat Nguyen, an All-America linebacker at Texas A&M in the 1990s and former assistant coach for the Aggies, lamented Manziel's mistakes, but noted what he's done for the program.
"I'm a little bit disappointed with what's going on down there," Nguyen said recently. "Going into the season I thought this would be the year for A&M to win a national championship and this has been a distraction. He made a bad decision and he's just got to move on ... but overall the guy has put A&M back on the map."
Former Texas A&M coach R.C. Slocum, who is now a special adviser to the school's president, has watched Manziel's career with great interest and is looking forward to seeing how he'll follow up his incredible first season.
"This young man has been in a position that no one has ever been in," Slocum said before the suspension was announced. "He's been a freshman and a 20-year-old winner of the Heisman Trophy, and he's done some great things with that and he's had a few things I'm sure he'd like to have a do-over with. And if I were advising him, I might have said, 'That's probably not in your best interests to do that or say that or be there,' but in terms of the upcoming season, I'm as anxious as anybody to see what happens and see what the results are."
Manziel was the main attraction at SEC Media Days, where he was peppered with questions but answered with the same cool and calm he often shows in the face of a pass rush.
"I don't feel like I've done anything that's catastrophic," Manziel said at the time. "Of course, I've made my mistakes. It's time to grow up."
The day before the Aggies reported for preseason practice, ESPN reported Manziel signed thousands of autographs for brokers in Texas, Florida and Connecticut, and cited unidentified sources who said Manziel was paid thousands for dollars for the signatures.
Manziel has been off-limits to the media since news broke of the NCAA investigation, but has been practicing with the Aggies.
pchayney@thenational.ae

RESULT

Esperance de Tunis 1 Guadalajara 1 
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’

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.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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Company%20Profile
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COMPANY PROFILE

Founders: Sebastian Stefan, Sebastian Morar and Claudia Pacurar

Based: Dubai, UAE

Founded: 2014

Number of employees: 36

Sector: Logistics

Raised: $2.5 million

Investors: DP World, Prime Venture Partners and family offices in Saudi Arabia and the UAE

MATCH INFO

Jersey 147 (20 overs) 

UAE 112 (19.2 overs)

Jersey win by 35 runs

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

Pathaan
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GRAN%20TURISMO
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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The Specs:

The Specs:

Engine: 2.9-litre, V6 twin-turbo

Transmission: 8-speed automatic

Power: 444bhp

Torque: 600Nm

Price: AED 356,580 incl VAT

On sale: now.