Queen Park Rangers are suddenly looking good ahead of their fixture against struggling Sunderland. Stefan Wermuth / Reuters
Queen Park Rangers are suddenly looking good ahead of their fixture against struggling Sunderland. Stefan Wermuth / Reuters
Queen Park Rangers are suddenly looking good ahead of their fixture against struggling Sunderland. Stefan Wermuth / Reuters
Queen Park Rangers are suddenly looking good ahead of their fixture against struggling Sunderland. Stefan Wermuth / Reuters

Queens Park Rangers could stay up in the Premier League with a bit of luck


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Football, at times, can be a mystifying game. Teams suddenly cannot win a point, players suddenly cannot stop scoring and none of it ever seems entirely explicable.

There is talk of form and momentum but really, what is that? Why does every shot Gareth Bale has from 30 yards seem to go in these days, and why was that not happening at the start of the season?

In The Numbers Game, their new book looking at how statistics can help explain football, authors Chris Anderson and David Sally make the point that in the English Premier League, where there are not huge differentials of ability, around half of all results are down to luck.

This seems a massive figure and yet most fans probably instinctively accept that the difference between, say, sixth and 14th in the table is minimal.

But there is a fortune factor. Win luckily this week, confidence is raised and you are more likely to win next week.

Win luckily two weeks in a row and the boost to confidence is exponential. And confidence, clearly, is a major issue. Players suffering self-doubt are hesitant, their muscles move less freely, they over think and their decisions override the instincts that lie behind much of sporting greatness.

And that is why there is still hope for Queens Park Rangers. They remain bottom of the table, four points from safety.

They have only half of the 40 points usually regarded as the benchmark for safety and, while this year it will probably take four of five fewer, that would still require almost doubling their present rate of points accumulation over the final 10 games of the season.

They have won only three of 28 matches. They need to leapfrog not just one team to survive but three. And yet a situation that looked impossible on Saturday lunchtime suddenly, after a 2-1 win over Southampton, appears salvageable.

The gap to safety has fallen from six points to four.

This Saturday, they face Sunderland, who are without a win in five games and are nervously looking over their shoulders at the six points that separate them from the drop zone. They are a club with a recent history of collapses. Trauma lies near the surface and could easily be awakened.

It should not happen, but momentum – if that is what we are calling it – is a powerful thing.

What is needed for QPR is an enormous confidence trick – and frankly there is no manager better equipped than Harry Redknapp to pull that off.

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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.”

TOUR RESULTS AND FIXTURES

June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15 (First Test)
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24 (Second Test)
July 8: New Zealand v Lions (Third Test) - kick-off 11.30am (UAE)