The Hollywood Foreign Press Association (HFPA) held an untelevised Golden Globes that was largely ignored by Hollywood, with winners unveiled via a live blog without any of the usual A-list glamour. AFP
The Hollywood Foreign Press Association (HFPA) held an untelevised Golden Globes that was largely ignored by Hollywood, with winners unveiled via a live blog without any of the usual A-list glamour. AFP
The Hollywood Foreign Press Association (HFPA) held an untelevised Golden Globes that was largely ignored by Hollywood, with winners unveiled via a live blog without any of the usual A-list glamour. AFP
The Hollywood Foreign Press Association (HFPA) held an untelevised Golden Globes that was largely ignored by Hollywood, with winners unveiled via a live blog without any of the usual A-list glamour. A

The Golden Globes can't look ahead by hiding away


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The outbreak of the Omicron variant of Covid-19 could hardly have come at a better time for the Hollywood Foreign Press Association, the organisation behind the annual Golden Globe Awards. Still reeling from a 2021 that saw it slammed over the lack of diversity of its voting members, placed under the spotlight over allegations of bribery and “inappropriate gifts” influencing voting decisions, and with several celebrities publicly distancing themselves from the awards — Tom Cruise even returned his three Golden Globes for his roles in Magnolia, Jerry Maguire and Born on the Fourth of July — the Golden Globes went ahead in a private event last night.

There must at the very least have been a palpable sense of relief at the HFPA that this year’s non-event — with no red carpet, no TV broadcast, no celebs, and no outside media in attendance — could be blamed on the latest Covid developments. Instead of the usual glitzy show, this year saw a handful of HFPA members attend a low-key ceremony in the ballroom of the Beverley Hilton Hotel. The 90-minute event was not even live-streamed. Instead, fans eager to follow this year’s winners had to keep an eye on the HFPA’s social media feeds to keep up to date with what The New York Times disparagingly referred to as a “glorified Power Point presentation.” Variety reported last week that the Globes had approached several agencies in the hope of securing celebrity presenters, but none had agreed to take part. Essentially, the Omicron excuse allowed the Globes to dodge a bullet. By hiding away, however, this year’s event has also denied a voice to those who could perhaps have convinced us that things are genuinely changing at the HFPA.

This year’s winners were by and large a fairly safe list, perhaps unsurprisingly after a year dogged by controversy, but there were some notable wins for diversity. Jane Campion became only the third female director to claim the Best Director prize, for The Power of the Dog, Will Smith picked up a Best Actor nod for his role in the Williams sisters biopic King Richard, and prizes for Best Actress and Supporting Actress for West Side Story’s Rachel Zegler and Ariana DeBose brought some Latin flair to proceedings. Thanks to the secretive nature of this year’s event, however, these winners were denied the opportunity to tell us how they feel about the state of affairs at the HFPA. How do they feel about winning their prizes when the organisation is under such scrutiny? Do they sense a genuine appetite for change at the organisation? Would they have turned up to collect their prize at all if they had been invited?

The HFPA has undeniably made changes, both in terms of the diversity of its voters and in limiting the number of free holidays available to members at studios’ expense. It will doubtless be at pains to point out the historic significance of this year’s event — the first time the awards have been voted on by its new, [more] diverse judging panel, a year that saw a woman win Best Director and a black actor take Best Actor — but history, by its very nature, requires documenting. With no TV show, no live-stream, and not even any external media in attendance to record the evening’s events, it’s the kind of history that will be swiftly forgotten.

Awards shows are all about those unforgettable moments that live on in popular folklore: Faye Dunaway mistakenly naming La La Land as Best Picture before swiftly recanting and handing the award to the real winner, Moonlight, at 2017’s Oscars, or Jarvis Cocker gatecrashing the stage during Michael Jackson’s performance at 1996’s Brit Awards. Electric moments that have water coolers around the world abuzz the next day. It seems unlikely that too many office conversations today will start with the words “Did you see when the Golden Globes updated their website to say Hans Zimmer won Best Score for Dune? Amazing.”

By claiming to have made significant changes to the Globes’ whole outlook, but then denying a voice to anyone involved and getting the whole thing out of the way as quickly and quietly as possible with nothing preserved for posterity, the organisers would seem to have opened up a debate about whether they’re really serious about the changes at all.

Have the HFPA acted out of a genuine sense of contrition and desire to evolve, or simply because the bad press was becoming untenable — would any of this have happened at all had NBC not dropped the show from its schedule? The broadcaster has left the door open for the Golden Globes to return to TV screens next year, but it looks like a lot of Hollywood stars may yet need some convincing if next year’s event is to be the kind of star-studded Hollywood glamour-fest that makes it worth televising in the first place.

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While you're here
Tips to keep your car cool
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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.”

Buy farm-fresh food

The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce.

In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others. 

In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food. 

In Abu Dhabi, order farm produce from Food Crowd, an online grocery platform that supplies fresh and organic ingredients directly from farms such as Emirates Bio Farm, TFC, Armela Farms and mother company Al Dahra. 

Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Updated: January 10, 2022, 5:14 PM