Derelict motels serve as community centres after civilisation’s collapse in Emily St John Mandel's novel. iStockphoto
Derelict motels serve as community centres after civilisation’s collapse in Emily St John Mandel's novel. iStockphoto

At world’s end, again: Station Eleven doesn’t breathe new life into the apocalypse



Having watched both World War Z (passably chilling) and Dawn of the Planet of the Apes (mind-numbingly predictable) in the days before I picked up Emily St John Mandel's Station Eleven [Amazon.com; Amazon.co.uk], the prospect of yet another post-pandemic narrative left me with certain expectations. This didn't simply have to be better; I wanted something that set itself apart from the pack. To begin with, I thought I'd struck gold, but as I read on, I found myself less and less convinced.

Mandel's story begins in the middle of a performance of King Lear at a theatre in Toronto. The lead, Arthur Leander – a Canadian whose years in Hollywood have led to fame and fortune, not to mention a bevy of ex-wives and divorce scandals – collapses from a heart attack mid-scene and is dead before he hits the boards. Meanwhile, the city's ER departments are seeing their first cases of a virulent strain of influenza, carried by passengers on planes from Russia, the virus originating in neighbouring Georgia. With an incubation period of a matter of hours, and a mortality rate of 99 per cent, the end of the world as we know it is already under way.

Fast-forward 20 years and a company of Shakespearean actors and an orchestra collectively known as The Travelling Symphony wander the Great Lakes bringing entertainment to the “archipelago of small towns” that is civilisation in Year Twenty: groups of survivors “clustered close together for safety in truck stops and former restaurants and old motels”, fending off ferals and religious fanatics, living without electricity or medicine. Henceforth the story flits back and forth between the pre- and post-collapse worlds, a chronology of events slowly taking shape like “the pieces of a pattern drifting closer together”.

Just as Lear is a play that concerns itself with the idea of legacy, it's Leander himself, and the moment of his death, that becomes the focal point around which the characters' lives henceforth play out in relation to him and each other. There is, of course, something of Shakespeare's king's fractured and lawless kingdom in Mandel's post-collapse world, but look for further resonances between the two stories and you'll be ­disappointed.

The most notable parallel is actually that between the imaginary “Undersea” of the Station Eleven comic strip, a world of trapped people waiting in limbo for rescue. This strip was the pet project of Arthur’s first wife Miranda, and two copies of it survive the collapse. The strip comes to take on totemic significance to Kirsten, a young actress with the Symphony who’s obsessed with Leander since starring with him as a child in that fateful Toronto ­performance.

On the night he dies, Arthur’s girlfriend comes across a copy of the comic recently gifted him by Miranda. “I never really understood the point of it,” he admits. “I like it,” she replies. “The art’s really good, isn’t it?” And, as if to agree, “She liked drawing more than she liked writing the dialogue,” he ­explains.

One might equally sum up Mandel's novel thus. Her world is visually stunning – fully realised, whether it's the details of the dust that hovers above the recently disturbed husk of a child's body long ago tucked into its bed, or the claustrophobia of a gilded Hollywood Hills existence – and she has a wonderful way with words – the description, for example, of the promise of danger lurking in a false prophet's speech, the "suggestion of a trapdoor waiting under every word" – and in many ways the novel is a timely reminder of our mortality, what with the Ebola outbreak, not to mention the impending annual flu season, but strip the somewhat cluttered plot away and, like Leander, I can't help but wonder what the point of it all is. As much as I enjoyed the writing, when I tried to work out what Station Eleven was doing differently, I came up empty-handed.

Interviewed in The New York Times, Mandel explained that she wanted to "write a love letter to the modern world", but her lists of things lost – the "splendours of the former world, the space shuttles and the electrical grid and the amplified guitars" – or those now without practical use – mobile phones, iPads, laptops, stilettos, car engines, passports – rather than inspiring me to see the glories of the world around me anew, instead left me pondering the futility of it all. Maybe I've just got dystopian fiction fatigue, but from a genre that can stop you in your tracks when executed well, I want more than a gentle, though admittedly poetic, reminder to gather my rosebuds.

Lucy Scholes is a freelance journalist who lives in London.

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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.”

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