Jude Law as young Albus Dumbledore and Eddie Redmayne, right, as Newt Scamander in the 'Fantastic Beasts: The Secrets of Dumbledore'. Photo: YouTube / Warner Bros Pictures
Jude Law as young Albus Dumbledore and Eddie Redmayne, right, as Newt Scamander in the 'Fantastic Beasts: The Secrets of Dumbledore'. Photo: YouTube / Warner Bros Pictures
Jude Law as young Albus Dumbledore and Eddie Redmayne, right, as Newt Scamander in the 'Fantastic Beasts: The Secrets of Dumbledore'. Photo: YouTube / Warner Bros Pictures
Jude Law as young Albus Dumbledore and Eddie Redmayne, right, as Newt Scamander in the 'Fantastic Beasts: The Secrets of Dumbledore'. Photo: YouTube / Warner Bros Pictures

Culture

Film

'Fantastic Beasts: The Secrets of Dumbledore' release date, cast and plot

The third film in the hit franchise will come out in April with a few new cast members

Evelyn Lau
Evelyn Lau

March 01, 2022

  • English
  • Arabic

A second trailer has been released for Fantastic Beasts: The Secrets of Dumbledore and fans can now get a closer look at Mads Mikkelsen as Gellert Grindelwald.

It is the third instalment in the Fantastic Beasts film series, which started with 2016’s Fantastic Beasts and Where to Find Them, and is a sequel to 2018’s Fantastic Beasts: The Crimes of Grindelwald. Here’s everything you need to know ahead of the film coming to theatres next month.

Who is in the cast of ‘Fantastic Beasts: The Secrets of Dumbledore’?

A number of stars from the previous films return in this one, including Jude Law as Dumbledore, Ezra Miller as Credence Barebone/Aurelius Dumbledore, and Eddie Redmayne as Newt Scamander. Also reprising their roles are Dan Fogler as Jacob Kowalski, Alison Sudol as Queenie Goldstein and Katherine Waterston as Tina Goldstein.

Eddie Redmayne and Katherine Waterston will reprise their roles. Photo: Warner Bros via AP
Eddie Redmayne and Katherine Waterston will reprise their roles. Photo: Warner Bros via AP

Replacing Johnny Depp as Grindelwald is Mikkelsen, who joined the cast after Depp was asked to drop out by Warner Bros over negative publicity in his libel case against The Sun newspaper.

Newcomers to the film include Jessica Williams as Professor Lally Hicks, William Nadylam as Yusuf Kama, Poppy Corby-Tuech as Vinda Rosier and Richard Coyle as Aberforth Dumbledore.

When is the release date for ‘Fantastic Beasts: The Secrets of Dumbledore’?

Although the film was delayed because of the pandemic, there is finally a release date. The movie will come out on Friday, April 8 in the UK, Friday, April 15 in the US and Thursday, April 28 in the UAE.

What is the film about?

The film is set years after the events of Fantastic Beasts: The Crimes of Grindelwald. Taking place in the 1930s, it sets up a global wizarding war that runs parallel to the Second World War. As Grindelwald sets his sights on taking over the wizarding world along with his growing number of followers, Dumbledore turns to Scamander and his friends to help take him down.

In addition, fans of the Harry Potter series will be brought back to familiar locations, including Hogsmeade, Hog's Head Inn and the Room of Requirement. The film will also reportedly take a look at other wizarding communities around the world including in Germany, China and Bhutan.

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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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