• Alec Baldwin outside the Santa Fe County Sheriff's Office in New Mexico, after he was questioned about a shooting on the set of the film 'Rust', which killed cinematographer Halyna Hutchins and wounded director Joel Souza. AP
    Alec Baldwin outside the Santa Fe County Sheriff's Office in New Mexico, after he was questioned about a shooting on the set of the film 'Rust', which killed cinematographer Halyna Hutchins and wounded director Joel Souza. AP
  • A distraught Alec Baldwin lingers in the car park outside the Santa Fe County Sheriff's Office. AP
    A distraught Alec Baldwin lingers in the car park outside the Santa Fe County Sheriff's Office. AP
  • The entrance to the film set of 'Rust'. Reuters
    The entrance to the film set of 'Rust'. Reuters
  • The entrance to the Bonanza Creek Ranch used for film shoots. AP
    The entrance to the Bonanza Creek Ranch used for film shoots. AP
  • A vehicle from the Santa Fe County Sheriff's Office exiting the set of 'Rust'. Reuters
    A vehicle from the Santa Fe County Sheriff's Office exiting the set of 'Rust'. Reuters
  • Media crews outside the gate of the film set of 'Rust'. Reuters
    Media crews outside the gate of the film set of 'Rust'. Reuters
  • Director of photography Halyna Hutchins was fatally shot by Alec Baldwin on the set of 'Rust'. AP
    Director of photography Halyna Hutchins was fatally shot by Alec Baldwin on the set of 'Rust'. AP
  • Journalists outside the Santa Fe County Sheriff's Office in New Mexico. AP
    Journalists outside the Santa Fe County Sheriff's Office in New Mexico. AP
  • Security guards block the Bonanza Creek Ranch. AP
    Security guards block the Bonanza Creek Ranch. AP
  • The Bonanza Creek Ranch where 'Rust' was being filmed, one day after the incident. Photo: Roberto E Rosales / Albuquerque Journal
    The Bonanza Creek Ranch where 'Rust' was being filmed, one day after the incident. Photo: Roberto E Rosales / Albuquerque Journal
  • A sign points to the Bonanza Creek Ranch in Santa Fe. AFP
    A sign points to the Bonanza Creek Ranch in Santa Fe. AFP
  • A security guard speaks with a compliance officer from the State of New Mexico at the Bonanza Creek Ranch where 'Rust' was being filmed. AFP
    A security guard speaks with a compliance officer from the State of New Mexico at the Bonanza Creek Ranch where 'Rust' was being filmed. AFP
  • Security guards at the entrance of the 'Rust' film set. AP
    Security guards at the entrance of the 'Rust' film set. AP
  • A vigil in Albuquerque, New Mexico, held in the honour of cinematographer Halyna Hutchins. AP
    A vigil in Albuquerque, New Mexico, held in the honour of cinematographer Halyna Hutchins. AP
  • A candle bearing Halyna Hutchins's name is placed among others during a vigil in her honour. AP
    A candle bearing Halyna Hutchins's name is placed among others during a vigil in her honour. AP
  • A large crowd of movie industry workers and New Mexico residents attend the candlelight vigil. AP
    A large crowd of movie industry workers and New Mexico residents attend the candlelight vigil. AP
  • New Mexico residents at the vigil. AP
    New Mexico residents at the vigil. AP
  • Members of the local film community mourn the loss of Halyna Hutchins. Reuters
    Members of the local film community mourn the loss of Halyna Hutchins. Reuters
  • Film industry worker Jake Extine pays his respects. AP
    Film industry worker Jake Extine pays his respects. AP
  • A sign calling for workplace safety at the vigil. Reuters
    A sign calling for workplace safety at the vigil. Reuters
  • People light candles to honour Halyna Hutchins. AP
    People light candles to honour Halyna Hutchins. AP

Culture

Film

Video of Alec Baldwin rehearsing with gun on 'Rust' set released by New Mexico sheriff

The footage shows the actor practising with what appears to be the firearm that went off in his hand

Reuters

April 26, 2022

  • English
  • Arabic

A New Mexico county sheriff on Monday released a video of actor Alec Baldwin rehearsing with an old-west style revolver on the set of the filmRust before the gun went off in his hand, killing cinematographer Halyna Hutchins.

Santa Fe County Sheriff Adan Mendoza also made public crime scene photos and videotaped interviews with cast members of Rust, including Baldwin, but said a formal decision on criminal charges would depend on further forensic examination.

"Various components of the investigation remain outstanding, including FBI firearm and ballistic forensics along with DNA and latent fingerprint analysis, [coroner's] findings and the analysis of Mr Alec Baldwin's phone data extracted by Suffolk County Sheriff's investigators," Mendoza said.

Alec Baldwin being questioned by officers on the set of 'Rust' at Bonanza Creek Ranch in New Mexico following the death of cinematographer Halyna Hutchins. AFP
Alec Baldwin being questioned by officers on the set of 'Rust' at Bonanza Creek Ranch in New Mexico following the death of cinematographer Halyna Hutchins. AFP

The state of New Mexico last week fined Rust Movie Productions the maximum amount possible, $137,000, for what it called "wilful" safety lapses leading to the death of Hutchins.

The 42-year-old was killed during filming in October when the revolver Baldwin was holding fired a live round that struck her in the chest and lodged in the shoulder of director Joel Souza, who survived the gunshot wound.

Baldwin has denied responsibility for Hutchins' death and said live rounds should never have been allowed on to the set of the film at Bonanza Creek Ranch in New Mexico.

The footage released on Monday, with no accompanying sound, shows Baldwin in costume as an old west gunslinger practicing with what appears to be the gun that went off in his hand, killing Hutchins.

Separate video shows the actor being questioned by officers at the scene of the shooting as well as in a police station.

Baldwin, a producer on the film, has been named in several lawsuits filed in connection with Hutchins's death, including one by her husband, Matthew.

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.”

While you're here
On Women's Day
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Updated: April 26, 2022, 5:32 AM
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