Fred Willard, the actor who made generations laugh thanks to his natural likeability and pitch perfect deadpan delivery, has died aged 86. He worked on numerous films and TV shows across five decades
The star of Best in Show and A Mighty Wind passed away due to natural causes on Friday, May 15 according to his spokesperson.
News of his death was first shared by actress Jamie Lee Curtis, whose husband, Christopher Guest, was a frequent collaborator with Willard.
"How lucky that we all got to enjoy Fred Willard’s gifts. He is with his missed Mary now," Curtis wrote on Twitter, referring to Willard's late wife, who was a playwright and died in 2018.
"Thanks for the deep belly laughs Mr. Willard."
Tributes to the actor, who made hundreds of loveable cameos on both the big and small screen over the years, also flowed from the likes of Steve Carell, Christina Applegate and Jimmy Kimmel.
"Fred Willard was the funniest person that I've ever worked with. He was a sweet, wonderful man," tweeted Carrell, who worked with the actor on Anchorman.
Willard, who made his film debut in 1967's Teenage Mother, leaves behind daughter Hope Mulbarger, who said she will "miss him forever".
“My father passed away very peacefully last night at the fantastic age of 86 years old," Mulbarger said in a statement on Saturday. "He kept moving, working and making us happy until the very end. We loved him so very much! We will miss him forever.”
Willard is expected to make his last on-screen appearance in Space Force, a Netflix comedy series featuring Carell and John Malkovich, which will premiere on Friday, May 29.
Ahead of its debut, we take a look back at Willard's filmography, to uncover his most enduring roles to rewatch in his memory.
Six things to watch in memory of Fred Willard
'Anchorman: The Legend of Ron Burgundy' (2004)
The actor starred as harried TV station manager Ed Harken in this cult comedy, produced by Judd Apatow. With Will Ferrell – who also co-penned the script – in the titular role, the film is set around a US TV channel in the 1970s, where a chauvinistic news reader is dismayed to find out his new anchorman is a, well, anchorwoman. Willard's character is constantly pulled between the two sparring broadcasters in a series of witty scenes in the comedy, which spawned a sequel in 2013.
'Modern Family' (2009-2020)
Willard starred in a number of episodes of this family sitcom as Frank Dunphy, the father of the show's patriarch, Phil Dunphy. The actor's natural effervescence and charm lends itself perfectly to the role, in which he dotes on his son and grandchildren whenever he comes to visit – as well as indulging in a prank or two. Willard was nominated for an Emmy for Outstanding Guest Actor in a Comedy Series at the 2010 awards for his work on the show.
'This is Spinal Tap' (1984)
This seminal Rob Reiner mockumentary, which follows a fictional British heavy metal band on a US tour, introduced Willard to a wider audience at the time. The actor played Lt Bob Hookstratten, who met the band ahead of their performance at an Air Force base. During his tour of the venue, Willard drops a trail of zingy one-liners, such as: "I better not get too close. People will think I'm part of the band."
'The Bold and the Beautiful' (2014-2015)
Willard made a number of appearances on this long-running soap opera as John Forrester, the brother of show regular Eric Forrester, a fashion designer. He only cameoed in seven episodes, but his performance netted him a Daytime Emmy Award for Outstanding Guest Performer in a Drama Series.
'Everybody Loves Raymond' (2003-2005)
Willard made recurring appearances on this long-running sitcom series. The star played Hank MacDougall in a total of 13 episodes, the father of the titular character's sister-in-law. Willard was subsequently nominated for a Primetime Emmy Award for Outstanding Guest Actor in a Comedy Series for his performance.
'Waiting for Guffman' (1996)
Willard starred among the ensemble cast in Christopher Guest's mockumentary comedy, playing a travel agent who signs up to star in a stage musical with his wife. The film, which also stars Eugene Levy, Catherine O'Hara and Parker Posey shows the lead-up to and the performance of a community theatre production, put on to celebrate the 150th anniversary of a fictional small town in the US.
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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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