Lady Gaga's two French bulldogs which were stolen at gunpoint in Hollywood have been safely returned. AFP
Lady Gaga's two French bulldogs which were stolen at gunpoint in Hollywood have been safely returned. AFP
Lady Gaga's two French bulldogs which were stolen at gunpoint in Hollywood have been safely returned. AFP
Lady Gaga's two French bulldogs which were stolen at gunpoint in Hollywood have been safely returned. AFP

Lady Gaga's dog walker thanks singer for support after shooting: 'A very close call'


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Lady Gaga's dog walker, who was shot last week during a robbery in which two of the singer’s French bulldogs were stolen, has described his recovery “from a very close call with death".

Ryan Fischer was shot once as he walked three of the star's dogs on Wednesday night on a street just off the famed Sunset Boulevard in Hollywood, California.

Video captured by the doorbell camera of a nearby home recorded Fischer's screams of "Oh my God! I've been shot!" and "Help me!" and "I'm bleeding out from my chest!" A third dog, named Asia, escaped the assailants.

The doorbell video shows a white sedan pulling up and two men jumping out. They struggled with the dog walker before one pulled a gun and fired a single shot before fleeing with two of the dogs.

In social media posts uploaded on Monday, Fischer shared pictures taken from his hospital bed, where he said “(a) lot of healing still needs to happen” but he looks forward to reuniting with the dogs.

"The gratitude for all the love I feel from around this planet is immense and intense. I felt your healing support! Thank you," he wrote.

"I am humbled and grateful that attention and focus from the police were enough to get Koji and Gustav back to safety, and I know they are committed to bringing these criminals and attempted murderers to justice."

Fischer also included a message for Lady Gaga, thanking her for "showing so much support throughout this whole crisis".

"But your support as a friend, despite your own traumatic loss from your kids, was unwavering. I love you and thank you," he added.

Police are seeking two men in the attack and said on Monday they are still investigating.

The two dogs, named Koji and Gustav, were returned unharmed on Friday evening when a woman showed up at a Los Angeles police station with them.

Detectives do not believe she was involved in the robbery or shooting and did not know if she would receive the $500,000 reward Lady Gaga had offered for the dogs' return. The singer is currently in Rome filming a movie.

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A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

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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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Rating: 1 out of 4

Running time: 81 minutes

Director: David Blue Garcia

Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham

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