Astronautalis, who will perform in Dubai on December 3. Megan Thompson
Astronautalis, who will perform in Dubai on December 3. Megan Thompson
Astronautalis, who will perform in Dubai on December 3. Megan Thompson
Astronautalis, who will perform in Dubai on December 3. Megan Thompson

Astronautalis on Middle East debut: ‘I can’t possibly explain how excited we are to be coming to Dubai’


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Astronautalis – otherwise known as 33-year-old Floridian native Charles Andrew Bothwell – is a mass of contradictions.

He is a “hip-hop” (note the quote marks) artist beloved by indie kids. A rapper signed to a punk label (OneSideDummy). A chameleon as likely to be backed by ragged guitar riffs, throbbing synths or glitchy soundscapes as urban beats and breaks. And it’s not as though he just raps.

In short, he is the walking embodiment of a 21st-century artist – ­underground, independent, largely self-promoted, but with a huge network of loyal fans thanks to the internet.

Ahead of his Middle Eastern debut, at which he will perform backed by a full live band for Bad House Party tonight, we grilled him on both counts.

Ten years ago, before the internet turned the music industry upside down, would you be where you are today?

The people who got the most upset about file-sharing and music piracy were the people who were already making money. For folk like myself, who got in at the very bottom, we were used to not making any money or selling many records. I certainly wouldn’t have the career that I have or the fan base I have if it wasn’t for file-sharing, Spotify or any of that stuff. I will always prefer it if people buy my records, but I don’t begrudge people – because I also used Napster and BitTorrent, and I use Spotify now.

Is this model the future?

For the longest time in music, there was no middle class. You were either nobody, or Bon Jovi. Now, what’s emerged is the opportunity to be lower-­middle class, upper-middle class – there are now tiers of earning and success that are sustainable models that you can raise a family on. I have no desire to be U2 – that notion, that way of life, seems uncomfortable to me. But ultimately I am on a track – I pay my rent, I have my apartment. I’m not rich by any stretch, but I make a living.

Congratulations on the new single, Sike!, the first from next year’s new record. It’s already four years since This Is Our Science. Nervous?

I’m always worried about the reaction – when I’m writing it, recording it, mixing it. But, ultimately, I think that’s a good thing because if I’m writing a bunch of music just thinking “everyone is going to love this”, then I should be very scared of what I’m creating – frankly, I’d be worried if I wasn’t worried.

By the sounds of it, the new record is going in a much harder ­direction?

For sure. For a long time I was striving to make very pretty music. Mostly, I had a total dissatisfaction with what rap had become – and, honestly, right now I feel it’s one of the most exciting eras in the history of rap music and, as a result, I find myself having fallen back in love with rap.

Is anyone exciting you in ­particular?

It’s exciting because of the sheer diversity and the broad spectrum of things. Rap has sort of become pop music now – pop singers are going to beat-makers to make songs for them. But then you branch out and artists such as Kendrick [Lamar] – the fact he made that challenging, wildly creative record [To Pimp a Butterfly] and have everybody in the world checking for it, that’s such an incredible testament to what listeners are looking for, what labels are doing and what artists are capable of right now. That record, to me, is a thrill.

What inspired your new record lyrically?

I’ve been in a bit of a quandary as a person, as an American, and as a guy in his thirties. I became frustrated with the behaviour and expectations of people of my age and younger in the West – and especially in America. The belief that “someone else should do it for me” is a constant refrain and, ultimately, we have lost a lot of our drive and determination. I’ve learnt this because I’ve seen this drive and determination in places that are much less comfortable and stable financially. I often joke that I don’t really see people living the American dream in America any more, but I see people chasing the American dream in Romania, Slovakia, Russia... I feel like my generation is at worst expectant and, at best, feeling defeated by the world around them.

Any expectations from your first Middle Eastern gig?

Of course, there’s everything everybody knows about Dubai – but I also come from a place people know superficially before they get there, so I’m really excited to learn a lot more. In my research, I found it’s the falconry capital of the world, which I think is incredibly badass. I can’t possibly explain how excited we are to be coming to Dubai – when we first got the offer, I didn’t tell anybody, my friends, family – I didn’t even tell the band because I didn’t want to jinx it. I’m honestly tripping out – I’m really pumped.

Astronautalis performs on Thursday, December 3 at Casa Latina, Ibis Al Barsha, Dubai. Doors open at 9pm, tickets are Dh100

rgarratt@thenational.ae

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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.”

UAE currency: the story behind the money in your pockets
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