Robert Redford, right, and JC Chandor. Valery Hache / AFP
Robert Redford, right, and JC Chandor. Valery Hache / AFP
Robert Redford, right, and JC Chandor. Valery Hache / AFP
Robert Redford, right, and JC Chandor. Valery Hache / AFP

Coming face to face with mortality


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Last year, the writer and director J C Chandor received an Oscar nomination for his screenplay for Margin Call. The low-budget, multi-­character film was, and arguably still remains, the best attempt to dramatise the beginning of the financial crisis that has plunged many ordinary households in the West into ruin.

While his breathtaking follow-up, All Is Lost, couldn’t be more different – it is virtually wordless, and set entirely at sea – there is, perhaps, a connection. Stripped to the bone narratively and cast-wise, the film’s story of a lone sailor (Robert Redford) struggling to survive in a stricken yacht, feels like an allegory about life post-2008.

When everything is lost and people are forced to confront themselves in extremis, the big existential questions become harder to avoid. What are the things that make life worth living and give it value? Why battle on when death is inevitable?

“The only thing that everyone on planet Earth has absolutely in common with one another is that we are all going to die,” says Chandor. “All Is Lost is about a guy coming to grips with his mortality, which is something everybody is going to go through, sooner or later.”

Chandor had a near-death experience when, at age 19, he was involved in a car crash that killed a friend. Stumbling from the wreckage, he wasn’t sure if he was dead or alive.

“It’s horrible when it happens and then it’s kind of unbelievable for the next 15 years, because you feel like you’re on borrowed time,” he says. “And since then, I have never thought about it again.”

He didn’t even allow himself to go back there in his mind while filming All Is Lost. “I am still in denial. So, for me, this is about a guy who had been living in denial that he literally was ever going to die, and you’re there for the seven stages of grief for his own life.”

It seems fitting that the nameless, emblematic protagonist with no backstory is played by the 76-year-old Redford with such physicality that the actor – let alone the character – seems to be blithely oblivious to his own mortality.

“I would say there are eight shots of a stunt person,” says Chandor, marvelling at the veteran Hollywood star’s fitness. “He’s a very good athlete and very competitive. His knees, sadly, are a little arthritic because he’s been running his whole life, but his upper body is amazing.”

To take advantage of this, they added extra handles to the inside of the yacht. “So, he’s always – kind of like a monkey in the forest – holding on to things,” Chandor observes. “As long as his upper body’s there, he wasn’t going anywhere.”

Even so, Chandor would worry, “every night and every morning”, that something might happen to Redford. If he got hurt, his age and, more likely, his “very protective” wife, would have probably prevented his return to the set and the movie would have collapsed. “So we had to keep him safe,” he says. “But he’s got an ego on him, and he loves to go for it.”

Redford’s ego wasn’t so big, though, that he tried to encroach on Chandor’s directorship, even though the younger filmmaker admits he would have appreciated the input. “A couple of times I was like: ‘Hey, man, you’ve done this like eight or nine times. How about a little something, man?’ But he never looked at a frame. Never looked at the monitors. Never went in the edit room. Never saw a frame until six months later.”

Part of the draw of All Is Lost is that it features Redford’s first performance for someone else in almost a decade. “He was tired of directing and certainly tired of directing himself,” says Chandor. When he arrived on set, he’d just wrapped editing his thriller, The Company You Keep, and was ready, he said in Cannes, “to let myself go, [and] I gave myself up ­completely”.

The result is a performance that is already creating an Oscar buzz, in a movie expected to feature in the Best Film category. Despite its title, All Is Lost could turn out to be a big winner.

• All Is Lost is out tomorrow in UAE cinemas

The specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 849Nm

Range: 456km

Price: from Dh437,900 

On sale: now

The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

Power: 575bhp

Torque: 700Nm

Price: Dh554,000

On sale: now

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.”

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The Specs

Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
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Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag