Reese Witherspoon stars in two films screening at the Dubai International Film Festival, Wild and The Good Lie. The Oscar winner chats to about her new films, living in the public eye and mixing glamour with grit.
Many actors experience a career slump after an Oscar win, but the Academy Award-winner Reese Witherspoon is being hotly tipped to double her statuette collection with her new film Wild, which is screening at the Dubai International Film Festival. Witherspoon produced the film and stars as a young woman who treks the 3,000-mile Pacific Crest Trail (PCT), alone, to come to terms with her past and find a direction for her future. It's the latest in a recent string of strong performances from the Tennessee, including the upcoming The Good Lie and Mud, co-starring Matthew McConaughey.
Wild looks like the sort of film that would be very tough to shoot, did you do much physical preparation for it?
None. Cheryl enters into the story having had no experience, so it wouldn’t have helped me to have any experience of it. We wanted as authentic a representation as possible, that was really important to Jean-Marc [Vallee, the director] and to me. So, I had the real weight Cheryl had [in her backpack], and that was me really trying to assemble the tent in the movie.
The woman you are portraying, Cheryl Strayed, was on set for a lot of the shoot – was that a help or a hindrance to your performance?
A help, definitely. I was nervous that I would be able to do justice to her story, because the book is so powerful and personal, which was the reason we all got involved in the first place. But we talked so much from the beginning, trying to get across who she was then and now, it was very collaborative in that way. So much so that it didn’t feel intimidating to have her there, because she was so supportive. She knew how hard everyone had worked to make sure we honoured the book, and her journey.
Do you think you could have taken the type of journey Cheryl takes in the film?
Well, there’s an emotional and physical journey. The PCT … I think what she did was tough but what blew me away was that she was alone. That would be hard, facing this enormous physical task but also being mostly alone for all that time.
You're also a producer on this film, as you were with the international hit Gone Girl – is working behind the camera as important to you as working in front of the camera?
It’s just another part of the creative process. I enjoy it very much, but I couldn’t say more or less than acting. They’re different disciplines with their own rewards. With producing you can choose the projects that inspire you, and help those stories get told.
Finally, you also star in The Good Lie, about an American who helps four Sudanese refugees come to America. It’s another powerful film, also based on real life. Are these the types of films you are interested in making – as opposed to lighter comedies you’ve made in the past?
You know, I was just very lucky that these two scripts came along, with really great directors and based on two remarkable stories.
If I make films like this in the future I’ll be very happy, but I’m not ruling anything out.
• Wild screens during the Dubai International Film Festival in Madinat Arena on Wednesday, December 17 at 4pm.
• The Good Lie screens during the Dubai International Film Festival at Madinat Arena on Saturday, December 13 at 9pm and in Mall of the Emirates 7 Monday, December 15 at 4.45pm.
artslife@thenational.ae
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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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now