Betsie Van Der Mere
Betsie Van Der Mere

Mimi Spencer: Accessorise with audacity



It is an irony of the first order that as catwalk models get ever smaller and scrawnier, the accessories they're obliged to showcase have only grown in size. Exploded, actually. These days, you can't move in Paris and Milan for huge great earrings, massive shoulder-bags and vast cocktail rings that could double as offensive weapons should the need arise. The upshot to all these gargantuan goings-on is a very peculiar combination indeed - with the constant concern that a handbag might swallow its mistress whole as she dives in to locate her mobile phone. I've seen young waiflets on the runways almost consumed by heavyweight headdresses, submerged in the hungry maw of their cashmere snoods, swamped by the enormous buckles of their colossal belts. Over the past few years, most designers agreed to send out shoes which looked like a couple of wedding cakes or telephone books, great blocks of satin and cork wedge, of triple-decker platform and multiple snakeskin straps, shoes that surely weighed substantially more than your average teenage model. Perched on these, they looked all the more insubstantial, like Lowry's stick people wearing clogs.

Perhaps that's the point. Mega-sized accessories will make any woman look comparatively slight. If we all wore tiny diamond studs and carried envelope bags tucked into the palm of our hands, then the truth would leak out; uncamouflaged by our enormous diversionary jewellery, there'd be nowhere to hide. It's no surprise, then, that this is the season of the Statement Neckpiece. No mere necklace, this is a construct. A superstructure. Something that may well require planning permission and give shade on a sunny day. At Lanvin (where the jewellery is utterly divine these days, the very stuff of dreams), you'll find great metal ropes set with abundant gems and centred on starburst lozenges to sit fatly at the décolleté. Moschino and Dolce & Gabbana opted for outsize golden coin discs, worn in a confused jumble as if stolen in a hurry from the tarot table of Gypsy Rose Lee. Even Giorgio Armani, so long the soul of discretion, let rip with neck architecture, owing a visual debt to the Miami's deco frontages. My favourite, though, came from Bottega Veneta, where the neckpieces looked at once organic and metallic - a crumple of stonework and torn tin foil, like something disgorged from a car crusher.

No, it's not discreet. Not minimal. It's loud and bold and gutsy and a prime example of the sheer audacity and decorative expression of fashion right now. Sure, your clothes may whisper good taste, but your accessories will yell across a crowded room. Just don't go wearing everything all at once. If your necklace is making a statement, best give your earrings a rest. Let your shoes go incognito. You'll be better off giving your glorious necklace some breathing space. All the better to show it off to your envious friends.

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Company%20profile
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The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
SHAITTAN
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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

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.”

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5