Fashion notes: Go nude for a trend to believe in


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Despite our age, every now and then a trend comes along that seems rather doable on paper – not quite enough to succumb completely; more like a manageable niggle, urging us to a take the leap into previously uncharted waters.

And so it is with nude. Not quite abrasive enough to make a statement of any kind, but just enough to make us stand up and give the whole thing a little airtime. For those with no interest in the world of style and what it dictates, nude is certainly having a little bit of a moment right now. What some of us need to be reminded of is that while fashion is fundamentally about showing something off, there’s always something we can get from the season’s trends. On the runway, it would be difficult to find a designer whose collection didn’t feature a certain element of the above.

The problem is that there’s a common recipe for hitting the mark. For, as with most things in life, its execution is never quite as straightforward as its promise. Let’s face it: “beige”, as it is known outside of fashion circles, is never going to give us a leg up to the best-dressed list. It’s just too bland for that. What we do in situations such as this, however, is encourage ourselves to look outside the box. Only a certain type of person can cope with this kind of dress with a sense of ease.

Most of us don’t know that nude is the only shade, other than black, that when worn from head-to-toe, albeit with some accessories to break it up, works beautifully. Think of a simple and distilled, honeyed-down version of what you think is necessary to make the grade. In other words, get rid of the tat. If you’re going to succeed with the whole dressing-down revolution, first and foremost make sure that everything is expertly pressed. What we’re looking for here is the perfect silhouette. Think crisp, starched shirts and soft, buttery leathers. The trick is in getting the layering right.

For a more sophisticated daytime look, pair with neutrals such as pale pinks or off-whites, and a nicely fitted blazer. Accessories should be well thought out. There’s an art to styling simply; start with one quality piece of jewellery, such as a simple rose-gold necklace or plain silver band, and build from there.

Every so often, a trend comes along that restores my faith in fashion – there’s no need to woo the world with the wacky and wonderful all of the time.

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  • A fuel tax protest by French drivers appealed to wider anti-government sentiment
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  • Demonstrators responded to online petitions and flooded squares to block traffic
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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.

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“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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