Neil Vorano (9) prepares to compete in the Suzuki Swift Cup.  Credit; Antonie Robertson for The National
Neil Vorano (9) prepares to compete in the Suzuki Swift Cup. Credit; Antonie Robertson for The National

Suzuki Swift Cup - a race series you can afford



No matter how much you read about motorsport, no matter how many races you watch on TV, no matter how many revving cars you hold your fingers in your ears for, you will never really know what auto racing is all about until you actually get behind the wheel. You will never quite grasp what cold tyres really mean, or that thrill of being on the cusp of control, or the elation of a well-timed pass.

Unfortunately, motorsport is not what you'd call an inexpensive pastime. For many, the cost alone is the single reason why they will never trade some paint with competitors on a track. But a new "arrive and drive" race series in the UAE has opened the door for wannabe race car stars - including myself.

The Suzuki Swift Cup, operated by Zengo Motorsport in Dubai, is a one-make series where just about everything needed to race is supplied by the organisers - fuel, tyres, mechanics who set up the cars and, of course, the little hatchbacks themselves, complete with a stripped-out interior, slick tyres and a roll cage, among other modifications. A driver who wants to do the whole seven-weekend series fronts up Dh66,000; it's not exactly small change, but in the world of motorsport, it's difficult to find anything even remotely as inexpensive - or as simple.

OK, it's not quite as simple as "arrive and drive"; to compete in any organised racing, you need a race licence, issued here by the Automobile and Touring Club of the UAE and sanctioned by the FIA, the international motorsport association.

My first step was a driving test at the Yas Marina Circuit, which I pass, but I leave there not just with a certificate but some excellent tips that will help me later on.

The passing grade, along with a medical checkup and a background check to the auto club of my home country, is enough for the licence. And as I walked out of the auto club with my card in hand, I realised that there are fewer things cooler, in a Steve McQueen kind of way, than having a racing licence; it's like being in a macho private club.

You know another thing that's cool about racing? Fireproof underwear. Competing on track means following strict rules set out by the FIA that include your garb. I managed to borrow a helmet, Hans device and a pair of overalls (complete with sponsorship logos to make me feel just a little more professional). But I opted to buy the socks, underwear, balaclava and boots, all made of flameproof Nomex as per FIA mandate. Because you never know when you'll need fireproof underwear again.

Thursday: practice day at Yas Marina in Abu Dhabi. It's my first time walking into a circuit as a competitor instead of as a spectator, and I couldn't help but feel a little nervous and intimidated. I really had no idea how I would do on track; I've had experience driving cars at various circuits, and I've done a bit of karting, but I've never been door-to-door with other cars at high speed. Well, not counting Sheikh Zayed Road, of course.

The Swift Cup garage is abuzz in activity as the cars and drivers slowly start to trickle in. I meet Sean Stevens; he's a driving instructor at the Dubai Autodrome and the series' marketing and sporting director. He won't be around the garage much today; he's been offered a seat in the Radical car races, part of the UAE National Race Day that's going on.

But no worry; as the practice time approaches, I meet and talk with some of the other eight drivers and find a warm and welcoming atmosphere. Some have prior racing experience, but some, such as Klaus Kresnik, a Swiss expat and a sales specialist with Symantec (which also sponsors the series, along with Kahn Graphics), have not raced before this season. For Kresnik, the Swift Cup is an entry into a sport he has wanted to try for a long time.

"My dream has always been to compete in a championship. Then we were here for the GT1 race last year, and we saw this. It's an affordable championship, and this helps you to see if you really like it. Sometimes you're enthusiastic about racing, then you go out and buy a race car and then you think it's not for you. But this is a good way to find out if you like it and if you have the speed."

I have a mild case of the jitters as we're waved out into the pit lane and on track for practice. But just in the first warm-up laps, I'm impressed with the car; it's very, very easy to drive. It's well balanced, nimble in the corners and the braking is surprisingly good. I feel comfortable, and after I'm in the pits I find out that I have the fastest times of the day. I didn't know it at the time, but that would be the start of an emotional roller coaster over the weekend.

Friday morning, we weigh in - to make things fair with cars that only have 130hp, each driver must weigh a minimum of 100kg, which means I get about 20kg worth of ballast. Ugh.

No matter; another great session, and I get P1 for the first race. I'm excited and full of confidence, but my roller coaster has just peaked at the first hill, and it's on its way down.

The race starts not so well, with the second-place car getting in front right away at the standing start. But I'm on his tail - up until turn six, when I spin on cold tyres and end up right at the back. And this highlights the difference between racing and just going fast - consistency is just as important as all-out speed.

Make a mistake in qualifying and you just concentrate on the next lap. But make a mistake in a race, even a small mistake, and it will cost you immensely. Going wide in a turn, missing a shift or a loss of control will either have the racers behind you breathing down your neck - if they don't outright pass you - or the ones in front pull away. And in a seven-lap race, it's likely you've lost your chance at a good finish. As I just did.

I claw my way back to fifth place, and I'm happy with that, all things considered. I stay on pole for the second race and have a worse start: I miss a shift into third gear and immediately have five other cars sail past me. I finish in eighth place, and realise that my focus is letting me down. So much for speed.

Regardless of the mistakes, it was fantastic fun; no matter what position I was in, there was always a fight. The competition is very close whichever end of the pack you find yourself on, and there's nothing quite as exciting as banging doors with another car in the middle of a turn. It's proper racing, and it's an absolute thrill.

At the end of the long straight, the cars aren't going much faster than 160kph; that will get you a rear-view mirror full of flashing headlights on Sheikh Zayed Road. But the low horsepower is a blessing in disguise, especially if you are new to the sport.

"You really have to learn how to keep the car going fast in the corner; you don't have the horsepower to save you from a mistake," says Stevens in between races. He nods to the powerful, two-seat race cars he's driving today to make a point about the value of the Swift Cup.

"Often, you will have executives who buy a ride with the Radicals and then go out and be 10 seconds off the pace. They'd be embarrassed, and they'd quietly quit.

"But this is better to teach the racing craft. And that benefits these guys" - as he points to the GT and Radical race teams in the paddock - "because it gets people interested in racing and trained properly, and they can move up to the bigger cars."

I'm sure seeing that learning curve. It's humbling, but I realise that racing is not something you just do well from the beginning; it takes practice and experience. But my roller coaster is on its way up again.

There was a problem with my car in the second race that limited my speed on the straights, so the mechanics fiddle with the fuel injection and change some parts. I'm starting eighth on the grid, and I don't mind - less pressure. But with fewer mistakes (I said "fewer mistakes", not "no mistakes") I manage an exciting drive to finish third, a podium spot on my first race weekend. (Kresnik won the race, his second win of the day.) The stands are empty as I take the bottom step of the podium - they came for the fast cars - but I don't care. I'm elated at the result, relieved that I found some success - and absolutely yearning for more.

If you want to find your inner Andretti, check out www.suzukicup.ae. I'm hoping to race again, and I'd love to see you out there - in my rear-view mirror.

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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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.”

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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5pm: Maiden (PA) Dh80,000 1,400m | Winner: Eghel De Pine, Pat Cosgrave (jockey), Eric Lemartinel (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m | Winner: AF Sheaar, Szczepan Mazur, Saeed Al Shamsi

6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA) Group 3 Dh500,000 1,600m | Winner: RB Torch, Fabrice Veron, Eric Lemartinel

6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (TB) Listed Dh380,000 1,600m | Winner: Forjatt, Chris Hayes, Nicholas Bachalard

7pm: Wathba Stallions Cup for Private Owners Handicap (PA) Dh 70,000 1,400m | Winner: Hawafez, Connor Beasley, Ridha ben Attia

7.30pm: Handicap (PA) Dh 80,000 1,600m | Winner: Qader, Richard Mullen, Jean de Roaulle

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Favourite person: Muhammad Ali 

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