The cool waters of Sydney’s Bondi Beach had never felt more inviting for ultramarathon runner Nick Ashill – a former Sharjah professor who became the first New Zealander to complete the feat of running across the US and Australia.
With just the occasional emu, kangaroo and dingo for company along the almost 4,000km of desolate Australian terrain, his incredible achievement marks him out as one of the rarest humans on the planet.
Mr Ashill – who previously lectured at the American University of Sharjah – became only the fifth person to complete both the 5,400km run from Los Angeles to New York and the almost 4,000km route from Cottesloe Beach in Perth to Sydney.
While that dual challenge would be plenty for even the most hardened of ultra distance runners, Mr Ashill is already planning his next epic adventure – a north-to-south run of his home country New Zealand that will see him rack up another 1,600km.
Now recovering at home, Mr Ashill told The National he hoped his efforts would relay an important health message.
“There were some days where I did not want to get out of bed and put on my running shoes,” he said.
“I got inspiration from my mum who lost her life to idiopathic pulmonary fibrosis (IPF) in 2015.
“My body did still so well over the 4,000km.
“Unlike America, I lost no toenails and I experienced no blisters.
“I put this down to great feet preparation, awesome shoes and great nutrition.”
Lung condition
IPF is the most common type of pulmonary fibrosis, a lung disease that occurs when lung tissue becomes scarred or damaged causing stiffness and breathing difficulties.
The condition affects around three million people globally and is usually fatal around three years after diagnosis. Currently, there is no cure.
Most of Australia’s interior, the Outback, is sparsely populated with fewer than 40,000 people living throughout the vast Northern Territories due to extremely harsh living conditions.
Temperatures in central Australia often pass 40°C in summer, due to the unrelenting desert sun, with the national record temperature of 50.7°C recorded in Oodnadatta in the heart of the country.
But it was the terrain that caused Mr Ashill the most challenges during his run, with everlasting roads stretching over the horizon and plenty of ups and downs.
“The first seven days was definitely challenging, getting out of Perth,” said Mr Ashill.
“There was more than 3,000 metres of elevation and plenty of hills. The Nullarbor Plain was relatively flat but it was certainly mentally challenging with 1,200km of nothing.
“Even petrol stations were several hundred kilometres apart.
“But the wildlife was incredible, with roaming emus, kangaroos and dingoes, as well as highly poisonous snakes and spiders.
“Running Australia's longest straight road of 146km played with my mind, as it was relentless running straight for two and a half days.”
The 59-year-old ran around 60km each day, completing the distance on June 28 in just under 70 days.
So far, Mr Ashill has raised more than $10,000 to fund research into IPF.
“I am planning another challenge – running the length of New Zealand so I will continue to advocate for individuals living with respiratory illness,” he said.
“At the end, I celebrated by running into the cold water at Bondi Beach and shared a few words with my late mum.”
UAE squad
Rohan Mustafa (captain), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan
Bharatanatyam
A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
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.”
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group