Jurgen Klopp on Liverpool's Group of Death: I don’t think any of us thought it was great


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Jurgen Klopp has said that none of teams picked out of the hat in Liverpool's Champion League 'Group of Death' would have been pleased with the draw.

Liverpool take on Italian giants AC Milan on Merseyside in their opening Group B on Wednesday, while reigning Spanish champions Atletico Madrid face regular Portuguese title challengers Porto in the other game.

It certainly takes the honours as this season's toughest line-up of the opening stage, with only Group E - Barcelona, Bayern Munich, Dynamo Kiev and Benfica - running it close.

And while Klopp admitted it was an exciting prospect ahead, it would not have been the preferred choice of anyone involved.

“When we all saw the draw, I don’t think any of us thought it was a great group,” said Klopp. “It is a tough group. Atletico Madrid, wow. Porto, usually the champions in Portugal so a top team, and then AC Milan is one of the biggest teams in Europe, so it is proper Champions League.

“It is all abut getting enough points to get through that group and we better not waste time, starting tomorrow. It was a long time ago when we had a Champions League game at home.

“We have spoken a lot about European nights at Anfield and I cannot wait to experience it again.

“This group shows there are no games where people say: 'Do we really want to watch that?' This group will be exciting from the first second to the last second. I can't see any early decisions made in this group and it keeps us on our toes.”

There was disappointing news for those looking forward to seeing Zlatan Ibrahimovic in action at Anfield. The 39-year-old was ruled out the game due to an inflamed tendon picked up during his return to action from injury on Sunday.

Ibrahimovic, who turns 40 next month, scored for Milan in their 2-0 Serie A win against Lazio just seven minutes after coming on as a substitute at the San Siro.

“Zlatan would have been on the pitch from the start. But there was some inflammation in his tendon, which can happen after four months out,” Milan manager Stefano Pioli said.

Leeds 0 Liverpool 3: player ratings

“We hoped he could still play, and he tried, but he was in pain. It is pointless to take risks, this is an important match, but we have so many other matches after tomorrow.

“These unpredictable absences are part of the game, but we are prepared. I will choose between Ante Rebic and Olivier Giroud for who will start, we are covered. I am sorry for Zlatan, but he will be back soon.”

Liverpool, meanwhile, were mightily impressive in their 3-0 Premier League win at Leeds United on Sunday that saw Mohamed Salah score his 100th Premier League goal. But the victory was marred by a horrific injury to midfielder Harvey Elliott, who was left in agony after a challenge by Pascal Struijk that left the teenager with a dislocated ankle.

Struijk, 22, was shown a straight red card by referee Craig Pawson after VAR intervention for his second-half challenge although both sets of players and managers — as well as most pundits — agreed there was no malice in the incident.

Leeds confirmed their appeal against the decision on Tuesday and said they would not be making a statement until the outcome is known. Klopp confirmed that Elliott is set to undergo surgery.

“I spoke to him after the game and he was in the best possible place for that moment,” said Klopp. “He had already accepted it and knew he would be out for a while. Today he is in London and will probably have the surgery.

“Obviously that is the next step on the road back, so we all wait for news from that.”

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Graduated from the American University of Sharjah

She is the eldest of three brothers and two sisters

Has helped solve 15 cases of electric shocks

Enjoys travelling, reading and horse riding

 

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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Updated: September 14, 2021, 2:50 PM