Louis Oosthuizen has dropped down to 137 in the world rankings after switching to the LIV Golf. AP
Louis Oosthuizen has dropped down to 137 in the world rankings after switching to the LIV Golf. AP
Louis Oosthuizen has dropped down to 137 in the world rankings after switching to the LIV Golf. AP
Louis Oosthuizen has dropped down to 137 in the world rankings after switching to the LIV Golf. AP

Louis Oosthuizen: Former Open champion 'at peace' with being excluded from Majors


Paul Radley
  • English
  • Arabic

Louis Oosthuizen says he is at peace with not playing the major championships again following his switch to LIV Golf.

The 41-year-old South African is the biggest name in the field for the first tournament of the International Series in Muscat this week.

It is a series of 10 tournaments on the Asian Tour, each with a minimum prize fund of $2 million, an investment backed by LIV Golf.

In last year’s International Series Oman, Oosthuizen missed the cut at the Greg Norman-designed Al Mouj Golf Club.

In the 12 months since, he has played in just five competitions which carry world rankings points. He captains the Stinger team in LIV Golf events, which are not recognised by the official world golf rankings

Oosthuizen, who has been ranked as high as No 4 in his career, is now down at No 137, limiting his prospects of qualifying for major championships.

He has been runner up in each of the majors in the past, and won the Open at St Andrews in 2010. That at least guarantees him a place in the field for that event until the age of 60.

“I went [to LIV] knowing what the situation was and that we are not going to get any world rankings [points] – if you can even call it world rankings any more,” Oosthuizen said.

“They are not really world rankings. I made my peace with not playing in majors. I am fortunate enough to play in the Open, still.

“It is a shame to see great players like [the LIV roster] not getting what they deserve. Hopefully they can do something very quickly about it.”

Oosthuizen said of the world rankings that “the whole system needs to change completely”, with many players formerly regarded among the best in the world tumbling down the standings since switching to LIV.

“If they don’t want to give you world ranking points for playing on LIV then they should change the system completely where they give spots to majors to each tour in the world,” Oosthuizen said.

“Those guys have a lot more experience than me sitting on boards. I can’t believe there is no solution to it.”

He seems certain to miss the Masters in April for the first time since 2009. Last year, a hip injury forced him to withdraw from the tournament at Augusta National with one hole left to play of his second round.

“When I made my decision to join LIV, I knew it would be inevitable. The day was going to come where I was not able to play a tournament like Augusta.

“But to be honest that course is so long now, I am struggling around it. I have hit more 7-woods and 3-irons into par-4s there than when I played in ’09 and ’10.

“I’ll miss it because it is an unbelievable experience, a great tournament and golf course, but I honestly think the course has gone a little too long for me now anyway.”

Oosthuizen does, though, suggest he has unfinished business at the course he will be playing this week.

He was absent for the weekend when he played last year at Al Mouj, which is a picturesque course between the shore of the Gulf of Oman and Muscat International Airport.

“I played poorly but really enjoy the course and that was the main reason for me coming back,” he said. “It is in even better shape than it was last year.”

The competition is part of the partnership between the Asian Tour and LIV by which they say they hope to develop the game in the region.

The field for the tournament includes UAE-citizen Joshua Grenville-Wood, as well as a number of other players from the Mena region – plus two Omani amateur players.

“We are very fortunate as Arab golfers to have these opportunities, even though we are amateurs,” Azzan Al Rumihy, one of the Omani players, said.

“To get a chance to play among the best players in the world means a lot to us, and prepares us for other regional tournaments that we compete in.

“When we play with them, even in practice rounds, we realise what are the gaps and what we need to work on to get close to where they are, and try to hit the ball as long as they do. We want to develop our game.”

RACE CARD

6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m

7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m

7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m

8.15pm: UAE Oaks – Group 3 (TB) $125,000 (D) 1,900m

8.50pm: Zabeel Mile – Group 2 (TB) $163,000 (T) 1,600m

9.25pm: Balanchine – Group 2 (TB) $163,000 (T) 1,800m

10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m

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.”

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

MATCH INFO

Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

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Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

Updated: February 21, 2024, 2:58 PM