Sweden's Ludvig Aberg grinded his way to a one-stroke lead after Friday's second round of the US Open while top-ranked Scottie Scheffler and other favourites struggled at punishing Pinehurst.
Sixth-ranked Aberg, a runner-up at April's Masters in his major debut, fired a one-under par 69 to finish 36 holes on five-under 135.
"I hit it very nicely," Aberg said. "It was obviously very challenging, and it's not an easy golf course to play. But I felt like we stayed very disciplined, stayed very patient, and tried to hit it to our targets."
He had been sharing the lead with France's Matthieu Pavon, but the back-nine starter closed his round with bogeys at eight and the par-3 ninth to shoot 70 and share fifth.
"Super fortunate with the way that things have turned out over the last couple days, and hopefully we'll be able to keep it up," Aberg said.
One adrift in second were 2020 US Open winner Bryson DeChambeau, fellow American Patrick Cantlay and Belgium's Thomas Detry.
Four-time major winner Rory McIlroy, seeking his first major triumph in 10 years, shot 72 to share fifth with American Tony Finau and 24th-ranked Pavon on 137 and Japan's Hideki Matsuyama, the 2021 Masters champion, was eighth on 138 after a bogey-free 66.
Pre-tournament favourite Scheffler made the cut on the number at five-over 145 after shooting 74 in the first birdie-less major round of his career.
The two-time Masters champion was undone by bogeys at the par-3 15th and 17th and a double bogey at the par-5 fifth.
"It was definitely a grind," said Scheffler. "I'm proud of how I fought. I gave myself a good chance. Today I just couldn't get the putts to fall.
"This golf course can be unpredictable at times, and maybe it got the better of me the last couple days."
Aberg, 24, sank a 30-foot birdie putt at the second hole and an 11-footer to birdie the par-5 fifth to grab the lead.
He answered a bogey at eight with a birdie at 12 but found a greenside bunker at 16 for another bogey only to have Pavon stumble late.
Pavon won in January at Torrey Pines to become the first Frenchman since 1907 to win a US PGA Tour event. He said his winning would boost French golf.
"It would mean everything. It would be huge," Pavon said. "Having someone capable to lift the trophy like that would be pretty big for me and my country."
DeChambeau made five birdies and four bogeys with a tap-in birdie at 18 keeping him solidly in the hunt.
"Was very happy with how I stayed patient, gave myself good opportunities when they mattered, and I made a lot of clutch putts coming in," DeChambeau said.
Detry, ranked 55th, matched his PGA Tour best finish with a runner-up effort in March's Houston Open.
The 31-year-old Belgian had his best major finish last month with a share of fourth at the PGA Championship.
"My confidence is good. My play is good. I feel mentally stable as well," Detry said. "I think it's going to be a fun challenge."
Cantlay shared the 18-hole lead with McIlroy after a 65.
"Was a lot firmer than yesterday," Cantlay said. "It's going to be a challenge the rest of the weekend."
Tiger misses cut
McIlroy closed with a bogey at the ninth. He also had bogeys at 11 and the par-3 15th against a lone birdie at the third.
"Had to have your wits about you," McIlroy said. "I wish I had converted a couple more of the chances. Still overall in a great position going into the weekend."
The four-time major winner from Northern Ireland played alongside Scheffler and second-ranked Xander Schauffele, who won last month's PGA Championship.
Schauffele was four off the lead after shooting 69 to stand on 139.
Matsuyama hopes to sustain his momentum.
"I was playing really great," he said through a translator. "My short game was on point. That really helped. Hopefully I can keep that momentum through the weekend."
Tiger Woods, a 15-time major winner, missed the cut on 147 after a 73 on Friday.
"Probably the highest score I could have shot today," Woods said. "Frustrating I'm not here for the weekend."
Others missing the cut included fifth-ranked Viktor Hovland and 10th-ranked Max Homa.
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The specs
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Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
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A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
The bio
Favourite book: The Alchemist by Paulo Coelho
Favourite travel destination: Maldives and south of France
Favourite pastime: Family and friends, meditation, discovering new cuisines
Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.
Favourite Author: My father for sure
Favourite Artist: Damien Hurst
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
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5 of the most-popular Airbnb locations in Dubai
Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:
• Dubai Marina
The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.
Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739
Two bedroom: Dh627 to Dh960
Three bedroom: Dh721 to Dh1,104
• Downtown
Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure. “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."
Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154
• City Walk
The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena. “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”
Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809
Two bedroom: Dh682 to Dh1,052
Three bedroom: Dh784 to Dh1,210
• Jumeirah Lake Towers
Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.
Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629
Two bedroom: Dh549 to Dh818
Three bedroom: Dh631 to Dh941
• Palm Jumeirah
Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.
Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770
Two bedroom: Dh654 to Dh1,002
Three bedroom: Dh752 to Dh1,152
Skoda Superb Specs
Engine: 2-litre TSI petrol
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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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Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
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The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
Checks continue
A High Court judge issued an interim order on Friday suspending a decision by Agriculture Minister Edwin Poots to direct a stop to Brexit agri-food checks at Northern Ireland ports.
Mr Justice Colton said he was making the temporary direction until a judicial review of the minister's unilateral action this week to order a halt to port checks that are required under the Northern Ireland Protocol.
Civil servants have yet to implement the instruction, pending legal clarity on their obligations, and checks are continuing.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
