Xander Schauffele won his second major in three months in the 152nd Open at Royal Troon to complete an American clean sweep of the game’s biggest titles.
Schauffele carded a flawless closing 65 to finish nine under par, two shots clear of overnight leader Billy Horschel and Justin Rose, who had threatened to become the first English winner of the Claret Jug since 1992.
South Africa’s Thriston Lawrence, who held the lead after 11 holes of the final round, finished a shot further back in fourth following a 68.
Schauffele, who registered a major record of 21 under par to win the US PGA at Valhalla in May, is the first player to win two majors in a year since Brooks Koepka in 2018.
Afterwards as he held the Claret Jug, Schauffele said: "Oh man. Hearing your name called with 'Open champion' after it is something I've dreamt of for a very long time."
The world No 3 is the seventh American winner in the last eight Opens at Royal Troon – Sweden’s Henrik Stenson having denied Phil Mickelson in a thrilling duel in 2016 – and will head to Paris to defend his Olympic title in brilliant form.
Schauffele said he got some motivation from watching Stenson's win over Mickelson in the build-up.
"I actually watched the highlights of Phil and Henrik to motivate myself for this week and I guess that paid off pretty nice."
Schauffele, who has now finished no worse than 18th in his last 10 starts, was eighth in the Masters and seventh in the US Open either side of his US PGA triumph, where he birdied the 72nd hole to edge out Bryson DeChambeau by a shot.
Rose was bidding to become the first qualifier to lift the Claret Jug since Paul Lawrie in 1999, while the 4,053-day gap since his 2013 US Open victory at Merion would have set a new record.
The prospects looked good when Rose birdied the second and fourth to overhaul Horschel and again when he birdied the eighth, only for a bogey on the 12th to halt his momentum at just the wrong time.
Rose said: "When I walked off the course it hit me. The dream's been alive all week and I felt that I did an awesome job of coming out and really getting amongst it from the word go.
"I got off to a strong start and felt like I played my way into the tournament. I saw glimpses of my name at the top of the leaderboard at times, did some of the hard work on the back nine but Xander got that momentum.
"He's an ice cold competitor and one of the best players in the world and it was tough to keep up.
"This will be a tough one but a great one. I played in some of the hardest weather all week. I played some of the best golf but it didn't quite add up to the trophy."
Playing alongside Horschel, Lawrence was reaping the rewards for an aggressive approach as birdies on the third, fourth, seventh and ninth gave him the lead before Schauffele, who had covered the front nine in 34, produced a decisive burst.
A stunning approach to the 11th left Schauffele with a tap-in for the only birdie all day on the daunting par four, another on the 13th took him into a share of the lead and Lawrence’s bogey on the 12th handed Schauffele an advantage he would never relinquish.
Further birdies on the 14th and 16th gave Schauffele the luxury of a three-shot lead and he completed a nerveless display with pars on the final two holes before Rose birdied the 18th to round off a superb 67.
Horschel birdied the 16th, 17th and 18th to join Rose in second, with Lawrence another shot back after saving par on the last despite hitting his second shot into the face of a bunker and watching it fly back over his head on to the fairway.
Ireland’s Shane Lowry, who held a two-shot lead at the halfway stage before struggling to a 77 on Saturday, shot 68 in the final round to finish sixth, with Jon Rahm, Sungjae Im and Scottie Scheffler three strokes further back in seventh.
Masters champion and world No 1 Scheffler had been within two of the lead until amazingly four-putting the ninth for a double bogey.
Top 10 most polluted cities
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
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.”
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The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”