Royal Challengers Bangalore batsman AB de Villiers. Getty Images
Royal Challengers Bangalore batsman AB de Villiers. Getty Images
Royal Challengers Bangalore batsman AB de Villiers. Getty Images
Royal Challengers Bangalore batsman AB de Villiers. Getty Images

AB De Villiers and Virat Kohli compliment each other nicely for Royal Challengers Bangalore against Pune


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AB de Villiers and Virat Kohli have openly formed a mutual admiration society with each calling the other the “best batsman of the generation”.

Kohli said it again yesterday in Pune after Royal Challengers Bangalore beat the hosts Rising Supergiants by 13 runs.

The big partnerships between the Bangalore teammates has been instrumental in their wins in the ninth season.

De Villiers was adjudged man of the match for his knock of 83 while Kohli made 80.

But they may be carrying that a bit too far, though, as both have also shown a propensity to depart in quick succession.

Thankfully, it did not hurt much as Bangalore also bucked the trend of teams chasing ending up on the winning side yesterday when Pune failed to surpass Bangalore’s 185 for three.

There were some nervous moments, though, as Thisara Perera 13-ball knock of 33 runs made it a little too close for comfort for Bangalore.

The 17th over of the innings by Hardik Patel went for 25 runs, leaving both Kohli and De Villiers “happy to cross the line” in the post-match presentation.

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Earlier, the fall of Lokesh Rahul brought the fearsome power of Kohli and De Villiers.

By the time the partnership of 155 ended with Kohli’s departure, Bangalore had a cushion of 182 runs on the board.

However, the gap between De Villiers’s exit in the footsteps of Kohli has narrowed with each game. It was nine balls in the first game, four balls in the third and one delivery yesterday against Pune.

The second game, against Delhi Daredevils, was an exception when De Villiers (53) was out while Kohli went on to make 79, but Bangalore lost.

It can be argued that it was the final over and De Villiers had to go for the big shots, one which led to his dismissal the next ball.

"The way he [De Villiers] communicates, he is a selfless person," Kohli told StarSports. "He doesn't care about his own plans. It is a pleasure batting alongside him."

Pune had to contend with a suspected calf injury for Kevin Pietersen and a disappointed captain MS Dhoni said: “KP’s injury can be a blessing in disguise. We are playing with six bowlers, yet our death bowling isn’t great.”

* With agency

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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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