Chelsea manager Jose Mourinho's side maintain a five-point lead at the top of the Premier League. Christophe Ena / AP / February 17, 2015
Chelsea manager Jose Mourinho's side maintain a five-point lead at the top of the Premier League. Christophe Ena / AP / February 17, 2015

Chelsea’s Jose Mourinho distracting with a purpose: PL talking points



Mourinho playing a game

Jose Mourinho has played the media like a treat this week with his post-match rant following Chelsea's slip-up at home to Burnley, but his anger shouldn't be taken at face value.

In coming out after the 1-1 draw with a list of moments in the game, giving just the minute when they happened, where he felt his side had decisions against them, he started a circus.

TV stations picked out said incidents, replayed them in slow motion and pundits had their say.

Should Ashley Barnes have been sent off for either, or both, of his challenges? Should Nemanja Matic have been shown leniency by the referee because he retaliated and pushed Barnes over? Is Mourinho correct that pretty much the whole of English football is against Chelsea?

And while this debate rumbles on, Mourinho’s players are not getting criticised for failing to kill off the game against a Burnley side who are probably going down at the end of the season.

Chelsea still lead Manchester City by three points at the top of the Premier League, but since an emphatic 5-0 win at Swansea City last month, their form has dipped.

Mourinho’s side have won only three of eight games in all competitions, and each of those was by a one-goal margin.

It’s far from a crisis, but their manager has mastered what Alex Ferguson perfected before him and deflected the attention away from his players.

One thing is for sure – had Chelsea won the game, Mourinho would not have made such a fuss.

Lukaku’s touch not good enough

Romelu Lukaku is a frustrating player in that he has all the attributes to be a devastating striker except the one you would expect from a player of his physique – the ability to hold up the ball.

Its not that Lukaku can’t hold up the ball, but he should be so much better at it. Against Leicester City on Sunday, Everton’s play slowed down every time the ball was played to the Belgian with his back to goal.

He looks uncomfortable trying to control the ball and, when he doesn’t lose possession, his next touch is often a backwards pass. Get him facing goal in the last third and he can be unstoppable, but he won’t be a complete striker until he improves his build-up play.

Look at another big forward – Southampton’s Graziano Pelle. His game is built on clever flicks and lay-offs that bring a brigade of pacier players into play.

If Lukaku could improve to that level, he would be so much more effective. The promising thing for Everton is that Lukaku is only 21 and has plenty of time to get better.

twoods@thenational.ae

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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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