Jos Buttler of England celebrates reaching his century during the fourth ODI against Sri Lanka on Saturday. Gareth Copley / Getty Images / May 31, 2014
Jos Buttler of England celebrates reaching his century during the fourth ODI against Sri Lanka on Saturday. Gareth Copley / Getty Images / May 31, 2014
Jos Buttler of England celebrates reaching his century during the fourth ODI against Sri Lanka on Saturday. Gareth Copley / Getty Images / May 31, 2014
Jos Buttler of England celebrates reaching his century during the fourth ODI against Sri Lanka on Saturday. Gareth Copley / Getty Images / May 31, 2014

Cook calls Buttler century ‘one of the best innings I’ve seen’


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England captain Alastair Cook said Jos Buttler didn’t deserve to be on the losing side after his stunning century so nearly led to a remarkable win over Sri Lanka.

Cook’s side were all but out of the contest in the fourth one-day international at Lord’s when wicketkeeper/batsman Buttler came in with England 111 for 5 chasing a near-record 301 for victory.

Yet the 23-year-old Lancashire gloveman then proceeded to make a maiden one-day international hundred off just 61 balls before falling in the final over.

Sri Lanka, who’d posted 300 for 9, won by seven runs to level the five-match series at 2-2 ahead of Tuesday’s finale at Birmingham’s Edgbaston ground.

Buttler made 121, including 11 fours and four sixes, off 74 balls.

His actual century was the quickest, in terms of balls faced by an England batsman at this level, surpassing the 69 balls the now ‘exiled’ Kevin Pietersen took to make a century against South Africa at East London in 2005.

Buttler also broke the equivalent Lord’s ground record of 82 balls for an ODI hundred that had stood since 1975 when West Indies great Clive Lloyd made a memorable century during the inaugural World Cup final.

Together with Ravi Bopara (51), Buttler shared a sixth-wicket stand of 133 as he replied to an impressive century by opposing wicketkeeper Kumar Sangakkara (112) and the left-hander’s partnership of 172 with Tillakaratne Dilshan (71).

But England ultimately paid the price for a slow start to their run-chase with Chris Jordan caught in the deep and Buttler run out in a tense final over from Lasith Malinga.

“It’s a hell of an innings. He doesn’t deserve to be on the losing side, playing like that,” Cook said.

“It’s one of the best innings I’ve seen.”

Buttler is not a physically imposing player but, blessed with the reflexes of a talented racquet-sports player, still manages to generate impressive bat speed.

“I don’t know where he gets his power from,” said Cook, an orthodox opening batsman. “It is an incredible talent.

“Having him coming in, you’re never out of the game.

“He’s got great hand-eye (coordination), and his head is so still when he hits the ball so incredibly well.”

But with Malinga reducing England to 10 for 2 by removing Cook and fellow opener Ian Bell, the hosts were always up against it.

“When you lose wickets at the top of the order, you do have to rebuild and give yourself that chance to take the game deep,” added Cook. “You know you can catch up.

“It’s not the ideal way of playing it – because when you score 120 odd off 70 balls, you should win games of cricket.

“But he (Buttler) almost got us there.”

Sri Lanka captain Angelo Mathews was equally impressed by Buttler’s century, saying: “Jos played an unbelievable innings. He nearly took us apart, and took the game away from us.

“He can hit the ball out of the park at any given time. He’s an extremely talented young player, who played the innings of his life.”

However, Mathews added: “But we stuck to our plans, did the basic things right.”

With Matt Prior struggling with an Achilles injury after being dropped during England’s 5-0 Ashes debacle in Australia and doubts over Jonny Bairstow’s suitability, there has been speculation regarding Buttler making a Test debut come next month’s series opener against Sri Lanka at Lord’s.

But there are doubts over whether Buttler’s glovework in particular is up to the task and Cook, while confident the former Somerset star would eventually play Test cricket, appeared to share those concerns.

“He knows what he’s doing (but) I think he’s yet to find that in four-day cricket.

“But a guy who is as talented as that, there’s no reason why he can’t.

“I think he will become a very good Test player at some stage for England.

“Talented people find ways to do that, but I don’t think he’s quite ready yet for that role.”

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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.”