England might have been blown away by Australia inside two days in the opening Ashes Test in Perth but former middle order batter Jonathan Trott is backing Ben Stokes's team to fight back in the remaining four Tests.
The oldest rivalry in cricket resumed in spectacular fashion in Western Australia on a lively Perth pitch as 19 wickets fell on the opening day.
England seemed to have caught Australia on the back foot, especially since the hosts were missing front-line quicks Pat Cummins and Josh Hazlewood, while opening batter Usman Khawaja picked up a back injury during the game.
A target of 205 looked like a challenging one against England's impressive and well-stocked pace attack in helpful conditions. But Australia's makeshift opener Travis Head turned the match on its head within a couple of hours, cracking 123 from just 83 balls to complete the run chase inside 30 overs.
The dramatic nature of the match dampened the mood among English supporters, many of who saw the opening match as the best opportunity since the Australians were missing key players.
But Trott, head coach of Gulf Giants in the DP World International League T20, believes England will fight back. And that they don't need to make too many changes.
“I switched the TV on and England were 100-1 effectively ahead [in Perth]. And then it changed very quickly. It's a great example of Test cricket and how quickly stuff can change.
“I think it's going to be a great series with four to go. And I wouldn't write England off,” Trott told The National ahead of the new season of the ILT20 which began on Tuesday.
“Ben Stokes and Brendon McCullum have been down in a series before and fought their way back.”
While England will be without the injured Mark Wood for the second pink-ball Test which begins in Brisbane on Thursday, the visitors' fast bowling pool of Jofra Archer, Brydon Carse, Gus Atkinson and Stokes looks adequately potent. Trott believes the uncertainties involved in a day-night Test can make for an closer contest.
“I'm fascinated to see how this pink ball goes, with the quality of seam bowling on show. It's yet to be seen if England are going to change the way they play. I don't think they will. They have stuck to their guns in the past and it has served them well,” the South Africa-born batter said.
“You will see England fight back. I'm not sure on the exact scoreline yet, depending on weather getting into the last couple of games. So it's really tricky, but I would be wary to doubt the England side.”
Stokes to return to white-ball cricket?
One constant in England's effort to rise to the top in Test cricket is the single-minded dedication of captain Stokes. The all-rounder has restricted himself to red-ball cricket for now, having last played an international white-ball game more than two years ago.
But given his consistent output with both bat and ball in the longest format, the temptation is there to get Stokes back in the mix for at least ODI cricket, looking ahead to the 2027 ODI World Cup.
Trott said Stokes's passion for Test cricket is clear, but with major ICC tournaments almost every year, and with McCullum now in charge of all formats, a return to limited overs cricket is feasible.
“If you look at him play a Test match, the amount of overs he bowls … he's just looking after his body, the longevity and the pride that he takes in being England captain. He wants to make sure he is there and available for Test matches and certainly this Ashes is key.
“You never know what things might change. There are all sorts of World Cups coming around the corner. And now that Brendon is in charge of all three teams, we'll have to see what happens.”
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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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The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre
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2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
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Pool A – Dubai Exiles, Dubai Hurricanes, Bahrain, Dubai Sports City Eagles
Pool B – Jebel Ali Dragons, Abu Dhabi Saracens, Abu Dhabi Harlequins, Al Ain Amblers
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Pool D – Dubai Tigers, UAE Shaheen, Sharjah Wanderers, Amman Citadel 2
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Pool B – Dubai English Speaking College 2, Jumeirah College, Dubai College A, Abu Dhabi Harlequins 2
Pool C – Bahrain Colts, Al Yasmina School, DESC, DC B
Pool D – Al Ain Amblers, Repton Royals, Dubai Exiles, Gems World Academy Dubai
Pool E – JESS A, Abu Dhabi Sharks, Abu Dhabi Harlequins 1, EC
Gulf Women
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Pool C – Dubai Hurricanes, Emirates Firebirds 2, Abu Dhabi Saracens, Transforma Panthers
Pool D – AUC Wolves, Dubai Hawks, Abu Dhabi Harlequins, Al Ain Amblers
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Pool B – Arabian Knights, Dubai Hurricanes, Al Ain Amblers, Abu Dhabi Harlequins
The Intruder
Director: Deon Taylor
Starring: Dennis Quaid, Michael Ealy, Meagan Good
One star
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