Tim Paine said his Australia side were outplayed at key moments as they became the first home side to lose a Test series to India on Monday.
India wrapped up a 2-1 series victory, their first in 71 years of touring Australia, after the fourth and final Test petered out in a draw at a rain-drenched Sydney Cricket Ground on Monday.
It leaves Australia captain Paine, who assumed the armband in the wake of the ball-tampering scandal in South Africa last year, with just one win - last month's victory in Perth that tied up the series at 1-1 - in seven Tests at the helm.
Paine, 34, admitted his inexperienced side had been completely outplayed in the last two matches in Melbourne and Sydney but thought the series might have panned out differently had the Australians done better in the opener in Adelaide.
"We honestly feel that we let that Test match slip," he told reporters.
"We thought had a number of opportunities in that Test to get ahead of the game, and when those key moments came up, India outplayed us.
"More often than not when those big moments came up, Virat [Kohli] scored a century or [Cheteshwar] Pujara scored one or [Jasprit] Bumrah bowled a great spell and got them through those moments.
"Their best players stood up in the big moments."
Paine said the Australians needed to emulate the Indians when they take on Sri Lanka in a two-Test series.
"We can learn a lot from the way they went about it and we'll make sure we do," he said.
"We'll have a week off and get ready for the Sri Lanka series. We've got faith that the guys around the team are the right guys."
Paine said he had faith that senior batsmen Usman Khawaja and Shaun Marsh and the pace bowlers Mitchell Starc, Josh Hazlewood and Pat Cummins would rediscover their best form after under-par series.
He thought that opener Marcus Harris and Travis Head, who probably got their chances because of the absence of Smith and Warner, had acquitted themselves well at Test level.
Still, the numbers don't lie. Man-of-the-series Pujara hit centuries in India's victories at Adelaide and Melbourne as well as the drawn Sydney Test on his way to a series total of 521 runs no Australian batsman managed triple figures in an innings.
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Virat Kohli leads India to first Test series win in Australia
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"Clearly, we know we're not going to win too many any Test matches without scoring hundreds," he said.
"But when guys are in their third, fourth Test matches, it's hard. We had so many starts throughout this series, it's just the experience of learning how to convert them.
"[And the Indian] attack was seriously good. I don't think in Australia we've given them enough credit for how relentless they were. It was hard work batting even for seasoned test players."
After a one-day series against India, Australia next take on Sri Lanka in Brisbane starting on January 24 followed by the second Test in Canberra.
UAE currency: the story behind the money in your pockets
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Fixtures
Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am
Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am
Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am
Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight
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.”
The five pillars of Islam
As You Were
Liam Gallagher
(Warner Bros)
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
'The%20Alchemist's%20Euphoria'
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Killing of Qassem Suleimani
Wayne Rooney's career
Everton (2002-2004)
- Appearances: 48
- Goals: 17
Manchester United (2004-2017)
- Appearances: 496
- Goals: 253
England (2003-)
- Appearances: 119
- Goals: 53