Keisuke Honda gestures to Japan supporters after the team’s 4-0 win over Palestine at the Asian Cup on Monday. Dan Himbrechts / EPA / January 12, 2015
Keisuke Honda gestures to Japan supporters after the team’s 4-0 win over Palestine at the Asian Cup on Monday. Dan Himbrechts / EPA / January 12, 2015

Cristiano Ronaldo ‘just a human being’, level attainable says Keisuke Honda



Japan's Keisuke Honda has become the latest player to aspire to the lofty heights of Real Madrid superstar Cristiano Ronaldo at an Asian Cup seemingly full of them.

The AC Milan playmaker told Japanese media on Wednesday that he felt he was not far off the level of Ronaldo, who won his third world footballer of the year award earlier this week.

"There is supposed to be a limit to how many goals one player can score but (Ronaldo) keeps knocking down those limits," Honda told the Sankei Sports newspaper after scoring from the spot in Japan's 4-0 thrashing of Palestine in their Asian Cup opener.

“But he’s just a human being, just like me, so I don’t want to say it’s impossible” to reach Ronaldo’s level,” he said. “That’s what I’m always striving for.”

Several players at the Asian Cup have been compared to Ronaldo, including South Korea’s Son Heung-min who has been dubbed “Sonaldo” by his Bayer Leverkusen teammates.

While the super-serious Honda was waxing lyrical, his Japan teammates have displayed a more relaxed demeanour and were spotted sipping espressos at the airport on Tuesday as they made their way to Brisbane for their second game of the tournament.

Iraq and Bahrain are among teams at the Asian Cup fancifully boasting their own “Ronaldo” but Honda appears determined to leave his mark on the competition after Japan’s World Cup flop last year left him in floods of tears.

Holders Japan, winners of a record fourth Asian Cup title after beating Australia in the 2011 final, face Iraq in their second Group D game and are joint favourites to win the competition along with the hosts, who have scored eight goals in two games.

Honda rather grumpily tore into the standard of refereeing after Japan’s rout of Palestine and as he prowled around Newcastle airport in designer sunglasses, the rest of the team posed with fans and signed autographs, stopping for a cup of coffee before boarding their flight.

Japan’s final group game will be against Jordan in Melbourne on January 20.

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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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