Peyton Manning broke Brett Favre’s all-time record for touchdown passes, leading Denver to a 42-17 rout of San Francisco to cap a scintillating Sunday in the NFL.
Manning went into the game needing three TD throws to eclipse the record of 508 established by Favre before he retired after the 2010 season.
Manning had done it by halftime, and added on a fourth TD early in the third quarter to stretch his record to 510 and counting.
“It was a special night,” Manning said. “It’s one I’ll always remember.”
The five-time NFL Most Valuable Player fired touchdown passes on three of Denver’s first four drives.
His eight-yard throw to Demaryius Thomas on a third-and-goal in the front right part of the end zone broke the record with 3:09 to play in the second quarter.
Favre congratulated Manning on Twitter shortly after.
“Well deserved Peyton, Congratulations on breaking my record. #Onto600,” he said.
But Manning wasn’t the only NFL record-breaker in Week 7.
Dallas’s DeMarco Murray became the first running back in NFL history to open a season with seven straight 100-plus yard games.
Murray gained 128 yards and scored a touchdown in the Cowboys’ 31-21 victory over NFC East division rivals New York Giants.
He had matched Jim Brown’s record of six 100-yard games to start a season in the Cowboys’ win over the Seahawks last week.
Super Bowl champions Seattle fell short in their effort to bounce back from that defeat as they were stunned 28-26 by St Louis Rams.
Rams quarterback Austin Davis completed 18 of his 21 passing attempts with two touchdowns and the Rams added a punt return TD and converted a gutsy fake punt late in the game to seal the dramatic victory.
The defeat spoiled a record-setting performance by Seahawks signal-caller Russell Wilson, who threw for 313 yards with two touchdowns and also rushed for a game-high 106 yards and a score.
Wilson became the first player in NFL history with 300-plus passing yards and 100-plus rushing yards in a single game.
The Rams’ narrow victory was just one of the day’s nail-biters.
Cairo Santos, Kansas City’s rookie kicker from Brazil, booted a game-winning field goal with 21 seconds to play in the Chiefs’ 23-20 victory over AFC West rivals San Diego.
Washington cut it even closer, with Kai Forbath kicking his fourth field goal of the game as time expired to seal a 19-17 win over Tennessee.
Corey Fuller’s touchdown catch with less than two minutes to play capped a late Detroit rally, lifting the Lions to a 24-23 triumph over New Orleans Saints.
Buffalo quarterback Kyle Orton connected with Sammy Watkins for a two-yard touchdown with one second remaining in the Bills’ 17-16 win over Minnesota.
The Bills overcame four turnovers and the loss of running backs Fred Jackson and CJ Spiller with injuries to pull off the victory.
There was no last-minute drama in Chicago, where Miami quarterback Ryan Tannehill was nearly perfect in the first half and the Dolphins parlayed a 14-0 halftime lead into a 27-14 victory over a Bears team booed by home fans at the interval.
Green Bay trounced Carolina 38-17 behind three touchdown passes from quarterback Aaron Rodgers.
Colts quarterback Andrew Luck impressed as well, throwing two touchdown passes in his fifth straight 300-yard game as Indianapolis crushed Cincinnati 27-0.
Baltimore quarterback Joe Flacco threw for 258 yards and two touchdowns to lead the Ravens to a convincing 29-7 victory over Atlanta.
Jacksonville celebrated their first win of the season as Denard Robinson rushed for 127 yards and a fourth-quarter touchdown in a 24-6 win over Cleveland.
Oakland are now the only winless team remaining after falling 24-13 to Arizona.
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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.”
