The F1 fraternity packs up after the final race of the season in Brazil.
The F1 fraternity packs up after the final race of the season in Brazil.

F1 drivers have a reluctance to put their feet up and rest



The chequered flag has fallen, the famous Brazilian post-race party has wrapped up and the personnel from the 12 Formula One racing marques have departed South America and are back in Europe. The season is officially over.

Yet the season did not end immediately after the race finished in Sao Paulo.

Drivers and principals remained with their teams, analysing data and fulfilling sponsorship commitments, while engineers had to be back at the factory to unpack cargo arriving by plane from Brazil before starting their well-earned rest this week.

Usually, the paddock needs to be packed up as quickly as possible, so it can be unpacked again in a new city a week or two later, but at November 28's season-ending race, at Interlagos, clearly that was not the case. And yet still, after the race, the teams worked busily late into the night. Why?

"You have to get the freight out as early as possible," said Geoff Simmonds, the race co-ordinator with Lotus-Renault. "The cargo is all booked on specific flights and can't be changed. It sounds obvious, but the end of the season is the end of a chapter and we want to get the cargo back, so we can unpack it at the factory and then start our holidays."

The next time the likes of Sebastian Vettel or Lewis Hamilton are seen behind the wheel of an F1 car will be in two months when pre-season testing starts in Jerez in Spain on February 7. It would be foolhardy, however, to presume holidays run into the second month of 2012.

"From the second week of December to the second week of January," is how Heikki Kovalainen details his off-season. "We have a month away from the team then we start preparing slowly: visit the factory, do the seat-fits and then from February we start driving again."

The Team Lotus driver intends to go home to Finland for Christmas to spend time with friends and family whom he has rarely seen during a season that now lasts effectively from early February to mid-December.

Vettel said all 24 drivers were "tired" and "ready for the break", but Kovalainen is the exception.

"I feel fresh - I could start the season now. I am not feeling tired or exhausted at all," said the Finn, who puts his unlikely energy down to tweaking his travel schedule.

In previous years he would fly back to his base in Geneva between races, but now when he travels to flyaway races, such as Singapore or Abu Dhabi, he remains in the region.

"My base is in Switzerland, but now when I go to the Asian races, I try to stay there for longer, use the time wiser and do less travelling. This seems to work much better for me, but, of course, the result is that I have not been back to visit my parents too much this year," he said.

Friends and family are a constant in all F1 people's plans, be it Lewis Hamilton hanging out with his friends or Pat Behar of the FIA communications team relaxing in France with his wife.

While things were winding up in Brazil one member of Renault's staff was planning to head to Goa with his girlfriend for Christmas; another at Hispania was looking forward to lazing on a beach in the Canary Islands.

Jenson Button's plans were no different in that his friends are involved, but his idea of an off-season is far removed from a few weeks kicking back at his home in Guernsey. The Englishman has a busy couple of months ahead, starting with the Race of Champions in Dusseldorf last weekend. However, with a schedule that includes triathlons, mountain biking and ocean-swimming, his McLaren-Mercedes team could understandably be concerned for their driver's health.

Mark Webber, in late 2008, broke his leg in a cycling accident while taking part in the Tasmania Challenge. Yet Button, who has a life goal of qualifying for the Ironman World Championship, sees no reason to be overly cautious during his winter break.

"I'm not going to wrap myself in cotton wool," he said. "Formula One rules my life for most of the year, but I am going to go away, train and have fun doing it and nobody is going to stop me. You have to be intelligent with how you do it, but I am not going to stop riding a bike or stop swimming in the sea, or stop running or doing triathlons or the Race of Champions, because I love it."

Webber's idea of having his "feet up" included a 6.5km fun run through a hilly course around the picture-postcard Australia port of Hobart, then having a photo-shoot while abseiling on a sheer rock face at a national park, all to promote this year's Tasmania Challenge, a charity event.

The challenge sees teams of two kayaking, mountain biking and trekking, and Webber is one of those competing, despite the serious crashes on the mountain bike in the past. Apart from the 2008 accident, he also fractured his shoulder in 2010 .

"Obviously there's some adrenalin involved and that's what people get out of bed for to enjoy that sort of stuff and do things they haven't done before," said Webber, to explain why he is not relaxing somewhere on a beach. "I'm obviously the same, not just when I'm driving the car, I like to take some risks but [also] making the right decisions for myself knowing that my proper career is racing cars."

Nico Rosberg, the Mercedes-GP driver said the break is welcomed because it allows him to get out of the monotony of focusing every day on work.

"It's good to take a little bit of a break and get onto other things for a while," he said. "During the season, every day is a routine because even my free days, I am making sure I spend them recovering from the intense training I have done the previous day."

Some drivers, including Adrian Sutil, Pastor Maldonado and Vitantonio Liuzzi, opted to remain in Brazil and took part in Felipe Massa's Go Kart Challenge in Florianopolis last weekend. They will be joined on the track with racing drivers from other series, including Tony Kanaan of Indycar and Nelson Piquet Jr of Nascar.

Pirelli, the Italian tyre manufacturers who have enjoyed a successful return to the sport this year, have been using the break to launch the famous Pirelli calendar in New York, while the FIA will host their annual awards gala in New Delhi on Saturday.

But for some involved in the sport, the off-season is not quite so glamorous. Dr Michelle Boekelaar has volunteered her medical expertise at several grands prix this season, but will use the winter break to work.

The Australian resigned from her job to follow the Formula One circus around the world this season and while she has had an unforgettable experience, she knows that with the end of the season "real life kicks in".

She does not have a specific job to walk into, but acknowledged she is fortunate that a shortage of doctors means her skills are in demand.

"I shudder to think of how much of my mortgage I could have paid instead of travelling, but you only live once, and if you can find a way to work within your budget it's worth every penny," she said of her experience this year. "In the future I'd love to get a job where I could do all of this on someone else's dime, but for the moment I'll have to find a way to earn money and come to as many races as possible."

While Boekelaar will remained in South America visiting Peru and the Galapagos Islands, the race teams struggle for such flexibility.

The extended season means it is difficult for staff to find time to take the holidays accrued throughout the year, said Simmonds, adding that attention has already turned to next season.

"We do a thing called a logistical outline with the race team secretary," he said. "It covers every race and every test throughout the year, so we know for instance we will fly to Jerez on February 1.

The chequered flag in Brazil may have brought an end to the racing, but the race is on to ensure teams hit the ground running next year. "We know the Olympics will cause a massive impact with flights, especially the Germany and Hungary grands prix," Simmonds said. "But that's why we plan in advance, to avoid such issues."

In Formula One, as anybody in the paddock will confirm, the work never stops.

@ For more on FORMULA ONE, visit thenational.ae/topics

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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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6.55pm: Handicap (D); Dh160,000; 1,600m
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Winner: Grand Dauphin, Gerald Mosse, Ahmed Al Shemaili

8.05pm: Handicap (T); Dh190,000; 1,800m
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