American Pharoah will be attempting what no horse has accomplished since 1978 and capture the Kentucky Derby, Preakness and Belmont crowns on Saturday. Andy Lyons / AFP
American Pharoah will be attempting what no horse has accomplished since 1978 and capture the Kentucky Derby, Preakness and Belmont crowns on Saturday. Andy Lyons / AFP

Final jewel of Triple Crown is within American Pharaoh’s reach



It is more likely than not that the Triple Crown drought in America will end in the early hours of Sunday morning as American Pharoah is the overwhelming favourite for the 147th running of the Belmont Stakes.

Since Affirmed’s success under Steve Cauthen in 1978, the hopes of 12 sets of connections have bitten the dust at the racecourse known as the “Big Sandy” as horses have struggled to snap that barren spell.

Affirmed battled his great rival Alydar through each of the stanzas of American sport’s most famous triptych, whereas this time around American Pharoah is the only horse left standing after the Kentucky Derby and the Preakness Stakes.

Trainer Bob Baffert and jockey Victor Espinoza have both more than once experienced the pain of defeat when on the verge of the Triple Crown.

Baffert has fallen short three times with Silver Charm (1997), Real Quiet (1998) and War Emblem, who was ridden by Espinoza when he came up short in 2002.

The Mexican rider also guided California Chrome into fourth place 12 months ago.

The Triple Crown is one of the most elusive slams in world sport, and we spoke to those who have been there and done it to get an insight in to what it takes, what it is like and how a win at Belmont Park this weekend might inject fresh enthusiasm for horse racing in America.

Steve Cauthen, jockey of Affirmed

The Triple Crown-winning jockey from 1978 also won the English Derby on Slip Anchor in 1985 and Reference Point in 1987.

With the Derby at Epsom also to be staged on Saturday, it is a reminder that Cauthen remains the only rider to have won both iconic events.

Inducted into racing’s Hall Of Fame in 1994, the former rider, 55, also completed the fillies’ Triple Crown in England when he rode Oh So Sharp to win the 1,000 Guineas, the Oaks and the St Leger for Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai.

“I think it certainly helps to spend some time riding around Belmont, because it is just a unique track being a mile and a half (2,400 metres) in circumference. It is so easy for guys that don’t ride there regularly to move a little bit prematurely.

“When you’re at the half-mile pole at Belmont you feel like you’re at the three-eighths pole on a normal track. It is just easy to make a mistake.

“Although Victor Espinoza is not a regular at Belmont he’s ridden in the Belmont Stakes, so I think he’s got his perspective well there. Every good jockey is usually a good judge of pace and obviously Victor’s won enough races to do it ...

“I specifically remember after winning the Triple Crown back in 1978 that there were some people saying the Triple Crown was getting too easy. You know, like we’re going to have to make it tougher, which is laughable now.

“It would be great for racing if they won. I think one of the things that was so satisfying about winning the Triple Crown was that the great rivalry of Alydar and Affirmed attracted a huge amount of fans to racing, and they turned into lifelong fans.

“I can’t remember the last time a horse was on the cover of Sports Illustrated or TIME magazine. It’s been awhile. I think Secretariat might’ve been the only horse that actually even made it to the cover of TIME.

“That’s what racing needs.”

Billy Turner, trainer of Seattle Slew

Turner, 75, is the only living trainer to have won the Triple Crown. He trained Seattle Slew to become the 10th Triple Crown winner in 1977 and, including the Wood Memorial Stakes, Seattle Slew in fact won four races in a space of just seven weeks. Seattle Slew remains the only undefeated Triple Crown winner in history.

“I think it’s perfect for American Pharoah. I just think that the way he ran in the Preakness he did it with such ease. He was striding so easily during the last part of it that the race didn’t seem to take anything out of him, and I just think he’s coming up to this race perfectly.

“(Hall Of Fame trainer) Woody Stephens won five Belmonts and he did it with horses that trained on the track every day. They were used to going the mile-and-a-half around that big oval.

“It does give you an edge if you’ve trained over it. It’s been proven time and time again. I think Union Rags (2012) was about the first horse that didn’t train here to win the Belmont in quite a while, so it really surprised me that American Pharoah will not have a work over the track.

“The period between the Preakness and Belmont is easy if your horse is doing well, and you’re very confident in his condition, and he doesn’t have any little things that are bothering him. But if he has little things that you’re concerned about, that makes the pressure intense. You want to see your horse put on his best performance and any little thing that pops up you take very seriously.”

Penny Chenery, owner and breeder of Secretariat

Born in New York, the 93-year-old Penny Chenery bred Secretariat, one of the greatest horses the world has seen.

Secretariat won the Kentucky Derby and Preakness Stakes in record time before he ended a 25-year wait for the Triple Crown in the Belmont Stakes. He set a record time for 2,400 metres on dirt, which still stands, when he went 31 lengths clear in the Belmont Stakes.

“For me, the weeks between the last two races were just impossible because Secretariat was a very charismatic horse and he kept the public’s attention, and I’m not shy. We did in-depth interviews for three magazines because he was on the cover of three magazines that week. I loved it, but it was a lot of work.

“The people who write to me tell me exactly where they were when Secretariat won the Triple Crown or how it impacted them a lifelong love of racing, and we need to support our sport.

“One of our problems, of course, is timing. You only get a race every half-hour and, in today’s world, that’s too long. People want something going on all the time. I know the jockey has to get changed and get ready for the next race, but he could sign a few autographs in between or just stop and say, ‘hi’ to the fans.

“We need to humanise our sport and capitalise on our stars, not only our equine stars.

“I hope they don’t change the (Triple Crown) format. It’s been this way for so long and all our records and statistics are based on this. I don’t think the issue of fresh horses is such a big deal. With Secretariat the more work we threw at him the stronger he got. This is horse racing. If you make it too easy then we’ll have more Triple Crown winners and it will lose its validity.

“American Pharoah seems to have a very fluid, easy stride and doesn’t seem to have any weakness to overcome, so it’s a question of whether he can master his mind around it and do it again. We don’t train horses to do that these days.”

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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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.”

Liverpool’s fixtures until end of 2019

Saturday, November 30, Brighton (h)

Wednesday, December 4, Everton (h)

Saturday, December 7, Bournemouth (a)

Tuesday, December 10, Salzburg (a) CL

Saturday, December 14, Watford (h)

Tuesday, December 17, Aston Villa (a) League Cup

Wednesday, December 18, Club World Cup in Qatar

Saturday, December 21, Club World Cup in Qatar

Thursday, December 26, Leicester (a)

Sunday, December 29, Wolves (h)

The biog

Name: Marie Byrne

Nationality: Irish

Favourite film: The Shawshank Redemption

Book: Seagull by Jonathan Livingston

Life lesson: A person is not old until regret takes the place of their dreams

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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

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The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
​​​​​​​Princeton

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Score

Third Test, Day 2

New Zealand 274
Pakistan 139-3 (61 ov)

Pakistan trail by 135 runs with 7 wickets remaining in the innings

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