• Fulham's Tom Cairney and goalkeeper Bernd Leno celebrate their win over Nottingham Forest at The City Ground on Friday, September 16, 2022. PA
    Fulham's Tom Cairney and goalkeeper Bernd Leno celebrate their win over Nottingham Forest at The City Ground on Friday, September 16, 2022. PA
  • Fulham's Tosin Adarabioyo scores past Nottingham Forest's Dean Henderson. Reuters
    Fulham's Tosin Adarabioyo scores past Nottingham Forest's Dean Henderson. Reuters
  • Nottingham Forest manager Steve Cooper after the defeat to Fulham. Getty
    Nottingham Forest manager Steve Cooper after the defeat to Fulham. Getty
  • Nottingham Forest's Ryan Yates battles with Fulham's Andreas Pereira. Reuters
    Nottingham Forest's Ryan Yates battles with Fulham's Andreas Pereira. Reuters
  • Nottingham Forest's Lewis O'Brien celebrates scoring their second goal with Sam Sturridge. Reuters
    Nottingham Forest's Lewis O'Brien celebrates scoring their second goal with Sam Sturridge. Reuters
  • Fulham's Harrison Reed celebrates scoring his side's third goal. AP
    Fulham's Harrison Reed celebrates scoring his side's third goal. AP
  • Fulham's Tosin Adarabioyo, right, scores on Friday. AP
    Fulham's Tosin Adarabioyo, right, scores on Friday. AP
  • Fulham's Joao Palhinha, left, after scoring at the City Ground in Nottingham. AP
    Fulham's Joao Palhinha, left, after scoring at the City Ground in Nottingham. AP

Nottingham Forest lament 'self-inflicted' loss to Fulham


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Steve Cooper feels Nottingham Forest's problems are "self-inflicted" after familiar failings led to a 3-2 defeat against Fulham at the City Ground.

A fortnight after squandering a two-goal lead against Bournemouth to lose 3-2, Forest went ahead early on through Taiwo Awoniyi against the Cottagers but then conceded three times in a breathless six-minute window.

Tosin Adarabioyo levelled after 54 minutes before Joao Palhinha's terrific strike put them ahead, while Harrison Reed's first goal for Fulham meant Lewis O'Brien's effort was a mere consolation for Forest.

Cooper said: "It's self-inflicted again. We should look no further than at ourselves. What we're not doing at the moment is, when we concede a goal, we're not managing the moments after it well enough.

"A couple of times now we've been punished. Whether it's concentration or a bit of anxiety or trying to get back into the game too quickly, I don't know."

Asked whether his side were still mentally scarred by their setback against the Cherries, Cooper replied: "Maybe. You'd have to say yes. We were playing well when they got their first goal, probably our best moment in terms of general play in the game. Maybe it was a body blow."

  • A tribute to Queen Elizabeth II is displayed on screen as fans and players observe a minute's applause in her memory in the 70th minute of the Premier League match between Aston Villa and Southampton at Villa Park on Friday September 16, 2022. PA
    A tribute to Queen Elizabeth II is displayed on screen as fans and players observe a minute's applause in her memory in the 70th minute of the Premier League match between Aston Villa and Southampton at Villa Park on Friday September 16, 2022. PA
  • An Aston Villa fan holds up a sign paying tribute to Queen Elizabeth II at Villa Park. PA
    An Aston Villa fan holds up a sign paying tribute to Queen Elizabeth II at Villa Park. PA
  • Fans take part in a minute's applause on the 70th minute as a tribute to Queen Elizabeth II at Villa Park. Getty
    Fans take part in a minute's applause on the 70th minute as a tribute to Queen Elizabeth II at Villa Park. Getty
  • Players and officials stand in silence in memory of Queen Elizabeth ahead of the match between Aston Villa and Southampton at Villa Park. AFP
    Players and officials stand in silence in memory of Queen Elizabeth ahead of the match between Aston Villa and Southampton at Villa Park. AFP
  • A tribute to Queen Elizabeth prior to the Premier League match between Nottingham Forest and Fulham FC at City Ground. Getty
    A tribute to Queen Elizabeth prior to the Premier League match between Nottingham Forest and Fulham FC at City Ground. Getty
  • Nottingham Forest players and manager Steve Cooper during a minute silence for Queen Elizabeth II. PA
    Nottingham Forest players and manager Steve Cooper during a minute silence for Queen Elizabeth II. PA
  • Former football player David Beckham leaves after paying his respects to Queen Elizabeth lying in state in London. Reuters
    Former football player David Beckham leaves after paying his respects to Queen Elizabeth lying in state in London. Reuters
  • David Beckham leaves Westminster Hall, at the Palace of Westminster, in London after paying his respects to Queen Elizabeth. AFP
    David Beckham leaves Westminster Hall, at the Palace of Westminster, in London after paying his respects to Queen Elizabeth. AFP

Forest were condemned to a fourth successive defeat, during which time they have shipped 14 goals, and remain second bottom in the Premier League after taking just four points from their first seven games.

They have overhauled their squad since achieving promotion from the Championship via the play-offs last season, making a total of 22 signings over a hectic summer.

The Forest head coach added: "Some of our game is positive and it looks like we're progressing, but there's other parts of our game where we do look like a new team, there's no doubt about that.

"When you need to regroup and when you need to stay together, that comes with an experienced team with connections on the pitch.

"It's something we don't have with the nature of the squad that has been put together and the timing of it. That's the sort of stuff you address in pre-season.

"But obviously we're addressing it right in the middle of the Premier League. But we look no further than ourselves, the only thing we can continue to work hard and address that and improve."

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.”

RESULTS

Dubai Kahayla Classic – Group 1 (PA) $750,000 (Dirt) 2,000m
Winner: Deryan, Ioritz Mendizabal (jockey), Didier Guillemin (trainer).
Godolphin Mile – Group 2 (TB) $750,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar
Dubai Gold Cup – Group 2 (TB) $750,000 (Turf) 3,200m
Winner: Subjectivist, Joe Fanning, Mark Johnston
Al Quoz Sprint – Group 1 (TB) $1million (T) 1,200m
Winner: Extravagant Kid, Ryan Moore, Brendan Walsh
UAE Derby – Group 2 (TB) $750,000 (D) 1,900m
Winner: Rebel’s Romance, William Buick, Charlie Appleby
Dubai Golden Shaheen – Group 1 (TB) $1.5million (D) 1,200m
Winner: Zenden, Antonio Fresu, Carlos David
Dubai Turf – Group 1 (TB) $4million (T) 1,800m
Winner: Lord North, Frankie Dettori, John Gosden
Dubai Sheema Classic – Group 1 (TB) $5million (T) 2,410m
Winner: Mishriff, John Egan, John Gosden

Updated: September 17, 2022, 9:13 AM