Manchester United manager Erik ten Hag said the referee made a "really bad decision" in not sending off Jules Kounde for a foul on Marcus Rashford during the 2-2 Europa League draw against Barcelona.
Marcos Alonso put the hosts ahead at Camp Nou shortly after the break before Rashford and an own goal by Kounde gave United the lead in the knockout round first leg at Camp Nou. Raphinha then levelled for Barcelona when his cross eluded David de Gea.
Ten Hag was furious in the second half when Rashford went down under a challenge from last-man Kounde but referee Maurizio Mariani waved away claims for a foul and VAR backed the decision. Barcelona equalised soon after.
"I think the refereeing had a big influence in this game. It was a clear foul on Rashy," Ten Hag said. "You can discuss if it’s in or outside the box, but then [if it's outside] it’s a red card, because he was one-on-one with the keeper. So it’s a big influence, not only on this game, but in this round.
"The referee can’t make such a mistake. I asked the referee why. He said it was outside the box and it was no foul. I said I think the linesman and the referee are in a very good position to see. We have the VAR. It was a really bad decision. I can’t understand – maybe they were impressed by the pressure Barcelona made but that can’t be at the highest European level.”
Despite his disappointment at the incident, Ten Hag was pleased with his team's performance. United dominated large parts of the game, particularly after Rashford's equaliser, and have put themselves in a good position ahead of the second leg at Old Trafford next Thursday.
“I think we dictated the game. Apart from maybe 15 minutes of the first half, we had some difficulties, but for the rest, we dictated the game and we outplayed [them]," Ten Hag said, "So many chances, so I was a little bit disappointed that in half-time it was 0-0 because we should have scored.
Barcelona v Man United player ratings
"The opportunities they had, we created by ourselves. But I think it was a great game, two attacking teams, I think it was really Champions League [level] and even more than that. So I really enjoyed the game a lot. In the end, 2-2, and we have to finish it at Old Trafford.”
Rashford was again at the centre of much of United's best attacking play, scoring his side's first with a superb narrow finish for his fourth goal in a row, before setting up the second by beating Raphinha with ease before his low cross forced the own goal.
The England international has now scored 22 goals in all competitions this season, and Ten Hag heaped praise on the forward.
“He is so unstoppable at this moment, such a high belief for scoring goals, which we are happy with of course," the United manager said. "But credit to the team as they get him every time in the right position.
"As I said before, we have other players who can score – Bruno, Jadon can score as well. Wout, of course, and they will score. In the end, it doesn’t matter who scores but we have to score, as you say, in such a game when you create five, six or seven 100 per cent chances. You have to finish them more than that so it’s quite clear.”
After a breathless match in Spain, United must now turn their focus back to the Premier League and a potentially tricky encounter against a resurgent Leicester City on Sunday.
“I can’t think about that [the second leg] in this moment. I think about Leicester, it’s all about Leicester," Ten Hag said. "It’s a big game again and they are in good shape. They have two wins in a row so I know it’s going to be a tough game but we have to be ready. If we are ready we have a good chance to win.”
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Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
Company%20profile
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The bio:
Favourite film:
Declan: It was The Commitments but now it’s Bohemian Rhapsody.
Heidi: The Long Kiss Goodnight.
Favourite holiday destination:
Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.
Heidi: Australia but my dream destination would be to go to Cuba.
Favourite pastime:
Declan: I love brunching and socializing. Just basically having the craic.
Heidi: Paddleboarding and swimming.
Personal motto:
Declan: Take chances.
Heidi: Live, love, laugh and have no regrets.
Tenet
Director: Christopher Nolan
Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh
Rating: 5/5
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.”
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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