Arsenal's Martin Odegaard, left, puts his arm around Arsenal's Bukayo Saka after Sako failed to score from a penalty kick during the English Premier League soccer match between West Ham United and Arsenal at the London stadium in London, Sunday, April 16, 2023. (AP Photo / Kirsty Wigglesworth)
Arsenal's Martin Odegaard, left, puts his arm around Arsenal's Bukayo Saka after Sako failed to score from a penalty kick during the English Premier League soccer match between West Ham United and Arsenal at the London stadium in London, Sunday, April 16, 2023. (AP Photo / Kirsty Wigglesworth)
Arsenal's Martin Odegaard, left, puts his arm around Arsenal's Bukayo Saka after Sako failed to score from a penalty kick during the English Premier League soccer match between West Ham United and Arsenal at the London stadium in London, Sunday, April 16, 2023. (AP Photo / Kirsty Wigglesworth)
Arsenal's Martin Odegaard, left, puts his arm around Arsenal's Bukayo Saka after Sako failed to score from a penalty kick during the English Premier League soccer match between West Ham United and Ars

Premier League talking points: West Ham setback far from fatal for Arsenal


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As has become customary for this season, it was another dramatic weekend in the Premier League full of twists and turns. Here are the biggest talking points from the latest round of matches.

West Ham setback far from fatal for Arsenal

It was a case of recent history repeating itself for Arsenal: race into a 2-0 lead, in total control, and on course to make a major statement about their title intentions, the Gunners had to settle for a point for a second straight week after West Ham fought back for a 2-2 draw.

It was a similar story at Anfield the previous week, and while the failure to secure maximum points from either match, particularly from such position of strengths, will be the primary concern for Mikel Arteta, the sharp decline in performance mid-match should also set off an alarm bell or two.

After Aaron Rasmdale's late heroics prevented defeat to Liverpool, Said Benrahma's penalty sparked West Ham into life and the hosts went on to dominate. Of course, Bukayo Saka's missed penalty, which would have made it 3-1, was a significant moment but on the balance of the game, it was the Hammers who could perhaps have been disappointed not to win.

Still, talk of Arsenal buckling under the pressure feels premature. The last time the Gunners suffered a wobble, they bounced back with six straight wins, and there's nothing to suggest that they could not do similar this time around.

The draw at West Ham certainly feels like a setback but Arsenal still lead Manchester City by four points, albeit from one more game, and if they avoid defeat at the Etihad, the title is firmly back in their hands.

After all, it is Arsenal with points on the board and City who need to deliver results to close them down. Granted, City's imperious form means they could feasibly win all their remaining games, but one slip and the picture will look far rosier for the Gunners.

Have Liverpool turned a corner this time?

What a strange season this has been for Liverpool. A slow start to the campaign appeared to end with a 9-0 win over Bournemouth in their fourth match, but that ultimately failed to deliver a prolonged run of positive results, despite wins over City and Tottenham.

Then came the historic 7-0 humiliation of rivals Manchester United, only to meekly lose to Bournemouth the following week, escape with a goalless draw against struggling Chelsea, and be outclassed by City.

This time? Monday night's 6-1 thrashing of Leeds United was once again Liverpool at their devastating attacking best, but given what has come before this season, it can hardly be used as an indicator that Jurgen Klopp's side have finally turned a corner.

Their next game is at home against a Nottingham Forest side without a win in their last nine, so it should present an ideal opportunity for Liverpool to follow up with another emphatic victory. At the same time, the Reds could conceivably lose as the defensive problems which have plagued their season resurface. Considering their inconsistency, neither outcome should surprise.

Aston Villa's Emery revival leads to European push

In a season which has seen a record number of managerial changes in the Premier League, Unai Emery is the prime example for when it works.

The Spaniard arrived at Aston Villa at the start of November with the club 15th in the Premier League table. In the 18 games under Emery, Villa have won 12 and lost just four to surge up the standings. Their latest victory – a 3-0 breeze past Newcastle – was their fifth in a row and has thrust Villa into European contention.

Emery insisted that the top four, and with it Champions League football next season, is beyond Villa but he's not fooling anyone. Villa are six points behind fourth-placed Newcastle, who have played one game fewer, but there are still plenty of points up for grabs from the remaining seven or eight games.

Even if the top four is ultimately beyond Villa, a place in the Europa League or Europa Conference League looks very much on the cards. Wherever Villa end the season, the future looks bright under Emery.

Unai Emery has led Aston Villa from 15th to sixth and into European contention. Getty
Unai Emery has led Aston Villa from 15th to sixth and into European contention. Getty

Lampard's inability to spark Chelsea a blessing in disguise

No supporter enjoys watching their team lose. Even when there is disgruntlement aimed at the manager, board or owner, fans still want their team to win each and every match.

That said, Frank Lampard's inability to spark Chelsea into life since his surprise return could be a blessing in disguise. Chelsea's season was dead and buried long before the club's greatest goalscorer returned to the dugout, but three straight losses in his first three games – the latest a 2-1 home defeat to Brighton – should dash any hope of a more permanent appointment.

Had Lampard emulated Ole Gunnar Solskjaer, who while in caretaker charge of United in 2018/19 led the club to 11 wins 13 games to earn the gig full-time, he might have forced his way into contention for the Chelsea job beyond the end of the season.

After getting their last managerial appointment so wrong, Chelsea can ill-afford to make the same mistake again, and whoever the club feel is the answer, Lampard isn't it. His short spell so far should confirm that, even if the Blues pull off a Champions League miracle against Real Madrid.

Chelsea have lost all three games under Frank Lampard. Getty
Chelsea have lost all three games under Frank Lampard. Getty

Bournemouth the unlikely relegation candidate to pull clear

A relegation battle that only a few weeks ago involved as many as nine clubs appears to be increasingly concentrated on fewer teams, and one of those expected to be in the thick of the scrap is in fact pulling clear.

Of the clubs expected to ultimately suffer the drop, Bournemouth were prime candidates. Instead, the south-coast side have won four of their last five to surge to 14th in the table and six points clear of danger.

Saturday's last-minute 3-2 win at Tottenham was the sort of result and performance that should safeguard Bournemouth's top-flight status, against all expectations.

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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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Updated: April 18, 2023, 8:51 AM