Phil Foden enjoying 'best form in Man City shirt' after hat-trick against Brentford


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Phil Foden scored a brilliant hat-trick for Manchester City and then said he is in his best form, as Pep Guardiola's team fought back to earn a 3-1 win at Brentford and close to within two points of Premier League leaders Liverpool with a game in hand.

While City applied constant pressure, Brentford led with a Neal Maupay goal after 21 minutes. Thereafter, it was the Foden show as he levelled just before half time and then added two more excellent goals.

Liverpool, beaten by Arsenal on Sunday, lead the table on 51 points from 23 games but City are up to 49 from 22 and Arsenal on 49 from 23.

Foden was overjoyed with the result and credited his manager for giving him more responsibility.

The England international has now netted 14 times this season and is enjoying playing more centrally than he has in the past under Guardiola.

"Really delighted with my performances, delighted with the way I'm playing," Foden told Sky Sports.

"Playing more inside, where I want to play, as well. [It is the] best form I've had in a City shirt for a long time, consistently."

At 23, Foden already has a personal trophy cabinet that would be the envy of most clubs. In the six years since making his debut as a 17-year-old, Foden has a Champions League, five Premier Leagues, two FA Cups, four League Cups, the Club World Cup and 31 appearances for England to his name.

However, throughout that time he has had spells on the sidelines as City's superstar midfielders took centre stage. But this season, following the lengthy absence of Kevin de Bruyne, he has raised the bar.

"This is the most influential he has been in the team," Guardiola said after the victory.

"He has always had that threat in the box, he had that sense of an amateur player, like kids playing in the street. It's how he moves in the small spaces and when he's there now he can score or make an assist and that's difficult to find."

Foden added: "I've been getting goals and assists recently. I've been playing more centrally so I think that's why. It's the most consistent I've been for a long time.

"I'm a person that adapts and plays a lot of positions when needed. I'm enjoying playing in the middle and that's where I see myself. Hopefully I can get more game time playing there. I don't score a lot of headers so I'm delighted with that one.

"All I set myself is to try to better last year's stats and just try to improve every year – more goals and more assists. I need to keep going and showing this level of performance more often."

Brentford goalkeeper Mark Flekken was in inspired form to frustrate the champions in the opening 45 minutes as he made nine saves before the break.

The Bees went in front on 21 minutes. Flekken got the assist on top of his heroics at the back as from his goal-kick, Ivan Toney blocked off Nathan Ake, allowing Maupay to run clear and score for the fifth consecutive game.

Erling Haaland had a huge chance to mark his first start for two months with a goal moments later, but could not beat Flekken when sent clean through on goal.

In total City had 17 efforts on goal with 10 on target in the first half and finally made their final one count.

Ethan Pinnock headed De Bruyne's cross straight into the path of Foden, who controlled on his chest and swept the ball low into the corner. Eight minutes into the second period a De Bruyne delivery this time picked out the head of Foden directly to head past Flekken.

City made sure of an 11th victory in their last 12 games 20 minutes from time. Haaland may not have got his goal, but the Norwegian played his part with a perfectly weighted pass for Foden to bear down on goal and slot coolly past Flekken.

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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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Updated: February 06, 2024, 5:39 AM