Arsenal stopper and Spurs stalwart made good; who else? – EPL top 10 signings so far


Richard Jolly
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Below, Richard Jolly identifies the Premier League's best signings so far, including Petr Cech at Arsenal and Toby Alderweireld at Tottenham Hotspur. 1 pound = 5.45 UAE dirhams.

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10 – Kevin De Bruyne, Manchester City (£54 million)

He didn’t come cheap – if he had, he would have ranked rather higher in this list – but De Bruyne has showed that he is not just a guarantee of goals and assists in the Bundesliga. He has slotted in seamlessly at City, despite being asked to play in four different positions.

9 – Robert Huth, Leicester City (£3 million)

Admittedly, Leicester have only kept three clean sheets but Huth has nevertheless been a tower of strength at the back. The club probably would not have stayed up but for his influential displays on loan last season. His permanent arrival and his centre-back partnership with captain Wes Morgan have given Claudio Ranieri’s team a platform for progress.

8 – Petr Cech, Arsenal (£11 million)

The most obvious signing of the summer, but also one of the best. Cech may have had a deceptive debut, as he erred to allow West Ham to beat Arsenal 2-0, but he has excelled since then. If they win the title, his series of major saves will be a key reason why. No wonder Jose Mourinho did not want to let him leave Chelsea.

7 – Manuel Lanzini, West Ham United (loan)

It is fair to say few in England had taken note of Lanzini’s exploits for Al Jazira. His profile grew rapidly when he marked his first West Ham start with a third-minute goal in their 3-0 win at Anfield. Terrific technique, an eye for goal and the ability to fashion a chance mean it is easy to see why West Ham want to sign him permanently.

6 – Toby Alderweireld, Tottenham Hotspur (£11.5 million)

Tottenham conceded more goals than relegated Hull last season. This year, no one has let in fewer. Alderweireld is a key factor in the turnaround, adding solidity as he has established a terrific centre-back partnership with his fellow Belgian Jan Vertonghen. He has also chipped in with important goals in the wins over Manchester City and West Ham.

5 – Yohan Cabaye, Crystal Palace (£10 million)

A statement of intent. Bringing Cabaye in from Paris Saint-Germain was an indication of Palace’s ambition. The wisdom of adding a passer to a team with excellent wingers and a set-piece specialist to one with aerial targets has been borne out. Cabaye is playmaker, quarterback and talisman alike.

4 – Dimitri Payet, West Ham United (£10.7 million)

An influential, emblematic signing, showing the pulling power of the Premier League clubs. Bought from Marseille, Payet illustrated he had the class to play for England’s elite clubs by defeating them. The pass master and creator supreme excelled in West Ham’s away wins at Arsenal, Liverpool and Manchester City and chipped in with five goals himself before he was sidelined.

3 – Etienne Capoue, Watford (£6.3 million)

A couple of years ago, Capoue seemed part one of one of the worst spending sprees in footballing history as Tottenham squandered much of the £110 million they spent in 2013. Now he is proof that Watford are canny buyers, a powerful, forceful presence in front of the back four who is a reason why a new-look team find themselves a point off fourth.

2 – Gerard Deulofeu, Everton (£4.2 million)

The price is remarkable. So is the impact. When Deulofeu returned to Goodison Park, fans were complaining Everton were not spending. Yet they acquired the second most creative player in the country for a cut-price fee. Only Mesut Ozil has more assists and the Spanish stepover king represents the best supply line any one striker has: he has made six of Romelu Lukaku’s league goals already. A fine crosser and a direct dribbler, he is a terrific player.

1 – N'Golo Kante, Leicester City (£5.5 million)

Esteban Cambiasso’s departure seemed a fatal blow to Leicester. Instead, they found an altogether different form of replacement: younger, more athletic and perfectly suited to their style of football. Kante has been the ball-winner supreme, topping the chart of Premier League interceptions and allowing them to spring deadly quick counter-attacks.

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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