Arsene Wenger insists his 24/7 approach to managing Arsenal will deliver results as he again defended his position.
The Gunners manager insisted he is not bothered about the criticism after Saturday's 1-0 win at West Brom. A banner was unfurled in the away end at the Hawthorns which read 'Arsene, thanks for the memories but it's time to say goodbye'.
Danny Welbeck’s winner failed to appease some supporters despite the Gunners sitting two points off the top four in the Premier League.
But, after 18 years in charge of Arsenal, Wenger said he will ignore the jibes and will not waver.
He said: “I don’t mind. I do what I love and I think I do it with honesty and total commitment. I invite you to live with me and see in seven days what kind of work we produce and you will see it’s with total commitment.
“I think we have shown extreme consistency and that’s all you can do. We’ve had ups and downs in the league, that’s true, but you only come back again when the spirit is strong and united inside the club.
“If we have shown consistency it’s because we have that, we have values and respect them.”
Welbeck netted on the hour, his 11th goal for club and country this season, after a switch saw him move out to the right and Wenger joked about his tactics.
He said: “I never know what a Plan B is. I started to manage a team at the top level in 1983 so, if I am completely useless tactically, I am a genius.”
The defeat condemned Albion to a third straight loss without scoring and Baggies fans rounded on head coach Alan Irvine.
They host West Ham on Tuesday having won just once in their last eight games in all competitions and Irvine insisted there are too many outside pressures on managers.
“There are, it’s well known it took Sir Alex Ferguson a long time to have the success he had,” he said.
“In today’s climate he wouldn’t have got anywhere and people wouldn’t have seen the most successful manager in British football because he would have lost his job.
“That’s where we are, it’s an instant society. Everything is expected in a hurry.”
And Irvine feels the wider audience do not understand what it takes to be a top-flight manager.
“Probably not,” he said.
“I had a very long apprenticeship before I became a manager. I thought I knew what becoming one would be having spent five and a half years as an assistant manager and having done just about every coaching role.
“But I found out when I sat in the chair I didn’t know.
“It’s like people will think they know (a journalist’s) job and, when they have done it, that’s when they realise they don’t know (what it involves). That’s the way it is.”
English Premier League fixtures
Tuesday (in UAE time)
Burnley v Newcastle United, 11.45pm
Leicester City v Liverpool, 11.45pm
Manchester United v Stoke City, 11.45pm
Swansea City v Queens Park Rangers, 11.45pm
West Bromwich Albion v West Ham United, midnight
Crystal Palace v Aston Villa, midnight
Wednesday
Arsenal v Southampton, 11.45pm
Chelsea v Tottenham Hotspur, 11.45pm
Everton v Hull City, 11.45pm
Sunderland v Manchester City, 11.45pm
Follow our sports coverage on twitter at @SprtNationalUAE
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
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.”
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
'The Lost Daughter'
Director: Maggie Gyllenhaal
Starring: Olivia Colman, Jessie Buckley, Dakota Johnson
Rating: 4/5
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
The biog
Name: Timothy Husband
Nationality: New Zealand
Education: Degree in zoology at The University of Sydney
Favourite book: Lemurs of Madagascar by Russell A Mittermeier
Favourite music: Billy Joel
Weekends and holidays: Talking about animals or visiting his farm in Australia
COMPANY%20PROFILE
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