Colombia coach Jose Pekerman was unhappy with the tactics of England players during their last-16 World Cup match in Moscow. Kai Pfaffenbach / Reuters
Colombia coach Jose Pekerman was unhappy with the tactics of England players during their last-16 World Cup match in Moscow. Kai Pfaffenbach / Reuters
Colombia coach Jose Pekerman was unhappy with the tactics of England players during their last-16 World Cup match in Moscow. Kai Pfaffenbach / Reuters
Colombia coach Jose Pekerman was unhappy with the tactics of England players during their last-16 World Cup match in Moscow. Kai Pfaffenbach / Reuters

Colombia's Jose Pekerman fuming at interruptions after World Cup loss to England


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Colombia's efforts to reach the World Cup quarter-finals for the second straight time were hampered by refereeing interruptions and constant calls from England's players for fouls in the South Americans' last 16 loss on penalties, said manager Jose Pekerman.

Colombia missed one penalty and saw another saved in the shoot-out to go down 4-3 after forcing the game to extra time courtesy of a last-gasp equaliser by Yerry Mina that saw them level the scores at 1-1.

But Pekerman said the England players were demanding fouls which in his opinion were not, complaining to American referee Mark Geiger and affecting the flow of Colombia's game.

"There were many situations, as expected, and everybody knew the match would be like this and I think we have to try to defend football," the Argentine said.

"We have to do something to protect football when certain situations arise. It is uncomfortable to play this match with such refereeing decisions.

"When there are so many fouls that just cannot happen. We have to find ways to avoid that."

_______________

Read more:

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Ian Oxborrow: Is England's Harry Kane the world's best penalty taker?

Ghosts laid to rest: A look back on England's past penalty shoot-outs

Southgate proud of 'calm' England players as Colombia defeated on penalties

In pictures: England joy after World Cup penalty shoot-out win over Colombia

World Cup 2018: Day 20 as it happened - Sweden and England through to quarter-finals

_______________

England went ahead with a 57th minute Harry Kane penalty after the forward was wrestled to the ground but Pekerman said England's players were constantly attempting to force decisions.

"A player fakes a foul, they are trying to get the referee to book another player," he said. "There is a lot of confusion with this type of play. All those situations are determining situations."

The game was bad-tempered and Geiger at times allowed players to get away with dissent. In total six Colombia players were booked to England's two.

"We saw a difficult match and this does not mean that England have not done well," Pekerman said, adding that his team had also failed to pose a greater threat in the area.

"It was very difficult to get into the match. There was a lot of rhythm and speed but as soon as the ball was in the box my players were not cool and composed. They were a bit afraid.

"We did not use our football to create more danger."

Colombia were also missing injured talisman James Rodriguez through injury.

"One of our key players was not present," Pekerman said. "In terms of creative football and finishing James is a decisive player. Unfortunately he was not in top shape."

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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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