Jurgen Klopp took Loverpiil to two cup finals last season, losing both. Julian Finney / Getty Images
Jurgen Klopp took Loverpiil to two cup finals last season, losing both. Julian Finney / Getty Images

League Cup semi-final: Jurgen Klopp needs Liverpool silverware to shed nearly man tag



When the votes were tallied up for Fifa’s Coach of the Year award for 2016, Jurgen Klopp came seventh.

Not bad considering Liverpool had only finished eighth in the Premier League, but it was more of a reflection of reaching two cup finals and their stellar start to this season. At this embryonic stage, it is safe to say Klopp is not one of the front-runners for the 2017 award.

Liverpool have won only once in this calendar year, and even that was against League Two side Plymouth Argyle in the FA Cup, and only after a replay.

They have lost as often in three weeks as they did in the first half of the season. Their title challenge is in effect over, according to their newest academy coach and, perhaps more significantly, their legendary captain Steven Gerrard.

They could exit a second competition in five days on Wednesday. Yet it is hard to imagine Klopp, who invariably projects positivity, coming up with such a downbeat assessment. Because there is also a chance to reach a third final out of four during his reign and to set up what would almost certainly prove a date at Wembley Stadium with Manchester United next month.

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Read more

■ Andy Mitten: Love him or not Wayne Rooney is a Man United hero

■ Richard Jolly: Costa, like Drogba, can leave Chelsea in blaze of glory

■ Team of the week: Who makes Richard Jolly's best Premier League XI?

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Liverpool host Southampton with a one-goal deficit and having failed to score in both meetings with Claude Puel’s team this season.

Yet Southampton could go to Anfield without what was until recently their premier central-defensive partnership. Jose Fonte has been sold and Virgil van Dijk is a doubt with an ankle injury.

In contrast, Liverpool should finally welcome back their finest defender to their starting 11. Fifa belatedly ruled that Joel Matip, who retired from international duty in 2015, should not be ineligible during the ongoing Africa Cup of Nations (Afcon). He made a late cameo in Saturday’s defeat to Swansea City, but as an emergency striker.

Liverpool have spent much of this year depleted. “With the injuries we had, it was difficult to come through a very intense period,” Klopp said.

Now they have solitary absentee, a man who links these two clubs. The evidence is mounting that Sadio Mane is irreplaceable; Liverpool have only scored four goals in five games since he left to represent Senegal at the Afcon. With no natural deputy on the right, someone else has to play out of position.

Liverpool have not been as fast or as fluent in his absence. They were surprisingly stodgy at St Mary’s two weeks ago, when the 1-0 scoreline flattered them in the first leg. Besides avoiding a heavier defeat, the sole bright spot was Philippe Coutinho’s half-hour appearance. Now nearer full fitness, a man who scores a disproportionate amount of his goals in big games assumes an added importance.

The Brazilian seems set to be offered a new contract. Barcelona and Paris Saint-Germain are reportedly interested. Klopp’s Liverpool exude both unity and a sense of a brighter future. It is an impression that would be dented were the jewel in their crown plucked.

The departures of Fernando Torres, Luis Suarez and Raheem Sterling proved profitable as Liverpool have brought in the most money of any European club since 2010 in sales, but they scarcely suggested they remain a destination club. They have that statistical distinction but a solitary trophy in a decade. It is one reason why the League Cup matters. So, too, is Klopp’s recent record.

He has been the much-admired nearly man, taking Liverpool and Borussia Dortmund to the brink of success time and again since he won his second Bundesliga title in 2012. The journey tends to be fun, obscuring the reality that the destination is not always the desired one.

For 2017 to be better than 2016, for Klopp to secure more votes this year than last, Liverpool require the sort of statement silverware offers.

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Company%20Profile
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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

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BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

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.”

If you go

The flights

Fly direct to London from the UAE with Etihad, Emirates, British Airways or Virgin Atlantic from about Dh2,500 return including taxes. 

The hotel

Rooms at the convenient and art-conscious Andaz London Liverpool Street cost from £167 (Dh800) per night including taxes.

The tour

The Shoreditch Street Art Tour costs from £15 (Dh73) per person for approximately three hours. 

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

CONFIRMED%20LINE-UP
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The Sky Is Pink

Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

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TCL INFO

Teams:
Punjabi Legends 
Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.


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