Lyon defender Christophe Jallet has his sights set on a Champions League return despite the club's harrowing experience in this season's competition.
The Ligue 1 side took just one point from their opening five group games this term before gaining a consolation victory over Gary Neville's Valencia.
Manager Hubert Fournier paid the price for a poor first half of the season when he was sacked on Christmas Eve, but Lyon have improved considerably since under Bruno Genesio.
And with distance still left to run in the battle for the top three places, Lyon are optimistic they can climb from their current station in fourth.
They will aim to benefit should champions Paris Saint-Germain topple third-placed Nice in the capital on Saturday afternoon.
In that circumstance, even a draw for Lyon against Lorient on Sunday evening should be enough to lift them into third place, but the objective will be all three points against a team mired in lower mid-table.
It came as a blow when PSG lost to AS Monaco before the international break, with the principality side going five points clear in second place as a result after that round of games.
“Monaco took their chance,” said Jallet.
“It would have been great for us had PSG won. We would have gone to within three points of Monaco.”
The France international said on Lyon’s website: “There are seven matches left, and we’re into it tooth and nail. We’ve come a long way already but we still have six points to make up. We really want to get back into the Champions League. We have a lot more experience now than we did last season.”
Second place would take Lyon into the group stages, and third would mean Champions League preliminaries.
But better that and games in mid-summer than a Europa League mission.
Jallet said: “I’d prefer to finish third than fourth, even if it curtails your pre-season, which can be tough. But it’s the Champions League and it would bespeak a lack of ambition on our part if we thought it was too hard. Our objective remains to finish in second place.”
While Monaco faced Bordeaux on Friday night, Nice were heading north to tackle Laurent Blanc’s Parisians, the pre-eminent side in French football.
Rennes, Caen, Saint-Etienne and Nantes may also hold distant dreams of breaking into the top three come the end of the campaign, but each must finish the season strongly to stake a claim.
Saturday sees Rennes have home advantage against Reims, Caen face Toulouse, and Saint-Etienne travel to face Gazelec Ajaccio. On Sunday, Nantes play Lille.
Troyes, at the foot of the table with just two wins in 31 games, will be relegated on Saturday night if they lose at home to mid-table Angers.
Guingamp and Montpellier could be dragged into the relegation picture, so their Saturday showdown is one that comes with high stakes, while Bastia and Marseille lurk just marginally better off in mid-table ahead of their clash in Corsica on Sunday.
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Tuesday's fixtures
Kyrgyzstan v Qatar, 5.45pm
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
Company%C2%A0profile
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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.”
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
SPECS
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Donating your hair
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RACE CARD
6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m
7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m
7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m
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10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m
'Gold'
Director:Anthony Hayes
Stars:Zaf Efron, Anthony Hayes
Rating:3/5
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome