Liverpool's Jordan Henderson shown during their Premier League match against Leicester City on Boxing Day. Craig Brough / Action Images / Reuters / December 26, 2015
Liverpool's Jordan Henderson shown during their Premier League match against Leicester City on Boxing Day. Craig Brough / Action Images / Reuters / December 26, 2015

Liverpool ‘need to play more clever football’ believes Jordan Henderson



Liverpool's clever play led to a crucial win over high-flying Leicester City on Boxing Day, and Jordan Henderson believes they need more of the same to make a concerted rise up the table.

The team’s win over then-leaders Leicester was their first in five attempts in all competitions and followed a shock 3-0 defeat at promoted Watford.

Henderson admitted Liverpool needed their creative juices flowing to see off Leicester, and he is expecting to have to do much the same at Sunderland for another three points.

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He said: “We need to be more clever. With the conditions at Watford and the wind, we tried to over-play at times and that sort of killed us.

“We need to play more clever football, which is what we did against Leicester by playing in behind their defence more, and that gave us a platform.

“We will have to be clever again at Sunderland because it will be a difficult game for us, so we need to make sure we do the same as we did against Leicester.

“We need to find different solutions in games and make sure we win the battle.”

The Boxing Day victory was secured by striker Christian Benteke’s first league goal since October after he came off the bench to replace the injured Divock Origi.

With Daniel Sturridge, like Origi, recovering from a hamstring problem, the Belgium international could get the nod this time around, and Henderson is hoping the end of his drought will provide a welcome boost.

He said: “All strikers want to be scoring goals and I am sure that one will give him confidence.”

Liverpool captain Henderson, 25, is a Sunderland native and also believes the beleaguered club can survive the Premier League drop.

Henderson came through the ranks at Sunderland before earning a £16 million (Dh87m) switch to Anfield in June 2011, but he will have only one aim in mind this week – piling on the misery on his return to the Stadium of Light.

Asked about Sunderland manager Sam Allardyce, he said: “He’s a good enough manager to keep them up, but the only thing that will be on my mind will be to get the three points.”

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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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Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
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Investment raised: $4 million 
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Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

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yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

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