PEBBLE BEACH, California // If Ryo Ishikawa needed reassurance about his emerging golf career, he got it from none other than eight-time major winner Tom Watson. After playing together in the second round on Friday, the two stood in the scorer's trailer after coming off the 18th green at Pebble Beach and shared some friendly words.
Watson reached out for a handshake and wished the 18-year-old Japanese star well. "Tom said to me that I will have a good future," Ishikawa said. The stylish Ishikawa, who tends to wear bright clothes and a cheery expression, found himself among the leaders halfway through his US Open debut. Ishikawa followed his one-under opening round by shooting an even-par 71 on Friday for an impressive two-day score of 141. He was in a four-way tie for second with Phil Mickelson, Ernie Els and Dustin Johnson, two shots behind Graeme McDowell of Northern Ireland.
Ishikawa hoped to ride that momentum right into a strong weekend. He has adjusted his shots for a tough course along the Pacific Coast that he said is nothing like the ocean-side links he plays back home. Ishikawa wore all pink on Thursday - a pink zip-up sweater, pink slacks and pink shoes. On Friday, he toned it down a tad with a cherry-red zip-up sweater and off-white pants. He is making the right kind of splash at Pebble, where even some of the best golfers in this bunch are splattering balls into the ocean or hitting off cliffs into the rocks or beach below. Davis Love III did it on the 18th tee on Friday, playing in the group ahead of Ishikawa.
Ishikawa birdied the par-three, 208-yard 17th that has been creating all kinds of problems for others in the field so far. "I like it. I like 17," Ishikawa said with a smile speaking perfect English, though he did receive help from Jumpei Kaneko, an interpreter, for other responses. "I hit a four-iron today and I couldn't see where the ball landed after the first bounce. It was just a lucky bounce. The putting was very straight. Straight, right in, so yesterday and today I was very lucky."
His game consists of much more than luck. Ishikawa turned pro in 2007 and has won seven titles on the Japan Tour. At The Crowns event last month in Togo, Japan, he shot a 12-under 58 for the lowest score ever on a major tour. He made 12 birdies in a bogey-free round on the 6,545-yard Nagoya Golf Club course. Ishikawa surprised even himself with that one. Now, everybody else is catching on to his potential. A newcomer no more.
"Ryo played fantastically," said Rory McIlroy, also in Ishikawa's threesome. "He made a lot of putts. If he can keep his short game the way it is, I can definitely see him competing this weekend." Ishikawa attracts the same kind of Japanese media crowd that follows famous baseball players such as Daisuke Matsuzaka or Hideki Matsui, but he handles the attention with the poise of someone well beyond his years.
Does he feel pressure on his sport's big stage? His motto is more about pushing himself to be the best he can be, rather than creating huge expectations this early in his career - or letting outside distractions derail his goals. "I don't know if it's the right word, but my feeling is go for it," Ishikawa said. "So, challenging is something to me, and especially in the tournaments outside Japan, it doesn't mean anything if I don't challenge things."
After struggling with his short game during the AT&T Pebble Beach National Pro-Am here in February, Ishikawa went back to Japan and vowed to be better on Pebble's unforgiving greens when he returned. "And this week I'm doing great on putting," he said. Before he departed on Friday, Ishikawa quickly signed a ball and handed it to Watson's son and caddie, Michael. "I really appreciate it," Michael Watson said, reaching out his hand. "Keep up the good play."
It's hard not to like Ishikawa. He's fresh, real. Ishikawa said he hears and appreciates all the Japanese fans in the gallery and their cheers of "gambatte!" ? which translates as "Go for it!" or "Try your best!" "He's extraordinary," Ernie Els said. "He played in the Presidents Cup last year, and I really got to know him well there. He's a great kid. It's amazing that he's only 18. "He's already shot 58 this year. Just think about it, shooting 58 in the Tour over there in Japan at 18, it's phenomenal. He's a really good player, great kid. There's a lot of youngsters coming through. I think what Tiger has done, a lot of these kids want to do what he's done, so they come out early and they're aggressive and they're confident."
Ishikawa's plan: keep it up for another two days. "I hope I can play more aggressive tomorrow and the next two days," he said. "I hope I can focus on my golf, just on my golf."
* AP
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UAE currency: the story behind the money in your pockets
The%20specs
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Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
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Scoreline
Al Wasl 1 (Caio Canedo 90 1')
Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')
Red cards: Ismail Ahmed (Al Ain) 77'
Stamp%20duty%20timeline
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At a glance
- 20,000 new jobs for Emiratis over three years
- Dh300 million set aside to train 18,000 jobseekers in new skills
- Managerial jobs in government restricted to Emiratis
- Emiratis to get priority for 160 types of job in private sector
- Portion of VAT revenues will fund more graduate programmes
- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government
Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
Results
4pm: Maiden; Dh165,000 (Dirt); 1,400m
Winner: Solar Shower; William Lee (jockey); Helal Al Alawi (trainer)
4.35pm: Handicap; Dh165,000 (D); 2,000m
Winner: Thaaqib; Antonio Fresu; Erwan Charpy.
5.10pm: Maiden; Dh165,000 (Turf); 1,800m
Winner: Bila Shak; Adrie de Vries; Fawzi Nass
5.45pm: Handicap; Dh175,000 (D); 1,200m
Winner: Beachcomber Bay; Richard Mullen; Satish Seemar
6.20pm: Handicap; Dh205,000 (T); 1,800m
Winner: Muzdawaj; Jim Crowley; Musabah Al Muhairi
6.55pm: Handicap; Dh185,000 (D); 1,600m
Winner: Mazeed; Tadhg O’Shea; Satish Seemar
7.30pm: Handicap; Dh205,000 (T); 1,200m
Winner: Riflescope; Tadhg O’Shea; Satish Seemar.
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
CONFIRMED%20LINE-UP
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The specs: 2019 Haval H6
Price, base: Dh69,900
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
Fuel economy, combined: 7.0L / 100km
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
Rankings
ATP: 1. Novak Djokovic (SRB) 10,955 pts; 2. Rafael Nadal (ESP) 8,320; 3. Alexander Zverev (GER) 6,475 ( 1); 5. Juan Martin Del Potro (ARG) 5,060 ( 1); 6. Kevin Anderson (RSA) 4,845 ( 1); 6. Roger Federer (SUI) 4,600 (-3); 7. Kei Nishikori (JPN) 4,110 ( 2); 8. Dominic Thiem (AUT) 3,960; 9. John Isner (USA) 3,155 ( 1); 10. Marin Cilic (CRO) 3,140 (-3)
WTA: 1. Naomi Osaka (JPN) 7,030 pts ( 3); 2. Petra Kvitova (CZE) 6,290 ( 4); 3. Simona Halep (ROM) 5,582 (-2); 4. Sloane Stephens (USA) 5,307 ( 1); 5. Karolina Pliskova (CZE) 5,100 ( 3); 6. Angelique Kerber (GER) 4,965 (-4); 7. Elina Svitolina (UKR) 4,940; 8. Kiki Bertens (NED) 4,430 ( 1); 9. Caroline Wozniacki (DEN) 3,566 (-6); 10. Aryna Sabalenka (BLR) 3,485 ( 1)
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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SPECS
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Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
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.”
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
UAE currency: the story behind the money in your pockets