Corey Pavin picked four assistants to help him with the US team at the Ryder Cup.
Corey Pavin picked four assistants to help him with the US team at the Ryder Cup.

Golf

Pavin emphasises value of assistants

The American Ryder Cup captain jokes that Colin Montgomerie must be more clever than he because Montgomerie needs only three vice captains.

CARNOUSTIE, SCOTLAND // Corey Pavin, the American Ryder Cup captain, joked yesterday that Colin Montgomerie must be more clever than he because Montgomerie needs only three vice captains. Pavin described Darren Clarke, Paul McGinley and Thomas Bjorn as "great picks" by his opposite number and said: "Colin must be quite a bit smarter to only have three."

The 2006 captain Tom Lehman, will join Davis Love III, Jeff Sluman and Paul Goydos in assisting Pavin. "Each of us are going to do what we think is best," added Pavin, a former US Open champion, in Carnoustie this week for the Senior British Open. "I picked four because I wanted to have an assistant captain walking with each group in the four matches the first two days and to keep an eye on things. "That's just my choice and obviously Colin felt three was enough. "I had my reasons for picking my assistants and I'm sure Colin has his. I think they are excellent, excellent people to have out there helping. "I think it depends on the captain and what he's asking - I'll be asking a lot of advice. "During the week it's very important, I think, for the assistants to take a load off of me. "My main focus is to make sure everything is prepared for the players and they have nothing to worry about but play golf and focus on trying to win some matches. "But you can't manage everything. There's too many things to manage as a captain and that's why I chose my assistants. "I knew they were very capable of doing anything that I asked them to do, and doing things that I don't ask them to do that they see need to be done." It was pointed out to Pavin that Europe has nine players in the world top 20 and the United States only six, but he said: "I think we have four of the top five. If you played it on paper it would be interesting, but we don't and it doesn't seem to matter where the rankings are; the matches are always close and competitive."

* PA

Points through July 18 Pos Player Points 1 P Mickelson 5,768.749 2 S Stricker 3,402.676 3 J Furyk 3,280.085 4 A Kim 3,238.309 5 L Glover 2,980.874 6 D Johnson 2,936.138 7 T Woods 2,773.305 8 M Kuchar 2,725.209 9 J Overton 2,629.848 10 R Barnes 2,579.301 * The United States team will consist of the top eight players on the Ryder Cup Points List and four captain's picks

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Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

GROUPS AND FIXTURES

Group A
UAE, Italy, Japan, Spain

Group B
Egypt, Iran, Mexico, Russia

Tuesday
4.15pm: Italy v Japan
5.30pm: Spain v UAE
6.45pm: Egypt v Russia
8pm: Iran v Mexico

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

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WWE World Heavyweight Championship AJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Chris Jericho

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v tba

 

Most wanted allegations
  • Benjamin Macann, 32: involvement in cocaine smuggling gang.
  • Jack Mayle, 30: sold drugs from a phone line called the Flavour Quest.
  • Callum Halpin, 27: over the 2018 murder of a rival drug dealer. 
  • Asim Naveed, 29: accused of being the leader of a gang that imported cocaine.
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  • John James Jones, 31: allegedly stabbed two people causing serious injuries.
  • Callum Michael Allan, 23: alleged drug dealing and assaulting an emergency worker.
  • Dean Garforth, 29: part of a crime gang that sold drugs and guns.
  • Joshua Dillon Hendry, 30: accused of trafficking heroin and crack cocain. 
  • Mark Francis Roberts, 28: grievous bodily harm after a bungled attempt to steal a £60,000 watch.
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RESULTS
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Mohammed bin Zayed Majlis
Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
Mohammed bin Zayed Majlis

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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