Guus Hiddink, second from left, is determined for Chelsea to end the Premier League season winning the last few games. Steve Bardens / Getty Images
Guus Hiddink, second from left, is determined for Chelsea to end the Premier League season winning the last few games. Steve Bardens / Getty Images
Guus Hiddink, second from left, is determined for Chelsea to end the Premier League season winning the last few games. Steve Bardens / Getty Images
Guus Hiddink, second from left, is determined for Chelsea to end the Premier League season winning the last few games. Steve Bardens / Getty Images

Hiddink’s Chelsea to go all-out to stop Tottenham Hotspur’s Premier League title bid


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Guus Hiddink has assured Chelsea fans the Blues will do everything in their power to beat Premier League title-chasers Tottenham Hotspur at Stamford Bridge.

Chelsea’s fans chanted, “We better beat Tottenham” as Hiddink’s side overwhelmed Bournemouth 4-1 at Dean Court on Saturday.

Chelsea will surrender their league title to either Tottenham or Leicester City in the coming weeks, and the club’s supporters are desperate for rivals Spurs not to claim the crown.

Cesc Fabregas conjured two goals for fit-again Eden Hazard and laid on strikes for Pedro and Willian too in a virtuoso display, leaving interim boss Hiddink mightily impressed – and pledging Chelsea will not let their fans down against Spurs.

“I didn’t hear what the fans were singing because I was so focused on the game,” said Hiddink, with Chelsea hosting Spurs at Stamford Bridge on May 2.

“But we play the next game to win. And the next game is Tottenham.

“At the end the strongest team will win the league.

“And the strongest team is who deserves the league as well.

“Of course we desperately wanted to win this game here today.

“We’ve got nothing at stake really and we talked about that in the week.

“But we don’t want as Chelsea that the season fades away, that’s what we don’t want. And the players responded very well.

“It was not a summer evening game, it was an intense game, and that’s what it’s all about.

“Then of course we go into the next few games where nothing effectively is at stake for us either.

“But if you play the way we played today then it’s a guarantee that the team will do everything in our power to go for the win.

“In terms of attitude they will do everything until the end of the season, and of course you know our schedule and the next game is Tottenham.”

Fabregas’ stellar performance masked Chelsea’s defensive frailties caused by Gary Cahill’s illness.

With John Terry still battling Achilles trouble and Kurt Zouma out for the long term with knee problems, Hiddink chose to deploy midfielder John Obi Mikel at centre-back instead of recognised defender Matthew Miazga.

Mikel and Branislav Ivanovic were shaky in the extreme in a first half as Bournemouth wasted a hatful of chances.

Hiddink preferred to focus on Fabregas’ match-winning showing and also hailed Belgium forward Hazard on his return from hip and groin trouble.

“Cesc was enjoying it very much and he’s one of the few players who has this vision, very fast,” Hiddink said. “He knows when he’s on the ball he can execute what he’s thinking and creating. There’s not many players who can do that.

“And we know when, we practise that, we know when he’s on the ball that we have running players to get his very, very fast vision play effective.

“And that’s important.

“There were some decent games, but this is one of Cesc’s best.

“We worked with Eden Hazard the last 10 days with the group and he enjoyed the game. We thought he would get 45 minutes, but he was enjoying it so much he could complete the game.

“That’s a good sign of the spirit of the team.”

Bournemouth missed the chance to secure mathematical Premier League safety, but the Cherries are surely already out of the dogfight with 41 points.

Boss Eddie Howe admitted his players are still learning “harsh lessons” about top-flight life after creating but squandering a host of first-half chances.

“I thought it was a really even game, especially in the first half where I thought we were terrific,” said Howe.

“The difference between the teams was how they finished their goals.

“We created enough chances in the first half, but didn’t have that clinical edge that they did.

“I thought a number of their players were very good, their attitude was spot-on and that’s why it ended up being a high-quality game.

“Fabregas, Hazard, Willian, [Diego] Costa, they all played well.

“We went near enough up against their best side and did cause them problems. You have to admire their quality.

“The beauty of our run-in is it’s so tough on paper, it’s turning into that in reality and we’re learning all the time.

“We’re learning some harsh lessons and they will help us come out of it a better team.”

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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.”