It is a decade since Hull City propped up the Football League. It is five years since they were defeated at home by Mansfield Town. The most improbable rise in the recent history of English football was capped when Hull spent the international break in third place in the Premier League, sandwiched by the superpowers of Liverpool and Arsenal.
For a club who toiled for 104 years before securing top-flight football, it marks a remarkable change in fortune.
For the derided east coast city, which has been pronounced the worst in Britain, it is a novel experience to be fashionable.
Hull face West Ham today, looking for a hat-trick of successive victories against London opponents. With wins at Arsenal and Tottenham, the former perhaps the most unlikely result in the Premier League since Barnsley took three points off Liverpool at Anfield in Nov 1997, Hull have captured the imagination.
"It's scary, the rise we've had," said Andy Dawson, the long-serving left-back who has enjoyed three promotions in his five years at the KC Stadium.
"To get promotion after promotion is amazing. Now the first seven games have been surreal. Every tipster expected us to struggle, but we had a belief in ourselves that we could do well. To win at the Emirates Stadium must go down as one of the biggest wins in the club's history."
That is an understatement. Hull's 2-1 triumph was notable not just for the result, but for the positive approach of manager Phil Brown and his team.
"We went with two up front and Geovanni just behind them," Dawson explained.
If received wisdom is that promoted teams need to assemble a side of scrappers, defend doggedly and hope, the presence of the mercurial Geovanni in Hull's ranks is an indication that they have a more attacking attitude.
He conjured a superb equaliser from 25 yards at the Emirates Stadium. A magnificent free-kick at White Hart Lane, struck from still further, was equally memorable.
"That's what you need, a little bit of quality," Dawson said. "Geo can do that little bit extra special."
Strange as it is to see a footballer with Barcelona, Brazil and Hull on his CV, Geovanni's teammates have other unlikely tales to tell.
Along with goalkeeper Boaz Myhill and captain Ian Ashbee, Dawson is a member of a select band to have represented the club in all four divisions.
"We're very lucky," he added. "Managers have given us opportunities and we have taken them. We're showing we can do it."
Yet while ambition has been evident since Hull moved to the KC Stadium in 2002, Dawson points to factors behind their progress. "It's happened in stages," he said. "When I came to the club I remember walking around the KC with Peter Taylor. It was a Championship or a Premiership stadium."
Under Taylor's stewardship, Hull went up in successive seasons. Yet after replacing Phil Parkinson, Brown's first task was to avert relegation from the Championship.
Last season provided further statements of intent. Following the takeover by chairman Paul Duffen, the recruitment of the club's first £1million (Dh3.6m) player, Caleb Folan, followed by the eye-catching arrival of Jay-Jay Okocha, and promotion via the play-offs. "To do it at Wembley in front of 90,000 was amazing," Dawson said.
The sight of the gold-and-black hordes celebrating in the capital has become common. Hull now enjoy considerable vocal backing, suggesting a fanbase to sustain a Premier League club. "The support is there; we're taking thousands away from home," added the 29-year-old Dawson.
The sceptics still expect Hull's season to end in relegation. The romantics, however, are savouring their journey from obscurity.
rjolly@thenational.ae
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
MATCH INFO
Manchester United 1 (Rashford 36')
Liverpool 1 (Lallana 84')
Man of the match: Marcus Rashford (Manchester United)
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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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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
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The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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