Israel Dagg, the Otago full-back, kicked 24 points to help the Highlanders to a 39-29 victory over the Golden Lions in their Super 14 match in Dunedin yesterday.
The South African side were heavily penalised by the Australian referee Stuart Dickinson, who also awarded a penalty try to the home team. Dagg slotted six penalties and three conversions.
The Lions, who have yet to win a match in their seven Super 14 games this season, secured a bonus point after scoring five tries but threw the game away by conceding too many kickable penalties.
"The boys showed a lot of courage and ticker when they were down in that first 20 minutes," the Highlanders captain, Jimmy Cowan, said. "It's a shame we couldn't finish it off with a bonus [point] try, but we'll take the win and hopefully kick on."
"Our discipline cost us, giving away stupid penalties and I thought their goal kicker kicked well and kept them in the game," said the Lions' captain, Cobus Grobbelaar.
In yesterday's other game, the fly-half Matt Toomua scored his first try in Super 14 rugby three minutes from the end as the CA Brumbies beat the Waikato Chiefs 30-23.
"Coming off a loss and going into a bye week this turned out to be a really important game for us," Brumbies captain Stephen Hoiles said. "We worked hard for that last try, even though we got a bit of luck out of it. It was a quality performance."
"We played a lot of the game in our own 22 and the pressure told when they scored off our own scrum which was pretty disappointing," the Chiefs captain, Mils Muliaina said. "I thought our set piece was a lot better tonight but our energy and enthusiasm were a bit lacking."
Meanwhile, Phil Waugh, the New South Wales Waratahs captain, has told his team to raise their game if they are to beat the Auckland Blues today. The Waratahs go into the game after three consecutive wins against struggling teams, including last weekend's 14-10 win over the Western Force - who face leaders Pretoria Bulls today.
"We'll be tested this Saturday night more so than we have been over the last few weeks," Waugh said. "To be fair it [our defence] probably hasn't been tested a huge amount in the last couple of weeks, but it'll be a different challenge in terms of the Blues' ability to attack and the number of ball carriers they've got who can bend the line and break the line.
"So it's going to be a big test compared with what we've had over the last couple of weeks."
In England, there are four games in the Guinness Premiership. The leaders, Leicester visit Worcester while Northampton, who are two points behind, host Wasps.
Jim Mallinder, the Saints' director of rugby, said his team are focused on overhauling Leicester at the top of the table after last weekend's win in the LV= Cup final.
"The LV= Cup was a good competition for us but our attention is now firmly on the Guinness Premiership," said Mallinder.
Hurricanes v Sharks, 10.35am, Showsports 3
Waratahs v Blues, 12.40pm, Showsports 3
Northampton v Wasps, 9.30pm, Showsports 4
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Ibrahim's play list
Completed an electrical diploma at the Adnoc Technical Institute
Works as a public relations officer with Adnoc
Apart from the piano, he plays the accordion, oud and guitar
His favourite composer is Johann Sebastian Bach
Also enjoys listening to Mozart
Likes all genres of music including Arabic music and jazz
Enjoys rock groups Scorpions and Metallica
Other musicians he likes are Syrian-American pianist Malek Jandali and Lebanese oud player Rabih Abou Khalil
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.”
MATCH INFO
Serie A
Juventus v Fiorentina, Saturday, 8pm (UAE)
Match is on BeIN Sports
Mountain%20Boy
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The biog
Favourite pet: cats. She has two: Eva and Bito
Favourite city: Cape Town, South Africa
Hobby: Running. "I like to think I’m artsy but I’m not".
Favourite move: Romantic comedies, specifically Return to me. "I cry every time".
Favourite spot in Abu Dhabi: Saadiyat beach
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MATCH INFO
Barcelona 5 (Lenglet 2', Vidal 29', Messi 34', 75', Suarez 77')
Valladolid 1 (Kiko 15')