Pat Dobbs rides Ashton Tourettes to victory in the Group 3 Al Ruwais in Abu Dhabi on Monday, January 24, 2022. DHRIC
Pat Dobbs rides Ashton Tourettes to victory in the Group 3 Al Ruwais in Abu Dhabi on Monday, January 24, 2022. DHRIC
Pat Dobbs rides Ashton Tourettes to victory in the Group 3 Al Ruwais in Abu Dhabi on Monday, January 24, 2022. DHRIC
Pat Dobbs rides Ashton Tourettes to victory in the Group 3 Al Ruwais in Abu Dhabi on Monday, January 24, 2022. DHRIC

Ashton Tourettes stuns Group 3 field for biggest career prize in Abu Dhabi


Amith Passela
  • English
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Ashton Tourettes stunned the Group 3 Al Ruwais field for the biggest prize of his career at Abu Dhabi’s seven-race card on Monday.

The seven year old son of No Risk Al Maury, under Pat Dobbs, made steady progress from the middle of the field to finish the best among 11 runners and clinch the 1,200-metre sprint from Hazeem Al Raed and AF Alajaj by one-and-a-quarter lengths and a neck respectively.

“He’s a beautiful mover and nice horse,” Dobbs, who was riding the horse for the first time, said.

“He’s won over the track and trip [last year]. He lost his way a bit early in the race but finished very strongly. Nice spare ride for me tonight.”

Bernardo Pinheiro, on Majed Al Jahouri’s Rawaa, set a strong early pace followed by the Omani raider Arif. The chasing trio had a bit of catching up to do, which they eventually did close to home.

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

“This is his sixth start for the season and won twice before tonight’s success,” Ashton Tourettes' handler Ibrahim Aseel said.

“This was a big step up and he did well. To be honest, he has shown a lot of ability in his recent starts and we expected him to run a big race but he surprised us with the win.”

Richard Mullen on Mujeeb came from almost the back of the field to collar Soko with Olivier Peslier in the saddle close to the winning line to take the President’s Cup Prep run over the 2,200m distance.

“I really saw a classy individual,” Mullen said of the five-year-old son of Dahess on his half-a-length win over the Group 1 winner in France.

“I don’t ride him at home and I want to thank all those riders who do all that hard work for this result tonight. He missed the break but he finished like a really good horse.

“He’s a proper horse. We are still learning about him as he didn’t have many options at the start of the season. He ran over the course and distance on his reappearance to finish third before unplaced over mile.

“He’s a good Arab horse with gears. There’s not many Arabians who would quicken like he did. He’s mentally tough and he certainly looks one that can take us to the next level.”

Mullen completed a double on the night by picking up the concluding prize for the thoroughbreds atop Nibraas for his main Jebel Ali Stables’ trainer Nicholas Bachalard.

Tadhg O’Shea rode a double on Ernst Oertel’s AF Rasam and AF Mukhrej, both in the silks of his main patron Khalid Khalifa Al Naboodah, and took him them two clear of Ajban Stables in the UAE owner’s championship.

The nine-time UAE champion jockey was denied of a treble when Antonio Fresu on Jawal Al Reef edged out Hameem in a photo finish.

Qaiss Aboud celebrated his first winner of the season when Pinheiro on MM Al Balqaa made all to win the opener.

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.”

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

Updated: January 24, 2022, 4:16 PM