Accelerate and jockey Victor Espinoza after wining at Del Mar. AP Photo
Accelerate and jockey Victor Espinoza after wining at Del Mar. AP Photo
Accelerate and jockey Victor Espinoza after wining at Del Mar. AP Photo
Accelerate and jockey Victor Espinoza after wining at Del Mar. AP Photo

Dubai World Cup winner Arrogate 'just wasn't trying' in big defeat to Accelerate at Del Mar


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Arrogate's winning run

1. Maiden Special Weight, Santa Anita Park, June 5, 2016

2. Allowance Optional Claiming, Santa Anita Park, June 24, 2016

3. Allowance Optional Claiming, Del Mar, August 4, 2016

4. Travers Stakes, Saratoga, August 27, 2016

5. Breeders' Cup Classic, Santa Anita Park, November 5, 2016

6. Pegasus World Cup, Gulfstream Park, January 28, 2017

7. Dubai World Cup, Meydan Racecourse, March 25, 2017

Mike Smith tried everything he could with Arrogate. He moved the colt to the outside, but he did not pick up the pace. Smith dropped him down near the rail before wheeling him outside once more.

Nothing worked.

"He just wasn't trying," the Hall of Fame jockey said.

Accelerate stunned overwhelming favourite Arrogate to win the US$300,000 (Dh1.1 million) San Diego Handicap by eight-and-a-half lengths on Saturday at Del Mar, snapping the seven-race winning streak of the world's top-ranked horse.

Arrogate finished fourth, beaten by 15 one-fourth lengths in the four-year-old colt's first race since March 25 in Dubai.

"I'm at a loss for words," Smith said. "He was just flat, so flat."

His trainer, Bob Baffert, was blunter, saying Arrogate "laid an egg".

It was not the first time Accelerate got the best of Arrogate. Last year at Los Alamitos, Accelerate beat Arrogate by a neck in the colt's career debut in a race won by another horse. It was Arrogate's lone loss until Saturday.

"I thought he'd run better than that," Baffert said, "but he just didn't want to go."

Also read:

Geoffrey Riddle: Arrogate unlikely to run again until August

Dubai World Cup in 2017: As it happened

Accelerate lived up to his name, leading all the way.

"He got in a nice rhythm. He was going easy," said Victor Espinoza, aboard for the first time. "I was surprised by how far I won. I wasn't surprised that I did; I was here to win."

Arrogate's winning streak included the $6m Breeders' Cup Classic last year, the $12m Pegasus World Cup and the $10m Dubai World Cup. He earned $18,000, boosting his career total to $17,102,600, a North American record.

It was not the first time Baffert had led a world-beater to the track only to watch him lose.

That is what happened in 2015, when American Pharoah was stunned by Keen Ice in the Travers barely two months after becoming horse racing's first Triple Crown winner in 37 years.

"That's why my hair is white," Baffert quipped after the race.

Under the race's handicap conditions, Arrogate carried high weight of 126 pounds, spotting Accelerate nine pounds. But Baffert said the weight difference had nothing to do with the result.

The race as it unfolded

Heading to the rail beforehand, Accelerate's trainer, John Sadler, said he thought the race would be closer than people thought.

"You want to win, you don't want to concede anything, but I'm surprised we won because Arrogate is the best horse in the world," Sadler said. "A couple of things went right for us and one of them was that Arrogate didn't fire his best. That's what has to happen for these big upsets."

With Accelerate setting the pace, Smith had Arrogate last through the opening kilometre or so before they began making their move into the far turn. But Arrogate's rally was brief while Accelerate cruised to the finish line in front of a shocked crowd at the seaside oval north of San Diego.

Arrogate will have a chance to turn the tables in the $1m Pacific Classic on August 19, when the two colts are expected to meet again.

"We've got to go back and start over again," Smith said. "Get it back right."

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Replacements 16 Jamie George, 17 Alec Hepburn, 18 Harry Williams, 19 George Kruis, 20 Sam Underhill, 21 Danny Care, 22 Jonathan Joseph, 23 Jack Nowell

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1.45pm: Maiden Dh75,000 1,200m.

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3.15pm: Eqtiraan - Bochart

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4.15pm: Arroway – Arch Gold

4.35pm: Compliance - Muqaatil

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1. Valtteri Bottas (FIN/Mercedes) 1hr 21min 48.527sec
2. Sebastian Vettel (GER/Ferrari) at 0.658sec
3. Daniel Ricciardo (AUS/Red Bull) 6.012 
4. Lewis Hamilton (GBR/Mercedes) 7.430
5. Kimi Räikkönen (FIN/Ferrari) 20.370
6. Romain Grosjean (FRA/Haas) 1:13.160
7. Sergio Pérez (MEX/Force India) 1 lap
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11. Jolyon Palmer (GBR/Renault) 1 lap
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13. Nico Hülkenberg (GER/Renault) 1 lap
14. Pascal Wehrlein (GER/Sauber) 1 lap
15. Marcus Ericsson (SWE/Sauber) 2 laps
16. Daniil Kvyat (RUS/Toro Rosso) 3 laps

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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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.”

UAE currency: the story behind the money in your pockets
Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
  • Artists and researchers fall under a programme called Pause that began in 2017
  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
  • Unlike students, they are allowed to bring their families to France
Arrogate's winning run

1. Maiden Special Weight, Santa Anita Park, June 5, 2016

2. Allowance Optional Claiming, Santa Anita Park, June 24, 2016

3. Allowance Optional Claiming, Del Mar, August 4, 2016

4. Travers Stakes, Saratoga, August 27, 2016

5. Breeders' Cup Classic, Santa Anita Park, November 5, 2016

6. Pegasus World Cup, Gulfstream Park, January 28, 2017

7. Dubai World Cup, Meydan Racecourse, March 25, 2017