Jockey Glen Boss guides Colette to victory in the Australian Oaks at Royal Randwick Racecourse in Sydney, Australia, on April 11. Getty
Jockey Glen Boss guides Colette to victory in the Australian Oaks at Royal Randwick Racecourse in Sydney, Australia, on April 11. Getty
Jockey Glen Boss guides Colette to victory in the Australian Oaks at Royal Randwick Racecourse in Sydney, Australia, on April 11. Getty
Jockey Glen Boss guides Colette to victory in the Australian Oaks at Royal Randwick Racecourse in Sydney, Australia, on April 11. Getty

Trainer sees 'wonderful' future ahead for Godolphin filly Colette after second Australia win


Amith Passela
  • English
  • Arabic

James Cummings foresees “a wonderful future” ahead for Godolphin’s Australian Oaks winner Colette after she romped to an emphatic victory at Randwick on Saturday.

Returning to the Sydney track seven days after claiming the Group 3 Adrian Knox Stakes, the Halloween Crown filly triumphed again over the same two rivals, Toffee Tongue and Quintessa, in the 14-runner field to take the in the A$500,000 (Dh1.16 million) Group 1 race.

It gave the Royal Blues their third Group 1 prize worldwide and takes their 2020 tally to 171 winners in a year in which horse racing - including last month's Dubai World Cup at Meydan - has been cancelled or severely curtailed due to the coronavirus pandemic.

“She’s got a wonderful future, she’s a really great example of coming through our system,” Cummings told the Godolphin website.

“She extended her campaign beautifully for what has been an excellent plan to come to fruition, to perform like that and to start favourite on the day against some well-performed horses.

“She’s now stormed away with an Oaks win; it’s an amazing highlight for her.”

Glen Boss in the saddle drove Colette from the outside to take the lead at the 300-metre mark over the extended 2,400m distance she was tackling for the first time.

“He’s delivered a beautiful ride on her, quickly understood that she is a sweet filly, he just needed to have her in a position where he could steer her into the clear and she stayed on too strongly,” Cummings said of Boss.

Boss, who was riding Colette for the first time, said: “She's not big but she doesn't ride like a little horse.

“She's got a big action and she was able to put herself in the right spot. It was relatively easy, a bit of point and shoot stuff really.”

Colette’s biggest victory to date stretched her career record to four wins and two second places in seven starts.

Addeybb, in the silks of Sheikh Ahmed bin Rashid, bagged the Queen Elizabeth Stakes, the second of the three Group 1 prizes that was on offer at Randwick.

Trained in the UK by William Haggas and ridden by British jockey Tom Marquand, Addeybb ran on strongly to win from Verry Elleegant and Japanese raider Danon Premium by two and three-quarter lengths and half-a-length respectively.

On Sunday, Godolphin will be looking to add another Group 1 prize when they send out Woman’s Heart and Cape Cod to contest the Oka Sho – the Japanese 1,000 Guineas – at Hanshin.

The Katsuichi Nishiura-trained Woman’s Heart won her first two starts, including the Group 3 Nigata Nisai Stakes.

Kota Fujioka will be atop the Heart’s Cry filly who has since finished fourth and sixth in her last two starts, in the Group 1 Hanshin Juvenile Fillies in December and in the Group 2 Tulip Sho in March.

Mizuki Takayanagi’s Cape Cod steps up to a mile for the first time having finished eighth over 1,400m in the Group 2 Hochi Hai Fillies' Revue in her last start last month.

The Japanese apprentice Mirai Iwata is booked to ride the Daiwa Major filly, who posted two Stakes wins over 1,200m as a two-year-old, including victory in the Christmas Rose Stakes at Nakayama in December.

“As entry fees for Japanese Group 1 races are effectively zero, it is therefore hardly surprising that big races in Japan usually attract full gates,” Harry Sweeney, president of Godolphin in Japan, told godolphin.com.

“This is especially so for the Classics and, on Sunday, 18 fillies will line up for the Oka Sho, each one having earned the right to run by either winning or placing in designated trial races or being in the top 10 of their year in terms of prize money already earned on the track.

“It is therefore a very significant achievement that Godolphin Japan, from only 23 fillies born in 2017, has two qualified to run in the first Classic of the year.”

Sweeney believes Woman’s Heart as the better chance having won a Group 3 prize.

“Woman’s Heart is certainly the best of the pair,” he added. “She was joint second highest-rated two-year-old filly in Japan last year but could do no better than sixth on her seasonal debut in March.

“She will be largely running against the same fillies again and, on form, will need to have improved by four to five lengths to claim the main prize.”

“Cape Cod won three times last year, all over six furlongs. She has however disappointed when tried at seven furlongs, so the mile of the Oka Sho will be a real stretch for her.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ESupy%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EDani%20El-Zein%2C%20Yazeed%20bin%20Busayyis%2C%20Ibrahim%20Bou%20Ncoula%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EFood%20and%20beverage%2C%20tech%2C%20hospitality%20software%2C%20Saas%0D%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3EBootstrapped%20for%20six%20months%3B%20pre-seed%20round%20of%20%241.5%20million%3B%20seed%20round%20of%20%248%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EBeco%20Capital%2C%20Cotu%20Ventures%2C%20Valia%20Ventures%20and%20Global%20Ventures%3C%2Fp%3E%0A
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
NATIONAL%20SELECTIONS
%3Cp%3E6pm%3A%20Falling%20Shadow%3Cbr%3E6.35pm%3A%20Quality%20Boone%3Cbr%3E7.10pm%3A%20Al%20Dasim%3Cbr%3E7.45pm%3A%20Withering%3Cbr%3E8.20pm%3A%20Lazuli%3Cbr%3E8.55pm%3A%20Tiger%20Nation%3Cbr%3E9.30pm%3A%20Modern%20News%3C%2Fp%3E%0A
Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

'Will%20of%20the%20People'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EMuse%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EWarner%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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.”

Europe wide
Some of French groups are threatening Friday to continue their journey to Brussels, the capital of Belgium and the European Union, and to meet up with drivers from other countries on Monday.

Belgian authorities joined French police in banning the threatened blockade. A similar lorry cavalcade was planned for Friday in Vienna but cancelled after authorities prohibited it.

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

A Dog's Journey 

Directed by: Gail Mancuso

Starring: Dennis Quaid, Josh Gad, Marg Helgenberger, Betty Gilpin, Kathryn Prescott

3 out of 5 stars