Six games in, the abiding image of Hull's season had appeared to have been etched in the memory. When Daniel Cousin soared above William Gallas to head in City's winner at the Emirates Stadium, it ranked as the climax of a meteoric rise.
Some three months later, a very different impression was created, and it is one they cannot now shed.
Trailing 4-0 at the interval at Manchester City, Phil Brown delivered his team talk on the pitch in front of the away supporters.
A public chastisement in front of the travelling fans left former players aghast and Hull's footballers privately irritated at their humiliation.
It is not the sole reason why Hull, briefly level on points with Liverpool and Chelsea in October, are on the brink of the relegation zone as they face Stoke City today.
Yet it was a defining moment in their campaign, as a descent that began gradually may involve a precipitous plunge back into the Championship. They are now 17th - still two or three places higher than the pre-season predictions - but struggling to arrest the longest decline in the division.
Once, in popular perception, fearless upstarts with an attacking ethos, they have now acquired a reputation as sore losers. Whereas Brown's brand of bold management was richly rewarded in a golden autumn, now his risks look misjudged.
While pragmatism, rather than maverick management, has prospered in the relegation battle, Brown paid £5million (Dh27.7m) for a midfielder limited to 37 minutes football by a knee problem (Jimmy Bullard) in a transfer window when today's opponents, Stoke, acquired a proven Premier League goalscorer, James Beattie, for rather less.
George Boateng has described it as the biggest game in Hull's history. His fellow midfielder, Richard Garcia, concurred: "It's definitely up there," said the Australian, admitting that the victories at Arsenal, Tottenham and Newcastle appear distant days.
"It almost seems like years ago," he added. "In the first half of the season we were flying high. When results aren't going for you it seems longer and longer."
Games have been lost, and so has some of the neutral support. Hull have four successive defeats and a solitary win in 18 league matches while, amid suggestions that the initial praise went to his head, the limelight has lingered on Brown to the extent that his ever-present tan and more outspoken comments have attracted derision.
Nevertheless, Hull's players have another explanation for their slide. While commitment has been evident, especially from their seasoned professionals, they have a meagre tally of two goals in six games.
"We have been playing really well but we haven't been scoring goals," added Garcia. "Goals are like gold. The encouraging thing is that the performances have been there and that the attitude has been good."
The same can be said at the other end of the table. Liverpool go to West Ham aiming, if only temporarily, to reduce the gap to Manchester United to three points.
If Fernando Torres has recovered from his latest hamstring problem, he can partner Steven Gerrard for the first time in more than a month, though Xabi Alonso has been ruled out.
The stakes are high, just as they are for Hull.
@Email:rjolly@thenational.ae
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.”
What is the Supreme Petroleum Council?
The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
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