Peyton Manning, right, has only been able to watch practices and pre-season games as he recovers from a second neck surgery in 15 months.
Peyton Manning, right, has only been able to watch practices and pre-season games as he recovers from a second neck surgery in 15 months.
Peyton Manning, right, has only been able to watch practices and pre-season games as he recovers from a second neck surgery in 15 months.
Peyton Manning, right, has only been able to watch practices and pre-season games as he recovers from a second neck surgery in 15 months.

Manning aims to keep up his starting streak


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INDIANAPOLIS // Peyton Manning's streak of 227 consecutive starts could be in jeopardy, but he thinks he can be ready for the Indianapolis Colts' regular-season opener.

The veteran quarterback will be sidelined for the rest of the pre-season as he recovers from off-season neck surgery. Manning, the only four-time MVP in NFL history, has been on the Colts' physically unable to perform list since the start of training camp.

"I certainly want to be out there, and it's hard to keep track of the hours I've spent in rehab," Manning said.

"I was short-changed a little bit by the lockout, and I'm going to need every bit of the next two weeks, and then I can give you more of an update with where I am."

Just hours before Manning made those remarks on Saturday night, Jim Irsay, the team owner, acknowledged there is a possibility the Colts will start the season without him. On Twitter, Irsay said the team are evaluating the situation and must be prepared to go without Manning.

Manning said he was unaware of Irsay's comments because he had been busy rehabilitating.

He signed a five-year, US$90 million (Dh330m) contract in July after the four-and-a-half month lockout ended.

The idea of not having Manning line up behind the centre is undoubtedly a concern for the Colts and, until now, it seemed inconceivable.

Since being the No 1 pick in the 1998 draft, Manning has started all 208 regular-season games and 19 more in the play-offs, the second-longest streak for a quarterback in league history behind the recently retired Brett Favre. But the recovery from the second operation on Manning's neck in 15 months has been slower than expected.

"I have made progress, but I still have some work to do," he said. "When I'm healthy enough, I'll be able to play."

The only other time one of his starts appeared to be in jeopardy was in 2008 when Manning needed two operations to remove an infection from his left knee.

He missed all of training camp and the entire pre-season, then struggled early in the regular season before winning his third MVP award.

With Manning, the Colts have been a perennial Super Bowl contender. Without him, their hopes of becoming the first team to play an NFL title game in their home stadium would take a hit.

Indianapolis will host the upcoming Super Bowl.

Curtis Painter, the back-up quarterback, has started both pre-season games and has completed eight of 16 passes for 95 yards with no touchdowns and one interception.

He has not played in a regular-season game since relieving Manning in the final two games of the 2009 season, after the Colts had already locked up home-field advantage throughout the play-offs.

Jim Caldwell, the coach, reiterated that Manning's return is up to the quarterback, the doctors and the Colts' trainers.

"He's still caught in the same rehab mode, working extremely hard, as hard as he possibly can," Caldwell said.

"The doctors, as of today, have not released anything."

Cardinals agree Fitzgerald deal

The Arizona Cardinals and Larry Fitzgerald have agreed to an eight-year deal that could pay the wide receiver as much as US$120 million (Dh440m), making it one of the richest deals in the NFL. Fitzgerald is the Cardinals’ career leader in receptions with 613 and needs just 294 yards to surpass Roy Green for yards receiving. In Arizona’s run to the Super Bowl in the 2008 season, Fitzgerald shattered most of the NFL play-off receiving records.

So far, so good for McNabb

Donovan McNabb was pleased with his first pre-season start for Minnesota, after leading the Vikings on a long drive from their one-yard line that ended in a field goal against Seattle. In limited playing time, the quarterback completed six of eight passes as the Vikings beat the Seahawks 20-7. “That was big for us, obviously, with tough field position and to be able to sustain a drive,” McNabb said. “But we have to capitalise on that.”

Texans feature two-back attack

Gary Kubiak may have found another option at running back behind Arion Foster. The Texans’ star back, who was the NFL’s leading rusher in 2010, ran for two touchdowns and Ben Tate tacked on another score and 95 yards in Houston’s 27-14 win over New Orleans on Saturday. Tate, a second-round pick in 2010, missed most of last season after breaking an ankle in a pre-season game. Drew Brees threw for 109 yards for the Saints in a losing effort.

Orton grabs a starting role

Brady Quinn is not sure if he is Denver’s No 2 quarterback or if he is behind Tim Tebow as the team’s No 3, but it is certain that Kyle Orton has landed the starter’s job. Orton led two touchdown drives in the Broncos’ 24-10 pre-season win over the Buffalo Bills, with Quinn throwing a touchdown pass and an interception. John Fox, the coach, has not made a decision on the quarterback rotation and said he probably will not announce it when he does.

Shootings mar 49ers game

A 24-year-old man wearing a shirt abusing the San Francisco 49ers was seriously wounded as gunfire erupted in the parking area after the team’s pre-season game against their cross-bay rivals, the Oakland Raiders, on Saturday, while another sustained lesser injuries in an earlier shooting. Police said that the man wearing a T-shirt referring to the 49ers with an obscenity, was shot two to four times in the stomach.

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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.”

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