Tottenham manager Mauricio Pochettino reacts after the match against Arsenal on Sunday. Andy Rain / EPA / November 6, 2016
Tottenham manager Mauricio Pochettino reacts after the match against Arsenal on Sunday. Andy Rain / EPA / November 6, 2016
Tottenham manager Mauricio Pochettino reacts after the match against Arsenal on Sunday. Andy Rain / EPA / November 6, 2016
Tottenham manager Mauricio Pochettino reacts after the match against Arsenal on Sunday. Andy Rain / EPA / November 6, 2016

Mauricio Pochettino adopts the fashionable formation for Tottenham, and it pays off at least some


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Arsenal 1 Tottenham Hotspur 1

ARS: Wimmer (og) 42’; TOT: Kane (pen) 51’

Man of the match: Mousa Dembele (Tottenham)

It is the formation in fashion.

Chelsea, the Premier League leaders heading into Sunday's action, have won all five of their top-flight games without conceding a goal since Antonio Conte ditched his 4-1-4-1 setup in favour of a 3-4-2-1. Pep Guardiola has also employed a variation of the system at Manchester City this season, so too Slaven Bilic at West Ham United.

It was the turn of Mauricio Pochettino this weekend. Tottenham Hotspur, without a victory in their last six outings in all competitions, ditched their customary 4-2-3-1 and lined up with three at the back for their trip to the Emirates Stadium to face north London rivals Arsenal.

Also see

• In pictures: Harry Kane back on scoresheet as Spurs steal point from Arsenal

• Premier League results: Harry Kane scores in return from injury for Spurs

It was a bold move. Pochettino’s Tottenham had only ever fielded three central defenders once before, in a 2-1 win over Watford last term. Something needed to change given their recent struggles, but there was little indication as to how well the switch would work before kick-off.

After a 1-1 draw in which his team halted a previously rampant Arsenal attack for long periods, Pochettino will have been delighted with how his players stood up to the challenge.

Tottenham began the stronger of the two teams, with the extra passing option provided by a three-man backline of Jan Vertonghen, Eric Dier and Kevin Wimmer – who was making his first league start of the campaign as the central member of the trio – aiding their build-up play.

Arsenal pressed high in an attempt to pinch possession in advanced areas, but the visitors did well to either feed the ball into midfield or knock long passes in behind their opponents’ defence, which in turn allowed them to squeeze up the pitch and compress the play.

Kyle Walker and Danny Rose took up higher starting positions than usual as a result of their wing-back duties, with Pochettino probably concerned that the duo may have been pinned back by Alex Iwobi and Theo Walcott had they been playing in a defensive four.

Further forward, Son Heung-min and Christian Eriksen roamed across the final third – much like Pedro and Eden Hazard have done to devastating effect for Chelsea – while the returning Harry Kane acted as a focal point at the top of the pitch, even if he was rather quiet for much of the encounter.

After an assured opening half-hour, in which Tottenham controlled possession and largely nullified the hosts’ attacking threat, Arsenal began to wrestle back control. The speed of Iwobi, Walcott and Alexis Sanchez caused problems for Pochettino’s charges, particularly on the outside of the two wider centre-halves, and the opening goal was a reflection of the run of play in the preceding minutes.

Tottenham fought back in the second period, though, Mousa Dembele’s driving run drawing a penalty that was calmly converted by Kane. Arsenal saw a lot more of the ball thereafter as they pushed for a winner, but it was telling that they finished the game with only two shots on the target.

“In football today you have to be flexible,” Pochettino reflected in his post-match press conference. “You always need to adapt your system and your game.

“Football is about trying to find solutions and working hard. The most important thing is when the team show this [in their] performance and the players know what they have to do in different phases of the game.”

It will be interesting to see if Tottenham use the 3-4-2-1 going forward or whether it was a purely temporary measure for Sunday’s clash. For now, Pochettino will simply be grateful that the Premier League’s fashionable formation helped his side end their recent run of disappointing results.

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match info

Maratha Arabians 138-2

C Lynn 91*, A Lyth 20, B Laughlin 1-15

Team Abu Dhabi 114-3

L Wright 40*, L Malinga 0-13, M McClenaghan 1-17

Maratha Arabians won by 24 runs

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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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