Gillian Duffield discovered Arabians in the Eighties.
Gillian Duffield discovered Arabians in the Eighties.
Gillian Duffield discovered Arabians in the Eighties.
Gillian Duffield discovered Arabians in the Eighties.

No risk for Duffield in the opening contest


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DUBAI // Gillian Duffield was predominantly a trainer of amateur jump racers when she had her first Arabian winner at England's Aintree. But it was a win that changed the course of her career and set her on a road to four UAE Arabian trainers' championships and victory in every Arabian group race in England. Although the Meydan racecourse's main purpose is to elevate the Dubai World Cup race even higher, it will also give Arabian racing a better platform to show just how exciting it can be.

And tonight Duffield sets her sights on winning the Group One Al Maktoum Challenge Round One for Arabians with No Risk Al Muary. "It worries me a little bit that he has not raced here yet as it can take them a little while to settle," said Duffield. "But he will get his chance in the Al Maktoum Challenge and he has so much ability. We are looking forward to seeing what he can do." To understand how far the trainer, who works primarily for Sheikh Hamdan bin Rashid, has come you have to look back to 1985.

Back then she had never even considered training Arabian horses. Little did she know she would one day train the great Madjani, who in 2007 equalled the record of three consecutive victories in the Kahayla Classic at Nad al Sheba. The only other horse to have achieved that feat was Alanudd in 1997, 98 and 99. In those days Duffield had a successful yard just outside Newmarket which was populated by hunters and point-to-pointers.

One of her charges, Rhusted, won 14 Opens (the highest category of point-to-point races) and she was looking at moving up to steeplechasing. Then one of her owners, who had a fencing company, put her in touch with Sheikh Hamdan's Shadwell racing operation and, quite by chance, Duffield's life took a new turn. "He did the fencing at Shadwell down the road from us," said Duffield. "He said they had some Arabians and were looking for a trainer.

"At first I thought 'oh, no I don't want to train them, they are silly, fizzy things and only good for looking pretty', but I went and had a look because I thought Sheikh Hamdan would have good ones." In the end Duffield was swayed by the prospect of being able to keep her yard open, and her staff in employment, throughout the summer. But soon the Arabian operation overtook the thoroughbreds and Duffield was consumed by her new challenge.

And she has proved more than equal to the task. This season No Risk Al Maury is the big prospect and tonight spectators are likely to see whether he can follow in the footsteps of Madjani or her other Kahayla winner, Kaolino. He has won 14 races, including two Dubai Stakes, and Duffield is eager to see how he fares in the opening contest.

AWARDS
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Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Major honours

ARSENAL

  • FA Cup - 2005

BARCELONA

  • La Liga - 2013
  • Copa del Rey - 2012
  • Fifa Club World Cup - 2011

CHELSEA

  • Premier League - 2015, 2017
  • FA Cup - 2018
  • League Cup - 2015

SPAIN

  • World Cup - 2010
  • European Championship - 2008, 2012
Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg