Penalty hits Button's title ambitions

SUZUKA // Jenson Button's hopes of sealing the Formula One World Championship drivers' title today at the Japanese Grand Prix suffered a big dent after he was docked five places on the grid for an infringement in yesterday's qualifying session. He and Brawn GP teammate Rubens Barrichello were both punished after being judged not to have slowed down sufficiently under yellow flag conditions as they set their sole lap times in the second part of qualifying.

Rather than fifth and seventh on the grid, Barrichello and Button will start 10th and 12th respectively, though the FIA were due to confirm the grid today. Button leads Barrichello by 15 points in the title race and needs to score five more points than the Brazilian to be crowned champion in Japan. But that now looks unlikely and the chances of the championship being up for grabs coming into the final Grand Prix of the season in Abu Dhabi on November 1 have become more of a possibility with Sebastian Vettel starting in pole position.

The German insisted before the qualifying session that he had a mountain to climb to eat into his 25-point deficit to Button. But if he wins from pole and Button fails to score he will be 15 points adrift with two races left. The incident that led to the Brawn duo's punishments came when Toro Rosso driver Sebastien Buemi crashed. Both Button and Barrichello swerved to avoid the debris on the track, but did not slow down. Fernando Alonso and Adrian Sutil were hit with the same punishment

Button defended his actions following the ruling. He said: "From my point of view, I did the right thing and took evasive action. I thought it wasn't safe to lift out as there might have been a car behind me." Team boss Ross Brawn: "Yellow flags in straights are difficult things. We get them quite often and there are areas where drivers have a reasonable view and you often get yellows on a straight in a race and drivers don't lift off."

sports@thenational.ae more Formula One, s10

Green ambitions

Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water

Tips to keep your car cool

Place a sun reflector in your windshield when not driving
Park in shaded or covered areas
Add tint to windows
Wrap your car to change the exterior colour
Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
Avoid leather interiors as these absorb more heat

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.”

Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

UAE currency: the story behind the money in your pockets

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool

Best Coach: Jurgen Klopp (Liverpool)

Best Goalkeeper: Alisson Becker

Best Men’s Player: Cristiano Ronaldo

Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player: Lucy Bronze

Best Young Arab Player: Achraf Hakimi

Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

Player Career Award: Miralem Pjanic and Ryan Giggs

Penalty hits Button's title ambitions

Jenson Button's hopes of sealing the Formula One World Championship drivers' title today at the Japanese Grand Prix suffered a big dent after he was docked five places on the grid for an infringement in yesterday's qualifying session.

Green&nbsp;ambitions

Tips to keep your car cool

Going grey? A stylist's advice

UAE currency: the story behind the money in your pockets

Green ambitions