David Ortiz of the Boston Red Sox celebrates after hitting a home run in a game last week. Maddie Meyer / Getty Images / AFP / May 14, 2016
David Ortiz of the Boston Red Sox celebrates after hitting a home run in a game last week. Maddie Meyer / Getty Images / AFP / May 14, 2016
David Ortiz of the Boston Red Sox celebrates after hitting a home run in a game last week. Maddie Meyer / Getty Images / AFP / May 14, 2016
David Ortiz of the Boston Red Sox celebrates after hitting a home run in a game last week. Maddie Meyer / Getty Images / AFP / May 14, 2016

Red Sox: David Ortiz, in perhaps the only way he could, is going out with a bang


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David Ortiz is making a mockery of this whole retirement thing.

Athletes usually leave only when their bodies give out, their skills decline and a long line of capable replacements can do their jobs.

More than six weeks into an MLB season that Ortiz, 40, declared will be his last, the Boston Red Sox star has been, arguably, the best hitter in the game.

His OPS (on base percentage plus slugging percentage) sat at 1.080, higher than anyone in either league. He had 10 home runs, 34 runs batted in and 27 extra base hits, the most in the league.

His manager John Farrell told the Associated Press that the performance has been “incredible to watch on a daily basis”.

Ortiz’s flair for the dramatic, which he has exploited most notably in post-season play, has not waned, either.

Last week, he tied a game against the Houston Astros with a two-out triple in the bottom of the ninth inning, then won it two innings later with a two-out, walk-off double.

Baseball’s last, big farewell tour belonged to Derek Jeter two seasons ago. The New York Yankees shortstop finished on a high note, with a game-winning hit in his final home appearance.

But it was a merciful end to three seasons of diminishing numbers. Call it a typical star’s departure, a bit awkward.

Ortiz is as good as ever, which he attributes to better habits, mental and physical.

A designated hitter by trade, he studies pitchers more than he did even a few years ago. He has lost weight, the result of a stricter diet.

If it looks as if Ortiz could play well into his forties, he has nixed any ideas about changing his mind. So far.

“I’m happy with my decision,” he told Yahoo Sports last week.

Hitting the baseball is not the problem. It’s the amount of work he has to put in to get ready. The time each day with trainers. The chronic pain in his feet.

“I think I played enough baseball,” he said.

The Red Sox are not interested in stirring the pot about 2017, just yet, either.

“I know there’s been some talk,” Farrell said. “We don’t want that to be something that grows any further. He’s having a blast playing the game right now.”

If Ortiz does, indeed, call it quits, he will be missed. The man they call Big Papi is one of the game’s extra large personalities.

He is a bear of a man with an expansive nature. He makes opposing players laugh and plays the game with an unapologetic joy.

He also plays with an emotional fire that can turn nasty. He has had wild eruptions at umpires and verbal wars with the same opposing players who otherwise find him so charming.

Besides his legendary roles in Boston’s 2004, 2007 and 2013 championship seasons – the only man who was a part of all three – Ortiz became an accidental, colourful spokesman for the city after the Boston Marathon bombing three years ago.

His simple, defiant remarks against terrorists in front of a Fenway Park crowd the following week seemed to strengthen the fragile emotions in the city.

Given his history of thriving on the biggest of stages, maybe we shouldn’t be surprised that he has come out swinging so hard his final go-round.

It was his two series-saving, walk-off hits against the New York Yankees in the epic, 2004 post-season that first established his reputation as a big-time, clutch performer.

So what could be more Ortiz-like than to finish his career with a singularly great walk-off season?

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The protective shell is covered in solar panels to make use of light and produce energy. This will drastically reduce energy loss.

More than 80 per cent of the energy consumed by the French pavilion will be produced by the sun.

The architecture will control light sources to provide a highly insulated and airtight building.

The forecourt is protected from the sun and the plants will refresh the inner spaces.

A micro water treatment plant will recycle used water to supply the irrigation for the plants and to flush the toilets. This will reduce the pavilion’s need for fresh water by 30 per cent.

Energy-saving equipment will be used for all lighting and projections.

Beyond its use for the expo, the pavilion will be easy to dismantle and reuse the material.

Some elements of the metal frame can be prefabricated in a factory.

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Construction of the pavilion will take 17 months from May 2019 to September 2020.

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Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
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Dog:loyal, kind, perfectionist
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  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
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Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

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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.”