Kayla McAlister, left, of New Zealand passes the ball during the match against South Africa on Day 1 of the Emirates Dubai Rugby Sevens. Tom Dulat / Getty Images
Kayla McAlister, left, of New Zealand passes the ball during the match against South Africa on Day 1 of the Emirates Dubai Rugby Sevens. Tom Dulat / Getty Images
Kayla McAlister, left, of New Zealand passes the ball during the match against South Africa on Day 1 of the Emirates Dubai Rugby Sevens. Tom Dulat / Getty Images
Kayla McAlister, left, of New Zealand passes the ball during the match against South Africa on Day 1 of the Emirates Dubai Rugby Sevens. Tom Dulat / Getty Images

Baby refuses to play ball for new mum Kayla McAlister at Dubai Rugby Sevens


Paul Radley
  • English
  • Arabic

Most parents of seven-month-old babies could sympathise. When you are trying to get something done, it would be handy if the little one followed a neat sleeping pattern, just this once.

The fact Kayla McAlister’s daughter Stella refused to oblige was perhaps understandable. She might still be on New Zealand time, after all, and this is her first trip to Dubai.

Plus she probably wanted to watch her mother doing what she does – which in this case was scored a try in each of the pool matches for the Black Ferns on Day 1 of the Dubai Rugby Sevens.

“She has had one hour’s sleep all day, and was in the tunnel when we were trying to focus,” McAlister said.

This is McAlister’s first tournament since the Olympic Games in Rio in 2016. It looked as if she had barely been away, as she fitted seamlessly back in to the irresistible New Zealand team, who won each of their pool matches against South Africa, France and United States.

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“It was good to get back out there with the girls, although my lungs are blowing a bit,” McAlister said.

“It is good to be back in the environment. I pretty much took it easy for three months [after giving birth to Stella], then got straight back into it.

“After watching them all year after Rio, and we had a tough 18 months leading into that, the girls did so well here last year, then in the series that followed, and it was gutting sitting at home pregnant. My goal was Dubai.”

Oddly, the last match of Day 1 will be repeated as the first match of the Women’s Series finals day, as New Zealand face the US in the quarter final at 9am on Pitch 2.

Russia face Spain, Canada play France, while a fixture between England and Australia is the pick of the round.

The Australians also won all three of their pool fixtures, including a match against England, and Charlotte Caslick is hoping for more of the same on Friday.

“We were focusing on keeping hold of the ball and working really hard for each other, being first to the ball all over the field,” Caslick said.

“In this heat, you have to work super hard. Holding onto the ball is key, and if you can do that in this heat you can run teams off their feet. That is what we will be aiming to do.”

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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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