Australia coach Michael Cheika is expected to roll the dice and include David Pocock in his Rugby World Cup squad to be released on Friday despite growing concerns over the loose forward's lack of match fitness ahead of the global showpiece in Japan.
The 31-year-old had been expected to feature in at least one match during the Rugby Championship and two Bledisloe Cup Tests against New Zealand, but selectors kept him wrapped in cotton wool throughout.
Pocock has not featured in Wallabies gold since a Test against Italy last November and he barely played Super Rugby this year while struggling with a problematic calf injury.
If selected, he would have only one warm-up before the World Cup, against Samoa on September 7, to prove his body is still up to the rigours of international rugby.
Pocock returned to full training before the Wallabies' last Test against the All Blacks but ended up playing no part in the 36-0 humiliation at Eden Park.
Concern over the no-show has been compounded by the caginess of the Wallabies' selectors over Pocock's fitness.
"There's no clarity off the field nor on it, especially after Australia's near record loss to the All Blacks on Saturday," the Canberra Times complained earlier this week.
As a masterful ball-poacher and one of the world's most fierce combatants at the breakdown, Pocock is arguably worth waiting for, even if his return might mean change to a back row that appeared set after victory over the All Blacks in Perth.
The back three of captain and openside flanker Michael Hooper, blindside Lukhan Salakaia-Loto and rookie No 8 Isi Naisarani performed well in the 47-26 defeat of the world champions at Perth Stadium, so Pocock's eventual resumption may end up launched from the bench.
Cheika answered many of his selection posers against the All Blacks, confirming that the once-wayward James O'Connor is a handy asset at outside centre and that Nic White will challenge Will Genia for the starting scrum-half role.
There is less certainty on the fringes, however, particularly around the outside backs and playmaking positions.
Nick Phipps, once Genia's understudy and a veteran of two World Cups, has fallen off the radar, leaving hope for ACT Brumbies' Joe Powell to be included if Cheika opts to avoid the risk of bringing only two scrum-halves to Japan.
Kurtley Beale has locked up his old position at fullback following the sacking of Israel Folau, with Dane Haylett-Petty a likely backup for the 15 jersey.
Pacy outside backs Jack Maddocks and Tom Banks may be nervous, however.
They could be shut out if Cheika opts to back the highly-rated teenager Jordan Petaia after his recovery from a foot injury, while giving the versatile Adam Ashley-Cooper a fourth World Cup campaign.
Tevita Kuridrani, the starting 13 through most of the 2015 World Cup in England, is also no certainty after a subdued Rugby Championship outside Samu Kerevi.
With no Australian playing contract announced, time may have run out for England-based lock Will Skelton's hopes of a late inclusion, leaving Luke Jones and Rob Simmons the likely second row reserves after Rory Arnold, Izack Rodda and Adam Coleman.
At 34 and without international rugby since the England Test last November, Tatafu Polota-Nau could be set for his third World Cup as a reserve hooker behind Tolu Latu and Folau Fainga'a, which would edge out three-Test rookie Jordan Uelese.
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ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero
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Ahmed Raza
UAE cricket captain
Age: 31
Born: Sharjah
Role: Left-arm spinner
One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95
T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28
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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.”
BUNDESLIGA FIXTURES
Friday (all kick-offs UAE time)
Hertha Berlin v Union Berlin (10.30pm)
Saturday
Freiburg v Werder Bremen (5.30pm)
Paderborn v Hoffenheim (5.30pm)
Wolfsburg v Borussia Dortmund (5.30pm)
Borussia Monchengladbach v Bayer Leverkusen (5.30pm)
Bayern Munich v Eintracht Frankfurt (5.30pm)
Sunday
Schalke v Augsburg (3.30pm)
Mainz v RB Leipzig (5.30pm)
Cologne v Fortuna Dusseldorf (8pm)