Jodie Stimpson returns to Abu Dhabi to defend the title she won last year. Ravindranath K / The National
Jodie Stimpson returns to Abu Dhabi to defend the title she won last year. Ravindranath K / The National

‘Strong women’s field’ ready to begin World Triathlon Series at Abu Dhabi’s new Yas Island course



Seven of the top 10 women triathletes will lead a 60-strong field from 19 countries at the World Triathlon Series season opener on March 3 and 4 on the all-new Yas Island course.

Seventy-one wins in total

Among the competitors will be reigning champion Jodie Stimpson of Britain, 2016 world champion Flora Duffy of Bermuda, world No 3 Ai Ueda of Japan, No 6 Andrea Hewitt of New Zealand, No 8 Charlotte McShane of Australia, and American Olympians Katie Zaferes and Sarah True. The seven women boast 71 wins between them, making it one of the strongest line ups to appear at the ITU World Triathlon Abu Dhabi.

Missing from field

Another notable name will be 2016 Olympic silver medallist Vanessa Fernandes, widely regarded as the most successful woman in triathlon history with 20 World Cup titles to her name. The woman who won the Rio Olympic gold, Gwen Jorgensen, will be taking the year off due to pregnancy.

‘Bucket list race’

“The Abu Dhabi win was one of the highlights of my 2016 season, so I can’t wait to return to the UAE and check out the new course,” Stimpson said. “This is a bucket list race for most triathletes, so I am lucky to be joining such a strong women’s field on the start line in March.”

Feeling is mutual

Sharing Stimpson’s enthusiasm for Abu Dhabi is three-time Olympian Duffy. “I couldn’t ask for more from the Abu Dhabi race — beautiful course, great weather and amazing friends to race with — and hopefully a win of course,” she said. “I am counting down the days before I’m back on the blue carpet.”

Details of event

The race categories, which can be completed as an individual or as part of a relay team, include sprint (750-metre swim, 20km bike and 5km run), Olympic (1,500m swim, 40km bike and 10km run), and Maxi (1,500m swim, 80km bike and 20km run). Around 3,500 amateurs are expected to take part over the two-day event. A junior triathlon is also being organised.

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RESULTS

Welterweight

Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)

(Unanimous points decision)

Catchweight 75kg

Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)

(Second round knockout)

Flyweight (female)

Manon Fiorot (FRA) beat Corinne Laframboise (CAN)

(RSC in third round)

Featherweight

Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki

(Disqualification)

Lightweight

Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)

(Unanimous points)

Featherweight

Yousef Al Housani (UAE) beat Mohamed Fargan (IND)

(TKO first round)

Catchweight 69kg

Jung Han-gook (KOR) beat Max Lima (BRA)

(First round submission by foot-lock)

Catchweight 71kg

Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)

(TKO round 1).

Featherweight title (5 rounds)

Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

(TKO round 1).

Lightweight title (5 rounds)

Bruno Machado (BRA) beat Mike Santiago (USA)

(RSC round 2).

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The specs

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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.

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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.

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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.”

Emergency

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Destroyer

Director: Karyn Kusama

Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan

Rating: 3/5 

UAE release: January 31 

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Bournemouth 0 Southampton 3 (Djenepo (37', Redmond 45' 1, 59')

Man of the match Nathan Redmond (Southampton)

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

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