Juan Martin del Potro will be the fifth seed at the Australian Open beginning on Monday. Dean Lewins / EPA
Juan Martin del Potro will be the fifth seed at the Australian Open beginning on Monday. Dean Lewins / EPA

Del Potro into semis, Kvitova knocked out at Sydney International



World No 5 Juan Martin del Potro recovered from losing the second set to beat Radek Stepanek and book a place in the semi-finals of the Sydney International on Thursday.

The Argentine, who boasts a huge forehand, downed the Czech Davis Cup hero 6-4, 3-6, 6-3 to set up a last-four clash against Russian Dmitry Tursunov, who advanced with a 7-6 (7/5) 6-2 win against Uzbek Denis Istomin.

Top seed Del Potro, the 2009 US Open champion who has worked his way back up the rankings after wrist surgery, needed his big serve to get him home after Stepanek levelled the match.

“Radek improved his game in the second set. I was positive, waiting for my chance, and I played a fantastic two points in the third game of the third set to break his serve,” del Potro said.

“Then I served OK. Just doing my job and I closed the match.”

Del Potro, 25, broke in the 10th game to take the first set, but 35-year-old Stepanek, who has featured in the top 100 for the past 12 years, broke three times in the second set to square the match at one set apiece.

With his big serve and trademark crosscourt forehand, del Potro took charge in the decider and broke twice to seal the win.

“I like to play a couple of matches before a Grand Slam,” said the Argentine. “Play in a good tournament like Sydney, it’s a big opportunity for me and also train before a Grand Slam.”

Del Potro has had tough workouts in his two matches in Sydney with his first against Frenchman Nicolas Mahut also going to three sets.

“Dmitry is a difficult opponent for me. He plays really flat and good shots down the line, backhands and forehands,” he said.

“He’s the past champion of this tournament. He likes these courts and the conditions.”

Bernard Tomic and Marinko Matosevic could set up an all-Australian semi-final if the pair win their quarter-finals later Thursday.

Defending champion Tomic takes on Ukrainian Alexandr Dolgopolov while wildcard Matosevic plays qualifier Sergiy Stakhovsky.

In the women’s section, Bulgarian qualifier Tsvetana Pironkova reached her first WTA final with a semi-final win over second seed Petra Kvitova.

The world No 107 defeated her second top-10 ranked opponent of the week in a 6-4, 6-3 victory.

Pironkova, 26, will play fifth seed Angelique Kerber in Friday’s final after the German left-hander mastered American Madison Keys 6-4, 6-2.

“It’s definitely a milestone. This is something I’ve been dreaming about for a long time now and something that I’ve been missing, to go to the final or even have a title,” Pironkova said.

“I have been here a few times before. I’ve been playing qualifying here and I actually never imagined getting to the final here.”

Pironkova ranked as high as 31 in the world in 2010 following her Wimbledon semi-final appearance against Vera Zvonareva, and lost to Kvitova in the Wimbledon quarter-finals the following year.

The Bulgarian has now won seven matches to get to the Sydney final, and reached the semis after beating Italian third seed Sara Errani in straight sets.

“I’ve had some pains here and there. It’s quite normal considering I’ve been playing for seven consecutive days now,” Pironkova said.

“But these are not serious injuries. These are normal things that happen to you after so many matches. I’ve had them before. I know it’s nothing to worry about too much.”

Kvitova said Pironkova had proved a difficult opponent.

“She moved well on the court, every ball was in the court,” the Czech world number six said.

“It was tough for me to make a winner because she moved in the baseline very well. This was hard for me to have short rallies.

“She served well and she was returning my serve pretty well.”

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SPECS

Engine: 4-litre V8 twin-turbo
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Install an air filter in your home.

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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

The Saga Continues

Wu-Tang Clan

(36 Chambers / Entertainment One)

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Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

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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.”

Common OCD symptoms and how they manifest

Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.

Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.

Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.

Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.

Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.

Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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