Australian Nick Kyrgios hopes that his unlikely success in Mexico can serve as an inspiration to people that it is possible to bounce back from difficult times.
He capped a scintillating run in Acapulco with a 6-3, 6-4 victory over world No 3 Alexander Zverev Saturday to claim his first ATP title in more than a year.
Kyrgios defeated three top-10 players on the way to being triumphant at the tournament, saving three match points in a second-round victory over second-ranked Rafael Nadal - and beating world No 9 John Isner in the semis.
He also beat three-time major winner Stan Wawrinka in the quarter-finals of a drama-filled week that saw him shake off hostile crowds, illness, injuries and moments of malaise - not to mention a post-match scolding from Nadal after he had served under arm at one stage.
This had come after a poor past 12 months in which he fallen to No 72 in the ATP rankings having been previously as high as No 13.
He said: “It’s hopefully an example for people who are struggling and getting in some places you don’t think you can get out of. If I can do it, you can do it.
“I was really down and out and didn’t know what I was going to do, but you have a week like this and things can change.”
His win over Zverev was a remarkably straightforward affair, given the drama of the previous few days.
"I just chucked in a lot of drop shots, tried to keep him guessing, that's all you can do," said Kyrgios.
"He's super-fit, so he's going to grind you down so I tried to keep the points short when I could," added Kyrgios, who spent more than nine hours on court over his four prior matches but needed just an hour and a half to dispatch Zverev.
"You know, I lack on the physical side a little bit," Kyrgios admitted with a smile. "But today I served well and just played the clutch points pretty well."
Indeed it was Zverev whose nerves were frayed after Kyrgios broke him at love in the fourth game of the opening set then held for a 4-1 lead, prompting the German to smash his racquet in frustration.
Kyrgios broke again to open the second set, but double-faulted on break point in the next game.
He broke Zverev again in the fifth game and held with confidence the rest of the way to capture his first title since Brisbane in January of 2018.
While Kyrgios had come to embrace the role of tournament villain in which pro-Nadal fans had cast him, Zverev said fans should appreciate what they had seen from him.
"Really, he's the one who deserves to win it," Zverev said. "He's the real champion this week," and the fans, finally won over, cheered.
Kyrgios, for his part, said he had enjoyed being seen as the bad guy by the crowd and had relished the environment he had to play in.
“The crowd created the atmosphere every day. It was the best atmosphere I’ve ever played in. They were booing me and I still enjoyed playing and being here,” he said. “They created the emotions, the memories, the event. It was amazing.”
Kyrgios admitted that, despite the on-court antics that seemed to drive him on in Mexico, that he may have to change his ways if he is to get back to the top of the game.
“I’m very lucky to be in this position," he said. "I need to be way more disciplined, way better professionally and do the right things. I don’t even have a coach, so maybe I start there.”
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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.”
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Venom
Director: Ruben Fleischer
Cast: Tom Hardy, Michelle Williams, Riz Ahmed
Rating: 1.5/5
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At Eternity’s Gate
Director: Julian Schnabel
Starring: Willem Dafoe, Oscar Isaacs, Mads Mikkelsen
Three stars
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.