Following the conclusion of the Mubadala World Tennis Championship on Saturday, here is a look at some of the talking points from the event in Abu Dhabi with a look ahead to the 2017 campaign.
Nadal can still compete
Before the start of the tournament, Rafael Nadal had dismissed suggestions he could be in his final season given the battered state of his body.
“I believe that I can compete for important things in the next three years,” he said.
Given his performance across the three matches and, especially, the damage his forehands caused in those duels, it is hard to disagree.
He was dismissive against Tomas Berdych in his opening match, in control against Milos Raonic in the semis and then at his battling best in the final against David Goffin.
“I know I have been practising so hard in Mallorca, but arriving for the tournament, I didn’t know what was going to happen,” Nadal said after his triumph.
“I felt I was playing well and these three matches confirm that.”
Confirmation for him, should be a confirmation for us.
• More: 'I play my way', says Nadal after victory | In pictures
Murray now the hunted
Until now, Andy Murray was the hunter and Novak Djokovic the hunted, but the roles will be reversed now.
Murray will have to contend with not just Djokovic but a pack of hunters, including players such as Goffin, who will take the court against him with nothing to lose.
“I don’t know, to be honest,” Murray said, when asked about the challenges he faces as the hunted now.
“I guess I will get a better sense of that maybe at the Australian Open or the beginning of this year. At the end of last year, I played the ATP World Tour Finals as No1 and I didn’t think of that at all. So, I am not sure how it will affect me.”
It will be interesting to see how Murray copes, but given his past emotional outbursts on the court, coach Ivan Lendl will have a big job trying to keep him calm.
• More: Australian Open still the elusive prize for Murray
Raonic is still work in progress
For someone who is often described as the head of the next generation, Milos Raonic has a pretty ordinary record against the Big Four.
The Canadian has yet to win a match against Djokovic (0-8). He is 3-9 against Roger Federer, with two of those wins coming in 2016.
Against Nadal, he is 1-6 in official matches, and, of course, has lost both his matches here in Abu Dhabi against the Spaniard.
Raonic had started well against Andy Murray, winning three of their first four official matches, but now has lost eight on the trot, including twice at the grand slams last year. He also lost to Murray on Saturday here.
“I guess I am missing just a little bit of being mentally strong at some points,” Raonic, 26, said.
“I think I am doing a lot of things well. It’s just taking that step forward, mentally and physically.”
That “step”, then, stands between Raonic and grand slam success. The sooner he takes it, the better.
Goffin can keep his 2016 success going
Goffin did not seem overtly thrilled with his win over Murray on Friday. “Because maybe Andy would have managed differently if it was a serious match,” said the Belgian world No 11.
True, these were not official matches, but the fact is: Goffin is the first man to beat Murray since Juan Martin Del Potro in the Davis Cup semi-final in mid-September.
Goffin also showed his mettle in the final against Nadal, harrying the Spaniard and audaciously passing him at times.
His quick feet are a definite asset and so are the lighting forehands. He has the ability to switch gears unnoticed and has been working on improving his first serve percentage.
If he can do that, then he can be a formidable opponent. So watch out for the diminutive Belgian in 2017.
• More: Goffin can carry this success through season
Berdych needs a Plan B
True, the season has not even started yet and two matches in Abu Dhabi is too few a sampling to form opinions.
Still, Berdych just did not look very convincing in his two matches here, and nothing like the Top 10 player that he is. The Czech was brushed away by Nadal and when Jo-Wilfried Tsonga got going in the second set of their play-off for fifth place, Berdych had no answers.
Berdych is playing in Doha next and his week in the Qatari will provide a better picture, but if his two matches here are any indication, he needs to bring that Plan B out of the drawer.
His Plan A looks a bit jaded.
arizvi@thenational.ae
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Friday's schedule in Madrid
Men's quarter-finals
Novak Djokivic (1) v Marin Cilic (9) from 2pm UAE time
Roger Federer (4) v Dominic Thiem (5) from 7pm
Stefanos Tsitsipas (8) v Alexander Zverev (3) from 9.30pm
Stan Wawrinka v Rafael Nadal (2) from 11.30pm
Women's semi-finals
Belinda Bencic v Simona Halep (3) from 4.30pm
Sloane Stephens (8) v Kiki Bertens (7) from 10pm
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
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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Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
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Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
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Price: From Dh330,000 (estimate)
The specs
Engine: 2.0-litre 4-cylturbo
Transmission: seven-speed DSG automatic
Power: 242bhp
Torque: 370Nm
Price: Dh136,814
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Champions League last 16, first leg
Tottenham v RB Leipzig, Wednesday, midnight (UAE)
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Sand storm
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Uefa Champions League semi-final, first leg
Tottenham 0-1 Ajax, Tuesday
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Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
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Manchester United 2 Burnley 2
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Man of the Match: Jesse Lingard (Manchester United)
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