Stan Wawrinka says Roger Federer and Rafael Nadal have also had dominant runs, like the one Novak Djokovic is enjoying currently. Anne-Christine Poujoulat / AFP
Stan Wawrinka says Roger Federer and Rafael Nadal have also had dominant runs, like the one Novak Djokovic is enjoying currently. Anne-Christine Poujoulat / AFP

Unfair to compare Novak Djokovic run with Roger Federer and Rafael Nadal, says Wawrinka



DUBAI // Stan Wawrinka, the only man to beat Novak Djokovic at a major in the last 14 months, says the Serb is playing at a “different level” than the rest, but the Swiss does not agree with the assessment Rafael Nadal made in Doha last month.

“I know nobody playing tennis like this ever,” a shell-shocked Nadal said after his 6-1, 6-2 loss to Djokovic in the Qatar Open final. “Since I know this sport, I never saw somebody playing at this level. When I say perfect, it’s not one thing in particular. It’s everything.”

Famous tennis coach Nick Bollettieri repeated the same words in Rio de Janeiro last week, saying, “I’ve been coaching for 60 years and he is the most perfect player that I have ever seen. It’s difficult to find a weakness. I would say that Djokovic is the best of the history in terms of game.”

Wawrinka, however, refused to get drawn into the debate and pointed towards Roger Federer’s domination of the the sport at his peak, especially 2005 and 2006 when he lost only nine of his 182 matches across those two seasons for an incredible winning percentage of 95.

Djokovic, who lost to Wawrinka in the French Open final last year but won all the three majors and six Masters 1000 title, lost six of his 88 matches in 2015, for a winning percentage of 93.

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“Djokovic is really strong,” said Wawrinka, the No 2 seed at the Dubai Duty Free Tennis Championships this week. “He is No 1 and he is winning every tournament. He had an amazing last year for sure, but I think if you look at Roger, he had some years that he was losing three matches. Rafa [Nadal] was the same as Novak last year.

“So I just don’t like to compare them. It is tough to know which one was best the best at that time or not. It’s quite impressive what he is doing for sure.”

Wawrinka was particularly impressed with the tennis Djokovic played in the first two sets of his four-set win over Federer in the semi-final of last month’s Australian Open.

“I think it was one of the best matches I saw him play,” said Wawrinka. “When he is playing like that, when he gets the lead and is playing so relaxed and so fast, it’s tough to stay with him.

“But if you look at the match, Roger was trying to change a few things. He got the opportunity to take one set and then he fought to make it a close match. So it was an interesting match.”

With Djokovic starting the way he has – with titles in Doha and Melbourne – pundits are already predicting a repeat of 2015 and even the first calendar grand slam in men’s tennis since Rod Laver won all four majors in 1969. Wawarinka, however, is confident there will be chances for others.

“Djokovic has been playing at a different level from the rest of the players, winning all the big titles… almost, except a few last year,” the Swiss said. “So he is there. He is No 1 by far. He has started the year the way he stopped it last year.

“So it’s going to be tough to beat him this year, for sure, but the guys know, and I am sure, there will be some opportunities.”

Wawrinka’s confidence stems from his Roland Garros performance against Djokovic, but also his tense five-set win over the Serb in the quarterfinal of the 2014 Australian Open. That is Djokovic’s earliest exit in 23 majors, starting with the 2010 Wimbledon.

“We had some tough battles in grand slams, not that tough in best-of-three set matches,” said Wawrinka, who 2-15 win-loss record against Djokovic in best-of-three set matches, but has won two of their last three matches at grand slams. All but one of their six completed clashes at majors have gone to five sets – the 2015 French Open final was decided in four.

“In grand slams, when I play him, I always play my best tennis. The power I have from the backhand, from the baseline, from the forehand, that makes me feel I have a game I can trust and go up to beat him.”

Dubai Duty Free Tennis Championships: The National's full coverage

Coming to Dubai, however, Wawrinka’s form has not been so hot. Starting the year with a title in Chennai, he lost to Milos Raonic in the fourth round of the Australian Open. Returning to the courts in Marseille last week, the world No 5 lost to Paire Benoit in the quarterfinal.

“I lost to Raonic in five sets at the Australian Open,” Wawrinka said. “I wasn’t feeling great. I wasn’t at the top of my job, but I am still positive. I won the Chennai title. That was really good for me. It is really important for me if I can get some trophy. So was something really positive, but let’s see now what’s going to happen in the next few months.

“In general, I think I am playing well, I am moving well, I am doing the right things, so I am sure the results will come.”

Making his first appearance in Dubai since 2008, Wawrinka, however, has picked Djokovic as the man to beat this week.

“I think the last few years, he has lost only to Roger here,” Wawrinka said. “Not a lot of players have beaten him here. Normally, he can play on any surface, so I am sure if he is fit and ready, like he normally is, he is going to be tough to beat.”

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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.”

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

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Vara will cater to three categories of companies in Dubai (except the DIFC):

Category A: Minimum viable product (MVP) applicants that are currently in the process of securing an MVP licence: This is a three-stage process starting with [1] a provisional permit, graduating to [2] preparatory licence and concluding with [3] operational licence. Applicants that are already in the MVP process will be advised by Vara to either continue within the MVP framework or be transitioned to the full market product licensing process.

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