Naomi Osaka continued to keep her social justice message front and centre after the Japanese fourth seed adorned a black face mask with the name 'Breonna Taylor' before and after her first round win in the US Open on Monday night.
Osaka initially withdrew from her semi-final at the Western & Southern Open on Thursday to protest the police shooting of Jacob Blake, a Black man in Kenosha, Wisconsin. She played the rearranged match on Friday but pulled out of the final due to a hamstring injury.
That injury showed few signs of returning but Osaka had to dig deep to beat compatriot Misaki Doi 6-2 5-7 6-2 in her opener at Flushing Meadows.
The past week saw Osaka, 22, emerge as tennis' torchbearer in protests and the face mask in tribute of Breonna Taylor - a Black woman killed by police officers who burst into her apartment in March - was the latest stand by the two-time Grand Slam champion to raise awareness of racial injustice in the United States.
"Actually, so I have seven [masks]," said Osaka. "It's quite sad that seven masks aren't enough for all the names. Hopefully I'll get to the final so you can see all of them."
With no spectators allowed into the Billie Jean King National Tennis Center due to Covid-19 health and safety protocols, large sections of seating in the Arthur Ashe Stadium court were covered with 'Black Lives Matter' banners.
Osaka, the 2018 champion, started strongly in the opening set as she broke Doi's serve twice without facing a single breakpoint.
But she struggled with her serve in the second and her unforced errors mounted as the 81st-ranked Doi, who lost to Osaka in their only previous meeting in 2016, levelled the match with a second break.
Normal service was resumed in the decider, however, as Osaka broke her Fed Cup team mate early before sealing the win with a second break.
"It was very difficult and I kind of expected it because first-round nerves and also she's a tough opponent so I knew there was a chance it would get really long," Osaka said in a courtside interview.
"I felt like it could have been better (with my serve) but it did what it needed to do on the very important points so I can't be that mad. I definitely need to practise some more."
Next up for Osaka will be Italian Camila Giorgi, who earlier beat Alison van Uytvanck 2-6 6-1 7-5.
Gauff 'still has a lot to learn'
Earlier, American teen sensation Coco Gauff was eliminated from the first round of a Grand Slam for the first time.
Gauff, whose run to the third round ignited last year's tournament, bowed out 6-3, 5-7, 6-4 to Anastasija Sevastova at an empty Louis Armstrong Stadium.
Having reached the fourth round at the Australian Open in January and Wimbledon in her Grand Slam main draw debut last year, 16-year-old Gauff had never felt the pain of an early exit from the majors.
"I could have played better today," Gauff told reporters. "I just got on Tour a little over a year ago, so I still have a lot to learn and a long ways to go."
Old guard march on
Top seed Karolina Pliskova overcame an error-strewn first set to defeat Ukraine's Anhelina Kalinina 6-4, 6-0 to reach the second round.
Pliskova, seeded first following the withdrawals of world No 1 Ashleigh Barty and second-ranked Simona Halep, will next face France's Caroline Garcia, who came through her first round match 6-3, 6-2 against Italian Jasmine Paolini.
Angelique Kerber, the 2016 champion, navigated a tricky first round tie, defeating Australia's Ajla Tomljanovic 6-4, 6-4 and will face fellow German Anna-Lena Friedsam in the second round.
Two-time Wimbledon champion Petra Kvitova produced a fine performance on the opening day, defeating Romania's Irina-Camelia Begu 6-3, 6-2. The sixth-seeded Czech will next take on Kateryna Kozlova.
SUE%20GRAY'S%20FINDINGS
%3Cp%3E%22Whatever%20the%20initial%20intent%2C%20what%20took%20place%20at%20many%20of%20these%20gatherings%20and%20the%3Cbr%3Eway%20in%20which%20they%20developed%20was%20not%20in%20line%20with%20Covid%20guidance%20at%20the%20time.%3C%2Fp%3E%0A%3Cp%3E%22Many%20of%20these%20events%20should%20not%20have%20been%20allowed%20to%20happen.%20It%20is%20also%20the%20case%20that%20some%20of%20the%3Cbr%3Emore%20junior%20civil%20servants%20believed%20that%20their%20involvement%20in%20some%20of%20these%20events%20was%20permitted%20given%20the%20attendance%20of%20senior%20leaders.%C2%A0%3C%2Fp%3E%0A%3Cp%3E%22The%20senior%20leadership%20at%20the%20centre%2C%20both%20political%20and%20official%2C%20must%20bear%20responsibility%20for%20this%20culture.%C2%A0%3C%2Fp%3E%0A%3Cp%3E%22I%20found%20that%20some%20staff%20had%20witnessed%20or%20been%20subjected%20to%20behaviours%20at%20work%20which%20they%20had%20felt%20concerned%20about%20but%20at%20times%20felt%20unable%20to%20raise%20properly.%3C%2Fp%3E%0A%3Cp%3E%22I%20was%20made%20aware%20of%20multiple%20examples%20of%20a%20lack%20of%20respect%20and%20poor%20treatment%20of%20security%20and%20cleaning%20staff.%20This%20was%20unacceptable.%22%C2%A0%3C%2Fp%3E%0A
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
MATCH INFO
English Premiership semi-finals
Saracens 57
Wasps 33
Exeter Chiefs 36
Newcastle Falcons 5
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.”
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A
