Williams, Roddick and Federer advance in US Open


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NEW YORK // Playing for the first time in two months after spraining her left kneecap, seven-time Grand Slam champion Venus Williams beat Roberta Vinci of Italy 6-4, 6-1 yesterday to advance to the second round of the US Open. Williams landed awkwardly on her recently injured leg after hitting a swinging volley and grimaced. It was about the only glitch during her return to tennis. "It was doing pretty good, until I landed on that leg ... I was pretty happy to get through after not playing in forever," said Williams, whose younger sister Serena is not playing in the US Open after surgery for deep cuts on her right foot.

"It's not the same without two Williamses," the No. 3-seeded Venus added during an on-court interview. "I have big shoes to fill with just one Williams here." Williams hit 10 aces, reaching 203kph, and became only the fifth woman with 200 career victories at major tournaments. Other past US Open champions Roger Federer, Andy Roddick and Kim Clijsters also won on Day 1. Federer hit a back-to-the-net, between-the-legs winner and smacked 18 aces while eliminating Argentina's Brian Dabul 6-1, 6-4, 6-2 at night.

Federer compiled a 46-4 advantage in winners, and none was more impressive than the trick shot that was nearly the same as one he hit against Novak Djokovic in the 2009 US Open semifinals. "This one was incredible again," Federer said. "I turned around and couldn't believe the shot landed in the corner." He improved to 16-0 in night matches at Flushing Meadows and took the first step in his bid to reach a seventh consecutive US Open final. But 32nd-seeded Lleyton Hewitt, who won the tournament in 2001, hit 12 double-faults and was upset by 109th-ranked Paul-Henri Mathieu of France 6-3, 6-4, 5-7, 4-6, 6-1.

Yesterday's loss is Hewitt's only first-round exit in 11 trips to the US Open. Williams, meanwhile, improved to 12-0 in opening matches in New York, and 48-3 in openers at all major tournaments. She had not competed since being upset in the Wimbledon quarterfinals June 29 by then-No. 82 Tsvetana Pironkova of Bulgaria. Pironkova won on Monday, too, and Williams could face her in the third round. That loss at the All England Club, shortly after Williams turned 30, led to talk about how much longer she can contend for major championships - and even how much longer she intends to play on tour.

The No. 2-seeded Clijsters began her title defence with a 6-0, 7-5 victory over 104th-ranked Greta Arn of Hungary. It was an afternoon of mostly straightforward results, although two-time French Open runner-up Robin Soderling was stretched to five sets before edging 214th-ranked qualifier Andreas Haider-Maurer, who pounded 34 aces. Other winners included No. 6 Nikolay Davydenko, No. 11 Marin Cilic, No. 13 Jurgen Melzer, No. 17 Gael Monfils and No. 22 Juan Carlos Ferrero, while No. 27 Fernando Gonzalez quit in the third set of his match against Ivan Dodig because of a knee injury.

Women moving into the second round included surprise 2009 U.S. Open quarterfinalist Melanie Oudin, French Open champion Francesca Schiavone, French Open runner-up Sam Stosur, two-time major finalist Elena Dementieva, No. 10 Victoria Azarenka, No. 13 Marion Bartoli, No. 16 Shahar Peer, and No. 24 Daniela Hantuchova, who beat former No. 1 and current No. 50 Dinara Safina 6-3, 6-4. Another past No. 1 now sitting way down in the rankings, No. 40 Ana Ivanovic, reached the second round by eliminating Ekaterina Makarova 6-3, 6-2.

Williams got off to a good start against Vinci, leading 3-0 and 4-1. But the Italian reeled off three consecutive games and 10 of 12 points to pull level at 4-all, 30-all. That's when Williams took over, delivering an overhead smash on the next point, followed by her fifth ace to hold for a 5-4 lead. Williams then broke Vinci at love, giving her six points in a row to close the first set. In the second set's opening game, Williams winced and briefly seemed uncomfortable when she planted her left foot on a winner near the net.

"Thankfully," Williams said, "after that, she did most of the running." * AP

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Favourite film:

Declan: It was The Commitments but now it’s Bohemian Rhapsody.

Heidi: The Long Kiss Goodnight.

Favourite holiday destination:

Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.

Heidi: Australia but my dream destination would be to go to Cuba.

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Declan: I love brunching and socializing. Just basically having the craic.

Heidi: Paddleboarding and swimming.

Personal motto:

Declan: Take chances.

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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.”

Getting there

The flights

Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.

The stay

Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net 

Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama

Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com

SCORES IN BRIEF

Lahore Qalandars 186 for 4 in 19.4 overs
(Sohail 100,Phil Salt 37 not out, Bilal Irshad 30, Josh Poysden 2-26)
bt Yorkshire Vikings 184 for 5 in 20 overs
(Jonathan Tattersall 36, Harry Brook 37, Gary Ballance 33, Adam Lyth 32, Shaheen Afridi 2-36).

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Our legal consultants

Name: Hassan Mohsen Elhais

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UAE currency: the story behind the money in your pockets
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if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.