Trainer Mike de Kock has lost confidence Bold Silvano, above, ahead of the Sheema Classic.
Trainer Mike de Kock has lost confidence Bold Silvano, above, ahead of the Sheema Classic.
Trainer Mike de Kock has lost confidence Bold Silvano, above, ahead of the Sheema Classic.
Trainer Mike de Kock has lost confidence Bold Silvano, above, ahead of the Sheema Classic.

Trainer Mike de Kock clears Mahbooba for take off


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DUBAI // Considering he is the most successful international trainer in the history of Dubai World Cup night, Mike de Kock has kept a low profile this week.

Instead of appearing on the main track at Meydan Racecourse, the South African maestro has been working his horses on the training track, away from the curious onlookers.

Yet with 10 runners on the card on Saturday it is certain that De Kock will have a significant part to play as the action unfolds on the richest night of horse racing.

De Kock said his season has gone a little better than expected. He captured a Group 1 with his World Cup hope Master Of Hounds, a Group 2 and Group 3 with the Dubai Duty Free contender Musir, and Group 2s with the Sheema Classic filly Mahbooba and the Gold Cup runner Viscount Nelson.

But there have also been disappointments. Musir failed to strike in his most recent run after being given a small break and De Kock's former great World Cup hope, Bold Silvano, could not live up to expectations.

"It's a season that has had its ups and downs," De Kock said from his yard on Friday. "Some horses have come better than I thought, some have disappointed."

Bold Silvano can definitely be put into the latter category. Installed as favourite last year, he was forced to miss the World Cup due to injury. This year, after fighting back to fitness, he has had to pass up the big race because his performances could not convince De Kock he warranted a run.

Instead he has been switched to turf and is one of two De Kock horses to contest one of the two Group 1 turf races on Saturday night, the US$5 million (Dh18.4m) Sheema Classic over 2,410m.

"It's not been an ideal prep and I really hate it when you are not sure about the horse," De Kock said.

"I wasn't displeased with his fifth in the Firebreak on comeback, but then he got his tongue over the bit in the Maktoum Challenge and his lungs were full of Tapeta and he has been on antibiotics."

Stablemate Mahbooba, who runs in the same race, is flying.

"She has beaten the colts in Newmarket over a mile and a half," said the trainer.

"She had a little bit of a setback with a cough and had a week off but she was very fit at that time and I don't think it's a factor.

"She's flying and should run a good race."

OTHER RACES

UAE Derby

The diminutive Lucky Chappy should not be judged on appearances according to the handler Graham Motion. "It's difficult against the southern hemisphere horses, and he's pretty uninspiring to watch in the morning, but he's a tough little guy. He hasn't done too much wrong to be honest," Motion said. In tonight's $2 million race, Lucky Chappy takes on Mike De Kock's fancied Al Bastakiya victor Mickdaam and three Godolphin contenders in 2,000 Guineas winner, Kinglet, UAE Oaks star Falls Of Lora and Grade 1 winner, Wrote. De Kock is confident Mickdaam can put in a good effort, although he concedes that the colt must find a couple of lengths if he is to win. "He is an improving horse, but to look at him you would say he is still immature," said De Kock, who saddles nine other runners tonight. "So he's a progressive horse. If he's to win this he's got to improve by a length or two. There are some very good horses in this race, including Wrote and Balada Sale."

Dubai Gold Cup

Mikhail Glinka has competed most of his training for the longest race on World Cup day on the treadmill. The Herman Brown-trained stayer has not stepped on the track, other than to race, since he finished second to Simon De Montfort early this month. Since that outing he won the Super Saturday Dubai City of Gold stayer's race to set him up for his World Cup night challenge, where he will face the Godolphin pair Fox Hunt and Opinion Poll. Brown also saddles Bronze Cannon in the US$1 million (Dh3.67m) race.

Godolphin Mile

Jeremy Noseda, trainer of Western Aristocrat, has said that if his horse handles the track, he should be in contention for the $1m race. The Grade 1 winner, whose last victory came on turf, lapped the tapeta at a steady pace after having completed his prep in England before his trip. "We don't know whether he will handle the track but if he runs his race he has got to be in contention," Noseda said.

Al Quoz Sprint

Eagle Regiment, the sprint runner from Manfred Man's yard, was nursing a minor injury yesterday morning although his trainer said he would still run. "He's feeling better and better. He worked well today; it was good for him because he's usually lazy in the morning," Man said. "He is back to his best racing body weight and he will run well. His leg is not perfect, not 100 per cent, but that does not stop him running to his very best and his very best is very good." Also in the Al Quoz, Hayley Turner could become the first woman to win a race on World Cup night. Turner is aboard the Michael Bell-trained Group 1 winner, Margot Did. As soon as the gates fly back Turner will become the first woman to ride in a thoroughbred race on World Cup day. Katy Sweeney partnered an Arabian in the precursor to the Kahayla Classic in 1997.

Golden Shaheen

Lucky Nine has lived up to his name after making a full recovery from a twisted shoe that left him a little lame on Monday. His trainer, Caspar Fownes, was concerned that the horse would not be able to take up his place in the $2m sprint, but "he's running," Fownes said. "He was only one-10th lame, and he's all clear now. He will race in glue-on shoes and I feel he will race really well, even if he has a bad gate in 12. The pace will be on and if he can position in midfield he could run home better than anything, as he's all heart."

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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.”